Sweet Horses: what changed
Sweet Horses
Largest movements
- Receivables within one year +€19,569
up €19,569 (+307%), from €6,380 to €25,949
of which Trade receivables: +€19,337
- Tangible fixed assets -€559
down €559 (-12.6%), from €4,426 to €3,867
of which Plant, machinery and equipment: -€1,044
- Trade debts +€18,885
up €18,885 (+119,301%), from €16 to €18,901
- Profit (loss) carried forward +€692
up €692 (+6.0%), from -€11,603 to -€10,912
- Gross operating margin +€12,588
up €12,588, from -€6,930 to €5,659
- Financial income -€1,010
down €1,010 (-99.9%), from €1,012 to €1
- Financial charges -€706
down €706 (-22.1%), from €3,197 to €2,491
- Other operating charges +€380
up €380 (+81.6%), from €466 to €846
- Staff costs -€209
down €209 (-100%), from €209 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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,807 | €29,817 | +€19,010 | +176% |
| Fixed assets | 21/28 | €4,426 | €3,867 | -€559 | -12.6% |
| Tangible fixed assets | 22/27 | €4,426 | €3,867 | -€559 | -12.6% |
| Plant, machinery and equipment | 23 | €3,418 | €2,375 | -€1,044 | -30.5% |
| Furniture and vehicles | 24 | €1,008 | €1,493 | +€485 | +48.1% |
| Current assets | 29/58 | €6,380 | €25,949 | +€19,569 | +307% |
| Amounts receivable within one year | 40/41 | €6,380 | €25,949 | +€19,569 | +307% |
| Trade receivables | 40 | €875 | €20,212 | +€19,337 | +2,210% |
| Other amounts receivable | 41 | €5,505 | €5,737 | +€232 | +4.2% |
| Total equity and liabilities | 10/49 | €10,807 | €29,817 | +€19,010 | +176% |
| Equity | 10/15 | -€9,425 | -€8,733 | +€692 | +7.3% |
| Contributions | 10/11 | €2,178 | €2,178 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,603 | -€10,912 | +€692 | +6.0% |
| Amounts payable | 17/49 | €20,232 | €38,550 | +€18,318 | +90.5% |
| Amounts payable within one year | 42/48 | €20,232 | €38,550 | +€18,318 | +90.5% |
| Financial debts | 43 | €19,942 | €19,649 | -€294 | -1.5% |
| Credit institutions | 430/8 | €19,942 | €19,649 | -€294 | -1.5% |
| Trade debts | 44 | €16 | €18,901 | +€18,885 | +119,301% |
| Suppliers | 440/4 | €16 | €18,901 | +€18,885 | +119,301% |
| Taxes, remuneration and social security | 45 | €274 | €0 | -€274 | -100% |
| Taxes | 450/3 | €274 | €0 | -€274 | -100% |
| Remuneration, social security and pensions | 62 | €209 | €0 | -€209 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,814 | €1,632 | -€182 | -10.0% |
| Other operating charges | 640/8 | €466 | €846 | +€380 | +81.6% |
| Gross operating margin | 9900 | -€6,930 | €5,659 | +€12,588 | |
| Operating profit (loss) | 9901 | -€9,418 | €3,181 | +€12,599 | |
| Financial income | 75/76B | €1,012 | €1 | -€1,010 | -99.9% |
| Recurring financial income | 75 | €1,012 | €1 | -€1,010 | -99.9% |
| Financial charges | 65/66B | €3,197 | €2,491 | -€706 | -22.1% |
| Recurring financial charges | 65 | €3,197 | €2,491 | -€706 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,603 | €692 | +€12,295 | |
| Profit (loss) for the period | 9904 | -€11,603 | €692 | +€12,295 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,603 | €692 | +€12,295 |
Next steps
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 6 November 2026 via checked.be.