SPARKLINK: 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.
SPARKLINK
Largest movements
- Receivables within one year -€240,564
down €240,564 (-14.4%), from €1.7m to €1.4m
of which Trade receivables: -€257,204
- Tangible fixed assets -€91,488
down €91,488 (-20.7%), from €441,850 to €350,362
of which Plant, machinery and equipment: -€56,563
- Cash -€48,188
down €48,188 (-15.1%), from €318,893 to €270,705
mainly Trade debts (-€231,344) and Accrued charges and deferred income (-€85,318)
- Trade debts -€231,344
down €231,344 (-56.3%), from €410,887 to €179,543
- Accrued charges and deferred income -€85,318
down €85,318 (-36.4%), from €234,228 to €148,910
- Profit (loss) carried forward -€59,232
new in 2025: -€59,232
- Staff costs -€575,432
down €575,432 (-14.8%), from €3.9m to €3.3m
- Gross operating margin -€277,690
down €277,690 (-7.4%), from €3.7m to €3.5m
- Write-downs -€101,041
no longer reported in 2025 (was €101,041)
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 | €2,772,717 | €2,357,171 | -€415,546 | -15.0% |
| Fixed assets | 21/28 | €506,017 | €391,434 | -€114,583 | -22.6% |
| Intangible fixed assets | 21 | €62,214 | €40,242 | -€21,972 | -35.3% |
| Tangible fixed assets | 22/27 | €441,850 | €350,362 | -€91,488 | -20.7% |
| Land and buildings | 22 | €18,155 | €12,833 | -€5,321 | -29.3% |
| Plant, machinery and equipment | 23 | €144,463 | €87,900 | -€56,563 | -39.2% |
| Furniture and vehicles | 24 | €271,204 | €243,338 | -€27,867 | -10.3% |
| Other tangible fixed assets | 26 | €8,028 | €6,292 | -€1,736 | -21.6% |
| Financial fixed assets | 28 | €1,953 | €830 | -€1,123 | -57.5% |
| Current assets | 29/58 | €2,266,700 | €1,965,738 | -€300,963 | -13.3% |
| Amounts receivable after more than one year | 29 | €162,951 | €158,782 | -€4,169 | -2.6% |
| Trade receivables | 290 | - | €138,138 | +€138,138 | |
| Other amounts receivable | 291 | €162,951 | €20,644 | -€142,307 | -87.3% |
| Amounts receivable within one year | 40/41 | €1,666,286 | €1,425,722 | -€240,564 | -14.4% |
| Trade receivables | 40 | €1,507,858 | €1,250,655 | -€257,204 | -17.1% |
| Other amounts receivable | 41 | €158,428 | €175,068 | +€16,640 | +10.5% |
| Cash at bank and in hand | 54/58 | €318,893 | €270,705 | -€48,188 | -15.1% |
| Deferred charges and accrued income | 490/1 | €118,570 | €110,528 | -€8,042 | -6.8% |
| Total equity and liabilities | 10/49 | €2,772,717 | €2,357,171 | -€415,546 | -15.0% |
| Equity | 10/15 | €1,122,634 | €1,063,403 | -€59,232 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,104,034 | €1,104,034 | = | 0.0% |
| Distributable reserves | 133 | €1,104,034 | €1,104,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€59,232 | -€59,232 | |
| Amounts payable | 17/49 | €1,650,083 | €1,293,769 | -€356,314 | -21.6% |
| Amounts payable within one year | 42/48 | €1,415,855 | €1,144,859 | -€270,996 | -19.1% |
| Financial debts | 43 | €505,578 | €484,331 | -€21,247 | -4.2% |
| Credit institutions | 430/8 | €505,578 | €484,331 | -€21,247 | -4.2% |
| Trade debts | 44 | €410,887 | €179,543 | -€231,344 | -56.3% |
| Suppliers | 440/4 | €410,887 | €179,543 | -€231,344 | -56.3% |
| Taxes, remuneration and social security | 45 | €499,165 | €480,760 | -€18,405 | -3.7% |
| Taxes | 450/3 | €142,246 | €149,022 | +€6,775 | +4.8% |
| Remuneration and social security | 454/9 | €356,918 | €331,739 | -€25,180 | -7.1% |
| Other amounts payable | 47/48 | €226 | €226 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €234,228 | €148,910 | -€85,318 | -36.4% |
| Non-recurring operating income | 76A | €114 | €46 | -€68 | -59.9% |
| Remuneration, social security and pensions | 62 | €3,889,561 | €3,314,129 | -€575,432 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,148 | €143,405 | -€7,742 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €101,041 | - | -€101,041 | |
| Other operating charges | 640/8 | €8,500 | €1,848 | -€6,652 | -78.3% |
| Non-recurring operating charges | 66A | €1,029 | €1,304 | +€274 | +26.7% |
| Gross operating margin | 9900 | €3,734,998 | €3,457,308 | -€277,690 | -7.4% |
| Operating profit (loss) | 9901 | -€416,281 | -€3,379 | +€412,902 | +99.2% |
| Financial income | 75/76B | €2,860 | €3,664 | +€804 | +28.1% |
| Recurring financial income | 75 | €2,860 | €3,664 | +€804 | +28.1% |
| Financial charges | 65/66B | €51,280 | €53,081 | +€1,801 | +3.5% |
| Recurring financial charges | 65 | €51,280 | €53,081 | +€1,801 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€464,701 | -€52,796 | +€411,905 | +88.6% |
| Income taxes | 67/77 | €6,432 | €6,436 | +€4 | +0.1% |
| Profit (loss) for the period | 9904 | -€471,133 | -€59,232 | +€411,901 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€471,133 | -€59,232 | +€411,901 | +87.4% |
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.