Haras de Prépinson: 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.
Haras de Prépinson
Largest movements
- Tangible fixed assets -€287,453
down €287,453 (-4.9%), from €5.8m to €5.5m
of which Land and buildings: -€286,888
- Cash +€174,533
up €174,533 (+101%), from €172,271 to €346,805
mainly Depreciation (+€385,137) and Receivables within one year (+€20,615)
- Profit (loss) carried forward -€148,514
down €148,514 (-6.2%), from -€2.4m to -€2.5m
- Gross operating margin +€404,994
up €404,994 (+3,472%), from €11,665 to €416,659
- Staff costs +€15,595
up €15,595 (+10.7%), from €145,736 to €161,331
- Depreciation +€12,884
up €12,884 (+3.5%), from €372,252 to €385,137
- Financial income +€4,653
up €4,653 (+8,273%), from €56 to €4,709
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 | €6,365,227 | €6,200,577 | -€164,650 | -2.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €5,875,623 | €5,577,413 | -€298,211 | -5.1% |
| Intangible fixed assets | 21 | €43,000 | €32,243 | -€10,757 | -25.0% |
| Tangible fixed assets | 22/27 | €5,832,260 | €5,544,807 | -€287,453 | -4.9% |
| Land and buildings | 22 | €5,760,253 | €5,473,366 | -€286,888 | -5.0% |
| Plant, machinery and equipment | 23 | €22,325 | €14,609 | -€7,716 | -34.6% |
| Furniture and vehicles | 24 | €49,682 | €56,833 | +€7,151 | +14.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €489,603 | €623,164 | +€133,561 | +27.3% |
| Stocks and contracts in progress | 3 | €262,250 | €243,250 | -€19,000 | -7.2% |
| Stocks | 30/36 | €262,250 | €243,250 | -€19,000 | -7.2% |
| Amounts receivable within one year | 40/41 | €50,883 | €30,268 | -€20,615 | -40.5% |
| Trade receivables | 40 | €38,130 | €19,672 | -€18,458 | -48.4% |
| Other amounts receivable | 41 | €12,754 | €10,596 | -€2,157 | -16.9% |
| Cash at bank and in hand | 54/58 | €172,271 | €346,805 | +€174,533 | +101% |
| Deferred charges and accrued income | 490/1 | €4,199 | €2,841 | -€1,358 | -32.3% |
| Total equity and liabilities | 10/49 | €6,365,227 | €6,200,577 | -€164,650 | -2.6% |
| Equity | 10/15 | -€245,937 | -€394,450 | -€148,514 | -60.4% |
| Contributions | 10/11 | €2,150,000 | €2,150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,395,937 | -€2,544,450 | -€148,514 | -6.2% |
| Amounts payable | 17/49 | €6,611,164 | €6,595,028 | -€16,136 | -0.2% |
| Amounts payable within one year | 42/48 | €6,611,164 | €6,588,674 | -€22,490 | -0.3% |
| Trade debts | 44 | €41,169 | €24,066 | -€17,103 | -41.5% |
| Suppliers | 440/4 | €41,169 | €24,066 | -€17,103 | -41.5% |
| Taxes, remuneration and social security | 45 | €12,770 | €7,067 | -€5,703 | -44.7% |
| Taxes | 450/3 | €1,696 | €0 | -€1,696 | -100% |
| Remuneration and social security | 454/9 | €11,073 | €7,067 | -€4,007 | -36.2% |
| Other amounts payable | 47/48 | €6,557,225 | €6,557,541 | +€316 | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €6,354 | +€6,354 | |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €145,736 | €161,331 | +€15,595 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372,252 | €385,137 | +€12,884 | +3.5% |
| Other operating charges | 640/8 | €20,096 | €23,277 | +€3,181 | +15.8% |
| Gross operating margin | 9900 | €11,665 | €416,659 | +€404,994 | +3,472% |
| Operating profit (loss) | 9901 | -€526,419 | -€153,086 | +€373,333 | +70.9% |
| Financial income | 75/76B | €56 | €4,709 | +€4,653 | +8,273% |
| Recurring financial income | 75 | €56 | €4,709 | +€4,653 | +8,273% |
| Financial charges | 65/66B | €517 | €137 | -€380 | -73.5% |
| Recurring financial charges | 65 | €517 | €137 | -€380 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | -€526,880 | -€148,514 | +€378,366 | +71.8% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€526,880 | -€148,514 | +€378,366 | +71.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€526,880 | -€148,514 | +€378,366 | +71.8% |
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 23 October 2026 via checked.be.