Spark Power: 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 Power
Largest movements
- Cash +€1.2m
up €1.2m (+904%), from €133,519 to €1.3m
mainly Contributions, distributions and other (+€2.9m) and Trade debts (+€76,841)
- Stocks and contracts +€379,462
up €379,462 (+1,180%), from €32,166 to €411,628
- Receivables within one year +€50,441
up €50,441 (+223%), from €22,588 to €73,029
of which Other amounts receivable: +€50,450
- Contributions +€3.5m
up €3.5m (+700%), from €500,000 to €4.0m
- Profit (loss) carried forward -€1.9m
down €1.9m (-464%), from -€416,612 to -€2.4m
- Trade debts +€76,841
up €76,841 (+81.1%), from €94,757 to €171,598
- Gross operating margin -€735,712
down €735,712 (-279%), from -€264,000 to -€999,712
- Staff costs +€170,111
up €170,111 (+116%), from €146,116 to €316,227
- Financial charges +€15,076
up €15,076 (+309%), from €4,877 to €19,953
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 | €194,261 | €1,842,323 | +€1.6m | +848% |
| Fixed assets | 21/28 | €4,260 | €11,560 | +€7,299 | +171% |
| Intangible fixed assets | 21 | - | €4,589 | +€4,589 | |
| Tangible fixed assets | 22/27 | €4,260 | €6,791 | +€2,530 | +59.4% |
| Furniture and vehicles | 24 | €4,260 | €6,791 | +€2,530 | +59.4% |
| Financial fixed assets | 28 | - | €180 | +€180 | |
| Current assets | 29/58 | €190,001 | €1,830,763 | +€1.6m | +864% |
| Stocks and contracts in progress | 3 | €32,166 | €411,628 | +€379,462 | +1,180% |
| Contracts in progress | 37 | €32,166 | €411,628 | +€379,462 | +1,180% |
| Amounts receivable within one year | 40/41 | €22,588 | €73,029 | +€50,441 | +223% |
| Trade receivables | 40 | €8 | - | -€8 | |
| Other amounts receivable | 41 | €22,580 | €73,029 | +€50,450 | +223% |
| Cash at bank and in hand | 54/58 | €133,519 | €1,340,481 | +€1.2m | +904% |
| Deferred charges and accrued income | 490/1 | €1,728 | €5,624 | +€3,896 | +226% |
| Total equity and liabilities | 10/49 | €194,261 | €1,842,323 | +€1.6m | +848% |
| Equity | 10/15 | €83,388 | €1,648,463 | +€1.6m | +1,877% |
| Contributions | 10/11 | €500,000 | €4,000,000 | +€3.5m | +700% |
| Profit (loss) carried forward | 14 | -€416,612 | -€2,351,537 | -€1.9m | -464% |
| Amounts payable | 17/49 | €110,873 | €193,859 | +€82,986 | +74.8% |
| Amounts payable within one year | 42/48 | €110,873 | €193,859 | +€82,986 | +74.8% |
| Trade debts | 44 | €94,757 | €171,598 | +€76,841 | +81.1% |
| Suppliers | 440/4 | €94,757 | €171,598 | +€76,841 | +81.1% |
| Taxes, remuneration and social security | 45 | €16,117 | €22,261 | +€6,145 | +38.1% |
| Remuneration and social security | 454/9 | €16,117 | €22,261 | +€6,145 | +38.1% |
| Remuneration, social security and pensions | 62 | €146,116 | €316,227 | +€170,111 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €695 | €2,127 | +€1,432 | +206% |
| Other operating charges | 640/8 | €945 | €1,288 | +€343 | +36.3% |
| Gross operating margin | 9900 | -€264,000 | -€999,712 | -€735,712 | -279% |
| Operating profit (loss) | 9901 | -€411,756 | -€1,319,353 | -€907,598 | -220% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €4,877 | €19,953 | +€15,076 | +309% |
| Recurring financial charges | 65 | €4,877 | €19,953 | +€15,076 | +309% |
| Profit (loss) for the period before taxes | 9903 | -€416,612 | -€1,339,306 | -€922,695 | -221% |
| Income taxes | 67/77 | - | €1,007 | +€1,007 | |
| Profit (loss) for the period | 9904 | -€416,612 | -€1,340,313 | -€923,701 | -222% |
| Profit (loss) for the period to be appropriated | 9905 | -€416,612 | -€1,340,313 | -€923,701 | -222% |
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 20 October 2026 via checked.be.