Senterline 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.
Senterline Stables
Largest movements
- Tangible fixed assets +€79,554
up €79,554 (+22.7%), from €350,883 to €430,437
of which Furniture and vehicles: +€60,337
- Receivables within one year -€54,144
down €54,144 (-52.1%), from €103,951 to €49,807
of which Trade receivables: -€27,708
- Cash +€17,713
up €17,713 (+24.7%), from €71,713 to €89,426
mainly Other debts (+€72,995) and Receivables within one year (+€54,144)
- Other debts +€72,995
up €72,995 (+260%), from €28,115 to €101,110
- Reserves +€31,186
up €31,186 (+22.5%), from €138,311 to €169,496
- Debts after one year -€19,279
down €19,279 (-6.2%), from €312,362 to €293,083
of which Financial debts: -€178,904
- Trade debts -€17,401
down €17,401 (-98.2%), from €17,722 to €321
- Tax, wage and social debts -€12,720
down €12,720 (-90.4%), from €14,070 to €1,350
of which Taxes: -€12,720
- Turnover +€230,246
new in 2025: €230,246
- Purchases and services +€122,650
new in 2025: €122,650
- Gross operating margin -€23,459
down €23,459 (-17.9%), from €131,204 to €107,745
- Depreciation +€12,046
up €12,046 (+35.6%), from €33,857 to €45,902
- Staff costs -€10,637
down €10,637 (-80.0%), from €13,301 to €2,665
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 | €544,616 | €589,594 | +€44,978 | +8.3% |
| Fixed assets | 21/28 | €350,883 | €430,437 | +€79,554 | +22.7% |
| Tangible fixed assets | 22/27 | €350,883 | €430,437 | +€79,554 | +22.7% |
| Land and buildings | 22 | €263,162 | €283,108 | +€19,946 | +7.6% |
| Plant, machinery and equipment | 23 | €65,464 | €64,734 | -€730 | -1.1% |
| Furniture and vehicles | 24 | €22,258 | €82,595 | +€60,337 | +271% |
| Current assets | 29/58 | €193,733 | €159,157 | -€34,576 | -17.8% |
| Stocks and contracts in progress | 3 | €17,500 | €18,000 | +€500 | +2.9% |
| Stocks | 30/36 | €17,500 | €18,000 | +€500 | +2.9% |
| Amounts receivable within one year | 40/41 | €103,951 | €49,807 | -€54,144 | -52.1% |
| Trade receivables | 40 | €62,825 | €35,117 | -€27,708 | -44.1% |
| Other amounts receivable | 41 | €41,126 | €14,690 | -€26,436 | -64.3% |
| Cash at bank and in hand | 54/58 | €71,713 | €89,426 | +€17,713 | +24.7% |
| Deferred charges and accrued income | 490/1 | €569 | €1,924 | +€1,355 | +238% |
| Total equity and liabilities | 10/49 | €544,616 | €589,594 | +€44,978 | +8.3% |
| Equity | 10/15 | €139,311 | €170,496 | +€31,186 | +22.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €138,311 | €169,496 | +€31,186 | +22.5% |
| Distributable reserves | 133 | €138,311 | €169,496 | +€31,186 | +22.5% |
| Amounts payable | 17/49 | €405,306 | €419,098 | +€13,792 | +3.4% |
| Amounts payable after more than one year | 17 | €312,362 | €293,083 | -€19,279 | -6.2% |
| Financial debts | 170/4 | €178,904 | - | -€178,904 | |
| Other amounts payable | 178/9 | €133,458 | €293,083 | +€159,625 | +120% |
| Amounts payable within one year | 42/48 | €86,749 | €119,949 | +€33,200 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €26,842 | €17,168 | -€9,674 | -36.0% |
| Trade debts | 44 | €17,722 | €321 | -€17,401 | -98.2% |
| Suppliers | 440/4 | €17,722 | €321 | -€17,401 | -98.2% |
| Taxes, remuneration and social security | 45 | €14,070 | €1,350 | -€12,720 | -90.4% |
| Taxes | 450/3 | €14,070 | €1,350 | -€12,720 | -90.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €28,115 | €101,110 | +€72,995 | +260% |
| Accrued charges and deferred income | 492/3 | €6,195 | €6,066 | -€129 | -2.1% |
| Turnover | 70 | - | €230,246 | +€230,246 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €122,650 | +€122,650 | |
| Remuneration, social security and pensions | 62 | €13,301 | €2,665 | -€10,637 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,857 | €45,902 | +€12,046 | +35.6% |
| Other operating charges | 640/8 | €357 | €200 | -€157 | -44.0% |
| Gross operating margin | 9900 | €131,204 | €107,745 | -€23,459 | -17.9% |
| Operating profit (loss) | 9901 | €83,689 | €58,978 | -€24,711 | -29.5% |
| Financial income | 75/76B | €49 | €184 | +€135 | +275% |
| Recurring financial income | 75 | €49 | €184 | +€135 | +275% |
| Financial charges | 65/66B | €7,624 | €14,053 | +€6,429 | +84.3% |
| Recurring financial charges | 65 | €7,624 | €14,053 | +€6,429 | +84.3% |
| Profit (loss) for the period before taxes | 9903 | €76,114 | €45,108 | -€31,006 | -40.7% |
| Income taxes | 67/77 | €21,822 | €13,923 | -€7,899 | -36.2% |
| Profit (loss) for the period | 9904 | €54,292 | €31,186 | -€23,106 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,292 | €31,186 | -€23,106 | -42.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.