STOETERIJ DELOOF: what changed
What changed
STOETERIJ DELOOF
NACE 93.127, Equestrian clubs
filed annual accounts (NBB)
Net result for the year
€22,185
2024 · €18,041+€4,144
Equity
€179,516
2024 · €200,285-€20,769
Cash
€107,528
2024 · €65,471+€42,057
Balance sheet total
€436,200
2024 · €403,321+€32,880
Largest movements
Assets
- Cash +€42,057
up €42,057 (+64.2%), from €65,471 to €107,528
mainly Other debts (+€57,977) and Depreciation (+€45,946)
- Stocks and contracts +€11,571
up €11,571 (+10.5%), from €110,400 to €121,971
- Receivables within one year -€10,048
down €10,048 (-27.7%), from €36,310 to €26,262
of which Trade receivables: -€17,511
- Tangible fixed assets -€8,461
down €8,461 (-4.6%), from €185,428 to €176,967
of which Land and buildings: -€20,297
Equity and liabilities
- Other debts +€57,977
up €57,977 (+93.6%), from €61,936 to €119,913
- Reserves -€37,004
down €37,004 (-31.1%), from €118,905 to €81,901
of which Distributable reserves: -€32,954
- Profit (loss) carried forward +€16,235
up €16,235 (+22.3%), from €72,704 to €88,939
- Provisions +€13,650
up €13,650 (+534%), from €2,556 to €16,206
of which Provisions for liabilities and charges: +€15,000
- Tax, wage and social debts -€10,709
down €10,709 (-30.5%), from €35,095 to €24,387
of which Taxes: -€8,504
Income statement
- Gross operating margin +€15,616
up €15,616 (+10.3%), from €151,219 to €166,835
- Staff costs -€4,602
down €4,602 (-6.3%), from €72,806 to €68,205
- Depreciation +€2,524
up €2,524 (+5.8%), from €43,423 to €45,946
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
€18,041
Gross operating margin
+€15,616
Staff costs
+€4,602
Depreciation
-€2,524
Other operating charges
+€833
Other operating items
-€15,000
Financial income
+€359
Financial charges
+€80
Taxes
+€178
Result 2025
€22,185
raises the resultlowers the resultnot broken down further in the accounts
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
+€126,069
Investment
-€37,486
Financing
-€46,526
Cash 2024
€65,471
From operations (derived)
+€126,069
Net result for the year
+€22,185
Depreciation
+€45,946
Stocks and contracts
-€11,571
Receivables within one year
+€10,048
Deferred charges and accrued income
+€2,240
Provisions
+€13,650
Trade debts
-€3,697
Tax, wage and social debts
-€10,709
Other debts
+€57,977
Investment (derived)
-€37,486
Investment in fixed assets (net)
-€37,486
Financing
-€46,526
Debts after one year
-€6,807
Current portion of long-term debt
+€3,235
Contributions, distributions and other
-€42,954
Cash 2025
€107,528
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €403,321 | €436,200 | +€32,880 | +8.2% |
| Fixed assets | 21/28 | €185,614 | €177,154 | -€8,461 | -4.6% |
| Tangible fixed assets | 22/27 | €185,428 | €176,967 | -€8,461 | -4.6% |
| Land and buildings | 22 | €130,666 | €110,369 | -€20,297 | -15.5% |
| Plant, machinery and equipment | 23 | €35,740 | €31,892 | -€3,849 | -10.8% |
| Furniture and vehicles | 24 | €19,022 | €34,707 | +€15,685 | +82.5% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €217,706 | €259,047 | +€41,341 | +19.0% |
| Stocks and contracts in progress | 3 | €110,400 | €121,971 | +€11,571 | +10.5% |
| Stocks | 30/36 | €110,400 | €121,971 | +€11,571 | +10.5% |
