SPARK WAVE: 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 WAVE
Largest movements
- Cash +€247,866
up €247,866 (+284.6%), from €87,084 to €334,950
mainly Net result for the year (+€215,663) and Tax, wage and social debts (+€96,342)
- Receivables within one year +€21,465
up €21,465 (+53.6%), from €40,063 to €61,529
- Tangible fixed assets +€20,087
up €20,087 (+329.9%), from €6,089 to €26,176
of which Furniture and vehicles: +€19,355
- Profit (loss) carried forward +€215,663
up €215,663 (+254.2%), from €84,847 to €300,510
- Tax, wage and social debts +€96,342
up €96,342 (+367.0%), from €26,248 to €122,590
of which Taxes: +€83,085
- Trade debts -€13,614
down €13,614 (-77.8%), from €17,502 to €3,888
- Gross operating margin +€282,701
up €282,701 (+242.6%), from €116,530 to €399,231
- Staff costs +€96,569
up €96,569 (+1121.0%), from €8,615 to €105,183
- Taxes +€46,911
up €46,911 (+211.9%), from €22,143 to €69,054
- Depreciation +€6,858
up €6,858 (+1706.3%), from €402 to €7,260
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.
Cash bridge derived
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 | €135,556 | €430,393 | +€294,837 | +217.5% |
| Fixed assets | 21/28 | €6,089 | €27,676 | +€21,587 | +354.5% |
| Tangible fixed assets | 22/27 | €6,089 | €26,176 | +€20,087 | +329.9% |
| Plant, machinery and equipment | 23 | €975 | €1,706 | +€732 | +75.1% |
| Furniture and vehicles | 24 | €5,114 | €24,470 | +€19,355 | +378.5% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €129,467 | €402,717 | +€273,249 | +211.1% |
| Amounts receivable within one year | 40/41 | €40,063 | €61,529 | +€21,465 | +53.6% |
| Trade receivables | 40 | €40,063 | €61,529 | +€21,465 | +53.6% |
| Cash at bank and in hand | 54/58 | €87,084 | €334,950 | +€247,866 | +284.6% |
| Deferred charges and accrued income | 490/1 | €2,320 | €6,238 | +€3,918 | +168.9% |
| Total equity and liabilities | 10/49 | €135,556 | €430,393 | +€294,837 | +217.5% |
| Equity | 10/15 | €87,847 | €303,510 | +€215,663 | +245.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,847 | €300,510 | +€215,663 | +254.2% |
| Amounts payable | 17/49 | €47,709 | €126,883 | +€79,174 | +166.0% |
| Amounts payable within one year | 42/48 | €47,709 | €126,883 | +€79,174 | +166.0% |
| Trade debts | 44 | €17,502 | €3,888 | -€13,614 | -77.8% |
| Suppliers | 440/4 | €17,502 | €3,888 | -€13,614 | -77.8% |
| Taxes, remuneration and social security | 45 | €26,248 | €122,590 | +€96,342 | +367.0% |
| Taxes | 450/3 | €19,098 | €102,183 | +€83,085 | +435.0% |
| Remuneration and social security | 454/9 | €7,149 | €20,407 | +€13,257 | +185.4% |
| Other amounts payable | 47/48 | €3,959 | €405 | -€3,554 | -89.8% |
| Remuneration, social security and pensions | 62 | €8,615 | €105,183 | +€96,569 | +1121.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €402 | €7,260 | +€6,858 | +1706.3% |
| Other operating charges | 640/8 | - | €162 | +€162 | |
| Gross operating margin | 9900 | €116,530 | €399,231 | +€282,701 | +242.6% |
| Operating profit (loss) | 9901 | €107,513 | €286,625 | +€179,112 | +166.6% |
| Financial income | 75/76B | €1 | €3 | +€2 | +271.1% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +271.1% |
| Financial charges | 65/66B | €524 | €1,913 | +€1,388 | +264.8% |
| Recurring financial charges | 65 | €524 | €1,913 | +€1,388 | +264.8% |
| Profit (loss) for the period before taxes | 9903 | €106,990 | €284,716 | +€177,726 | +166.1% |
| Income taxes | 67/77 | €22,143 | €69,054 | +€46,911 | +211.9% |
| Profit (loss) for the period | 9904 | €84,847 | €215,663 | +€130,815 | +154.2% |
| Profit (loss) for the period to be appropriated | 9905 | €84,847 | €215,663 | +€130,815 | +154.2% |
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 11 October 2026 via checked.be.