SB EQUESTRIAN SERVICES: 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.
SB EQUESTRIAN SERVICES
Largest movements
- Receivables within one year -€92,221
down €92,221 (-67.4%), from €136,917 to €44,695
of which Trade receivables: -€79,863
- Tangible fixed assets -€81,046
down €81,046 (-12.6%), from €643,568 to €562,521
of which Furniture and vehicles: -€44,899
- Stocks and contracts -€72,250
down €72,250 (-4.1%), from €1.8m to €1.7m
- Cash +€31,589
up €31,589 (+41.6%), from €75,875 to €107,464
mainly Receivables within one year (+€92,221) and Depreciation (+€78,197)
- Advances received -€117,251
down €117,251 (-100%), from €117,251 to €0
- Other debts -€63,168
down €63,168 (-2.8%), from €2.3m to €2.2m
- Trade debts -€50,241
down €50,241 (-97.6%), from €51,495 to €1,254
- Gross operating margin -€102,430
down €102,430 (-52.2%), from €196,297 to €93,866
- Depreciation +€14,354
up €14,354 (+22.5%), from €63,843 to €78,197
- Other operating charges +€6,667
up €6,667 (+128%), from €5,199 to €11,866
- Financial charges +€2,744
up €2,744 (+243%), from €1,129 to €3,872
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 | €2,649,303 | €2,419,632 | -€229,671 | -8.7% |
| Fixed assets | 21/28 | €644,568 | €563,521 | -€81,046 | -12.6% |
| Tangible fixed assets | 22/27 | €643,568 | €562,521 | -€81,046 | -12.6% |
| Land and buildings | 22 | €485,124 | €454,310 | -€30,815 | -6.4% |
| Plant, machinery and equipment | 23 | €7,298 | €1,966 | -€5,333 | -73.1% |
| Furniture and vehicles | 24 | €137,346 | €92,448 | -€44,899 | -32.7% |
| Other tangible fixed assets | 26 | €13,798 | €13,798 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €2,004,735 | €1,856,111 | -€148,624 | -7.4% |
| Stocks and contracts in progress | 3 | €1,774,900 | €1,702,650 | -€72,250 | -4.1% |
| Stocks | 30/36 | €1,774,900 | €1,702,650 | -€72,250 | -4.1% |
| Amounts receivable within one year | 40/41 | €136,917 | €44,695 | -€92,221 | -67.4% |
| Trade receivables | 40 | €124,305 | €44,442 | -€79,863 | -64.2% |
| Other amounts receivable | 41 | €12,612 | €253 | -€12,358 | -98.0% |
| Cash at bank and in hand | 54/58 | €75,875 | €107,464 | +€31,589 | +41.6% |
| Deferred charges and accrued income | 490/1 | €17,044 | €1,301 | -€15,742 | -92.4% |
| Total equity and liabilities | 10/49 | €2,649,303 | €2,419,632 | -€229,671 | -8.7% |
| Equity | 10/15 | €162,970 | €163,022 | +€52 | 0.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,970 | €53,022 | +€52 | +0.1% |
| Amounts payable | 17/49 | €2,486,333 | €2,256,610 | -€229,722 | -9.2% |
| Amounts payable after more than one year | 17 | €50,820 | €50,820 | = | 0.0% |
| Financial debts | 170/4 | €50,820 | €50,820 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,435,513 | €2,205,790 | -€229,722 | -9.4% |
| Trade debts | 44 | €51,495 | €1,254 | -€50,241 | -97.6% |
| Suppliers | 440/4 | €51,495 | €1,254 | -€50,241 | -97.6% |
| Advances received on contracts in progress | 46 | €117,251 | €0 | -€117,251 | -100% |
| Taxes, remuneration and social security | 45 | €3,329 | €4,266 | +€937 | +28.2% |
| Taxes | 450/3 | €3,329 | €4,266 | +€937 | +28.2% |
| Other amounts payable | 47/48 | €2,263,438 | €2,200,270 | -€63,168 | -2.8% |
| Non-recurring operating income | 76A | €1,549 | €175,000 | +€173,451 | +11,197% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,843 | €78,197 | +€14,354 | +22.5% |
| Other operating charges | 640/8 | €5,199 | €11,866 | +€6,667 | +128% |
| Non-recurring operating charges | 66A | €5,071 | €0 | -€5,071 | -100% |
| Gross operating margin | 9900 | €196,297 | €93,866 | -€102,430 | -52.2% |
| Operating profit (loss) | 9901 | €122,183 | €3,803 | -€118,380 | -96.9% |
| Financial income | 75/76B | - | €484 | +€484 | |
| Recurring financial income | 75 | - | €484 | +€484 | |
| Financial charges | 65/66B | €1,129 | €3,872 | +€2,744 | +243% |
| Recurring financial charges | 65 | €1,129 | €3,872 | +€2,744 | +243% |
| Profit (loss) for the period before taxes | 9903 | €121,054 | €415 | -€120,639 | -99.7% |
| Income taxes | 67/77 | €1,100 | €363 | -€737 | -67.0% |
| Profit (loss) for the period | 9904 | €119,954 | €52 | -€119,902 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €119,954 | €52 | -€119,902 | -100.0% |
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 14 October 2026 via checked.be.