FUN SAIL EVENTS: 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.
FUN SAIL EVENTS
Largest movements
- Tangible fixed assets -€78,625
down €78,625 (-36.9%), from €213,017 to €134,391
of which Plant, machinery and equipment: -€80,330
- Cash +€9,864
up €9,864 (+236%), from €4,177 to €14,041
mainly Depreciation (+€42,834) and Investment in fixed assets (net) (+€35,791)
- Debts after one year -€37,783
no longer reported in 2025 (was €37,783)
- Current portion of long-term debt -€36,513
down €36,513 (-55.3%), from €66,063 to €29,549
- Accrued charges and deferred income +€5,250
new in 2025: €5,250
- Profit (loss) carried forward +€3,475
up €3,475 (+4.5%), from -€77,329 to -€73,855
- Depreciation -€38,525
down €38,525 (-47.4%), from €81,359 to €42,834
- Gross operating margin -€5,927
down €5,927 (-10.6%), from €55,920 to €49,994
- Financial charges -€1,190
down €1,190 (-34.9%), from €3,414 to €2,224
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 | €222,595 | €153,984 | -€68,611 | -30.8% |
| Fixed assets | 21/28 | €213,017 | €134,391 | -€78,625 | -36.9% |
| Tangible fixed assets | 22/27 | €213,017 | €134,391 | -€78,625 | -36.9% |
| Plant, machinery and equipment | 23 | €208,276 | €127,945 | -€80,330 | -38.6% |
| Furniture and vehicles | 24 | €3,273 | €5,345 | +€2,072 | +63.3% |
| Other tangible fixed assets | 26 | €1,468 | €1,101 | -€367 | -25.0% |
| Current assets | 29/58 | €9,579 | €19,593 | +€10,014 | +105% |
| Amounts receivable within one year | 40/41 | €1,242 | €2,013 | +€771 | +62.1% |
| Trade receivables | 40 | €490 | - | -€490 | |
| Other amounts receivable | 41 | €752 | €2,013 | +€1,260 | +168% |
| Cash at bank and in hand | 54/58 | €4,177 | €14,041 | +€9,864 | +236% |
| Deferred charges and accrued income | 490/1 | €4,160 | €3,539 | -€621 | -14.9% |
| Total equity and liabilities | 10/49 | €222,595 | €153,984 | -€68,611 | -30.8% |
| Equity | 10/15 | -€29,920 | -€26,445 | +€3,475 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,809 | €28,809 | = | 0.0% |
| Distributable reserves | 133 | €28,809 | €28,809 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,329 | -€73,855 | +€3,475 | +4.5% |
| Amounts payable | 17/49 | €252,515 | €180,429 | -€72,086 | -28.5% |
| Amounts payable after more than one year | 17 | €37,783 | - | -€37,783 | |
| Financial debts | 170/4 | €37,783 | - | -€37,783 | |
| Amounts payable within one year | 42/48 | €214,732 | €175,179 | -€39,553 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €66,063 | €29,549 | -€36,513 | -55.3% |
| Trade debts | 44 | €10,374 | €9,154 | -€1,219 | -11.8% |
| Suppliers | 440/4 | €10,374 | €9,154 | -€1,219 | -11.8% |
| Taxes, remuneration and social security | 45 | €196 | €180 | -€16 | -8.2% |
| Taxes | 450/3 | €196 | €180 | -€16 | -8.2% |
| Other amounts payable | 47/48 | €138,100 | €136,296 | -€1,804 | -1.3% |
| Accrued charges and deferred income | 492/3 | - | €5,250 | +€5,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,359 | €42,834 | -€38,525 | -47.4% |
| Other operating charges | 640/8 | €1,164 | €1,300 | +€136 | +11.7% |
| Gross operating margin | 9900 | €55,920 | €49,994 | -€5,927 | -10.6% |
| Operating profit (loss) | 9901 | -€26,603 | €5,859 | +€32,462 | |
| Financial income | 75/76B | €33 | €27 | -€5 | -16.1% |
| Recurring financial income | 75 | €33 | €27 | -€5 | -16.1% |
| Financial charges | 65/66B | €3,414 | €2,224 | -€1,190 | -34.9% |
| Recurring financial charges | 65 | €3,414 | €2,224 | -€1,190 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,984 | €3,663 | +€33,647 | |
| Income taxes | 67/77 | €206 | €188 | -€18 | -8.6% |
| Profit (loss) for the period | 9904 | -€30,190 | €3,475 | +€33,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,190 | €3,475 | +€33,665 |
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 26 October 2026 via checked.be.