SPORTHORECA: 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.
SPORTHORECA
Largest movements
- Tangible fixed assets -€9,583
down €9,583 (-100%), from €9,583 to €0
of which Furniture and vehicles: -€8,150
- Stocks and contracts -€3,882
down €3,882 (-100%), from €3,882 to €0
- Receivables within one year -€3,528
down €3,528 (-4.3%), from €81,670 to €78,142
of which Trade receivables: -€28,011
- Cash +€3,108
up €3,108 (+520%), from €598 to €3,707
mainly Investment in fixed assets (net) (+€9,583) and Stocks and contracts (+€3,882)
- Trade debts -€14,546
down €14,546 (-100%), from €14,546 to €0
- Short-term financial debts -€4,537
down €4,537 (-100%), from €4,537 to €0
- Reserves +€3,629
up €3,629 (+8.4%), from €43,089 to €46,718
- Tax, wage and social debts +€1,569
up €1,569, from €0 to €1,569
- Gross operating margin -€22,520
down €22,520 (-37.6%), from €59,963 to €37,443
- Staff costs -€9,917
down €9,917 (-34.0%), from €29,195 to €19,278
- Depreciation -€6,333
down €6,333 (-100%), from €6,333 to €0
- Financial charges +€3,897
up €3,897 (+97.7%), from €3,990 to €7,887
- Financial income +€3,351
up €3,351 (+3,034%), from €110 to €3,462
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 | €95,733 | €81,848 | -€13,884 | -14.5% |
| Fixed assets | 21/28 | €9,583 | €0 | -€9,583 | -100% |
| Tangible fixed assets | 22/27 | €9,583 | €0 | -€9,583 | -100% |
| Plant, machinery and equipment | 23 | €1,432 | €0 | -€1,432 | -100% |
| Furniture and vehicles | 24 | €8,150 | €0 | -€8,150 | -100% |
| Current assets | 29/58 | €86,150 | €81,848 | -€4,302 | -5.0% |
| Stocks and contracts in progress | 3 | €3,882 | €0 | -€3,882 | -100% |
| Stocks | 30/36 | €3,882 | €0 | -€3,882 | -100% |
| Amounts receivable within one year | 40/41 | €81,670 | €78,142 | -€3,528 | -4.3% |
| Trade receivables | 40 | €28,011 | €0 | -€28,011 | -100% |
| Other amounts receivable | 41 | €53,659 | €78,142 | +€24,483 | +45.6% |
| Cash at bank and in hand | 54/58 | €598 | €3,707 | +€3,108 | +520% |
| Total equity and liabilities | 10/49 | €95,733 | €81,848 | -€13,884 | -14.5% |
| Equity | 10/15 | €76,650 | €80,279 | +€3,629 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,089 | €46,718 | +€3,629 | +8.4% |
| Distributable reserves | 133 | €43,089 | €46,718 | +€3,629 | +8.4% |
| Profit (loss) carried forward | 14 | €14,961 | €14,961 | = | 0.0% |
| Amounts payable | 17/49 | €19,082 | €1,569 | -€17,513 | -91.8% |
| Amounts payable within one year | 42/48 | €19,082 | €1,569 | -€17,513 | -91.8% |
| Financial debts | 43 | €4,537 | €0 | -€4,537 | -100% |
| Credit institutions | 430/8 | €4,537 | €0 | -€4,537 | -100% |
| Trade debts | 44 | €14,546 | €0 | -€14,546 | -100% |
| Suppliers | 440/4 | €14,546 | €0 | -€14,546 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €1,569 | +€1,569 | |
| Taxes | 450/3 | €0 | €1,569 | +€1,569 | |
| Remuneration, social security and pensions | 62 | €29,195 | €19,278 | -€9,917 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,333 | €0 | -€6,333 | -100% |
| Other operating charges | 640/8 | €728 | €1,868 | +€1,140 | +156% |
| Gross operating margin | 9900 | €59,963 | €37,443 | -€22,520 | -37.6% |
| Operating profit (loss) | 9901 | €23,706 | €16,297 | -€7,410 | -31.3% |
| Financial income | 75/76B | €110 | €3,462 | +€3,351 | +3,034% |
| Recurring financial income | 75 | €110 | €3,462 | +€3,351 | +3,034% |
| Financial charges | 65/66B | €3,990 | €7,887 | +€3,897 | +97.7% |
| Recurring financial charges | 65 | €3,990 | €7,887 | +€3,897 | +97.7% |
| Profit (loss) for the period before taxes | 9903 | €19,827 | €11,872 | -€7,955 | -40.1% |
| Income taxes | 67/77 | €6,429 | €8,243 | +€1,814 | +28.2% |
| Profit (loss) for the period | 9904 | €13,397 | €3,629 | -€9,769 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,397 | €3,629 | -€9,769 | -72.9% |
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 17 October 2026 via checked.be.