Ter Eiken Essen: 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
Ter Eiken Essen
NACE 93.110, Operation of sports facilities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€28,649
2024 · €1,271+€27,377
Equity
€2.1m
2024 · €2.1m+€28,649
Cash
€39,705
2024 · €35,470+€4,236
Balance sheet total
€3.4m
2024 · €3.5m-€109,248
Largest movements
Assets
- Tangible fixed assets -€123,539
down €123,539 (-3.7%), from €3.4m to €3.3m
of which Land and buildings: -€88,831
Equity and liabilities
- Debts after one year -€96,885
down €96,885 (-8.7%), from €1.1m to €1.0m
- Other debts -€65,361
down €65,361 (-36.8%), from €177,378 to €112,017
Income statement
- Gross operating margin +€27,364
up €27,364 (+10.9%), from €252,106 to €279,470
- Financial charges -€16,762
down €16,762 (-26.1%), from €64,266 to €47,505
- Staff costs +€13,895
up €13,895 (+34.0%), from €40,830 to €54,725
- Depreciation +€3,637
up €3,637 (+2.8%), from €130,279 to €133,916
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.
Result 2024
€1,271
Gross operating margin
+€27,364
Staff costs
-€13,895
Depreciation
-€3,637
Other operating charges
-€375
Other operating items
+€1,132
Financial income
+€27
Financial charges
+€16,762
Result 2025
€28,649
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€74,524
Investment
-€7,346
Financing
-€62,942
Cash 2024
€35,470
From operations (derived)
+€74,524
Net result for the year
+€28,649
Depreciation
+€133,916
Stocks and contracts
-€665
Receivables within one year
-€2,421
Deferred charges and accrued income
-€10,000
Trade debts
-€10,354
Tax, wage and social debts
+€761
Other debts
-€65,361
Investment (derived)
-€7,346
Investment in fixed assets (net)
-€7,346
Financing
-€62,942
Debts after one year
-€96,885
Current portion of long-term debt
+€33,942
Cash 2025
€39,705
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,459,774 | €3,350,526 | -€109,248 | -3.2% |
| Fixed assets | 21/28 | €3,385,764 | €3,259,194 | -€126,570 | -3.7% |
| Intangible fixed assets | 21 | €7,164 | €4,133 | -€3,031 | -42.3% |
| Tangible fixed assets | 22/27 | €3,378,351 | €3,254,811 | -€123,539 | -3.7% |
| Land and buildings | 22 | €3,261,164 | €3,172,333 | -€88,831 | -2.7% |
| Plant, machinery and equipment | 23 | €81,573 | €61,334 | -€20,240 | -24.8% |
| Furniture and vehicles | 24 | €35,613 | €21,145 | -€14,469 | -40.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €74,010 | €91,332 | +€17,322 | +23.4% |
| Stocks and contracts in progress | 3 | €9,974 | €10,638 | +€665 | +6.7% |
| Stocks | 30/36 | €9,974 | €10,638 | +€665 | +6.7% |
| Amounts receivable within one year | 40/41 | €28,567 | €30,988 | +€2,421 | +8.5% |
| Trade receivables | 40 | €25,985 | €10,524 | -€15,461 | -59.5% |
| Other amounts receivable | 41 | €2,582 | €20,465 | +€17,882 | +692% |
| Cash at bank and in hand | 54/58 | €35,470 | €39,705 | +€4,236 | +11.9% |
| Deferred charges and accrued income | 490/1 | €0 | €10,000 | +€10,000 | |
| Total equity and liabilities | 10/49 | €3,459,774 | €3,350,526 | -€109,248 | -3.2% |
| Equity | 10/15 | €2,108,689 | €2,137,338 | +€28,649 | +1.4% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Revaluation surpluses | 12 | €2,400,185 | €2,400,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€663,336 | -€634,687 | +€28,649 | +4.3% |
| Amounts payable | 17/49 | €1,351,085 | €1,213,188 | -€137,897 | -10.2% |
| Amounts payable after more than one year | 17 | €1,112,942 | €1,016,058 | -€96,885 | -8.7% |
| Financial debts | 170/4 | €1,112,942 | €1,016,058 | -€96,885 | -8.7% |
| Amounts payable within one year | 42/48 | €238,143 | €197,131 | -€41,012 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €29,000 | €62,942 | +€33,942 | +117% |
| Trade debts | 44 | €23,931 | €13,577 | -€10,354 | -43.3% |
| Suppliers | 440/4 | €23,931 | €13,577 | -€10,354 | -43.3% |
| Taxes, remuneration and social security | 45 | €7,834 | €8,595 | +€761 | +9.7% |
| Taxes | 450/3 | €5,247 | €3,832 | -€1,414 | -27.0% |
| Remuneration and social security | 454/9 | €2,587 | €4,762 | +€2,175 | +84.1% |
| Other amounts payable | 47/48 | €177,378 | €112,017 | -€65,361 | -36.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €40,830 | €54,725 | +€13,895 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,279 | €133,916 | +€3,637 | +2.8% |
| Other operating charges | 640/8 | €14,344 | €14,719 | +€375 | +2.6% |
| Non-recurring operating charges | 66A | €1,132 | €0 | -€1,132 | -100% |
| Gross operating margin | 9900 | €252,106 | €279,470 | +€27,364 | +10.9% |
| Operating profit (loss) | 9901 | €65,521 | €76,110 | +€10,589 | +16.2% |
| Financial income | 75/76B | €17 | €43 | +€27 | +162% |
| Recurring financial income | 75 | €17 | €43 | +€27 | +162% |
| Financial charges | 65/66B | €64,266 | €47,505 | -€16,762 | -26.1% |
| Recurring financial charges | 65 | €64,266 | €47,505 | -€16,762 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €1,271 | €28,649 | +€27,377 | +2,153% |
| Profit (loss) for the period | 9904 | €1,271 | €28,649 | +€27,377 | +2,153% |
| Profit (loss) for the period to be appropriated | 9905 | €1,271 | €28,649 | +€27,377 | +2,153% |
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 19 October 2026 via checked.be.