EXECUTIVE SPORT MANAGEMENT: what changed
EXECUTIVE SPORT MANAGEMENT
Largest movements
- Tangible fixed assets -€42,832
down €42,832 (-16.7%), from €256,173 to €213,341
of which Furniture and vehicles: -€28,993
- Cash -€21,874
down €21,874 (-68.4%), from €31,996 to €10,122
mainly Net result for the year (-€55,869) and Receivables within one year (-€14,916)
- Receivables within one year +€14,916
up €14,916 (+4.2%), from €355,041 to €369,957
of which Trade receivables: +€21,486
- Profit (loss) carried forward -€55,869
down €55,869 (-80.3%), from €69,610 to €13,741
- Advances received +€22,825
new in 2025: €22,825
- Trade debts +€14,263
up €14,263 (+384%), from €3,717 to €17,981
- Debts after one year -€12,452
down €12,452 (-34.0%), from €36,648 to €24,196
- Other debts -€12,242
down €12,242 (-42.1%), from €29,106 to €16,863
- Financial income -€101,407
down €101,407 (-95.8%), from €105,874 to €4,467
- Gross operating margin -€95,995
down €95,995 (-89.2%), from €107,571 to €11,576
- Other operating charges +€37,199
up €37,199 (+1,007%), from €3,694 to €40,893
- Taxes -€24,839
down €24,839 (-98.9%), from €25,106 to €267
- Depreciation -€15,748
down €15,748 (-36.8%), from €42,736 to €26,988
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €665,572 | €612,840 | -€52,732 | -7.9% |
| Fixed assets | 21/28 | €274,890 | €232,057 | -€42,832 | -15.6% |
| Tangible fixed assets | 22/27 | €256,173 | €213,341 | -€42,832 | -16.7% |
| Land and buildings | 22 | €195,708 | €181,818 | -€13,890 | -7.1% |
| Plant, machinery and equipment | 23 | €4,010 | €4,060 | +€51 | +1.3% |
| Furniture and vehicles | 24 | €56,456 | €27,462 | -€28,993 | -51.4% |
| Financial fixed assets | 28 | €18,717 | €18,717 | = | 0.0% |
| Current assets | 29/58 | €390,683 | €380,783 | -€9,900 | -2.5% |
| Amounts receivable within one year | 40/41 | €355,041 | €369,957 | +€14,916 | +4.2% |
| Trade receivables | 40 | €12,375 | €33,861 | +€21,486 | +174% |
| Other amounts receivable | 41 | €342,666 | €336,097 | -€6,570 | -1.9% |
| Cash at bank and in hand | 54/58 | €31,996 | €10,122 | -€21,874 | -68.4% |
| Deferred charges and accrued income | 490/1 | €3,646 | €704 | -€2,942 | -80.7% |
| Total equity and liabilities | 10/49 | €665,572 | €612,840 | -€52,732 | -7.9% |
| Equity | 10/15 | €556,318 | €500,449 | -€55,869 | -10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €480,509 | €480,509 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Tax-exempt reserves | 132 | €138 | €138 | = | 0.0% |
| Distributable reserves | 133 | €478,511 | €480,370 | +€1,859 | +0.4% |
| Profit (loss) carried forward | 14 | €69,610 | €13,741 | -€55,869 | -80.3% |
| Amounts payable | 17/49 | €109,254 | €112,391 | +€3,137 | +2.9% |
| Amounts payable after more than one year | 17 | €36,648 | €24,196 | -€12,452 | -34.0% |
| Financial debts | 170/4 | €36,648 | €24,196 | -€12,452 | -34.0% |
| Amounts payable within one year | 42/48 | €60,252 | €78,820 | +€18,568 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €11,953 | €12,452 | +€499 | +4.2% |
| Financial debts | 43 | €1,081 | €0 | -€1,081 | -100% |
| Credit institutions | 430/8 | €1,081 | €0 | -€1,081 | -100% |
| Trade debts | 44 | €3,717 | €17,981 | +€14,263 | +384% |
| Suppliers | 440/4 | €3,717 | €17,981 | +€14,263 | +384% |
| Advances received on contracts in progress | 46 | - | €22,825 | +€22,825 | |
| Taxes, remuneration and social security | 45 | €14,395 | €8,699 | -€5,696 | -39.6% |
| Taxes | 450/3 | €14,395 | €8,699 | -€5,696 | -39.6% |
| Other amounts payable | 47/48 | €29,106 | €16,863 | -€12,242 | -42.1% |
| Accrued charges and deferred income | 492/3 | €12,354 | €9,375 | -€2,979 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,736 | €26,988 | -€15,748 | -36.8% |
| Other operating charges | 640/8 | €3,694 | €40,893 | +€37,199 | +1,007% |
| Gross operating margin | 9900 | €107,571 | €11,576 | -€95,995 | -89.2% |
| Operating profit (loss) | 9901 | €61,141 | -€56,305 | -€117,446 | |
| Financial income | 75/76B | €105,874 | €4,467 | -€101,407 | -95.8% |
| Recurring financial income | 75 | €105,874 | €4,467 | -€101,407 | -95.8% |
| Financial charges | 65/66B | €11,523 | €3,764 | -€7,759 | -67.3% |
| Recurring financial charges | 65 | €11,523 | €3,764 | -€7,759 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €155,492 | -€55,602 | -€211,094 | |
| Income taxes | 67/77 | €25,106 | €267 | -€24,839 | -98.9% |
| Profit (loss) for the period | 9904 | €130,386 | -€55,869 | -€186,255 | |
| Profit (loss) for the period to be appropriated | 9905 | €130,386 | -€55,869 | -€186,255 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.