STAL DE RIDDER: what changed
What changed
STAL DE RIDDER
NACE 01.430, Raising of horses and other equines
filed annual accounts (NBB)
Net result for the year
-€55,386
2024 · €269,554-€324,939
Equity
€1.1m
2024 · -€552,805+€1.7m
Cash
€439,519
2024 · €659,492-€219,973
Balance sheet total
€2.2m
2024 · €726,473+€1.4m
Largest movements
Assets
- Tangible fixed assets +€1.7m
up €1.7m (+91,086%), from €1,868 to €1.7m
of which Land and buildings: +€1.7m
- Cash -€219,973
down €219,973 (-33.4%), from €659,492 to €439,519
mainly Investment in fixed assets (net) (-€1.8m) and Other debts (-€240,189)
Equity and liabilities
- Contributions +€1.8m
up €1.8m (+9,434%), from €18,550 to €1.8m
- Other debts -€240,189
down €240,189 (-31.7%), from €758,371 to €518,182
- Profit (loss) carried forward -€55,386
down €55,386 (-9.7%), from -€571,575 to -€626,961
Income statement
- Gross operating margin -€167,774
down €167,774, from €161,122 to -€6,652
- Write-downs +€149,203
up €149,203, from -€149,203 to €0
- Other operating charges -€67,833
down €67,833 (-100%), from €67,833 to €0
- Depreciation +€48,041
up €48,041 (+7,716%), from €623 to €48,664
- Financial income -€17,447
down €17,447 (-100%), from €17,447 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€269,554
Gross operating margin
-€167,774
Depreciation
-€48,041
Write-downs
-€149,203
Other operating charges
+€67,833
Financial income
-€17,447
Financial charges
+€2,576
Taxes
-€12,883
Result 2025
-€55,386
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€219,973
Investment
-€1.8m
Financing
+€1.8m
Cash 2024
€659,492
From operations (derived)
-€219,973
Net result for the year
-€55,386
Depreciation
+€48,664
Stocks and contracts
+€18,326
Receivables within one year
+€15,923
Smaller working-capital items
+€1,892
Trade debts
-€9,203
Other debts
-€240,189
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€1.8m
Contributions, distributions and other
+€1.8m
Cash 2025
€439,519
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €726,473 | €2,173,757 | +€1.4m | +199% |
| Fixed assets | 21/28 | €18,961 | €1,720,297 | +€1.7m | +8,973% |
| Tangible fixed assets | 22/27 | €1,868 | €1,703,204 | +€1.7m | +91,086% |
| Land and buildings | 22 | - | €1,701,959 | +€1.7m | |
| Furniture and vehicles | 24 | €1,868 | €1,245 | -€623 | -33.3% |
| Financial fixed assets | 28 | €17,093 | €17,093 | = | 0.0% |
| Current assets | 29/58 | €707,512 | €453,460 | -€254,053 | -35.9% |
| Stocks and contracts in progress | 3 | €18,326 | €0 | -€18,326 | -100% |
| Stocks | 30/36 | €18,326 | €0 | -€18,326 | -100% |
| Amounts receivable within one year | 40/41 | €29,694 | €13,771 | -€15,923 | -53.6% |
| Trade receivables | 40 | €15,125 | €3,229 | -€11,896 | -78.6% |
| Other amounts receivable | 41 | €14,569 | €10,541 | -€4,027 | -27.6% |
| Cash at bank and in hand | 54/58 | €659,492 | €439,519 | -€219,973 | -33.4% |
| Deferred charges and accrued income | 490/1 | - | €169 | +€169 | |
| Total equity and liabilities | 10/49 | €726,473 | €2,173,757 | +€1.4m | +199% |
| Equity | 10/15 | -€552,805 | €1,141,809 | +€1.7m | |
| Contributions | 10/11 | €18,550 | €1,768,550 | +€1.8m | +9,434% |
| Reserves | 13 | €220 | €220 | = | 0.0% |
| Non-distributable reserves | 130/1 | €220 | €0 | -€220 | -100% |
| Reserves not available under the articles | 1311 | €220 | €0 | -€220 | -100% |
| Distributable reserves | 133 | - | €220 | +€220 | |
| Profit (loss) carried forward | 14 | -€571,575 | -€626,961 | -€55,386 | -9.7% |
| Amounts payable | 17/49 | €1,279,278 | €1,031,947 | -€247,330 | -19.3% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €779,278 | €531,578 | -€247,699 | -31.8% |
| Trade debts | 44 | €20,906 | €11,704 | -€9,203 | -44.0% |
| Suppliers | 440/4 | €20,906 | €11,704 | -€9,203 | -44.0% |
| Taxes, remuneration and social security | 45 | - | €1,692 | +€1,692 | |
| Taxes | 450/3 | - | €1,692 | +€1,692 | |
| Other amounts payable | 47/48 | €758,371 | €518,182 | -€240,189 | -31.7% |
| Accrued charges and deferred income | 492/3 | - | €369 | +€369 | |
| Non-recurring operating income | 76A | €406,268 | €0 | -€406,268 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €623 | €48,664 | +€48,041 | +7,716% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€149,203 | €0 | +€149,203 | |
| Other operating charges | 640/8 | €67,833 | €0 | -€67,833 | -100% |
| Gross operating margin | 9900 | €161,122 | -€6,652 | -€167,774 | |
| Operating profit (loss) | 9901 | €241,870 | -€55,316 | -€297,185 | |
| Financial income | 75/76B | €17,447 | €0 | -€17,447 | -100% |
| Recurring financial income | 75 | €17,447 | €0 | -€17,447 | -100% |
| Financial charges | 65/66B | €2,646 | €70 | -€2,576 | -97.4% |
| Recurring financial charges | 65 | €2,646 | €70 | -€2,576 | -97.4% |
| Profit (loss) for the period before taxes | 9903 | €256,670 | -€55,386 | -€312,056 | |
| Income taxes | 67/77 | -€12,883 | €0 | +€12,883 | |
| Profit (loss) for the period | 9904 | €269,554 | -€55,386 | -€324,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €269,554 | -€55,386 | -€324,939 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.