WILL SPARKS: what changed
WILL SPARKS
Largest movements
- Cash -€122,431
down €122,431 (-59.3%), from €206,404 to €83,973
mainly Contributions, distributions and other (-€217,000) and Receivables within one year (-€54,262)
- Receivables after one year -€90,000
no longer reported in 2025 (was €90,000)
- Receivables within one year +€54,262
up €54,262 (+31.4%), from €172,569 to €226,831
of which Other amounts receivable: +€64,262
- Current investments +€43,347
up €43,347 (+9.6%), from €452,835 to €496,182
- Deferred charges and accrued income -€11,317
down €11,317 (-97.7%), from €11,585 to €268
- Reserves -€97,000
down €97,000 (-13.6%), from €714,360 to €617,360
of which Distributable reserves: -€97,000
- Tax, wage and social debts -€27,300
down €27,300 (-46.9%), from €58,211 to €30,912
- Gross operating margin -€79,966
down €79,966 (-32.1%), from €249,190 to €169,224
- Taxes -€23,642
down €23,642 (-31.9%), from €74,180 to €50,538
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €934,099 | €808,387 | -€125,711 | -13.5% |
| Fixed assets | 21/28 | €705 | €1,134 | +€429 | +60.8% |
| Tangible fixed assets | 22/27 | €705 | €1,134 | +€429 | +60.8% |
| Furniture and vehicles | 24 | €705 | €1,134 | +€429 | +60.8% |
| Current assets | 29/58 | €933,394 | €807,253 | -€126,140 | -13.5% |
| Amounts receivable after more than one year | 29 | €90,000 | - | -€90,000 | |
| Other amounts receivable | 291 | €90,000 | - | -€90,000 | |
| Amounts receivable within one year | 40/41 | €172,569 | €226,831 | +€54,262 | +31.4% |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €162,569 | €226,831 | +€64,262 | +39.5% |
| Current investments | 50/53 | €452,835 | €496,182 | +€43,347 | +9.6% |
| Cash at bank and in hand | 54/58 | €206,404 | €83,973 | -€122,431 | -59.3% |
| Deferred charges and accrued income | 490/1 | €11,585 | €268 | -€11,317 | -97.7% |
| Total equity and liabilities | 10/49 | €934,099 | €808,387 | -€125,711 | -13.5% |
| Equity | 10/15 | €867,564 | €773,069 | -€94,495 | -10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €714,360 | €617,360 | -€97,000 | -13.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €712,500 | €615,500 | -€97,000 | -13.6% |
| Profit (loss) carried forward | 14 | €140,804 | €143,309 | +€2,505 | +1.8% |
| Amounts payable | 17/49 | €66,534 | €35,318 | -€31,216 | -46.9% |
| Amounts payable within one year | 42/48 | €66,534 | €35,318 | -€31,216 | -46.9% |
| Trade debts | 44 | €8,323 | €4,407 | -€3,916 | -47.1% |
| Suppliers | 440/4 | €8,323 | €4,407 | -€3,916 | -47.1% |
| Taxes, remuneration and social security | 45 | €58,211 | €30,912 | -€27,300 | -46.9% |
| Taxes | 450/3 | €58,211 | €30,912 | -€27,300 | -46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €414 | -€236 | -36.3% |
| Other operating charges | 640/8 | €421 | €694 | +€273 | +64.9% |
| Gross operating margin | 9900 | €249,190 | €169,224 | -€79,966 | -32.1% |
| Operating profit (loss) | 9901 | €248,119 | €168,116 | -€80,003 | -32.2% |
| Financial income | 75/76B | €4,473 | €5,348 | +€875 | +19.6% |
| Recurring financial income | 75 | €4,473 | €5,348 | +€875 | +19.6% |
| Financial charges | 65/66B | €155 | €421 | +€265 | +171% |
| Recurring financial charges | 65 | €155 | €421 | +€265 | +171% |
| Profit (loss) for the period before taxes | 9903 | €252,437 | €173,043 | -€79,393 | -31.5% |
| Income taxes | 67/77 | €74,180 | €50,538 | -€23,642 | -31.9% |
| Profit (loss) for the period | 9904 | €178,257 | €122,505 | -€55,752 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €178,257 | €122,505 | -€55,752 | -31.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.