DBS Sporthorses: what changed
DBS Sporthorses
Largest movements
- Deferred charges and accrued income -€16,909
down €16,909 (-80.7%), from €20,943 to €4,034
- Receivables within one year +€11,298
up €11,298 (+467%), from €2,417 to €13,715
of which Trade receivables: +€11,298
- Tangible fixed assets -€10,170
down €10,170 (-13.6%), from €74,790 to €64,620
of which Plant, machinery and equipment: -€8,016
- Stocks and contracts +€6,000
up €6,000 (+8.3%), from €72,710 to €78,710
of which Stocks: +€6,000
- Debts after one year -€13,467
down €13,467 (-26.1%), from €51,640 to €38,173
- Current portion of long-term debt -€9,407
down €9,407 (-41.1%), from €22,874 to €13,467
- Other debts +€8,047
up €8,047 (+16.9%), from €47,561 to €55,607
- Trade debts +€8,043
up €8,043 (+39.4%), from €20,430 to €28,473
- Tax, wage and social debts -€2,191
down €2,191 (-26.1%), from €8,393 to €6,202
of which Remuneration and social security: -€2,206
- Staff costs -€18,444
down €18,444 (-90.0%), from €20,482 to €2,038
- Gross operating margin -€18,310
down €18,310 (-53.5%), from €34,194 to €15,884
- Financial charges +€918
up €918 (+36.2%), from €2,537 to €3,455
- Taxes -€776
down €776 (-100%), from €776 to €0
- Other operating charges +€632
up €632, from €0 to €632
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,293 | €163,421 | -€9,872 | -5.7% |
| Fixed assets | 21/28 | €74,790 | €64,620 | -€10,170 | -13.6% |
| Tangible fixed assets | 22/27 | €74,790 | €64,620 | -€10,170 | -13.6% |
| Land and buildings | 22 | €15,617 | €13,463 | -€2,154 | -13.8% |
| Plant, machinery and equipment | 23 | €59,173 | €51,157 | -€8,016 | -13.5% |
| Current assets | 29/58 | €98,503 | €98,800 | +€298 | +0.3% |
| Stocks and contracts in progress | 3 | €72,710 | €78,710 | +€6,000 | +8.3% |
| Stocks | 30/36 | €68,460 | €74,460 | +€6,000 | +8.8% |
| Contracts in progress | 37 | €4,250 | €4,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,417 | €13,715 | +€11,298 | +467% |
| Trade receivables | 40 | €2,345 | €13,643 | +€11,298 | +482% |
| Other amounts receivable | 41 | €72 | €72 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,433 | €2,342 | -€91 | -3.7% |
| Deferred charges and accrued income | 490/1 | €20,943 | €4,034 | -€16,909 | -80.7% |
| Total equity and liabilities | 10/49 | €173,293 | €163,421 | -€9,872 | -5.7% |
| Equity | 10/15 | €20,460 | €20,049 | -€411 | -2.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €460 | €49 | -€411 | -89.3% |
| Distributable reserves | 133 | €460 | €49 | -€411 | -89.3% |
| Amounts payable | 17/49 | €152,833 | €143,372 | -€9,461 | -6.2% |
| Amounts payable after more than one year | 17 | €51,640 | €38,173 | -€13,467 | -26.1% |
| Financial debts | 170/4 | €51,640 | €38,173 | -€13,467 | -26.1% |
| Amounts payable within one year | 42/48 | €101,193 | €103,750 | +€2,558 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €22,874 | €13,467 | -€9,407 | -41.1% |
| Trade debts | 44 | €20,430 | €28,473 | +€8,043 | +39.4% |
| Suppliers | 440/4 | €20,430 | €28,473 | +€8,043 | +39.4% |
| Advances received on contracts in progress | 46 | €1,935 | €0 | -€1,935 | -100% |
| Taxes, remuneration and social security | 45 | €8,393 | €6,202 | -€2,191 | -26.1% |
| Taxes | 450/3 | €5,659 | €5,674 | +€15 | +0.3% |
| Remuneration and social security | 454/9 | €2,734 | €528 | -€2,206 | -80.7% |
| Other amounts payable | 47/48 | €47,561 | €55,607 | +€8,047 | +16.9% |
| Accrued charges and deferred income | 492/3 | €0 | €1,449 | +€1,449 | |
| Remuneration, social security and pensions | 62 | €20,482 | €2,038 | -€18,444 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,170 | €10,170 | = | 0.0% |
| Other operating charges | 640/8 | €0 | €632 | +€632 | |
| Gross operating margin | 9900 | €34,194 | €15,884 | -€18,310 | -53.5% |
| Operating profit (loss) | 9901 | €3,541 | €3,043 | -€498 | -14.1% |
| Financial income | 75/76B | €9 | €1 | -€9 | -93.4% |
| Recurring financial income | 75 | €9 | €1 | -€9 | -93.4% |
| Financial charges | 65/66B | €2,537 | €3,455 | +€918 | +36.2% |
| Recurring financial charges | 65 | €2,537 | €3,455 | +€918 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €1,013 | -€411 | -€1,425 | |
| Income taxes | 67/77 | €776 | €0 | -€776 | -100% |
| Profit (loss) for the period | 9904 | €238 | -€411 | -€649 | |
| Profit (loss) for the period to be appropriated | 9905 | €238 | -€411 | -€649 |
Next steps
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 4 November 2026 via checked.be.