STUDIO SPORT: 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
STUDIO SPORT
NACE 47.639, Retail sale of other sporting goods
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€24,048
31-12-2024 · €58,280-€34,233
Equity
€161,665
31-12-2024 · €157,617+€4,048
Cash
€223,063
31-12-2024 · €142,822+€80,241
Balance sheet total
€618,685
31-12-2024 · €586,892+€31,792
Largest movements
Assets
- Receivables within one year -€97,372
down €97,372 (-97.0%), from €100,359 to €2,988
of which Other amounts receivable: -€88,505
- Cash +€80,241
up €80,241 (+56.2%), from €142,822 to €223,063
mainly Receivables within one year (+€97,372) and Trade debts (+€73,247)
- Stocks and contracts +€47,379
up €47,379 (+31.2%), from €152,076 to €199,454
Equity and liabilities
- Trade debts +€73,247
up €73,247 (+30.3%), from €242,118 to €315,366
- Other debts -€38,800
down €38,800 (-65.9%), from €58,862 to €20,062
Income statement
- Gross operating margin -€26,105
down €26,105 (-18.0%), from €145,234 to €119,130
- Financial charges +€5,407
up €5,407 (+275%), from €1,967 to €7,374
- Staff costs +€3,735
up €3,735 (+5.1%), from €72,552 to €76,287
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€58,280
Gross operating margin
-€26,105
Staff costs
-€3,735
Depreciation
+€759
Other operating charges
+€31
Financial income
+€291
Financial charges
-€5,407
Taxes
-€66
Result 31-12-2025
€24,048
raises the resultlowers the result
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€111,425
Investment
-€7,455
Financing
-€23,728
Cash 31-12-2024
€142,822
From operations (derived)
+€111,425
Net result for the year
+€24,048
Depreciation
+€8,955
Stocks and contracts
-€47,379
Receivables within one year
+€97,372
Deferred charges and accrued income
-€3,044
Provisions
-€1,471
Trade debts
+€73,247
Tax, wage and social debts
-€236
Advances received
-€1,267
Other debts
-€38,800
Investment (derived)
-€7,455
Investment in fixed assets (net)
-€7,455
Financing
-€23,728
Current portion of long-term debt
-€3,728
Contributions, distributions and other
-€20,000
Cash 31-12-2025
€223,063
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €586,892 | €618,685 | +€31,792 | +5.4% |
| Fixed assets | 21/28 | €190,215 | €188,714 | -€1,500 | -0.8% |
| Tangible fixed assets | 22/27 | €188,535 | €187,034 | -€1,500 | -0.8% |
| Land and buildings | 22 | €187,467 | €180,620 | -€6,847 | -3.7% |
| Plant, machinery and equipment | 23 | €476 | €2,785 | +€2,310 | +486% |
| Furniture and vehicles | 24 | €592 | €3,629 | +€3,037 | +513% |
| Financial fixed assets | 28 | €1,680 | €1,680 | = | 0.0% |
| Current assets | 29/58 | €396,678 | €429,970 | +€33,293 | +8.4% |
| Stocks and contracts in progress | 3 | €152,076 | €199,454 | +€47,379 | +31.2% |
| Stocks | 30/36 | €152,076 | €199,454 | +€47,379 | +31.2% |
| Amounts receivable within one year | 40/41 | €100,359 | €2,988 | -€97,372 | -97.0% |
| Trade receivables | 40 | €10,508 | €1,642 | -€8,867 | -84.4% |
| Other amounts receivable | 41 | €89,851 | €1,346 | -€88,505 | -98.5% |
| Cash at bank and in hand | 54/58 | €142,822 | €223,063 | +€80,241 | +56.2% |
| Deferred charges and accrued income | 490/1 | €1,421 | €4,465 | +€3,044 | +214% |
| Total equity and liabilities | 10/49 | €586,892 | €618,685 | +€31,792 | +5.4% |
| Equity | 10/15 | €157,617 | €161,665 | +€4,048 | +2.6% |
| Contributions | 10/11 | €81,250 | €81,250 | = | 0.0% |
| Reserves | 13 | €76,367 | €80,415 | +€4,048 | +5.3% |
| Tax-exempt reserves | 132 | €12,512 | €9,654 | -€2,857 | -22.8% |
| Distributable reserves | 133 | €63,855 | €70,760 | +€6,905 | +10.8% |
| Provisions and deferred taxes | 16 | €6,442 | €4,970 | -€1,471 | -22.8% |
| Deferred taxes | 168 | €6,442 | €4,970 | -€1,471 | -22.8% |
| Amounts payable | 17/49 | €422,834 | €452,049 | +€29,216 | +6.9% |
| Amounts payable within one year | 42/48 | €422,834 | €452,049 | +€29,216 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €3,728 | - | -€3,728 | |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €242,118 | €315,366 | +€73,247 | +30.3% |
| Suppliers | 440/4 | €242,118 | €315,366 | +€73,247 | +30.3% |
| Advances received on contracts in progress | 46 | €8,529 | €7,262 | -€1,267 | -14.9% |
| Taxes, remuneration and social security | 45 | €9,596 | €9,360 | -€236 | -2.5% |
| Taxes | 450/3 | €420 | €330 | -€90 | -21.4% |
| Remuneration and social security | 454/9 | €9,176 | €9,030 | -€146 | -1.6% |
| Other amounts payable | 47/48 | €58,862 | €20,062 | -€38,800 | -65.9% |
| Remuneration, social security and pensions | 62 | €72,552 | €76,287 | +€3,735 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,714 | €8,955 | -€759 | -7.8% |
| Other operating charges | 640/8 | €2,089 | €2,059 | -€31 | -1.5% |
| Gross operating margin | 9900 | €145,234 | €119,130 | -€26,105 | -18.0% |
| Operating profit (loss) | 9901 | €60,879 | €31,828 | -€29,051 | -47.7% |
| Financial income | 75/76B | €807 | €1,098 | +€291 | +36.1% |
| Recurring financial income | 75 | €807 | €1,098 | +€291 | +36.1% |
| Financial charges | 65/66B | €1,967 | €7,374 | +€5,407 | +275% |
| Recurring financial charges | 65 | €1,967 | €7,374 | +€5,407 | +275% |
| Profit (loss) for the period before taxes | 9903 | €59,719 | €25,552 | -€34,167 | -57.2% |
| Transfer from deferred taxes | 780 | €1,471 | €1,471 | = | 0.0% |
| Income taxes | 67/77 | €2,910 | €2,976 | +€66 | +2.3% |
| Profit (loss) for the period | 9904 | €58,280 | €24,048 | -€34,233 | -58.7% |
| Transfer from tax-exempt reserves | 789 | €2,857 | €2,857 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,138 | €26,905 | -€34,233 | -56.0% |
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 18 October 2026 via checked.be.