DVR EQUESTRIAN: what changed
Two fiscal 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.
DVR EQUESTRIAN
Largest movements
- Cash -€33,025
down €33,025 (-99.3%), from €33,242 to €217
mainly Stocks and contracts (-€29,300) and Debts after one year (-€12,279)
- Stocks and contracts +€29,300
up €29,300 (+26.9%), from €108,920 to €138,220
- Tangible fixed assets -€14,443
down €14,443 (-15.9%), from €90,784 to €76,340
of which Plant, machinery and equipment: -€13,804
- Debts after one year -€12,279
down €12,279 (-12.3%), from €100,050 to €87,770
- Other debts -€11,085
down €11,085 (-12.7%), from €87,213 to €76,129
- Gross operating margin -€39,677
down €39,677 (-62.3%), from €63,704 to €24,027
- Financial charges -€1,943
down €1,943 (-37.5%), from €5,185 to €3,242
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,985 | €231,913 | -€20,071 | -8.0% |
| Fixed assets | 21/28 | €92,284 | €77,840 | -€14,443 | -15.7% |
| Tangible fixed assets | 22/27 | €90,784 | €76,340 | -€14,443 | -15.9% |
| Plant, machinery and equipment | 23 | €88,653 | €74,849 | -€13,804 | -15.6% |
| Furniture and vehicles | 24 | €2,131 | €1,492 | -€639 | -30.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €159,701 | €154,073 | -€5,628 | -3.5% |
| Stocks and contracts in progress | 3 | €108,920 | €138,220 | +€29,300 | +26.9% |
| Stocks | 30/36 | €108,920 | €138,220 | +€29,300 | +26.9% |
| Amounts receivable within one year | 40/41 | €14,961 | €13,254 | -€1,706 | -11.4% |
| Trade receivables | 40 | €11,472 | €12,771 | +€1,299 | +11.3% |
| Other amounts receivable | 41 | €3,488 | €483 | -€3,005 | -86.1% |
| Cash at bank and in hand | 54/58 | €33,242 | €217 | -€33,025 | -99.3% |
| Deferred charges and accrued income | 490/1 | €2,579 | €2,382 | -€197 | -7.6% |
| Total equity and liabilities | 10/49 | €251,985 | €231,913 | -€20,071 | -8.0% |
| Equity | 10/15 | €36,903 | €38,547 | +€1,644 | +4.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,903 | €23,547 | +€1,644 | +7.5% |
| Amounts payable | 17/49 | €215,081 | €193,366 | -€21,715 | -10.1% |
| Amounts payable after more than one year | 17 | €100,050 | €87,770 | -€12,279 | -12.3% |
| Financial debts | 170/4 | €100,050 | €87,770 | -€12,279 | -12.3% |
| Amounts payable within one year | 42/48 | €115,032 | €105,596 | -€9,436 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €12,111 | €13,296 | +€1,185 | +9.8% |
| Trade debts | 44 | €14,694 | €15,806 | +€1,112 | +7.6% |
| Suppliers | 440/4 | €14,694 | €15,806 | +€1,112 | +7.6% |
| Taxes, remuneration and social security | 45 | €1,013 | €365 | -€648 | -63.9% |
| Taxes | 450/3 | €1,013 | €365 | -€648 | -63.9% |
| Other amounts payable | 47/48 | €87,213 | €76,129 | -€11,085 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,782 | €16,555 | -€226 | -1.3% |
| Other operating charges | 640/8 | €2,836 | €2,440 | -€396 | -14.0% |
| Gross operating margin | 9900 | €63,704 | €24,027 | -€39,677 | -62.3% |
| Operating profit (loss) | 9901 | €44,087 | €5,032 | -€39,055 | -88.6% |
| Financial income | 75/76B | €10 | €125 | +€115 | +1150.3% |
| Recurring financial income | 75 | €10 | €125 | +€115 | +1150.3% |
| Financial charges | 65/66B | €5,185 | €3,242 | -€1,943 | -37.5% |
| Recurring financial charges | 65 | €5,185 | €3,242 | -€1,943 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €38,912 | €1,915 | -€36,997 | -95.1% |
| Income taxes | 67/77 | €286 | €272 | -€14 | -5.0% |
| Profit (loss) for the period | 9904 | €38,626 | €1,644 | -€36,982 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,626 | €1,644 | -€36,982 | -95.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.