Van Hasselt Horses: 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.
Van Hasselt Horses
Largest movements
- Cash +€6,879
up €6,879 (+1,773%), from €388 to €7,267
mainly Net result for the year (+€7,091) and Tax, wage and social debts (+€1,773)
- Receivables within one year +€602
up €602 (+112%), from €535 to €1,137
of which Trade receivables: +€615
- Profit (loss) carried forward +€7,091
up €7,091 (+9.4%), from -€75,555 to -€68,465
- Other debts -€2,291
down €2,291 (-6.9%), from €33,203 to €30,911
- Tax, wage and social debts +€1,773
new in 2025: €1,773
- Trade debts +€908
up €908, from €0 to €908
- Gross operating margin +€10,931
up €10,931, from -€3,103 to €7,829
- Other operating charges -€301
down €301 (-31.0%), from €970 to €669
- Financial charges -€115
down €115 (-62.6%), from €184 to €69
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €923 | €8,403 | +€7,480 | +810% |
| Current assets | 29/58 | €923 | €8,403 | +€7,480 | +810% |
| Amounts receivable within one year | 40/41 | €535 | €1,137 | +€602 | +112% |
| Trade receivables | 40 | €521 | €1,137 | +€615 | +118% |
| Other amounts receivable | 41 | €14 | €0 | -€14 | -100% |
| Cash at bank and in hand | 54/58 | €388 | €7,267 | +€6,879 | +1,773% |
| Total equity and liabilities | 10/49 | €923 | €8,403 | +€7,480 | +810% |
| Equity | 10/15 | -€32,280 | -€25,189 | +€7,091 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,676 | €24,676 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,676 | €24,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,555 | -€68,465 | +€7,091 | +9.4% |
| Amounts payable | 17/49 | €33,203 | €33,592 | +€389 | +1.2% |
| Amounts payable within one year | 42/48 | €33,203 | €33,592 | +€389 | +1.2% |
| Trade debts | 44 | €0 | €908 | +€908 | |
| Suppliers | 440/4 | €0 | €908 | +€908 | |
| Taxes, remuneration and social security | 45 | - | €1,773 | +€1,773 | |
| Taxes | 450/3 | - | €1,773 | +€1,773 | |
| Other amounts payable | 47/48 | €33,203 | €30,911 | -€2,291 | -6.9% |
| Other operating charges | 640/8 | €970 | €669 | -€301 | -31.0% |
| Gross operating margin | 9900 | -€3,103 | €7,829 | +€10,931 | |
| Operating profit (loss) | 9901 | -€4,072 | €7,160 | +€11,232 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €184 | €69 | -€115 | -62.6% |
| Recurring financial charges | 65 | €184 | €69 | -€115 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,257 | €7,091 | +€11,348 | |
| Profit (loss) for the period | 9904 | -€4,257 | €7,091 | +€11,348 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,257 | €7,091 | +€11,348 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.