SPARHOF: 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
SPARHOF
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€42,700
2024 · €71,030-€28,330
Equity
€222,149
2024 · €179,449+€42,700
Cash
€53,247
2024 · €52,496+€751
Balance sheet total
€1.3m
2024 · €1.4m-€24,940
Largest movements
Assets
- Tangible fixed assets -€26,965
down €26,965 (-2.1%), from €1.3m to €1.2m
of which Other tangible fixed assets: -€34,460
Equity and liabilities
- Debts after one year -€104,913
down €104,913 (-18.9%), from €556,145 to €451,233
- Reserves +€42,700
up €42,700 (+26.5%), from €160,849 to €203,549
- Other debts +€22,280
up €22,280 (+4.8%), from €468,589 to €490,869
Income statement
- Staff costs +€40,073
up €40,073 (+23.3%), from €172,242 to €212,315
- Taxes -€8,405
down €8,405 (-31.4%), from €26,737 to €18,332
- Gross operating margin +€7,035
up €7,035 (+1.8%), from €393,209 to €400,244
- Depreciation +€5,784
up €5,784 (+5.6%), from €102,681 to €108,466
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
€71,030
Gross operating margin
+€7,035
Staff costs
-€40,073
Depreciation
-€5,784
Other operating charges
+€217
Financial income
+€368
Financial charges
+€1,502
Taxes
+€8,405
Result 2025
€42,700
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
+€169,950
Investment
-€74,001
Financing
-€95,199
Cash 2024
€52,496
From operations (derived)
+€169,950
Net result for the year
+€42,700
Depreciation
+€108,466
Stocks and contracts
-€3,172
Receivables within one year
-€699
Deferred charges and accrued income
-€4,903
Trade debts
+€6,773
Tax, wage and social debts
+€1,272
Advances received
-€1,591
Other debts
+€22,280
Accrued charges and deferred income
-€1,176
Investment (derived)
-€74,001
Investment in fixed assets (net)
-€74,001
Financing
-€95,199
Debts after one year
-€104,913
Current portion of long-term debt
+€9,714
Cash 2025
€53,247
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,372,858 | €1,347,918 | -€24,940 | -1.8% |
| Fixed assets | 21/28 | €1,275,168 | €1,240,703 | -€34,465 | -2.7% |
| Intangible fixed assets | 21 | €17,500 | €10,000 | -€7,500 | -42.9% |
| Tangible fixed assets | 22/27 | €1,256,918 | €1,229,953 | -€26,965 | -2.1% |
| Land and buildings | 22 | €492,267 | €463,867 | -€28,400 | -5.8% |
| Plant, machinery and equipment | 23 | €92,572 | €84,355 | -€8,217 | -8.9% |
| Furniture and vehicles | 24 | €38,389 | €82,501 | +€44,112 | +115% |
| Other tangible fixed assets | 26 | €633,690 | €599,230 | -€34,460 | -5.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €97,690 | €107,215 | +€9,525 | +9.8% |
| Stocks and contracts in progress | 3 | €31,609 | €34,781 | +€3,172 | +10.0% |
| Stocks | 30/36 | €31,609 | €34,781 | +€3,172 | +10.0% |
| Amounts receivable within one year | 40/41 | €10,449 | €11,148 | +€699 | +6.7% |
| Trade receivables | 40 | €320 | €166 | -€154 | -48.0% |
| Other amounts receivable | 41 | €10,129 | €10,981 | +€852 | +8.4% |
| Cash at bank and in hand | 54/58 | €52,496 | €53,247 | +€751 | +1.4% |
| Deferred charges and accrued income | 490/1 | €3,136 | €8,039 | +€4,903 | +156% |
| Total equity and liabilities | 10/49 | €1,372,858 | €1,347,918 | -€24,940 | -1.8% |
| Equity | 10/15 | €179,449 | €222,149 | +€42,700 | +23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,849 | €203,549 | +€42,700 | +26.5% |
| Distributable reserves | 133 | €160,849 | €203,549 | +€42,700 | +26.5% |
| Amounts payable | 17/49 | €1,193,409 | €1,125,768 | -€67,641 | -5.7% |
| Amounts payable after more than one year | 17 | €556,145 | €451,233 | -€104,913 | -18.9% |
| Financial debts | 170/4 | €556,145 | €451,233 | -€104,913 | -18.9% |
| Amounts payable within one year | 42/48 | €634,491 | €672,939 | +€38,448 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €95,199 | €104,913 | +€9,714 | +10.2% |
| Trade debts | 44 | €13,782 | €20,554 | +€6,773 | +49.1% |
| Suppliers | 440/4 | €13,782 | €20,554 | +€6,773 | +49.1% |
| Advances received on contracts in progress | 46 | €28,400 | €26,810 | -€1,591 | -5.6% |
| Taxes, remuneration and social security | 45 | €28,522 | €29,794 | +€1,272 | +4.5% |
| Taxes | 450/3 | €12,775 | €12,366 | -€409 | -3.2% |
| Remuneration and social security | 454/9 | €15,747 | €17,428 | +€1,681 | +10.7% |
| Other amounts payable | 47/48 | €468,589 | €490,869 | +€22,280 | +4.8% |
| Accrued charges and deferred income | 492/3 | €2,773 | €1,597 | -€1,176 | -42.4% |
| Remuneration, social security and pensions | 62 | €172,242 | €212,315 | +€40,073 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,681 | €108,466 | +€5,784 | +5.6% |
| Other operating charges | 640/8 | €3,378 | €3,161 | -€217 | -6.4% |
| Gross operating margin | 9900 | €393,209 | €400,244 | +€7,035 | +1.8% |
| Operating profit (loss) | 9901 | €114,907 | €76,303 | -€38,605 | -33.6% |
| Financial income | 75/76B | €24 | €392 | +€368 | +1,530% |
| Recurring financial income | 75 | €24 | €392 | +€368 | +1,530% |
| Financial charges | 65/66B | €17,164 | €15,662 | -€1,502 | -8.8% |
| Recurring financial charges | 65 | €17,164 | €15,662 | -€1,502 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €97,767 | €61,033 | -€36,735 | -37.6% |
| Income taxes | 67/77 | €26,737 | €18,332 | -€8,405 | -31.4% |
| Profit (loss) for the period | 9904 | €71,030 | €42,700 | -€28,330 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,030 | €42,700 | -€28,330 | -39.9% |
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 20 October 2026 via checked.be.