EQUI-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.
EQUI-SPORT
Largest movements
- Stocks and contracts -€216,194
down €216,194 (-63.1%), from €342,634 to €126,440
- Receivables after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tangible fixed assets -€34,720
down €34,720 (-4.5%), from €778,247 to €743,527
of which Land and buildings: -€24,859
- Receivables within one year -€28,365
down €28,365 (-24.7%), from €115,011 to €86,646
of which Other amounts receivable: -€15,748
- Cash +€27,469
up €27,469 (+39.7%), from €69,179 to €96,648
mainly Stocks and contracts (+€216,194) and Receivables after one year (+€100,000)
- Trade debts -€271,310
down €271,310 (-73.1%), from €371,280 to €99,970
- Reserves -€43,540
down €43,540 (-7.7%), from €563,714 to €520,174
of which Distributable reserves: -€40,712
- Debts after one year -€42,216
down €42,216 (-11.0%), from €382,325 to €340,108
- Gross operating margin +€32,260
up €32,260 (+23.9%), from €134,892 to €167,153
- Taxes +€8,816
up €8,816 (+31.1%), from €28,371 to €37,187
- Depreciation -€5,586
down €5,586 (-13.0%), from €42,995 to €37,408
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 | €1,408,435 | €1,056,554 | -€351,881 | -25.0% |
| Fixed assets | 21/28 | €778,821 | €743,871 | -€34,950 | -4.5% |
| Intangible fixed assets | 21 | €450 | €220 | -€231 | -51.2% |
| Tangible fixed assets | 22/27 | €778,247 | €743,527 | -€34,720 | -4.5% |
| Land and buildings | 22 | €756,878 | €732,019 | -€24,859 | -3.3% |
| Plant, machinery and equipment | 23 | €9,001 | €6,591 | -€2,410 | -26.8% |
| Furniture and vehicles | 24 | €12,368 | €4,917 | -€7,451 | -60.2% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €629,614 | €312,683 | -€316,931 | -50.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100% |
| Stocks and contracts in progress | 3 | €342,634 | €126,440 | -€216,194 | -63.1% |
| Stocks | 30/36 | €342,634 | €126,440 | -€216,194 | -63.1% |
| Amounts receivable within one year | 40/41 | €115,011 | €86,646 | -€28,365 | -24.7% |
| Trade receivables | 40 | €84,852 | €72,234 | -€12,618 | -14.9% |
| Other amounts receivable | 41 | €30,159 | €14,411 | -€15,748 | -52.2% |
| Cash at bank and in hand | 54/58 | €69,179 | €96,648 | +€27,469 | +39.7% |
| Deferred charges and accrued income | 490/1 | €2,789 | €2,948 | +€159 | +5.7% |
| Total equity and liabilities | 10/49 | €1,408,435 | €1,056,554 | -€351,881 | -25.0% |
| Equity | 10/15 | €582,306 | €538,766 | -€43,540 | -7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €563,714 | €520,174 | -€43,540 | -7.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,239 | €41,411 | -€2,828 | -6.4% |
| Distributable reserves | 133 | €517,615 | €476,904 | -€40,712 | -7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €13,920 | €12,977 | -€943 | -6.8% |
| Deferred taxes | 168 | €13,920 | €12,977 | -€943 | -6.8% |
| Amounts payable | 17/49 | €812,209 | €504,810 | -€307,398 | -37.8% |
| Amounts payable after more than one year | 17 | €382,325 | €340,108 | -€42,216 | -11.0% |
| Financial debts | 170/4 | €382,325 | €340,108 | -€42,216 | -11.0% |
| Amounts payable within one year | 42/48 | €429,884 | €164,702 | -€265,182 | -61.7% |
| Current portion of amounts payable after more than one year | 42 | €46,280 | €42,216 | -€4,064 | -8.8% |
| Trade debts | 44 | €371,280 | €99,970 | -€271,310 | -73.1% |
| Suppliers | 440/4 | €371,280 | €99,970 | -€271,310 | -73.1% |
| Taxes, remuneration and social security | 45 | €11,465 | €21,682 | +€10,217 | +89.1% |
| Taxes | 450/3 | €11,465 | €21,682 | +€10,217 | +89.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,995 | €37,408 | -€5,586 | -13.0% |
| Other operating charges | 640/8 | €5,330 | €5,943 | +€613 | +11.5% |
| Gross operating margin | 9900 | €134,892 | €167,153 | +€32,260 | +23.9% |
| Operating profit (loss) | 9901 | €86,568 | €123,801 | +€37,233 | +43.0% |
| Financial income | 75/76B | €4,921 | €3,362 | -€1,559 | -31.7% |
| Recurring financial income | 75 | €4,921 | €3,362 | -€1,559 | -31.7% |
| Financial charges | 65/66B | €8,689 | €7,673 | -€1,016 | -11.7% |
| Recurring financial charges | 65 | €8,689 | €7,673 | -€1,016 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €82,799 | €119,490 | +€36,691 | +44.3% |
| Transfer from deferred taxes | 780 | €1,097 | €943 | -€154 | -14.1% |
| Income taxes | 67/77 | €28,371 | €37,187 | +€8,816 | +31.1% |
| Profit (loss) for the period | 9904 | €55,525 | €83,246 | +€27,721 | +49.9% |
| Transfer from tax-exempt reserves | 789 | €3,291 | €2,828 | -€463 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,816 | €86,074 | +€27,258 | +46.3% |
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 17 October 2026 via checked.be.