SPARK PLUG: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SPARK PLUG
Largest movements
- Cash -€29,609
down €29,609 (-67.7%), from €43,759 to €14,150
mainly Contributions, distributions and other (-€16,500) and Net result for the year (-€15,792)
- Receivables within one year -€2,055
down €2,055 (-41.2%), from €4,984 to €2,929
of which Trade receivables: -€3,334
- Deferred charges and accrued income +€1,186
up €1,186 (+89.8%), from €1,320 to €2,506
- Tangible fixed assets +€816
up €816 (+18.3%), from €4,458 to €5,274
- Profit (loss) carried forward -€32,292
down €32,292 (-98.5%), from €32,788 to €496
- Other debts +€11,308
up €11,308 (+207%), from €5,460 to €16,767
- Tax, wage and social debts -€8,961
down €8,961 (-99.0%), from €9,051 to €90
- Gross operating margin -€40,634
down €40,634, from €27,152 to -€13,482
- Taxes -€6,913
down €6,913, from €6,852 to -€61
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,520 | €25,859 | -€29,662 | -53.4% |
| Fixed assets | 21/28 | €5,458 | €6,274 | +€816 | +15.0% |
| Tangible fixed assets | 22/27 | €4,458 | €5,274 | +€816 | +18.3% |
| Furniture and vehicles | 24 | €4,458 | €5,274 | +€816 | +18.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €50,063 | €19,585 | -€30,478 | -60.9% |
| Amounts receivable within one year | 40/41 | €4,984 | €2,929 | -€2,055 | -41.2% |
| Trade receivables | 40 | €3,884 | €550 | -€3,334 | -85.8% |
| Other amounts receivable | 41 | €1,100 | €2,379 | +€1,279 | +116% |
| Cash at bank and in hand | 54/58 | €43,759 | €14,150 | -€29,609 | -67.7% |
| Deferred charges and accrued income | 490/1 | €1,320 | €2,506 | +€1,186 | +89.8% |
| Total equity and liabilities | 10/49 | €55,520 | €25,859 | -€29,662 | -53.4% |
| Equity | 10/15 | €40,848 | €8,556 | -€32,292 | -79.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,788 | €496 | -€32,292 | -98.5% |
| Amounts payable | 17/49 | €14,672 | €17,302 | +€2,630 | +17.9% |
| Amounts payable within one year | 42/48 | €14,648 | €17,302 | +€2,654 | +18.1% |
| Trade debts | 44 | €138 | €445 | +€307 | +223% |
| Suppliers | 440/4 | €138 | €445 | +€307 | +223% |
| Taxes, remuneration and social security | 45 | €9,051 | €90 | -€8,961 | -99.0% |
| Taxes | 450/3 | €9,051 | €90 | -€8,961 | -99.0% |
| Other amounts payable | 47/48 | €5,460 | €16,767 | +€11,308 | +207% |
| Accrued charges and deferred income | 492/3 | €24 | - | -€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,568 | €1,643 | +€76 | +4.8% |
| Other operating charges | 640/8 | €750 | €786 | +€36 | +4.8% |
| Non-recurring operating charges | 66A | €35 | - | -€35 | |
| Gross operating margin | 9900 | €27,152 | -€13,482 | -€40,634 | |
| Operating profit (loss) | 9901 | €24,800 | -€15,911 | -€40,711 | |
| Financial income | 75/76B | €143 | €168 | +€25 | +17.4% |
| Recurring financial income | 75 | €143 | €168 | +€25 | +17.4% |
| Financial charges | 65/66B | €294 | €110 | -€185 | -62.8% |
| Recurring financial charges | 65 | €294 | €110 | -€185 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €24,649 | -€15,853 | -€40,501 | |
| Income taxes | 67/77 | €6,852 | -€61 | -€6,913 | |
| Profit (loss) for the period | 9904 | €17,797 | -€15,792 | -€33,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,797 | -€15,792 | -€33,589 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.