GO HORSES: what changed
What changed
GO HORSES
NACE 01.430, Raising of horses and other equines
filed annual accounts (NBB)
Net result for the year
€1,115
2024 · -€50,722+€51,837
Equity
-€137,928
2024 · -€139,043+€1,115
Cash
€5,929
2024 · €10,169-€4,240
Balance sheet total
€920,909
2024 · €922,636-€1,727
Largest movements
Assets
- Receivables within one year +€10,677
up €10,677 (+773%), from €1,382 to €12,059
of which Other amounts receivable: +€6,844
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€45,644
up €45,644 (+89.0%), from -€51,313 to -€5,669
- Other operating charges -€4,139
down €4,139 (-55.7%), from €7,426 to €3,287
- Depreciation -€2,561
down €2,561 (-24.8%), from €10,314 to €7,753
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
-€50,722
Gross operating margin
+€45,644
Depreciation
+€2,561
Other operating charges
+€4,139
Financial income
+€31
Financial charges
-€69
Taxes
-€468
Result 2025
€1,115
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
-€4,240
Investment
€0
Financing
€0
Cash 2024
€10,169
From operations (derived)
-€4,240
Net result for the year
+€1,115
Depreciation
+€7,753
Receivables within one year
-€10,677
Deferred charges and accrued income
+€411
Trade debts
+€2,169
Tax, wage and social debts
-€1,670
Other debts
-€3,341
Cash 2025
€5,929
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €922,636 | €920,909 | -€1,727 | -0.2% |
| Fixed assets | 21/28 | €470,435 | €462,681 | -€7,753 | -1.6% |
| Tangible fixed assets | 22/27 | €7,753 | €0 | -€7,753 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,753 | €0 | -€7,753 | -100% |
| Financial fixed assets | 28 | €462,681 | €462,681 | = | 0.0% |
| Current assets | 29/58 | €452,202 | €458,228 | +€6,026 | +1.3% |
| Amounts receivable after more than one year | 29 | €440,000 | €440,000 | = | 0.0% |
| Other amounts receivable | 291 | €440,000 | €440,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,382 | €12,059 | +€10,677 | +773% |
| Trade receivables | 40 | €0 | €3,833 | +€3,833 | |
| Other amounts receivable | 41 | €1,382 | €8,226 | +€6,844 | +495% |
| Cash at bank and in hand | 54/58 | €10,169 | €5,929 | -€4,240 | -41.7% |
| Deferred charges and accrued income | 490/1 | €651 | €241 | -€411 | -63.1% |
| Total equity and liabilities | 10/49 | €922,636 | €920,909 | -€1,727 | -0.2% |
| Equity | 10/15 | -€139,043 | -€137,928 | +€1,115 | +0.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €61,961 | €61,961 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €58,961 | €58,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€231,004 | -€229,889 | +€1,115 | +0.5% |
| Amounts payable | 17/49 | €1,061,679 | €1,058,838 | -€2,842 | -0.3% |
| Amounts payable after more than one year | 17 | €1,056,220 | €1,056,220 | = | 0.0% |
| Other amounts payable | 178/9 | €1,056,220 | €1,056,220 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,459 | €2,618 | -€2,842 | -52.1% |
| Trade debts | 44 | €0 | €2,169 | +€2,169 | |
| Suppliers | 440/4 | €0 | €2,169 | +€2,169 | |
| Taxes, remuneration and social security | 45 | €2,119 | €449 | -€1,670 | -78.8% |
| Taxes | 450/3 | €2,119 | €449 | -€1,670 | -78.8% |
| Other amounts payable | 47/48 | €3,341 | €0 | -€3,341 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,314 | €7,753 | -€2,561 | -24.8% |
| Other operating charges | 640/8 | €7,426 | €3,287 | -€4,139 | -55.7% |
| Gross operating margin | 9900 | -€51,313 | -€5,669 | +€45,644 | +89.0% |
| Operating profit (loss) | 9901 | -€69,053 | -€16,709 | +€52,344 | +75.8% |
| Financial income | 75/76B | €19,189 | €19,220 | +€31 | +0.2% |
| Recurring financial income | 75 | €19,189 | €19,220 | +€31 | +0.2% |
| Financial charges | 65/66B | €243 | €312 | +€69 | +28.6% |
| Recurring financial charges | 65 | €243 | €312 | +€69 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | -€50,107 | €2,198 | +€52,305 | |
| Income taxes | 67/77 | €615 | €1,083 | +€468 | +76.0% |
| Profit (loss) for the period | 9904 | -€50,722 | €1,115 | +€51,837 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,722 | €1,115 | +€51,837 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.