FDH Andalusians: what changed
What changed
FDH Andalusians
NACE 01.430, Raising of horses and other equines
filed annual accounts (NBB)
Net result for the year
-€13,718
2024 · €64,762-€78,479
Equity
€196,639
2024 · €210,356-€13,718
Cash
€1,526
2024 · €989+€538
Balance sheet total
€272,920
2024 · €329,672-€56,753
Largest movements
Assets
- Tangible fixed assets -€48,611
down €48,611 (-17.5%), from €277,840 to €229,230
- Receivables within one year -€16,614
down €16,614 (-35.7%), from €46,478 to €29,864
of which Other amounts receivable: -€17,313
- Stocks and contracts +€9,000
new in 2025: €9,000
Equity and liabilities
- Other debts -€41,168
down €41,168 (-35.6%), from €115,684 to €74,516
- Reserves -€13,718
down €13,718 (-7.2%), from €191,756 to €178,039
Income statement
- Gross operating margin -€105,978
down €105,978 (-73.8%), from €143,674 to €37,696
- Depreciation -€18,312
down €18,312 (-27.9%), from €65,722 to €47,410
- Taxes -€9,228
down €9,228 (-75.0%), from €12,305 to €3,076
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
€64,762
Gross operating margin
-€105,978
Depreciation
+€18,312
Other operating charges
-€143
Financial income
+€100
Financial charges
+€2
Taxes
+€9,228
Result 2025
-€13,718
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
-€663
Investment
+€1,200
Financing
€0
Cash 2024
€989
From operations (derived)
-€663
Net result for the year
-€13,718
Depreciation
+€47,410
Stocks and contracts
-€9,000
Receivables within one year
+€16,614
Deferred charges and accrued income
+€1,065
Trade debts
-€1,867
Other debts
-€41,168
Investment (derived)
+€1,200
Investment in fixed assets (net)
+€1,200
Cash 2025
€1,526
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,672 | €272,920 | -€56,753 | -17.2% |
| Fixed assets | 21/28 | €280,390 | €231,780 | -€48,611 | -17.3% |
| Intangible fixed assets | 21 | €2,550 | €2,550 | = | 0.0% |
| Tangible fixed assets | 22/27 | €277,840 | €229,230 | -€48,611 | -17.5% |
| Land and buildings | 22 | €137,008 | €128,912 | -€8,095 | -5.9% |
| Plant, machinery and equipment | 23 | €27,020 | €12,127 | -€14,893 | -55.1% |
| Furniture and vehicles | 24 | €95,721 | €73,977 | -€21,744 | -22.7% |
| Other tangible fixed assets | 26 | €18,092 | €14,213 | -€3,879 | -21.4% |
| Current assets | 29/58 | €49,282 | €41,140 | -€8,142 | -16.5% |
| Stocks and contracts in progress | 3 | - | €9,000 | +€9,000 | |
| Stocks | 30/36 | - | €9,000 | +€9,000 | |
| Amounts receivable within one year | 40/41 | €46,478 | €29,864 | -€16,614 | -35.7% |
| Trade receivables | 40 | €1,560 | €2,260 | +€699 | +44.8% |
| Other amounts receivable | 41 | €44,918 | €27,604 | -€17,313 | -38.5% |
| Cash at bank and in hand | 54/58 | €989 | €1,526 | +€538 | +54.4% |
| Deferred charges and accrued income | 490/1 | €1,815 | €750 | -€1,065 | -58.7% |
| Total equity and liabilities | 10/49 | €329,672 | €272,920 | -€56,753 | -17.2% |
| Equity | 10/15 | €210,356 | €196,639 | -€13,718 | -6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,756 | €178,039 | -€13,718 | -7.2% |
| Distributable reserves | 133 | €191,756 | €178,039 | -€13,718 | -7.2% |
| Amounts payable | 17/49 | €119,316 | €76,281 | -€43,035 | -36.1% |
| Amounts payable within one year | 42/48 | €119,316 | €76,281 | -€43,035 | -36.1% |
| Trade debts | 44 | €3,632 | €1,765 | -€1,867 | -51.4% |
| Suppliers | 440/4 | €3,632 | €1,765 | -€1,867 | -51.4% |
| Other amounts payable | 47/48 | €115,684 | €74,516 | -€41,168 | -35.6% |
| Non-recurring operating income | 76A | €500 | €30,150 | +€29,650 | +5,930% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,722 | €47,410 | -€18,312 | -27.9% |
| Other operating charges | 640/8 | €821 | €964 | +€143 | +17.4% |
| Gross operating margin | 9900 | €143,674 | €37,696 | -€105,978 | -73.8% |
| Operating profit (loss) | 9901 | €77,131 | -€10,678 | -€87,810 | |
| Financial income | 75/76B | €0 | €100 | +€100 | +999,900% |
| Recurring financial income | 75 | €0 | €100 | +€100 | +999,900% |
| Financial charges | 65/66B | €65 | €63 | -€2 | -2.9% |
| Recurring financial charges | 65 | €65 | €63 | -€2 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €77,066 | -€10,642 | -€87,708 | |
| Income taxes | 67/77 | €12,305 | €3,076 | -€9,228 | -75.0% |
| Profit (loss) for the period | 9904 | €64,762 | -€13,718 | -€78,479 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,762 | -€13,718 | -€78,479 |
Next steps
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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 2 November 2026 via checked.be.