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.
What changed
SPARKI
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · -€1.6m+€3.7m
Equity
€65.3m
2024 · €63.2m+€2.1m
Cash
€100,870
2024 · €647,823-€546,952
Balance sheet total
€135.2m
2024 · €122.3m+€12.8m
Largest movements
Assets
- Financial fixed assets +€14.1m
up €14.1m (+13.3%), from €106.4m to €120.6m
of which Companies linked by participating interests: +€10.4m
- Receivables within one year -€4.9m
down €4.9m (-32.3%), from €15.3m to €10.3m
- Intangible fixed assets +€4.2m
new in 2025: €4.2m
Equity and liabilities
- Debts after one year +€6.0m
up €6.0m (+12.6%), from €47.8m to €53.8m
- Trade debts +€4.2m
up €4.2m (+2114878.3%), from €199 to €4.2m
- Profit (loss) carried forward +€1.6m
up €1.6m, from -€1.6m to €0
Income statement
- Financial income +€17.4m
up €17.4m (+2745.3%), from €632,199 to €18.0m
of which Non-recurring financial income: +€10.3m
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.
Result 2024
-€1.6m
Other operating charges
+€570
Other operating items
-€13.1m
Financial income
+€17.4m
Financial charges
-€550,341
Result 2025
€2.1m
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.
From operations
+€11.4m
Investment
-€18.3m
Financing
+€6.3m
Cash 2024
€647,823
From operations (derived)
+€11.4m
Net result for the year
+€2.1m
Receivables within one year
+€4.9m
Deferred charges and accrued income
-€4
Trade debts
+€4.2m
Other debts
+€192,211
Investment (derived)
-€18.3m
Investment in fixed assets (net)
-€18.3m
Financing
+€6.3m
Debts after one year
+€6.0m
Current portion of long-term debt
+€335,770
Cash 2025
€100,870
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,343,083 | €135,186,127 | +€12.8m | +10.5% |
| Fixed assets | 21/28 | €106,427,403 | €124,749,329 | +€18.3m | +17.2% |
| Intangible fixed assets | 21 | - | €4,175,902 | +€4.2m | |
| Financial fixed assets | 28 | €106,427,403 | €120,573,427 | +€14.1m | +13.3% |
| Affiliated companies | 280/1 | €106,427,403 | €110,187,427 | +€3.8m | +3.5% |
| Participating interests | 280 | €80,001,656 | €110,187,427 | +€30.2m | +37.7% |
| Amounts receivable | 281 | €26,425,747 | €0 | -€26.4m | -100.0% |
| Companies linked by participating interests | 282/3 | - | €10,386,000 | +€10.4m | |
| Participating interests | 282 | - | €10,386,000 | +€10.4m | |
| Current assets | 29/58 | €15,915,680 | €10,436,798 | -€5.5m | -34.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €15,250,583 | €10,318,650 | -€4.9m | -32.3% |
| Other amounts receivable | 41 | €15,250,583 | €10,318,650 | -€4.9m | -32.3% |
| Cash at bank and in hand | 54/58 | €647,823 | €100,870 | -€546,952 | -84.4% |
| Deferred charges and accrued income | 490/1 | €17,274 | €17,278 | +€4 | 0.0% |
| Total equity and liabilities | 10/49 | €122,343,083 | €135,186,127 | +€12.8m | +10.5% |
| Equity | 10/15 | €63,220,388 | €65,337,910 | +€2.1m | +3.3% |
| Contributions | 10/11 | €64,830,934 | €64,830,934 | = | 0.0% |
| Capital | 10 | €64,830,934 | €64,830,934 | = | 0.0% |
| Issued capital | 100 | €64,830,934 | €64,830,934 | = | 0.0% |
| Reserves | 13 | - | €506,976 | +€506,976 | |
| Non-distributable reserves | 130/1 | - | €25,349 | +€25,349 | |
| Legal reserve | 130 | - | €25,349 | +€25,349 | |
| Distributable reserves | 133 | - | €481,627 | +€481,627 | |
| Profit (loss) carried forward | 14 | -€1,610,546 | €0 | +€1.6m | |
| Amounts payable | 17/49 | €59,122,695 | €69,848,217 | +€10.7m | +18.1% |
| Amounts payable after more than one year | 17 | €47,785,376 | €53,782,769 | +€6.0m | +12.6% |
| Financial debts | 170/4 | €47,785,376 | €53,782,769 | +€6.0m | +12.6% |
| Subordinated loans | 170 | - | €51,290,880 | +€51.3m | |
| Credit institutions | 173 | €422,815 | €2,491,889 | +€2.1m | +489.4% |
| Other loans | 174 | €47,362,561 | €0 | -€47.4m | -100.0% |
| Amounts payable within one year | 42/48 | €11,337,319 | €16,065,448 | +€4.7m | +41.7% |
| Current portion of amounts payable after more than one year | 42 | €700,904 | €1,036,674 | +€335,770 | +47.9% |
| Trade debts | 44 | €199 | €4,200,347 | +€4.2m | +2114878.3% |
| Suppliers | 440/4 | €199 | €4,200,347 | +€4.2m | +2114878.3% |
| Other amounts payable | 47/48 | €10,636,216 | €10,828,427 | +€192,211 | +1.8% |
| Operating income | 70/76A | - | €4,543 | +€4,543 | |
| Other operating income | 74 | - | €4,543 | +€4,543 | |
| Operating charges | 60/66A | €83,515 | €13,165,303 | +€13.1m | +15664.1% |
| Services and other goods | 61 | €82,417 | €159,666 | +€77,249 | +93.7% |
| Other operating charges | 640/8 | €1,098 | €528 | -€570 | -51.9% |
| Non-recurring operating charges | 66A | - | €13,005,109 | +€13.0m | |
| Operating profit (loss) | 9901 | -€83,515 | -€13,160,760 | -€13.1m | -15658.6% |
| Financial income | 75/76B | €632,199 | €17,987,853 | +€17.4m | +2745.3% |
| Recurring financial income | 75 | €632,199 | €7,724,445 | +€7.1m | +1121.8% |
| Income from current assets | 751 | €632,199 | €7,724,445 | +€7.1m | +1121.8% |
| Non-recurring financial income | 76B | - | €10,263,408 | +€10.3m | |
| Financial charges | 65/66B | €2,159,230 | €2,709,571 | +€550,341 | +25.5% |
| Recurring financial charges | 65 | €2,159,230 | €2,709,571 | +€550,341 | +25.5% |
| Debt charges | 650 | €2,159,230 | €2,709,570 | +€550,340 | +25.5% |
| Other financial charges | 652/9 | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | -€1,610,546 | €2,117,522 | +€3.7m | |
| Profit (loss) for the period | 9904 | -€1,610,546 | €2,117,522 | +€3.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,610,546 | €2,117,522 | +€3.7m |
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 2 October 2026 via checked.be.