De Waasdonck: what changed
What changed
De Waasdonck
NACE 01.430, Raising of horses and other equines
filed annual accounts (NBB)
Net result for the year
-€8,751
2024 · -€12,491+€3,740
Equity
-€153,175
2024 · -€144,424-€8,751
Cash
€23,375
2024 · €528+€22,847
Balance sheet total
€58,793
2024 · €42,696+€16,098
Largest movements
Assets
- Cash +€22,847
up €22,847 (+4,326%), from €528 to €23,375
mainly Other debts (+€22,085) and Stocks and contracts (+€9,000)
- Stocks and contracts -€9,000
down €9,000 (-21.4%), from €42,000 to €33,000
- Receivables within one year +€2,078
new in 2025: €2,078
Equity and liabilities
- Other debts +€22,085
up €22,085 (+98.7%), from €22,386 to €44,471
- Profit (loss) carried forward -€8,751
down €8,751 (-5.5%), from -€158,684 to -€167,435
- Tax, wage and social debts +€1,650
up €1,650 (+1,089%), from €152 to €1,802
of which Taxes: +€1,010
- Trade debts +€1,445
up €1,445 (+192%), from €751 to €2,196
Income statement
- Gross operating margin +€10,627
up €10,627 (+97.4%), from -€10,915 to -€288
- Staff costs +€7,222
new in 2025: €7,222
- Depreciation -€197
down €197 (-54.0%), from €364 to €168
- Financial charges -€142
down €142 (-44.3%), from €321 to €179
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
-€12,491
Gross operating margin
+€10,627
Staff costs
-€7,222
Depreciation
+€197
Other operating charges
-€74
Financial income
+€70
Financial charges
+€142
Result 2025
-€8,751
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
+€22,847
Investment
€0
Financing
-€0
Cash 2024
€528
From operations (derived)
+€22,847
Net result for the year
-€8,751
Depreciation
+€168
Stocks and contracts
+€9,000
Receivables within one year
-€2,078
Deferred charges and accrued income
-€341
Trade debts
+€1,445
Tax, wage and social debts
+€1,650
Other debts
+€22,085
Accrued charges and deferred income
-€331
Financing
-€0
Short-term financial debts
-€0
Cash 2025
€23,375
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,696 | €58,793 | +€16,098 | +37.7% |
| Fixed assets | 21/28 | €168 | €0 | -€168 | -100% |
| Tangible fixed assets | 22/27 | €168 | €0 | -€168 | -100% |
| Plant, machinery and equipment | 23 | €168 | €0 | -€168 | -100% |
| Current assets | 29/58 | €42,528 | €58,793 | +€16,265 | +38.2% |
| Stocks and contracts in progress | 3 | €42,000 | €33,000 | -€9,000 | -21.4% |
| Stocks | 30/36 | €42,000 | €33,000 | -€9,000 | -21.4% |
| Amounts receivable within one year | 40/41 | - | €2,078 | +€2,078 | |
| Other amounts receivable | 41 | - | €2,078 | +€2,078 | |
| Cash at bank and in hand | 54/58 | €528 | €23,375 | +€22,847 | +4,326% |
| Deferred charges and accrued income | 490/1 | - | €341 | +€341 | |
| Total equity and liabilities | 10/49 | €42,696 | €58,793 | +€16,098 | +37.7% |
| Equity | 10/15 | -€144,424 | -€153,175 | -€8,751 | -6.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 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 | -€158,684 | -€167,435 | -€8,751 | -5.5% |
| Amounts payable | 17/49 | €187,120 | €211,969 | +€24,849 | +13.3% |
| Amounts payable after more than one year | 17 | €163,500 | €163,500 | = | 0.0% |
| Other amounts payable | 178/9 | €163,500 | €163,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,289 | €48,469 | +€25,180 | +108% |
| Financial debts | 43 | €0 | €0 | -€0 | -100% |
| Credit institutions | 430/8 | €0 | €0 | -€0 | -100% |
| Trade debts | 44 | €751 | €2,196 | +€1,445 | +192% |
| Suppliers | 440/4 | €751 | €2,196 | +€1,445 | +192% |
| Taxes, remuneration and social security | 45 | €152 | €1,802 | +€1,650 | +1,089% |
| Taxes | 450/3 | €152 | €1,162 | +€1,010 | +666% |
| Remuneration and social security | 454/9 | - | €640 | +€640 | |
| Other amounts payable | 47/48 | €22,386 | €44,471 | +€22,085 | +98.7% |
| Accrued charges and deferred income | 492/3 | €331 | €0 | -€331 | -100% |
| Remuneration, social security and pensions | 62 | - | €7,222 | +€7,222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €168 | -€197 | -54.0% |
| Other operating charges | 640/8 | €890 | €965 | +€74 | +8.4% |
| Gross operating margin | 9900 | -€10,915 | -€288 | +€10,627 | +97.4% |
| Operating profit (loss) | 9901 | -€12,170 | -€8,642 | +€3,528 | +29.0% |
| Financial income | 75/76B | - | €70 | +€70 | |
| Recurring financial income | 75 | - | €70 | +€70 | |
| Financial charges | 65/66B | €321 | €179 | -€142 | -44.3% |
| Recurring financial charges | 65 | €321 | €179 | -€142 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,491 | -€8,751 | +€3,740 | +29.9% |
| Profit (loss) for the period | 9904 | -€12,491 | -€8,751 | +€3,740 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,491 | -€8,751 | +€3,740 | +29.9% |
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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 4 November 2026 via checked.be.