Finca Horses: 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.
Finca Horses
Largest movements
- Cash +€57,680
up €57,680 (+173%), from €33,259 to €90,939
mainly Net result for the year (+€149,677) and Stocks and contracts (+€41,000)
- Stocks and contracts -€41,000
down €41,000 (-63.1%), from €65,000 to €24,000
- Tangible fixed assets -€9,180
down €9,180 (-53.9%), from €17,044 to €7,863
of which Furniture and vehicles: -€13,730
- Receivables within one year -€6,637
down €6,637 (-18.4%), from €36,114 to €29,476
of which Trade receivables: -€13,693
- Other debts -€154,304
down €154,304 (-75.6%), from €203,997 to €49,693
- Profit (loss) carried forward +€74,974
up €74,974, from -€74,974 to €0
- Reserves +€74,703
new in 2025: €74,703
- Trade debts +€5,927
up €5,927 (+96.6%), from €6,136 to €12,063
- Gross operating margin +€199,117
up €199,117 (+3,131%), from €6,359 to €205,476
- Taxes +€34,031
up €34,031 (+35,098%), from €97 to €34,128
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 | €153,920 | €155,649 | +€1,729 | +1.1% |
| Fixed assets | 21/28 | €17,144 | €7,963 | -€9,180 | -53.6% |
| Tangible fixed assets | 22/27 | €17,044 | €7,863 | -€9,180 | -53.9% |
| Plant, machinery and equipment | 23 | €969 | €5,518 | +€4,550 | +470% |
| Furniture and vehicles | 24 | €16,075 | €2,345 | -€13,730 | -85.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €136,776 | €147,686 | +€10,909 | +8.0% |
| Stocks and contracts in progress | 3 | €65,000 | €24,000 | -€41,000 | -63.1% |
| Stocks | 30/36 | €65,000 | €24,000 | -€41,000 | -63.1% |
| Amounts receivable within one year | 40/41 | €36,114 | €29,476 | -€6,637 | -18.4% |
| Trade receivables | 40 | €32,564 | €18,871 | -€13,693 | -42.0% |
| Other amounts receivable | 41 | €3,550 | €10,605 | +€7,056 | +199% |
| Cash at bank and in hand | 54/58 | €33,259 | €90,939 | +€57,680 | +173% |
| Deferred charges and accrued income | 490/1 | €2,403 | €3,270 | +€867 | +36.1% |
| Total equity and liabilities | 10/49 | €153,920 | €155,649 | +€1,729 | +1.1% |
| Equity | 10/15 | -€56,424 | €93,253 | +€149,677 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | - | €74,703 | +€74,703 | |
| Distributable reserves | 133 | - | €74,703 | +€74,703 | |
| Profit (loss) carried forward | 14 | -€74,974 | €0 | +€74,974 | |
| Amounts payable | 17/49 | €210,343 | €62,395 | -€147,948 | -70.3% |
| Amounts payable within one year | 42/48 | €210,343 | €62,395 | -€147,948 | -70.3% |
| Trade debts | 44 | €6,136 | €12,063 | +€5,927 | +96.6% |
| Suppliers | 440/4 | €6,136 | €12,063 | +€5,927 | +96.6% |
| Taxes, remuneration and social security | 45 | €210 | €639 | +€429 | +204% |
| Taxes | 450/3 | €210 | €639 | +€429 | +204% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €203,997 | €49,693 | -€154,304 | -75.6% |
| Remuneration, social security and pensions | 62 | €264 | €0 | -€264 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,558 | €16,240 | +€682 | +4.4% |
| Other operating charges | 640/8 | €569 | €1,509 | +€940 | +165% |
| Gross operating margin | 9900 | €6,359 | €205,476 | +€199,117 | +3,131% |
| Operating profit (loss) | 9901 | -€10,032 | €187,727 | +€197,759 | |
| Financial income | 75/76B | €53 | €3 | -€51 | -95.3% |
| Recurring financial income | 75 | €53 | €3 | -€51 | -95.3% |
| Financial charges | 65/66B | €1,956 | €3,925 | +€1,969 | +101% |
| Recurring financial charges | 65 | €1,956 | €3,925 | +€1,969 | +101% |
| Profit (loss) for the period before taxes | 9903 | -€11,935 | €183,804 | +€195,739 | |
| Income taxes | 67/77 | €97 | €34,128 | +€34,031 | +35,098% |
| Profit (loss) for the period | 9904 | -€12,032 | €149,677 | +€161,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,032 | €149,677 | +€161,709 |
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 25 October 2026 via checked.be.