SPORTEX TEAM: 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.
SPORTEX TEAM
Largest movements
- Stocks and contracts +€40,836
up €40,836 (+11.9%), from €341,885 to €382,720
- Receivables within one year -€33,174
down €33,174 (-47.6%), from €69,685 to €36,511
of which Trade receivables: -€32,198
- Tangible fixed assets -€26,659
down €26,659 (-13.0%), from €205,351 to €178,692
of which Land and buildings: -€17,003
- Deferred charges and accrued income +€10,642
up €10,642 (+201%), from €5,300 to €15,942
- Intangible fixed assets +€8,894
new in 2025: €8,894
- Short-term financial debts +€45,211
up €45,211 (+130%), from €34,772 to €79,982
- Profit (loss) carried forward -€26,438
down €26,438 (-68.5%), from €38,575 to €12,137
- Debts after one year -€24,754
down €24,754 (-13.1%), from €188,285 to €163,531
of which Financial debts: -€24,754
- Other debts -€10,061
down €10,061 (-31.4%), from €32,031 to €21,970
- Trade debts +€9,791
up €9,791 (+12.4%), from €78,649 to €88,439
- Gross operating margin -€51,302
down €51,302 (-18.2%), from €282,273 to €230,971
- Staff costs +€14,772
up €14,772 (+8.1%), from €182,014 to €196,786
- Taxes -€10,982
down €10,982 (-100%), from €10,982 to €0
- Financial charges -€6,431
down €6,431 (-33.5%), from €19,183 to €12,752
of which Financial charges: -€5,580
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 | €631,178 | €629,381 | -€1,796 | -0.3% |
| Fixed assets | 21/28 | €205,626 | €187,861 | -€17,765 | -8.6% |
| Intangible fixed assets | 21 | - | €8,894 | +€8,894 | |
| Tangible fixed assets | 22/27 | €205,351 | €178,692 | -€26,659 | -13.0% |
| Land and buildings | 22 | €156,278 | €139,275 | -€17,003 | -10.9% |
| Plant, machinery and equipment | 23 | €4,267 | €3,077 | -€1,190 | -27.9% |
| Furniture and vehicles | 24 | €792 | €4,299 | +€3,507 | +443% |
| Leasing and similar rights | 25 | €44,014 | €32,041 | -€11,972 | -27.2% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €425,552 | €441,520 | +€15,968 | +3.8% |
| Stocks and contracts in progress | 3 | €341,885 | €382,720 | +€40,836 | +11.9% |
| Stocks | 30/36 | €341,885 | €382,720 | +€40,836 | +11.9% |
| Amounts receivable within one year | 40/41 | €69,685 | €36,511 | -€33,174 | -47.6% |
| Trade receivables | 40 | €63,712 | €31,514 | -€32,198 | -50.5% |
| Other amounts receivable | 41 | €5,973 | €4,997 | -€976 | -16.3% |
| Cash at bank and in hand | 54/58 | €8,682 | €6,347 | -€2,335 | -26.9% |
| Deferred charges and accrued income | 490/1 | €5,300 | €15,942 | +€10,642 | +201% |
| Total equity and liabilities | 10/49 | €631,178 | €629,381 | -€1,796 | -0.3% |
| Equity | 10/15 | €195,820 | €168,957 | -€26,862 | -13.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €83,000 | €83,000 | = | 0.0% |
| Distributable reserves | 133 | €83,000 | €83,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,575 | €12,137 | -€26,438 | -68.5% |
| Investment grants | 15 | €4,244 | €3,820 | -€424 | -10.0% |
| Amounts payable | 17/49 | €435,358 | €460,424 | +€25,066 | +5.8% |
| Amounts payable after more than one year | 17 | €188,285 | €163,531 | -€24,754 | -13.1% |
| Financial debts | 170/4 | €138,285 | €113,531 | -€24,754 | -17.9% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €215,253 | €264,672 | +€49,420 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €33,930 | €36,706 | +€2,775 | +8.2% |
| Financial debts | 43 | €34,772 | €79,982 | +€45,211 | +130% |
| Credit institutions | 430/8 | €34,772 | €79,982 | +€45,211 | +130% |
| Trade debts | 44 | €78,649 | €88,439 | +€9,791 | +12.4% |
| Suppliers | 440/4 | €78,649 | €88,439 | +€9,791 | +12.4% |
| Taxes, remuneration and social security | 45 | €35,870 | €37,575 | +€1,704 | +4.8% |
| Taxes | 450/3 | €13,548 | €12,231 | -€1,317 | -9.7% |
| Remuneration and social security | 454/9 | €22,323 | €25,344 | +€3,022 | +13.5% |
| Other amounts payable | 47/48 | €32,031 | €21,970 | -€10,061 | -31.4% |
| Accrued charges and deferred income | 492/3 | €31,820 | €32,220 | +€400 | +1.3% |
| Remuneration, social security and pensions | 62 | €182,014 | €196,786 | +€14,772 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,442 | €32,907 | +€1,466 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,578 | €12,503 | +€925 | +8.0% |
| Other operating charges | 640/8 | €4,252 | €4,394 | +€141 | +3.3% |
| Gross operating margin | 9900 | €282,273 | €230,971 | -€51,302 | -18.2% |
| Operating profit (loss) | 9901 | €52,987 | -€15,620 | -€68,607 | |
| Financial income | 75/76B | €2,055 | €1,934 | -€121 | -5.9% |
| Recurring financial income | 75 | €2,055 | €1,934 | -€121 | -5.9% |
| Financial charges | 65/66B | €19,183 | €12,752 | -€6,431 | -33.5% |
| Recurring financial charges | 65 | €18,332 | €12,752 | -€5,580 | -30.4% |
| Non-recurring financial charges | 66B | €851 | €0 | -€851 | -100% |
| Profit (loss) for the period before taxes | 9903 | €35,859 | -€26,438 | -€62,297 | |
| Income taxes | 67/77 | €10,982 | €0 | -€10,982 | -100% |
| Profit (loss) for the period | 9904 | €24,877 | -€26,438 | -€51,315 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,877 | -€26,438 | -€51,315 |
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 1 November 2026 via checked.be.