Second Life Stables: 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.
Second Life Stables
Largest movements
- Cash -€21,915
down €21,915 (-63.7%), from €34,390 to €12,476
mainly Investment in fixed assets (net) (-€36,104) and Receivables within one year (-€15,716)
- Tangible fixed assets +€19,095
up €19,095 (+49.2%), from €38,847 to €57,942
of which Land and buildings: +€18,795
- Receivables within one year +€15,716
up €15,716 (+214%), from €7,334 to €23,050
of which Other amounts receivable: +€17,066
- Stocks and contracts -€5,000
down €5,000 (-6.3%), from €80,000 to €75,000
- Reserves +€20,154
up €20,154 (+42.4%), from €47,535 to €67,688
of which Distributable reserves: +€20,154
- Other debts -€12,658
down €12,658 (-14.9%), from €84,940 to €72,281
- Trade debts +€4,814
up €4,814 (+71.1%), from €6,774 to €11,587
- Tax, wage and social debts -€3,933
no longer reported in 2025 (was €3,933)
- Taxes +€9,326
up €9,326 (+408%), from €2,285 to €11,610
- Gross operating margin +€5,514
up €5,514 (+11.2%), from €49,085 to €54,599
- Financial income -€1,186
down €1,186 (-68.9%), from €1,720 to €535
of which Financial income: -€1,186
- Financial charges +€1,157
up €1,157 (+38,711%), from €3 to €1,160
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 | €161,781 | €170,157 | +€8,376 | +5.2% |
| Fixed assets | 21/28 | €38,847 | €57,942 | +€19,095 | +49.2% |
| Tangible fixed assets | 22/27 | €38,847 | €57,942 | +€19,095 | +49.2% |
| Land and buildings | 22 | - | €18,795 | +€18,795 | |
| Plant, machinery and equipment | 23 | €36,486 | €38,036 | +€1,550 | +4.2% |
| Furniture and vehicles | 24 | €2,361 | €1,110 | -€1,251 | -53.0% |
| Current assets | 29/58 | €122,934 | €112,215 | -€10,719 | -8.7% |
| Stocks and contracts in progress | 3 | €80,000 | €75,000 | -€5,000 | -6.3% |
| Stocks | 30/36 | €80,000 | €75,000 | -€5,000 | -6.3% |
| Amounts receivable within one year | 40/41 | €7,334 | €23,050 | +€15,716 | +214% |
| Trade receivables | 40 | €1,350 | - | -€1,350 | |
| Other amounts receivable | 41 | €5,984 | €23,050 | +€17,066 | +285% |
| Cash at bank and in hand | 54/58 | €34,390 | €12,476 | -€21,915 | -63.7% |
| Deferred charges and accrued income | 490/1 | €1,209 | €1,689 | +€480 | +39.7% |
| Total equity and liabilities | 10/49 | €161,781 | €170,157 | +€8,376 | +5.2% |
| Equity | 10/15 | €66,135 | €86,288 | +€20,154 | +30.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,535 | €67,688 | +€20,154 | +42.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,675 | €65,828 | +€20,154 | +44.1% |
| Amounts payable | 17/49 | €95,646 | €83,868 | -€11,777 | -12.3% |
| Amounts payable within one year | 42/48 | €95,646 | €83,868 | -€11,777 | -12.3% |
| Trade debts | 44 | €6,774 | €11,587 | +€4,814 | +71.1% |
| Suppliers | 440/4 | €6,774 | €11,587 | +€4,814 | +71.1% |
| Taxes, remuneration and social security | 45 | €3,933 | - | -€3,933 | |
| Taxes | 450/3 | €3,933 | - | -€3,933 | |
| Other amounts payable | 47/48 | €84,940 | €72,281 | -€12,658 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,492 | €17,010 | -€482 | -2.8% |
| Other operating charges | 640/8 | €592 | €212 | -€380 | -64.2% |
| Gross operating margin | 9900 | €49,085 | €54,599 | +€5,514 | +11.2% |
| Operating profit (loss) | 9901 | €31,001 | €37,377 | +€6,376 | +20.6% |
| Financial income | 75/76B | €1,720 | €535 | -€1,186 | -68.9% |
| Recurring financial income | 75 | €1,720 | €535 | -€1,186 | -68.9% |
| Non-recurring financial income | 76B | €1,720 | €535 | -€1,186 | -68.9% |
| Financial charges | 65/66B | €3 | €1,160 | +€1,157 | +38,711% |
| Recurring financial charges | 65 | €3 | €1,160 | +€1,157 | +38,711% |
| Profit (loss) for the period before taxes | 9903 | €32,719 | €36,751 | +€4,033 | +12.3% |
| Income taxes | 67/77 | €2,285 | €11,610 | +€9,326 | +408% |
| Profit (loss) for the period | 9904 | €30,434 | €25,141 | -€5,293 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,434 | €25,141 | -€5,293 | -17.4% |
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.