R&R STABLES: 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.
What changed
R&R STABLES
NACE 01.430, Raising of horses and other equines
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€155
2023 · €81,706-€81,552
Equity
€283,368
2023 · €283,213+€155
Cash
€10,379
2023 · €20,302-€9,923
Balance sheet total
€1.9m
2023 · €2.0m-€79,172
Largest movements
Assets
- Tangible fixed assets -€78,134
down €78,134 (-4.2%), from €1.9m to €1.8m
of which Land and buildings: -€55,089
- Stocks and contracts +€25,150
up €25,150 (+28.0%), from €89,706 to €114,856
Equity and liabilities
- Debts after one year -€108,860
down €108,860 (-7.9%), from €1.4m to €1.3m
- Trade debts +€28,973
up €28,973 (+29.6%), from €97,771 to €126,745
- Short-term financial debts +€25,000
new in 2024: €25,000
- Current portion of long-term debt -€21,446
down €21,446 (-15.9%), from €135,306 to €113,860
Income statement
- Gross operating margin -€89,428
down €89,428 (-37.2%), from €240,631 to €151,203
- Staff costs -€4,881
down €4,881 (-9.4%), from €51,938 to €47,057
- Depreciation -€3,118
down €3,118 (-3.8%), from €81,252 to €78,134
From the 2023 result to the 2024 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.
Result 2023
€81,706
Gross operating margin
-€89,428
Staff costs
+€4,881
Depreciation
+€3,118
Other operating charges
-€1,352
Financial income
-€6
Financial charges
+€1,461
Taxes
-€225
Result 2024
€155
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€95,384
Investment
€0
Financing
-€105,306
Cash 2023
€20,302
From operations (derived)
+€95,384
Net result for the year
+€155
Depreciation
+€78,134
Stocks and contracts
-€25,150
Receivables within one year
+€16,266
Provisions
-€1,807
Trade debts
+€28,973
Tax, wage and social debts
+€1,787
Other debts
-€2,974
Financing
-€105,306
Debts after one year
-€108,860
Current portion of long-term debt
-€21,446
Short-term financial debts
+€25,000
Cash 2024
€10,379
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,028,461 | €1,949,288 | -€79,172 | -3.9% |
| Fixed assets | 21/28 | €1,856,473 | €1,778,339 | -€78,134 | -4.2% |
| Tangible fixed assets | 22/27 | €1,856,473 | €1,778,339 | -€78,134 | -4.2% |
| Land and buildings | 22 | €1,806,584 | €1,751,495 | -€55,089 | -3.0% |
| Plant, machinery and equipment | 23 | €32,251 | €16,605 | -€15,645 | -48.5% |
| Furniture and vehicles | 24 | €17,638 | €10,238 | -€7,400 | -42.0% |
| Current assets | 29/58 | €171,987 | €170,949 | -€1,038 | -0.6% |
| Amounts receivable after more than one year | 29 | €1,250 | €1,250 | = | 0.0% |
| Other amounts receivable | 291 | €1,250 | €1,250 | = | 0.0% |
| Stocks and contracts in progress | 3 | €89,706 | €114,856 | +€25,150 | +28.0% |
| Stocks | 30/36 | €89,706 | €114,856 | +€25,150 | +28.0% |
| Amounts receivable within one year | 40/41 | €60,730 | €44,464 | -€16,266 | -26.8% |
| Trade receivables | 40 | €56,892 | €40,886 | -€16,006 | -28.1% |
| Other amounts receivable | 41 | €3,838 | €3,578 | -€260 | -6.8% |
| Cash at bank and in hand | 54/58 | €20,302 | €10,379 | -€9,923 | -48.9% |
| Total equity and liabilities | 10/49 | €2,028,461 | €1,949,288 | -€79,172 | -3.9% |
| Equity | 10/15 | €283,213 | €283,368 | +€155 | +0.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Revaluation surpluses | 12 | €81,600 | €81,600 | = | 0.0% |
| Reserves | 13 | €92,743 | €87,322 | -€5,421 | -5.8% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €86,743 | €81,322 | -€5,421 | -6.2% |
| Profit (loss) carried forward | 14 | €48,870 | €54,446 | +€5,576 | +11.4% |
| Provisions and deferred taxes | 16 | €28,914 | €27,107 | -€1,807 | -6.3% |
| Deferred taxes | 168 | €28,914 | €27,107 | -€1,807 | -6.3% |
| Amounts payable | 17/49 | €1,716,333 | €1,638,813 | -€77,520 | -4.5% |
| Amounts payable after more than one year | 17 | €1,371,610 | €1,262,750 | -€108,860 | -7.9% |
| Financial debts | 170/4 | €1,371,610 | €1,262,750 | -€108,860 | -7.9% |
| Amounts payable within one year | 42/48 | €344,723 | €376,063 | +€31,340 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €135,306 | €113,860 | -€21,446 | -15.9% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €97,771 | €126,745 | +€28,973 | +29.6% |
| Suppliers | 440/4 | €97,771 | €126,745 | +€28,973 | +29.6% |
| Taxes, remuneration and social security | 45 | €4,757 | €6,544 | +€1,787 | +37.6% |
| Taxes | 450/3 | €2,357 | €3,298 | +€941 | +39.9% |
| Remuneration and social security | 454/9 | €2,400 | €3,245 | +€846 | +35.2% |
| Other amounts payable | 47/48 | €106,889 | €103,915 | -€2,974 | -2.8% |
| Non-recurring operating income | 76A | - | €13,000 | +€13,000 | |
| Remuneration, social security and pensions | 62 | €51,938 | €47,057 | -€4,881 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,252 | €78,134 | -€3,118 | -3.8% |
| Other operating charges | 640/8 | €3,144 | €4,495 | +€1,352 | +43.0% |
| Gross operating margin | 9900 | €240,631 | €151,203 | -€89,428 | -37.2% |
| Operating profit (loss) | 9901 | €104,297 | €21,516 | -€82,781 | -79.4% |
| Financial income | 75/76B | €29 | €23 | -€6 | -21.1% |
| Recurring financial income | 75 | €29 | €23 | -€6 | -21.1% |
| Financial charges | 65/66B | €24,427 | €22,966 | -€1,461 | -6.0% |
| Recurring financial charges | 65 | €24,427 | €22,966 | -€1,461 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €79,899 | -€1,427 | -€81,327 | |
| Transfer from deferred taxes | 780 | €1,807 | €1,807 | = | 0.0% |
| Income taxes | 67/77 | - | €225 | +€225 | |
| Profit (loss) for the period | 9904 | €81,706 | €155 | -€81,552 | -99.8% |
| Transfer from tax-exempt reserves | 789 | €5,421 | €5,421 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,128 | €5,576 | -€81,552 | -93.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.