SPARROW ESTATE: 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 ESTATE
Largest movements
- Tangible fixed assets +€72,697
up €72,697 (+79.2%), from €91,795 to €164,492
- Cash +€24,832
up €24,832 (+68.9%), from €36,042 to €60,874
mainly Other debts (+€44,625) and Net result for the year (+€33,894)
- Receivables within one year -€5,027
down €5,027 (-42.8%), from €11,737 to €6,710
of which Trade receivables: -€5,082
- Other debts +€44,625
up €44,625 (+54.1%), from €82,438 to €127,063
- Profit (loss) carried forward +€33,894
up €33,894 (+94.4%), from €35,903 to €69,797
- Tax, wage and social debts +€8,903
up €8,903 (+80.4%), from €11,067 to €19,970
- Trade debts +€5,351
up €5,351 (+1,010%), from €530 to €5,881
- Gross operating margin +€6,430
up €6,430 (+13.6%), from €47,166 to €53,596
- Depreciation +€5,275
up €5,275 (+211%), from €2,498 to €7,773
- Financial charges +€2,771
up €2,771 (+204%), from €1,355 to €4,126
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 | €139,758 | €232,531 | +€92,773 | +66.4% |
| Fixed assets | 21/28 | €91,795 | €164,492 | +€72,697 | +79.2% |
| Tangible fixed assets | 22/27 | €91,795 | €164,492 | +€72,697 | +79.2% |
| Land and buildings | 22 | €91,795 | €164,492 | +€72,697 | +79.2% |
| Current assets | 29/58 | €47,963 | €68,039 | +€20,076 | +41.9% |
| Amounts receivable within one year | 40/41 | €11,737 | €6,710 | -€5,027 | -42.8% |
| Trade receivables | 40 | €11,737 | €6,655 | -€5,082 | -43.3% |
| Other amounts receivable | 41 | - | €55 | +€55 | |
| Cash at bank and in hand | 54/58 | €36,042 | €60,874 | +€24,832 | +68.9% |
| Deferred charges and accrued income | 490/1 | €185 | €455 | +€270 | +146% |
| Total equity and liabilities | 10/49 | €139,758 | €232,531 | +€92,773 | +66.4% |
| Equity | 10/15 | €44,903 | €78,797 | +€33,894 | +75.5% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,903 | €69,797 | +€33,894 | +94.4% |
| Amounts payable | 17/49 | €94,855 | €153,734 | +€58,879 | +62.1% |
| Amounts payable within one year | 42/48 | €94,035 | €152,914 | +€58,879 | +62.6% |
| Trade debts | 44 | €530 | €5,881 | +€5,351 | +1,010% |
| Suppliers | 440/4 | €530 | €5,881 | +€5,351 | +1,010% |
| Taxes, remuneration and social security | 45 | €11,067 | €19,970 | +€8,903 | +80.4% |
| Taxes | 450/3 | €11,067 | €19,970 | +€8,903 | +80.4% |
| Other amounts payable | 47/48 | €82,438 | €127,063 | +€44,625 | +54.1% |
| Accrued charges and deferred income | 492/3 | €820 | €820 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,498 | €7,773 | +€5,275 | +211% |
| Other operating charges | 640/8 | €218 | €702 | +€484 | +222% |
| Gross operating margin | 9900 | €47,166 | €53,596 | +€6,430 | +13.6% |
| Operating profit (loss) | 9901 | €44,449 | €45,121 | +€672 | +1.5% |
| Financial income | 75/76B | €37 | €184 | +€147 | +404% |
| Recurring financial income | 75 | €37 | €184 | +€147 | +404% |
| Financial charges | 65/66B | €1,355 | €4,126 | +€2,771 | +204% |
| Recurring financial charges | 65 | €1,355 | €4,126 | +€2,771 | +204% |
| Profit (loss) for the period before taxes | 9903 | €43,131 | €41,179 | -€1,952 | -4.5% |
| Income taxes | 67/77 | €7,228 | €7,285 | +€57 | +0.8% |
| Profit (loss) for the period | 9904 | €35,903 | €33,894 | -€2,009 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,903 | €33,894 | -€2,009 | -5.6% |
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.