HORSE POWER: what changed
What changed
HORSE POWER
NACE 01.130, Growing of vegetables, melons, roots and tubers
filed annual accounts (NBB)
Net result for the year
-€10,421
2024 · -€12,522+€2,101
Equity
-€10,432
2024 · -€11-€10,421
Cash
€0
2024 · €0
Balance sheet total
€300,500
2024 · €311,786-€11,286
Largest movements
Assets
- Tangible fixed assets -€11,083
down €11,083 (-4.0%), from €278,587 to €267,504
of which Land and buildings: -€10,473
Equity and liabilities
- Debts after one year -€53,142
down €53,142 (-77.0%), from €69,033 to €15,891
- Current portion of long-term debt +€26,828
new in 2025: €26,828
- Other debts +€20,544
up €20,544 (+11.2%), from €183,369 to €203,913
- Profit (loss) carried forward -€10,421
down €10,421 (-30.6%), from -€34,111 to -€44,532
- Trade debts +€4,908
up €4,908 (+61.3%), from €8,007 to €12,915
Income statement
- Gross operating margin +€912
up €912 (+8.4%), from €10,819 to €11,731
- Financial charges -€834
down €834 (-8.8%), from €9,454 to €8,620
- Other operating charges -€353
down €353 (-12.6%), from €2,804 to €2,451
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.
Result 2024
-€12,522
Gross operating margin
+€912
Other operating charges
+€353
Financial income
+€1
Financial charges
+€834
Result 2025
-€10,421
raises the result
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.
From operations
+€26,316
Investment
€0
Financing
-€26,316
Cash 2024
€0
From operations (derived)
+€26,316
Net result for the year
-€10,421
Depreciation
+€11,083
Receivables within one year
+€246
Deferred charges and accrued income
-€43
Trade debts
+€4,908
Other debts
+€20,544
Financing
-€26,316
Debts after one year
-€53,142
Current portion of long-term debt
+€26,828
Short-term financial debts
-€3
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,786 | €300,500 | -€11,286 | -3.6% |
| Fixed assets | 21/28 | €278,587 | €267,504 | -€11,083 | -4.0% |
| Tangible fixed assets | 22/27 | €278,587 | €267,504 | -€11,083 | -4.0% |
| Land and buildings | 22 | €277,367 | €266,894 | -€10,473 | -3.8% |
| Plant, machinery and equipment | 23 | €1,220 | €610 | -€610 | -50.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €33,199 | €32,997 | -€202 | -0.6% |
| Amounts receivable after more than one year | 29 | €22,000 | €22,000 | = | 0.0% |
| Other amounts receivable | 291 | €22,000 | €22,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,326 | €10,081 | -€246 | -2.4% |
| Trade receivables | 40 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 41 | €326 | €81 | -€246 | -75.3% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €873 | €916 | +€43 | +5.0% |
| Total equity and liabilities | 10/49 | €311,786 | €300,500 | -€11,286 | -3.6% |
| Equity | 10/15 | -€11 | -€10,432 | -€10,421 | -97,395% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | - | -€3,100 | |
| Reserves not available under the articles | 1311 | €3,100 | - | -€3,100 | |
| Distributable reserves | 133 | - | €3,100 | +€3,100 | |
| Profit (loss) carried forward | 14 | -€34,111 | -€44,532 | -€10,421 | -30.6% |
| Amounts payable | 17/49 | €311,797 | €310,932 | -€864 | -0.3% |
| Amounts payable after more than one year | 17 | €69,033 | €15,891 | -€53,142 | -77.0% |
| Financial debts | 170/4 | €69,033 | €15,891 | -€53,142 | -77.0% |
| Amounts payable within one year | 42/48 | €242,763 | €295,041 | +€52,277 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | - | €26,828 | +€26,828 | |
| Financial debts | 43 | €51,387 | €51,384 | -€3 | 0.0% |
| Credit institutions | 430/8 | €51,387 | €51,384 | -€3 | 0.0% |
| Trade debts | 44 | €8,007 | €12,915 | +€4,908 | +61.3% |
| Suppliers | 440/4 | €8,007 | €12,915 | +€4,908 | +61.3% |
| Other amounts payable | 47/48 | €183,369 | €203,913 | +€20,544 | +11.2% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,083 | €11,083 | = | 0.0% |
| Other operating charges | 640/8 | €2,804 | €2,451 | -€353 | -12.6% |
| Gross operating margin | 9900 | €10,819 | €11,731 | +€912 | +8.4% |
| Operating profit (loss) | 9901 | -€3,068 | -€1,803 | +€1,265 | +41.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €9,454 | €8,620 | -€834 | -8.8% |
| Recurring financial charges | 65 | €9,454 | €8,620 | -€834 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,522 | -€10,421 | +€2,101 | +16.8% |
| Profit (loss) for the period | 9904 | -€12,522 | -€10,421 | +€2,101 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,522 | -€10,421 | +€2,101 | +16.8% |
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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.