HORSE LOUNGE: what changed
HORSE LOUNGE
Largest movements
- Cash +€1,318
up €1,318 (+32.8%), from €4,018 to €5,336
mainly Net result for the year (+€24,761) and Depreciation (+€2,071)
- Tangible fixed assets -€184
down €184 (-8.9%), from €2,071 to €1,887
of which Furniture and vehicles: -€2,071
- Deferred charges and accrued income +€152
up €152 (+51.4%), from €296 to €447
- Profit (loss) carried forward +€24,761
up €24,761 (+43.8%), from -€56,593 to -€31,833
- Debts after one year -€22,000
down €22,000 (-57.4%), from €38,300 to €16,300
- Current portion of long-term debt -€3,042
down €3,042 (-100%), from €3,042 to €0
- Other debts +€660
up €660 (+134%), from €494 to €1,154
- Trade debts +€517
up €517 (+294%), from €176 to €693
- Staff costs +€7,865
new in 2025: €7,865
- Depreciation -€644
down €644 (-23.7%), from €2,715 to €2,071
- Gross operating margin +€542
up €542 (+1.5%), from €35,558 to €36,100
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 | €6,384 | €7,670 | +€1,286 | +20.1% |
| Fixed assets | 21/28 | €2,071 | €1,887 | -€184 | -8.9% |
| Tangible fixed assets | 22/27 | €2,071 | €1,887 | -€184 | -8.9% |
| Furniture and vehicles | 24 | €2,071 | €0 | -€2,071 | -100% |
| Other tangible fixed assets | 26 | - | €1,887 | +€1,887 | |
| Current assets | 29/58 | €4,313 | €5,783 | +€1,470 | +34.1% |
| Cash at bank and in hand | 54/58 | €4,018 | €5,336 | +€1,318 | +32.8% |
| Deferred charges and accrued income | 490/1 | €296 | €447 | +€152 | +51.4% |
| Total equity and liabilities | 10/49 | €6,384 | €7,670 | +€1,286 | +20.1% |
| Equity | 10/15 | -€38,043 | -€13,283 | +€24,761 | +65.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,593 | -€31,833 | +€24,761 | +43.8% |
| Amounts payable | 17/49 | €44,428 | €20,953 | -€23,475 | -52.8% |
| Amounts payable after more than one year | 17 | €38,300 | €16,300 | -€22,000 | -57.4% |
| Financial debts | 170/4 | €38,300 | €16,300 | -€22,000 | -57.4% |
| Amounts payable within one year | 42/48 | €6,128 | €4,653 | -€1,475 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €3,042 | €0 | -€3,042 | -100% |
| Trade debts | 44 | €176 | €693 | +€517 | +294% |
| Suppliers | 440/4 | €176 | €693 | +€517 | +294% |
| Taxes, remuneration and social security | 45 | €2,415 | €2,806 | +€390 | +16.2% |
| Taxes | 450/3 | €2,415 | €2,606 | +€190 | +7.9% |
| Remuneration and social security | 454/9 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €494 | €1,154 | +€660 | +134% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €7,865 | +€7,865 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,715 | €2,071 | -€644 | -23.7% |
| Other operating charges | 640/8 | €798 | €867 | +€69 | +8.6% |
| Gross operating margin | 9900 | €35,558 | €36,100 | +€542 | +1.5% |
| Operating profit (loss) | 9901 | €32,045 | €25,297 | -€6,748 | -21.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €662 | €536 | -€126 | -19.0% |
| Recurring financial charges | 65 | €662 | €536 | -€126 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €31,383 | €24,761 | -€6,622 | -21.1% |
| Profit (loss) for the period | 9904 | €31,383 | €24,761 | -€6,622 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,383 | €24,761 | -€6,622 | -21.1% |
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 5 November 2026 via checked.be.