SPARHOEVE: 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.
SPARHOEVE
Largest movements
- Receivables within one year +€107,419
up €107,419 (+46.2%), from €232,696 to €340,115
of which Trade receivables: +€92,294
- Tangible fixed assets -€73,399
down €73,399 (-12.5%), from €587,896 to €514,497
of which Land and buildings: -€51,980
- Stocks and contracts +€58,612
up €58,612 (+41.9%), from €139,808 to €198,420
- Cash -€45,926
down €45,926 (-8.2%), from €559,142 to €513,216
mainly Receivables within one year (-€107,419) and Stocks and contracts (-€58,612)
- Reserves +€93,000
up €93,000 (+10.4%), from €890,200 to €983,200
of which Distributable reserves: +€93,000
- Debts after one year -€27,629
down €27,629 (-18.6%), from €148,397 to €120,769
- Gross operating margin -€108,457
down €108,457 (-17.7%), from €613,899 to €505,442
- Taxes -€49,889
down €49,889 (-63.9%), from €78,058 to €28,169
- Staff costs +€16,995
up €16,995 (+6.7%), from €252,399 to €269,394
- Depreciation +€10,443
up €10,443 (+12.0%), from €87,100 to €97,543
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 | €1,535,218 | €1,586,347 | +€51,129 | +3.3% |
| Fixed assets | 21/28 | €588,516 | €515,117 | -€73,399 | -12.5% |
| Tangible fixed assets | 22/27 | €587,896 | €514,497 | -€73,399 | -12.5% |
| Land and buildings | 22 | €447,912 | €395,931 | -€51,980 | -11.6% |
| Plant, machinery and equipment | 23 | €29,679 | €35,580 | +€5,901 | +19.9% |
| Furniture and vehicles | 24 | €110,304 | €82,985 | -€27,319 | -24.8% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €946,702 | €1,071,231 | +€124,528 | +13.2% |
| Stocks and contracts in progress | 3 | €139,808 | €198,420 | +€58,612 | +41.9% |
| Stocks | 30/36 | €139,808 | €198,420 | +€58,612 | +41.9% |
| Amounts receivable within one year | 40/41 | €232,696 | €340,115 | +€107,419 | +46.2% |
| Trade receivables | 40 | €212,954 | €305,248 | +€92,294 | +43.3% |
| Other amounts receivable | 41 | €19,742 | €34,867 | +€15,125 | +76.6% |
| Cash at bank and in hand | 54/58 | €559,142 | €513,216 | -€45,926 | -8.2% |
| Deferred charges and accrued income | 490/1 | €15,056 | €19,480 | +€4,423 | +29.4% |
| Total equity and liabilities | 10/49 | €1,535,218 | €1,586,347 | +€51,129 | +3.3% |
| Equity | 10/15 | €965,616 | €1,058,223 | +€92,607 | +9.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €890,200 | €983,200 | +€93,000 | +10.4% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,700 | €15,700 | = | 0.0% |
| Distributable reserves | 133 | €867,000 | €960,000 | +€93,000 | +10.7% |
| Profit (loss) carried forward | 14 | €416 | €23 | -€393 | -94.5% |
| Provisions and deferred taxes | 16 | €11,200 | €12,800 | +€1,600 | +14.3% |
| Provisions for liabilities and charges | 160/5 | €11,200 | €12,800 | +€1,600 | +14.3% |
| Environmental obligations | 163 | €11,200 | - | -€11,200 | |
| Other liabilities and charges | 164/5 | - | €12,800 | +€12,800 | |
| Amounts payable | 17/49 | €558,402 | €515,324 | -€43,078 | -7.7% |
| Amounts payable after more than one year | 17 | €148,397 | €120,769 | -€27,629 | -18.6% |
| Financial debts | 170/4 | €148,397 | €120,769 | -€27,629 | -18.6% |
| Amounts payable within one year | 42/48 | €399,149 | €383,363 | -€15,786 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €27,593 | €27,629 | +€36 | +0.1% |
| Trade debts | 44 | €269,878 | €263,335 | -€6,543 | -2.4% |
| Suppliers | 440/4 | €269,878 | €263,335 | -€6,543 | -2.4% |
| Taxes, remuneration and social security | 45 | €74,326 | €64,604 | -€9,722 | -13.1% |
| Taxes | 450/3 | €48,081 | €27,673 | -€20,408 | -42.4% |
| Remuneration and social security | 454/9 | €26,245 | €36,930 | +€10,686 | +40.7% |
| Other amounts payable | 47/48 | €27,353 | €27,796 | +€444 | +1.6% |
| Accrued charges and deferred income | 492/3 | €10,855 | €11,192 | +€337 | +3.1% |
| Non-recurring operating income | 76A | - | €19,636 | +€19,636 | |
| Remuneration, social security and pensions | 62 | €252,399 | €269,394 | +€16,995 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,100 | €97,543 | +€10,443 | +12.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,600 | €1,600 | = | 0.0% |
| Other operating charges | 640/8 | €14,369 | €14,730 | +€362 | +2.5% |
| Non-recurring operating charges | 66A | - | €75 | +€75 | |
| Gross operating margin | 9900 | €613,899 | €505,442 | -€108,457 | -17.7% |
| Operating profit (loss) | 9901 | €258,431 | €122,099 | -€136,332 | -52.8% |
| Financial income | 75/76B | €3,989 | €7,483 | +€3,494 | +87.6% |
| Recurring financial income | 75 | €3,989 | €7,483 | +€3,494 | +87.6% |
| Financial charges | 65/66B | €9,233 | €8,806 | -€428 | -4.6% |
| Recurring financial charges | 65 | €9,233 | €8,806 | -€428 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €253,187 | €120,776 | -€132,411 | -52.3% |
| Income taxes | 67/77 | €78,058 | €28,169 | -€49,889 | -63.9% |
| Profit (loss) for the period | 9904 | €175,129 | €92,607 | -€82,522 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €175,129 | €92,607 | -€82,522 | -47.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.