HET GOUDEN BIT: 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.
What changed
HET GOUDEN BIT
NACE 01.430, Raising of horses and other equines
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€24,364
2024 · -€25,004+€640
Equity
-€41,858
2024 · -€17,494-€24,364
Cash
€3,870
2024 · €8,010-€4,140
Balance sheet total
€575,618
2024 · €612,292-€36,675
Largest movements
Assets
- Tangible fixed assets -€29,875
down €29,875 (-8.0%), from €374,430 to €344,554
of which Land and buildings: -€24,900
Equity and liabilities
- Debts after one year -€49,737
down €49,737 (-12.0%), from €415,416 to €365,679
- Profit (loss) carried forward -€24,364
down €24,364 (-12.7%), from -€191,912 to -€216,276
- Trade debts +€20,435
up €20,435 (+73.9%), from €27,645 to €48,081
- Other debts +€13,559
up €13,559 (+14.4%), from €94,120 to €107,679
Income statement
- Gross operating margin +€4,852
up €4,852 (+19.9%), from €24,330 to €29,181
- Other operating charges +€3,711
up €3,711 (+77.0%), from €4,822 to €8,533
- Depreciation +€317
up €317 (+0.9%), from €34,959 to €35,276
- Financial charges +€314
up €314 (+3.4%), from €9,331 to €9,645
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.
Result 2024
-€25,004
Gross operating margin
+€4,852
Depreciation
-€317
Other operating charges
-€3,711
Financial income
+€0
Financial charges
-€314
Taxes
+€130
Result 2025
-€24,364
raises the resultlowers the result
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.
From operations
+€50,810
Investment
-€5,400
Financing
-€49,550
Cash 2024
€8,010
From operations (derived)
+€50,810
Net result for the year
-€24,364
Depreciation
+€35,276
Stocks and contracts
-€1,575
Receivables within one year
+€244
Deferred charges and accrued income
+€3,991
Trade debts
+€20,435
Tax, wage and social debts
+€2,005
Other debts
+€13,559
Accrued charges and deferred income
+€1,240
Investment (derived)
-€5,400
Investment in fixed assets (net)
-€5,400
Financing
-€49,550
Debts after one year
-€49,737
Current portion of long-term debt
+€611
Short-term financial debts
-€423
Cash 2025
€3,870
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €612,292 | €575,618 | -€36,675 | -6.0% |
| Fixed assets | 21/28 | €374,430 | €344,554 | -€29,875 | -8.0% |
| Tangible fixed assets | 22/27 | €374,430 | €344,554 | -€29,875 | -8.0% |
| Land and buildings | 22 | €346,629 | €321,729 | -€24,900 | -7.2% |
| Plant, machinery and equipment | 23 | €18,506 | €20,381 | +€1,875 | +10.1% |
| Furniture and vehicles | 24 | €3,652 | €2,444 | -€1,208 | -33.1% |
| Other tangible fixed assets | 26 | €5,643 | - | -€5,643 | |
| Current assets | 29/58 | €237,862 | €231,063 | -€6,799 | -2.9% |
| Stocks and contracts in progress | 3 | €216,875 | €218,450 | +€1,575 | +0.7% |
| Stocks | 30/36 | €216,875 | €218,450 | +€1,575 | +0.7% |
| Amounts receivable within one year | 40/41 | €2,996 | €2,752 | -€244 | -8.1% |
| Trade receivables | 40 | €2,996 | €2,752 | -€244 | -8.1% |
| Cash at bank and in hand | 54/58 | €8,010 | €3,870 | -€4,140 | -51.7% |
| Deferred charges and accrued income | 490/1 | €9,982 | €5,991 | -€3,991 | -40.0% |
| Total equity and liabilities | 10/49 | €612,292 | €575,618 | -€36,675 | -6.0% |
| Equity | 10/15 | -€17,494 | -€41,858 | -€24,364 | -139% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €64,710 | €64,710 | = | 0.0% |
| Reserves | 13 | €9,708 | €9,708 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,708 | €9,708 | = | 0.0% |
| Other | 1319 | €9,708 | €9,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,912 | -€216,276 | -€24,364 | -12.7% |
| Amounts payable | 17/49 | €629,786 | €617,476 | -€12,310 | -2.0% |
| Amounts payable after more than one year | 17 | €415,416 | €365,679 | -€49,737 | -12.0% |
| Financial debts | 170/4 | €415,416 | €365,679 | -€49,737 | -12.0% |
| Amounts payable within one year | 42/48 | €214,285 | €250,471 | +€36,186 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €43,711 | €44,322 | +€611 | +1.4% |
| Financial debts | 43 | €41,191 | €40,768 | -€423 | -1.0% |
| Credit institutions | 430/8 | €41,191 | €40,768 | -€423 | -1.0% |
| Trade debts | 44 | €27,645 | €48,081 | +€20,435 | +73.9% |
| Suppliers | 440/4 | €27,645 | €48,081 | +€20,435 | +73.9% |
| Taxes, remuneration and social security | 45 | €7,617 | €9,622 | +€2,005 | +26.3% |
| Taxes | 450/3 | €7,617 | €9,622 | +€2,005 | +26.3% |
| Other amounts payable | 47/48 | €94,120 | €107,679 | +€13,559 | +14.4% |
| Accrued charges and deferred income | 492/3 | €86 | €1,326 | +€1,240 | +1,448% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,959 | €35,276 | +€317 | +0.9% |
| Other operating charges | 640/8 | €4,822 | €8,533 | +€3,711 | +77.0% |
| Gross operating margin | 9900 | €24,330 | €29,181 | +€4,852 | +19.9% |
| Operating profit (loss) | 9901 | -€15,451 | -€14,627 | +€824 | +5.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,331 | €9,645 | +€314 | +3.4% |
| Recurring financial charges | 65 | €9,331 | €9,645 | +€314 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,782 | -€24,272 | +€510 | +2.1% |
| Income taxes | 67/77 | €222 | €92 | -€130 | -58.7% |
| Profit (loss) for the period | 9904 | -€25,004 | -€24,364 | +€640 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,004 | -€24,364 | +€640 | +2.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.