NUTRIX HORSES: 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.
NUTRIX HORSES
Largest movements
- Receivables within one year -€12,252
down €12,252 (-35.9%), from €34,090 to €21,838
of which Trade receivables: -€12,007
- Stocks and contracts -€8,270
down €8,270 (-21.1%), from €39,120 to €30,850
- Tangible fixed assets -€6,107
down €6,107 (-10.9%), from €56,088 to €49,981
of which Furniture and vehicles: -€3,790
- Reserves -€18,027
down €18,027 (-38.8%), from €46,500 to €28,473
- Other debts -€7,166
down €7,166 (-11.0%), from €64,883 to €57,716
- Tax, wage and social debts -€2,073
down €2,073 (-19.6%), from €10,584 to €8,511
- Gross operating margin -€55,938
down €55,938 (-98.6%), from €56,731 to €793
- Taxes -€8,026
down €8,026 (-100.0%), from €8,026 to €0
- Depreciation +€3,402
up €3,402 (+31.3%), from €10,865 to €14,267
- Financial charges +€1,677
up €1,677 (+189.8%), from €884 to €2,561
- Other operating charges +€1,161
up €1,161 (+139.8%), from €831 to €1,992
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 | €135,320 | €107,144 | -€28,176 | -20.8% |
| Fixed assets | 21/28 | €56,088 | €49,981 | -€6,107 | -10.9% |
| Tangible fixed assets | 22/27 | €56,088 | €49,981 | -€6,107 | -10.9% |
| Land and buildings | 22 | €3,756 | €3,177 | -€579 | -15.4% |
| Plant, machinery and equipment | 23 | €32,694 | €30,955 | -€1,738 | -5.3% |
| Furniture and vehicles | 24 | €9,013 | €5,223 | -€3,790 | -42.1% |
| Other tangible fixed assets | 26 | €10,625 | €10,625 | = | 0.0% |
| Current assets | 29/58 | €79,232 | €57,164 | -€22,069 | -27.9% |
| Stocks and contracts in progress | 3 | €39,120 | €30,850 | -€8,270 | -21.1% |
| Stocks | 30/36 | €39,120 | €30,850 | -€8,270 | -21.1% |
| Amounts receivable within one year | 40/41 | €34,090 | €21,838 | -€12,252 | -35.9% |
| Trade receivables | 40 | €19,494 | €7,487 | -€12,007 | -61.6% |
| Other amounts receivable | 41 | €14,596 | €14,351 | -€245 | -1.7% |
| Cash at bank and in hand | 54/58 | €5,226 | €4,260 | -€967 | -18.5% |
| Deferred charges and accrued income | 490/1 | €796 | €216 | -€580 | -72.8% |
| Total equity and liabilities | 10/49 | €135,320 | €107,144 | -€28,176 | -20.8% |
| Equity | 10/15 | €48,500 | €30,473 | -€18,027 | -37.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,500 | €28,473 | -€18,027 | -38.8% |
| Distributable reserves | 133 | €46,500 | €28,473 | -€18,027 | -38.8% |
| Amounts payable | 17/49 | €86,820 | €76,672 | -€10,148 | -11.7% |
| Amounts payable within one year | 42/48 | €86,820 | €76,672 | -€10,148 | -11.7% |
| Trade debts | 44 | €11,353 | €10,444 | -€909 | -8.0% |
| Suppliers | 440/4 | €11,353 | €10,444 | -€909 | -8.0% |
| Taxes, remuneration and social security | 45 | €10,584 | €8,511 | -€2,073 | -19.6% |
| Taxes | 450/3 | €10,584 | €8,511 | -€2,073 | -19.6% |
| Other amounts payable | 47/48 | €64,883 | €57,716 | -€7,166 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,865 | €14,267 | +€3,402 | +31.3% |
| Other operating charges | 640/8 | €831 | €1,992 | +€1,161 | +139.8% |
| Gross operating margin | 9900 | €56,731 | €793 | -€55,938 | -98.6% |
| Operating profit (loss) | 9901 | €45,035 | -€15,467 | -€60,501 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €884 | €2,561 | +€1,677 | +189.8% |
| Recurring financial charges | 65 | €884 | €2,561 | +€1,677 | +189.8% |
| Profit (loss) for the period before taxes | 9903 | €44,151 | -€18,027 | -€62,178 | |
| Income taxes | 67/77 | €8,026 | €0 | -€8,026 | -100.0% |
| Profit (loss) for the period | 9904 | €36,125 | -€18,027 | -€54,152 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,125 | -€18,027 | -€54,152 |
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 6 October 2026 via checked.be.