GRC 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.
GRC SPORT
Largest movements
- Cash +€223,140
up €223,140 (+7,126%), from €3,131 to €226,271
mainly Stocks and contracts (+€93,670) and Tax, wage and social debts (+€70,111)
- Stocks and contracts -€93,670
down €93,670 (-31.8%), from €294,245 to €200,575
- Tangible fixed assets -€37,195
down €37,195 (-40.6%), from €91,535 to €54,340
of which Furniture and vehicles: -€32,568
- Receivables within one year -€20,263
down €20,263 (-7.1%), from €287,161 to €266,898
of which Trade receivables: -€42,372
- Tax, wage and social debts +€70,111
up €70,111 (+390%), from €17,981 to €88,092
of which Taxes: +€57,267
- Profit (loss) carried forward +€27,387
up €27,387 (+52.6%), from -€52,042 to -€24,655
- Trade debts -€15,102
down €15,102 (-3.7%), from €407,746 to €392,644
- Gross operating margin +€110,390
up €110,390 (+120%), from €91,831 to €202,221
- Staff costs +€40,458
up €40,458 (+52.6%), from €76,872 to €117,330
- Taxes +€11,857
up €11,857 (+1,344%), from €882 to €12,739
- Other operating charges +€2,686
up €2,686 (+60.9%), from €4,410 to €7,097
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 | €681,347 | €757,078 | +€75,731 | +11.1% |
| Fixed assets | 21/28 | €91,535 | €54,340 | -€37,195 | -40.6% |
| Tangible fixed assets | 22/27 | €91,535 | €54,340 | -€37,195 | -40.6% |
| Land and buildings | 22 | €2,473 | €2,010 | -€463 | -18.7% |
| Plant, machinery and equipment | 23 | €4,386 | €222 | -€4,164 | -94.9% |
| Furniture and vehicles | 24 | €84,676 | €52,108 | -€32,568 | -38.5% |
| Current assets | 29/58 | €589,812 | €702,738 | +€112,926 | +19.1% |
| Stocks and contracts in progress | 3 | €294,245 | €200,575 | -€93,670 | -31.8% |
| Stocks | 30/36 | €294,245 | €200,575 | -€93,670 | -31.8% |
| Amounts receivable within one year | 40/41 | €287,161 | €266,898 | -€20,263 | -7.1% |
| Trade receivables | 40 | €190,262 | €147,890 | -€42,372 | -22.3% |
| Other amounts receivable | 41 | €96,899 | €119,008 | +€22,109 | +22.8% |
| Cash at bank and in hand | 54/58 | €3,131 | €226,271 | +€223,140 | +7,126% |
| Deferred charges and accrued income | 490/1 | €5,275 | €8,994 | +€3,719 | +70.5% |
| Total equity and liabilities | 10/49 | €681,347 | €757,078 | +€75,731 | +11.1% |
| Equity | 10/15 | €189,955 | €217,342 | +€27,387 | +14.4% |
| Contributions | 10/11 | €216,000 | €216,000 | = | 0.0% |
| Reserves | 13 | €25,997 | €25,997 | = | 0.0% |
| Distributable reserves | 133 | €25,997 | €25,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,042 | -€24,655 | +€27,387 | +52.6% |
| Amounts payable | 17/49 | €491,392 | €539,737 | +€48,345 | +9.8% |
| Amounts payable within one year | 42/48 | €491,392 | €539,737 | +€48,345 | +9.8% |
| Trade debts | 44 | €407,746 | €392,644 | -€15,102 | -3.7% |
| Suppliers | 440/4 | €407,746 | €392,644 | -€15,102 | -3.7% |
| Advances received on contracts in progress | 46 | €65,665 | €59,000 | -€6,665 | -10.2% |
| Taxes, remuneration and social security | 45 | €17,981 | €88,092 | +€70,111 | +390% |
| Taxes | 450/3 | €10,960 | €68,227 | +€57,267 | +523% |
| Remuneration and social security | 454/9 | €7,021 | €19,865 | +€12,844 | +183% |
| Remuneration, social security and pensions | 62 | €76,872 | €117,330 | +€40,458 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,134 | €37,195 | +€61 | +0.2% |
| Other operating charges | 640/8 | €4,410 | €7,097 | +€2,686 | +60.9% |
| Non-recurring operating charges | 66A | - | €43 | +€43 | |
| Gross operating margin | 9900 | €91,831 | €202,221 | +€110,390 | +120% |
| Operating profit (loss) | 9901 | -€26,585 | €40,556 | +€67,141 | |
| Financial income | 75/76B | €103 | - | -€103 | |
| Recurring financial income | 75 | €103 | - | -€103 | |
| Financial charges | 65/66B | €259 | €430 | +€172 | +66.5% |
| Recurring financial charges | 65 | €259 | €430 | +€172 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,741 | €40,126 | +€66,867 | |
| Income taxes | 67/77 | €882 | €12,739 | +€11,857 | +1,344% |
| Profit (loss) for the period | 9904 | -€27,623 | €27,387 | +€55,010 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,623 | €27,387 | +€55,010 |
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 31 October 2026 via checked.be.