AVIRAMA Equestrian: 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.
AVIRAMA Equestrian
Largest movements
- Receivables within one year -€67,625
down €67,625 (-65.2%), from €103,743 to €36,117
of which Other amounts receivable: -€102,625
- Tangible fixed assets +€6,489
new in 2025: €6,489
of which Plant, machinery and equipment: +€4,379
- Profit (loss) carried forward -€349,001
down €349,001 (-212%), from -€164,483 to -€513,485
- Debts after one year +€259,980
up €259,980 (+41.2%), from €631,019 to €890,999
- Trade debts +€18,731
new in 2025: €18,731
- Gross operating margin -€183,236
down €183,236 (-112%), from -€163,441 to -€346,676
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 | €466,808 | €398,078 | -€68,730 | -14.7% |
| Formation expenses | 20 | €706 | €0 | -€706 | -100% |
| Fixed assets | 21/28 | - | €6,489 | +€6,489 | |
| Tangible fixed assets | 22/27 | - | €6,489 | +€6,489 | |
| Plant, machinery and equipment | 23 | - | €4,379 | +€4,379 | |
| Furniture and vehicles | 24 | - | €2,110 | +€2,110 | |
| Current assets | 29/58 | €466,102 | €391,589 | -€74,513 | -16.0% |
| Stocks and contracts in progress | 3 | €344,300 | €344,300 | = | 0.0% |
| Stocks | 30/36 | €344,300 | €344,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103,743 | €36,117 | -€67,625 | -65.2% |
| Trade receivables | 40 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 41 | €103,743 | €1,117 | -€102,625 | -98.9% |
| Cash at bank and in hand | 54/58 | €9,799 | €7,130 | -€2,669 | -27.2% |
| Deferred charges and accrued income | 490/1 | €8,260 | €4,042 | -€4,218 | -51.1% |
| Total equity and liabilities | 10/49 | €466,808 | €398,078 | -€68,730 | -14.7% |
| Equity | 10/15 | -€164,482 | -€513,484 | -€349,001 | -212% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,483 | -€513,485 | -€349,001 | -212% |
| Amounts payable | 17/49 | €631,290 | €911,562 | +€280,272 | +44.4% |
| Amounts payable after more than one year | 17 | €631,019 | €890,999 | +€259,980 | +41.2% |
| Financial debts | 170/4 | €631,019 | €890,999 | +€259,980 | +41.2% |
| Amounts payable within one year | 42/48 | €271 | €20,563 | +€20,292 | +7,477% |
| Trade debts | 44 | - | €18,731 | +€18,731 | |
| Suppliers | 440/4 | - | €18,731 | +€18,731 | |
| Other amounts payable | 47/48 | €271 | €1,832 | +€1,560 | +575% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €623 | €1,617 | +€995 | +160% |
| Other operating charges | 640/8 | €387 | €613 | +€225 | +58.2% |
| Gross operating margin | 9900 | -€163,441 | -€346,676 | -€183,236 | -112% |
| Operating profit (loss) | 9901 | -€164,450 | -€348,906 | -€184,456 | -112% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €33 | €95 | +€63 | +192% |
| Recurring financial charges | 65 | €33 | €95 | +€63 | +192% |
| Profit (loss) for the period before taxes | 9903 | -€164,483 | -€349,001 | -€184,518 | -112% |
| Profit (loss) for the period | 9904 | -€164,483 | -€349,001 | -€184,518 | -112% |
| Profit (loss) for the period to be appropriated | 9905 | -€164,483 | -€349,001 | -€184,518 | -112% |
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 29 October 2026 via checked.be.