Padel & Tennis Development: 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.
Padel & Tennis Development
Largest movements
- Receivables within one year +€22,707
up €22,707 (+866%), from €2,622 to €25,329
of which Trade receivables: +€17,783
- Cash -€17,983
down €17,983 (-41.7%), from €43,150 to €25,167
mainly Receivables within one year (-€22,707) and Net result for the year (-€2,535)
- Tangible fixed assets -€956
down €956 (-61.4%), from €1,557 to €601
- Intangible fixed assets -€579
down €579 (-30.5%), from €1,896 to €1,317
- Trade debts +€7,104
up €7,104, from €0 to €7,104
- Profit (loss) carried forward -€2,535
down €2,535, from €348 to -€2,187
- Tax, wage and social debts -€1,541
down €1,541 (-58.7%), from €2,626 to €1,085
- Gross operating margin -€18,119
down €18,119, from €17,932 to -€187
- Taxes -€2,968
down €2,968 (-100%), from €2,968 to €0
- Financial income -€201
down €201 (-100%), from €201 to €0
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 | €49,412 | €52,440 | +€3,029 | +6.1% |
| Formation expenses | 20 | €187 | €27 | -€160 | -85.7% |
| Fixed assets | 21/28 | €3,453 | €1,918 | -€1,535 | -44.5% |
| Intangible fixed assets | 21 | €1,896 | €1,317 | -€579 | -30.5% |
| Tangible fixed assets | 22/27 | €1,557 | €601 | -€956 | -61.4% |
| Plant, machinery and equipment | 23 | €1,557 | €601 | -€956 | -61.4% |
| Current assets | 29/58 | €45,771 | €50,495 | +€4,724 | +10.3% |
| Amounts receivable within one year | 40/41 | €2,622 | €25,329 | +€22,707 | +866% |
| Trade receivables | 40 | €2,546 | €20,329 | +€17,783 | +699% |
| Other amounts receivable | 41 | €76 | €5,000 | +€4,924 | +6,458% |
| Cash at bank and in hand | 54/58 | €43,150 | €25,167 | -€17,983 | -41.7% |
| Total equity and liabilities | 10/49 | €49,412 | €52,440 | +€3,029 | +6.1% |
| Equity | 10/15 | €45,348 | €42,813 | -€2,535 | -5.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,000 | €42,000 | = | 0.0% |
| Distributable reserves | 133 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €348 | -€2,187 | -€2,535 | |
| Amounts payable | 17/49 | €4,064 | €9,627 | +€5,564 | +137% |
| Amounts payable within one year | 42/48 | €4,064 | €9,627 | +€5,564 | +137% |
| Trade debts | 44 | €0 | €7,104 | +€7,104 | |
| Suppliers | 440/4 | €0 | €7,104 | +€7,104 | |
| Taxes, remuneration and social security | 45 | €2,626 | €1,085 | -€1,541 | -58.7% |
| Taxes | 450/3 | €2,626 | €1,085 | -€1,541 | -58.7% |
| Other amounts payable | 47/48 | €1,438 | €1,438 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,653 | €1,696 | +€43 | +2.6% |
| Other operating charges | 640/8 | €569 | €520 | -€49 | -8.7% |
| Non-recurring operating charges | 66A | €1,074 | €0 | -€1,074 | -100% |
| Gross operating margin | 9900 | €17,932 | -€187 | -€18,119 | |
| Operating profit (loss) | 9901 | €14,636 | -€2,402 | -€17,038 | |
| Financial income | 75/76B | €201 | €0 | -€201 | -100% |
| Recurring financial income | 75 | €201 | €0 | -€201 | -100% |
| Financial charges | 65/66B | €115 | €133 | +€19 | +16.3% |
| Recurring financial charges | 65 | €115 | €133 | +€19 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €14,723 | -€2,535 | -€17,258 | |
| Income taxes | 67/77 | €2,968 | €0 | -€2,968 | -100% |
| Profit (loss) for the period | 9904 | €11,755 | -€2,535 | -€14,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,755 | -€2,535 | -€14,290 |
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 28 October 2026 via checked.be.