JGK HORSES: 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.
JGK HORSES
Largest movements
- Receivables within one year +€124,124
up €124,124 (+55,027%), from €226 to €124,350
of which Other amounts receivable: +€94,061
- Tangible fixed assets -€27,530
down €27,530 (-9.7%), from €284,822 to €257,293
of which Land and buildings: -€14,030
- Cash +€5,697
up €5,697 (+53.6%), from €10,637 to €16,334
mainly Other debts (+€106,744) and Depreciation (+€28,987)
- Other debts +€106,744
up €106,744 (+35.2%), from €303,419 to €410,164
- Profit (loss) carried forward -€5,834
down €5,834 (-49.5%), from -€11,775 to -€17,609
- Gross operating margin +€13,394
up €13,394 (+287%), from €4,670 to €18,064
- Depreciation +€11,762
up €11,762 (+68.3%), from €17,225 to €28,987
- Financial income +€3,977
up €3,977 (+248%), from €1,602 to €5,580
- Financial charges -€458
down €458 (-64.8%), from €707 to €249
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 | €296,988 | €399,173 | +€102,185 | +34.4% |
| Fixed assets | 21/28 | €284,822 | €257,293 | -€27,530 | -9.7% |
| Tangible fixed assets | 22/27 | €284,822 | €257,293 | -€27,530 | -9.7% |
| Land and buildings | 22 | €234,547 | €220,518 | -€14,030 | -6.0% |
| Furniture and vehicles | 24 | €50,275 | €36,775 | -€13,500 | -26.9% |
| Current assets | 29/58 | €12,166 | €141,880 | +€129,714 | +1,066% |
| Amounts receivable within one year | 40/41 | €226 | €124,350 | +€124,124 | +55,027% |
| Trade receivables | 40 | - | €30,063 | +€30,063 | |
| Other amounts receivable | 41 | €226 | €94,287 | +€94,061 | +41,699% |
| Cash at bank and in hand | 54/58 | €10,637 | €16,334 | +€5,697 | +53.6% |
| Deferred charges and accrued income | 490/1 | €1,303 | €1,196 | -€107 | -8.2% |
| Total equity and liabilities | 10/49 | €296,988 | €399,173 | +€102,185 | +34.4% |
| Equity | 10/15 | -€6,775 | -€12,609 | -€5,834 | -86.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,775 | -€17,609 | -€5,834 | -49.5% |
| Amounts payable | 17/49 | €303,763 | €411,782 | +€108,019 | +35.6% |
| Amounts payable within one year | 42/48 | €303,763 | €411,717 | +€107,954 | +35.5% |
| Trade debts | 44 | €344 | €1,553 | +€1,209 | +352% |
| Suppliers | 440/4 | €344 | €1,553 | +€1,209 | +352% |
| Other amounts payable | 47/48 | €303,419 | €410,164 | +€106,744 | +35.2% |
| Accrued charges and deferred income | 492/3 | - | €65 | +€65 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,225 | €28,987 | +€11,762 | +68.3% |
| Other operating charges | 640/8 | €115 | €242 | +€127 | +110% |
| Gross operating margin | 9900 | €4,670 | €18,064 | +€13,394 | +287% |
| Operating profit (loss) | 9901 | -€12,671 | -€11,165 | +€1,505 | +11.9% |
| Financial income | 75/76B | €1,602 | €5,580 | +€3,977 | +248% |
| Recurring financial income | 75 | €1,602 | €5,580 | +€3,977 | +248% |
| Financial charges | 65/66B | €707 | €249 | -€458 | -64.8% |
| Recurring financial charges | 65 | €707 | €249 | -€458 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,775 | -€5,834 | +€5,941 | +50.5% |
| Profit (loss) for the period | 9904 | -€11,775 | -€5,834 | +€5,941 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,775 | -€5,834 | +€5,941 | +50.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.