Stal Stapelheyde: 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.
What changed
Stal Stapelheyde
NACE 93.127, Equestrian clubs
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7,042
2024 · -€67,646+€60,604
Equity
-€601,394
2024 · -€594,352-€7,042
Cash
€6,255
2024 · €15,393-€9,139
Balance sheet total
€1.1m
2024 · €1.2m-€49,388
Largest movements
Assets
- Tangible fixed assets -€50,724
down €50,724 (-4.4%), from €1.2m to €1.1m
of which Land and buildings: -€47,080
Equity and liabilities
- Debts after one year -€50,990
down €50,990 (-38.5%), from €132,569 to €81,579
Income statement
- Depreciation -€51,836
down €51,836 (-39.2%), from €132,288 to €80,451
- Gross operating margin +€5,340
up €5,340 (+6.8%), from €78,168 to €83,508
- Financial income +€2,851
up €2,851 (+2,708%), from €105 to €2,956
- Financial charges -€918
down €918 (-12.3%), from €7,448 to €6,531
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.
Result 2024
-€67,646
Gross operating margin
+€5,340
Depreciation
+€51,836
Other operating charges
-€335
Financial income
+€2,851
Financial charges
+€918
Taxes
-€6
Result 2025
-€7,042
raises the resultlowers the result
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.
From operations
+€63,412
Investment
-€29,727
Financing
-€42,824
Cash 2024
€15,393
From operations (derived)
+€63,412
Net result for the year
-€7,042
Depreciation
+€80,451
Receivables within one year
-€9,831
Deferred charges and accrued income
-€644
Trade debts
-€4,796
Tax, wage and social debts
+€1,881
Other debts
+€3,393
Investment (derived)
-€29,727
Investment in fixed assets (net)
-€29,727
Financing
-€42,824
Debts after one year
-€50,990
Current portion of long-term debt
+€8,166
Cash 2025
€6,255
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,175,529 | €1,126,141 | -€49,388 | -4.2% |
| Fixed assets | 21/28 | €1,153,981 | €1,103,256 | -€50,724 | -4.4% |
| Tangible fixed assets | 22/27 | €1,153,981 | €1,103,256 | -€50,724 | -4.4% |
| Land and buildings | 22 | €984,062 | €936,982 | -€47,080 | -4.8% |
| Plant, machinery and equipment | 23 | €128,455 | €107,888 | -€20,568 | -16.0% |
| Furniture and vehicles | 24 | €7,501 | €0 | -€7,501 | -100% |
| Leasing and similar rights | 25 | - | €21,950 | +€21,950 | |
| Other tangible fixed assets | 26 | €33,962 | €36,437 | +€2,475 | +7.3% |
| Current assets | 29/58 | €21,548 | €22,885 | +€1,336 | +6.2% |
| Amounts receivable within one year | 40/41 | €6,155 | €15,986 | +€9,831 | +160% |
| Trade receivables | 40 | €3,999 | €4,715 | +€716 | +17.9% |
| Other amounts receivable | 41 | €2,156 | €11,270 | +€9,115 | +423% |
| Cash at bank and in hand | 54/58 | €15,393 | €6,255 | -€9,139 | -59.4% |
| Deferred charges and accrued income | 490/1 | - | €644 | +€644 | |
| Total equity and liabilities | 10/49 | €1,175,529 | €1,126,141 | -€49,388 | -4.2% |
| Equity | 10/15 | -€594,352 | -€601,394 | -€7,042 | -1.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€655,852 | -€662,894 | -€7,042 | -1.1% |
| Amounts payable | 17/49 | €1,769,881 | €1,727,535 | -€42,346 | -2.4% |
| Amounts payable after more than one year | 17 | €132,569 | €81,579 | -€50,990 | -38.5% |
| Financial debts | 170/4 | €132,569 | €81,579 | -€50,990 | -38.5% |
| Amounts payable within one year | 42/48 | €1,637,312 | €1,645,956 | +€8,644 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €64,036 | €72,202 | +€8,166 | +12.8% |
| Trade debts | 44 | €23,051 | €18,255 | -€4,796 | -20.8% |
| Suppliers | 440/4 | €23,051 | €18,255 | -€4,796 | -20.8% |
| Taxes, remuneration and social security | 45 | €6,004 | €7,885 | +€1,881 | +31.3% |
| Taxes | 450/3 | €6,004 | €7,885 | +€1,881 | +31.3% |
| Other amounts payable | 47/48 | €1,544,220 | €1,547,613 | +€3,393 | +0.2% |
| Non-recurring operating income | 76A | €24,000 | €32,000 | +€8,000 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,288 | €80,451 | -€51,836 | -39.2% |
| Other operating charges | 640/8 | €6,044 | €6,379 | +€335 | +5.5% |
| Gross operating margin | 9900 | €78,168 | €83,508 | +€5,340 | +6.8% |
| Operating profit (loss) | 9901 | -€60,164 | -€3,322 | +€56,842 | +94.5% |
| Financial income | 75/76B | €105 | €2,956 | +€2,851 | +2,708% |
| Recurring financial income | 75 | €105 | €2,956 | +€2,851 | +2,708% |
| Financial charges | 65/66B | €7,448 | €6,531 | -€918 | -12.3% |
| Recurring financial charges | 65 | €7,448 | €6,531 | -€918 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€67,506 | -€6,896 | +€60,610 | +89.8% |
| Income taxes | 67/77 | €140 | €146 | +€6 | +4.6% |
| Profit (loss) for the period | 9904 | -€67,646 | -€7,042 | +€60,604 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,646 | -€7,042 | +€60,604 | +89.6% |
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 19 October 2026 via checked.be.