DP SPORTHORSES: 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.
DP SPORTHORSES
Largest movements
- Tangible fixed assets +€50,472
up €50,472 (+108%), from €46,776 to €97,248
of which Plant, machinery and equipment: +€39,105
- Cash +€44,388
up €44,388 (+98,948%), from €45 to €44,433
mainly Trade debts (+€39,525) and Stocks and contracts (+€34,500)
- Stocks and contracts -€34,500
down €34,500 (-10.7%), from €322,500 to €288,000
- Trade debts +€39,525
up €39,525 (+351%), from €11,245 to €50,770
- Other debts +€12,244
up €12,244 (+3.5%), from €346,188 to €358,433
- Debts after one year +€7,069
up €7,069 (+28,276%), from €25 to €7,094
of which Financial debts: +€7,069
- Staff costs -€6,849
down €6,849 (-86.8%), from €7,894 to €1,045
- Depreciation +€6,299
up €6,299 (+103%), from €6,096 to €12,395
- Gross operating margin -€1,854
down €1,854 (-10.8%), from €17,223 to €15,369
- Other operating charges -€1,486
down €1,486 (-77.4%), from €1,920 to €434
- Financial charges +€350
up €350 (+754%), from €46 to €396
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 | €378,363 | €438,938 | +€60,575 | +16.0% |
| Fixed assets | 21/28 | €46,836 | €97,248 | +€50,412 | +108% |
| Tangible fixed assets | 22/27 | €46,776 | €97,248 | +€50,472 | +108% |
| Land and buildings | 22 | €38,685 | €39,697 | +€1,012 | +2.6% |
| Plant, machinery and equipment | 23 | €2,135 | €41,239 | +€39,105 | +1,832% |
| Furniture and vehicles | 24 | €5,956 | €16,312 | +€10,356 | +174% |
| Financial fixed assets | 28 | €60 | €0 | -€60 | -100% |
| Current assets | 29/58 | €331,528 | €341,691 | +€10,163 | +3.1% |
| Stocks and contracts in progress | 3 | €322,500 | €288,000 | -€34,500 | -10.7% |
| Stocks | 30/36 | €322,500 | €288,000 | -€34,500 | -10.7% |
| Amounts receivable within one year | 40/41 | €8,530 | €8,463 | -€68 | -0.8% |
| Trade receivables | 40 | €1,173 | €120 | -€1,053 | -89.8% |
| Other amounts receivable | 41 | €7,357 | €8,343 | +€985 | +13.4% |
| Cash at bank and in hand | 54/58 | €45 | €44,433 | +€44,388 | +98,948% |
| Deferred charges and accrued income | 490/1 | €453 | €795 | +€343 | +75.7% |
| Total equity and liabilities | 10/49 | €378,363 | €438,938 | +€60,575 | +16.0% |
| Equity | 10/15 | €17,119 | €18,219 | +€1,100 | +6.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,119 | €15,219 | +€1,100 | +7.8% |
| Amounts payable | 17/49 | €361,245 | €420,720 | +€59,475 | +16.5% |
| Amounts payable after more than one year | 17 | €25 | €7,094 | +€7,069 | +28,276% |
| Financial debts | 170/4 | - | €7,069 | +€7,069 | |
| Other amounts payable | 178/9 | €25 | €25 | = | 0.0% |
| Amounts payable within one year | 42/48 | €361,220 | €413,626 | +€52,406 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,225 | +€4,225 | |
| Trade debts | 44 | €11,245 | €50,770 | +€39,525 | +351% |
| Suppliers | 440/4 | €11,245 | €50,770 | +€39,525 | +351% |
| Advances received on contracts in progress | 46 | €1,140 | €0 | -€1,140 | -100% |
| Taxes, remuneration and social security | 45 | €2,646 | €198 | -€2,448 | -92.5% |
| Taxes | 450/3 | €2,128 | €198 | -€1,930 | -90.7% |
| Remuneration and social security | 454/9 | €518 | €0 | -€518 | -100% |
| Other amounts payable | 47/48 | €346,188 | €358,433 | +€12,244 | +3.5% |
| Remuneration, social security and pensions | 62 | €7,894 | €1,045 | -€6,849 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,096 | €12,395 | +€6,299 | +103% |
| Other operating charges | 640/8 | €1,920 | €434 | -€1,486 | -77.4% |
| Gross operating margin | 9900 | €17,223 | €15,369 | -€1,854 | -10.8% |
| Operating profit (loss) | 9901 | €1,313 | €1,496 | +€183 | +13.9% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.4% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.4% |
| Financial charges | 65/66B | €46 | €396 | +€350 | +754% |
| Recurring financial charges | 65 | €46 | €396 | +€350 | +754% |
| Profit (loss) for the period before taxes | 9903 | €1,272 | €1,100 | -€172 | -13.5% |
| Income taxes | 67/77 | €198 | €0 | -€198 | -100% |
| Profit (loss) for the period | 9904 | €1,074 | €1,100 | +€26 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,074 | €1,100 | +€26 | +2.4% |
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 29 October 2026 via checked.be.