Outdoors: 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.
Outdoors
Largest movements
- Receivables within one year -€31,973
down €31,973 (-57.2%), from €55,861 to €23,888
of which Trade receivables: -€33,246
- Tangible fixed assets +€15,998
up €15,998 (+35.0%), from €45,681 to €61,680
of which Furniture and vehicles: +€13,821
- Cash +€6,279
new in 2025: €6,279
mainly Receivables within one year (+€31,973) and Depreciation (+€25,334)
- Deferred charges and accrued income -€2,064
no longer reported in 2025 (was €2,064)
- Stocks and contracts +€1,344
up €1,344 (+24.7%), from €5,432 to €6,777
- Debts after one year +€17,440
up €17,440 (+68.4%), from €25,508 to €42,948
- Short-term financial debts -€13,219
no longer reported in 2025 (was €13,219)
- Trade debts -€10,908
down €10,908 (-82.0%), from €13,303 to €2,395
- Reserves +€6,484
up €6,484 (+69.7%), from €9,300 to €15,783
- Current portion of long-term debt -€6,340
down €6,340 (-30.8%), from €20,592 to €14,252
- Gross operating margin +€24,994
up €24,994 (+38.9%), from €64,280 to €89,274
- Staff costs +€14,745
up €14,745 (+41.4%), from €35,600 to €50,345
- Depreciation +€4,545
up €4,545 (+21.9%), from €20,789 to €25,334
- Taxes +€1,346
up €1,346 (+95.1%), from €1,416 to €2,762
- Other operating charges +€1,009
up €1,009 (+83.9%), from €1,203 to €2,211
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 | €109,039 | €98,623 | -€10,416 | -9.6% |
| Fixed assets | 21/28 | €45,681 | €61,680 | +€15,998 | +35.0% |
| Tangible fixed assets | 22/27 | €45,681 | €61,680 | +€15,998 | +35.0% |
| Plant, machinery and equipment | 23 | €3,225 | €5,402 | +€2,177 | +67.5% |
| Furniture and vehicles | 24 | €42,457 | €56,278 | +€13,821 | +32.6% |
| Current assets | 29/58 | €63,357 | €36,943 | -€26,414 | -41.7% |
| Stocks and contracts in progress | 3 | €5,432 | €6,777 | +€1,344 | +24.7% |
| Stocks | 30/36 | €5,432 | €6,777 | +€1,344 | +24.7% |
| Amounts receivable within one year | 40/41 | €55,861 | €23,888 | -€31,973 | -57.2% |
| Trade receivables | 40 | €53,019 | €19,773 | -€33,246 | -62.7% |
| Other amounts receivable | 41 | €2,842 | €4,115 | +€1,273 | +44.8% |
| Cash at bank and in hand | 54/58 | - | €6,279 | +€6,279 | |
| Deferred charges and accrued income | 490/1 | €2,064 | - | -€2,064 | |
| Total equity and liabilities | 10/49 | €109,039 | €98,623 | -€10,416 | -9.6% |
| Equity | 10/15 | €21,300 | €27,783 | +€6,484 | +30.4% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €9,300 | €15,783 | +€6,484 | +69.7% |
| Distributable reserves | 133 | €9,300 | €15,783 | +€6,484 | +69.7% |
| Amounts payable | 17/49 | €87,739 | €70,840 | -€16,899 | -19.3% |
| Amounts payable after more than one year | 17 | €25,508 | €42,948 | +€17,440 | +68.4% |
| Financial debts | 170/4 | €25,508 | €42,948 | +€17,440 | +68.4% |
| Amounts payable within one year | 42/48 | €62,232 | €27,892 | -€34,339 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €20,592 | €14,252 | -€6,340 | -30.8% |
| Financial debts | 43 | €13,219 | - | -€13,219 | |
| Credit institutions | 430/8 | €13,219 | - | -€13,219 | |
| Trade debts | 44 | €13,303 | €2,395 | -€10,908 | -82.0% |
| Suppliers | 440/4 | €13,303 | €2,395 | -€10,908 | -82.0% |
| Taxes, remuneration and social security | 45 | €11,068 | €7,513 | -€3,554 | -32.1% |
| Taxes | 450/3 | €11,068 | €7,513 | -€3,554 | -32.1% |
| Other amounts payable | 47/48 | €4,051 | €3,732 | -€319 | -7.9% |
| Remuneration, social security and pensions | 62 | €35,600 | €50,345 | +€14,745 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,789 | €25,334 | +€4,545 | +21.9% |
| Other operating charges | 640/8 | €1,203 | €2,211 | +€1,009 | +83.9% |
| Gross operating margin | 9900 | €64,280 | €89,274 | +€24,994 | +38.9% |
| Operating profit (loss) | 9901 | €6,688 | €11,383 | +€4,695 | +70.2% |
| Financial income | 75/76B | €368 | €781 | +€413 | +112% |
| Recurring financial income | 75 | €368 | €781 | +€413 | +112% |
| Financial charges | 65/66B | €2,333 | €2,919 | +€586 | +25.1% |
| Recurring financial charges | 65 | €2,333 | €2,919 | +€586 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €4,724 | €9,246 | +€4,522 | +95.7% |
| Income taxes | 67/77 | €1,416 | €2,762 | +€1,346 | +95.1% |
| Profit (loss) for the period | 9904 | €3,307 | €6,484 | +€3,176 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,307 | €6,484 | +€3,176 | +96.0% |
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 26 October 2026 via checked.be.