Oostende Stadion: what changed
What changed
Oostende Stadion
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€828,999
2024 · -€5.8m+€5.0m
Equity
-€13.7m
2024 · -€12.8m-€841,632
Cash
€5,771
2024 · €542,616-€536,846
Balance sheet total
€21.3m
2024 · €2.8m+€18.5m
Largest movements
Assets
- Receivables within one year +€19.4m
new in 2025: €19.4m
of which Other amounts receivable: +€19.4m
- Cash -€536,846
down €536,846 (-98.9%), from €542,616 to €5,771
mainly Receivables within one year (-€19.4m) and Current portion of long-term debt (-€1.3m)
- Tangible fixed assets -€343,452
down €343,452 (-15.3%), from €2.2m to €1.9m
Equity and liabilities
- Tax, wage and social debts +€19.4m
new in 2025: €19.4m
- Current portion of long-term debt -€1.3m
down €1.3m (-57.7%), from €2.3m to €968,664
- Debts after one year +€1.1m
up €1.1m (+10.1%), from €11.3m to €12.4m
of which Other amounts payable: +€2.1m
- Profit (loss) carried forward -€828,999
down €828,999 (-5.0%), from -€16.5m to -€17.3m
Income statement
- Financial income -€411,692
down €411,692 (-97.0%), from €424,325 to €12,633
- Depreciation -€321,738
down €321,738 (-48.4%), from €665,191 to €343,452
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.
Result 2024
-€5.8m
Depreciation
+€321,738
Other operating charges
-€1,959
Other operating items
+€5.0m
Financial income
-€411,692
Financial charges
+€108,604
Result 2025
-€828,999
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€340,872
Investment
€0
Financing
-€195,974
Cash 2024
€542,616
From operations (derived)
-€340,872
Net result for the year
-€828,999
Depreciation
+€343,452
Receivables within one year
-€19.4m
Smaller working-capital items
-€31,367
Trade debts
+€66,460
Tax, wage and social debts
+€19.4m
Other debts
+€120,877
Financing
-€195,974
Debts after one year
+€1.1m
Current portion of long-term debt
-€1.3m
Contributions, distributions and other
-€12,633
Cash 2025
€5,771
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,799,340 | €21,273,398 | +€18.5m | +660% |
| Fixed assets | 21/28 | €2,247,162 | €1,903,710 | -€343,452 | -15.3% |
| Tangible fixed assets | 22/27 | €2,247,162 | €1,903,710 | -€343,452 | -15.3% |
| Other tangible fixed assets | 26 | €2,247,162 | €1,903,710 | -€343,452 | -15.3% |
| Current assets | 29/58 | €552,178 | €19,369,688 | +€18.8m | +3,408% |
| Amounts receivable within one year | 40/41 | - | €19,363,917 | +€19.4m | |
| Trade receivables | 40 | - | €11,295 | +€11,295 | |
| Other amounts receivable | 41 | - | €19,352,622 | +€19.4m | |
| Cash at bank and in hand | 54/58 | €542,616 | €5,771 | -€536,846 | -98.9% |
| Deferred charges and accrued income | 490/1 | €9,562 | - | -€9,562 | |
| Total equity and liabilities | 10/49 | €2,799,340 | €21,273,398 | +€18.5m | +660% |
| Equity | 10/15 | -€12,836,134 | -€13,677,766 | -€841,632 | -6.6% |
| Contributions | 10/11 | €3,561,500 | €3,561,500 | = | 0.0% |
| Capital | 10 | €3,561,500 | €3,561,500 | = | 0.0% |
| Issued capital | 100 | €3,561,500 | €3,561,500 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,483,291 | -€17,312,290 | -€828,999 | -5.0% |
| Investment grants | 15 | €82,657 | €70,024 | -€12,633 | -15.3% |
| Amounts payable | 17/49 | €15,635,474 | €34,951,164 | +€19.3m | +124% |
| Amounts payable after more than one year | 17 | €11,301,964 | €12,439,735 | +€1.1m | +10.1% |
| Financial debts | 170/4 | €5,368,664 | €4,400,000 | -€968,664 | -18.0% |
| Credit institutions | 173 | €5,368,664 | €4,400,000 | -€968,664 | -18.0% |
| Other amounts payable | 178/9 | €5,933,300 | €8,039,735 | +€2.1m | +35.5% |
| Amounts payable within one year | 42/48 | €4,252,398 | €22,471,246 | +€18.2m | +428% |
| Current portion of amounts payable after more than one year | 42 | €2,289,776 | €968,664 | -€1.3m | -57.7% |
| Trade debts | 44 | €406,924 | €473,385 | +€66,460 | +16.3% |
| Suppliers | 440/4 | €406,924 | €473,385 | +€66,460 | +16.3% |
| Taxes, remuneration and social security | 45 | - | €19,352,622 | +€19.4m | |
| Taxes | 450/3 | - | €19,352,622 | +€19.4m | |
| Other amounts payable | 47/48 | €1,555,698 | €1,676,575 | +€120,877 | +7.8% |
| Accrued charges and deferred income | 492/3 | €81,112 | €40,184 | -€40,929 | -50.5% |
| Operating income | 70/76A | €1,331,896 | €9,621 | -€1.3m | -99.3% |
| Other operating income | 74 | - | €9,621 | +€9,621 | |
| Non-recurring operating income | 76A | €1,331,896 | - | -€1.3m | |
| Operating charges | 60/66A | €7,026,240 | €429,311 | -€6.6m | -93.9% |
| Services and other goods | 61 | €110,544 | €83,394 | -€27,150 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €665,191 | €343,452 | -€321,738 | -48.4% |
| Other operating charges | 640/8 | €506 | €2,465 | +€1,959 | +388% |
| Non-recurring operating charges | 66A | €6,250,000 | - | -€6.3m | |
| Operating profit (loss) | 9901 | -€5,694,344 | -€419,690 | +€5.3m | +92.6% |
| Financial income | 75/76B | €424,325 | €12,633 | -€411,692 | -97.0% |
| Recurring financial income | 75 | €424,325 | €12,633 | -€411,692 | -97.0% |
| Other financial income | 752/9 | €424,325 | €12,633 | -€411,692 | -97.0% |
| Financial charges | 65/66B | €530,546 | €421,942 | -€108,604 | -20.5% |
| Recurring financial charges | 65 | €530,546 | €421,942 | -€108,604 | -20.5% |
| Debt charges | 650 | €408,956 | €300,526 | -€108,431 | -26.5% |
| Other financial charges | 652/9 | €121,589 | €121,416 | -€173 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,800,565 | -€828,999 | +€5.0m | +85.7% |
| Profit (loss) for the period | 9904 | -€5,800,565 | -€828,999 | +€5.0m | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,800,565 | -€828,999 | +€5.0m | +85.7% |
Next steps
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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.