Horse Wellness: 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 Wellness
Largest movements
- Tangible fixed assets -€3,101
down €3,101 (-31.5%), from €9,840 to €6,739
of which Plant, machinery and equipment: -€2,582
- Receivables within one year +€1,466
up €1,466 (+281%), from €521 to €1,987
of which Trade receivables: +€1,987
- Trade debts -€23,320
down €23,320 (-98.3%), from €23,716 to €396
- Profit (loss) carried forward +€11,144
up €11,144 (+26.8%), from -€41,622 to -€30,478
- Other debts +€4,302
new in 2025: €4,302
- Short-term financial debts +€3,360
up €3,360 (+299%), from €1,122 to €4,483
- Tax, wage and social debts +€2,878
up €2,878 (+14.6%), from €19,754 to €22,633
of which Taxes: +€1,459
- Gross operating margin +€35,759
up €35,759 (+242%), from €14,805 to €50,563
- Financial charges -€1,651
down €1,651 (-52.6%), from €3,138 to €1,487
- Staff costs -€1,100
down €1,100 (-3.1%), from €35,511 to €34,412
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.
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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,361 | €8,726 | -€1,635 | -15.8% |
| Fixed assets | 21/28 | €9,840 | €6,739 | -€3,101 | -31.5% |
| Tangible fixed assets | 22/27 | €9,840 | €6,739 | -€3,101 | -31.5% |
| Plant, machinery and equipment | 23 | €7,986 | €5,405 | -€2,582 | -32.3% |
| Other tangible fixed assets | 26 | €1,854 | €1,334 | -€519 | -28.0% |
| Current assets | 29/58 | €521 | €1,987 | +€1,466 | +281% |
| Amounts receivable within one year | 40/41 | €521 | €1,987 | +€1,466 | +281% |
| Trade receivables | 40 | - | €1,987 | +€1,987 | |
| Other amounts receivable | 41 | €521 | - | -€521 | |
| Total equity and liabilities | 10/49 | €10,361 | €8,726 | -€1,635 | -15.8% |
| Equity | 10/15 | -€38,622 | -€27,478 | +€11,144 | +28.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,622 | -€30,478 | +€11,144 | +26.8% |
| Amounts payable | 17/49 | €48,983 | €36,204 | -€12,779 | -26.1% |
| Amounts payable within one year | 42/48 | €48,983 | €36,204 | -€12,779 | -26.1% |
| Financial debts | 43 | €1,122 | €4,483 | +€3,360 | +299% |
| Credit institutions | 430/8 | €1,122 | €4,483 | +€3,360 | +299% |
| Trade debts | 44 | €23,716 | €396 | -€23,320 | -98.3% |
| Suppliers | 440/4 | €23,716 | €396 | -€23,320 | -98.3% |
| Advances received on contracts in progress | 46 | €4,390 | €4,390 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,754 | €22,633 | +€2,878 | +14.6% |
| Taxes | 450/3 | €16,544 | €18,004 | +€1,459 | +8.8% |
| Remuneration and social security | 454/9 | €3,210 | €4,629 | +€1,419 | +44.2% |
| Other amounts payable | 47/48 | - | €4,302 | +€4,302 | |
| Remuneration, social security and pensions | 62 | €35,511 | €34,412 | -€1,100 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,940 | €3,101 | +€161 | +5.5% |
| Other operating charges | 640/8 | €564 | €420 | -€145 | -25.6% |
| Gross operating margin | 9900 | €14,805 | €50,563 | +€35,759 | +242% |
| Operating profit (loss) | 9901 | -€24,210 | €12,631 | +€36,841 | |
| Financial charges | 65/66B | €3,138 | €1,487 | -€1,651 | -52.6% |
| Recurring financial charges | 65 | €3,138 | €1,487 | -€1,651 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,348 | €11,144 | +€38,492 | |
| Profit (loss) for the period | 9904 | -€27,348 | €11,144 | +€38,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,348 | €11,144 | +€38,492 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.