GT Equestrian: 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.
GT Equestrian
Largest movements
- Cash +€114,935
up €114,935 (+337%), from €34,099 to €149,034
mainly Net result for the year (+€125,659) and Tax, wage and social debts (+€36,943)
- Receivables within one year +€38,967
up €38,967 (+17,498%), from €223 to €39,190
of which Trade receivables: +€39,190
- Stocks and contracts +€8,000
new in 2025: €8,000
- Reserves +€125,659
up €125,659 (+513%), from €24,498 to €150,156
- Tax, wage and social debts +€36,943
up €36,943 (+603%), from €6,124 to €43,068
of which Taxes: +€34,443
- Gross operating margin +€132,938
up €132,938 (+433%), from €30,694 to €163,632
- Taxes +€31,728
up €31,728 (+518%), from €6,124 to €37,852
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 | €34,322 | €196,224 | +€161,902 | +472% |
| Current assets | 29/58 | €34,322 | €196,224 | +€161,902 | +472% |
| Stocks and contracts in progress | 3 | - | €8,000 | +€8,000 | |
| Stocks | 30/36 | - | €8,000 | +€8,000 | |
| Amounts receivable within one year | 40/41 | €223 | €39,190 | +€38,967 | +17,498% |
| Trade receivables | 40 | - | €39,190 | +€39,190 | |
| Other amounts receivable | 41 | €223 | - | -€223 | |
| Cash at bank and in hand | 54/58 | €34,099 | €149,034 | +€114,935 | +337% |
| Total equity and liabilities | 10/49 | €34,322 | €196,224 | +€161,902 | +472% |
| Equity | 10/15 | €27,498 | €153,156 | +€125,659 | +457% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €24,498 | €150,156 | +€125,659 | +513% |
| Distributable reserves | 133 | €24,498 | €150,156 | +€125,659 | +513% |
| Amounts payable | 17/49 | €6,824 | €43,068 | +€36,243 | +531% |
| Amounts payable within one year | 42/48 | €6,824 | €43,068 | +€36,243 | +531% |
| Trade debts | 44 | €700 | - | -€700 | |
| Suppliers | 440/4 | €700 | - | -€700 | |
| Taxes, remuneration and social security | 45 | €6,124 | €43,068 | +€36,943 | +603% |
| Taxes | 450/3 | €6,124 | €40,568 | +€34,443 | +562% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Gross operating margin | 9900 | €30,694 | €163,632 | +€132,938 | +433% |
| Operating profit (loss) | 9901 | €30,694 | €163,632 | +€132,938 | +433% |
| Financial charges | 65/66B | €72 | €121 | +€49 | +67.9% |
| Recurring financial charges | 65 | €72 | €121 | +€49 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €30,622 | €163,511 | +€132,889 | +434% |
| Income taxes | 67/77 | €6,124 | €37,852 | +€31,728 | +518% |
| Profit (loss) for the period | 9904 | €24,498 | €125,659 | +€101,161 | +413% |
| Profit (loss) for the period to be appropriated | 9905 | €24,498 | €125,659 | +€101,161 | +413% |
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 20 October 2026 via checked.be.