Lefevre Sporthorses: what changed
What changed
Lefevre Sporthorses
NACE 01.430, Raising of horses and other equines
filed annual accounts (NBB)
Net result for the year
-€23,454
2024 · €110,148-€133,602
Equity
€91,694
2024 · €115,148-€23,454
Cash
€3
2024 · €1,929-€1,926
Balance sheet total
€186,938
2024 · €209,810-€22,872
Largest movements
Assets
- Stocks and contracts -€55,775
down €55,775 (-40.4%), from €138,178 to €82,403
- Tangible fixed assets +€18,696
up €18,696 (+39.9%), from €46,913 to €65,609
of which Furniture and vehicles: +€11,040
- Receivables within one year +€15,934
up €15,934 (+76.4%), from €20,865 to €36,799
of which Trade receivables: +€13,575
Equity and liabilities
- Short-term financial debts +€48,969
new in 2025: €48,969
- Trade debts -€26,449
down €26,449 (-64.3%), from €41,163 to €14,714
- Reserves -€23,454
down €23,454 (-21.3%), from €110,148 to €86,694
- Other debts -€20,393
down €20,393 (-100%), from €20,393 to €0
Income statement
- Gross operating margin -€163,325
down €163,325, from €162,875 to -€450
- Taxes -€30,992
down €30,992 (-99.4%), from €31,187 to €195
- Depreciation +€1,924
up €1,924 (+10.8%), from €17,845 to €19,769
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€110,148
Gross operating margin
-€163,325
Depreciation
-€1,924
Other operating charges
+€851
Financial income
+€820
Financial charges
-€1,016
Taxes
+€30,992
Result 2025
-€23,454
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€12,990
Investment
-€37,905
Financing
+€48,969
Cash 2024
€1,929
From operations (derived)
-€12,990
Net result for the year
-€23,454
Depreciation
+€19,769
Stocks and contracts
+€55,775
Receivables within one year
-€15,934
Deferred charges and accrued income
-€759
Trade debts
-€26,449
Tax, wage and social debts
-€1,545
Other debts
-€20,393
Investment (derived)
-€37,905
Investment in fixed assets (net)
-€37,905
Financing
+€48,969
Short-term financial debts
+€48,969
Cash 2025
€3
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,810 | €186,938 | -€22,872 | -10.9% |
| Fixed assets | 21/28 | €48,338 | €66,475 | +€18,137 | +37.5% |
| Intangible fixed assets | 21 | €1,425 | €866 | -€559 | -39.2% |
| Tangible fixed assets | 22/27 | €46,913 | €65,609 | +€18,696 | +39.9% |
| Land and buildings | 22 | €4,216 | €14,137 | +€9,921 | +235% |
| Plant, machinery and equipment | 23 | €6,263 | €3,997 | -€2,266 | -36.2% |
| Furniture and vehicles | 24 | €36,435 | €47,475 | +€11,040 | +30.3% |
| Current assets | 29/58 | €161,472 | €120,463 | -€41,009 | -25.4% |
| Stocks and contracts in progress | 3 | €138,178 | €82,403 | -€55,775 | -40.4% |
| Stocks | 30/36 | €138,178 | €82,403 | -€55,775 | -40.4% |
| Amounts receivable within one year | 40/41 | €20,865 | €36,799 | +€15,934 | +76.4% |
| Trade receivables | 40 | - | €13,575 | +€13,575 | |
| Other amounts receivable | 41 | €20,865 | €23,224 | +€2,359 | +11.3% |
| Cash at bank and in hand | 54/58 | €1,929 | €3 | -€1,926 | -99.8% |
| Deferred charges and accrued income | 490/1 | €500 | €1,258 | +€759 | +152% |
| Total equity and liabilities | 10/49 | €209,810 | €186,938 | -€22,872 | -10.9% |
| Equity | 10/15 | €115,148 | €91,694 | -€23,454 | -20.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €110,148 | €86,694 | -€23,454 | -21.3% |
| Distributable reserves | 133 | €110,148 | €86,694 | -€23,454 | -21.3% |
| Amounts payable | 17/49 | €94,663 | €95,244 | +€582 | +0.6% |
| Amounts payable within one year | 42/48 | €94,663 | €95,244 | +€582 | +0.6% |
| Financial debts | 43 | - | €48,969 | +€48,969 | |
| Credit institutions | 430/8 | - | €48,969 | +€48,969 | |
| Trade debts | 44 | €41,163 | €14,714 | -€26,449 | -64.3% |
| Suppliers | 440/4 | €41,163 | €14,714 | -€26,449 | -64.3% |
| Taxes, remuneration and social security | 45 | €33,107 | €31,561 | -€1,545 | -4.7% |
| Taxes | 450/3 | €31,307 | €31,561 | +€255 | +0.8% |
| Remuneration and social security | 454/9 | €1,800 | €0 | -€1,800 | -100% |
| Other amounts payable | 47/48 | €20,393 | €0 | -€20,393 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,845 | €19,769 | +€1,924 | +10.8% |
| Other operating charges | 640/8 | €2,317 | €1,467 | -€851 | -36.7% |
| Gross operating margin | 9900 | €162,875 | -€450 | -€163,325 | |
| Operating profit (loss) | 9901 | €142,712 | -€21,685 | -€164,398 | |
| Financial income | 75/76B | - | €820 | +€820 | |
| Recurring financial income | 75 | - | €820 | +€820 | |
| Financial charges | 65/66B | €1,378 | €2,393 | +€1,016 | +73.7% |
| Recurring financial charges | 65 | €1,378 | €2,393 | +€1,016 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €141,335 | -€23,259 | -€164,594 | |
| Income taxes | 67/77 | €31,187 | €195 | -€30,992 | -99.4% |
| Profit (loss) for the period | 9904 | €110,148 | -€23,454 | -€133,602 | |
| Profit (loss) for the period to be appropriated | 9905 | €110,148 | -€23,454 | -€133,602 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.