Football · The Window LedgerPublished · 2026-08-16
The Window Ledger
€180m in, €490m out: the Belgian Pro League's 2025/26 ledger across 404 moves
What the league paid, what it recouped, and the 70% of its business that carried no fee at all.
THE BACK PAGE · the money behind the move · ACTUAL SPORTS MEDIA
Across 2025/26, the Belgian Pro League recorded 404 incoming moves. 120 of them carried a disclosed fee; the other 284 (70%) were frees, loans or undisclosed.
Spent
€180m
Disclosed incoming fees, 2025/26.
Banked
€490m
Disclosed fees received, 2025/26.
Net
−€310m
Spend minus receipts. Not a profit-and-loss — wages and amortisation are not in this record.
Deals with no disclosed fee
70%
Undisclosed is a real outcome, not a missing number, and is never estimated here.
| Player | From | To | Fee |
|---|---|---|---|
| Aleksandar Stanković | Inter | Club Brugge | €9.5m |
| Mamadou Diakhon | Stade Reims | Club Brugge | €9.0m |
| Nicolò Tresoldi | Hannover 96 | Club Brugge | €7.5m |
| Félix Lemaréchal | R. Strasbourg | Club Brugge | €6.5m |
| Ludovit Reis | Hamburg | Club Brugge | €6.0m |
| Carlos Forbs | Ajax | Club Brugge | €6.0m |
| Raul Florucz | NK Olimpija | Union SG | €5.0m |
| Adriano Bertaccini | Sint-Truiden | RSC Anderlecht | €5.0m |
A league ledger measures money moved, not quality bought. The share of business done without a fee is the number most often skipped, and it is usually the majority of it.
Transfer record, fees and market values: ACTUAL TRANSFER MARKET (actualtransfermarket.com). Analysis: ACTUAL SPORT INTELLIGENCE.
Confidence HighEvidence Actual Sport IntelligencePublished 2026-08-16Partial wages, amortisation withheld — the evidence didn't support it
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