MANEGE HEIDEBOS: what changed
What changed
MANEGE HEIDEBOS
NACE 93.127, Equestrian clubs
filed annual accounts (NBB)
Net result for the year
-€26,025
2024 · -€36,017+€9,992
Equity
€3,376
2024 · €29,402-€26,025
Cash
€16,676
2024 · €6,922+€9,754
Balance sheet total
€641,689
2024 · €678,106-€36,417
Largest movements
Assets
- Tangible fixed assets -€50,122
down €50,122 (-7.6%), from €658,385 to €608,263
of which Land and buildings: -€50,768
- Cash +€9,754
up €9,754 (+141%), from €6,922 to €16,676
mainly Depreciation (+€56,159) and Other debts (+€10,308)
Equity and liabilities
- Debts after one year -€30,288
down €30,288 (-6.7%), from €454,962 to €424,674
- Reserves -€23,002
down €23,002 (-99.1%), from €23,202 to €200
of which Distributable reserves: -€23,002
- Other debts +€10,308
up €10,308 (+7.0%), from €146,851 to €157,160
- Trade debts +€7,258
up €7,258 (+107%), from €6,768 to €14,026
Income statement
- Gross operating margin +€7,339
up €7,339 (+15.5%), from €47,447 to €54,786
- Other operating charges -€1,490
down €1,490 (-11.6%), from €12,844 to €11,354
- Staff costs -€1,449
down €1,449 (-29.5%), from €4,907 to €3,458
- Depreciation +€1,053
up €1,053 (+1.9%), from €55,106 to €56,159
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
-€36,017
Gross operating margin
+€7,339
Staff costs
+€1,449
Depreciation
-€1,053
Other operating charges
+€1,490
Financial income
+€420
Financial charges
+€349
Taxes
-€1
Result 2025
-€26,025
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
+€49,804
Investment
-€9,407
Financing
-€30,644
Cash 2024
€6,922
From operations (derived)
+€49,804
Net result for the year
-€26,025
Depreciation
+€56,159
Stocks and contracts
+€209
Receivables within one year
-€792
Trade debts
+€7,258
Tax, wage and social debts
+€2,686
Other debts
+€10,308
Investment (derived)
-€9,407
Investment in fixed assets (net)
-€9,407
Financing
-€30,644
Debts after one year
-€30,288
Current portion of long-term debt
-€356
Cash 2025
€16,676
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €678,106 | €641,689 | -€36,417 | -5.4% |
| Fixed assets | 21/28 | €661,474 | €614,722 | -€46,753 | -7.1% |
| Intangible fixed assets | 21 | €2,541 | €5,910 | +€3,370 | +133% |
| Tangible fixed assets | 22/27 | €658,385 | €608,263 | -€50,122 | -7.6% |
| Land and buildings | 22 | €644,358 | €593,590 | -€50,768 | -7.9% |
| Plant, machinery and equipment | 23 | €14,027 | €14,673 | +€646 | +4.6% |
| Financial fixed assets | 28 | €548 | €548 | = | 0.0% |
| Current assets | 29/58 | €16,631 | €26,967 | +€10,336 | +62.1% |
| Stocks and contracts in progress | 3 | €4,600 | €4,390 | -€209 | -4.6% |
| Stocks | 30/36 | €4,600 | €4,390 | -€209 | -4.6% |
| Amounts receivable within one year | 40/41 | €5,109 | €5,901 | +€792 | +15.5% |
| Trade receivables | 40 | €5,100 | €5,772 | +€672 | +13.2% |
| Other amounts receivable | 41 | €9 | €129 | +€120 | +1,324% |
| Cash at bank and in hand | 54/58 | €6,922 | €16,676 | +€9,754 | +141% |
| Total equity and liabilities | 10/49 | €678,106 | €641,689 | -€36,417 | -5.4% |
| Equity | 10/15 | €29,402 | €3,376 | -€26,025 | -88.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,202 | €200 | -€23,002 | -99.1% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €23,002 | - | -€23,002 | |
| Profit (loss) carried forward | 14 | - | -€3,023 | -€3,023 | |
| Amounts payable | 17/49 | €648,704 | €638,313 | -€10,391 | -1.6% |
| Amounts payable after more than one year | 17 | €454,962 | €424,674 | -€30,288 | -6.7% |
| Financial debts | 170/4 | €454,962 | €424,674 | -€30,288 | -6.7% |
| Amounts payable within one year | 42/48 | €193,743 | €213,639 | +€19,896 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €30,644 | €30,288 | -€356 | -1.2% |
| Trade debts | 44 | €6,768 | €14,026 | +€7,258 | +107% |
| Suppliers | 440/4 | €6,768 | €14,026 | +€7,258 | +107% |
| Taxes, remuneration and social security | 45 | €9,480 | €12,166 | +€2,686 | +28.3% |
| Taxes | 450/3 | €5,974 | €8,827 | +€2,853 | +47.8% |
| Remuneration and social security | 454/9 | €3,506 | €3,339 | -€167 | -4.8% |
| Other amounts payable | 47/48 | €146,851 | €157,160 | +€10,308 | +7.0% |
| Remuneration, social security and pensions | 62 | €4,907 | €3,458 | -€1,449 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,106 | €56,159 | +€1,053 | +1.9% |
| Other operating charges | 640/8 | €12,844 | €11,354 | -€1,490 | -11.6% |
| Gross operating margin | 9900 | €47,447 | €54,786 | +€7,339 | +15.5% |
| Operating profit (loss) | 9901 | -€25,409 | -€16,185 | +€9,224 | +36.3% |
| Financial income | 75/76B | €78 | €498 | +€420 | +536% |
| Recurring financial income | 75 | €78 | €498 | +€420 | +536% |
| Financial charges | 65/66B | €10,627 | €10,278 | -€349 | -3.3% |
| Recurring financial charges | 65 | €10,627 | €10,278 | -€349 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€35,958 | -€25,965 | +€9,993 | +27.8% |
| Income taxes | 67/77 | €59 | €60 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€36,017 | -€26,025 | +€9,992 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,017 | -€26,025 | +€9,992 | +27.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.