Hyakinta Stables: 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.
Hyakinta Stables
Largest movements
- Tangible fixed assets +€129,594
up €129,594 (+21.7%), from €596,399 to €725,994
of which Other tangible fixed assets: +€164,323
- Cash +€128,028
up €128,028 (+957%), from €13,373 to €141,401
mainly Other debts (+€369,623) and Depreciation (+€72,856)
- Receivables within one year -€12,219
down €12,219 (-16.3%), from €75,000 to €62,780
of which Other amounts receivable: -€13,837
- Other debts +€369,623
up €369,623 (+303%), from €122,000 to €491,623
- Profit (loss) carried forward -€93,543
down €93,543 (-109%), from -€85,698 to -€179,240
- Trade debts -€30,608
down €30,608 (-64.5%), from €47,437 to €16,828
- Gross operating margin +€65,356
up €65,356, from -€36,646 to €28,710
- Staff costs +€44,029
up €44,029 (+846%), from €5,204 to €49,233
- Depreciation +€29,701
up €29,701 (+68.8%), from €43,155 to €72,856
- Other operating charges -€580
down €580 (-89.8%), from €646 to €66
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
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €685,665 | €930,561 | +€244,897 | +35.7% |
| Fixed assets | 21/28 | €596,399 | €725,994 | +€129,594 | +21.7% |
| Tangible fixed assets | 22/27 | €596,399 | €725,994 | +€129,594 | +21.7% |
| Plant, machinery and equipment | 23 | €476,926 | €423,493 | -€53,433 | -11.2% |
| Furniture and vehicles | 24 | €91,421 | €110,126 | +€18,704 | +20.5% |
| Other tangible fixed assets | 26 | €28,052 | €192,375 | +€164,323 | +586% |
| Current assets | 29/58 | €89,265 | €204,568 | +€115,302 | +129% |
| Amounts receivable within one year | 40/41 | €75,000 | €62,780 | -€12,219 | -16.3% |
| Trade receivables | 40 | €59,332 | €60,951 | +€1,618 | +2.7% |
| Other amounts receivable | 41 | €15,667 | €1,830 | -€13,837 | -88.3% |
| Cash at bank and in hand | 54/58 | €13,373 | €141,401 | +€128,028 | +957% |
| Deferred charges and accrued income | 490/1 | €893 | €387 | -€507 | -56.7% |
| Total equity and liabilities | 10/49 | €685,665 | €930,561 | +€244,897 | +35.7% |
| Equity | 10/15 | €514,303 | €420,760 | -€93,543 | -18.2% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,698 | -€179,240 | -€93,543 | -109% |
| Amounts payable | 17/49 | €171,362 | €509,802 | +€338,439 | +197% |
| Amounts payable within one year | 42/48 | €170,112 | €508,452 | +€338,339 | +199% |
| Trade debts | 44 | €47,437 | €16,828 | -€30,608 | -64.5% |
| Suppliers | 440/4 | €47,437 | €16,828 | -€30,608 | -64.5% |
| Taxes, remuneration and social security | 45 | €676 | - | -€676 | |
| Remuneration and social security | 454/9 | €676 | - | -€676 | |
| Other amounts payable | 47/48 | €122,000 | €491,623 | +€369,623 | +303% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,350 | +€100 | +8.0% |
| Remuneration, social security and pensions | 62 | €5,204 | €49,233 | +€44,029 | +846% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,155 | €72,856 | +€29,701 | +68.8% |
| Other operating charges | 640/8 | €646 | €66 | -€580 | -89.8% |
| Gross operating margin | 9900 | -€36,646 | €28,710 | +€65,356 | |
| Operating profit (loss) | 9901 | -€85,651 | -€93,445 | -€7,794 | -9.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.8% |
| Financial charges | 65/66B | €47 | €98 | +€51 | +107% |
| Recurring financial charges | 65 | €47 | €98 | +€51 | +107% |
| Profit (loss) for the period before taxes | 9903 | -€85,698 | -€93,543 | -€7,845 | -9.2% |
| Profit (loss) for the period | 9904 | -€85,698 | -€93,543 | -€7,845 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,698 | -€93,543 | -€7,845 | -9.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.