MEPHYSPORT: 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.
MEPHYSPORT
Largest movements
- Cash +€128,732
up €128,732 (+40.4%), from €318,548 to €447,281
mainly Net result for the year (+€131,045) and Depreciation (+€35,318)
- Tangible fixed assets -€33,169
down €33,169 (-13.2%), from €251,529 to €218,360
- Receivables within one year +€24,916
up €24,916 (+42.4%), from €58,768 to €83,685
- Deferred charges and accrued income +€12,848
up €12,848 (+18.8%), from €68,430 to €81,279
- Reserves +€131,045
up €131,045 (+96.5%), from €135,772 to €266,817
- Tax, wage and social debts +€11,468
new in 2025: €11,468
- Gross operating margin +€73,545
up €73,545 (+47.8%), from €153,975 to €227,520
- Taxes +€24,585
up €24,585 (+76.5%), from €32,134 to €56,719
- Financial charges +€4,381
up €4,381 (+426.3%), from €1,028 to €5,408
- Depreciation -€3,030
down €3,030 (-7.9%), from €38,349 to €35,318
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.
Cash bridge derived
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 | €698,199 | €831,529 | +€133,330 | +19.1% |
| Fixed assets | 21/28 | €251,529 | €218,360 | -€33,169 | -13.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €251,529 | €218,360 | -€33,169 | -13.2% |
| Land and buildings | 22 | €182,054 | €165,643 | -€16,411 | -9.0% |
| Plant, machinery and equipment | 23 | €1,075 | €750 | -€324 | -30.2% |
| Furniture and vehicles | 24 | €45,526 | €32,506 | -€13,020 | -28.6% |
| Other tangible fixed assets | 26 | €22,875 | €19,461 | -€3,414 | -14.9% |
| Current assets | 29/58 | €446,669 | €613,169 | +€166,499 | +37.3% |
| Amounts receivable within one year | 40/41 | €58,768 | €83,685 | +€24,916 | +42.4% |
| Other amounts receivable | 41 | €58,768 | €83,685 | +€24,916 | +42.4% |
| Current investments | 50/53 | €922 | €925 | +€3 | +0.3% |
| Cash at bank and in hand | 54/58 | €318,548 | €447,281 | +€128,732 | +40.4% |
| Deferred charges and accrued income | 490/1 | €68,430 | €81,279 | +€12,848 | +18.8% |
| Total equity and liabilities | 10/49 | €698,199 | €831,529 | +€133,330 | +19.1% |
| Equity | 10/15 | €649,048 | €780,093 | +€131,045 | +20.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €135,772 | €266,817 | +€131,045 | +96.5% |
| Distributable reserves | 133 | €135,772 | €266,817 | +€131,045 | +96.5% |
| Profit (loss) carried forward | 14 | €500,875 | €500,875 | = | 0.0% |
| Amounts payable | 17/49 | €49,151 | €51,436 | +€2,285 | +4.6% |
| Amounts payable after more than one year | 17 | €37,682 | €31,846 | -€5,836 | -15.5% |
| Financial debts | 170/4 | €37,682 | €31,846 | -€5,836 | -15.5% |
| Amounts payable within one year | 42/48 | €11,469 | €19,590 | +€8,121 | +70.8% |
| Current portion of amounts payable after more than one year | 42 | €5,734 | €5,836 | +€102 | +1.8% |
| Financial debts | 43 | €3,298 | €731 | -€2,567 | -77.8% |
| Credit institutions | 430/8 | €3,298 | €731 | -€2,567 | -77.8% |
| Trade debts | 44 | €2,438 | €1,555 | -€882 | -36.2% |
| Suppliers | 440/4 | €2,438 | €1,555 | -€882 | -36.2% |
| Taxes, remuneration and social security | 45 | - | €11,468 | +€11,468 | |
| Taxes | 450/3 | - | €11,468 | +€11,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,349 | €35,318 | -€3,030 | -7.9% |
| Other operating charges | 640/8 | €3,146 | €2,313 | -€833 | -26.5% |
| Gross operating margin | 9900 | €153,975 | €227,520 | +€73,545 | +47.8% |
| Operating profit (loss) | 9901 | €112,480 | €189,889 | +€77,409 | +68.8% |
| Financial income | 75/76B | €1,107 | €3,283 | +€2,177 | +196.6% |
| Recurring financial income | 75 | €1,107 | €3,283 | +€2,177 | +196.6% |
| Financial charges | 65/66B | €1,028 | €5,408 | +€4,381 | +426.3% |
| Recurring financial charges | 65 | €1,028 | €5,408 | +€4,381 | +426.3% |
| Profit (loss) for the period before taxes | 9903 | €112,560 | €187,764 | +€75,205 | +66.8% |
| Income taxes | 67/77 | €32,134 | €56,719 | +€24,585 | +76.5% |
| Profit (loss) for the period | 9904 | €80,426 | €131,045 | +€50,619 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,426 | €131,045 | +€50,619 | +62.9% |
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 9 October 2026 via checked.be.