SHEEP ESPORTS: 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.
SHEEP ESPORTS
Largest movements
- Receivables within one year +€77,761
up €77,761 (+183%), from €42,545 to €120,306
of which Trade receivables: +€59,926
- Cash -€34,261
down €34,261 (-28.8%), from €119,090 to €84,829
mainly Receivables within one year (-€77,761) and Investment in fixed assets (net) (-€1,847)
- Trade debts +€27,551
up €27,551 (+1,010%), from €2,727 to €30,278
- Profit (loss) carried forward +€15,978
up €15,978 (+22.8%), from -€70,029 to -€54,051
- Gross operating margin +€93,221
up €93,221, from -€68,743 to €24,477
- Staff costs +€5,028
new in 2025: €5,028
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 | €166,597 | €210,478 | +€43,880 | +26.3% |
| Fixed assets | 21/28 | €4,962 | €5,343 | +€380 | +7.7% |
| Tangible fixed assets | 22/27 | €4,842 | €5,223 | +€380 | +7.9% |
| Plant, machinery and equipment | 23 | €4,842 | €3,635 | -€1,207 | -24.9% |
| Furniture and vehicles | 24 | - | €1,588 | +€1,588 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €161,635 | €205,135 | +€43,500 | +26.9% |
| Amounts receivable within one year | 40/41 | €42,545 | €120,306 | +€77,761 | +183% |
| Trade receivables | 40 | €41,377 | €101,303 | +€59,926 | +145% |
| Other amounts receivable | 41 | €1,168 | €19,003 | +€17,835 | +1,527% |
| Cash at bank and in hand | 54/58 | €119,090 | €84,829 | -€34,261 | -28.8% |
| Total equity and liabilities | 10/49 | €166,597 | €210,478 | +€43,880 | +26.3% |
| Equity | 10/15 | €163,871 | €179,849 | +€15,978 | +9.8% |
| Contributions | 10/11 | €233,900 | €233,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,029 | -€54,051 | +€15,978 | +22.8% |
| Amounts payable | 17/49 | €2,727 | €30,629 | +€27,902 | +1,023% |
| Amounts payable within one year | 42/48 | €2,727 | €30,629 | +€27,902 | +1,023% |
| Trade debts | 44 | €2,727 | €30,278 | +€27,551 | +1,010% |
| Suppliers | 440/4 | €2,727 | €30,278 | +€27,551 | +1,010% |
| Taxes, remuneration and social security | 45 | - | €351 | +€351 | |
| Remuneration and social security | 454/9 | - | €351 | +€351 | |
| Remuneration, social security and pensions | 62 | - | €5,028 | +€5,028 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,211 | €1,467 | +€256 | +21.2% |
| Non-recurring operating charges | 66A | - | €900 | +€900 | |
| Gross operating margin | 9900 | -€68,743 | €24,477 | +€93,221 | |
| Operating profit (loss) | 9901 | -€69,954 | €17,083 | +€87,037 | |
| Financial income | 75/76B | €668 | €175 | -€493 | -73.8% |
| Recurring financial income | 75 | €668 | €175 | -€493 | -73.8% |
| Financial charges | 65/66B | €743 | €1,280 | +€536 | +72.1% |
| Recurring financial charges | 65 | €743 | €1,280 | +€536 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | -€70,029 | €15,978 | +€86,008 | |
| Profit (loss) for the period | 9904 | -€70,029 | €15,978 | +€86,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,029 | €15,978 | +€86,008 |
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.