BERTHOLET JUMPING HORSES: 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.
BERTHOLET JUMPING HORSES
Largest movements
- Stocks and contracts +€34,250
up €34,250 (+58.2%), from €58,840 to €93,090
- Cash -€15,099
down €15,099 (-55.5%), from €27,228 to €12,129
mainly Net result for the year (-€45,780) and Stocks and contracts (-€34,250)
- Deferred charges and accrued income -€1,727
down €1,727 (-68.3%), from €2,527 to €800
- Tangible fixed assets -€1,396
down €1,396 (-9.1%), from €15,299 to €13,903
of which Plant, machinery and equipment: -€1,396
- Receivables within one year +€1,312
up €1,312 (+111%), from €1,185 to €2,497
of which Trade receivables: +€1,743
- Other debts +€63,485
up €63,485 (+49.0%), from €129,574 to €193,059
- Profit (loss) carried forward -€45,780
down €45,780 (-59.1%), from -€77,427 to -€123,206
- Trade debts -€2,524
down €2,524 (-44.6%), from €5,663 to €3,139
- Accrued charges and deferred income +€1,306
up €1,306 (+30.6%), from €4,264 to €5,569
- Gross operating margin -€14,026
down €14,026 (-57.6%), from -€24,363 to -€38,389
- Financial charges +€384
up €384 (+8.5%), from €4,542 to €4,927
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 | €108,040 | €124,362 | +€16,322 | +15.1% |
| Formation expenses | 20 | €2,961 | €1,942 | -€1,018 | -34.4% |
| Fixed assets | 21/28 | €15,299 | €13,903 | -€1,396 | -9.1% |
| Tangible fixed assets | 22/27 | €15,299 | €13,903 | -€1,396 | -9.1% |
| Plant, machinery and equipment | 23 | €5,299 | €3,903 | -€1,396 | -26.3% |
| Furniture and vehicles | 24 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €89,780 | €108,517 | +€18,736 | +20.9% |
| Stocks and contracts in progress | 3 | €58,840 | €93,090 | +€34,250 | +58.2% |
| Stocks | 30/36 | €58,840 | €93,090 | +€34,250 | +58.2% |
| Amounts receivable within one year | 40/41 | €1,185 | €2,497 | +€1,312 | +111% |
| Trade receivables | 40 | - | €1,743 | +€1,743 | |
| Other amounts receivable | 41 | €1,185 | €755 | -€431 | -36.3% |
| Cash at bank and in hand | 54/58 | €27,228 | €12,129 | -€15,099 | -55.5% |
| Deferred charges and accrued income | 490/1 | €2,527 | €800 | -€1,727 | -68.3% |
| Total equity and liabilities | 10/49 | €108,040 | €124,362 | +€16,322 | +15.1% |
| Equity | 10/15 | -€31,627 | -€77,406 | -€45,780 | -145% |
| Contributions | 10/11 | €45,800 | €45,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,427 | -€123,206 | -€45,780 | -59.1% |
| Amounts payable | 17/49 | €139,666 | €201,768 | +€62,101 | +44.5% |
| Amounts payable within one year | 42/48 | €135,403 | €196,199 | +€60,796 | +44.9% |
| Trade debts | 44 | €5,663 | €3,139 | -€2,524 | -44.6% |
| Suppliers | 440/4 | €5,663 | €3,139 | -€2,524 | -44.6% |
| Taxes, remuneration and social security | 45 | €166 | - | -€166 | |
| Taxes | 450/3 | €166 | - | -€166 | |
| Other amounts payable | 47/48 | €129,574 | €193,059 | +€63,485 | +49.0% |
| Accrued charges and deferred income | 492/3 | €4,264 | €5,569 | +€1,306 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,164 | €2,414 | +€250 | +11.5% |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Non-recurring operating charges | 66A | €200 | - | -€200 | |
| Gross operating margin | 9900 | -€24,363 | -€38,389 | -€14,026 | -57.6% |
| Operating profit (loss) | 9901 | -€26,728 | -€40,853 | -€14,126 | -52.9% |
| Financial charges | 65/66B | €4,542 | €4,927 | +€384 | +8.5% |
| Recurring financial charges | 65 | €4,542 | €4,927 | +€384 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,270 | -€45,780 | -€14,510 | -46.4% |
| Profit (loss) for the period | 9904 | -€31,270 | -€45,780 | -€14,510 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,270 | -€45,780 | -€14,510 | -46.4% |
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 28 October 2026 via checked.be.