SIX NATIONS: 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.
SIX NATIONS
Largest movements
- Tangible fixed assets -€111,946
down €111,946 (-5.2%), from €2.2m to €2.1m
of which Land and buildings: -€92,827
- Cash -€88,867
down €88,867 (-78.7%), from €112,922 to €24,056
mainly Debts after one year (-€135,142) and Other debts (-€72,312)
- Debts after one year -€135,142
down €135,142 (-7.8%), from €1.7m to €1.6m
- Other debts -€72,312
down €72,312 (-68.6%), from €105,472 to €33,161
- Gross operating margin -€82,257
down €82,257 (-12.3%), from €666,636 to €584,379
- Depreciation -€52,504
down €52,504 (-31.9%), from €164,449 to €111,946
- Staff costs -€20,115
down €20,115 (-5.1%), from €395,476 to €375,361
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 | €2,389,942 | €2,188,918 | -€201,024 | -8.4% |
| Fixed assets | 21/28 | €2,263,530 | €2,151,584 | -€111,946 | -4.9% |
| Intangible fixed assets | 21 | €90,350 | €90,350 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,173,000 | €2,061,054 | -€111,946 | -5.2% |
| Land and buildings | 22 | €2,128,558 | €2,035,731 | -€92,827 | -4.4% |
| Plant, machinery and equipment | 23 | €44,108 | €25,323 | -€18,785 | -42.6% |
| Other tangible fixed assets | 26 | €334 | - | -€334 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €126,412 | €37,334 | -€89,079 | -70.5% |
| Stocks and contracts in progress | 3 | €7,414 | €7,727 | +€313 | +4.2% |
| Stocks | 30/36 | €7,414 | €7,727 | +€313 | +4.2% |
| Amounts receivable within one year | 40/41 | €6,075 | €5,550 | -€525 | -8.6% |
| Other amounts receivable | 41 | €6,075 | €5,550 | -€525 | -8.6% |
| Cash at bank and in hand | 54/58 | €112,922 | €24,056 | -€88,867 | -78.7% |
| Total equity and liabilities | 10/49 | €2,389,942 | €2,188,918 | -€201,024 | -8.4% |
| Equity | 10/15 | €331,759 | €333,705 | +€1,946 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €313,159 | €315,105 | +€1,946 | +0.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €311,299 | €313,245 | +€1,946 | +0.6% |
| Amounts payable | 17/49 | €2,058,183 | €1,855,213 | -€202,971 | -9.9% |
| Amounts payable after more than one year | 17 | €1,727,871 | €1,592,729 | -€135,142 | -7.8% |
| Financial debts | 170/4 | €1,727,871 | €1,592,729 | -€135,142 | -7.8% |
| Amounts payable within one year | 42/48 | €330,312 | €262,483 | -€67,828 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €130,913 | €139,556 | +€8,643 | +6.6% |
| Trade debts | 44 | €55,877 | €61,357 | +€5,481 | +9.8% |
| Suppliers | 440/4 | €55,877 | €61,357 | +€5,481 | +9.8% |
| Taxes, remuneration and social security | 45 | €38,050 | €28,409 | -€9,641 | -25.3% |
| Taxes | 450/3 | €17,058 | €12,168 | -€4,890 | -28.7% |
| Remuneration and social security | 454/9 | €20,992 | €16,242 | -€4,750 | -22.6% |
| Other amounts payable | 47/48 | €105,472 | €33,161 | -€72,312 | -68.6% |
| Remuneration, social security and pensions | 62 | €395,476 | €375,361 | -€20,115 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,449 | €111,946 | -€52,504 | -31.9% |
| Other operating charges | 640/8 | €15,778 | €19,141 | +€3,364 | +21.3% |
| Gross operating margin | 9900 | €666,636 | €584,379 | -€82,257 | -12.3% |
| Operating profit (loss) | 9901 | €90,933 | €77,931 | -€13,002 | -14.3% |
| Financial income | 75/76B | €26 | €124 | +€98 | +373% |
| Recurring financial income | 75 | €26 | €124 | +€98 | +373% |
| Financial charges | 65/66B | €71,247 | €76,109 | +€4,861 | +6.8% |
| Recurring financial charges | 65 | €71,247 | €76,109 | +€4,861 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €19,712 | €1,946 | -€17,766 | -90.1% |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | €19,710 | €1,946 | -€17,764 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,710 | €1,946 | -€17,764 | -90.1% |
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 14 October 2026 via checked.be.