Tero Padel: 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
Tero Padel
NACE 93.129, Activities of other sports clubs
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€147,122
2024 · €73,355+€73,766
Equity
€330,154
2024 · €183,033+€147,122
Cash
€307
2024 · €1,141-€834
Balance sheet total
€2.3m
2024 · €1.8m+€564,841
Largest movements
Assets
- Tangible fixed assets +€334,770
up €334,770 (+24.4%), from €1.4m to €1.7m
of which Other tangible fixed assets: +€411,011
- Receivables within one year +€210,936
up €210,936 (+57.1%), from €369,691 to €580,627
of which Other amounts receivable: +€327,618
Equity and liabilities
- Trade debts +€152,920
up €152,920 (+61.8%), from €247,438 to €400,358
- Profit (loss) carried forward +€147,122
up €147,122 (+85.0%), from €173,033 to €320,154
- Debts after one year +€127,530
up €127,530 (+13.9%), from €919,583 to €1.0m
- Accrued charges and deferred income +€74,142
up €74,142 (+54.4%), from €136,269 to €210,411
- Current portion of long-term debt +€66,108
up €66,108 (+42.3%), from €156,362 to €222,470
Income statement
- Gross operating margin +€158,249
up €158,249 (+42.1%), from €376,214 to €534,463
- Staff costs +€43,756
up €43,756 (+81.1%), from €53,973 to €97,729
- Depreciation +€38,628
up €38,628 (+31.9%), from €120,971 to €159,599
- Provisions +€7,500
new in 2025: €7,500
- Taxes -€6,360
down €6,360 (-9.7%), from €65,268 to €58,908
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
€73,355
Gross operating margin
+€158,249
Staff costs
-€43,756
Depreciation
-€38,628
Provisions
-€7,500
Other operating charges
-€145
Financial income
+€97
Financial charges
-€911
Taxes
+€6,360
Result 2025
€147,122
raises the resultlowers the result
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
+€315,109
Investment
-€509,167
Financing
+€193,224
Cash 2024
€1,141
From operations (derived)
+€315,109
Net result for the year
+€147,122
Depreciation
+€159,599
Stocks and contracts
+€3,633
Receivables within one year
-€210,936
Deferred charges and accrued income
-€8,805
Provisions
+€7,500
Trade debts
+€152,920
Tax, wage and social debts
-€6,094
Other debts
-€3,971
Accrued charges and deferred income
+€74,142
Investment (derived)
-€509,167
Investment in fixed assets (net)
-€503,385
Current investments
-€5,782
Financing
+€193,224
Debts after one year
+€127,530
Current portion of long-term debt
+€66,108
Short-term financial debts
-€415
Cash 2025
€307
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,777,596 | €2,342,437 | +€564,841 | +31.8% |
| Fixed assets | 21/28 | €1,384,422 | €1,728,209 | +€343,786 | +24.8% |
| Intangible fixed assets | 21 | €3,997 | €6,213 | +€2,216 | +55.4% |
| Tangible fixed assets | 22/27 | €1,374,725 | €1,709,496 | +€334,770 | +24.4% |
| Land and buildings | 22 | €1,086,744 | €986,010 | -€100,734 | -9.3% |
| Plant, machinery and equipment | 23 | €3,843 | €31,007 | +€27,164 | +707% |
| Furniture and vehicles | 24 | €9,787 | €7,117 | -€2,670 | -27.3% |
| Other tangible fixed assets | 26 | €274,351 | €685,362 | +€411,011 | +150% |
| Financial fixed assets | 28 | €5,700 | €12,500 | +€6,800 | +119% |
| Current assets | 29/58 | €393,174 | €614,229 | +€221,055 | +56.2% |
| Stocks and contracts in progress | 3 | €15,431 | €11,798 | -€3,633 | -23.5% |
| Stocks | 30/36 | €15,431 | €11,798 | -€3,633 | -23.5% |
| Amounts receivable within one year | 40/41 | €369,691 | €580,627 | +€210,936 | +57.1% |
| Trade receivables | 40 | €241,181 | €124,499 | -€116,682 | -48.4% |
| Other amounts receivable | 41 | €128,510 | €456,128 | +€327,618 | +255% |
| Current investments | 50/53 | - | €5,782 | +€5,782 | |
| Cash at bank and in hand | 54/58 | €1,141 | €307 | -€834 | -73.1% |
| Deferred charges and accrued income | 490/1 | €6,910 | €15,715 | +€8,805 | +127% |
| Total equity and liabilities | 10/49 | €1,777,596 | €2,342,437 | +€564,841 | +31.8% |
| Equity | 10/15 | €183,033 | €330,154 | +€147,122 | +80.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,033 | €320,154 | +€147,122 | +85.0% |
| Provisions and deferred taxes | 16 | - | €7,500 | +€7,500 | |
| Provisions for liabilities and charges | 160/5 | - | €7,500 | +€7,500 | |
| Other liabilities and charges | 164/5 | - | €7,500 | +€7,500 | |
| Amounts payable | 17/49 | €1,594,563 | €2,004,783 | +€410,220 | +25.7% |
| Amounts payable after more than one year | 17 | €919,583 | €1,047,113 | +€127,530 | +13.9% |
| Financial debts | 170/4 | €919,583 | €1,047,113 | +€127,530 | +13.9% |
| Amounts payable within one year | 42/48 | €538,712 | €747,259 | +€208,548 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €156,362 | €222,470 | +€66,108 | +42.3% |
| Financial debts | 43 | €415 | - | -€415 | |
| Other loans | 439 | €415 | - | -€415 | |
| Trade debts | 44 | €247,438 | €400,358 | +€152,920 | +61.8% |
| Suppliers | 440/4 | €247,438 | €400,358 | +€152,920 | +61.8% |
| Taxes, remuneration and social security | 45 | €74,838 | €68,744 | -€6,094 | -8.1% |
| Taxes | 450/3 | €66,638 | €57,566 | -€9,072 | -13.6% |
| Remuneration and social security | 454/9 | €8,200 | €11,178 | +€2,978 | +36.3% |
| Other amounts payable | 47/48 | €59,659 | €55,688 | -€3,971 | -6.7% |
| Accrued charges and deferred income | 492/3 | €136,269 | €210,411 | +€74,142 | +54.4% |
| Remuneration, social security and pensions | 62 | €53,973 | €97,729 | +€43,756 | +81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,971 | €159,599 | +€38,628 | +31.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €7,500 | +€7,500 | |
| Other operating charges | 640/8 | €3,263 | €3,407 | +€145 | +4.4% |
| Gross operating margin | 9900 | €376,214 | €534,463 | +€158,249 | +42.1% |
| Operating profit (loss) | 9901 | €198,007 | €266,227 | +€68,220 | +34.5% |
| Financial income | 75/76B | - | €97 | +€97 | |
| Recurring financial income | 75 | - | €97 | +€97 | |
| Financial charges | 65/66B | €59,384 | €60,294 | +€911 | +1.5% |
| Recurring financial charges | 65 | €59,384 | €60,294 | +€911 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €138,624 | €206,030 | +€67,406 | +48.6% |
| Income taxes | 67/77 | €65,268 | €58,908 | -€6,360 | -9.7% |
| Profit (loss) for the period | 9904 | €73,355 | €147,122 | +€73,766 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €73,355 | €147,122 | +€73,766 | +101% |
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.