Global Equestrian Technology: 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.
Global Equestrian Technology
Largest movements
- Receivables within one year -€848
down €848 (-61.0%), from €1,389 to €541
of which Other amounts receivable: -€848
- Cash -€480
down €480 (-19.4%), from €2,471 to €1,991
mainly Tax, wage and social debts (-€10,020) and Net result for the year (-€8,244)
- Debts after one year +€16,529
up €16,529 (+32.7%), from €50,571 to €67,101
- Tax, wage and social debts -€10,020
down €10,020 (-57.2%), from €17,523 to €7,503
of which Taxes: -€5,660
- Profit (loss) carried forward -€8,244
down €8,244 (-11.2%), from -€73,836 to -€82,080
- Trade debts +€395
up €395 (+65.7%), from €601 to €995
- Staff costs -€59,098
down €59,098 (-100%), from €59,098 to €0
- Gross operating margin +€5,882
up €5,882 (+49.3%), from -€11,922 to -€6,039
- Financial charges +€1,069
up €1,069 (+156%), from €687 to €1,756
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 | €3,859 | €2,532 | -€1,327 | -34.4% |
| Current assets | 29/58 | €3,859 | €2,532 | -€1,327 | -34.4% |
| Amounts receivable within one year | 40/41 | €1,389 | €541 | -€848 | -61.0% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €1,389 | €541 | -€848 | -61.0% |
| Cash at bank and in hand | 54/58 | €2,471 | €1,991 | -€480 | -19.4% |
| Total equity and liabilities | 10/49 | €3,859 | €2,532 | -€1,327 | -34.4% |
| Equity | 10/15 | -€64,836 | -€73,080 | -€8,244 | -12.7% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,836 | -€82,080 | -€8,244 | -11.2% |
| Amounts payable | 17/49 | €68,695 | €75,612 | +€6,917 | +10.1% |
| Amounts payable after more than one year | 17 | €50,571 | €67,101 | +€16,529 | +32.7% |
| Financial debts | 170/4 | €50,571 | €67,101 | +€16,529 | +32.7% |
| Amounts payable within one year | 42/48 | €18,124 | €8,499 | -€9,625 | -53.1% |
| Trade debts | 44 | €601 | €995 | +€395 | +65.7% |
| Suppliers | 440/4 | €601 | €995 | +€395 | +65.7% |
| Taxes, remuneration and social security | 45 | €17,523 | €7,503 | -€10,020 | -57.2% |
| Taxes | 450/3 | €5,660 | €0 | -€5,660 | -100% |
| Remuneration and social security | 454/9 | €11,863 | €7,503 | -€4,360 | -36.8% |
| Accrued charges and deferred income | 492/3 | - | €13 | +€13 | |
| Remuneration, social security and pensions | 62 | €59,098 | €0 | -€59,098 | -100% |
| Other operating charges | 640/8 | €384 | €449 | +€65 | +16.9% |
| Gross operating margin | 9900 | -€11,922 | -€6,039 | +€5,882 | +49.3% |
| Operating profit (loss) | 9901 | -€71,404 | -€6,489 | +€64,915 | +90.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €687 | €1,756 | +€1,069 | +156% |
| Recurring financial charges | 65 | €687 | €1,756 | +€1,069 | +156% |
| Profit (loss) for the period before taxes | 9903 | -€72,091 | -€8,244 | +€63,847 | +88.6% |
| Profit (loss) for the period | 9904 | -€72,091 | -€8,244 | +€63,847 | +88.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,091 | -€8,244 | +€63,847 | +88.6% |
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 18 October 2026 via checked.be.