HORSE FACILITIES: 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.
HORSE FACILITIES
Largest movements
- Receivables within one year +€63,306
up €63,306 (+582%), from €10,878 to €74,184
of which Trade receivables: +€62,147
- Tangible fixed assets +€41,903
up €41,903 (+128%), from €32,733 to €74,636
of which Furniture and vehicles: +€44,276
- Intangible fixed assets -€27,500
down €27,500 (-10.8%), from €254,526 to €227,026
- Current investments -€12,672
no longer reported in 2024 (was €12,672)
- Short-term financial debts +€33,113
new in 2024: €33,113
- Trade debts +€27,466
up €27,466 (+56.2%), from €48,896 to €76,362
- Profit (loss) carried forward -€25,985
down €25,985, from €2,501 to -€23,484
- Other debts +€21,781
up €21,781 (+1,892%), from €1,151 to €22,932
- Debts after one year +€17,643
up €17,643 (+8.4%), from €210,289 to €227,932
- Staff costs +€21,427
up €21,427 (+37.0%), from €57,848 to €79,275
- Gross operating margin +€21,403
up €21,403 (+22.7%), from €94,147 to €115,550
- Depreciation +€18,975
up €18,975 (+81.7%), from €23,221 to €42,196
- Financial charges +€5,864
up €5,864 (+66.0%), from €8,884 to €14,748
- Other operating charges +€4,734
up €4,734 (+772%), from €614 to €5,348
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €321,265 | €389,811 | +€68,546 | +21.3% |
| Fixed assets | 21/28 | €287,258 | €301,661 | +€14,403 | +5.0% |
| Intangible fixed assets | 21 | €254,526 | €227,026 | -€27,500 | -10.8% |
| Tangible fixed assets | 22/27 | €32,733 | €74,636 | +€41,903 | +128% |
| Plant, machinery and equipment | 23 | €21,067 | €18,694 | -€2,373 | -11.3% |
| Furniture and vehicles | 24 | €11,666 | €55,941 | +€44,276 | +380% |
| Current assets | 29/58 | €34,006 | €88,149 | +€54,143 | +159% |
| Stocks and contracts in progress | 3 | €10,456 | €13,966 | +€3,509 | +33.6% |
| Stocks | 30/36 | €10,456 | €13,966 | +€3,509 | +33.6% |
| Amounts receivable within one year | 40/41 | €10,878 | €74,184 | +€63,306 | +582% |
| Trade receivables | 40 | €10,878 | €73,024 | +€62,147 | +571% |
| Other amounts receivable | 41 | - | €1,160 | +€1,160 | |
| Current investments | 50/53 | €12,672 | - | -€12,672 | |
| Total equity and liabilities | 10/49 | €321,265 | €389,811 | +€68,546 | +21.3% |
| Equity | 10/15 | €32,501 | €6,516 | -€25,985 | -80.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,501 | -€23,484 | -€25,985 | |
| Amounts payable | 17/49 | €288,764 | €383,294 | +€94,531 | +32.7% |
| Amounts payable after more than one year | 17 | €210,289 | €227,932 | +€17,643 | +8.4% |
| Financial debts | 170/4 | €210,289 | €227,932 | +€17,643 | +8.4% |
| Amounts payable within one year | 42/48 | €78,475 | €155,362 | +€76,888 | +98.0% |
| Current portion of amounts payable after more than one year | 42 | €13,212 | €13,106 | -€105 | -0.8% |
| Financial debts | 43 | - | €33,113 | +€33,113 | |
| Credit institutions | 430/8 | - | €33,113 | +€33,113 | |
| Trade debts | 44 | €48,896 | €76,362 | +€27,466 | +56.2% |
| Suppliers | 440/4 | €48,896 | €76,362 | +€27,466 | +56.2% |
| Taxes, remuneration and social security | 45 | €15,217 | €9,850 | -€5,367 | -35.3% |
| Taxes | 450/3 | €7,242 | €7,706 | +€465 | +6.4% |
| Remuneration and social security | 454/9 | €7,975 | €2,143 | -€5,832 | -73.1% |
| Other amounts payable | 47/48 | €1,151 | €22,932 | +€21,781 | +1,892% |
| Remuneration, social security and pensions | 62 | €57,848 | €79,275 | +€21,427 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,221 | €42,196 | +€18,975 | +81.7% |
| Other operating charges | 640/8 | €614 | €5,348 | +€4,734 | +772% |
| Gross operating margin | 9900 | €94,147 | €115,550 | +€21,403 | +22.7% |
| Operating profit (loss) | 9901 | €12,465 | -€11,268 | -€23,733 | |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €8,884 | €14,748 | +€5,864 | +66.0% |
| Recurring financial charges | 65 | €8,884 | €14,748 | +€5,864 | +66.0% |
| Profit (loss) for the period before taxes | 9903 | €3,580 | -€25,985 | -€29,565 | |
| Income taxes | 67/77 | €1,080 | - | -€1,080 | |
| Profit (loss) for the period | 9904 | €2,501 | -€25,985 | -€28,485 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,501 | -€25,985 | -€28,485 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.