ISEA Sportmanagement: 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.
ISEA Sportmanagement
Largest movements
- Cash -€20,314
down €20,314 (-76.3%), from €26,613 to €6,299
mainly Contributions, distributions and other (-€40,000) and Tax, wage and social debts (-€29,456)
- Receivables within one year +€18,803
up €18,803 (+27.1%), from €69,387 to €88,190
of which Trade receivables: +€13,800
- Tangible fixed assets -€2,745
down €2,745 (-12.2%), from €22,536 to €19,791
- Other debts +€30,030
up €30,030 (+89.5%), from €33,553 to €63,583
- Tax, wage and social debts -€29,456
down €29,456 (-94.7%), from €31,095 to €1,638
- Short-term financial debts -€6,807
down €6,807 (-27.2%), from €25,017 to €18,211
- Profit (loss) carried forward +€5,432
up €5,432 (+1,552%), from €350 to €5,782
- Trade debts -€3,455
down €3,455 (-7.6%), from €45,461 to €42,006
- Gross operating margin -€2,892
down €2,892 (-4.1%), from €70,894 to €68,002
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 | €143,536 | €139,280 | -€4,256 | -3.0% |
| Fixed assets | 21/28 | €47,536 | €44,791 | -€2,745 | -5.8% |
| Tangible fixed assets | 22/27 | €22,536 | €19,791 | -€2,745 | -12.2% |
| Other tangible fixed assets | 26 | €22,536 | €19,791 | -€2,745 | -12.2% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €96,000 | €94,489 | -€1,511 | -1.6% |
| Amounts receivable within one year | 40/41 | €69,387 | €88,190 | +€18,803 | +27.1% |
| Trade receivables | 40 | €58,216 | €72,016 | +€13,800 | +23.7% |
| Other amounts receivable | 41 | €11,170 | €16,173 | +€5,003 | +44.8% |
| Cash at bank and in hand | 54/58 | €26,613 | €6,299 | -€20,314 | -76.3% |
| Total equity and liabilities | 10/49 | €143,536 | €139,280 | -€4,256 | -3.0% |
| Equity | 10/15 | €8,410 | €13,842 | +€5,432 | +64.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €350 | €5,782 | +€5,432 | +1,552% |
| Amounts payable | 17/49 | €135,126 | €125,438 | -€9,688 | -7.2% |
| Amounts payable within one year | 42/48 | €135,126 | €125,438 | -€9,688 | -7.2% |
| Financial debts | 43 | €25,017 | €18,211 | -€6,807 | -27.2% |
| Credit institutions | 430/8 | €25,017 | €18,211 | -€6,807 | -27.2% |
| Trade debts | 44 | €45,461 | €42,006 | -€3,455 | -7.6% |
| Suppliers | 440/4 | €45,461 | €42,006 | -€3,455 | -7.6% |
| Taxes, remuneration and social security | 45 | €31,095 | €1,638 | -€29,456 | -94.7% |
| Taxes | 450/3 | €31,095 | €1,638 | -€29,456 | -94.7% |
| Other amounts payable | 47/48 | €33,553 | €63,583 | +€30,030 | +89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,745 | €2,745 | +€0 | 0.0% |
| Other operating charges | 640/8 | €696 | €583 | -€113 | -16.3% |
| Gross operating margin | 9900 | €70,894 | €68,002 | -€2,892 | -4.1% |
| Operating profit (loss) | 9901 | €67,453 | €64,674 | -€2,779 | -4.1% |
| Financial income | 75/76B | €18 | €499 | +€480 | +2,615% |
| Recurring financial income | 75 | €18 | €499 | +€480 | +2,615% |
| Financial charges | 65/66B | €3,282 | €3,320 | +€38 | +1.2% |
| Recurring financial charges | 65 | €3,282 | €3,320 | +€38 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €64,189 | €61,852 | -€2,337 | -3.6% |
| Income taxes | 67/77 | €16,479 | €16,420 | -€59 | -0.4% |
| Profit (loss) for the period | 9904 | €47,710 | €45,432 | -€2,278 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,710 | €45,432 | -€2,278 | -4.8% |
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 30 October 2026 via checked.be.