AXA-SPORT: 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.
AXA-SPORT
Largest movements
- Receivables within one year -€8,660
down €8,660 (-40.3%), from €21,469 to €12,809
of which Trade receivables: -€8,076
- Cash +€3,101
up €3,101 (+45.4%), from €6,823 to €9,924
mainly Net result for the year (+€10,450) and Receivables within one year (+€8,660)
- Trade debts -€12,949
down €12,949 (-26.4%), from €49,004 to €36,054
of which Suppliers: -€10,464
- Profit (loss) carried forward +€10,450
up €10,450 (+12.2%), from -€85,976 to -€75,526
- Debts after one year -€4,343
down €4,343 (-7.5%), from €57,788 to €53,445
- Short-term financial debts -€2,598
down €2,598 (-2.4%), from €109,443 to €106,845
- Gross operating margin -€25,576
down €25,576 (-51.4%), from €49,779 to €24,203
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 | €216,165 | €205,960 | -€10,204 | -4.7% |
| Fixed assets | 21/28 | €11,836 | €9,892 | -€1,944 | -16.4% |
| Tangible fixed assets | 22/27 | €11,217 | €9,273 | -€1,944 | -17.3% |
| Plant, machinery and equipment | 23 | €9,583 | €7,887 | -€1,695 | -17.7% |
| Other tangible fixed assets | 26 | €1,635 | €1,386 | -€249 | -15.2% |
| Financial fixed assets | 28 | €619 | €619 | = | 0.0% |
| Current assets | 29/58 | €204,328 | €196,068 | -€8,260 | -4.0% |
| Amounts receivable after more than one year | 29 | €70 | - | -€70 | |
| Other amounts receivable | 291 | €70 | - | -€70 | |
| Stocks and contracts in progress | 3 | €172,999 | €171,528 | -€1,472 | -0.9% |
| Stocks | 30/36 | €172,999 | €171,528 | -€1,472 | -0.9% |
| Amounts receivable within one year | 40/41 | €21,469 | €12,809 | -€8,660 | -40.3% |
| Trade receivables | 40 | €9,542 | €1,467 | -€8,076 | -84.6% |
| Other amounts receivable | 41 | €11,927 | €11,342 | -€585 | -4.9% |
| Cash at bank and in hand | 54/58 | €6,823 | €9,924 | +€3,101 | +45.4% |
| Deferred charges and accrued income | 490/1 | €2,966 | €1,807 | -€1,159 | -39.1% |
| Total equity and liabilities | 10/49 | €216,165 | €205,960 | -€10,204 | -4.7% |
| Equity | 10/15 | -€9,014 | €1,437 | +€10,450 | |
| Contributions | 10/11 | €75,103 | €75,103 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,976 | -€75,526 | +€10,450 | +12.2% |
| Amounts payable | 17/49 | €225,178 | €204,524 | -€20,655 | -9.2% |
| Amounts payable after more than one year | 17 | €57,788 | €53,445 | -€4,343 | -7.5% |
| Financial debts | 170/4 | €57,788 | €53,445 | -€4,343 | -7.5% |
| Amounts payable within one year | 42/48 | €167,390 | €151,078 | -€16,312 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €4,153 | €4,343 | +€190 | +4.6% |
| Financial debts | 43 | €109,443 | €106,845 | -€2,598 | -2.4% |
| Credit institutions | 430/8 | €109,443 | €106,845 | -€2,598 | -2.4% |
| Trade debts | 44 | €49,004 | €36,054 | -€12,949 | -26.4% |
| Suppliers | 440/4 | €46,519 | €36,054 | -€10,464 | -22.5% |
| Bills of exchange payable | 441 | €2,485 | - | -€2,485 | |
| Advances received on contracts in progress | 46 | - | €325 | +€325 | |
| Taxes, remuneration and social security | 45 | €4,790 | €3,511 | -€1,279 | -26.7% |
| Taxes | 450/3 | €4,790 | €3,511 | -€1,279 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,240 | €2,687 | +€447 | +20.0% |
| Other operating charges | 640/8 | €992 | €683 | -€309 | -31.1% |
| Gross operating margin | 9900 | €49,779 | €24,203 | -€25,576 | -51.4% |
| Operating profit (loss) | 9901 | €46,547 | €20,833 | -€25,714 | -55.2% |
| Financial income | 75/76B | €397 | €637 | +€240 | +60.3% |
| Recurring financial income | 75 | €397 | €637 | +€240 | +60.3% |
| Financial charges | 65/66B | €10,992 | €10,890 | -€103 | -0.9% |
| Recurring financial charges | 65 | €10,992 | €10,890 | -€103 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €35,952 | €10,580 | -€25,372 | -70.6% |
| Income taxes | 67/77 | €127 | €130 | +€3 | +2.1% |
| Profit (loss) for the period | 9904 | €35,825 | €10,450 | -€25,375 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,825 | €10,450 | -€25,375 | -70.8% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.