TAKIROU: 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
TAKIROU
NACE 93.127, Equestrian clubs
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26,955
2024 · -€19,224+€46,179
Equity
€146,057
2024 · €119,102+€26,955
Cash
€14,664
2024 · €10,812+€3,851
Balance sheet total
€452,550
2024 · €475,097-€22,547
Largest movements
Assets
- Tangible fixed assets -€23,920
down €23,920 (-6.3%), from €378,864 to €354,944
of which Land and buildings: -€20,776
Equity and liabilities
- Profit (loss) carried forward +€26,955
up €26,955 (+42.2%), from €63,941 to €90,896
- Trade debts -€24,324
down €24,324 (-51.2%), from €47,515 to €23,191
- Debts after one year -€21,692
down €21,692 (-11.8%), from €184,325 to €162,633
Income statement
- Gross operating margin +€48,689
up €48,689 (+74.0%), from €65,811 to €114,500
- Staff costs +€7,089
up €7,089 (+19.0%), from €37,379 to €44,467
- Financial charges -€5,217
down €5,217 (-40.1%), from €13,013 to €7,796
- Depreciation -€2,490
down €2,490 (-7.3%), from €34,083 to €31,593
- Taxes +€2,294
up €2,294 (+73.6%), from €3,117 to €5,411
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
-€19,224
Gross operating margin
+€48,689
Staff costs
-€7,089
Depreciation
+€2,490
Other operating charges
-€558
Financial income
-€275
Financial charges
+€5,217
Taxes
-€2,294
Result 2025
€26,955
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
+€32,467
Investment
-€7,673
Financing
-€20,942
Cash 2024
€10,812
From operations (derived)
+€32,467
Net result for the year
+€26,955
Depreciation
+€31,593
Receivables after one year
+€2,525
Receivables within one year
-€400
Deferred charges and accrued income
+€353
Trade debts
-€24,324
Tax, wage and social debts
+€1,838
Advances received
-€1,590
Other debts
-€4,484
Investment (derived)
-€7,673
Investment in fixed assets (net)
-€7,673
Financing
-€20,942
Debts after one year
-€21,692
Current portion of long-term debt
+€750
Cash 2025
€14,664
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €475,097 | €452,550 | -€22,547 | -4.7% |
| Fixed assets | 21/28 | €378,989 | €355,069 | -€23,920 | -6.3% |
| Tangible fixed assets | 22/27 | €378,864 | €354,944 | -€23,920 | -6.3% |
| Land and buildings | 22 | €304,831 | €284,055 | -€20,776 | -6.8% |
| Plant, machinery and equipment | 23 | €45,607 | €40,075 | -€5,532 | -12.1% |
| Furniture and vehicles | 24 | - | €3,938 | +€3,938 | |
| Leasing and similar rights | 25 | €27,891 | €26,341 | -€1,549 | -5.6% |
| Other tangible fixed assets | 26 | €535 | €535 | = | 0.0% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €96,108 | €97,481 | +€1,374 | +1.4% |
| Amounts receivable after more than one year | 29 | €81,448 | €78,922 | -€2,525 | -3.1% |
| Other amounts receivable | 291 | €81,448 | €78,922 | -€2,525 | -3.1% |
| Amounts receivable within one year | 40/41 | €1,043 | €1,443 | +€400 | +38.3% |
| Trade receivables | 40 | €1,043 | €1,443 | +€400 | +38.3% |
| Cash at bank and in hand | 54/58 | €10,812 | €14,664 | +€3,851 | +35.6% |
| Deferred charges and accrued income | 490/1 | €2,805 | €2,452 | -€353 | -12.6% |
| Total equity and liabilities | 10/49 | €475,097 | €452,550 | -€22,547 | -4.7% |
| Equity | 10/15 | €119,102 | €146,057 | +€26,955 | +22.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €36,411 | €36,411 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,411 | €1,411 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,411 | €1,411 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,941 | €90,896 | +€26,955 | +42.2% |
| Amounts payable | 17/49 | €355,995 | €306,493 | -€49,502 | -13.9% |
| Amounts payable after more than one year | 17 | €184,325 | €162,633 | -€21,692 | -11.8% |
| Financial debts | 170/4 | €184,325 | €162,633 | -€21,692 | -11.8% |
| Amounts payable within one year | 42/48 | €171,670 | €143,860 | -€27,810 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €20,942 | €21,692 | +€750 | +3.6% |
| Trade debts | 44 | €47,515 | €23,191 | -€24,324 | -51.2% |
| Suppliers | 440/4 | €47,515 | €23,191 | -€24,324 | -51.2% |
| Advances received on contracts in progress | 46 | €1,590 | - | -€1,590 | |
| Taxes, remuneration and social security | 45 | €18,734 | €20,572 | +€1,838 | +9.8% |
| Taxes | 450/3 | €14,112 | €15,834 | +€1,723 | +12.2% |
| Remuneration and social security | 454/9 | €4,622 | €4,737 | +€115 | +2.5% |
| Other amounts payable | 47/48 | €82,889 | €78,405 | -€4,484 | -5.4% |
| Remuneration, social security and pensions | 62 | €37,379 | €44,467 | +€7,089 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,083 | €31,593 | -€2,490 | -7.3% |
| Other operating charges | 640/8 | €2,140 | €2,698 | +€558 | +26.1% |
| Gross operating margin | 9900 | €65,811 | €114,500 | +€48,689 | +74.0% |
| Operating profit (loss) | 9901 | -€7,791 | €35,741 | +€43,532 | |
| Financial income | 75/76B | €4,697 | €4,422 | -€275 | -5.9% |
| Recurring financial income | 75 | €4,697 | €4,422 | -€275 | -5.9% |
| Financial charges | 65/66B | €13,013 | €7,796 | -€5,217 | -40.1% |
| Recurring financial charges | 65 | €13,013 | €7,796 | -€5,217 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,107 | €32,367 | +€48,474 | |
| Income taxes | 67/77 | €3,117 | €5,411 | +€2,294 | +73.6% |
| Profit (loss) for the period | 9904 | -€19,224 | €26,955 | +€46,179 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,224 | €26,955 | +€46,179 |
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 17 October 2026 via checked.be.