Maple Leaf 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.
Maple Leaf Sport
Largest movements
- Cash -€365,634
down €365,634 (-71.8%), from €508,946 to €143,312
mainly Contributions, distributions and other (-€350,000) and Stocks and contracts (-€272,258)
- Stocks and contracts +€272,258
up €272,258 (+12.8%), from €2.1m to €2.4m
- Receivables within one year +€149,106
up €149,106 (+14.9%), from €997,688 to €1.1m
of which Trade receivables: +€135,873
- Current investments +€100,000
up €100,000 (+33.3%), from €300,000 to €400,000
- Reserves +€316,595
up €316,595 (+12.4%), from €2.6m to €2.9m
of which Distributable reserves: +€316,595
- Debts after one year -€107,580
down €107,580 (-50.0%), from €215,290 to €107,710
- Gross operating margin +€152,867
up €152,867 (+14.7%), from €1.0m to €1.2m
- Financial income +€50,843
up €50,843 (+103%), from €49,208 to €100,051
- Financial charges +€37,538
up €37,538 (+72.1%), from €52,045 to €89,583
- Write-downs +€34,480
up €34,480 (+62.5%), from -€55,162 to -€20,682
- Taxes +€33,425
up €33,425 (+17.6%), from €189,887 to €223,311
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 | €3,999,593 | €4,167,047 | +€167,454 | +4.2% |
| Fixed assets | 21/28 | €72,588 | €84,311 | +€11,724 | +16.2% |
| Tangible fixed assets | 22/27 | €35,988 | €42,711 | +€6,724 | +18.7% |
| Plant, machinery and equipment | 23 | €6,603 | €19,009 | +€12,405 | +188% |
| Furniture and vehicles | 24 | €29,384 | €23,703 | -€5,682 | -19.3% |
| Financial fixed assets | 28 | €36,600 | €41,600 | +€5,000 | +13.7% |
| Current assets | 29/58 | €3,927,005 | €4,082,736 | +€155,731 | +4.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €2,119,773 | €2,392,031 | +€272,258 | +12.8% |
| Stocks | 30/36 | €2,119,773 | €2,392,031 | +€272,258 | +12.8% |
| Amounts receivable within one year | 40/41 | €997,688 | €1,146,794 | +€149,106 | +14.9% |
| Trade receivables | 40 | €995,897 | €1,131,770 | +€135,873 | +13.6% |
| Other amounts receivable | 41 | €1,791 | €15,024 | +€13,233 | +739% |
| Current investments | 50/53 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €508,946 | €143,312 | -€365,634 | -71.8% |
| Deferred charges and accrued income | 490/1 | €599 | €599 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,999,593 | €4,167,047 | +€167,454 | +4.2% |
| Equity | 10/15 | €2,654,639 | €2,971,234 | +€316,595 | +11.9% |
| Contributions | 10/11 | €96,142 | €96,142 | = | 0.0% |
| Reserves | 13 | €2,558,497 | €2,875,092 | +€316,595 | +12.4% |
| Non-distributable reserves | 130/1 | €9,614 | €9,614 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,614 | €9,614 | = | 0.0% |
| Distributable reserves | 133 | €2,548,883 | €2,865,478 | +€316,595 | +12.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,344,953 | €1,195,813 | -€149,140 | -11.1% |
| Amounts payable after more than one year | 17 | €215,290 | €107,710 | -€107,580 | -50.0% |
| Financial debts | 170/4 | €215,290 | €107,710 | -€107,580 | -50.0% |
| Amounts payable within one year | 42/48 | €1,121,064 | €1,083,355 | -€37,708 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €7,452 | €7,580 | +€128 | +1.7% |
| Trade debts | 44 | €526,663 | €501,423 | -€25,240 | -4.8% |
| Suppliers | 440/4 | €526,663 | €501,423 | -€25,240 | -4.8% |
| Taxes, remuneration and social security | 45 | €134,714 | €124,352 | -€10,361 | -7.7% |
| Taxes | 450/3 | €74,819 | €64,473 | -€10,345 | -13.8% |
| Remuneration and social security | 454/9 | €59,895 | €59,879 | -€16 | 0.0% |
| Other amounts payable | 47/48 | €452,235 | €450,000 | -€2,235 | -0.5% |
| Accrued charges and deferred income | 492/3 | €8,600 | €4,748 | -€3,852 | -44.8% |
| Remuneration, social security and pensions | 62 | €312,566 | €312,076 | -€490 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,729 | €18,449 | +€3,720 | +25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€55,162 | -€20,682 | +€34,480 | +62.5% |
| Other operating charges | 640/8 | €15,538 | €2,482 | -€13,056 | -84.0% |
| Gross operating margin | 9900 | €1,038,895 | €1,191,763 | +€152,867 | +14.7% |
| Operating profit (loss) | 9901 | €751,225 | €879,437 | +€128,213 | +17.1% |
| Financial income | 75/76B | €49,208 | €100,051 | +€50,843 | +103% |
| Recurring financial income | 75 | €49,208 | €100,051 | +€50,843 | +103% |
| Financial charges | 65/66B | €52,045 | €89,583 | +€37,538 | +72.1% |
| Recurring financial charges | 65 | €52,045 | €89,583 | +€37,538 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €748,388 | €889,906 | +€141,518 | +18.9% |
| Income taxes | 67/77 | €189,887 | €223,311 | +€33,425 | +17.6% |
| Profit (loss) for the period | 9904 | €558,502 | €666,595 | +€108,093 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €558,502 | €666,595 | +€108,093 | +19.4% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.