TRENDSPORT: 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.
TRENDSPORT
Largest movements
- Cash -€17,153
down €17,153 (-47.9%), from €35,780 to €18,627
mainly Net result for the year (-€17,406) and Other debts (-€3,784)
- Tangible fixed assets -€10,995
down €10,995 (-6.1%), from €181,658 to €170,662
of which Land and buildings: -€9,950
- Receivables within one year -€3,371
down €3,371 (-58.1%), from €5,800 to €2,429
of which Trade receivables: -€2,402
- Reserves -€17,406
down €17,406 (-27.7%), from €62,800 to €45,394
of which Distributable reserves: -€17,406
- Other debts -€3,784
down €3,784 (-4.7%), from €80,852 to €77,068
- Tax, wage and social debts -€2,777
down €2,777 (-23.8%), from €11,654 to €8,877
- Gross operating margin -€10,082
down €10,082, from €7,456 to -€2,627
- Financial charges -€6,093
down €6,093 (-98.7%), from €6,171 to €78
- Depreciation -€721
down €721 (-6.2%), from €11,716 to €10,995
- Financial income +€108
up €108, from €0 to €108
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,101 | €235,258 | -€29,843 | -11.3% |
| Fixed assets | 21/28 | €181,658 | €170,662 | -€10,995 | -6.1% |
| Tangible fixed assets | 22/27 | €181,658 | €170,662 | -€10,995 | -6.1% |
| Land and buildings | 22 | €178,244 | €168,294 | -€9,950 | -5.6% |
| Plant, machinery and equipment | 23 | €1,550 | €1,131 | -€420 | -27.1% |
| Furniture and vehicles | 24 | €1,863 | €1,237 | -€626 | -33.6% |
| Current assets | 29/58 | €83,443 | €64,595 | -€18,848 | -22.6% |
| Stocks and contracts in progress | 3 | €40,518 | €41,241 | +€723 | +1.8% |
| Stocks | 30/36 | €40,518 | €41,241 | +€723 | +1.8% |
| Amounts receivable within one year | 40/41 | €5,800 | €2,429 | -€3,371 | -58.1% |
| Trade receivables | 40 | €3,966 | €1,564 | -€2,402 | -60.6% |
| Other amounts receivable | 41 | €1,834 | €865 | -€969 | -52.8% |
| Cash at bank and in hand | 54/58 | €35,780 | €18,627 | -€17,153 | -47.9% |
| Deferred charges and accrued income | 490/1 | €1,345 | €2,300 | +€954 | +70.9% |
| Total equity and liabilities | 10/49 | €265,101 | €235,258 | -€29,843 | -11.3% |
| Equity | 10/15 | €81,400 | €63,994 | -€17,406 | -21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,800 | €45,394 | -€17,406 | -27.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,940 | €43,534 | -€17,406 | -28.6% |
| Provisions and deferred taxes | 16 | €74,076 | €74,076 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €74,076 | €74,076 | = | 0.0% |
| Pensions and similar obligations | 160 | €74,076 | €74,076 | = | 0.0% |
| Amounts payable | 17/49 | €109,625 | €97,188 | -€12,437 | -11.3% |
| Amounts payable within one year | 42/48 | €107,252 | €97,188 | -€10,063 | -9.4% |
| Trade debts | 44 | €13,745 | €11,243 | -€2,502 | -18.2% |
| Suppliers | 440/4 | €13,745 | €11,243 | -€2,502 | -18.2% |
| Advances received on contracts in progress | 46 | €1,000 | €0 | -€1,000 | -100% |
| Taxes, remuneration and social security | 45 | €11,654 | €8,877 | -€2,777 | -23.8% |
| Taxes | 450/3 | €11,654 | €8,877 | -€2,777 | -23.8% |
| Other amounts payable | 47/48 | €80,852 | €77,068 | -€3,784 | -4.7% |
| Accrued charges and deferred income | 492/3 | €2,374 | €0 | -€2,374 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,716 | €10,995 | -€721 | -6.2% |
| Other operating charges | 640/8 | €3,646 | €3,656 | +€11 | +0.3% |
| Gross operating margin | 9900 | €7,456 | -€2,627 | -€10,082 | |
| Operating profit (loss) | 9901 | -€7,907 | -€17,278 | -€9,372 | -119% |
| Financial income | 75/76B | €0 | €108 | +€108 | |
| Recurring financial income | 75 | €0 | €108 | +€108 | |
| Financial charges | 65/66B | €6,171 | €78 | -€6,093 | -98.7% |
| Recurring financial charges | 65 | €6,171 | €78 | -€6,093 | -98.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,077 | -€17,248 | -€3,170 | -22.5% |
| Income taxes | 67/77 | €171 | €159 | -€12 | -7.2% |
| Profit (loss) for the period | 9904 | -€14,248 | -€17,406 | -€3,158 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,248 | -€17,406 | -€3,158 | -22.2% |
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 17 October 2026 via checked.be.