| Amounts receivable within one year | 40/41 | €36,310 | €26,262 | -€10,048 | -27.7% |
| Trade receivables | 40 | €33,390 | €15,879 | -€17,511 | -52.4% |
| Other amounts receivable | 41 | €2,920 | €10,383 | +€7,463 | +256% |
| Cash at bank and in hand | 54/58 | €65,471 | €107,528 | +€42,057 | +64.2% |
| Deferred charges and accrued income | 490/1 | €5,526 | €3,286 | -€2,240 | -40.5% |
| Total equity and liabilities | 10/49 | €403,321 | €436,200 | +€32,880 | +8.2% |
| Equity | 10/15 | €200,285 | €179,516 | -€20,769 | -10.4% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €118,905 | €81,901 | -€37,004 | -31.1% |
| Tax-exempt reserves | 132 | €10,050 | €6,000 | -€4,050 | -40.3% |
| Distributable reserves | 133 | €108,855 | €75,901 | -€32,954 | -30.3% |
| Profit (loss) carried forward | 14 | €72,704 | €88,939 | +€16,235 | +22.3% |
| Provisions and deferred taxes | 16 | €2,556 | €16,206 | +€13,650 | +534% |
| Provisions for liabilities and charges | 160/5 | - | €15,000 | +€15,000 | |
| Other liabilities and charges | 164/5 | - | €15,000 | +€15,000 | |
| Deferred taxes | 168 | €2,556 | €1,206 | -€1,350 | -52.8% |
| Amounts payable | 17/49 | €200,479 | €240,478 | +€39,999 | +20.0% |
| Amounts payable after more than one year | 17 | €50,634 | €43,827 | -€6,807 | -13.4% |
| Financial debts | 170/4 | €50,634 | €43,827 | -€6,807 | -13.4% |
| Amounts payable within one year | 42/48 | €149,440 | €196,246 | +€46,806 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €17,383 | €20,619 | +€3,235 | +18.6% |
| Trade debts | 44 | €35,025 | €31,328 | -€3,697 | -10.6% |
| Suppliers | 440/4 | €35,025 | €31,328 | -€3,697 | -10.6% |
| Taxes, remuneration and social security | 45 | €35,095 | €24,387 | -€10,709 | -30.5% |
| Taxes | 450/3 | €23,659 | €15,155 | -€8,504 | -35.9% |
| Remuneration and social security | 454/9 | €11,437 | €9,232 | -€2,205 | -19.3% |
| Other amounts payable | 47/48 | €61,936 | €119,913 | +€57,977 | +93.6% |
| Accrued charges and deferred income | 492/3 | €405 | €405 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €72,806 | €68,205 | -€4,602 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,423 | €45,946 | +€2,524 | +5.8% |
| Other operating charges | 640/8 | €4,352 | €3,518 | -€833 | -19.1% |
| Non-recurring operating charges | 66A | - | €15,000 | +€15,000 | |
| Gross operating margin | 9900 | €151,219 | €166,835 | +€15,616 | +10.3% |
| Operating profit (loss) | 9901 | €30,638 | €34,166 | +€3,527 | +11.5% |
| Financial income | 75/76B | €519 | €877 | +€359 | +69.1% |
| Recurring financial income | 75 | €519 | €41 | -€478 | -92.1% |
| Non-recurring financial income | 76B | - | €836 | +€836 | |
| Financial charges | 65/66B | €3,681 | €3,601 | -€80 | -2.2% |
| Recurring financial charges | 65 | €3,681 | €3,601 | -€80 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €27,476 | €31,442 | +€3,966 | +14.4% |
| Transfer from deferred taxes | 780 | €1,350 | €1,350 | = | 0.0% |
| Income taxes | 67/77 | €10,785 | €10,607 | -€178 | -1.7% |
| Profit (loss) for the period | 9904 | €18,041 | €22,185 | +€4,144 | +23.0% |
| Transfer from tax-exempt reserves | 789 | €4,050 | €4,050 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,091 | €26,235 | +€4,144 | +18.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.