SPARKS FX: 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.
SPARKS FX
Largest movements
- Tangible fixed assets +€14,784
up €14,784 (+25.0%), from €59,142 to €73,926
of which Furniture and vehicles: +€31,949
- Cash -€13,927
down €13,927 (-11.6%), from €120,150 to €106,223
mainly Investment in fixed assets (net) (-€43,173) and Receivables within one year (-€13,211)
- Receivables within one year +€13,211
up €13,211 (+12.2%), from €107,991 to €121,202
of which Trade receivables: +€6,712
- Tax, wage and social debts +€17,500
up €17,500 (+263%), from €6,647 to €24,147
- Debts after one year -€9,670
down €9,670 (-21.4%), from €45,222 to €35,552
- Reserves +€7,636
up €7,636 (+3.5%), from €215,894 to €223,530
of which Distributable reserves: +€7,636
- Gross operating margin -€27,719
down €27,719 (-40.4%), from €68,557 to €40,837
- Depreciation +€4,503
up €4,503 (+18.9%), from €23,886 to €28,389
- Financial income -€3,104
down €3,104 (-100.0%), from €3,105 to €1
- Taxes +€938
up €938 (+672%), from €140 to €1,078
- Financial charges -€891
down €891 (-33.7%), from €2,643 to €1,752
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
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 | €289,680 | €303,948 | +€14,268 | +4.9% |
| Fixed assets | 21/28 | €59,842 | €74,626 | +€14,784 | +24.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €59,142 | €73,926 | +€14,784 | +25.0% |
| Land and buildings | 22 | €29,467 | €22,533 | -€6,933 | -23.5% |
| Plant, machinery and equipment | 23 | €7,579 | €1,955 | -€5,623 | -74.2% |
| Furniture and vehicles | 24 | €3,254 | €35,203 | +€31,949 | +982% |
| Other tangible fixed assets | 26 | €18,843 | €14,234 | -€4,609 | -24.5% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €229,838 | €229,322 | -€516 | -0.2% |
| Amounts receivable within one year | 40/41 | €107,991 | €121,202 | +€13,211 | +12.2% |
| Trade receivables | 40 | €70,579 | €77,291 | +€6,712 | +9.5% |
| Other amounts receivable | 41 | €37,412 | €43,911 | +€6,499 | +17.4% |
| Cash at bank and in hand | 54/58 | €120,150 | €106,223 | -€13,927 | -11.6% |
| Deferred charges and accrued income | 490/1 | €1,697 | €1,897 | +€200 | +11.8% |
| Total equity and liabilities | 10/49 | €289,680 | €303,948 | +€14,268 | +4.9% |
| Equity | 10/15 | €225,894 | €233,530 | +€7,636 | +3.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €215,894 | €223,530 | +€7,636 | +3.5% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €96,830 | €96,830 | = | 0.0% |
| Distributable reserves | 133 | €114,064 | €121,700 | +€7,636 | +6.7% |
| Amounts payable | 17/49 | €63,786 | €70,417 | +€6,631 | +10.4% |
| Amounts payable after more than one year | 17 | €45,222 | €35,552 | -€9,670 | -21.4% |
| Financial debts | 170/4 | €45,222 | €35,552 | -€9,670 | -21.4% |
| Amounts payable within one year | 42/48 | €18,564 | €34,865 | +€16,301 | +87.8% |
| Current portion of amounts payable after more than one year | 42 | €9,462 | €9,670 | +€208 | +2.2% |
| Trade debts | 44 | €2,455 | €1,048 | -€1,407 | -57.3% |
| Suppliers | 440/4 | €2,455 | €1,048 | -€1,407 | -57.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,647 | €24,147 | +€17,500 | +263% |
| Taxes | 450/3 | €6,647 | €24,147 | +€17,500 | +263% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €61,250 | €1,000 | -€60,250 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,886 | €28,389 | +€4,503 | +18.9% |
| Other operating charges | 640/8 | €1,638 | €1,983 | +€344 | +21.0% |
| Gross operating margin | 9900 | €68,557 | €40,837 | -€27,719 | -40.4% |
| Operating profit (loss) | 9901 | €43,032 | €10,466 | -€32,567 | -75.7% |
| Financial income | 75/76B | €3,105 | €1 | -€3,104 | -100.0% |
| Recurring financial income | 75 | €3,105 | €1 | -€3,104 | -100.0% |
| Financial charges | 65/66B | €2,643 | €1,752 | -€891 | -33.7% |
| Recurring financial charges | 65 | €2,643 | €1,752 | -€891 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €43,494 | €8,714 | -€34,780 | -80.0% |
| Income taxes | 67/77 | €140 | €1,078 | +€938 | +672% |
| Profit (loss) for the period | 9904 | €43,355 | €7,636 | -€35,718 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,355 | €7,636 | -€35,718 | -82.4% |
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 18 October 2026 via checked.be.