RVB 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.
RVB Sporthorses
Largest movements
- Tangible fixed assets +€38,416
up €38,416 (+45.3%), from €84,775 to €123,191
of which Other tangible fixed assets: +€28,142
- Stocks and contracts +€16,052
up €16,052 (+96.7%), from €16,600 to €32,652
- Cash -€15,542
down €15,542 (-71.7%), from €21,688 to €6,146
mainly Investment in fixed assets (net) (-€65,510) and Net result for the year (-€18,428)
- Receivables within one year +€9,314
up €9,314 (+51.9%), from €17,958 to €27,272
of which Other amounts receivable: +€7,769
- Deferred charges and accrued income +€3,539
up €3,539 (+854%), from €415 to €3,954
- Other debts +€61,647
up €61,647 (+42.5%), from €144,929 to €206,576
- Profit (loss) carried forward -€18,428
down €18,428 (-207%), from -€8,903 to -€27,331
- Trade debts +€6,588
up €6,588 (+156%), from €4,214 to €10,802
- Tax, wage and social debts +€1,972
up €1,972 (+1,002%), from €197 to €2,168
of which Remuneration and social security: +€2,001
- Depreciation +€8,619
up €8,619 (+46.7%), from €18,475 to €27,094
- Gross operating margin -€5,152
down €5,152 (-26.4%), from €19,502 to €14,350
- Other operating charges +€3,120
up €3,120 (+124%), from €2,518 to €5,638
- Financial charges -€1,062
down €1,062, from €966 to -€96
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 | €141,436 | €193,215 | +€51,779 | +36.6% |
| Fixed assets | 21/28 | €84,775 | €123,191 | +€38,416 | +45.3% |
| Tangible fixed assets | 22/27 | €84,775 | €123,191 | +€38,416 | +45.3% |
| Furniture and vehicles | 24 | €82,239 | €92,513 | +€10,274 | +12.5% |
| Other tangible fixed assets | 26 | €2,536 | €30,679 | +€28,142 | +1,110% |
| Current assets | 29/58 | €56,661 | €70,024 | +€13,363 | +23.6% |
| Stocks and contracts in progress | 3 | €16,600 | €32,652 | +€16,052 | +96.7% |
| Stocks | 30/36 | €16,600 | €32,652 | +€16,052 | +96.7% |
| Amounts receivable within one year | 40/41 | €17,958 | €27,272 | +€9,314 | +51.9% |
| Trade receivables | 40 | €13,858 | €15,404 | +€1,546 | +11.2% |
| Other amounts receivable | 41 | €4,100 | €11,869 | +€7,769 | +189% |
| Cash at bank and in hand | 54/58 | €21,688 | €6,146 | -€15,542 | -71.7% |
| Deferred charges and accrued income | 490/1 | €415 | €3,954 | +€3,539 | +854% |
| Total equity and liabilities | 10/49 | €141,436 | €193,215 | +€51,779 | +36.6% |
| Equity | 10/15 | -€7,903 | -€26,331 | -€18,428 | -233% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,903 | -€27,331 | -€18,428 | -207% |
| Amounts payable | 17/49 | €149,339 | €219,546 | +€70,207 | +47.0% |
| Amounts payable within one year | 42/48 | €149,339 | €219,546 | +€70,207 | +47.0% |
| Trade debts | 44 | €4,214 | €10,802 | +€6,588 | +156% |
| Suppliers | 440/4 | €4,214 | €10,802 | +€6,588 | +156% |
| Taxes, remuneration and social security | 45 | €197 | €2,168 | +€1,972 | +1,002% |
| Taxes | 450/3 | €197 | €167 | -€30 | -15.1% |
| Remuneration and social security | 454/9 | - | €2,001 | +€2,001 | |
| Other amounts payable | 47/48 | €144,929 | €206,576 | +€61,647 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,475 | €27,094 | +€8,619 | +46.7% |
| Other operating charges | 640/8 | €2,518 | €5,638 | +€3,120 | +124% |
| Gross operating margin | 9900 | €19,502 | €14,350 | -€5,152 | -26.4% |
| Operating profit (loss) | 9901 | -€1,492 | -€18,382 | -€16,891 | -1,132% |
| Financial charges | 65/66B | €966 | -€96 | -€1,062 | |
| Recurring financial charges | 65 | €966 | -€96 | -€1,062 | |
| Profit (loss) for the period before taxes | 9903 | -€2,458 | -€18,287 | -€15,829 | -644% |
| Income taxes | 67/77 | €22 | €141 | +€119 | +550% |
| Profit (loss) for the period | 9904 | -€2,479 | -€18,428 | -€15,948 | -643% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,479 | -€18,428 | -€15,948 | -643% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.