T.C. SPORTEC: what changed
What changed
T.C. SPORTEC
NACE 93.110, Operation of sports facilities
filed annual accounts (NBB)
Net result for the year
-€27,710
2024 · €14,709-€42,419
Equity
€218,791
2024 · €246,501-€27,710
Cash
€58,787
2024 · €127,619-€68,832
Balance sheet total
€239,182
2024 · €276,291-€37,108
Largest movements
Assets
- Current investments +€90,691
new in 2025: €90,691
- Cash -€68,832
down €68,832 (-53.9%), from €127,619 to €58,787
mainly Current investments (-€90,691) and Net result for the year (-€27,710)
- Tangible fixed assets -€63,426
down €63,426 (-45.9%), from €138,095 to €74,669
of which Land and buildings: -€60,736
Equity and liabilities
- Reserves -€27,710
down €27,710 (-13.2%), from €209,317 to €181,607
of which Tax-exempt reserves: -€30,333
- Provisions -€10,111
down €10,111 (-59.6%), from €16,954 to €6,843
Income statement
- Gross operating margin -€34,023
down €34,023 (-75.9%), from €44,824 to €10,801
- Depreciation -€7,606
down €7,606 (-34.7%), from €21,933 to €14,328
- Taxes -€7,105
down €7,105 (-89.0%), from €7,981 to €877
- Financial income +€988
new in 2025: €988
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
€14,709
Gross operating margin
-€34,023
Depreciation
+€7,606
Other operating charges
-€46
Other operating items
-€31,735
Financial income
+€988
Financial charges
-€9
Taxes
+€7,105
Deferred taxes and other
+€7,695
Result 2025
-€27,710
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
-€27,239
Investment
-€41,593
Financing
€0
Cash 2024
€127,619
From operations (derived)
-€27,239
Net result for the year
-€27,710
Depreciation
+€14,328
Stocks and contracts
-€2,108
Receivables within one year
-€2,343
Smaller working-capital items
-€98
Provisions
-€10,111
Other debts
+€803
Investment (derived)
-€41,593
Investment in fixed assets (net)
+€49,098
Current investments
-€90,691
Cash 2025
€58,787
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,291 | €239,182 | -€37,108 | -13.4% |
| Fixed assets | 21/28 | €138,095 | €74,669 | -€63,426 | -45.9% |
| Tangible fixed assets | 22/27 | €138,095 | €74,669 | -€63,426 | -45.9% |
| Land and buildings | 22 | €128,752 | €68,016 | -€60,736 | -47.2% |
| Plant, machinery and equipment | 23 | €8,127 | €6,051 | -€2,076 | -25.5% |
| Furniture and vehicles | 24 | €1,216 | €601 | -€615 | -50.6% |
| Current assets | 29/58 | €138,196 | €164,514 | +€26,318 | +19.0% |
| Stocks and contracts in progress | 3 | €1,372 | €3,481 | +€2,108 | +154% |
| Stocks | 30/36 | €1,372 | €3,481 | +€2,108 | +154% |
| Amounts receivable within one year | 40/41 | €8,527 | €10,870 | +€2,343 | +27.5% |
| Trade receivables | 40 | €5,922 | €7,923 | +€2,001 | +33.8% |
| Other amounts receivable | 41 | €2,605 | €2,947 | +€342 | +13.1% |
| Current investments | 50/53 | - | €90,691 | +€90,691 | |
| Cash at bank and in hand | 54/58 | €127,619 | €58,787 | -€68,832 | -53.9% |
| Deferred charges and accrued income | 490/1 | €677 | €685 | +€8 | +1.1% |
| Total equity and liabilities | 10/49 | €276,291 | €239,182 | -€37,108 | -13.4% |
| Equity | 10/15 | €246,501 | €218,791 | -€27,710 | -11.2% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €209,317 | €181,607 | -€27,710 | -13.2% |
| Tax-exempt reserves | 132 | €50,862 | €20,529 | -€30,333 | -59.6% |
| Distributable reserves | 133 | €158,456 | €161,078 | +€2,623 | +1.7% |
| Provisions and deferred taxes | 16 | €16,954 | €6,843 | -€10,111 | -59.6% |
| Deferred taxes | 168 | €16,954 | €6,843 | -€10,111 | -59.6% |
| Amounts payable | 17/49 | €12,836 | €13,548 | +€713 | +5.6% |
| Amounts payable within one year | 42/48 | €12,836 | €13,548 | +€713 | +5.6% |
| Trade debts | 44 | €5,891 | €5,801 | -€90 | -1.5% |
| Suppliers | 440/4 | €5,891 | €5,801 | -€90 | -1.5% |
| Taxes, remuneration and social security | 45 | €5,481 | €5,481 | = | 0.0% |
| Taxes | 450/3 | €5,481 | €5,481 | = | 0.0% |
| Other amounts payable | 47/48 | €1,463 | €2,266 | +€803 | +54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,933 | €14,328 | -€7,606 | -34.7% |
| Other operating charges | 640/8 | €1,663 | €1,708 | +€46 | +2.8% |
| Non-recurring operating charges | 66A | - | €31,735 | +€31,735 | |
| Gross operating margin | 9900 | €44,824 | €10,801 | -€34,023 | -75.9% |
| Operating profit (loss) | 9901 | €21,228 | -€36,970 | -€58,198 | |
| Financial income | 75/76B | - | €988 | +€988 | |
| Recurring financial income | 75 | - | €988 | +€988 | |
| Financial charges | 65/66B | €953 | €962 | +€9 | +0.9% |
| Recurring financial charges | 65 | €953 | €962 | +€9 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €20,275 | -€36,944 | -€57,219 | |
| Transfer from deferred taxes | 780 | €2,416 | €10,111 | +€7,695 | +319% |
| Income taxes | 67/77 | €7,981 | €877 | -€7,105 | -89.0% |
| Profit (loss) for the period | 9904 | €14,709 | -€27,710 | -€42,419 | |
| Transfer from tax-exempt reserves | 789 | €7,248 | €30,333 | +€23,085 | +319% |
| Profit (loss) for the period to be appropriated | 9905 | €21,957 | €2,623 | -€19,334 | -88.1% |
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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 2 November 2026 via checked.be.