horsepower dmc: what changed
What changed
horsepower dmc
NACE 46.231, Wholesale of live animals
filed annual accounts (NBB)
Net result for the year
-€17,656
2024 · €1,245-€18,901
Equity
€2,341
2024 · €19,997-€17,656
Cash
€1,743
2024 · €133+€1,610
Balance sheet total
€243,536
2024 · €263,620-€20,084
Largest movements
Assets
- Stocks and contracts -€71,413
down €71,413 (-33.5%), from €212,913 to €141,500
- Tangible fixed assets +€51,327
up €51,327 (+148%), from €34,795 to €86,122
of which Furniture and vehicles: +€54,113
Equity and liabilities
- Trade debts -€23,590
down €23,590 (-99.6%), from €23,673 to €83
- Other debts +€21,208
up €21,208 (+14.2%), from €149,602 to €170,810
- Profit (loss) carried forward -€17,656
down €17,656 (-2.4%), from -€750,003 to -€767,659
Income statement
- Gross operating margin -€50,869
down €50,869, from €46,531 to -€4,339
- Other operating charges -€30,742
down €30,742 (-79.7%), from €38,582 to €7,840
- Depreciation -€2,761
down €2,761 (-34.1%), from €8,108 to €5,347
- Write-downs +€1,675
up €1,675, from -€1,675 to €0
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
€1,245
Gross operating margin
-€50,869
Depreciation
+€2,761
Write-downs
-€1,675
Other operating charges
+€30,742
Financial income
+€41
Financial charges
+€100
Result 2025
-€17,656
raises the resultlowers 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
+€58,284
Investment
-€56,674
Financing
€0
Cash 2024
€133
From operations (derived)
+€58,284
Net result for the year
-€17,656
Depreciation
+€5,347
Stocks and contracts
+€71,413
Receivables within one year
+€691
Deferred charges and accrued income
+€918
Trade debts
-€23,590
Smaller working-capital items
-€46
Other debts
+€21,208
Investment (derived)
-€56,674
Investment in fixed assets (net)
-€56,674
Cash 2025
€1,743
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,620 | €243,536 | -€20,084 | -7.6% |
| Fixed assets | 21/28 | €34,795 | €86,122 | +€51,327 | +148% |
| Tangible fixed assets | 22/27 | €34,795 | €86,122 | +€51,327 | +148% |
| Land and buildings | 22 | €1,804 | €1,804 | = | 0.0% |
| Plant, machinery and equipment | 23 | €19,550 | €16,819 | -€2,731 | -14.0% |
| Furniture and vehicles | 24 | €12,700 | €66,813 | +€54,113 | +426% |
| Other tangible fixed assets | 26 | €740 | €685 | -€56 | -7.5% |
| Current assets | 29/58 | €228,825 | €157,414 | -€71,411 | -31.2% |
| Stocks and contracts in progress | 3 | €212,913 | €141,500 | -€71,413 | -33.5% |
| Stocks | 30/36 | €212,913 | €141,500 | -€71,413 | -33.5% |
| Amounts receivable within one year | 40/41 | €12,980 | €12,289 | -€691 | -5.3% |
| Trade receivables | 40 | €7,703 | €1,576 | -€6,127 | -79.5% |
| Other amounts receivable | 41 | €5,277 | €10,713 | +€5,436 | +103% |
| Cash at bank and in hand | 54/58 | €133 | €1,743 | +€1,610 | +1,214% |
| Deferred charges and accrued income | 490/1 | €2,800 | €1,882 | -€918 | -32.8% |
| Total equity and liabilities | 10/49 | €263,620 | €243,536 | -€20,084 | -7.6% |
| Equity | 10/15 | €19,997 | €2,341 | -€17,656 | -88.3% |
| Contributions | 10/11 | €770,000 | €770,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€750,003 | -€767,659 | -€17,656 | -2.4% |
| Amounts payable | 17/49 | €243,624 | €241,195 | -€2,429 | -1.0% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Financial debts | 170/4 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €173,608 | €171,195 | -€2,413 | -1.4% |
| Trade debts | 44 | €23,673 | €83 | -€23,590 | -99.6% |
| Suppliers | 440/4 | €23,673 | €83 | -€23,590 | -99.6% |
| Taxes, remuneration and social security | 45 | €333 | €302 | -€31 | -9.2% |
| Taxes | 450/3 | €333 | €302 | -€31 | -9.2% |
| Other amounts payable | 47/48 | €149,602 | €170,810 | +€21,208 | +14.2% |
| Accrued charges and deferred income | 492/3 | €15 | €0 | -€15 | -100% |
| Non-recurring operating income | 76A | - | €25,924 | +€25,924 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,108 | €5,347 | -€2,761 | -34.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,675 | €0 | +€1,675 | |
| Other operating charges | 640/8 | €38,582 | €7,840 | -€30,742 | -79.7% |
| Gross operating margin | 9900 | €46,531 | -€4,339 | -€50,869 | |
| Operating profit (loss) | 9901 | €1,516 | -€17,525 | -€19,041 | |
| Financial income | 75/76B | €8 | €49 | +€41 | +502% |
| Recurring financial income | 75 | €8 | €49 | +€41 | +502% |
| Financial charges | 65/66B | €279 | €179 | -€100 | -35.8% |
| Recurring financial charges | 65 | €279 | €179 | -€100 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €1,245 | -€17,656 | -€18,901 | |
| Profit (loss) for the period | 9904 | €1,245 | -€17,656 | -€18,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,245 | -€17,656 | -€18,901 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.