Haras des Hayettes: what changed
Haras des Hayettes
Largest movements
- Stocks and contracts +€65,000
up €65,000 (+1,300%), from €5,000 to €70,000
- Tangible fixed assets +€43,110
new in 2025: €43,110
of which Furniture and vehicles: +€39,782
- Cash +€4,807
up €4,807 (+538%), from €893 to €5,700
mainly Trade debts (+€89,757) and Other debts (+€37,542)
- Trade debts +€89,757
up €89,757 (+1,054%), from €8,519 to €98,276
- Profit (loss) carried forward -€44,450
down €44,450 (-227%), from -€19,578 to -€64,029
- Other debts +€37,542
up €37,542 (+238%), from €15,756 to €53,298
- Debts after one year +€20,766
new in 2025: €20,766
- Accrued charges and deferred income +€5,000
new in 2025: €5,000
- Gross operating margin -€18,366
down €18,366 (-97.3%), from -€18,869 to -€37,236
- Depreciation +€5,953
up €5,953 (+1,245%), from €478 to €6,431
- Financial charges +€556
up €556 (+9,197%), from €6 to €562
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,697 | €120,985 | +€113,288 | +1,472% |
| Formation expenses | 20 | €458 | - | -€458 | |
| Fixed assets | 21/28 | - | €43,110 | +€43,110 | |
| Tangible fixed assets | 22/27 | - | €43,110 | +€43,110 | |
| Furniture and vehicles | 24 | - | €39,782 | +€39,782 | |
| Other tangible fixed assets | 26 | - | €3,328 | +€3,328 | |
| Current assets | 29/58 | €7,239 | €77,875 | +€70,636 | +976% |
| Stocks and contracts in progress | 3 | €5,000 | €70,000 | +€65,000 | +1,300% |
| Stocks | 30/36 | €5,000 | €70,000 | +€65,000 | +1,300% |
| Amounts receivable within one year | 40/41 | €1,346 | €2,167 | +€821 | +61.0% |
| Other amounts receivable | 41 | €1,346 | €2,167 | +€821 | +61.0% |
| Cash at bank and in hand | 54/58 | €893 | €5,700 | +€4,807 | +538% |
| Deferred charges and accrued income | 490/1 | - | €8 | +€8 | |
| Total equity and liabilities | 10/49 | €7,697 | €120,985 | +€113,288 | +1,472% |
| Equity | 10/15 | -€16,578 | -€61,029 | -€44,450 | -268% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,578 | -€64,029 | -€44,450 | -227% |
| Amounts payable | 17/49 | €24,275 | €182,013 | +€157,739 | +650% |
| Amounts payable after more than one year | 17 | - | €20,766 | +€20,766 | |
| Financial debts | 170/4 | - | €20,766 | +€20,766 | |
| Amounts payable within one year | 42/48 | €24,275 | €156,247 | +€131,973 | +544% |
| Current portion of amounts payable after more than one year | 42 | - | €4,673 | +€4,673 | |
| Trade debts | 44 | €8,519 | €98,276 | +€89,757 | +1,054% |
| Suppliers | 440/4 | €8,519 | €98,276 | +€89,757 | +1,054% |
| Other amounts payable | 47/48 | €15,756 | €53,298 | +€37,542 | +238% |
| Accrued charges and deferred income | 492/3 | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €478 | €6,431 | +€5,953 | +1,245% |
| Other operating charges | 640/8 | €225 | €286 | +€61 | +27.1% |
| Gross operating margin | 9900 | -€18,869 | -€37,236 | -€18,366 | -97.3% |
| Operating profit (loss) | 9901 | -€19,572 | -€43,952 | -€24,380 | -125% |
| Financial income | 75/76B | - | €65 | +€65 | |
| Recurring financial income | 75 | - | €65 | +€65 | |
| Financial charges | 65/66B | €6 | €562 | +€556 | +9,197% |
| Recurring financial charges | 65 | €6 | €562 | +€556 | +9,197% |
| Profit (loss) for the period before taxes | 9903 | -€19,578 | -€44,450 | -€24,872 | -127% |
| Profit (loss) for the period | 9904 | -€19,578 | -€44,450 | -€24,872 | -127% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,578 | -€44,450 | -€24,872 | -127% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.