CRUYSEM BREEDING STABLES: what changed
What changed
CRUYSEM BREEDING STABLES
NACE 01.430, Raising of horses and other equines
filed annual accounts (NBB)
Net result for the year
-€527,331
2024 · -€532,628+€5,297
Equity
-€1.1m
2024 · -€526,628-€527,331
Cash
€11,713
2024 · €49,188-€37,474
Balance sheet total
€1.9m
2024 · €1.6m+€248,496
Largest movements
Assets
- Stocks and contracts +€295,500
up €295,500 (+32.0%), from €922,000 to €1.2m
- Receivables within one year -€88,350
down €88,350 (-67.7%), from €130,474 to €42,124
of which Trade receivables: -€111,250
- Tangible fixed assets +€85,002
up €85,002 (+17.5%), from €485,255 to €570,258
of which Furniture and vehicles: +€88,064
- Cash -€37,474
down €37,474 (-76.2%), from €49,188 to €11,713
mainly Net result for the year (-€527,331) and Stocks and contracts (-€295,500)
Equity and liabilities
- Debts after one year +€815,000
up €815,000 (+49.4%), from €1.7m to €2.5m
- Profit (loss) carried forward -€527,331
down €527,331 (-99.0%), from -€532,628 to -€1.1m
- Trade debts -€78,502
down €78,502 (-95.2%), from €82,458 to €3,956
- Other debts +€41,255
up €41,255 (+10.6%), from €387,663 to €428,918
Income statement
- Gross operating margin +€4,146
up €4,146 (+1.1%), from -€365,640 to -€361,494
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€532,628
Gross operating margin
+€4,146
Staff costs
-€2,662
Depreciation
+€3,645
Other operating charges
+€1,933
Financial income
+€785
Financial charges
-€2,550
Result 2025
-€527,331
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€698,010
Investment
-€154,465
Financing
+€815,000
Cash 2024
€49,188
From operations (derived)
-€698,010
Net result for the year
-€527,331
Depreciation
+€69,462
Receivables after one year
+€9,011
Stocks and contracts
-€295,500
Receivables within one year
+€88,350
Deferred charges and accrued income
-€2,829
Trade debts
-€78,502
Tax, wage and social debts
-€1,926
Other debts
+€41,255
Investment (derived)
-€154,465
Investment in fixed assets (net)
-€154,465
Financing
+€815,000
Debts after one year
+€815,000
Cash 2025
€11,713
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,602,884 | €1,851,381 | +€248,496 | +15.5% |
| Fixed assets | 21/28 | €485,255 | €570,258 | +€85,002 | +17.5% |
| Tangible fixed assets | 22/27 | €485,255 | €570,258 | +€85,002 | +17.5% |
| Plant, machinery and equipment | 23 | €75,735 | €72,674 | -€3,061 | -4.0% |
| Furniture and vehicles | 24 | €409,520 | €497,584 | +€88,064 | +21.5% |
| Current assets | 29/58 | €1,117,629 | €1,281,123 | +€163,494 | +14.6% |
| Amounts receivable after more than one year | 29 | €14,887 | €5,876 | -€9,011 | -60.5% |
| Other amounts receivable | 291 | €14,887 | €5,876 | -€9,011 | -60.5% |
| Stocks and contracts in progress | 3 | €922,000 | €1,217,500 | +€295,500 | +32.0% |
| Stocks | 30/36 | €922,000 | €1,217,500 | +€295,500 | +32.0% |
| Amounts receivable within one year | 40/41 | €130,474 | €42,124 | -€88,350 | -67.7% |
| Trade receivables | 40 | €115,831 | €4,581 | -€111,250 | -96.0% |
| Other amounts receivable | 41 | €14,644 | €37,544 | +€22,900 | +156% |
| Cash at bank and in hand | 54/58 | €49,188 | €11,713 | -€37,474 | -76.2% |
| Deferred charges and accrued income | 490/1 | €1,080 | €3,909 | +€2,829 | +262% |
| Total equity and liabilities | 10/49 | €1,602,884 | €1,851,381 | +€248,496 | +15.5% |
| Equity | 10/15 | -€526,628 | -€1,053,959 | -€527,331 | -100% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€532,628 | -€1,059,959 | -€527,331 | -99.0% |
| Amounts payable | 17/49 | €2,129,512 | €2,905,339 | +€775,827 | +36.4% |
| Amounts payable after more than one year | 17 | €1,650,000 | €2,465,000 | +€815,000 | +49.4% |
| Financial debts | 170/4 | €1,650,000 | €2,465,000 | +€815,000 | +49.4% |
| Amounts payable within one year | 42/48 | €479,512 | €440,339 | -€39,173 | -8.2% |
| Trade debts | 44 | €82,458 | €3,956 | -€78,502 | -95.2% |
| Suppliers | 440/4 | €82,458 | €3,956 | -€78,502 | -95.2% |
| Taxes, remuneration and social security | 45 | €9,391 | €7,466 | -€1,926 | -20.5% |
| Taxes | 450/3 | €2,009 | €417 | -€1,592 | -79.2% |
| Remuneration and social security | 454/9 | €7,383 | €7,049 | -€334 | -4.5% |
| Other amounts payable | 47/48 | €387,663 | €428,918 | +€41,255 | +10.6% |
| Non-recurring operating income | 76A | €26,316 | €0 | -€26,316 | -100% |
| Remuneration, social security and pensions | 62 | €51,151 | €53,812 | +€2,662 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,107 | €69,462 | -€3,645 | -5.0% |
| Other operating charges | 640/8 | €4,495 | €2,562 | -€1,933 | -43.0% |
| Gross operating margin | 9900 | -€365,640 | -€361,494 | +€4,146 | +1.1% |
| Operating profit (loss) | 9901 | -€494,392 | -€487,330 | +€7,062 | +1.4% |
| Financial income | 75/76B | €147 | €932 | +€785 | +533% |
| Recurring financial income | 75 | €147 | €932 | +€785 | +533% |
| Financial charges | 65/66B | €38,383 | €40,933 | +€2,550 | +6.6% |
| Recurring financial charges | 65 | €38,383 | €40,933 | +€2,550 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€532,628 | -€527,331 | +€5,297 | +1.0% |
| Profit (loss) for the period | 9904 | -€532,628 | -€527,331 | +€5,297 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€532,628 | -€527,331 | +€5,297 | +1.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.