L.T. 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.
L.T. EQUESTRIAN
Largest movements
- Receivables within one year -€10,965
down €10,965 (-71.7%), from €15,283 to €4,318
of which Trade receivables: -€9,789
- Stocks and contracts +€8,075
up €8,075 (+19.0%), from €42,425 to €50,500
- Debts after one year -€21,897
down €21,897 (-9.9%), from €221,692 to €199,795
- Profit (loss) carried forward +€16,969
up €16,969 (+71.8%), from -€23,640 to -€6,671
- Gross operating margin +€5,719
up €5,719 (+13.7%), from €41,650 to €47,369
- Financial income +€2,366
up €2,366 (+2,528%), from €94 to €2,460
- Depreciation +€1,707
up €1,707 (+7.3%), from €23,261 to €24,969
- Financial charges -€1,513
down €1,513 (-19.3%), from €7,835 to €6,322
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 | €681,653 | €673,717 | -€7,936 | -1.2% |
| Fixed assets | 21/28 | €619,820 | €614,706 | -€5,114 | -0.8% |
| Tangible fixed assets | 22/27 | €619,820 | €614,706 | -€5,114 | -0.8% |
| Land and buildings | 22 | €431,057 | €431,057 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €4,388 | +€4,388 | |
| Furniture and vehicles | 24 | - | €13,759 | +€13,759 | |
| Leasing and similar rights | 25 | €8,770 | €3,830 | -€4,940 | -56.3% |
| Other tangible fixed assets | 26 | €179,993 | €161,672 | -€18,321 | -10.2% |
| Current assets | 29/58 | €61,833 | €59,011 | -€2,823 | -4.6% |
| Stocks and contracts in progress | 3 | €42,425 | €50,500 | +€8,075 | +19.0% |
| Stocks | 30/36 | €42,425 | €50,500 | +€8,075 | +19.0% |
| Amounts receivable within one year | 40/41 | €15,283 | €4,318 | -€10,965 | -71.7% |
| Trade receivables | 40 | €13,750 | €3,961 | -€9,789 | -71.2% |
| Other amounts receivable | 41 | €1,533 | €356 | -€1,176 | -76.8% |
| Cash at bank and in hand | 54/58 | €4,125 | €4,193 | +€68 | +1.6% |
| Total equity and liabilities | 10/49 | €681,653 | €673,717 | -€7,936 | -1.2% |
| Equity | 10/15 | €407,560 | €424,529 | +€16,969 | +4.2% |
| Contributions | 10/11 | €431,200 | €431,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,640 | -€6,671 | +€16,969 | +71.8% |
| Amounts payable | 17/49 | €274,093 | €249,188 | -€24,906 | -9.1% |
| Amounts payable after more than one year | 17 | €221,692 | €199,795 | -€21,897 | -9.9% |
| Financial debts | 170/4 | €221,692 | €199,795 | -€21,897 | -9.9% |
| Amounts payable within one year | 42/48 | €52,402 | €49,393 | -€3,009 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €21,719 | €21,427 | -€292 | -1.3% |
| Trade debts | 44 | €19,267 | €20,591 | +€1,323 | +6.9% |
| Suppliers | 440/4 | €19,267 | €20,591 | +€1,323 | +6.9% |
| Taxes, remuneration and social security | 45 | €8,214 | €4,707 | -€3,507 | -42.7% |
| Taxes | 450/3 | €6,014 | €4,707 | -€1,307 | -21.7% |
| Remuneration and social security | 454/9 | €2,200 | €0 | -€2,200 | -100% |
| Other amounts payable | 47/48 | €3,201 | €2,668 | -€533 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,261 | €24,969 | +€1,707 | +7.3% |
| Other operating charges | 640/8 | €1,866 | €1,569 | -€297 | -15.9% |
| Gross operating margin | 9900 | €41,650 | €47,369 | +€5,719 | +13.7% |
| Operating profit (loss) | 9901 | €16,524 | €20,832 | +€4,308 | +26.1% |
| Financial income | 75/76B | €94 | €2,460 | +€2,366 | +2,528% |
| Recurring financial income | 75 | €94 | €2,460 | +€2,366 | +2,528% |
| Financial charges | 65/66B | €7,835 | €6,322 | -€1,513 | -19.3% |
| Recurring financial charges | 65 | €7,835 | €6,322 | -€1,513 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €8,783 | €16,969 | +€8,187 | +93.2% |
| Profit (loss) for the period | 9904 | €8,783 | €16,969 | +€8,187 | +93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,783 | €16,969 | +€8,187 | +93.2% |
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 29 October 2026 via checked.be.