Sparki: what changed
Two fiscal 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.
Sparki
Largest movements
- Tangible fixed assets +€8.4m
up €8.4m (+39.5%), from €21.3m to €29.8m
of which Plant, machinery and equipment: +€8.4m
- Cash -€5.2m
down €5.2m (-53.6%), from €9.7m to €4.5m
mainly Debts after one year (-€33.2m) and Investment in fixed assets (net) (-€11.6m)
- Receivables within one year +€822,054
up €822,054 (+62.1%), from €1.3m to €2.1m
of which Trade receivables: +€821,168
- Contributions +€40.4m
up €40.4m (+1008.1%), from €4.0m to €44.4m
- Debts after one year -€33.2m
down €33.2m (-66.6%), from €49.8m to €16.6m
- Accrued charges and deferred income -€6.5m
down €6.5m (-98.6%), from €6.6m to €90,296
- Current portion of long-term debt +€1.9m
up €1.9m (+312.6%), from €618,918 to €2.6m
- Profit (loss) carried forward +€591,259
up €591,259 (+3.2%), from -€18.3m to -€17.7m
- Financial income +€7.4m
up €7.4m (+455126.0%), from €1,619 to €7.4m
of which Non-recurring financial income: +€7.3m
- Financial charges -€4.5m
down €4.5m (-75.4%), from €6.0m to €1.5m
- Gross operating margin +€2.2m
up €2.2m (+78.5%), from -€2.8m to -€593,796
- Depreciation +€629,142
up €629,142 (+26.5%), from €2.4m to €3.0m
- Provisions +€150,000
new in 2025: €150,000
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 | €44,223,249 | €48,167,274 | +€3.9m | +8.9% |
| Fixed assets | 21/28 | €21,848,256 | €30,400,858 | +€8.6m | +39.1% |
| Intangible fixed assets | 21 | €492,856 | €621,568 | +€128,713 | +26.1% |
| Tangible fixed assets | 22/27 | €21,344,173 | €29,768,063 | +€8.4m | +39.5% |
| Plant, machinery and equipment | 23 | €21,320,292 | €29,741,466 | +€8.4m | +39.5% |
| Furniture and vehicles | 24 | €23,881 | €26,597 | +€2,716 | +11.4% |
| Financial fixed assets | 28 | €11,227 | €11,227 | = | 0.0% |
| Current assets | 29/58 | €22,374,992 | €17,766,415 | -€4.6m | -20.6% |
| Stocks and contracts in progress | 3 | €11,196,476 | €10,724,909 | -€471,567 | -4.2% |
| Stocks | 30/36 | €11,196,476 | €10,724,909 | -€471,567 | -4.2% |
| Amounts receivable within one year | 40/41 | €1,324,193 | €2,146,247 | +€822,054 | +62.1% |
| Trade receivables | 40 | €855,159 | €1,676,327 | +€821,168 | +96.0% |
| Other amounts receivable | 41 | €469,034 | €469,919 | +€886 | +0.2% |
| Cash at bank and in hand | 54/58 | €9,737,808 | €4,517,180 | -€5.2m | -53.6% |
| Deferred charges and accrued income | 490/1 | €116,515 | €378,080 | +€261,565 | +224.5% |
| Total equity and liabilities | 10/49 | €44,223,249 | €48,167,274 | +€3.9m | +8.9% |
| Equity | 10/15 | -€14,303,063 | €26,713,942 | +€41.0m | |
| Contributions | 10/11 | €4,010,000 | €44,435,747 | +€40.4m | +1008.1% |
| Profit (loss) carried forward | 14 | -€18,313,063 | -€17,721,804 | +€591,259 | +3.2% |
| Provisions and deferred taxes | 16 | - | €150,000 | +€150,000 | |
| Provisions for liabilities and charges | 160/5 | - | €150,000 | +€150,000 | |
| Other liabilities and charges | 164/5 | - | €150,000 | +€150,000 | |
| Amounts payable | 17/49 | €58,526,312 | €21,303,331 | -€37.2m | -63.6% |
| Amounts payable after more than one year | 17 | €49,806,828 | €16,618,428 | -€33.2m | -66.6% |
| Financial debts | 170/4 | €49,806,828 | €16,618,428 | -€33.2m | -66.6% |
| Amounts payable within one year | 42/48 | €2,122,528 | €4,594,607 | +€2.5m | +116.5% |
| Current portion of amounts payable after more than one year | 42 | €618,918 | €2,553,693 | +€1.9m | +312.6% |
| Trade debts | 44 | €1,394,002 | €1,911,571 | +€517,568 | +37.1% |
| Suppliers | 440/4 | €1,394,002 | €1,911,571 | +€517,568 | +37.1% |
| Taxes, remuneration and social security | 45 | €109,608 | €129,343 | +€19,736 | +18.0% |
| Taxes | 450/3 | €27,112 | €22,453 | -€4,659 | -17.2% |
| Remuneration and social security | 454/9 | €82,495 | €106,891 | +€24,395 | +29.6% |
| Accrued charges and deferred income | 492/3 | €6,596,956 | €90,296 | -€6.5m | -98.6% |
| Non-recurring operating income | 76A | - | €274,000 | +€274,000 | |
| Remuneration, social security and pensions | 62 | €712,453 | €814,364 | +€101,911 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,371,193 | €3,000,335 | +€629,142 | +26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,594 | +€2,594 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €150,000 | +€150,000 | |
| Other operating charges | 640/8 | €12,751 | €12,522 | -€229 | -1.8% |
| Non-recurring operating charges | 66A | €748,219 | €731,354 | -€16,865 | -2.3% |
| Gross operating margin | 9900 | -€2,759,717 | -€593,796 | +€2.2m | +78.5% |
| Operating profit (loss) | 9901 | -€6,604,333 | -€5,304,965 | +€1.3m | +19.7% |
| Financial income | 75/76B | €1,619 | €7,369,790 | +€7.4m | +455126.0% |
| Recurring financial income | 75 | €1,619 | €25,833 | +€24,214 | +1495.7% |
| Non-recurring financial income | 76B | - | €7,343,957 | +€7.3m | |
| Financial charges | 65/66B | €5,973,704 | €1,472,045 | -€4.5m | -75.4% |
| Recurring financial charges | 65 | €5,973,704 | €1,472,045 | -€4.5m | -75.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,576,417 | €592,781 | +€13.2m | |
| Income taxes | 67/77 | €2,218 | €1,522 | -€696 | -31.4% |
| Profit (loss) for the period | 9904 | -€12,578,635 | €591,259 | +€13.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,578,635 | €591,259 | +€13.2m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.