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SPORTSTUDIE: 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.

What changed

SPORTSTUDIE

BE 0604.994.938
NACE 47.632, Retail sale of bicycles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26,263
2024 · €12,359+€13,904
Equity
-€438
2024 · -€26,701+€26,263
Cash
€2,079
2024 · €10,089-€8,010
Balance sheet total
€118,155
2024 · €110,215+€7,940

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€17,161

    up €17,161 (+73.9%), from €23,230 to €40,391

  • Cash -€8,010

    down €8,010 (-79.4%), from €10,089 to €2,079

    mainly Other debts (-€23,962) and Receivables within one year (-€17,161)

  • Tangible fixed assets -€1,711

    down €1,711 (-22.9%), from €7,482 to €5,771

    of which Furniture and vehicles: -€907

Equity and liabilities
  • Profit (loss) carried forward +€26,263

    up €26,263 (+67.2%), from -€39,101 to -€12,838

  • Other debts -€23,962

    down €23,962 (-27.4%), from €87,560 to €63,597

  • Advances received +€11,913

    new in 2025: €11,913

  • Trade debts -€10,913

    down €10,913 (-32.4%), from €33,689 to €22,776

  • Tax, wage and social debts +€2,807

    up €2,807 (+19.5%), from €14,407 to €17,214

    of which Taxes: +€3,647

Income statement
  • Gross operating margin +€18,578

    up €18,578 (+62.2%), from €29,862 to €48,440

  • Staff costs +€5,802

    up €5,802 (+55.2%), from €10,505 to €16,308

  • Financial charges -€1,212

    down €1,212 (-37.0%), from €3,277 to €2,065

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €12,359
Gross operating margin +€18,578
Staff costs -€5,802
Depreciation +€127
Other operating charges -€196
Financial income -€93
Financial charges +€1,212
Taxes +€79
Result 2025 €26,263
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations -€9,721
Investment -€504
Financing +€2,214
Cash 2024 €10,089
Net result for the year +€26,263
Depreciation +€2,215
Receivables within one year -€17,161
Deferred charges and accrued income -€500
Trade debts -€10,913
Tax, wage and social debts +€2,807
Advances received +€11,913
Other debts -€23,962
Accrued charges and deferred income -€382
Investment in fixed assets (net) -€504
Short-term financial debts +€2,214
Cash 2025 €2,079
brings cash intakes cash out
Every line side by side 43 lines
Line Code 2024 2025 Change %
Total assets 20/58 €110,215 €118,155 +€7,940 +7.2%
Fixed assets 21/28 €7,632 €5,921 -€1,711 -22.4%
Intangible fixed assets 21 €0 - =
Tangible fixed assets 22/27 €7,482 €5,771 -€1,711 -22.9%
Plant, machinery and equipment 23 €2,892 €2,088 -€804 -27.8%
Furniture and vehicles 24 €4,589 €3,682 -€907 -19.8%
Financial fixed assets 28 €150 €150 = 0.0%
Current assets 29/58 €102,584 €112,235 +€9,651 +9.4%
Stocks and contracts in progress 3 €68,269 €68,269 = 0.0%
Stocks 30/36 €68,269 €68,269 = 0.0%
Amounts receivable within one year 40/41 €23,230 €40,391 +€17,161 +73.9%
Trade receivables 40 €23,230 €40,391 +€17,161 +73.9%
Cash at bank and in hand 54/58 €10,089 €2,079 -€8,010 -79.4%
Deferred charges and accrued income 490/1 €995 €1,496 +€500 +50.3%
Total equity and liabilities 10/49 €110,215 €118,155 +€7,940 +7.2%
Equity 10/15 -€26,701 -€438 +€26,263 +98.4%
Contributions 10/11 €12,400 €12,400 = 0.0%
Profit (loss) carried forward 14 -€39,101 -€12,838 +€26,263 +67.2%
Amounts payable 17/49 €136,916 €118,593 -€18,323 -13.4%
Amounts payable within one year 42/48 €135,656 €117,715 -€17,941 -13.2%
Financial debts 43 - €2,214 +€2,214
Credit institutions 430/8 - €2,214 +€2,214
Trade debts 44 €33,689 €22,776 -€10,913 -32.4%
Suppliers 440/4 €33,689 €22,776 -€10,913 -32.4%
Advances received on contracts in progress 46 - €11,913 +€11,913
Taxes, remuneration and social security 45 €14,407 €17,214 +€2,807 +19.5%
Taxes 450/3 €13,563 €17,209 +€3,647 +26.9%
Remuneration and social security 454/9 €844 €5 -€840 -99.5%
Other amounts payable 47/48 €87,560 €63,597 -€23,962 -27.4%
Accrued charges and deferred income 492/3 €1,260 €878 -€382 -30.3%
Remuneration, social security and pensions 62 €10,505 €16,308 +€5,802 +55.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €2,342 €2,215 -€127 -5.4%
Other operating charges 640/8 €1,335 €1,531 +€196 +14.7%
Gross operating margin 9900 €29,862 €48,440 +€18,578 +62.2%
Operating profit (loss) 9901 €15,679 €28,386 +€12,706 +81.0%
Financial income 75/76B €385 €292 -€93 -24.2%
Recurring financial income 75 €385 €292 -€93 -24.2%
Financial charges 65/66B €3,277 €2,065 -€1,212 -37.0%
Recurring financial charges 65 €3,277 €2,065 -€1,212 -37.0%
Profit (loss) for the period before taxes 9903 €12,787 €26,612 +€13,825 +108%
Income taxes 67/77 €429 €349 -€79 -18.5%
Profit (loss) for the period 9904 €12,359 €26,263 +€13,904 +113%
Profit (loss) for the period to be appropriated 9905 €12,359 €26,263 +€13,904 +113%

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 31 October 2026 via checked.be.