RS EQUESTRIAN & SERVICES BV: what changed
RS EQUESTRIAN & SERVICES BV
Largest movements
- Cash +€243,097
up €243,097 (+253%), from €96,004 to €339,101
mainly Investment in fixed assets (net) (+€196,615) and Net result for the year (+€70,819)
- Tangible fixed assets -€199,118
down €199,118 (-87.7%), from €227,048 to €27,931
of which Furniture and vehicles: -€201,005
- Stocks and contracts -€70,052
down €70,052 (-15.8%), from €442,106 to €372,054
- Receivables within one year +€11,739
up €11,739 (+199%), from €5,898 to €17,637
of which Trade receivables: +€9,170
- Debts after one year -€115,129
down €115,129 (-100%), from €115,129 to €0
- Profit (loss) carried forward +€62,288
up €62,288, from -€62,288 to €0
- Tax, wage and social debts +€34,878
up €34,878 (+76,253%), from €46 to €34,924
- Current portion of long-term debt -€26,976
down €26,976 (-100%), from €26,976 to €0
- Other debts +€10,676
up €10,676 (+1.7%), from €623,482 to €634,159
- Gross operating margin +€88,529
up €88,529, from -€5,047 to €83,482
- Depreciation -€26,501
down €26,501 (-91.4%), from €29,004 to €2,502
- Other operating charges -€5,347
down €5,347 (-87.9%), from €6,084 to €736
- Taxes +€2,501
new in 2025: €2,501
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €776,948 | €757,346 | -€19,602 | -2.5% |
| Fixed assets | 21/28 | €227,048 | €27,931 | -€199,118 | -87.7% |
| Tangible fixed assets | 22/27 | €227,048 | €27,931 | -€199,118 | -87.7% |
| Land and buildings | 22 | €4,347 | €3,994 | -€352 | -8.1% |
| Plant, machinery and equipment | 23 | €5,048 | €4,267 | -€781 | -15.5% |
| Furniture and vehicles | 24 | €201,005 | €0 | -€201,005 | -100% |
| Other tangible fixed assets | 26 | €16,649 | €19,669 | +€3,020 | +18.1% |
| Current assets | 29/58 | €549,900 | €729,416 | +€179,516 | +32.6% |
| Stocks and contracts in progress | 3 | €442,106 | €372,054 | -€70,052 | -15.8% |
| Stocks | 30/36 | €442,106 | €372,054 | -€70,052 | -15.8% |
| Amounts receivable within one year | 40/41 | €5,898 | €17,637 | +€11,739 | +199% |
| Trade receivables | 40 | €967 | €10,138 | +€9,170 | +948% |
| Other amounts receivable | 41 | €4,930 | €7,499 | +€2,568 | +52.1% |
| Cash at bank and in hand | 54/58 | €96,004 | €339,101 | +€243,097 | +253% |
| Deferred charges and accrued income | 490/1 | €5,892 | €624 | -€5,268 | -89.4% |
| Total equity and liabilities | 10/49 | €776,948 | €757,346 | -€19,602 | -2.5% |
| Equity | 10/15 | -€42,288 | €28,531 | +€70,819 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €8,531 | +€8,531 | |
| Distributable reserves | 133 | - | €8,531 | +€8,531 | |
| Profit (loss) carried forward | 14 | -€62,288 | €0 | +€62,288 | |
| Amounts payable | 17/49 | €819,236 | €728,815 | -€90,421 | -11.0% |
| Amounts payable after more than one year | 17 | €115,129 | €0 | -€115,129 | -100% |
| Financial debts | 170/4 | €115,129 | €0 | -€115,129 | -100% |
| Amounts payable within one year | 42/48 | €704,107 | €728,770 | +€24,662 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €26,976 | €0 | -€26,976 | -100% |
| Trade debts | 44 | €53,603 | €59,687 | +€6,084 | +11.4% |
| Suppliers | 440/4 | €53,603 | €59,687 | +€6,084 | +11.4% |
| Taxes, remuneration and social security | 45 | €46 | €34,924 | +€34,878 | +76,253% |
| Taxes | 450/3 | €46 | €34,924 | +€34,878 | +76,253% |
| Other amounts payable | 47/48 | €623,482 | €634,159 | +€10,676 | +1.7% |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,004 | €2,502 | -€26,501 | -91.4% |
| Other operating charges | 640/8 | €6,084 | €736 | -€5,347 | -87.9% |
| Gross operating margin | 9900 | -€5,047 | €83,482 | +€88,529 | |
| Operating profit (loss) | 9901 | -€40,134 | €80,243 | +€120,377 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,467 | €6,923 | +€456 | +7.1% |
| Recurring financial charges | 65 | €6,467 | €6,923 | +€456 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,601 | €73,320 | +€119,921 | |
| Income taxes | 67/77 | - | €2,501 | +€2,501 | |
| Profit (loss) for the period | 9904 | -€46,601 | €70,819 | +€117,420 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,601 | €70,819 | +€117,420 |
Next steps
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 4 November 2026 via checked.be.