Equestrian 72: 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.
Equestrian 72
Largest movements
- Stocks and contracts +€139,915
up €139,915 (+66.2%), from €211,500 to €351,415
- Receivables within one year -€20,224
down €20,224 (-80.2%), from €25,231 to €5,006
of which Trade receivables: -€19,500
- Cash -€13,022
down €13,022 (-82.5%), from €15,780 to €2,757
mainly Stocks and contracts (-€139,915) and Trade debts (-€18,115)
- Other debts +€122,568
up €122,568 (+49.0%), from €250,037 to €372,605
- Trade debts -€18,115
down €18,115 (-95.9%), from €18,891 to €776
- Gross operating margin -€3,161
down €3,161 (-30.9%), from €10,239 to €7,078
- Taxes -€1,982
down €1,982 (-58.4%), from €3,396 to €1,414
- Depreciation -€760
down €760 (-23.4%), from €3,253 to €2,493
- Other operating charges -€497
down €497 (-26.3%), from €1,885 to €1,389
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.
Cash bridge derived
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 | €280,173 | €384,937 | +€104,764 | +37.4% |
| Fixed assets | 21/28 | €5,879 | €3,386 | -€2,493 | -42.4% |
| Tangible fixed assets | 22/27 | €5,879 | €3,386 | -€2,493 | -42.4% |
| Plant, machinery and equipment | 23 | €3,404 | €2,577 | -€826 | -24.3% |
| Furniture and vehicles | 24 | €2,475 | €809 | -€1,667 | -67.3% |
| Current assets | 29/58 | €274,294 | €381,551 | +€107,257 | +39.1% |
| Stocks and contracts in progress | 3 | €211,500 | €351,415 | +€139,915 | +66.2% |
| Stocks | 30/36 | €211,500 | €351,415 | +€139,915 | +66.2% |
| Amounts receivable within one year | 40/41 | €25,231 | €5,006 | -€20,224 | -80.2% |
| Trade receivables | 40 | €19,500 | €0 | -€19,500 | -100.0% |
| Other amounts receivable | 41 | €5,731 | €5,006 | -€724 | -12.6% |
| Cash at bank and in hand | 54/58 | €15,780 | €2,757 | -€13,022 | -82.5% |
| Deferred charges and accrued income | 490/1 | €21,784 | €22,372 | +€589 | +2.7% |
| Total equity and liabilities | 10/49 | €280,173 | €384,937 | +€104,764 | +37.4% |
| Equity | 10/15 | €6,588 | €8,202 | +€1,614 | +24.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,588 | €3,202 | +€1,614 | +101.7% |
| Distributable reserves | 133 | €1,588 | €3,202 | +€1,614 | +101.7% |
| Amounts payable | 17/49 | €273,585 | €376,734 | +€103,149 | +37.7% |
| Amounts payable within one year | 42/48 | €273,585 | €376,734 | +€103,149 | +37.7% |
| Trade debts | 44 | €18,891 | €776 | -€18,115 | -95.9% |
| Suppliers | 440/4 | €18,891 | €776 | -€18,115 | -95.9% |
| Taxes, remuneration and social security | 45 | €4,657 | €3,353 | -€1,303 | -28.0% |
| Taxes | 450/3 | €4,657 | €3,353 | -€1,303 | -28.0% |
| Other amounts payable | 47/48 | €250,037 | €372,605 | +€122,568 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,253 | €2,493 | -€760 | -23.4% |
| Other operating charges | 640/8 | €1,885 | €1,389 | -€497 | -26.3% |
| Gross operating margin | 9900 | €10,239 | €7,078 | -€3,161 | -30.9% |
| Operating profit (loss) | 9901 | €5,101 | €3,196 | -€1,905 | -37.3% |
| Financial income | 75/76B | €81 | €31 | -€50 | -62.0% |
| Recurring financial income | 75 | €81 | €31 | -€50 | -62.0% |
| Financial charges | 65/66B | €198 | €199 | +€1 | +0.3% |
| Recurring financial charges | 65 | €198 | €199 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €4,984 | €3,028 | -€1,956 | -39.2% |
| Income taxes | 67/77 | €3,396 | €1,414 | -€1,982 | -58.4% |
| Profit (loss) for the period | 9904 | €1,588 | €1,614 | +€26 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,588 | €1,614 | +€26 | +1.7% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.