CHRIS BREMS 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.
CHRIS BREMS EQUESTRIAN
Largest movements
- Cash +€117,718
up €117,718 (+78,416%), from €150 to €117,868
mainly Advances received (+€325,000) and Depreciation (+€147,771)
- Tangible fixed assets -€54,554
down €54,554 (-2.9%), from €1.9m to €1.8m
of which Land and buildings: -€79,946
- Stocks and contracts +€38,783
up €38,783 (+27.1%), from €143,292 to €182,075
- Advances received +€325,000
new in 2025: €325,000
- Trade debts -€107,289
down €107,289 (-52.1%), from €206,087 to €98,798
- Debts after one year -€102,207
down €102,207 (-9.6%), from €1.1m to €967,207
- Profit (loss) carried forward +€44,638
up €44,638 (+9.7%), from €461,623 to €506,261
- Short-term financial debts -€23,032
no longer reported in 2025 (was €23,032)
- Gross operating margin -€28,638
down €28,638 (-8.9%), from €321,846 to €293,207
- Staff costs -€14,812
down €14,812 (-21.2%), from €69,984 to €55,171
- Financial income -€6,372
down €6,372 (-96.5%), from €6,602 to €230
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 | €2,075,917 | €2,193,082 | +€117,165 | +5.6% |
| Fixed assets | 21/28 | €1,881,970 | €1,827,416 | -€54,554 | -2.9% |
| Tangible fixed assets | 22/27 | €1,881,970 | €1,827,416 | -€54,554 | -2.9% |
| Land and buildings | 22 | €1,827,943 | €1,747,998 | -€79,946 | -4.4% |
| Plant, machinery and equipment | 23 | €46,132 | €71,092 | +€24,961 | +54.1% |
| Furniture and vehicles | 24 | €7,895 | €8,325 | +€431 | +5.5% |
| Current assets | 29/58 | €193,947 | €365,667 | +€171,719 | +88.5% |
| Stocks and contracts in progress | 3 | €143,292 | €182,075 | +€38,783 | +27.1% |
| Stocks | 30/36 | €143,292 | €182,075 | +€38,783 | +27.1% |
| Amounts receivable within one year | 40/41 | €50,505 | €65,724 | +€15,218 | +30.1% |
| Trade receivables | 40 | €50,505 | €58,812 | +€8,306 | +16.4% |
| Other amounts receivable | 41 | - | €6,912 | +€6,912 | |
| Cash at bank and in hand | 54/58 | €150 | €117,868 | +€117,718 | +78,416% |
| Total equity and liabilities | 10/49 | €2,075,917 | €2,193,082 | +€117,165 | +5.6% |
| Equity | 10/15 | €482,083 | €526,721 | +€44,638 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €461,623 | €506,261 | +€44,638 | +9.7% |
| Amounts payable | 17/49 | €1,593,834 | €1,666,361 | +€72,527 | +4.6% |
| Amounts payable after more than one year | 17 | €1,069,414 | €967,207 | -€102,207 | -9.6% |
| Financial debts | 170/4 | €1,069,414 | €967,207 | -€102,207 | -9.6% |
| Amounts payable within one year | 42/48 | €524,421 | €699,155 | +€174,734 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €100,469 | €102,207 | +€1,738 | +1.7% |
| Financial debts | 43 | €23,032 | - | -€23,032 | |
| Credit institutions | 430/8 | €23,032 | - | -€23,032 | |
| Trade debts | 44 | €206,087 | €98,798 | -€107,289 | -52.1% |
| Suppliers | 440/4 | €206,087 | €98,798 | -€107,289 | -52.1% |
| Advances received on contracts in progress | 46 | - | €325,000 | +€325,000 | |
| Taxes, remuneration and social security | 45 | €17,576 | €4,675 | -€12,901 | -73.4% |
| Taxes | 450/3 | €9,967 | €750 | -€9,217 | -92.5% |
| Remuneration and social security | 454/9 | €7,608 | €3,925 | -€3,683 | -48.4% |
| Other amounts payable | 47/48 | €177,258 | €168,475 | -€8,783 | -5.0% |
| Non-recurring operating income | 76A | €42,000 | €500 | -€41,500 | -98.8% |
| Remuneration, social security and pensions | 62 | €69,984 | €55,171 | -€14,812 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,077 | €147,771 | -€305 | -0.2% |
| Other operating charges | 640/8 | €6,054 | €6,413 | +€360 | +5.9% |
| Non-recurring operating charges | 66A | - | €2,922 | +€2,922 | |
| Gross operating margin | 9900 | €321,846 | €293,207 | -€28,638 | -8.9% |
| Operating profit (loss) | 9901 | €97,731 | €80,929 | -€16,803 | -17.2% |
| Financial income | 75/76B | €6,602 | €230 | -€6,372 | -96.5% |
| Recurring financial income | 75 | €6,602 | €230 | -€6,372 | -96.5% |
| Financial charges | 65/66B | €32,929 | €33,505 | +€576 | +1.7% |
| Recurring financial charges | 65 | €32,929 | €33,505 | +€576 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €71,404 | €47,653 | -€23,751 | -33.3% |
| Income taxes | 67/77 | - | €3,015 | +€3,015 | |
| Profit (loss) for the period | 9904 | €71,404 | €44,638 | -€26,766 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,404 | €44,638 | -€26,766 | -37.5% |
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 26 October 2026 via checked.be.