CMA EQUESTRIAN SERVICES: 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.
CMA EQUESTRIAN SERVICES
Largest movements
- Stocks and contracts +€40,000
up €40,000 (+444.4%), from €9,000 to €49,000
- Receivables within one year +€7,671
up €7,671 (+451.3%), from €1,700 to €9,371
of which Trade receivables: +€9,371
- Tangible fixed assets +€7,067
up €7,067 (+172.3%), from €4,101 to €11,169
of which Plant, machinery and equipment: +€6,053
- Cash +€1,488
up €1,488 (+40.5%), from €3,673 to €5,161
mainly Other debts (+€55,021) and Depreciation (+€1,630)
- Other debts +€55,021
up €55,021 (+149.2%), from €36,884 to €91,905
- Gross operating margin +€25,225
up €25,225, from -€19,410 to €5,815
- Staff costs +€703
up €703 (+148.1%), from €475 to €1,177
- Depreciation +€613
up €613 (+60.2%), from €1,018 to €1,630
- Other operating charges +€538
up €538 (+38.7%), from €1,391 to €1,929
- Financial charges -€479
down €479 (-45.7%), from €1,050 to €570
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.
Cash bridge derived
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 | €18,474 | €74,707 | +€56,232 | +304.4% |
| Fixed assets | 21/28 | €4,101 | €11,169 | +€7,067 | +172.3% |
| Tangible fixed assets | 22/27 | €4,101 | €11,169 | +€7,067 | +172.3% |
| Plant, machinery and equipment | 23 | €461 | €6,514 | +€6,053 | +1312.4% |
| Furniture and vehicles | 24 | €3,640 | €4,655 | +€1,015 | +27.9% |
| Current assets | 29/58 | €14,373 | €63,538 | +€49,165 | +342.1% |
| Stocks and contracts in progress | 3 | €9,000 | €49,000 | +€40,000 | +444.4% |
| Stocks | 30/36 | €9,000 | €49,000 | +€40,000 | +444.4% |
| Amounts receivable within one year | 40/41 | €1,700 | €9,371 | +€7,671 | +451.3% |
| Trade receivables | 40 | - | €9,371 | +€9,371 | |
| Other amounts receivable | 41 | €1,700 | - | -€1,700 | |
| Cash at bank and in hand | 54/58 | €3,673 | €5,161 | +€1,488 | +40.5% |
| Deferred charges and accrued income | 490/1 | - | €6 | +€6 | |
| Total equity and liabilities | 10/49 | €18,474 | €74,707 | +€56,232 | +304.4% |
| Equity | 10/15 | -€20,328 | -€19,936 | +€392 | +1.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,328 | -€22,936 | +€392 | +1.7% |
| Amounts payable | 17/49 | €38,803 | €94,643 | +€55,840 | +143.9% |
| Amounts payable within one year | 42/48 | €38,803 | €94,643 | +€55,840 | +143.9% |
| Trade debts | 44 | €1,398 | €1,951 | +€553 | +39.6% |
| Suppliers | 440/4 | €1,398 | €1,951 | +€553 | +39.6% |
| Taxes, remuneration and social security | 45 | €521 | €787 | +€266 | +51.0% |
| Taxes | 450/3 | €521 | €787 | +€266 | +51.0% |
| Other amounts payable | 47/48 | €36,884 | €91,905 | +€55,021 | +149.2% |
| Remuneration, social security and pensions | 62 | €475 | €1,177 | +€703 | +148.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,018 | €1,630 | +€613 | +60.2% |
| Other operating charges | 640/8 | €1,391 | €1,929 | +€538 | +38.7% |
| Gross operating margin | 9900 | -€19,410 | €5,815 | +€25,225 | |
| Operating profit (loss) | 9901 | -€22,294 | €1,078 | +€23,372 | |
| Financial income | 75/76B | €129 | €4 | -€124 | -96.8% |
| Recurring financial income | 75 | €129 | €4 | -€124 | -96.8% |
| Financial charges | 65/66B | €1,050 | €570 | -€479 | -45.7% |
| Recurring financial charges | 65 | €1,050 | €570 | -€479 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,215 | €512 | +€23,727 | |
| Income taxes | 67/77 | €113 | €120 | +€6 | +5.4% |
| Profit (loss) for the period | 9904 | -€23,328 | €392 | +€23,721 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,328 | €392 | +€23,721 |
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 11 October 2026 via checked.be.