SPARRENBOS: 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.
SPARRENBOS
Largest movements
- Cash +€116,871
up €116,871 (+78.8%), from €148,370 to €265,241
mainly Net result for the year (+€110,478) and Stocks and contracts (+€69,051)
- Stocks and contracts -€69,051
no longer reported in 2025 (was €69,051)
- Tangible fixed assets -€14,655
down €14,655 (-11.8%), from €124,004 to €109,349
of which Other tangible fixed assets: -€9,894
- Receivables within one year +€14,051
up €14,051 (+11.2%), from €125,946 to €139,996
of which Other amounts receivable: +€30,195
- Intangible fixed assets -€13,744
down €13,744 (-24.5%), from €56,120 to €42,376
- Profit (loss) carried forward +€110,478
up €110,478 (+198%), from €55,704 to €166,182
- Debts after one year -€59,567
down €59,567 (-38.4%), from €155,164 to €95,598
- Trade debts -€50,818
down €50,818 (-29.8%), from €170,527 to €119,709
- Tax, wage and social debts +€28,548
up €28,548 (+59.6%), from €47,924 to €76,471
of which Taxes: +€30,784
- Current portion of long-term debt +€17,317
up €17,317 (+53.4%), from €32,451 to €49,768
- Gross operating margin +€80,970
up €80,970 (+14.4%), from €563,098 to €644,068
- Staff costs +€76,607
up €76,607 (+22.4%), from €342,389 to €418,996
- Taxes +€32,267
up €32,267, from -€48 to €32,219
- Write-downs -€28,927
no longer reported in 2025 (was €28,927)
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 | €532,901 | €574,708 | +€41,808 | +7.8% |
| Fixed assets | 21/28 | €180,124 | €151,725 | -€28,399 | -15.8% |
| Intangible fixed assets | 21 | €56,120 | €42,376 | -€13,744 | -24.5% |
| Tangible fixed assets | 22/27 | €124,004 | €109,349 | -€14,655 | -11.8% |
| Plant, machinery and equipment | 23 | €80,253 | €73,931 | -€6,322 | -7.9% |
| Furniture and vehicles | 24 | €2,534 | €4,095 | +€1,561 | +61.6% |
| Other tangible fixed assets | 26 | €41,217 | €31,323 | -€9,894 | -24.0% |
| Current assets | 29/58 | €352,777 | €422,983 | +€70,206 | +19.9% |
| Stocks and contracts in progress | 3 | €69,051 | - | -€69,051 | |
| Stocks | 30/36 | €69,051 | - | -€69,051 | |
| Amounts receivable within one year | 40/41 | €125,946 | €139,996 | +€14,051 | +11.2% |
| Trade receivables | 40 | €102,315 | €86,171 | -€16,144 | -15.8% |
| Other amounts receivable | 41 | €23,630 | €53,825 | +€30,195 | +128% |
| Cash at bank and in hand | 54/58 | €148,370 | €265,241 | +€116,871 | +78.8% |
| Deferred charges and accrued income | 490/1 | €9,410 | €17,746 | +€8,336 | +88.6% |
| Total equity and liabilities | 10/49 | €532,901 | €574,708 | +€41,808 | +7.8% |
| Equity | 10/15 | €105,704 | €216,182 | +€110,478 | +105% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,704 | €166,182 | +€110,478 | +198% |
| Amounts payable | 17/49 | €427,197 | €358,526 | -€68,671 | -16.1% |
| Amounts payable after more than one year | 17 | €155,164 | €95,598 | -€59,567 | -38.4% |
| Financial debts | 170/4 | €155,164 | €95,598 | -€59,567 | -38.4% |
| Amounts payable within one year | 42/48 | €265,833 | €245,948 | -€19,885 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €32,451 | €49,768 | +€17,317 | +53.4% |
| Trade debts | 44 | €170,527 | €119,709 | -€50,818 | -29.8% |
| Suppliers | 440/4 | €170,527 | €119,709 | -€50,818 | -29.8% |
| Taxes, remuneration and social security | 45 | €47,924 | €76,471 | +€28,548 | +59.6% |
| Taxes | 450/3 | €18,449 | €49,233 | +€30,784 | +167% |
| Remuneration and social security | 454/9 | €29,475 | €27,239 | -€2,236 | -7.6% |
| Other amounts payable | 47/48 | €14,932 | - | -€14,932 | |
| Accrued charges and deferred income | 492/3 | €6,199 | €16,980 | +€10,781 | +174% |
| Remuneration, social security and pensions | 62 | €342,389 | €418,996 | +€76,607 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,966 | €53,422 | +€3,457 | +6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,927 | - | -€28,927 | |
| Other operating charges | 640/8 | €5,615 | €6,218 | +€603 | +10.7% |
| Gross operating margin | 9900 | €563,098 | €644,068 | +€80,970 | +14.4% |
| Operating profit (loss) | 9901 | €136,201 | €165,431 | +€29,230 | +21.5% |
| Financial income | 75/76B | €598 | €2,365 | +€1,766 | +295% |
| Recurring financial income | 75 | €598 | €2,365 | +€1,766 | +295% |
| Financial charges | 65/66B | €21,108 | €25,099 | +€3,991 | +18.9% |
| Recurring financial charges | 65 | €21,108 | €25,099 | +€3,991 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €115,691 | €142,697 | +€27,006 | +23.3% |
| Income taxes | 67/77 | -€48 | €32,219 | +€32,267 | |
| Profit (loss) for the period | 9904 | €115,739 | €110,478 | -€5,261 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €115,739 | €110,478 | -€5,261 | -4.5% |
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.