HORSE TRADING EXPORT: 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 TRADING EXPORT
Largest movements
- Receivables within one year +€22,937
up €22,937 (+338%), from €6,785 to €29,722
of which Other amounts receivable: +€16,937
- Cash -€20,330
down €20,330 (-99.3%), from €20,481 to €151
mainly Receivables within one year (-€22,937) and Net result for the year (-€8,544)
- Stocks and contracts +€1,090
up €1,090 (+11.6%), from €9,410 to €10,500
- Profit (loss) carried forward -€8,544
down €8,544 (-78.7%), from €10,861 to €2,317
- Tax, wage and social debts +€8,208
up €8,208 (+38.1%), from €21,545 to €29,752
of which Taxes: +€7,843
- Trade debts +€3,633
up €3,633 (+130%), from €2,803 to €6,437
- Gross operating margin -€31,172
down €31,172, from €28,202 to -€2,970
- Taxes -€2,715
no longer reported in 2023 (was €2,715)
- Staff costs +€2,329
up €2,329 (+115%), from €2,021 to €4,350
- Other operating charges -€1,537
down €1,537 (-70.9%), from €2,167 to €630
- Financial charges -€397
down €397 (-56.9%), from €698 to €301
From the 2022 result to the 2023 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
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,209 | €41,506 | +€3,298 | +8.6% |
| Fixed assets | 21/28 | €1,533 | €1,133 | -€400 | -26.1% |
| Tangible fixed assets | 22/27 | €1,533 | €1,133 | -€400 | -26.1% |
| Plant, machinery and equipment | 23 | €1,533 | €1,133 | -€400 | -26.1% |
| Current assets | 29/58 | €36,676 | €40,373 | +€3,698 | +10.1% |
| Stocks and contracts in progress | 3 | €9,410 | €10,500 | +€1,090 | +11.6% |
| Stocks | 30/36 | €9,410 | €10,500 | +€1,090 | +11.6% |
| Amounts receivable within one year | 40/41 | €6,785 | €29,722 | +€22,937 | +338% |
| Trade receivables | 40 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 41 | €6,785 | €23,722 | +€16,937 | +250% |
| Cash at bank and in hand | 54/58 | €20,481 | €151 | -€20,330 | -99.3% |
| Total equity and liabilities | 10/49 | €38,209 | €41,506 | +€3,298 | +8.6% |
| Equity | 10/15 | €13,861 | €5,317 | -€8,544 | -61.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,861 | €2,317 | -€8,544 | -78.7% |
| Amounts payable | 17/49 | €24,348 | €36,189 | +€11,841 | +48.6% |
| Amounts payable within one year | 42/48 | €24,348 | €36,189 | +€11,841 | +48.6% |
| Trade debts | 44 | €2,803 | €6,437 | +€3,633 | +130% |
| Suppliers | 440/4 | €2,803 | €6,437 | +€3,633 | +130% |
| Taxes, remuneration and social security | 45 | €21,545 | €29,752 | +€8,208 | +38.1% |
| Taxes | 450/3 | €21,545 | €29,387 | +€7,843 | +36.4% |
| Remuneration and social security | 454/9 | - | €365 | +€365 | |
| Remuneration, social security and pensions | 62 | €2,021 | €4,350 | +€2,329 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €400 | = | 0.0% |
| Other operating charges | 640/8 | €2,167 | €630 | -€1,537 | -70.9% |
| Gross operating margin | 9900 | €28,202 | -€2,970 | -€31,172 | |
| Operating profit (loss) | 9901 | €23,614 | -€8,350 | -€31,964 | |
| Financial income | 75/76B | €23 | €108 | +€85 | +375% |
| Recurring financial income | 75 | €23 | €108 | +€85 | +375% |
| Financial charges | 65/66B | €698 | €301 | -€397 | -56.9% |
| Recurring financial charges | 65 | €698 | €301 | -€397 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €22,939 | -€8,544 | -€31,482 | |
| Income taxes | 67/77 | €2,715 | - | -€2,715 | |
| Profit (loss) for the period | 9904 | €20,223 | -€8,544 | -€28,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,223 | -€8,544 | -€28,767 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.