diff --git a/src/newgrf.cpp b/src/newgrf.cpp
index 35090474ff..9b2aafce2e 100644
--- a/src/newgrf.cpp
+++ b/src/newgrf.cpp
@@ -5545,7 +5545,7 @@ void LoadNewGRF(uint load_index, uint file_index)
 	/* Load newgrf sprites
 	 * in each loading stage, (try to) open each file specified in the config
 	 * and load information from it. */
-	for (GrfLoadingStage stage = GLS_LABELSCAN; stage < GLS_ACTIVATION; stage++) {
+	for (GrfLoadingStage stage = GLS_LABELSCAN; stage <= GLS_ACTIVATION; stage++) {
 		uint slot = file_index;
 
 		_cur_stage = stage;
@@ -5558,17 +5558,13 @@ void LoadNewGRF(uint load_index, uint file_index)
 			if (!FioCheckFileExists(c->filename)) error("NewGRF file is missing '%s'", c->filename);
 
 			if (stage == GLS_LABELSCAN) InitNewGRFFile(c, _cur_spriteid);
-			LoadNewGRFFile(c, slot, stage);
+			LoadNewGRFFile(c, slot++, stage);
 			if (stage == GLS_RESERVE) {
 				if (c->status == GCS_ACTIVATED) c->status = GCS_INITIALISED;
-				_cur_stage = GLS_ACTIVATION;
-				LoadNewGRFFile(c, slot++, GLS_ACTIVATION);
-				_cur_stage = stage;
+			} else if (stage == GLS_ACTIVATION) {
 				ClearTemporaryNewGRFData();
 				BuildCargoTranslationMap();
 				DEBUG(sprite, 2, "LoadNewGRF: Currently %i sprites are loaded", _cur_spriteid);
-			} else {
-				slot++;
 			}
 		}
 	}