FLANDERS CLASSICS: what changed
Two fiscal 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.
What changed
FLANDERS CLASSICS
NACE 93.199, Other sports activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.2m+€19,500
Equity
€3.8m
2024 · €4.0m-€255,285
Cash
€1.2m
2024 · €1.1m+€109,864
Balance sheet total
€6.6m
2024 · €6.2m+€336,705
Largest movements
Assets
- Current investments +€1.0m
up €1.0m (+50.0%), from €2.0m to €3.0m
- Receivables within one year -€728,535
down €728,535 (-25.6%), from €2.8m to €2.1m
of which Trade receivables: -€548,784
- Cash +€109,864
up €109,864 (+9.7%), from €1.1m to €1.2m
mainly Net result for the year (+€1.2m) and Receivables within one year (+€728,535)
Equity and liabilities
- Trade debts +€555,837
up €555,837 (+32.5%), from €1.7m to €2.3m
- Reserves -€210,500
down €210,500 (-71.2%), from €295,500 to €85,000
of which Tax-exempt reserves: -€210,500
- Accrued charges and deferred income +€76,000
up €76,000 (+116.9%), from €65,000 to €141,000
Income statement
- Turnover +€337,138
up €337,138 (+1.6%), from €21.2m to €21.6m
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.
Result 2024
€1.2m
Turnover
+€337,138
Other operating income
-€161,365
Goods and materials
+€79,365
Services and other goods
-€197,342
Staff costs
-€23,055
Depreciation
-€8,989
Other operating charges
+€1,697
Financial income
-€5,838
Financial charges
-€208
Taxes
-€1,903
Result 2025
€1.2m
Cash bridge derived
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.
From operations
+€2.7m
Investment
-€1.1m
Financing
-€1.5m
Cash 2024
€1.1m
From operations (derived)
+€2.7m
Net result for the year
+€1.2m
Depreciation
+€50,844
Receivables within one year
+€728,535
Deferred charges and accrued income
+€45,084
Trade debts
+€555,837
Tax, wage and social debts
-€39,847
Accrued charges and deferred income
+€76,000
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€51,305
Current investments
-€1.0m
Financing
-€1.5m
Contributions, distributions and other
-€1.5m
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,215,920 | €6,552,625 | +€336,705 | +5.4% |
| Fixed assets | 21/28 | €140,954 | €141,414 | +€461 | +0.3% |
| Tangible fixed assets | 22/27 | €140,954 | €141,414 | +€461 | +0.3% |
| Furniture and vehicles | 24 | €140,954 | €141,414 | +€461 | +0.3% |
| Current assets | 29/58 | €6,074,966 | €6,411,211 | +€336,245 | +5.5% |
| Amounts receivable within one year | 40/41 | €2,842,078 | €2,113,542 | -€728,535 | -25.6% |
| Trade receivables | 40 | €2,234,324 | €1,685,541 | -€548,784 | -24.6% |
| Other amounts receivable | 41 | €607,753 | €428,002 | -€179,752 | -29.6% |
| Current investments | 50/53 | €2,000,000 | €3,000,000 | +€1.0m | +50.0% |
| Other investments | 51/53 | €2,000,000 | €3,000,000 | +€1.0m | +50.0% |
| Cash at bank and in hand | 54/58 | €1,129,814 | €1,239,678 | +€109,864 | +9.7% |
| Deferred charges and accrued income | 490/1 | €103,074 | €57,990 | -€45,084 | -43.7% |
| Total equity and liabilities | 10/49 | €6,215,920 | €6,552,625 | +€336,705 | +5.4% |
| Equity | 10/15 | €4,038,044 | €3,782,759 | -€255,285 | -6.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €295,500 | €85,000 | -€210,500 | -71.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | - | -€210,500 | |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,642,544 | €3,597,759 | -€44,785 | -1.2% |
| Amounts payable | 17/49 | €2,177,876 | €2,769,866 | +€591,990 | +27.2% |
| Amounts payable within one year | 42/48 | €2,112,876 | €2,628,866 | +€515,990 | +24.4% |
| Trade debts | 44 | €1,712,174 | €2,268,012 | +€555,837 | +32.5% |
| Suppliers | 440/4 | €1,712,174 | €2,268,012 | +€555,837 | +32.5% |
| Taxes, remuneration and social security | 45 | €400,701 | €360,854 | -€39,847 | -9.9% |
| Taxes | 450/3 | €22,603 | €16,332 | -€6,271 | -27.7% |
| Remuneration and social security | 454/9 | €378,098 | €344,522 | -€33,576 | -8.9% |
| Accrued charges and deferred income | 492/3 | €65,000 | €141,000 | +€76,000 | +116.9% |
| Operating income | 70/76A | €21,638,990 | €21,814,762 | +€175,772 | +0.8% |
| Turnover | 70 | €21,249,418 | €21,586,555 | +€337,138 | +1.6% |
| Other operating income | 74 | €389,572 | €228,207 | -€161,365 | -41.4% |
| Operating charges | 60/66A | €19,972,864 | €20,121,187 | +€148,324 | +0.7% |
| Goods for resale, raw materials and consumables | 60 | €16,633,660 | €16,554,296 | -€79,365 | -0.5% |
| Purchases | 600/8 | €16,633,660 | €16,554,296 | -€79,365 | -0.5% |
| Services and other goods | 61 | €1,348,590 | €1,545,932 | +€197,342 | +14.6% |
| Remuneration, social security and pensions | 62 | €1,941,410 | €1,964,465 | +€23,055 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,855 | €50,844 | +€8,989 | +21.5% |
| Other operating charges | 640/8 | €7,348 | €5,651 | -€1,697 | -23.1% |
| Operating profit (loss) | 9901 | €1,666,126 | €1,693,574 | +€27,449 | +1.6% |
| Financial income | 75/76B | €33,003 | €27,165 | -€5,838 | -17.7% |
| Recurring financial income | 75 | €33,003 | €27,165 | -€5,838 | -17.7% |
| Income from current assets | 751 | €32,846 | €22,138 | -€10,708 | -32.6% |
| Other financial income | 752/9 | €157 | €5,027 | +€4,870 | +3104.2% |
| Financial charges | 65/66B | €16,956 | €17,164 | +€208 | +1.2% |
| Recurring financial charges | 65 | €16,956 | €17,164 | +€208 | +1.2% |
| Debt charges | 650 | €15,418 | €16,030 | +€612 | +4.0% |
| Other financial charges | 652/9 | €1,539 | €1,135 | -€404 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €1,682,172 | €1,703,575 | +€21,403 | +1.3% |
| Income taxes | 67/77 | €456,957 | €458,860 | +€1,903 | +0.4% |
| Taxes | 670/3 | €456,957 | €458,860 | +€1,903 | +0.4% |
| Profit (loss) for the period | 9904 | €1,225,215 | €1,244,715 | +€19,500 | +1.6% |
| Transfer from tax-exempt reserves | 789 | €814,300 | €210,500 | -€603,800 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,039,515 | €1,455,215 | -€584,300 | -28.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.