SPORTPASSIE: what changed
What changed
SPORTPASSIE
NACE 93.110, Operation of sports facilities
filed annual accounts (NBB)
Net result for the year
-€147,270
2024 · -€64,515-€82,755
Equity
€1.2m
2024 · €163,485+€1.0m
Cash
€37,935
2024 · €76,087-€38,152
Balance sheet total
€4.5m
2024 · €1.8m+€2.7m
Largest movements
Assets
- Tangible fixed assets +€2.7m
up €2.7m (+154%), from €1.7m to €4.4m
of which Land and buildings: +€2.5m
- Deferred charges and accrued income +€58,375
up €58,375 (+837%), from €6,974 to €65,350
Equity and liabilities
- Debts after one year +€1.6m
up €1.6m (+185%), from €872,000 to €2.5m
of which Financial debts: +€1.5m
- Investment grants +€619,526
new in 2025: €619,526
- Contributions +€556,500
up €556,500 (+244%), from €228,000 to €784,500
- Trade debts -€285,261
down €285,261 (-72.6%), from €392,974 to €107,712
- Provisions +€206,509
new in 2025: €206,509
Income statement
- Gross operating margin +€214,238
up €214,238, from -€25,140 to €189,098
- Depreciation +€166,479
up €166,479 (+672%), from €24,768 to €191,247
- Financial charges +€128,441
up €128,441 (+991%), from €12,958 to €141,400
- Staff costs +€41,825
new in 2025: €41,825
- Financial income +€33,320
new in 2025: €33,320
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€64,515
Gross operating margin
+€214,238
Staff costs
-€41,825
Depreciation
-€166,479
Other operating charges
-€4,437
Financial income
+€33,320
Financial charges
-€128,441
Deferred taxes and other
+€10,869
Result 2025
-€147,270
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€52,280
Investment
-€2.9m
Financing
+€2.9m
Cash 2024
€76,087
From operations (derived)
-€52,280
Net result for the year
-€147,270
Depreciation
+€191,247
Receivables within one year
+€19,342
Deferred charges and accrued income
-€58,375
Provisions
+€206,509
Trade debts
-€285,261
Tax, wage and social debts
+€20,586
Other debts
+€943
Investment (derived)
-€2.9m
Investment in fixed assets (net)
-€2.9m
Financing
+€2.9m
Debts after one year
+€1.6m
Current portion of long-term debt
+€86,824
Contributions, distributions and other
+€1.2m
Cash 2025
€37,935
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,837,521 | €4,505,959 | +€2.7m | +145% |
| Fixed assets | 21/28 | €1,733,011 | €4,400,567 | +€2.7m | +154% |
| Tangible fixed assets | 22/27 | €1,733,011 | €4,400,567 | +€2.7m | +154% |
| Land and buildings | 22 | €1,724,582 | €4,228,809 | +€2.5m | +145% |
| Plant, machinery and equipment | 23 | €2,914 | €40,517 | +€37,603 | +1,290% |
| Furniture and vehicles | 24 | €5,515 | €7,990 | +€2,475 | +44.9% |
| Other tangible fixed assets | 26 | - | €123,252 | +€123,252 | |
| Current assets | 29/58 | €104,510 | €105,391 | +€881 | +0.8% |
| Amounts receivable within one year | 40/41 | €21,448 | €2,107 | -€19,342 | -90.2% |
| Trade receivables | 40 | €8,550 | €2,107 | -€6,443 | -75.4% |
| Other amounts receivable | 41 | €12,899 | - | -€12,899 | |
| Cash at bank and in hand | 54/58 | €76,087 | €37,935 | -€38,152 | -50.1% |
| Deferred charges and accrued income | 490/1 | €6,974 | €65,350 | +€58,375 | +837% |
| Total equity and liabilities | 10/49 | €1,837,521 | €4,505,959 | +€2.7m | +145% |
| Equity | 10/15 | €163,485 | €1,192,240 | +€1.0m | +629% |
| Contributions | 10/11 | €228,000 | €784,500 | +€556,500 | +244% |
| Profit (loss) carried forward | 14 | -€64,515 | -€211,785 | -€147,270 | -228% |
| Investment grants | 15 | - | €619,526 | +€619,526 | |
| Provisions and deferred taxes | 16 | - | €206,509 | +€206,509 | |
| Deferred taxes | 168 | - | €206,509 | +€206,509 | |
| Amounts payable | 17/49 | €1,674,036 | €3,107,210 | +€1.4m | +85.6% |
| Amounts payable after more than one year | 17 | €872,000 | €2,482,082 | +€1.6m | +185% |
| Financial debts | 170/4 | €872,000 | €2,385,323 | +€1.5m | +174% |
| Other amounts payable | 178/9 | - | €96,759 | +€96,759 | |
| Amounts payable within one year | 42/48 | €802,036 | €625,129 | -€176,907 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €9,063 | €95,887 | +€86,824 | +958% |
| Trade debts | 44 | €392,974 | €107,712 | -€285,261 | -72.6% |
| Suppliers | 440/4 | €392,974 | €107,712 | -€285,261 | -72.6% |
| Taxes, remuneration and social security | 45 | - | €20,586 | +€20,586 | |
| Taxes | 450/3 | - | €6,434 | +€6,434 | |
| Remuneration and social security | 454/9 | - | €14,152 | +€14,152 | |
| Other amounts payable | 47/48 | €400,000 | €400,943 | +€943 | +0.2% |
| Remuneration, social security and pensions | 62 | - | €41,825 | +€41,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,768 | €191,247 | +€166,479 | +672% |
| Other operating charges | 640/8 | €1,649 | €6,086 | +€4,437 | +269% |
| Gross operating margin | 9900 | -€25,140 | €189,098 | +€214,238 | |
| Operating profit (loss) | 9901 | -€51,557 | -€50,060 | +€1,497 | +2.9% |
| Financial income | 75/76B | - | €33,320 | +€33,320 | |
| Recurring financial income | 75 | - | €33,320 | +€33,320 | |
| Financial charges | 65/66B | €12,958 | €141,400 | +€128,441 | +991% |
| Recurring financial charges | 65 | €12,958 | €141,400 | +€128,441 | +991% |
| Profit (loss) for the period before taxes | 9903 | -€64,515 | -€158,139 | -€93,624 | -145% |
| Transfer from deferred taxes | 780 | - | €10,869 | +€10,869 | |
| Profit (loss) for the period | 9904 | -€64,515 | -€147,270 | -€82,755 | -128% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,515 | -€147,270 | -€82,755 | -128% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.