DE SPOR: 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.
DE SPOR
Largest movements
- Receivables after one year +€195,000
up €195,000 (+40.2%), from €485,000 to €680,000
- Receivables within one year +€72,600
up €72,600, from €0 to €72,600
- Deferred charges and accrued income +€18,144
up €18,144 (+153%), from €11,883 to €30,026
- Debts after one year +€206,640
up €206,640 (+60.5%), from €341,680 to €548,320
- Trade debts +€47,290
up €47,290 (+1,307%), from €3,620 to €50,909
- Accrued charges and deferred income +€14,200
up €14,200 (+1,251%), from €1,136 to €15,336
- Tax, wage and social debts +€12,521
new in 2025: €12,521
- Profit (loss) carried forward +€10,557
up €10,557 (+78.8%), from -€13,405 to -€2,848
- Financial charges +€8,984
up €8,984 (+694%), from €1,294 to €10,278
- Gross operating margin +€8,080
up €8,080, from -€4,926 to €3,154
- Financial income +€6,261
up €6,261 (+52.7%), from €11,883 to €18,144
- Other operating charges -€50
down €50 (-9.7%), from €511 to €462
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 | €502,173 | €792,830 | +€290,657 | +57.9% |
| Current assets | 29/58 | €502,173 | €792,830 | +€290,657 | +57.9% |
| Amounts receivable after more than one year | 29 | €485,000 | €680,000 | +€195,000 | +40.2% |
| Other amounts receivable | 291 | €485,000 | €680,000 | +€195,000 | +40.2% |
| Amounts receivable within one year | 40/41 | €0 | €72,600 | +€72,600 | |
| Trade receivables | 40 | €0 | €72,600 | +€72,600 | |
| Cash at bank and in hand | 54/58 | €5,291 | €10,204 | +€4,913 | +92.9% |
| Deferred charges and accrued income | 490/1 | €11,883 | €30,026 | +€18,144 | +153% |
| Total equity and liabilities | 10/49 | €502,173 | €792,830 | +€290,657 | +57.9% |
| Equity | 10/15 | €155,187 | €165,744 | +€10,557 | +6.8% |
| Contributions | 10/11 | €168,592 | €168,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,405 | -€2,848 | +€10,557 | +78.8% |
| Amounts payable | 17/49 | €346,986 | €627,086 | +€280,100 | +80.7% |
| Amounts payable after more than one year | 17 | €341,680 | €548,320 | +€206,640 | +60.5% |
| Financial debts | 170/4 | €341,680 | €548,320 | +€206,640 | +60.5% |
| Amounts payable within one year | 42/48 | €4,170 | €63,430 | +€59,259 | +1,421% |
| Trade debts | 44 | €3,620 | €50,909 | +€47,290 | +1,307% |
| Suppliers | 440/4 | €3,620 | €50,909 | +€47,290 | +1,307% |
| Taxes, remuneration and social security | 45 | - | €12,521 | +€12,521 | |
| Taxes | 450/3 | - | €12,521 | +€12,521 | |
| Other amounts payable | 47/48 | €551 | €0 | -€551 | -100% |
| Accrued charges and deferred income | 492/3 | €1,136 | €15,336 | +€14,200 | +1,251% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €511 | €462 | -€50 | -9.7% |
| Gross operating margin | 9900 | -€4,926 | €3,154 | +€8,080 | |
| Operating profit (loss) | 9901 | -€5,437 | €2,692 | +€8,129 | |
| Financial income | 75/76B | €11,883 | €18,144 | +€6,261 | +52.7% |
| Recurring financial income | 75 | €11,883 | €18,144 | +€6,261 | +52.7% |
| Financial charges | 65/66B | €1,294 | €10,278 | +€8,984 | +694% |
| Recurring financial charges | 65 | €1,294 | €10,278 | +€8,984 | +694% |
| Profit (loss) for the period before taxes | 9903 | €5,151 | €10,557 | +€5,406 | +105% |
| Profit (loss) for the period | 9904 | €5,151 | €10,557 | +€5,406 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €5,151 | €10,557 | +€5,406 | +105% |
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 26 October 2026 via checked.be.