SPARNEX: 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.
What changed
SPARNEX
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · €310,562-€1.4m
Equity
€3.5m
2024 · €4.6m-€1.1m
Cash
€633
2024 · €133,357-€132,724
Balance sheet total
€15.8m
2024 · €15.3m+€487,210
Largest movements
Assets
- Intangible fixed assets +€380,658
up €380,658 (+5.4%), from €7.0m to €7.4m
- Receivables within one year +€188,048
up €188,048 (+4.5%), from €4.2m to €4.4m
of which Other amounts receivable: +€118,744
Equity and liabilities
- Profit (loss) carried forward -€1.1m
down €1.1m (-4.4%), from -€25.0m to -€26.1m
- Short-term financial debts +€645,136
up €645,136 (+14.7%), from €4.4m to €5.0m
- Trade debts +€422,171
up €422,171 (+48.9%), from €862,786 to €1.3m
- Tax, wage and social debts +€302,469
up €302,469 (+106%), from €285,754 to €588,223
of which Remuneration and social security: +€320,642
- Accrued charges and deferred income +€227,859
up €227,859 (+64.8%), from €351,392 to €579,251
Income statement
- Gross operating margin -€994,937
down €994,937 (-82.2%), from €1.2m to €215,400
- Staff costs +€479,103
up €479,103 (+124%), from €384,833 to €863,936
- Financial charges -€78,039
down €78,039 (-21.6%), from €362,066 to €284,027
- Depreciation +€20,186
up €20,186 (+9.4%), from €215,145 to €235,331
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
€310,562
Gross operating margin
-€994,937
Staff costs
-€479,103
Depreciation
-€20,186
Other operating charges
+€131
Financial income
-€343
Financial charges
+€78,039
Taxes
-€5,885
Result 2025
-€1.1m
raises the resultlowers the result
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.
From operations
-€164,249
Investment
-€613,611
Financing
+€645,136
Cash 2024
€133,357
From operations (derived)
-€164,249
Net result for the year
-€1.1m
Depreciation
+€235,331
Stocks and contracts
-€16,778
Receivables within one year
-€188,048
Deferred charges and accrued income
-€36,828
Trade debts
+€422,171
Tax, wage and social debts
+€302,469
Other debts
+€1,297
Accrued charges and deferred income
+€227,859
Investment (derived)
-€613,611
Investment in fixed assets (net)
-€613,611
Financing
+€645,136
Short-term financial debts
+€645,136
Cash 2025
€633
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,298,739 | €15,785,949 | +€487,210 | +3.2% |
| Fixed assets | 21/28 | €9,460,228 | €9,838,508 | +€378,280 | +4.0% |
| Intangible fixed assets | 21 | €7,041,049 | €7,421,707 | +€380,658 | +5.4% |
| Tangible fixed assets | 22/27 | €10,226 | €7,848 | -€2,378 | -23.3% |
| Plant, machinery and equipment | 23 | €5,937 | €4,675 | -€1,262 | -21.3% |
| Furniture and vehicles | 24 | €4,289 | €3,173 | -€1,116 | -26.0% |
| Financial fixed assets | 28 | €2,408,953 | €2,408,953 | = | 0.0% |
| Current assets | 29/58 | €5,838,511 | €5,947,441 | +€108,930 | +1.9% |
| Amounts receivable after more than one year | 29 | €1,052,211 | €1,052,211 | = | 0.0% |
| Other amounts receivable | 291 | €1,052,211 | €1,052,211 | = | 0.0% |
| Stocks and contracts in progress | 3 | €417,873 | €434,651 | +€16,778 | +4.0% |
| Stocks | 30/36 | €417,873 | €434,651 | +€16,778 | +4.0% |
| Amounts receivable within one year | 40/41 | €4,198,142 | €4,386,190 | +€188,048 | +4.5% |
| Trade receivables | 40 | €3,751,473 | €3,820,777 | +€69,304 | +1.8% |
| Other amounts receivable | 41 | €446,669 | €565,413 | +€118,744 | +26.6% |
| Cash at bank and in hand | 54/58 | €133,357 | €633 | -€132,724 | -99.5% |
| Deferred charges and accrued income | 490/1 | €36,928 | €73,756 | +€36,828 | +99.7% |
| Total equity and liabilities | 10/49 | €15,298,739 | €15,785,949 | +€487,210 | +3.2% |
| Equity | 10/15 | €4,599,146 | €3,487,424 | -€1.1m | -24.2% |
| Contributions | 10/11 | €29,539,246 | €29,539,246 | = | 0.0% |
| Capital | 10 | €28,743,472 | €28,743,472 | = | 0.0% |
| Issued capital | 100 | €28,743,472 | €28,743,472 | = | 0.0% |
| Contributions outside capital | 11 | €795,774 | €795,774 | = | 0.0% |
| Share premium | 1100/10 | €795,774 | €795,774 | = | 0.0% |
| Reserves | 13 | €49,579 | €49,579 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,989,679 | -€26,101,401 | -€1.1m | -4.4% |
| Amounts payable | 17/49 | €10,699,593 | €12,298,525 | +€1.6m | +14.9% |
| Amounts payable after more than one year | 17 | €4,796,588 | €4,796,588 | = | 0.0% |
| Financial debts | 170/4 | €4,796,588 | €4,796,588 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,551,613 | €6,922,686 | +€1.4m | +24.7% |
| Financial debts | 43 | €4,402,431 | €5,047,567 | +€645,136 | +14.7% |
| Other loans | 439 | €4,402,431 | €5,047,567 | +€645,136 | +14.7% |
| Trade debts | 44 | €862,786 | €1,284,957 | +€422,171 | +48.9% |
| Suppliers | 440/4 | €862,786 | €1,284,957 | +€422,171 | +48.9% |
| Taxes, remuneration and social security | 45 | €285,754 | €588,223 | +€302,469 | +106% |
| Taxes | 450/3 | €35,622 | €17,449 | -€18,173 | -51.0% |
| Remuneration and social security | 454/9 | €250,132 | €570,774 | +€320,642 | +128% |
| Other amounts payable | 47/48 | €642 | €1,939 | +€1,297 | +202% |
| Accrued charges and deferred income | 492/3 | €351,392 | €579,251 | +€227,859 | +64.8% |
| Non-recurring operating income | 76A | €29,588 | - | -€29,588 | |
| Remuneration, social security and pensions | 62 | €384,833 | €863,936 | +€479,103 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,145 | €235,331 | +€20,186 | +9.4% |
| Other operating charges | 640/8 | €2,467 | €2,336 | -€131 | -5.3% |
| Gross operating margin | 9900 | €1,210,337 | €215,400 | -€994,937 | -82.2% |
| Operating profit (loss) | 9901 | €607,892 | -€886,203 | -€1.5m | |
| Financial income | 75/76B | €37,723 | €37,380 | -€343 | -0.9% |
| Recurring financial income | 75 | €37,723 | €37,380 | -€343 | -0.9% |
| Financial charges | 65/66B | €362,066 | €284,027 | -€78,039 | -21.6% |
| Recurring financial charges | 65 | €362,066 | €284,027 | -€78,039 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €283,549 | -€1,132,850 | -€1.4m | |
| Income taxes | 67/77 | -€27,013 | -€21,128 | +€5,885 | +21.8% |
| Profit (loss) for the period | 9904 | €310,562 | -€1,111,722 | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €310,562 | -€1,111,722 | -€1.4m |
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.