SPORTS & PERFORMANCE: 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.
SPORTS & PERFORMANCE
Largest movements
- Tangible fixed assets -€31,368
down €31,368 (-13.8%), from €227,143 to €195,775
of which Other tangible fixed assets: -€19,005
- Deferred charges and accrued income -€21,790
down €21,790 (-16.7%), from €130,682 to €108,892
- Receivables within one year +€19,517
up €19,517 (+81.7%), from €23,877 to €43,394
of which Trade receivables: +€19,673
- Intangible fixed assets -€4,900
down €4,900 (-18.2%), from €26,939 to €22,039
- Trade debts -€60,902
down €60,902 (-46.2%), from €131,789 to €70,887
- Current portion of long-term debt +€24,958
new in 2025: €24,958
- Other debts -€16,753
down €16,753 (-12.0%), from €139,479 to €122,726
- Debts after one year +€6,698
up €6,698 (+2.0%), from €336,471 to €343,169
- Tax, wage and social debts +€5,861
up €5,861 (+3,542%), from €165 to €6,027
- Gross operating margin +€43,427
up €43,427 (+182%), from €23,876 to €67,303
- Other operating charges -€9,273
down €9,273 (-73.9%), from €12,555 to €3,282
- Financial charges -€6,664
down €6,664 (-73.4%), from €9,084 to €2,420
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 | €415,481 | €379,318 | -€36,163 | -8.7% |
| Fixed assets | 21/28 | €258,851 | €222,583 | -€36,268 | -14.0% |
| Intangible fixed assets | 21 | €26,939 | €22,039 | -€4,900 | -18.2% |
| Tangible fixed assets | 22/27 | €227,143 | €195,775 | -€31,368 | -13.8% |
| Plant, machinery and equipment | 23 | €29,358 | €16,995 | -€12,363 | -42.1% |
| Other tangible fixed assets | 26 | €197,785 | €178,780 | -€19,005 | -9.6% |
| Financial fixed assets | 28 | €4,770 | €4,770 | = | 0.0% |
| Current assets | 29/58 | €156,629 | €156,734 | +€105 | +0.1% |
| Amounts receivable within one year | 40/41 | €23,877 | €43,394 | +€19,517 | +81.7% |
| Trade receivables | 40 | €4,315 | €23,988 | +€19,673 | +456% |
| Other amounts receivable | 41 | €19,562 | €19,406 | -€156 | -0.8% |
| Cash at bank and in hand | 54/58 | €2,071 | €4,448 | +€2,377 | +115% |
| Deferred charges and accrued income | 490/1 | €130,682 | €108,892 | -€21,790 | -16.7% |
| Total equity and liabilities | 10/49 | €415,481 | €379,318 | -€36,163 | -8.7% |
| Equity | 10/15 | -€192,549 | -€188,449 | +€4,100 | +2.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,549 | -€193,449 | +€4,100 | +2.1% |
| Amounts payable | 17/49 | €608,029 | €567,767 | -€40,263 | -6.6% |
| Amounts payable after more than one year | 17 | €336,471 | €343,169 | +€6,698 | +2.0% |
| Financial debts | 170/4 | €336,471 | €343,169 | +€6,698 | +2.0% |
| Amounts payable within one year | 42/48 | €271,558 | €224,597 | -€46,961 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | - | €24,958 | +€24,958 | |
| Financial debts | 43 | €125 | - | -€125 | |
| Credit institutions | 430/8 | €125 | - | -€125 | |
| Trade debts | 44 | €131,789 | €70,887 | -€60,902 | -46.2% |
| Suppliers | 440/4 | €131,789 | €70,887 | -€60,902 | -46.2% |
| Taxes, remuneration and social security | 45 | €165 | €6,027 | +€5,861 | +3,542% |
| Taxes | 450/3 | €165 | €6,027 | +€5,861 | +3,542% |
| Other amounts payable | 47/48 | €139,479 | €122,726 | -€16,753 | -12.0% |
| Non-recurring operating income | 76A | €4,247 | - | -€4,247 | |
| Remuneration, social security and pensions | 62 | €356 | -€175 | -€532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,440 | €57,676 | +€236 | +0.4% |
| Other operating charges | 640/8 | €12,555 | €3,282 | -€9,273 | -73.9% |
| Gross operating margin | 9900 | €23,876 | €67,303 | +€43,427 | +182% |
| Operating profit (loss) | 9901 | -€46,475 | €6,520 | +€52,995 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -75.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -75.0% |
| Financial charges | 65/66B | €9,084 | €2,420 | -€6,664 | -73.4% |
| Recurring financial charges | 65 | €9,084 | €2,420 | -€6,664 | -73.4% |
| Profit (loss) for the period before taxes | 9903 | -€55,559 | €4,100 | +€59,659 | |
| Profit (loss) for the period | 9904 | -€55,559 | €4,100 | +€59,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,559 | €4,100 | +€59,659 |
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 23 October 2026 via checked.be.