Sporsystem: 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.
Sporsystem
Largest movements
- Cash -€563,098
down €563,098 (-83.0%), from €678,442 to €115,344
mainly Current portion of long-term debt (-€508,010) and Receivables within one year (-€90,346)
- Tangible fixed assets -€124,475
down €124,475 (-2.1%), from €6.0m to €5.9m
of which Land and buildings: -€100,885
- Receivables within one year +€90,346
up €90,346 (+57.9%), from €155,947 to €246,293
of which Trade receivables: +€148,551
- Current portion of long-term debt -€508,010
down €508,010 (-74.8%), from €678,785 to €170,775
- Debts after one year -€87,294
down €87,294 (-1.7%), from €5.1m to €5.0m
of which Financial debts: -€170,775
- Gross operating margin +€222,900
up €222,900 (+112%), from €198,176 to €421,076
- Financial charges +€170,735
up €170,735 (+971%), from €17,582 to €188,317
- Depreciation +€44,845
up €44,845 (+36.7%), from €122,314 to €167,159
- Financial income -€8,826
down €8,826 (-99.5%), from €8,874 to €48
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 | €6,884,363 | €6,302,553 | -€581,810 | -8.5% |
| Fixed assets | 21/28 | €6,046,058 | €5,921,583 | -€124,475 | -2.1% |
| Tangible fixed assets | 22/27 | €6,026,878 | €5,902,403 | -€124,475 | -2.1% |
| Land and buildings | 22 | €5,821,969 | €5,721,084 | -€100,885 | -1.7% |
| Plant, machinery and equipment | 23 | €204,362 | €181,182 | -€23,180 | -11.3% |
| Furniture and vehicles | 24 | €547 | €137 | -€410 | -75.0% |
| Financial fixed assets | 28 | €19,180 | €19,180 | = | 0.0% |
| Current assets | 29/58 | €838,305 | €380,970 | -€457,335 | -54.6% |
| Amounts receivable within one year | 40/41 | €155,947 | €246,293 | +€90,346 | +57.9% |
| Trade receivables | 40 | €66,745 | €215,296 | +€148,551 | +223% |
| Other amounts receivable | 41 | €89,202 | €30,997 | -€58,205 | -65.3% |
| Current investments | 50/53 | €2,846 | - | -€2,846 | |
| Cash at bank and in hand | 54/58 | €678,442 | €115,344 | -€563,098 | -83.0% |
| Deferred charges and accrued income | 490/1 | €1,070 | €19,333 | +€18,263 | +1,707% |
| Total equity and liabilities | 10/49 | €6,884,363 | €6,302,553 | -€581,810 | -8.5% |
| Equity | 10/15 | €999,538 | €1,010,920 | +€11,382 | +1.1% |
| Contributions | 10/11 | €202,000 | €202,000 | = | 0.0% |
| Capital | 10 | €202,000 | €202,000 | = | 0.0% |
| Issued capital | 100 | €202,000 | €202,000 | = | 0.0% |
| Reserves | 13 | €720,200 | €720,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,200 | €20,200 | = | 0.0% |
| Legal reserve | 130 | €20,200 | €20,200 | = | 0.0% |
| Distributable reserves | 133 | €700,000 | €700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,338 | €88,720 | +€11,382 | +14.7% |
| Amounts payable | 17/49 | €5,884,825 | €5,291,633 | -€593,192 | -10.1% |
| Amounts payable after more than one year | 17 | €5,081,353 | €4,994,059 | -€87,294 | -1.7% |
| Financial debts | 170/4 | €2,934,332 | €2,763,557 | -€170,775 | -5.8% |
| Other amounts payable | 178/9 | €2,147,021 | €2,230,502 | +€83,481 | +3.9% |
| Amounts payable within one year | 42/48 | €802,550 | €255,907 | -€546,643 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | €678,785 | €170,775 | -€508,010 | -74.8% |
| Financial debts | 43 | €58,893 | - | -€58,893 | |
| Credit institutions | 430/8 | €58,893 | - | -€58,893 | |
| Trade debts | 44 | €64,872 | €68,596 | +€3,724 | +5.7% |
| Suppliers | 440/4 | €64,872 | €68,596 | +€3,724 | +5.7% |
| Taxes, remuneration and social security | 45 | - | €16,536 | +€16,536 | |
| Taxes | 450/3 | - | €16,536 | +€16,536 | |
| Accrued charges and deferred income | 492/3 | €922 | €41,667 | +€40,745 | +4,419% |
| Non-recurring operating income | 76A | €156,333 | - | -€156,333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,314 | €167,159 | +€44,845 | +36.7% |
| Other operating charges | 640/8 | €56,651 | €53,684 | -€2,967 | -5.2% |
| Gross operating margin | 9900 | €198,176 | €421,076 | +€222,900 | +112% |
| Operating profit (loss) | 9901 | €19,211 | €200,233 | +€181,022 | +942% |
| Financial income | 75/76B | €8,874 | €48 | -€8,826 | -99.5% |
| Recurring financial income | 75 | €8,874 | €48 | -€8,826 | -99.5% |
| Financial charges | 65/66B | €17,582 | €188,317 | +€170,735 | +971% |
| Recurring financial charges | 65 | €17,582 | €188,317 | +€170,735 | +971% |
| Profit (loss) for the period before taxes | 9903 | €10,503 | €11,964 | +€1,461 | +13.9% |
| Income taxes | 67/77 | €2,482 | €582 | -€1,900 | -76.6% |
| Profit (loss) for the period | 9904 | €8,021 | €11,382 | +€3,361 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,021 | €11,382 | +€3,361 | +41.9% |
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 15 October 2026 via checked.be.