SPARXIS: 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.
SPARXIS
Largest movements
- Receivables within one year -€84,041
down €84,041 (-17.8%), from €472,442 to €388,401
of which Trade receivables: -€79,307
- Cash +€39,470
up €39,470 (+56.3%), from €70,101 to €109,571
mainly Receivables within one year (+€84,041) and Depreciation (+€17,981)
- Tangible fixed assets -€17,981
down €17,981 (-37.1%), from €48,422 to €30,441
of which Furniture and vehicles: -€16,638
- Reserves -€41,515
down €41,515 (-13.1%), from €317,305 to €275,790
of which Distributable reserves: -€41,515
- Accrued charges and deferred income -€14,795
down €14,795 (-51.6%), from €28,658 to €13,863
- Debts after one year -€11,122
down €11,122 (-3.5%), from €321,122 to €310,000
- Trade debts +€7,856
up €7,856 (+270%), from €2,910 to €10,767
- Gross operating margin +€29,624
up €29,624, from -€18,218 to €11,407
- Staff costs +€24,246
up €24,246 (+2,229%), from €1,088 to €25,334
- Financial income +€647
up €647 (+14.6%), from €4,429 to €5,075
- Depreciation -€517
down €517 (-2.8%), from €18,498 to €17,981
- Other operating charges -€396
down €396 (-13.0%), from €3,040 to €2,644
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 | €757,119 | €698,561 | -€58,558 | -7.7% |
| Fixed assets | 21/28 | €54,435 | €36,486 | -€17,950 | -33.0% |
| Tangible fixed assets | 22/27 | €48,422 | €30,441 | -€17,981 | -37.1% |
| Plant, machinery and equipment | 23 | €2,920 | €1,577 | -€1,344 | -46.0% |
| Furniture and vehicles | 24 | €45,502 | €28,864 | -€16,638 | -36.6% |
| Financial fixed assets | 28 | €6,013 | €6,045 | +€32 | +0.5% |
| Current assets | 29/58 | €702,684 | €662,075 | -€40,608 | -5.8% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €472,442 | €388,401 | -€84,041 | -17.8% |
| Trade receivables | 40 | €463,393 | €384,086 | -€79,307 | -17.1% |
| Other amounts receivable | 41 | €9,049 | €4,315 | -€4,734 | -52.3% |
| Cash at bank and in hand | 54/58 | €70,101 | €109,571 | +€39,470 | +56.3% |
| Deferred charges and accrued income | 490/1 | €10,141 | €14,104 | +€3,963 | +39.1% |
| Total equity and liabilities | 10/49 | €757,119 | €698,561 | -€58,558 | -7.7% |
| Equity | 10/15 | €378,805 | €337,290 | -€41,515 | -11.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €317,305 | €275,790 | -€41,515 | -13.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €311,155 | €269,640 | -€41,515 | -13.3% |
| Amounts payable | 17/49 | €378,314 | €361,271 | -€17,043 | -4.5% |
| Amounts payable after more than one year | 17 | €321,122 | €310,000 | -€11,122 | -3.5% |
| Financial debts | 170/4 | €321,122 | €310,000 | -€11,122 | -3.5% |
| Amounts payable within one year | 42/48 | €28,534 | €37,408 | +€8,873 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €14,588 | €11,122 | -€3,466 | -23.8% |
| Trade debts | 44 | €2,910 | €10,767 | +€7,856 | +270% |
| Suppliers | 440/4 | €2,910 | €10,767 | +€7,856 | +270% |
| Taxes, remuneration and social security | 45 | €10,868 | €15,351 | +€4,483 | +41.2% |
| Taxes | 450/3 | €6,595 | €10,335 | +€3,740 | +56.7% |
| Remuneration and social security | 454/9 | €4,273 | €5,016 | +€743 | +17.4% |
| Other amounts payable | 47/48 | €168 | €168 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €28,658 | €13,863 | -€14,795 | -51.6% |
| Remuneration, social security and pensions | 62 | €1,088 | €25,334 | +€24,246 | +2,229% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,498 | €17,981 | -€517 | -2.8% |
| Other operating charges | 640/8 | €3,040 | €2,644 | -€396 | -13.0% |
| Gross operating margin | 9900 | -€18,218 | €11,407 | +€29,624 | |
| Operating profit (loss) | 9901 | -€40,844 | -€34,553 | +€6,291 | +15.4% |
| Financial income | 75/76B | €4,429 | €5,075 | +€647 | +14.6% |
| Recurring financial income | 75 | €4,429 | €5,075 | +€647 | +14.6% |
| Financial charges | 65/66B | €11,017 | €11,122 | +€104 | +0.9% |
| Recurring financial charges | 65 | €11,017 | €11,122 | +€104 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€47,432 | -€40,599 | +€6,834 | +14.4% |
| Income taxes | 67/77 | €981 | €916 | -€65 | -6.6% |
| Profit (loss) for the period | 9904 | -€48,413 | -€41,515 | +€6,898 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,413 | -€41,515 | +€6,898 | +14.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.