Bluestone 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.
Bluestone Sporthorses
Largest movements
- Receivables within one year +€159,690
up €159,690 (+385%), from €41,482 to €201,171
of which Trade receivables: +€170,264
- Cash -€141,163
down €141,163 (-94.5%), from €149,380 to €8,216
mainly Receivables within one year (-€159,690) and Trade debts (-€51,431)
- Stocks and contracts -€75,000
down €75,000 (-30.6%), from €245,000 to €170,000
- Trade debts -€51,431
down €51,431 (-81.7%), from €62,930 to €11,499
- Other debts +€26,666
up €26,666 (+8.4%), from €316,850 to €343,516
- Profit (loss) carried forward -€22,750
new in 2024: -€22,750
- Tax, wage and social debts -€8,959
down €8,959 (-38.8%), from €23,066 to €14,108
of which Remuneration and social security: -€10,305
- Gross operating margin -€60,167
down €60,167, from €39,204 to -€20,963
- Taxes -€11,750
no longer reported in 2024 (was €11,750)
- Staff costs +€695
new in 2024: €695
- Financial income +€637
new in 2024: €637
- Other operating charges +€547
up €547 (+120%), from €456 to €1,003
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.
Derived cash bridge
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 | €435,861 | €379,387 | -€56,474 | -13.0% |
| Current assets | 29/58 | €435,861 | €379,387 | -€56,474 | -13.0% |
| Stocks and contracts in progress | 3 | €245,000 | €170,000 | -€75,000 | -30.6% |
| Stocks | 30/36 | €245,000 | €170,000 | -€75,000 | -30.6% |
| Amounts receivable within one year | 40/41 | €41,482 | €201,171 | +€159,690 | +385% |
| Trade receivables | 40 | €17,000 | €187,264 | +€170,264 | +1,002% |
| Other amounts receivable | 41 | €24,482 | €13,907 | -€10,574 | -43.2% |
| Cash at bank and in hand | 54/58 | €149,380 | €8,216 | -€141,163 | -94.5% |
| Total equity and liabilities | 10/49 | €435,861 | €379,387 | -€56,474 | -13.0% |
| Equity | 10/15 | €33,015 | €10,265 | -€22,750 | -68.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €26,815 | €26,815 | = | 0.0% |
| Distributable reserves | 133 | €26,815 | €26,815 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,750 | -€22,750 | |
| Amounts payable | 17/49 | €402,846 | €369,123 | -€33,723 | -8.4% |
| Amounts payable within one year | 42/48 | €402,846 | €369,123 | -€33,723 | -8.4% |
| Trade debts | 44 | €62,930 | €11,499 | -€51,431 | -81.7% |
| Suppliers | 440/4 | €62,930 | €11,499 | -€51,431 | -81.7% |
| Taxes, remuneration and social security | 45 | €23,066 | €14,108 | -€8,959 | -38.8% |
| Taxes | 450/3 | €12,762 | €14,108 | +€1,346 | +10.5% |
| Remuneration and social security | 454/9 | €10,305 | - | -€10,305 | |
| Other amounts payable | 47/48 | €316,850 | €343,516 | +€26,666 | +8.4% |
| Remuneration, social security and pensions | 62 | - | €695 | +€695 | |
| Other operating charges | 640/8 | €456 | €1,003 | +€547 | +120% |
| Gross operating margin | 9900 | €39,204 | -€20,963 | -€60,167 | |
| Operating profit (loss) | 9901 | €38,748 | -€22,661 | -€61,408 | |
| Financial income | 75/76B | - | €637 | +€637 | |
| Recurring financial income | 75 | - | €637 | +€637 | |
| Financial charges | 65/66B | €182 | €727 | +€544 | +298% |
| Recurring financial charges | 65 | €182 | €727 | +€544 | +298% |
| Profit (loss) for the period before taxes | 9903 | €38,565 | -€22,750 | -€61,315 | |
| Income taxes | 67/77 | €11,750 | - | -€11,750 | |
| Profit (loss) for the period | 9904 | €26,815 | -€22,750 | -€49,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,815 | -€22,750 | -€49,565 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.