SPORTHO MK: 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.
SPORTHO MK
Largest movements
- Cash +€121,778
up €121,778 (+81.1%), from €150,111 to €271,889
mainly Net result for the year (+€236,581) and Depreciation (+€72,693)
- Tangible fixed assets -€71,396
down €71,396 (-8.3%), from €860,211 to €788,814
of which Land and buildings: -€42,516
- Reserves +€154,561
up €154,561 (+17.0%), from €910,139 to €1.1m
of which Distributable reserves: +€154,561
- Debts after one year -€87,361
down €87,361 (-12.1%), from €719,134 to €631,773
- Financial charges -€12,356
down €12,356 (-31.0%), from €39,906 to €27,550
- Gross operating margin +€10,867
up €10,867 (+2.5%), from €426,992 to €437,859
- Taxes +€7,341
up €7,341 (+7.1%), from €103,125 to €110,466
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 | €1,768,134 | €1,826,373 | +€58,240 | +3.3% |
| Fixed assets | 21/28 | €860,311 | €788,914 | -€71,396 | -8.3% |
| Tangible fixed assets | 22/27 | €860,211 | €788,814 | -€71,396 | -8.3% |
| Land and buildings | 22 | €762,583 | €720,067 | -€42,516 | -5.6% |
| Furniture and vehicles | 24 | €87,223 | €58,342 | -€28,880 | -33.1% |
| Other tangible fixed assets | 26 | €10,405 | €10,405 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €907,823 | €1,037,459 | +€129,636 | +14.3% |
| Amounts receivable after more than one year | 29 | €433,513 | €433,513 | = | 0.0% |
| Trade receivables | 290 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €283,513 | €283,513 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €148,418 | €147,805 | -€613 | -0.4% |
| Trade receivables | 40 | €32,749 | €32,000 | -€749 | -2.3% |
| Other amounts receivable | 41 | €115,669 | €115,805 | +€136 | +0.1% |
| Current investments | 50/53 | €29,500 | €31,500 | +€2,000 | +6.8% |
| Cash at bank and in hand | 54/58 | €150,111 | €271,889 | +€121,778 | +81.1% |
| Deferred charges and accrued income | 490/1 | €146,280 | €152,752 | +€6,471 | +4.4% |
| Total equity and liabilities | 10/49 | €1,768,134 | €1,826,373 | +€58,240 | +3.3% |
| Equity | 10/15 | €922,587 | €1,077,148 | +€154,561 | +16.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €910,139 | €1,064,700 | +€154,561 | +17.0% |
| Non-distributable reserves | 130/1 | €1,347 | €1,347 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,347 | €1,347 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,047 | €2,047 | = | 0.0% |
| Distributable reserves | 133 | €906,745 | €1,061,306 | +€154,561 | +17.0% |
| Profit (loss) carried forward | 14 | €48 | €48 | = | 0.0% |
| Amounts payable | 17/49 | €845,547 | €749,226 | -€96,321 | -11.4% |
| Amounts payable after more than one year | 17 | €719,134 | €631,773 | -€87,361 | -12.1% |
| Financial debts | 170/4 | €719,134 | €631,773 | -€87,361 | -12.1% |
| Amounts payable within one year | 42/48 | €126,413 | €117,453 | -€8,961 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €94,590 | €87,361 | -€7,229 | -7.6% |
| Trade debts | 44 | €3,698 | €6,434 | +€2,736 | +74.0% |
| Suppliers | 440/4 | €3,698 | €6,434 | +€2,736 | +74.0% |
| Taxes, remuneration and social security | 45 | €28,125 | €23,658 | -€4,467 | -15.9% |
| Taxes | 450/3 | €28,125 | €23,658 | -€4,467 | -15.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,285 | €72,693 | -€592 | -0.8% |
| Other operating charges | 640/8 | €1,787 | €5,345 | +€3,558 | +199% |
| Gross operating margin | 9900 | €426,992 | €437,859 | +€10,867 | +2.5% |
| Operating profit (loss) | 9901 | €351,920 | €359,821 | +€7,901 | +2.2% |
| Financial income | 75/76B | €13,694 | €14,775 | +€1,081 | +7.9% |
| Recurring financial income | 75 | €13,694 | €14,775 | +€1,081 | +7.9% |
| Financial charges | 65/66B | €39,906 | €27,550 | -€12,356 | -31.0% |
| Recurring financial charges | 65 | €39,906 | €27,550 | -€12,356 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €325,708 | €347,046 | +€21,338 | +6.6% |
| Income taxes | 67/77 | €103,125 | €110,466 | +€7,341 | +7.1% |
| Profit (loss) for the period | 9904 | €222,583 | €236,581 | +€13,998 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €222,583 | €236,581 | +€13,998 | +6.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.