Brits' Stables: 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.
Brits' Stables
Largest movements
- Receivables within one year -€27,543
down €27,543 (-84.2%), from €32,705 to €5,161
of which Trade receivables: -€19,000
- Tangible fixed assets -€16,692
down €16,692 (-25.1%), from €66,446 to €49,754
- Stocks and contracts +€3,800
up €3,800 (+4.8%), from €79,350 to €83,150
- Cash +€2,766
up €2,766 (+2,330%), from €119 to €2,885
mainly Receivables within one year (+€27,543) and Depreciation (+€20,742)
- Profit (loss) carried forward -€24,265
down €24,265 (-13.4%), from -€180,970 to -€205,235
- Other debts -€10,365
down €10,365 (-3.2%), from €325,500 to €315,135
- Debts after one year -€3,723
down €3,723 (-100%), from €3,723 to €0
- Gross operating margin +€81,332
up €81,332 (+97.8%), from -€83,151 to -€1,819
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 | €184,444 | €146,155 | -€38,289 | -20.8% |
| Fixed assets | 21/28 | €66,446 | €49,754 | -€16,692 | -25.1% |
| Tangible fixed assets | 22/27 | €66,446 | €49,754 | -€16,692 | -25.1% |
| Land and buildings | 22 | €22,708 | €17,357 | -€5,351 | -23.6% |
| Plant, machinery and equipment | 23 | €4,639 | €6,819 | +€2,180 | +47.0% |
| Furniture and vehicles | 24 | €23,320 | €16,810 | -€6,510 | -27.9% |
| Leasing and similar rights | 25 | €12,042 | €5,298 | -€6,744 | -56.0% |
| Other tangible fixed assets | 26 | €3,737 | €3,470 | -€267 | -7.1% |
| Current assets | 29/58 | €117,998 | €96,400 | -€21,598 | -18.3% |
| Stocks and contracts in progress | 3 | €79,350 | €83,150 | +€3,800 | +4.8% |
| Stocks | 30/36 | €79,350 | €83,150 | +€3,800 | +4.8% |
| Amounts receivable within one year | 40/41 | €32,705 | €5,161 | -€27,543 | -84.2% |
| Trade receivables | 40 | €19,000 | €0 | -€19,000 | -100% |
| Other amounts receivable | 41 | €13,705 | €5,161 | -€8,543 | -62.3% |
| Cash at bank and in hand | 54/58 | €119 | €2,885 | +€2,766 | +2,330% |
| Deferred charges and accrued income | 490/1 | €5,825 | €5,204 | -€620 | -10.7% |
| Total equity and liabilities | 10/49 | €184,444 | €146,155 | -€38,289 | -20.8% |
| Equity | 10/15 | -€166,610 | -€190,875 | -€24,265 | -14.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,970 | -€205,235 | -€24,265 | -13.4% |
| Amounts payable | 17/49 | €351,054 | €337,030 | -€14,025 | -4.0% |
| Amounts payable after more than one year | 17 | €3,723 | €0 | -€3,723 | -100% |
| Financial debts | 170/4 | €3,723 | €0 | -€3,723 | -100% |
| Amounts payable within one year | 42/48 | €347,331 | €336,705 | -€10,626 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €4,907 | €3,723 | -€1,184 | -24.1% |
| Trade debts | 44 | €16,456 | €17,091 | +€636 | +3.9% |
| Suppliers | 440/4 | €16,456 | €17,091 | +€636 | +3.9% |
| Taxes, remuneration and social security | 45 | €468 | €755 | +€286 | +61.2% |
| Taxes | 450/3 | €468 | €755 | +€286 | +61.2% |
| Other amounts payable | 47/48 | €325,500 | €315,135 | -€10,365 | -3.2% |
| Accrued charges and deferred income | 492/3 | - | €325 | +€325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,554 | €20,742 | +€187 | +0.9% |
| Other operating charges | 640/8 | €1,392 | €1,499 | +€106 | +7.6% |
| Gross operating margin | 9900 | -€83,151 | -€1,819 | +€81,332 | +97.8% |
| Operating profit (loss) | 9901 | -€105,098 | -€24,060 | +€81,038 | +77.1% |
| Financial income | 75/76B | €4 | €0 | -€4 | -95.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -95.0% |
| Financial charges | 65/66B | €310 | €205 | -€105 | -33.9% |
| Recurring financial charges | 65 | €310 | €205 | -€105 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | -€105,404 | -€24,265 | +€81,140 | +77.0% |
| Profit (loss) for the period | 9904 | -€105,404 | -€24,265 | +€81,140 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,404 | -€24,265 | +€81,140 | +77.0% |
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 14 October 2026 via checked.be.