SPARKLING: 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.
SPARKLING
Largest movements
- Receivables within one year +€84,978
up €84,978 (+66.7%), from €127,483 to €212,461
of which Trade receivables: +€67,329
- Tangible fixed assets -€6,842
down €6,842 (-4.2%), from €161,144 to €154,302
of which Leasing and similar rights: -€21,716
- Advances received +€76,110
new in 2025: €76,110
- Trade debts +€60,548
up €60,548 (+232%), from €26,143 to €86,691
- Other debts -€33,785
no longer reported in 2025 (was €33,785)
- Debts after one year -€33,360
down €33,360 (-25.6%), from €130,492 to €97,132
of which Financial debts: -€17,119
- Short-term financial debts +€5,928
up €5,928 (+31.3%), from €18,939 to €24,867
- Gross operating margin +€48,597
up €48,597 (+34.4%), from €141,137 to €189,734
- Financial charges +€39,306
up €39,306 (+37.1%), from €105,812 to €145,118
- Depreciation +€6,103
up €6,103 (+19.1%), from €31,939 to €38,042
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €290,490 | €369,778 | +€79,288 | +27.3% |
| Fixed assets | 21/28 | €162,424 | €155,582 | -€6,842 | -4.2% |
| Tangible fixed assets | 22/27 | €161,144 | €154,302 | -€6,842 | -4.2% |
| Land and buildings | 22 | €7,726 | €5,844 | -€1,883 | -24.4% |
| Furniture and vehicles | 24 | €306 | - | -€306 | |
| Leasing and similar rights | 25 | €76,008 | €54,291 | -€21,716 | -28.6% |
| Other tangible fixed assets | 26 | €77,104 | €94,167 | +€17,063 | +22.1% |
| Financial fixed assets | 28 | €1,280 | €1,280 | = | 0.0% |
| Current assets | 29/58 | €128,066 | €214,196 | +€86,130 | +67.3% |
| Amounts receivable within one year | 40/41 | €127,483 | €212,461 | +€84,978 | +66.7% |
| Trade receivables | 40 | €97,625 | €164,955 | +€67,329 | +69.0% |
| Other amounts receivable | 41 | €29,858 | €47,506 | +€17,648 | +59.1% |
| Deferred charges and accrued income | 490/1 | €583 | €1,735 | +€1,152 | +198% |
| Total equity and liabilities | 10/49 | €290,490 | €369,778 | +€79,288 | +27.3% |
| Equity | 10/15 | €12,759 | €16,179 | +€3,420 | +26.8% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,299 | €13,719 | +€3,420 | +33.2% |
| Amounts payable | 17/49 | €277,731 | €353,599 | +€75,867 | +27.3% |
| Amounts payable after more than one year | 17 | €130,492 | €97,132 | -€33,360 | -25.6% |
| Financial debts | 170/4 | €70,971 | €53,851 | -€17,119 | -24.1% |
| Trade debts | 175 | €59,522 | €43,281 | -€16,241 | -27.3% |
| Amounts payable within one year | 42/48 | €147,239 | €256,467 | +€109,228 | +74.2% |
| Current portion of amounts payable after more than one year | 42 | €31,406 | €31,707 | +€302 | +1.0% |
| Financial debts | 43 | €18,939 | €24,867 | +€5,928 | +31.3% |
| Credit institutions | 430/8 | €18,939 | €24,867 | +€5,928 | +31.3% |
| Trade debts | 44 | €26,143 | €86,691 | +€60,548 | +232% |
| Suppliers | 440/4 | €26,143 | €86,691 | +€60,548 | +232% |
| Advances received on contracts in progress | 46 | - | €76,110 | +€76,110 | |
| Taxes, remuneration and social security | 45 | €36,966 | €37,091 | +€125 | +0.3% |
| Taxes | 450/3 | €36,966 | €37,091 | +€125 | +0.3% |
| Other amounts payable | 47/48 | €33,785 | - | -€33,785 | |
| Remuneration, social security and pensions | 62 | - | €886 | +€886 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,939 | €38,042 | +€6,103 | +19.1% |
| Other operating charges | 640/8 | €1,066 | €1,215 | +€149 | +13.9% |
| Gross operating margin | 9900 | €141,137 | €189,734 | +€48,597 | +34.4% |
| Operating profit (loss) | 9901 | €108,132 | €149,591 | +€41,459 | +38.3% |
| Financial income | 75/76B | €2,102 | €2,179 | +€77 | +3.7% |
| Recurring financial income | 75 | €2,102 | €2,179 | +€77 | +3.7% |
| Financial charges | 65/66B | €105,812 | €145,118 | +€39,306 | +37.1% |
| Recurring financial charges | 65 | €105,812 | €145,118 | +€39,306 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €4,422 | €6,652 | +€2,231 | +50.5% |
| Income taxes | 67/77 | €3,456 | €3,232 | -€224 | -6.5% |
| Profit (loss) for the period | 9904 | €966 | €3,420 | +€2,455 | +254% |
| Profit (loss) for the period to be appropriated | 9905 | €966 | €3,420 | +€2,455 | +254% |
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 21 October 2026 via checked.be.