Pro Sailing: what changed
Two fiscal 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.
What changed
Pro Sailing
NACE 93.299, Other amusement and recreation activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€16,243
2024 · -€20,923+€4,680
Equity
€43,370
2024 · €59,613-€16,243
Cash
€39,861
2024 · €41,189-€1,328
Balance sheet total
€396,550
2024 · €390,286+€6,264
Largest movements
Assets
- Tangible fixed assets +€5,464
up €5,464 (+1.7%), from €317,403 to €322,867
of which Plant, machinery and equipment: +€41,767
Equity and liabilities
- Trade debts +€59,628
up €59,628 (+1280.4%), from €4,657 to €64,285
- Other debts -€36,690
down €36,690 (-11.5%), from €319,447 to €282,757
- Profit (loss) carried forward -€16,243
down €16,243 (-10.8%), from -€150,335 to -€166,579
Income statement
- Gross operating margin +€8,653
up €8,653 (+20.6%), from €42,020 to €50,673
- Other operating charges +€8,058
up €8,058 (+56.0%), from €14,390 to €22,448
- Write-downs +€7,429
new in 2025: €7,429
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.
Result 2024
-€20,923
Gross operating margin
+€8,653
Depreciation
-€67
Write-downs
-€7,429
Other operating charges
-€8,058
Other operating items
+€11,095
Financial income
-€10
Financial charges
+€496
Result 2025
-€16,243
Cash bridge derived
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.
From operations
+€44,425
Investment
-€45,753
Financing
€0
Cash 2024
€41,189
From operations (derived)
+€44,425
Net result for the year
-€16,243
Depreciation
+€36,889
Receivables within one year
+€2,038
Deferred charges and accrued income
-€765
Trade debts
+€59,628
Tax, wage and social debts
-€533
Other debts
-€36,690
Accrued charges and deferred income
+€102
Investment (derived)
-€45,753
Investment in fixed assets (net)
-€45,753
Cash 2025
€39,861
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,286 | €396,550 | +€6,264 | +1.6% |
| Fixed assets | 21/28 | €317,403 | €326,267 | +€8,864 | +2.8% |
| Tangible fixed assets | 22/27 | €317,403 | €322,867 | +€5,464 | +1.7% |
| Land and buildings | 22 | €312,075 | €275,772 | -€36,303 | -11.6% |
| Plant, machinery and equipment | 23 | €5,327 | €47,095 | +€41,767 | +784.0% |
| Financial fixed assets | 28 | - | €3,400 | +€3,400 | |
| Current assets | 29/58 | €72,884 | €70,283 | -€2,601 | -3.6% |
| Amounts receivable within one year | 40/41 | €31,695 | €29,657 | -€2,038 | -6.4% |
| Trade receivables | 40 | €31,695 | €15,987 | -€15,708 | -49.6% |
| Other amounts receivable | 41 | - | €13,670 | +€13,670 | |
| Cash at bank and in hand | 54/58 | €41,189 | €39,861 | -€1,328 | -3.2% |
| Deferred charges and accrued income | 490/1 | - | €765 | +€765 | |
| Total equity and liabilities | 10/49 | €390,286 | €396,550 | +€6,264 | +1.6% |
| Equity | 10/15 | €59,613 | €43,370 | -€16,243 | -27.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €138,552 | €138,552 | = | 0.0% |
| Reserves | 13 | €9,396 | €9,396 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €80 | €80 | = | 0.0% |
| Distributable reserves | 133 | €3,116 | €3,116 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,335 | -€166,579 | -€16,243 | -10.8% |
| Amounts payable | 17/49 | €330,673 | €353,180 | +€22,507 | +6.8% |
| Amounts payable within one year | 42/48 | €324,637 | €347,042 | +€22,406 | +6.9% |
| Trade debts | 44 | €4,657 | €64,285 | +€59,628 | +1280.4% |
| Suppliers | 440/4 | €4,657 | €64,285 | +€59,628 | +1280.4% |
| Taxes, remuneration and social security | 45 | €533 | €0 | -€533 | -100.0% |
| Taxes | 450/3 | €533 | €0 | -€533 | -100.0% |
| Other amounts payable | 47/48 | €319,447 | €282,757 | -€36,690 | -11.5% |
| Accrued charges and deferred income | 492/3 | €6,037 | €6,138 | +€102 | +1.7% |
| Non-recurring operating income | 76A | €0 | €701 | +€701 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,822 | €36,889 | +€67 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,429 | +€7,429 | |
| Other operating charges | 640/8 | €14,390 | €22,448 | +€8,058 | +56.0% |
| Non-recurring operating charges | 66A | €11,095 | €0 | -€11,095 | -100.0% |
| Gross operating margin | 9900 | €42,020 | €50,673 | +€8,653 | +20.6% |
| Operating profit (loss) | 9901 | -€20,287 | -€16,092 | +€4,194 | +20.7% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €647 | €151 | -€496 | -76.6% |
| Recurring financial charges | 65 | €647 | €151 | -€496 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,923 | -€16,243 | +€4,680 | +22.4% |
| Profit (loss) for the period | 9904 | -€20,923 | -€16,243 | +€4,680 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,923 | -€16,243 | +€4,680 | +22.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.