SdA Stables: what changed
Two fiscal 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.
SdA Stables
Largest movements
- Cash +€440,739
up €440,739 (+20261.2%), from €2,175 to €442,915
mainly Receivables within one year (+€250,052) and Stocks and contracts (+€150,000)
- Receivables within one year -€250,052
down €250,052 (-98.6%), from €253,609 to €3,557
of which Other amounts receivable: -€252,973
- Stocks and contracts -€150,000
down €150,000 (-17.8%), from €843,000 to €693,000
- Tangible fixed assets -€28,422
down €28,422 (-47.9%), from €59,332 to €30,910
- Tax, wage and social debts +€61,683
up €61,683, from €0 to €61,683
- Profit (loss) carried forward -€42,085
down €42,085 (-5.0%), from -€847,410 to -€889,495
- Trade debts -€40,773
down €40,773 (-79.9%), from €51,006 to €10,233
- Debts after one year +€29,357
up €29,357 (+1.5%), from €2.0m to €2.0m
- Turnover +€346,616
up €346,616 (+10243.2%), from €3,384 to €350,000
- Purchases and services +€205,111
up €205,111 (+178.4%), from €114,942 to €320,053
- Gross operating margin +€152,641
up €152,641, from -€103,708 to €48,933
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.
Cash bridge derived
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 | €1,161,503 | €1,170,582 | +€9,079 | +0.8% |
| Fixed assets | 21/28 | €59,532 | €31,110 | -€28,422 | -47.7% |
| Tangible fixed assets | 22/27 | €59,332 | €30,910 | -€28,422 | -47.9% |
| Furniture and vehicles | 24 | €59,332 | €30,910 | -€28,422 | -47.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €1,101,971 | €1,139,472 | +€37,501 | +3.4% |
| Stocks and contracts in progress | 3 | €843,000 | €693,000 | -€150,000 | -17.8% |
| Stocks | 30/36 | €843,000 | €693,000 | -€150,000 | -17.8% |
| Amounts receivable within one year | 40/41 | €253,609 | €3,557 | -€250,052 | -98.6% |
| Trade receivables | 40 | €636 | €3,557 | +€2,921 | +459.0% |
| Other amounts receivable | 41 | €252,973 | €0 | -€252,973 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,175 | €442,915 | +€440,739 | +20261.2% |
| Deferred charges and accrued income | 490/1 | €3,186 | €0 | -€3,186 | -100.0% |
| Total equity and liabilities | 10/49 | €1,161,503 | €1,170,582 | +€9,079 | +0.8% |
| Equity | 10/15 | -€844,410 | -€886,495 | -€42,085 | -5.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€847,410 | -€889,495 | -€42,085 | -5.0% |
| Amounts payable | 17/49 | €2,005,912 | €2,057,077 | +€51,164 | +2.6% |
| Amounts payable after more than one year | 17 | €1,954,906 | €1,984,264 | +€29,357 | +1.5% |
| Other amounts payable | 178/9 | €1,954,906 | €1,984,264 | +€29,357 | +1.5% |
| Amounts payable within one year | 42/48 | €51,006 | €71,917 | +€20,911 | +41.0% |
| Trade debts | 44 | €51,006 | €10,233 | -€40,773 | -79.9% |
| Suppliers | 440/4 | €51,006 | €10,233 | -€40,773 | -79.9% |
| Taxes, remuneration and social security | 45 | €0 | €61,683 | +€61,683 | |
| Taxes | 450/3 | €0 | €61,683 | +€61,683 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €896 | +€896 | |
| Turnover | 70 | €3,384 | €350,000 | +€346,616 | +10243.2% |
| Non-recurring operating income | 76A | - | €16,042 | +€16,042 | |
| Goods, raw materials, services and sundry goods | 60/61 | €114,942 | €320,053 | +€205,111 | +178.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,422 | €28,422 | = | 0.0% |
| Other operating charges | 640/8 | €1,226 | €3,616 | +€2,390 | +194.9% |
| Gross operating margin | 9900 | -€103,708 | €48,933 | +€152,641 | |
| Operating profit (loss) | 9901 | -€133,356 | €16,895 | +€150,251 | |
| Financial income | 75/76B | €3 | €13 | +€10 | +347.3% |
| Recurring financial income | 75 | €3 | €13 | +€10 | +347.3% |
| Financial charges | 65/66B | €59,630 | €58,993 | -€637 | -1.1% |
| Recurring financial charges | 65 | €59,630 | €58,993 | -€637 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€192,983 | -€42,085 | +€150,898 | +78.2% |
| Profit (loss) for the period | 9904 | -€192,983 | -€42,085 | +€150,898 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€192,983 | -€42,085 | +€150,898 | +78.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.