KOHLER HORSETRADING: 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.
KOHLER HORSETRADING
Largest movements
- Stocks and contracts -€64,250
down €64,250 (-14.4%), from €446,750 to €382,500
- Cash +€61,336
up €61,336 (+217%), from €28,313 to €89,649
mainly Stocks and contracts (+€64,250) and Receivables within one year (+€12,179)
- Receivables within one year -€12,179
down €12,179 (-82.7%), from €14,721 to €2,542
of which Trade receivables: -€12,900
- Trade debts -€14,147
down €14,147 (-92.6%), from €15,270 to €1,124
- Other debts -€8,642
down €8,642 (-2.7%), from €324,252 to €315,610
- Profit (loss) carried forward +€7,695
up €7,695 (+3.5%), from -€216,773 to -€209,078
- Gross operating margin +€27,641
up €27,641, from -€18,113 to €9,527
- Financial charges +€1,417
up €1,417 (+9,449%), from €15 to €1,432
- Financial income -€819
no longer reported in 2025 (was €819)
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 | €489,784 | €474,691 | -€15,094 | -3.1% |
| Current assets | 29/58 | €489,784 | €474,691 | -€15,094 | -3.1% |
| Stocks and contracts in progress | 3 | €446,750 | €382,500 | -€64,250 | -14.4% |
| Stocks | 30/36 | €446,750 | €382,500 | -€64,250 | -14.4% |
| Amounts receivable within one year | 40/41 | €14,721 | €2,542 | -€12,179 | -82.7% |
| Trade receivables | 40 | €12,900 | - | -€12,900 | |
| Other amounts receivable | 41 | €1,821 | €2,542 | +€721 | +39.6% |
| Cash at bank and in hand | 54/58 | €28,313 | €89,649 | +€61,336 | +217% |
| Total equity and liabilities | 10/49 | €489,784 | €474,691 | -€15,094 | -3.1% |
| Equity | 10/15 | €150,262 | €157,957 | +€7,695 | +5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €354,635 | €354,635 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €352,775 | €352,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,773 | -€209,078 | +€7,695 | +3.5% |
| Amounts payable | 17/49 | €339,523 | €316,734 | -€22,789 | -6.7% |
| Amounts payable within one year | 42/48 | €339,523 | €316,734 | -€22,789 | -6.7% |
| Trade debts | 44 | €15,270 | €1,124 | -€14,147 | -92.6% |
| Suppliers | 440/4 | €15,270 | €1,124 | -€14,147 | -92.6% |
| Other amounts payable | 47/48 | €324,252 | €315,610 | -€8,642 | -2.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€18,113 | €9,527 | +€27,641 | |
| Operating profit (loss) | 9901 | -€18,501 | €9,128 | +€27,628 | |
| Financial income | 75/76B | €819 | - | -€819 | |
| Recurring financial income | 75 | €819 | - | -€819 | |
| Financial charges | 65/66B | €15 | €1,432 | +€1,417 | +9,449% |
| Recurring financial charges | 65 | €15 | €1,432 | +€1,417 | +9,449% |
| Profit (loss) for the period before taxes | 9903 | -€17,697 | €7,695 | +€25,392 | |
| Profit (loss) for the period | 9904 | -€17,697 | €7,695 | +€25,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,697 | €7,695 | +€25,392 |
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 28 October 2026 via checked.be.