ELITE SPORT PERFORMANCE: 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.
ELITE SPORT PERFORMANCE
Largest movements
- Receivables within one year +€27,684
up €27,684 (+382%), from €7,247 to €34,931
of which Trade receivables: +€27,646
- Cash -€5,158
down €5,158 (-16.1%), from €32,064 to €26,906
mainly Receivables within one year (-€27,684) and Investment in fixed assets (net) (-€20,850)
- Other debts +€15,643
up €15,643 (+55.6%), from €28,151 to €43,795
- Profit (loss) carried forward -€14,290
new in 2025: -€14,290
- Tax, wage and social debts +€10,844
up €10,844 (+83.1%), from €13,057 to €23,901
- Current portion of long-term debt +€9,865
up €9,865 (+52.8%), from €18,701 to €28,566
- Gross operating margin -€27,250
down €27,250 (-71.4%), from €38,142 to €10,893
- Taxes -€4,837
no longer reported in 2025 (was €4,837)
- Depreciation +€1,544
up €1,544 (+7.5%), from €20,490 to €22,034
- Other operating charges +€1,277
up €1,277 (+232%), from €550 to €1,827
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 | €100,366 | €122,432 | +€22,065 | +22.0% |
| Fixed assets | 21/28 | €60,250 | €59,066 | -€1,185 | -2.0% |
| Tangible fixed assets | 22/27 | €60,250 | €59,066 | -€1,185 | -2.0% |
| Land and buildings | 22 | €10,437 | - | -€10,437 | |
| Plant, machinery and equipment | 23 | €27,902 | €32,812 | +€4,910 | +17.6% |
| Furniture and vehicles | 24 | €14,160 | €9,829 | -€4,331 | -30.6% |
| Leasing and similar rights | 25 | €7,752 | €4,492 | -€3,260 | -42.1% |
| Other tangible fixed assets | 26 | - | €11,932 | +€11,932 | |
| Current assets | 29/58 | €40,116 | €63,366 | +€23,250 | +58.0% |
| Amounts receivable within one year | 40/41 | €7,247 | €34,931 | +€27,684 | +382% |
| Trade receivables | 40 | €7,225 | €34,871 | +€27,646 | +383% |
| Other amounts receivable | 41 | €22 | €60 | +€38 | +171% |
| Cash at bank and in hand | 54/58 | €32,064 | €26,906 | -€5,158 | -16.1% |
| Deferred charges and accrued income | 490/1 | €805 | €1,529 | +€724 | +89.9% |
| Total equity and liabilities | 10/49 | €100,366 | €122,432 | +€22,065 | +22.0% |
| Equity | 10/15 | €27,863 | €13,573 | -€14,290 | -51.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €24,863 | €24,863 | = | 0.0% |
| Distributable reserves | 133 | €24,863 | €24,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,290 | -€14,290 | |
| Amounts payable | 17/49 | €72,504 | €108,859 | +€36,355 | +50.1% |
| Amounts payable after more than one year | 17 | €11,751 | €11,184 | -€567 | -4.8% |
| Financial debts | 170/4 | €11,751 | €11,184 | -€567 | -4.8% |
| Amounts payable within one year | 42/48 | €60,753 | €97,675 | +€36,922 | +60.8% |
| Current portion of amounts payable after more than one year | 42 | €18,701 | €28,566 | +€9,865 | +52.8% |
| Trade debts | 44 | €843 | €1,413 | +€570 | +67.6% |
| Suppliers | 440/4 | €843 | €1,413 | +€570 | +67.6% |
| Taxes, remuneration and social security | 45 | €13,057 | €23,901 | +€10,844 | +83.1% |
| Taxes | 450/3 | €13,057 | €23,901 | +€10,844 | +83.1% |
| Other amounts payable | 47/48 | €28,151 | €43,795 | +€15,643 | +55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,490 | €22,034 | +€1,544 | +7.5% |
| Other operating charges | 640/8 | €550 | €1,827 | +€1,277 | +232% |
| Non-recurring operating charges | 66A | - | €450 | +€450 | |
| Gross operating margin | 9900 | €38,142 | €10,893 | -€27,250 | -71.4% |
| Operating profit (loss) | 9901 | €17,102 | -€13,418 | -€30,520 | |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €709 | €933 | +€223 | +31.5% |
| Recurring financial charges | 65 | €709 | €933 | +€223 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €16,393 | -€14,290 | -€30,682 | |
| Income taxes | 67/77 | €4,837 | - | -€4,837 | |
| Profit (loss) for the period | 9904 | €11,555 | -€14,290 | -€25,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,555 | -€14,290 | -€25,845 |
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 24 October 2026 via checked.be.