SPARX: 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.
SPARX
Largest movements
- Receivables within one year -€6,260
down €6,260 (-66.5%), from €9,414 to €3,155
of which Trade receivables: -€6,260
- Tangible fixed assets +€606
up €606 (+22.1%), from €2,740 to €3,346
of which Plant, machinery and equipment: +€612
- Cash -€251
down €251 (-12.3%), from €2,034 to €1,783
mainly Net result for the year (-€6,568) and Tax, wage and social debts (-€1,742)
- Profit (loss) carried forward -€6,568
down €6,568, from €4,053 to -€2,514
- Trade debts +€2,406
up €2,406 (+2,477%), from €97 to €2,503
- Tax, wage and social debts -€1,742
down €1,742 (-68.1%), from €2,556 to €814
- Gross operating margin -€8,733
down €8,733, from €3,230 to -€5,503
- Depreciation -€829
down €829 (-67.8%), from €1,223 to €394
- Other operating charges +€400
up €400 (+645%), from €62 to €462
- Taxes -€392
no longer reported in 2025 (was €392)
- Financial charges -€103
down €103 (-33.0%), from €312 to €209
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 | €19,188 | €13,284 | -€5,904 | -30.8% |
| Fixed assets | 21/28 | €7,740 | €8,346 | +€606 | +7.8% |
| Tangible fixed assets | 22/27 | €2,740 | €3,346 | +€606 | +22.1% |
| Plant, machinery and equipment | 23 | €2,734 | €3,346 | +€612 | +22.4% |
| Furniture and vehicles | 24 | €6 | €0 | -€6 | -100% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €11,448 | €4,938 | -€6,510 | -56.9% |
| Amounts receivable within one year | 40/41 | €9,414 | €3,155 | -€6,260 | -66.5% |
| Trade receivables | 40 | €7,658 | €1,398 | -€6,260 | -81.7% |
| Other amounts receivable | 41 | €1,757 | €1,757 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,034 | €1,783 | -€251 | -12.3% |
| Total equity and liabilities | 10/49 | €19,188 | €13,284 | -€5,904 | -30.8% |
| Equity | 10/15 | €9,053 | €2,486 | -€6,568 | -72.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,053 | -€2,514 | -€6,568 | |
| Amounts payable | 17/49 | €10,135 | €10,799 | +€664 | +6.6% |
| Amounts payable within one year | 42/48 | €9,760 | €10,424 | +€664 | +6.8% |
| Trade debts | 44 | €97 | €2,503 | +€2,406 | +2,477% |
| Suppliers | 440/4 | €97 | €2,503 | +€2,406 | +2,477% |
| Taxes, remuneration and social security | 45 | €2,556 | €814 | -€1,742 | -68.1% |
| Taxes | 450/3 | €2,556 | €814 | -€1,742 | -68.1% |
| Other amounts payable | 47/48 | €7,107 | €7,107 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €375 | €375 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,223 | €394 | -€829 | -67.8% |
| Other operating charges | 640/8 | €62 | €462 | +€400 | +645% |
| Gross operating margin | 9900 | €3,230 | -€5,503 | -€8,733 | |
| Operating profit (loss) | 9901 | €1,945 | -€6,359 | -€8,304 | |
| Financial charges | 65/66B | €312 | €209 | -€103 | -33.0% |
| Recurring financial charges | 65 | €312 | €209 | -€103 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €1,633 | -€6,568 | -€8,201 | |
| Income taxes | 67/77 | €392 | - | -€392 | |
| Profit (loss) for the period | 9904 | €1,241 | -€6,568 | -€7,809 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,241 | -€6,568 | -€7,809 |
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 15 October 2026 via checked.be.