2B SPORTHORSES: 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.
2B SPORTHORSES
Largest movements
- Stocks and contracts +€31,750
up €31,750 (+72.3%), from €43,925 to €75,675
- Receivables within one year -€14,339
down €14,339 (-89.3%), from €16,063 to €1,723
of which Trade receivables: -€8,976
- Deferred charges and accrued income -€1,430
down €1,430 (-57.1%), from €2,505 to €1,074
- Other debts +€33,910
up €33,910 (+88.4%), from €38,362 to €72,272
- Profit (loss) carried forward -€21,848
new in 2025: -€21,848
- Trade debts +€7,748
up €7,748 (+39.4%), from €19,647 to €27,396
- Tax, wage and social debts -€4,120
down €4,120 (-84.1%), from €4,901 to €781
- Gross operating margin -€30,585
down €30,585, from €9,440 to -€21,145
- Staff costs -€7,188
down €7,188 (-100%), from €7,188 to €0
- Taxes -€766
down €766 (-100%), from €766 to €0
- Other operating charges +€322
up €322 (+65.4%), from €492 to €814
- Depreciation +€277
new in 2025: €277
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 | €64,481 | €79,600 | +€15,119 | +23.4% |
| Fixed assets | 21/28 | €1,383 | €1,107 | -€277 | -20.0% |
| Tangible fixed assets | 22/27 | €1,383 | €1,107 | -€277 | -20.0% |
| Plant, machinery and equipment | 23 | €1,383 | €1,107 | -€277 | -20.0% |
| Current assets | 29/58 | €63,097 | €78,493 | +€15,396 | +24.4% |
| Stocks and contracts in progress | 3 | €43,925 | €75,675 | +€31,750 | +72.3% |
| Stocks | 30/36 | €43,925 | €75,675 | +€31,750 | +72.3% |
| Amounts receivable within one year | 40/41 | €16,063 | €1,723 | -€14,339 | -89.3% |
| Trade receivables | 40 | €9,430 | €454 | -€8,976 | -95.2% |
| Other amounts receivable | 41 | €6,633 | €1,270 | -€5,363 | -80.9% |
| Cash at bank and in hand | 54/58 | €605 | €20 | -€585 | -96.6% |
| Deferred charges and accrued income | 490/1 | €2,505 | €1,074 | -€1,430 | -57.1% |
| Total equity and liabilities | 10/49 | €64,481 | €79,600 | +€15,119 | +23.4% |
| Equity | 10/15 | €1,571 | -€20,848 | -€22,419 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €571 | €0 | -€571 | -100% |
| Distributable reserves | 133 | €571 | €0 | -€571 | -100% |
| Profit (loss) carried forward | 14 | - | -€21,848 | -€21,848 | |
| Amounts payable | 17/49 | €62,910 | €100,448 | +€37,538 | +59.7% |
| Amounts payable within one year | 42/48 | €62,910 | €100,448 | +€37,538 | +59.7% |
| Trade debts | 44 | €19,647 | €27,396 | +€7,748 | +39.4% |
| Suppliers | 440/4 | €19,647 | €27,396 | +€7,748 | +39.4% |
| Taxes, remuneration and social security | 45 | €4,901 | €781 | -€4,120 | -84.1% |
| Taxes | 450/3 | €4,901 | €781 | -€4,120 | -84.1% |
| Other amounts payable | 47/48 | €38,362 | €72,272 | +€33,910 | +88.4% |
| Remuneration, social security and pensions | 62 | €7,188 | €0 | -€7,188 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €277 | +€277 | |
| Other operating charges | 640/8 | €492 | €814 | +€322 | +65.4% |
| Gross operating margin | 9900 | €9,440 | -€21,145 | -€30,585 | |
| Operating profit (loss) | 9901 | €1,760 | -€22,236 | -€23,995 | |
| Financial income | 75/76B | €33 | €34 | +€1 | +4.0% |
| Recurring financial income | 75 | €33 | €34 | +€1 | +4.0% |
| Financial charges | 65/66B | €456 | €218 | -€238 | -52.3% |
| Recurring financial charges | 65 | €456 | €218 | -€238 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €1,337 | -€22,419 | -€23,756 | |
| Income taxes | 67/77 | €766 | €0 | -€766 | -100% |
| Profit (loss) for the period | 9904 | €571 | -€22,419 | -€22,990 | |
| Profit (loss) for the period to be appropriated | 9905 | €571 | -€22,419 | -€22,990 |
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 22 October 2026 via checked.be.