HEALTHY HORSES: what changed
HEALTHY HORSES
Largest movements
- Receivables within one year +€79,353
up €79,353 (+3,048%), from €2,603 to €81,956
of which Trade receivables: +€69,006
- Cash +€33,301
up €33,301 (+1,245%), from €2,674 to €35,975
mainly Trade debts (+€107,584) and Net result for the year (+€7,860)
- Intangible fixed assets +€4,495
new in 2025: €4,495
- Deferred charges and accrued income +€1,467
new in 2025: €1,467
- Trade debts +€107,584
up €107,584 (+5,051%), from €2,130 to €109,714
- Reserves +€5,707
up €5,707 (+439%), from €1,300 to €7,007
- Profit (loss) carried forward +€2,153
up €2,153, from -€2,153 to €0
- Accrued charges and deferred income +€1,839
up €1,839, from €0 to €1,839
- Tax, wage and social debts +€1,333
up €1,333, from €0 to €1,333
- Gross operating margin +€13,527
up €13,527, from -€1,618 to €11,909
- Financial charges +€1,587
up €1,587 (+3,114%), from €51 to €1,638
- Taxes +€1,333
up €1,333, from €0 to €1,333
- Depreciation +€448
new in 2025: €448
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 | €5,277 | €123,893 | +€118,616 | +2,248% |
| Fixed assets | 21/28 | - | €4,495 | +€4,495 | |
| Intangible fixed assets | 21 | - | €4,495 | +€4,495 | |
| Current assets | 29/58 | €5,277 | €119,398 | +€114,121 | +2,162% |
| Amounts receivable within one year | 40/41 | €2,603 | €81,956 | +€79,353 | +3,048% |
| Trade receivables | 40 | €2,364 | €71,371 | +€69,006 | +2,918% |
| Other amounts receivable | 41 | €239 | €10,585 | +€10,347 | +4,334% |
| Cash at bank and in hand | 54/58 | €2,674 | €35,975 | +€33,301 | +1,245% |
| Deferred charges and accrued income | 490/1 | - | €1,467 | +€1,467 | |
| Total equity and liabilities | 10/49 | €5,277 | €123,893 | +€118,616 | +2,248% |
| Equity | 10/15 | €3,147 | €11,007 | +€7,860 | +250% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €1,300 | €7,007 | +€5,707 | +439% |
| Distributable reserves | 133 | €1,300 | €7,007 | +€5,707 | +439% |
| Profit (loss) carried forward | 14 | -€2,153 | €0 | +€2,153 | |
| Amounts payable | 17/49 | €2,130 | €112,886 | +€110,756 | +5,200% |
| Amounts payable within one year | 42/48 | €2,130 | €111,047 | +€108,917 | +5,114% |
| Trade debts | 44 | €2,130 | €109,714 | +€107,584 | +5,051% |
| Suppliers | 440/4 | €2,130 | €109,714 | +€107,584 | +5,051% |
| Taxes, remuneration and social security | 45 | €0 | €1,333 | +€1,333 | |
| Taxes | 450/3 | €0 | €1,333 | +€1,333 | |
| Accrued charges and deferred income | 492/3 | €0 | €1,839 | +€1,839 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €448 | +€448 | |
| Other operating charges | 640/8 | €577 | €630 | +€53 | +9.1% |
| Gross operating margin | 9900 | -€1,618 | €11,909 | +€13,527 | |
| Operating profit (loss) | 9901 | -€2,195 | €10,831 | +€13,026 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €51 | €1,638 | +€1,587 | +3,114% |
| Recurring financial charges | 65 | €51 | €1,638 | +€1,587 | +3,114% |
| Profit (loss) for the period before taxes | 9903 | -€2,246 | €9,193 | +€11,439 | |
| Income taxes | 67/77 | €0 | €1,333 | +€1,333 | |
| Profit (loss) for the period | 9904 | -€2,246 | €7,860 | +€10,106 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,246 | €7,860 | +€10,106 |
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 2 November 2026 via checked.be.