Quality Sporthorses: 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.
Quality Sporthorses
Largest movements
- Cash +€227,551
up €227,551 (+8,957%), from €2,540 to €230,091
mainly Current investments (+€170,000) and Other debts (+€97,607)
- Current investments -€170,000
down €170,000 (-100%), from €170,000 to €0
- Stocks and contracts -€39,000
down €39,000 (-55.9%), from €69,750 to €30,750
- Receivables within one year -€11,520
down €11,520 (-100%), from €11,520 to €0
of which Other amounts receivable: -€10,920
- Other debts +€97,607
up €97,607 (+675%), from €14,451 to €112,058
- Profit (loss) carried forward -€90,450
down €90,450 (-65.4%), from €138,244 to €47,793
- Trade debts -€6,677
down €6,677 (-8.1%), from €82,861 to €76,184
- Tax, wage and social debts +€6,031
up €6,031 (+21.5%), from €28,011 to €34,042
- Gross operating margin -€110,789
down €110,789 (-85.4%), from €129,714 to €18,925
- Taxes -€23,804
down €23,804 (-89.4%), from €26,622 to €2,817
- Depreciation +€3,882
up €3,882 (+1,932%), from €201 to €4,083
- Financial income +€1,985
up €1,985 (+591%), from €336 to €2,321
- Financial charges -€1,811
down €1,811 (-32.3%), from €5,608 to €3,797
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 | €266,567 | €273,078 | +€6,511 | +2.4% |
| Fixed assets | 21/28 | €10,799 | €10,017 | -€783 | -7.2% |
| Tangible fixed assets | 22/27 | €10,799 | €10,017 | -€783 | -7.2% |
| Plant, machinery and equipment | 23 | - | €2,884 | +€2,884 | |
| Furniture and vehicles | 24 | €10,799 | €7,132 | -€3,667 | -34.0% |
| Current assets | 29/58 | €255,768 | €263,061 | +€7,294 | +2.9% |
| Stocks and contracts in progress | 3 | €69,750 | €30,750 | -€39,000 | -55.9% |
| Stocks | 30/36 | €69,750 | €30,750 | -€39,000 | -55.9% |
| Amounts receivable within one year | 40/41 | €11,520 | €0 | -€11,520 | -100% |
| Trade receivables | 40 | €600 | €0 | -€600 | -100% |
| Other amounts receivable | 41 | €10,920 | €0 | -€10,920 | -100% |
| Current investments | 50/53 | €170,000 | €0 | -€170,000 | -100% |
| Cash at bank and in hand | 54/58 | €2,540 | €230,091 | +€227,551 | +8,957% |
| Deferred charges and accrued income | 490/1 | €1,958 | €2,220 | +€262 | +13.4% |
| Total equity and liabilities | 10/49 | €266,567 | €273,078 | +€6,511 | +2.4% |
| Equity | 10/15 | €141,244 | €50,793 | -€90,450 | -64.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,244 | €47,793 | -€90,450 | -65.4% |
| Amounts payable | 17/49 | €125,323 | €222,285 | +€96,961 | +77.4% |
| Amounts payable within one year | 42/48 | €125,323 | €222,285 | +€96,961 | +77.4% |
| Trade debts | 44 | €82,861 | €76,184 | -€6,677 | -8.1% |
| Suppliers | 440/4 | €82,861 | €76,184 | -€6,677 | -8.1% |
| Taxes, remuneration and social security | 45 | €28,011 | €34,042 | +€6,031 | +21.5% |
| Taxes | 450/3 | €28,011 | €34,042 | +€6,031 | +21.5% |
| Other amounts payable | 47/48 | €14,451 | €112,058 | +€97,607 | +675% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201 | €4,083 | +€3,882 | +1,932% |
| Other operating charges | 640/8 | €978 | €999 | +€21 | +2.1% |
| Gross operating margin | 9900 | €129,714 | €18,925 | -€110,789 | -85.4% |
| Operating profit (loss) | 9901 | €128,535 | €13,843 | -€114,691 | -89.2% |
| Financial income | 75/76B | €336 | €2,321 | +€1,985 | +591% |
| Recurring financial income | 75 | €336 | €2,321 | +€1,985 | +591% |
| Financial charges | 65/66B | €5,608 | €3,797 | -€1,811 | -32.3% |
| Recurring financial charges | 65 | €5,608 | €3,797 | -€1,811 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €123,263 | €12,367 | -€110,896 | -90.0% |
| Income taxes | 67/77 | €26,622 | €2,817 | -€23,804 | -89.4% |
| Profit (loss) for the period | 9904 | €96,641 | €9,550 | -€87,091 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €96,641 | €9,550 | -€87,091 | -90.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.