Sparkle: 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.
Sparkle
Largest movements
- Receivables within one year -€223,907
down €223,907 (-60.1%), from €372,672 to €148,765
of which Trade receivables: -€163,921
- Cash -€9,131
down €9,131 (-58.8%), from €15,521 to €6,390
mainly Other debts (-€112,017) and Trade debts (-€79,722)
- Other debts -€112,017
down €112,017 (-21.4%), from €522,493 to €410,476
- Trade debts -€79,722
down €79,722 (-54.5%), from €146,402 to €66,680
- Reserves -€27,900
down €27,900 (-25.9%), from €107,700 to €79,800
of which Distributable reserves: -€27,900
- Purchases and services -€562,030
down €562,030 (-60.1%), from €934,466 to €372,436
- Turnover -€287,480
down €287,480 (-40.6%), from €708,070 to €420,589
- Gross operating margin -€136,023
down €136,023 (-58.8%), from €231,472 to €95,449
- Staff costs -€39,076
down €39,076 (-30.9%), from €126,583 to €87,507
- Write-downs +€11,030
new in 2025: €11,030
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 | €857,597 | €629,587 | -€228,010 | -26.6% |
| Fixed assets | 21/28 | €466,675 | €466,767 | +€93 | 0.0% |
| Tangible fixed assets | 22/27 | €899 | €992 | +€93 | +10.3% |
| Plant, machinery and equipment | 23 | €725 | €992 | +€267 | +36.8% |
| Furniture and vehicles | 24 | €174 | - | -€174 | |
| Financial fixed assets | 28 | €465,776 | €465,776 | = | 0.0% |
| Current assets | 29/58 | €390,923 | €162,820 | -€228,103 | -58.3% |
| Amounts receivable within one year | 40/41 | €372,672 | €148,765 | -€223,907 | -60.1% |
| Trade receivables | 40 | €253,162 | €89,241 | -€163,921 | -64.7% |
| Other amounts receivable | 41 | €119,510 | €59,524 | -€59,986 | -50.2% |
| Cash at bank and in hand | 54/58 | €15,521 | €6,390 | -€9,131 | -58.8% |
| Deferred charges and accrued income | 490/1 | €2,730 | €7,665 | +€4,935 | +180.8% |
| Total equity and liabilities | 10/49 | €857,597 | €629,587 | -€228,010 | -26.6% |
| Equity | 10/15 | €169,769 | €141,872 | -€27,897 | -16.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €107,700 | €79,800 | -€27,900 | -25.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €101,500 | €73,600 | -€27,900 | -27.5% |
| Profit (loss) carried forward | 14 | €69 | €72 | +€3 | +5.0% |
| Amounts payable | 17/49 | €687,829 | €487,715 | -€200,114 | -29.1% |
| Amounts payable within one year | 42/48 | €687,829 | €487,715 | -€200,114 | -29.1% |
| Trade debts | 44 | €146,402 | €66,680 | -€79,722 | -54.5% |
| Suppliers | 440/4 | €146,402 | €66,680 | -€79,722 | -54.5% |
| Taxes, remuneration and social security | 45 | €18,934 | €10,560 | -€8,375 | -44.2% |
| Taxes | 450/3 | €4,331 | €2,796 | -€1,535 | -35.4% |
| Remuneration and social security | 454/9 | €14,603 | €7,764 | -€6,840 | -46.8% |
| Other amounts payable | 47/48 | €522,493 | €410,476 | -€112,017 | -21.4% |
| Turnover | 70 | €708,070 | €420,589 | -€287,480 | -40.6% |
| Non-recurring operating income | 76A | €4,065 | - | -€4,065 | |
| Goods, raw materials, services and sundry goods | 60/61 | €934,466 | €372,436 | -€562,030 | -60.1% |
| Remuneration, social security and pensions | 62 | €126,583 | €87,507 | -€39,076 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,497 | €758 | -€740 | -49.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,030 | +€11,030 | |
| Other operating charges | 640/8 | €5,901 | €1,545 | -€4,357 | -73.8% |
| Non-recurring operating charges | 66A | €19 | - | -€19 | |
| Gross operating margin | 9900 | €231,472 | €95,449 | -€136,023 | -58.8% |
| Operating profit (loss) | 9901 | €97,471 | -€5,391 | -€102,862 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +144.8% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +144.8% |
| Financial charges | 65/66B | €20,516 | €22,331 | +€1,814 | +8.8% |
| Recurring financial charges | 65 | €20,516 | €22,331 | +€1,814 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €76,955 | -€27,720 | -€104,675 | |
| Income taxes | 67/77 | €4,331 | €176 | -€4,155 | -95.9% |
| Profit (loss) for the period | 9904 | €72,624 | -€27,897 | -€100,520 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,624 | -€27,897 | -€100,520 |
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 8 October 2026 via checked.be.