Royal Horses: what changed
Royal Horses
Largest movements
- Cash +€3,343
up €3,343 (+64.2%), from €5,207 to €8,550
mainly Other debts (+€17,225) and Trade debts (+€10,675)
- Receivables within one year +€1,166
up €1,166 (+19.8%), from €5,880 to €7,046
of which Other amounts receivable: +€668
- Profit (loss) carried forward -€23,206
down €23,206 (-37.9%), from -€61,266 to -€84,472
- Other debts +€17,225
up €17,225 (+33.1%), from €52,099 to €69,324
- Trade debts +€10,675
up €10,675 (+134%), from €7,939 to €18,614
- Gross operating margin +€9,537
up €9,537 (+29.6%), from -€32,194 to -€22,657
- Financial income +€341
new in 2024: €341
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,670 | €23,179 | +€4,509 | +24.2% |
| Fixed assets | 21/28 | €7,583 | €7,583 | = | 0.0% |
| Intangible fixed assets | 21 | €7,583 | €7,583 | = | 0.0% |
| Current assets | 29/58 | €11,087 | €15,596 | +€4,509 | +40.7% |
| Amounts receivable within one year | 40/41 | €5,880 | €7,046 | +€1,166 | +19.8% |
| Trade receivables | 40 | €5,880 | €6,377 | +€497 | +8.5% |
| Other amounts receivable | 41 | - | €668 | +€668 | |
| Cash at bank and in hand | 54/58 | €5,207 | €8,550 | +€3,343 | +64.2% |
| Total equity and liabilities | 10/49 | €18,670 | €23,179 | +€4,509 | +24.2% |
| Equity | 10/15 | -€41,553 | -€64,759 | -€23,206 | -55.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,113 | €1,113 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,113 | €1,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,266 | -€84,472 | -€23,206 | -37.9% |
| Amounts payable | 17/49 | €60,223 | €87,938 | +€27,715 | +46.0% |
| Amounts payable within one year | 42/48 | €60,223 | €87,938 | +€27,715 | +46.0% |
| Trade debts | 44 | €7,939 | €18,614 | +€10,675 | +134% |
| Suppliers | 440/4 | €7,939 | €18,614 | +€10,675 | +134% |
| Taxes, remuneration and social security | 45 | €185 | €0 | -€185 | -100% |
| Taxes | 450/3 | €185 | €0 | -€185 | -100% |
| Other amounts payable | 47/48 | €52,099 | €69,324 | +€17,225 | +33.1% |
| Other operating charges | 640/8 | €825 | €778 | -€47 | -5.7% |
| Gross operating margin | 9900 | -€32,194 | -€22,657 | +€9,537 | +29.6% |
| Operating profit (loss) | 9901 | -€33,020 | -€23,436 | +€9,584 | +29.0% |
| Financial income | 75/76B | - | €341 | +€341 | |
| Recurring financial income | 75 | - | €341 | +€341 | |
| Financial charges | 65/66B | €46 | €111 | +€65 | +140% |
| Recurring financial charges | 65 | €46 | €111 | +€65 | +140% |
| Profit (loss) for the period before taxes | 9903 | -€33,066 | -€23,206 | +€9,860 | +29.8% |
| Profit (loss) for the period | 9904 | -€33,066 | -€23,206 | +€9,860 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,066 | -€23,206 | +€9,860 | +29.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.