NA-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.
NA-SPORT
Largest movements
- Cash -€105,280
down €105,280 (-63.9%), from €164,714 to €59,435
mainly Current portion of long-term debt (-€74,438) and Trade debts (-€63,333)
- Stocks and contracts -€48,323
down €48,323 (-17.1%), from €283,323 to €235,000
- Receivables within one year +€33,784
up €33,784 (+59.4%), from €56,849 to €90,633
of which Trade receivables: +€37,502
- Current portion of long-term debt -€74,438
down €74,438 (-77.0%), from €96,709 to €22,271
- Trade debts -€63,333
down €63,333 (-25.3%), from €250,280 to €186,947
- Debts after one year +€42,729
up €42,729 (+24.6%), from €173,658 to €216,387
of which Other amounts payable: +€65,000
- Profit (loss) carried forward -€33,850
new in 2025: -€33,850
- Short-term financial debts +€30,000
up €30,000 (+200%), from €15,000 to €45,000
- Gross operating margin -€90,593
down €90,593 (-25.4%), from €356,471 to €265,878
- Taxes -€29,083
no longer reported in 2025 (was €29,083)
- Other operating charges +€13,496
up €13,496 (+44.4%), from €30,392 to €43,888
- Staff costs +€11,409
up €11,409 (+5.4%), from €210,544 to €221,953
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 | €935,819 | €816,433 | -€119,386 | -12.8% |
| Fixed assets | 21/28 | €427,650 | €428,885 | +€1,235 | +0.3% |
| Intangible fixed assets | 21 | €1,468 | - | -€1,468 | |
| Tangible fixed assets | 22/27 | €426,181 | €428,885 | +€2,703 | +0.6% |
| Land and buildings | 22 | €413,295 | €405,195 | -€8,100 | -2.0% |
| Plant, machinery and equipment | 23 | €12,420 | €14,726 | +€2,306 | +18.6% |
| Furniture and vehicles | 24 | €466 | - | -€466 | |
| Assets under construction and advance payments | 27 | - | €8,964 | +€8,964 | |
| Current assets | 29/58 | €508,170 | €387,548 | -€120,621 | -23.7% |
| Stocks and contracts in progress | 3 | €283,323 | €235,000 | -€48,323 | -17.1% |
| Stocks | 30/36 | €283,323 | €235,000 | -€48,323 | -17.1% |
| Amounts receivable within one year | 40/41 | €56,849 | €90,633 | +€33,784 | +59.4% |
| Trade receivables | 40 | €53,121 | €90,623 | +€37,502 | +70.6% |
| Other amounts receivable | 41 | €3,728 | €10 | -€3,718 | -99.7% |
| Cash at bank and in hand | 54/58 | €164,714 | €59,435 | -€105,280 | -63.9% |
| Deferred charges and accrued income | 490/1 | €3,283 | €2,481 | -€802 | -24.4% |
| Total equity and liabilities | 10/49 | €935,819 | €816,433 | -€119,386 | -12.8% |
| Equity | 10/15 | €284,443 | €250,593 | -€33,850 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €265,843 | €265,843 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,237 | €16,237 | = | 0.0% |
| Distributable reserves | 133 | €249,606 | €249,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€33,850 | -€33,850 | |
| Amounts payable | 17/49 | €651,376 | €565,840 | -€85,536 | -13.1% |
| Amounts payable after more than one year | 17 | €173,658 | €216,387 | +€42,729 | +24.6% |
| Financial debts | 170/4 | €173,658 | €151,387 | -€22,271 | -12.8% |
| Other amounts payable | 178/9 | - | €65,000 | +€65,000 | |
| Amounts payable within one year | 42/48 | €477,719 | €349,075 | -€128,644 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €96,709 | €22,271 | -€74,438 | -77.0% |
| Financial debts | 43 | €15,000 | €45,000 | +€30,000 | +200% |
| Credit institutions | 430/8 | €15,000 | €45,000 | +€30,000 | +200% |
| Trade debts | 44 | €250,280 | €186,947 | -€63,333 | -25.3% |
| Suppliers | 440/4 | €250,280 | €186,947 | -€63,333 | -25.3% |
| Taxes, remuneration and social security | 45 | €104,907 | €82,370 | -€22,537 | -21.5% |
| Taxes | 450/3 | €85,584 | €61,560 | -€24,024 | -28.1% |
| Remuneration and social security | 454/9 | €19,323 | €20,810 | +€1,487 | +7.7% |
| Other amounts payable | 47/48 | €10,822 | €12,487 | +€1,665 | +15.4% |
| Accrued charges and deferred income | 492/3 | - | €379 | +€379 | |
| Non-recurring operating income | 76A | €9 | €14,292 | +€14,283 | +158,705% |
| Remuneration, social security and pensions | 62 | €210,544 | €221,953 | +€11,409 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,093 | €14,932 | -€161 | -1.1% |
| Other operating charges | 640/8 | €30,392 | €43,888 | +€13,496 | +44.4% |
| Gross operating margin | 9900 | €356,471 | €265,878 | -€90,593 | -25.4% |
| Operating profit (loss) | 9901 | €100,442 | -€14,895 | -€115,337 | |
| Financial income | 75/76B | €31 | €1,054 | +€1,022 | +3,275% |
| Recurring financial income | 75 | €31 | €1,054 | +€1,022 | +3,275% |
| Financial charges | 65/66B | €17,274 | €20,009 | +€2,735 | +15.8% |
| Recurring financial charges | 65 | €17,274 | €20,009 | +€2,735 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €83,199 | -€33,850 | -€117,050 | |
| Income taxes | 67/77 | €29,083 | - | -€29,083 | |
| Profit (loss) for the period | 9904 | €54,117 | -€33,850 | -€87,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,117 | -€33,850 | -€87,967 |
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 27 October 2026 via checked.be.