OLD TRAFFORD: 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.
OLD TRAFFORD
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+205%), from €670,375 to €2.0m
of which Land and buildings: +€1.4m
- Receivables within one year +€80,745
up €80,745 (+141%), from €57,083 to €137,828
of which Trade receivables: +€75,015
- Cash -€68,445
down €68,445 (-54.5%), from €125,619 to €57,174
mainly Investment in fixed assets (net) (-€1.5m) and Contributions, distributions and other (-€200,000)
- Debts after one year +€533,668
up €533,668 (+257%), from €207,456 to €741,125
- Other debts +€522,639
up €522,639 (+297%), from €176,000 to €698,639
- Profit (loss) carried forward +€107,632
up €107,632 (+62.5%), from €172,321 to €279,953
- Advances received +€101,696
new in 2025: €101,696
- Current portion of long-term debt +€96,382
up €96,382 (+183%), from €52,710 to €149,092
- Gross operating margin +€429,773
up €429,773 (+38.2%), from €1.1m to €1.6m
- Staff costs +€251,263
up €251,263 (+32.6%), from €771,844 to €1.0m
- Financial charges +€47,622
up €47,622 (+148%), from €32,128 to €79,750
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 | €901,569 | €2,293,946 | +€1.4m | +154% |
| Fixed assets | 21/28 | €670,375 | €2,046,912 | +€1.4m | +205% |
| Tangible fixed assets | 22/27 | €670,375 | €2,046,912 | +€1.4m | +205% |
| Land and buildings | 22 | €509,828 | €1,914,852 | +€1.4m | +276% |
| Plant, machinery and equipment | 23 | €115,866 | €95,480 | -€20,386 | -17.6% |
| Furniture and vehicles | 24 | €44,682 | €36,580 | -€8,102 | -18.1% |
| Current assets | 29/58 | €231,194 | €247,034 | +€15,840 | +6.9% |
| Stocks and contracts in progress | 3 | €48,491 | €52,032 | +€3,541 | +7.3% |
| Stocks | 30/36 | €48,491 | €52,032 | +€3,541 | +7.3% |
| Amounts receivable within one year | 40/41 | €57,083 | €137,828 | +€80,745 | +141% |
| Trade receivables | 40 | €6,743 | €81,758 | +€75,015 | +1,113% |
| Other amounts receivable | 41 | €50,340 | €56,070 | +€5,729 | +11.4% |
| Cash at bank and in hand | 54/58 | €125,619 | €57,174 | -€68,445 | -54.5% |
| Total equity and liabilities | 10/49 | €901,569 | €2,293,946 | +€1.4m | +154% |
| Equity | 10/15 | €190,190 | €297,822 | +€107,632 | +56.6% |
| Contributions | 10/11 | €14,800 | €14,800 | = | 0.0% |
| Reserves | 13 | €3,069 | €3,069 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,209 | €1,209 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,321 | €279,953 | +€107,632 | +62.5% |
| Amounts payable | 17/49 | €711,379 | €1,996,124 | +€1.3m | +181% |
| Amounts payable after more than one year | 17 | €207,456 | €741,125 | +€533,668 | +257% |
| Financial debts | 170/4 | €207,456 | €741,125 | +€533,668 | +257% |
| Amounts payable within one year | 42/48 | €503,922 | €1,254,999 | +€751,077 | +149% |
| Current portion of amounts payable after more than one year | 42 | €52,710 | €149,092 | +€96,382 | +183% |
| Financial debts | 43 | €58,824 | - | -€58,824 | |
| Other loans | 439 | €58,824 | - | -€58,824 | |
| Trade debts | 44 | €198,331 | €244,665 | +€46,334 | +23.4% |
| Suppliers | 440/4 | €198,331 | €244,665 | +€46,334 | +23.4% |
| Advances received on contracts in progress | 46 | - | €101,696 | +€101,696 | |
| Taxes, remuneration and social security | 45 | €18,057 | €60,907 | +€42,850 | +237% |
| Taxes | 450/3 | €17,170 | €59,875 | +€42,704 | +249% |
| Remuneration and social security | 454/9 | €887 | €1,032 | +€145 | +16.4% |
| Other amounts payable | 47/48 | €176,000 | €698,639 | +€522,639 | +297% |
| Remuneration, social security and pensions | 62 | €771,844 | €1,023,107 | +€251,263 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,253 | €93,323 | +€6,069 | +7.0% |
| Other operating charges | 640/8 | €2,318 | €6,668 | +€4,350 | +188% |
| Gross operating margin | 9900 | €1,123,708 | €1,553,481 | +€429,773 | +38.2% |
| Operating profit (loss) | 9901 | €262,293 | €430,383 | +€168,091 | +64.1% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €32,128 | €79,750 | +€47,622 | +148% |
| Recurring financial charges | 65 | €32,128 | €79,750 | +€47,622 | +148% |
| Profit (loss) for the period before taxes | 9903 | €230,165 | €350,638 | +€120,473 | +52.3% |
| Income taxes | 67/77 | €58,507 | €43,006 | -€15,500 | -26.5% |
| Profit (loss) for the period | 9904 | €171,658 | €307,632 | +€135,973 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €171,658 | €307,632 | +€135,973 | +79.2% |
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 17 October 2026 via checked.be.