Equines: 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.
Equines
Largest movements
- Cash +€77,983
up €77,983 (+402%), from €19,382 to €97,365
mainly Net result for the year (+€51,999) and Debts after one year (+€34,352)
- Tangible fixed assets -€15,476
down €15,476 (-8.2%), from €188,898 to €173,422
of which Furniture and vehicles: -€8,282
- Profit (loss) carried forward +€51,999
up €51,999 (+925%), from €5,624 to €57,623
- Debts after one year +€34,352
up €34,352 (+48.6%), from €70,729 to €105,081
- Other debts -€31,290
down €31,290 (-97.7%), from €32,011 to €722
- Trade debts +€4,675
up €4,675 (+63.4%), from €7,371 to €12,045
- Gross operating margin +€60,600
up €60,600 (+177%), from €34,196 to €94,796
- Taxes +€10,849
up €10,849 (+1,085%), from €1,000 to €11,849
- Financial charges +€3,118
up €3,118 (+99.6%), from €3,132 to €6,250
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 | €221,623 | €285,188 | +€63,566 | +28.7% |
| Fixed assets | 21/28 | €188,898 | €173,422 | -€15,476 | -8.2% |
| Tangible fixed assets | 22/27 | €188,898 | €173,422 | -€15,476 | -8.2% |
| Plant, machinery and equipment | 23 | €153,426 | €146,232 | -€7,194 | -4.7% |
| Furniture and vehicles | 24 | €35,473 | €27,191 | -€8,282 | -23.3% |
| Current assets | 29/58 | €32,724 | €111,766 | +€79,042 | +242% |
| Stocks and contracts in progress | 3 | €5,362 | €5,167 | -€195 | -3.6% |
| Stocks | 30/36 | €5,362 | €5,167 | -€195 | -3.6% |
| Amounts receivable within one year | 40/41 | €6,122 | €8,148 | +€2,026 | +33.1% |
| Trade receivables | 40 | €6,122 | €8,148 | +€2,026 | +33.1% |
| Cash at bank and in hand | 54/58 | €19,382 | €97,365 | +€77,983 | +402% |
| Deferred charges and accrued income | 490/1 | €1,858 | €1,086 | -€772 | -41.5% |
| Total equity and liabilities | 10/49 | €221,623 | €285,188 | +€63,566 | +28.7% |
| Equity | 10/15 | €74,628 | €126,627 | +€51,999 | +69.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €64,004 | €64,004 | = | 0.0% |
| Distributable reserves | 133 | €64,004 | €64,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,624 | €57,623 | +€51,999 | +925% |
| Amounts payable | 17/49 | €146,994 | €158,561 | +€11,566 | +7.9% |
| Amounts payable after more than one year | 17 | €70,729 | €105,081 | +€34,352 | +48.6% |
| Financial debts | 170/4 | €70,729 | €105,081 | +€34,352 | +48.6% |
| Amounts payable within one year | 42/48 | €76,265 | €53,023 | -€23,243 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €24,493 | €27,304 | +€2,811 | +11.5% |
| Trade debts | 44 | €7,371 | €12,045 | +€4,675 | +63.4% |
| Suppliers | 440/4 | €7,371 | €12,045 | +€4,675 | +63.4% |
| Taxes, remuneration and social security | 45 | €12,391 | €12,952 | +€561 | +4.5% |
| Taxes | 450/3 | €10,314 | €10,897 | +€584 | +5.7% |
| Remuneration and social security | 454/9 | €2,077 | €2,055 | -€22 | -1.1% |
| Other amounts payable | 47/48 | €32,011 | €722 | -€31,290 | -97.7% |
| Accrued charges and deferred income | 492/3 | - | €457 | +€457 | |
| Non-recurring operating income | 76A | - | €1,400 | +€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,458 | €23,703 | +€244 | +1.0% |
| Other operating charges | 640/8 | €1,095 | €1,018 | -€77 | -7.0% |
| Gross operating margin | 9900 | €34,196 | €94,796 | +€60,600 | +177% |
| Operating profit (loss) | 9901 | €9,643 | €70,075 | +€60,433 | +627% |
| Financial income | 75/76B | €113 | €22 | -€90 | -80.2% |
| Recurring financial income | 75 | €113 | €22 | -€90 | -80.2% |
| Financial charges | 65/66B | €3,132 | €6,250 | +€3,118 | +99.6% |
| Recurring financial charges | 65 | €3,132 | €6,250 | +€3,118 | +99.6% |
| Profit (loss) for the period before taxes | 9903 | €6,624 | €63,848 | +€57,224 | +864% |
| Income taxes | 67/77 | €1,000 | €11,849 | +€10,849 | +1,085% |
| Profit (loss) for the period | 9904 | €5,624 | €51,999 | +€46,375 | +825% |
| Profit (loss) for the period to be appropriated | 9905 | €5,624 | €51,999 | +€46,375 | +825% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.