Therasport Concept: what changed
Therasport Concept
Largest movements
- Tangible fixed assets -€21,808
down €21,808 (-10.9%), from €200,704 to €178,896
- Receivables within one year -€10,278
down €10,278 (-70.7%), from €14,547 to €4,269
of which Other amounts receivable: -€9,478
- Cash +€10,222
up €10,222 (+88.1%), from €11,603 to €21,825
mainly Depreciation (+€24,158) and Net result for the year (+€23,437)
- Reserves +€23,437
up €23,437 (+76.1%), from €30,790 to €54,227
- Other debts -€21,054
down €21,054 (-37.2%), from €56,579 to €35,525
- Tax, wage and social debts -€15,594
down €15,594 (-91.8%), from €16,984 to €1,390
- Debts after one year -€9,960
down €9,960 (-13.3%), from €74,768 to €64,809
- Other operating charges -€12,319
down €12,319 (-87.4%), from €14,101 to €1,782
- Gross operating margin +€10,709
up €10,709 (+19.7%), from €54,429 to €65,138
- Taxes +€8,446
up €8,446 (+287%), from €2,944 to €11,390
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €226,855 | €205,453 | -€21,402 | -9.4% |
| Fixed assets | 21/28 | €200,704 | €178,896 | -€21,808 | -10.9% |
| Tangible fixed assets | 22/27 | €200,704 | €178,896 | -€21,808 | -10.9% |
| Land and buildings | 22 | €148,315 | €140,930 | -€7,385 | -5.0% |
| Plant, machinery and equipment | 23 | €17,135 | €12,669 | -€4,466 | -26.1% |
| Furniture and vehicles | 24 | €35,254 | €25,298 | -€9,957 | -28.2% |
| Current assets | 29/58 | €26,151 | €26,557 | +€406 | +1.6% |
| Amounts receivable within one year | 40/41 | €14,547 | €4,269 | -€10,278 | -70.7% |
| Trade receivables | 40 | €800 | - | -€800 | |
| Other amounts receivable | 41 | €13,747 | €4,269 | -€9,478 | -68.9% |
| Cash at bank and in hand | 54/58 | €11,603 | €21,825 | +€10,222 | +88.1% |
| Deferred charges and accrued income | 490/1 | - | €463 | +€463 | |
| Total equity and liabilities | 10/49 | €226,855 | €205,453 | -€21,402 | -9.4% |
| Equity | 10/15 | €68,918 | €92,356 | +€23,437 | +34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,790 | €54,227 | +€23,437 | +76.1% |
| Distributable reserves | 133 | €30,790 | €54,227 | +€23,437 | +76.1% |
| Profit (loss) carried forward | 14 | €19,528 | €19,528 | = | 0.0% |
| Amounts payable | 17/49 | €157,936 | €113,098 | -€44,839 | -28.4% |
| Amounts payable after more than one year | 17 | €74,768 | €64,809 | -€9,960 | -13.3% |
| Financial debts | 170/4 | €74,768 | €64,809 | -€9,960 | -13.3% |
| Amounts payable within one year | 42/48 | €83,168 | €48,289 | -€34,879 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €9,605 | €9,960 | +€355 | +3.7% |
| Trade debts | 44 | - | €1,414 | +€1,414 | |
| Suppliers | 440/4 | - | €1,414 | +€1,414 | |
| Taxes, remuneration and social security | 45 | €16,984 | €1,390 | -€15,594 | -91.8% |
| Taxes | 450/3 | €16,984 | €1,390 | -€15,594 | -91.8% |
| Other amounts payable | 47/48 | €56,579 | €35,525 | -€21,054 | -37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,554 | €24,158 | +€604 | +2.6% |
| Other operating charges | 640/8 | €14,101 | €1,782 | -€12,319 | -87.4% |
| Gross operating margin | 9900 | €54,429 | €65,138 | +€10,709 | +19.7% |
| Operating profit (loss) | 9901 | €16,774 | €39,198 | +€22,424 | +134% |
| Financial charges | 65/66B | €4,462 | €4,371 | -€91 | -2.0% |
| Recurring financial charges | 65 | €4,462 | €4,371 | -€91 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €12,312 | €34,827 | +€22,515 | +183% |
| Income taxes | 67/77 | €2,944 | €11,390 | +€8,446 | +287% |
| Profit (loss) for the period | 9904 | €9,368 | €23,437 | +€14,069 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €9,368 | €23,437 | +€14,069 | +150% |
Next steps
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.