I-Equestrian: 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.
I-Equestrian
Largest movements
- Receivables within one year +€11,374
up €11,374 (+283%), from €4,023 to €15,397
of which Trade receivables: +€15,000
- Tangible fixed assets -€1,318
down €1,318 (-24.0%), from €5,484 to €4,166
- Other debts +€5,539
up €5,539 (+29.5%), from €18,790 to €24,328
- Profit (loss) carried forward +€5,425
up €5,425 (+26.8%), from -€20,255 to -€14,830
- Tax, wage and social debts -€625
down €625 (-100%), from €625 to €0
- Trade debts -€251
down €251 (-68.8%), from €365 to €114
- Gross operating margin +€681
up €681 (+10.3%), from €6,627 to €7,309
- Other operating charges +€280
up €280 (+154%), from €182 to €462
- Financial income -€161
down €161 (-100%), from €161 to €0
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 | €9,524 | €19,612 | +€10,088 | +106% |
| Fixed assets | 21/28 | €5,484 | €4,166 | -€1,318 | -24.0% |
| Tangible fixed assets | 22/27 | €5,484 | €4,166 | -€1,318 | -24.0% |
| Plant, machinery and equipment | 23 | €5,484 | €4,166 | -€1,318 | -24.0% |
| Current assets | 29/58 | €4,040 | €15,446 | +€11,405 | +282% |
| Amounts receivable within one year | 40/41 | €4,023 | €15,397 | +€11,374 | +283% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €4,023 | €397 | -€3,626 | -90.1% |
| Cash at bank and in hand | 54/58 | €18 | €49 | +€31 | +177% |
| Total equity and liabilities | 10/49 | €9,524 | €19,612 | +€10,088 | +106% |
| Equity | 10/15 | -€10,255 | -€4,830 | +€5,425 | +52.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,255 | -€14,830 | +€5,425 | +26.8% |
| Amounts payable | 17/49 | €19,779 | €24,442 | +€4,663 | +23.6% |
| Amounts payable within one year | 42/48 | €19,779 | €24,442 | +€4,663 | +23.6% |
| Trade debts | 44 | €365 | €114 | -€251 | -68.8% |
| Suppliers | 440/4 | €365 | €114 | -€251 | -68.8% |
| Taxes, remuneration and social security | 45 | €625 | €0 | -€625 | -100% |
| Taxes | 450/3 | €625 | €0 | -€625 | -100% |
| Other amounts payable | 47/48 | €18,790 | €24,328 | +€5,539 | +29.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,318 | €1,318 | = | 0.0% |
| Other operating charges | 640/8 | €182 | €462 | +€280 | +154% |
| Gross operating margin | 9900 | €6,627 | €7,309 | +€681 | +10.3% |
| Operating profit (loss) | 9901 | €5,128 | €5,529 | +€401 | +7.8% |
| Financial income | 75/76B | €161 | €0 | -€161 | -100% |
| Recurring financial income | 75 | €161 | €0 | -€161 | -100% |
| Financial charges | 65/66B | €116 | €104 | -€12 | -10.3% |
| Recurring financial charges | 65 | €116 | €104 | -€12 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €5,172 | €5,425 | +€253 | +4.9% |
| Profit (loss) for the period | 9904 | €5,172 | €5,425 | +€253 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,172 | €5,425 | +€253 | +4.9% |
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 15 October 2026 via checked.be.