JP EQUESTRIAN: what changed
Two fiscal 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.
JP EQUESTRIAN
Largest movements
- Tangible fixed assets +€86,592
new in 2025: €86,592
- Receivables within one year +€7,875
up €7,875 (+94.4%), from €8,341 to €16,216
of which Other amounts receivable: +€5,305
- Trade debts +€110,918
up €110,918 (+124627.0%), from €89 to €111,007
- Profit (loss) carried forward -€16,032
down €16,032 (-53.4%), from -€30,044 to -€46,076
- Tax, wage and social debts -€3,419
down €3,419 (-59.3%), from €5,767 to €2,348
of which Taxes: -€4,840
- Other debts +€3,169
up €3,169 (+9.4%), from €33,760 to €36,929
- Gross operating margin -€8,175
down €8,175 (-29.6%), from €27,619 to €19,444
- Staff costs -€4,427
down €4,427 (-11.5%), from €38,474 to €34,047
- Other operating charges +€546
up €546 (+95.0%), from €575 to €1,121
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.
Cash bridge derived
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 | €14,572 | €109,208 | +€94,636 | +649.4% |
| Fixed assets | 21/28 | - | €86,592 | +€86,592 | |
| Tangible fixed assets | 22/27 | - | €86,592 | +€86,592 | |
| Assets under construction and advance payments | 27 | - | €86,592 | +€86,592 | |
| Current assets | 29/58 | €14,572 | €22,616 | +€8,044 | +55.2% |
| Amounts receivable within one year | 40/41 | €8,341 | €16,216 | +€7,875 | +94.4% |
| Trade receivables | 40 | €8,341 | €10,911 | +€2,570 | +30.8% |
| Other amounts receivable | 41 | - | €5,305 | +€5,305 | |
| Cash at bank and in hand | 54/58 | €6,231 | €6,400 | +€169 | +2.7% |
| Total equity and liabilities | 10/49 | €14,572 | €109,208 | +€94,636 | +649.4% |
| Equity | 10/15 | -€25,044 | -€41,076 | -€16,032 | -64.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,044 | -€46,076 | -€16,032 | -53.4% |
| Amounts payable | 17/49 | €39,616 | €150,284 | +€110,668 | +279.4% |
| Amounts payable within one year | 42/48 | €39,616 | €150,284 | +€110,668 | +279.4% |
| Trade debts | 44 | €89 | €111,007 | +€110,918 | +124627.0% |
| Suppliers | 440/4 | €89 | €111,007 | +€110,918 | +124627.0% |
| Taxes, remuneration and social security | 45 | €5,767 | €2,348 | -€3,419 | -59.3% |
| Taxes | 450/3 | €5,044 | €204 | -€4,840 | -96.0% |
| Remuneration and social security | 454/9 | €723 | €2,144 | +€1,421 | +196.5% |
| Other amounts payable | 47/48 | €33,760 | €36,929 | +€3,169 | +9.4% |
| Remuneration, social security and pensions | 62 | €38,474 | €34,047 | -€4,427 | -11.5% |
| Other operating charges | 640/8 | €575 | €1,121 | +€546 | +95.0% |
| Gross operating margin | 9900 | €27,619 | €19,444 | -€8,175 | -29.6% |
| Operating profit (loss) | 9901 | -€11,430 | -€15,724 | -€4,294 | -37.6% |
| Financial charges | 65/66B | €95 | €308 | +€213 | +224.2% |
| Recurring financial charges | 65 | €95 | €308 | +€213 | +224.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,525 | -€16,032 | -€4,507 | -39.1% |
| Profit (loss) for the period | 9904 | -€11,525 | -€16,032 | -€4,507 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,525 | -€16,032 | -€4,507 | -39.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.