EXCELSIOR SPORTCOMPLEX: 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.
EXCELSIOR SPORTCOMPLEX
Largest movements
- Tangible fixed assets +€73,988
up €73,988 (+43.3%), from €171,016 to €245,005
of which Land and buildings: +€75,033
- Cash +€22,395
up €22,395 (+58.7%), from €38,181 to €60,576
mainly Debts after one year (+€100,000) and Depreciation (+€44,035)
- Receivables within one year -€18,534
down €18,534 (-60.2%), from €30,811 to €12,278
of which Trade receivables: -€19,632
- Deferred charges and accrued income +€4,660
new in 2025: €4,660
- Debts after one year +€100,000
new in 2025: €100,000
- Other debts -€29,232
down €29,232 (-26.0%), from €112,318 to €83,086
- Trade debts +€29,224
up €29,224 (+1,110%), from €2,633 to €31,857
- Profit (loss) carried forward -€10,743
down €10,743 (-39.2%), from €27,388 to €16,645
- Investment grants -€7,256
down €7,256 (-35.3%), from €20,543 to €13,287
- Gross operating margin -€4,670
down €4,670 (-10.9%), from €42,977 to €38,307
- Depreciation +€4,100
up €4,100 (+10.3%), from €39,936 to €44,035
- Other operating charges +€3,057
up €3,057 (+33.3%), from €9,188 to €12,245
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 | €240,009 | €322,519 | +€82,510 | +34.4% |
| Fixed assets | 21/28 | €171,016 | €245,005 | +€73,988 | +43.3% |
| Tangible fixed assets | 22/27 | €171,016 | €245,005 | +€73,988 | +43.3% |
| Land and buildings | 22 | €169,972 | €245,005 | +€75,033 | +44.1% |
| Plant, machinery and equipment | 23 | €1,045 | - | -€1,045 | |
| Current assets | 29/58 | €68,993 | €77,514 | +€8,522 | +12.4% |
| Amounts receivable within one year | 40/41 | €30,811 | €12,278 | -€18,534 | -60.2% |
| Trade receivables | 40 | €29,232 | €9,600 | -€19,632 | -67.2% |
| Other amounts receivable | 41 | €1,579 | €2,678 | +€1,098 | +69.5% |
| Cash at bank and in hand | 54/58 | €38,181 | €60,576 | +€22,395 | +58.7% |
| Deferred charges and accrued income | 490/1 | - | €4,660 | +€4,660 | |
| Total equity and liabilities | 10/49 | €240,009 | €322,519 | +€82,510 | +34.4% |
| Equity | 10/15 | €111,679 | €93,679 | -€18,000 | -16.1% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €26,564 | €26,564 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | - | -€3,718 | |
| Reserves not available under the articles | 1311 | €3,718 | - | -€3,718 | |
| Distributable reserves | 133 | €22,845 | €26,564 | +€3,718 | +16.3% |
| Profit (loss) carried forward | 14 | €27,388 | €16,645 | -€10,743 | -39.2% |
| Investment grants | 15 | €20,543 | €13,287 | -€7,256 | -35.3% |
| Amounts payable | 17/49 | €128,330 | €228,840 | +€100,510 | +78.3% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €114,951 | €114,943 | -€8 | 0.0% |
| Trade debts | 44 | €2,633 | €31,857 | +€29,224 | +1,110% |
| Suppliers | 440/4 | €2,633 | €31,857 | +€29,224 | +1,110% |
| Other amounts payable | 47/48 | €112,318 | €83,086 | -€29,232 | -26.0% |
| Accrued charges and deferred income | 492/3 | €13,379 | €13,897 | +€517 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,936 | €44,035 | +€4,100 | +10.3% |
| Other operating charges | 640/8 | €9,188 | €12,245 | +€3,057 | +33.3% |
| Gross operating margin | 9900 | €42,977 | €38,307 | -€4,670 | -10.9% |
| Operating profit (loss) | 9901 | -€6,147 | -€17,973 | -€11,826 | -192% |
| Financial income | 75/76B | €7,327 | €7,256 | -€70 | -1.0% |
| Recurring financial income | 75 | €7,327 | €7,256 | -€70 | -1.0% |
| Financial charges | 65/66B | €87 | €26 | -€61 | -69.8% |
| Recurring financial charges | 65 | €87 | €26 | -€61 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | €1,092 | -€10,743 | -€11,836 | |
| Profit (loss) for the period | 9904 | €1,092 | -€10,743 | -€11,836 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,092 | -€10,743 | -€11,836 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.