M + Sport: what changed
M + Sport
Largest movements
- Cash +€5,242
up €5,242 (+89.1%), from €5,884 to €11,126
mainly Net result for the year (+€2,808) and Depreciation (+€1,737)
- Tangible fixed assets -€1,737
down €1,737 (-6.8%), from €25,539 to €23,802
of which Plant, machinery and equipment: -€1,392
- Profit (loss) carried forward +€1,572
no longer reported in 2025 (was -€1,572)
- Reserves +€1,235
up €1,235 (+15.5%), from €7,966 to €9,202
- Tax, wage and social debts +€937
up €937 (+391%), from €239 to €1,176
- Gross operating margin +€1,384
up €1,384 (+25.2%), from €5,489 to €6,873
- Taxes +€937
up €937 (+391%), from €239 to €1,176
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 | €31,423 | €35,167 | +€3,745 | +11.9% |
| Fixed assets | 21/28 | €25,539 | €23,802 | -€1,737 | -6.8% |
| Tangible fixed assets | 22/27 | €25,539 | €23,802 | -€1,737 | -6.8% |
| Land and buildings | 22 | €20,911 | €20,565 | -€345 | -1.7% |
| Plant, machinery and equipment | 23 | €4,628 | €3,237 | -€1,392 | -30.1% |
| Current assets | 29/58 | €5,884 | €11,366 | +€5,482 | +93.2% |
| Amounts receivable within one year | 40/41 | - | €239 | +€239 | |
| Trade receivables | 40 | - | €239 | +€239 | |
| Cash at bank and in hand | 54/58 | €5,884 | €11,126 | +€5,242 | +89.1% |
| Total equity and liabilities | 10/49 | €31,423 | €35,167 | +€3,745 | +11.9% |
| Equity | 10/15 | €31,183 | €33,991 | +€2,808 | +9.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €7,966 | €9,202 | +€1,235 | +15.5% |
| Distributable reserves | 133 | €7,966 | €9,202 | +€1,235 | +15.5% |
| Profit (loss) carried forward | 14 | -€1,572 | - | +€1,572 | |
| Amounts payable | 17/49 | €239 | €1,176 | +€937 | +391% |
| Amounts payable within one year | 42/48 | €239 | €1,176 | +€937 | +391% |
| Taxes, remuneration and social security | 45 | €239 | €1,176 | +€937 | +391% |
| Taxes | 450/3 | €239 | €1,176 | +€937 | +391% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,737 | €1,737 | = | 0.0% |
| Other operating charges | 640/8 | €1,075 | €1,108 | +€32 | +3.0% |
| Gross operating margin | 9900 | €5,489 | €6,873 | +€1,384 | +25.2% |
| Operating profit (loss) | 9901 | €2,677 | €4,029 | +€1,352 | +50.5% |
| Financial charges | 65/66B | €43 | €45 | +€1 | +2.8% |
| Recurring financial charges | 65 | €43 | €45 | +€1 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €2,633 | €3,984 | +€1,351 | +51.3% |
| Income taxes | 67/77 | €239 | €1,176 | +€937 | +391% |
| Profit (loss) for the period | 9904 | €2,394 | €2,808 | +€414 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,394 | €2,808 | +€414 | +17.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.