Annemon Sporthorses: what changed
What changed
Annemon Sporthorses
NACE 01.430, Raising of horses and other equines
filed annual accounts (NBB)
Net result for the year
€458
2024 · €47+€411
Equity
€18,218
2024 · €17,760+€458
Cash
€47,052
2024 · €2,032+€45,020
Balance sheet total
€1.4m
2024 · €1.4m+€51,234
Largest movements
Assets
- Stocks and contracts +€67,376
up €67,376 (+10.3%), from €652,400 to €719,776
- Cash +€45,020
up €45,020 (+2,215%), from €2,032 to €47,052
mainly Trade debts (+€52,613) and Other debts (+€49,870)
- Tangible fixed assets -€34,420
down €34,420 (-5.2%), from €657,502 to €623,082
of which Land and buildings: -€23,479
- Receivables within one year -€30,213
down €30,213 (-65.4%), from €46,177 to €15,965
of which Other amounts receivable: -€20,062
Equity and liabilities
- Debts after one year -€63,600
down €63,600 (-10.9%), from €585,004 to €521,403
- Trade debts +€52,613
up €52,613 (+55.2%), from €95,365 to €147,979
- Other debts +€49,870
up €49,870 (+8.8%), from €564,602 to €614,472
Income statement
- Gross operating margin +€46,502
up €46,502 (+101%), from €45,956 to €92,458
- Depreciation +€22,036
up €22,036 (+112%), from €19,633 to €41,669
- Financial charges +€19,494
up €19,494 (+157%), from €12,399 to €31,893
- Other operating charges +€2,492
up €2,492 (+113%), from €2,205 to €4,697
- Staff costs +€2,057
up €2,057 (+18.0%), from €11,431 to €13,488
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.
Result 2024
€47
Gross operating margin
+€46,502
Staff costs
-€2,057
Depreciation
-€22,036
Other operating charges
-€2,492
Financial income
+€31
Financial charges
-€19,494
Taxes
-€43
Result 2025
€458
raises the resultlowers the result
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.
From operations
+€109,409
Investment
-€7,249
Financing
-€57,140
Cash 2024
€2,032
From operations (derived)
+€109,409
Net result for the year
+€458
Depreciation
+€41,669
Stocks and contracts
-€67,376
Receivables within one year
+€30,213
Deferred charges and accrued income
-€3,472
Trade debts
+€52,613
Tax, wage and social debts
+€5,339
Advances received
-€600
Other debts
+€49,870
Accrued charges and deferred income
+€695
Investment (derived)
-€7,249
Investment in fixed assets (net)
-€7,249
Financing
-€57,140
Debts after one year
-€63,600
Current portion of long-term debt
+€5,782
Short-term financial debts
+€678
Cash 2025
€47,052
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,361,825 | €1,413,060 | +€51,234 | +3.8% |
| Fixed assets | 21/28 | €657,502 | €623,082 | -€34,420 | -5.2% |
| Tangible fixed assets | 22/27 | €657,502 | €623,082 | -€34,420 | -5.2% |
| Land and buildings | 22 | €614,229 | €590,750 | -€23,479 | -3.8% |
| Plant, machinery and equipment | 23 | €3,245 | €2,304 | -€941 | -29.0% |
| Furniture and vehicles | 24 | €40,027 | €30,027 | -€10,000 | -25.0% |
| Current assets | 29/58 | €704,323 | €789,978 | +€85,654 | +12.2% |
| Stocks and contracts in progress | 3 | €652,400 | €719,776 | +€67,376 | +10.3% |
| Stocks | 30/36 | €652,400 | €719,776 | +€67,376 | +10.3% |
| Amounts receivable within one year | 40/41 | €46,177 | €15,965 | -€30,213 | -65.4% |
| Trade receivables | 40 | €23,991 | €13,841 | -€10,150 | -42.3% |
| Other amounts receivable | 41 | €22,186 | €2,124 | -€20,062 | -90.4% |
| Cash at bank and in hand | 54/58 | €2,032 | €47,052 | +€45,020 | +2,215% |
| Deferred charges and accrued income | 490/1 | €3,714 | €7,185 | +€3,472 | +93.5% |
| Total equity and liabilities | 10/49 | €1,361,825 | €1,413,060 | +€51,234 | +3.8% |
| Equity | 10/15 | €17,760 | €18,218 | +€458 | +2.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,760 | €15,218 | +€458 | +3.1% |
| Amounts payable | 17/49 | €1,344,065 | €1,394,842 | +€50,777 | +3.8% |
| Amounts payable after more than one year | 17 | €585,004 | €521,403 | -€63,600 | -10.9% |
| Financial debts | 170/4 | €585,004 | €521,403 | -€63,600 | -10.9% |
| Amounts payable within one year | 42/48 | €757,171 | €870,853 | +€113,682 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €89,728 | €95,510 | +€5,782 | +6.4% |
| Financial debts | 43 | €742 | €1,421 | +€678 | +91.4% |
| Credit institutions | 430/8 | €742 | €1,421 | +€678 | +91.4% |
| Trade debts | 44 | €95,365 | €147,979 | +€52,613 | +55.2% |
| Suppliers | 440/4 | €95,365 | €147,979 | +€52,613 | +55.2% |
| Advances received on contracts in progress | 46 | €600 | €0 | -€600 | -100% |
| Taxes, remuneration and social security | 45 | €6,133 | €11,472 | +€5,339 | +87.0% |
| Taxes | 450/3 | €4,900 | €10,711 | +€5,811 | +119% |
| Remuneration and social security | 454/9 | €1,233 | €761 | -€472 | -38.3% |
| Other amounts payable | 47/48 | €564,602 | €614,472 | +€49,870 | +8.8% |
| Accrued charges and deferred income | 492/3 | €1,891 | €2,586 | +€695 | +36.8% |
| Remuneration, social security and pensions | 62 | €11,431 | €13,488 | +€2,057 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,633 | €41,669 | +€22,036 | +112% |
| Other operating charges | 640/8 | €2,205 | €4,697 | +€2,492 | +113% |
| Gross operating margin | 9900 | €45,956 | €92,458 | +€46,502 | +101% |
| Operating profit (loss) | 9901 | €12,687 | €32,605 | +€19,918 | +157% |
| Financial income | 75/76B | €2 | €32 | +€31 | +1,903% |
| Recurring financial income | 75 | €2 | €32 | +€31 | +1,903% |
| Financial charges | 65/66B | €12,399 | €31,893 | +€19,494 | +157% |
| Recurring financial charges | 65 | €12,399 | €31,893 | +€19,494 | +157% |
| Profit (loss) for the period before taxes | 9903 | €290 | €744 | +€454 | +157% |
| Income taxes | 67/77 | €243 | €286 | +€43 | +17.8% |
| Profit (loss) for the period | 9904 | €47 | €458 | +€411 | +879% |
| Profit (loss) for the period to be appropriated | 9905 | €47 | €458 | +€411 | +879% |
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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 4 November 2026 via checked.be.