SPORTERO: 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.
SPORTERO
Largest movements
- Deferred charges and accrued income +€57,634
up €57,634 (+277%), from €20,800 to €78,434
- Receivables within one year +€37,998
up €37,998 (+16.3%), from €233,726 to €271,724
of which Trade receivables: +€113,127
- Financial fixed assets +€33,480
up €33,480 (+62.3%), from €53,748 to €87,228
- Stocks and contracts +€25,032
new in 2025: €25,032
- Tangible fixed assets -€6,426
down €6,426 (-19.6%), from €32,751 to €26,325
of which Furniture and vehicles: -€4,895
- Profit (loss) carried forward -€453,033
down €453,033 (-70.5%), from -€642,737 to -€1.1m
- Accrued charges and deferred income +€305,291
up €305,291 (+362%), from €84,252 to €389,543
- Trade debts +€166,887
up €166,887 (+50.9%), from €328,068 to €494,955
- Other debts +€146,270
up €146,270 (+89.2%), from €163,922 to €310,192
- Tax, wage and social debts -€21,226
down €21,226 (-29.3%), from €72,375 to €51,149
of which Taxes: -€39,294
- Staff costs +€64,011
up €64,011 (+22.1%), from €289,411 to €353,422
- Gross operating margin -€50,112
down €50,112 (-6,475%), from -€774 to -€50,886
- Financial charges -€16,274
down €16,274 (-60.3%), from €26,967 to €10,693
- Provisions +€8,781
new in 2025: €8,781
- Depreciation +€5,065
up €5,065 (+28.6%), from €17,708 to €22,773
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 | €367,176 | €518,644 | +€151,469 | +41.3% |
| Fixed assets | 21/28 | €111,942 | €137,941 | +€25,999 | +23.2% |
| Intangible fixed assets | 21 | €25,443 | €24,388 | -€1,055 | -4.1% |
| Tangible fixed assets | 22/27 | €32,751 | €26,325 | -€6,426 | -19.6% |
| Plant, machinery and equipment | 23 | €19,812 | €18,281 | -€1,531 | -7.7% |
| Furniture and vehicles | 24 | €12,939 | €8,044 | -€4,895 | -37.8% |
| Financial fixed assets | 28 | €53,748 | €87,228 | +€33,480 | +62.3% |
| Current assets | 29/58 | €255,234 | €380,703 | +€125,469 | +49.2% |
| Stocks and contracts in progress | 3 | - | €25,032 | +€25,032 | |
| Stocks | 30/36 | - | €25,032 | +€25,032 | |
| Amounts receivable within one year | 40/41 | €233,726 | €271,724 | +€37,998 | +16.3% |
| Trade receivables | 40 | €82,907 | €196,034 | +€113,127 | +136% |
| Other amounts receivable | 41 | €150,819 | €75,691 | -€75,128 | -49.8% |
| Cash at bank and in hand | 54/58 | €709 | €5,513 | +€4,804 | +678% |
| Deferred charges and accrued income | 490/1 | €20,800 | €78,434 | +€57,634 | +277% |
| Total equity and liabilities | 10/49 | €367,176 | €518,644 | +€151,469 | +41.3% |
| Equity | 10/15 | -€282,943 | -€735,976 | -€453,033 | -160% |
| Contributions | 10/11 | €357,934 | €357,934 | = | 0.0% |
| Capital | 10 | €357,934 | €357,934 | = | 0.0% |
| Issued capital | 100 | €357,934 | €357,934 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€642,737 | -€1,095,770 | -€453,033 | -70.5% |
| Provisions and deferred taxes | 16 | - | €8,781 | +€8,781 | |
| Provisions for liabilities and charges | 160/5 | - | €8,781 | +€8,781 | |
| Other liabilities and charges | 164/5 | - | €8,781 | +€8,781 | |
| Amounts payable | 17/49 | €650,119 | €1,245,840 | +€595,721 | +91.6% |
| Amounts payable within one year | 42/48 | €565,866 | €856,296 | +€290,430 | +51.3% |
| Financial debts | 43 | €1,501 | - | -€1,501 | |
| Credit institutions | 430/8 | €1,501 | - | -€1,501 | |
| Trade debts | 44 | €328,068 | €494,955 | +€166,887 | +50.9% |
| Suppliers | 440/4 | €328,068 | €494,955 | +€166,887 | +50.9% |
| Taxes, remuneration and social security | 45 | €72,375 | €51,149 | -€21,226 | -29.3% |
| Taxes | 450/3 | €43,563 | €4,269 | -€39,294 | -90.2% |
| Remuneration and social security | 454/9 | €28,812 | €46,880 | +€18,068 | +62.7% |
| Other amounts payable | 47/48 | €163,922 | €310,192 | +€146,270 | +89.2% |
| Accrued charges and deferred income | 492/3 | €84,252 | €389,543 | +€305,291 | +362% |
| Remuneration, social security and pensions | 62 | €289,411 | €353,422 | +€64,011 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,708 | €22,773 | +€5,065 | +28.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,170 | +€1,170 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €8,781 | +€8,781 | |
| Other operating charges | 640/8 | €2,874 | €3,230 | +€356 | +12.4% |
| Non-recurring operating charges | 66A | - | €1,468 | +€1,468 | |
| Gross operating margin | 9900 | -€774 | -€50,886 | -€50,112 | -6,475% |
| Operating profit (loss) | 9901 | -€310,766 | -€441,730 | -€130,964 | -42.1% |
| Financial income | 75/76B | €18 | €0 | -€18 | -99.6% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -99.6% |
| Financial charges | 65/66B | €26,967 | €10,693 | -€16,274 | -60.3% |
| Recurring financial charges | 65 | €26,967 | €10,693 | -€16,274 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | -€337,715 | -€452,423 | -€114,708 | -34.0% |
| Income taxes | 67/77 | €1,657 | €610 | -€1,046 | -63.2% |
| Profit (loss) for the period | 9904 | -€339,371 | -€453,033 | -€113,662 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€339,371 | -€453,033 | -€113,662 | -33.5% |
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 17 October 2026 via checked.be.