B&D Training Stables: what changed
Two fiscal 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.
B&D Training Stables
Largest movements
- Tangible fixed assets +€142,842
up €142,842 (+6.8%), from €2.1m to €2.3m
of which Other tangible fixed assets: +€194,476
- Cash +€76,679
up €76,679 (+220.3%), from €34,799 to €111,479
mainly Trade debts (+€142,123) and Depreciation (+€90,337)
- Trade debts +€142,123
up €142,123 (+36196.9%), from €393 to €142,516
- Tax, wage and social debts +€32,742
new in 2024: €32,742
- Gross operating margin +€150,876
up €150,876 (+17364.2%), from €869 to €151,745
- Depreciation -€11,765
down €11,765 (-11.5%), from €102,102 to €90,337
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,149,441 | €2,365,148 | +€215,707 | +10.0% |
| Fixed assets | 21/28 | €2,110,753 | €2,253,594 | +€142,842 | +6.8% |
| Tangible fixed assets | 22/27 | €2,110,753 | €2,253,594 | +€142,842 | +6.8% |
| Land and buildings | 22 | €2,110,753 | €2,059,118 | -€51,635 | -2.4% |
| Other tangible fixed assets | 26 | - | €194,476 | +€194,476 | |
| Current assets | 29/58 | €38,688 | €111,554 | +€72,865 | +188.3% |
| Amounts receivable within one year | 40/41 | €3,889 | €75 | -€3,814 | -98.1% |
| Trade receivables | 40 | €2,580 | €75 | -€2,505 | -97.1% |
| Other amounts receivable | 41 | €1,309 | €0 | -€1,309 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,799 | €111,479 | +€76,679 | +220.3% |
| Total equity and liabilities | 10/49 | €2,149,441 | €2,365,148 | +€215,707 | +10.0% |
| Equity | 10/15 | -€92,864 | -€74,442 | +€18,422 | +19.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,864 | -€124,442 | +€18,422 | +12.9% |
| Amounts payable | 17/49 | €2,242,306 | €2,439,591 | +€197,285 | +8.8% |
| Amounts payable within one year | 42/48 | €2,242,306 | €2,439,591 | +€197,285 | +8.8% |
| Trade debts | 44 | €393 | €142,516 | +€142,123 | +36196.9% |
| Suppliers | 440/4 | €393 | €142,516 | +€142,123 | +36196.9% |
| Taxes, remuneration and social security | 45 | - | €32,742 | +€32,742 | |
| Taxes | 450/3 | - | €32,742 | +€32,742 | |
| Other amounts payable | 47/48 | €2,241,913 | €2,264,332 | +€22,419 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,102 | €90,337 | -€11,765 | -11.5% |
| Other operating charges | 640/8 | €19,763 | €20,364 | +€602 | +3.0% |
| Gross operating margin | 9900 | €869 | €151,745 | +€150,876 | +17364.2% |
| Operating profit (loss) | 9901 | -€120,996 | €41,043 | +€162,039 | |
| Financial charges | 65/66B | €21,868 | €22,621 | +€752 | +3.4% |
| Recurring financial charges | 65 | €21,868 | €22,621 | +€752 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€142,864 | €18,422 | +€161,287 | |
| Profit (loss) for the period | 9904 | -€142,864 | €18,422 | +€161,287 | |
| Profit (loss) for the period to be appropriated | 9905 | -€142,864 | €18,422 | +€161,287 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.