SPARROW CONSTRUCT: 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.
SPARROW CONSTRUCT
Largest movements
- Tangible fixed assets +€3.4m
up €3.4m (+129.6%), from €2.6m to €6.0m
of which Land and buildings: +€3.4m
- Receivables within one year +€78,161
up €78,161 (+373.5%), from €20,927 to €99,089
of which Trade receivables: +€77,442
- Debts after one year +€3.4m
up €3.4m (+259.0%), from €1.3m to €4.8m
- Current portion of long-term debt +€216,667
up €216,667 (+231.1%), from €93,750 to €310,417
- Profit (loss) carried forward -€170,271
down €170,271 (-82.4%), from -€206,518 to -€376,789
- Depreciation +€317,531
up €317,531 (+580.1%), from €54,735 to €372,266
- Gross operating margin +€259,810
up €259,810 (+218.2%), from €119,075 to €378,885
- Financial charges +€100,313
up €100,313 (+232.4%), from €43,160 to €143,472
- Other operating charges +€22,670
up €22,670 (+210.9%), from €10,748 to €33,417
From the 31-12-2024 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,691,697 | €6,173,429 | +€3.5m | +129.4% |
| Fixed assets | 21/28 | €2,621,916 | €6,020,347 | +€3.4m | +129.6% |
| Tangible fixed assets | 22/27 | €2,621,416 | €6,019,847 | +€3.4m | +129.6% |
| Land and buildings | 22 | €2,621,416 | €6,019,847 | +€3.4m | +129.6% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €69,781 | €153,082 | +€83,301 | +119.4% |
| Amounts receivable within one year | 40/41 | €20,927 | €99,089 | +€78,161 | +373.5% |
| Trade receivables | 40 | €20,927 | €98,369 | +€77,442 | +370.1% |
| Other amounts receivable | 41 | €0 | €720 | +€720 | |
| Cash at bank and in hand | 54/58 | €48,774 | €53,994 | +€5,220 | +10.7% |
| Deferred charges and accrued income | 490/1 | €80 | €0 | -€80 | -100.0% |
| Total equity and liabilities | 10/49 | €2,691,697 | €6,173,429 | +€3.5m | +129.4% |
| Equity | 10/15 | €1,240,482 | €1,070,211 | -€170,271 | -13.7% |
| Contributions | 10/11 | €1,445,000 | €1,445,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,518 | -€376,789 | -€170,271 | -82.4% |
| Amounts payable | 17/49 | €1,451,215 | €5,103,218 | +€3.7m | +251.7% |
| Amounts payable after more than one year | 17 | €1,325,000 | €4,756,250 | +€3.4m | +259.0% |
| Financial debts | 170/4 | €1,325,000 | €4,756,250 | +€3.4m | +259.0% |
| Amounts payable within one year | 42/48 | €112,414 | €317,517 | +€205,103 | +182.5% |
| Current portion of amounts payable after more than one year | 42 | €93,750 | €310,417 | +€216,667 | +231.1% |
| Trade debts | 44 | €820 | €7,100 | +€6,280 | +766.0% |
| Suppliers | 440/4 | €820 | €7,100 | +€6,280 | +766.0% |
| Other amounts payable | 47/48 | €17,844 | €0 | -€17,844 | -100.0% |
| Accrued charges and deferred income | 492/3 | €13,801 | €29,451 | +€15,650 | +113.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,735 | €372,266 | +€317,531 | +580.1% |
| Other operating charges | 640/8 | €10,748 | €33,417 | +€22,670 | +210.9% |
| Gross operating margin | 9900 | €119,075 | €378,885 | +€259,810 | +218.2% |
| Operating profit (loss) | 9901 | €53,592 | -€26,798 | -€80,390 | |
| Financial income | 75/76B | €1,097 | €0 | -€1,097 | -100.0% |
| Recurring financial income | 75 | €1,097 | €0 | -€1,097 | -100.0% |
| Financial charges | 65/66B | €43,160 | €143,472 | +€100,313 | +232.4% |
| Recurring financial charges | 65 | €43,160 | €143,472 | +€100,313 | +232.4% |
| Profit (loss) for the period before taxes | 9903 | €11,530 | -€170,271 | -€181,800 | |
| Profit (loss) for the period | 9904 | €11,530 | -€170,271 | -€181,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,530 | -€170,271 | -€181,800 |
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 9 October 2026 via checked.be.