VT Equestrian: what changed
Two fiscal 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.
VT Equestrian
Largest movements
- Receivables within one year +€186,525
up €186,525 (+37.2%), from €501,407 to €687,933
- Other debts +€172,560
up €172,560 (+87.7%), from €196,869 to €369,428
- Profit (loss) carried forward -€126,345
down €126,345 (-18.9%), from -€669,923 to -€796,267
- Trade debts +€119,231
up €119,231 (+16.5%), from €721,664 to €840,895
- Gross operating margin +€54,554
up €54,554, from -€19,721 to €34,832
- Staff costs -€38,356
down €38,356 (-96.6%), from €39,702 to €1,346
- Financial charges +€27,094
up €27,094 (+26019.8%), from €104 to €27,199
- Other operating charges -€7,861
down €7,861 (-48.8%), from €16,108 to €8,246
- Depreciation +€3,479
up €3,479 (+2.9%), from €120,908 to €124,387
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,909,792 | €5,093,249 | +€183,457 | +3.7% |
| Fixed assets | 21/28 | €4,406,088 | €4,386,377 | -€19,711 | -0.4% |
| Tangible fixed assets | 22/27 | €4,405,438 | €4,385,727 | -€19,711 | -0.4% |
| Land and buildings | 22 | €4,315,221 | €4,310,239 | -€4,982 | -0.1% |
| Plant, machinery and equipment | 23 | €60,948 | €50,385 | -€10,563 | -17.3% |
| Furniture and vehicles | 24 | €29,269 | €25,103 | -€4,166 | -14.2% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €503,704 | €706,873 | +€203,168 | +40.3% |
| Amounts receivable within one year | 40/41 | €501,407 | €687,933 | +€186,525 | +37.2% |
| Trade receivables | 40 | €501,407 | €687,933 | +€186,525 | +37.2% |
| Cash at bank and in hand | 54/58 | €2,297 | €1,773 | -€524 | -22.8% |
| Deferred charges and accrued income | 490/1 | - | €17,167 | +€17,167 | |
| Total equity and liabilities | 10/49 | €4,909,792 | €5,093,249 | +€183,457 | +3.7% |
| Equity | 10/15 | -€644,923 | -€771,267 | -€126,345 | -19.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€669,923 | -€796,267 | -€126,345 | -18.9% |
| Amounts payable | 17/49 | €5,554,715 | €5,864,517 | +€309,801 | +5.6% |
| Amounts payable after more than one year | 17 | €4,467,159 | €4,467,159 | = | 0.0% |
| Other amounts payable | 178/9 | €4,467,159 | €4,467,159 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,087,557 | €1,397,358 | +€309,801 | +28.5% |
| Trade debts | 44 | €721,664 | €840,895 | +€119,231 | +16.5% |
| Suppliers | 440/4 | €721,664 | €840,895 | +€119,231 | +16.5% |
| Taxes, remuneration and social security | 45 | €169,024 | €187,035 | +€18,011 | +10.7% |
| Taxes | 450/3 | €46,695 | €72,354 | +€25,659 | +54.9% |
| Remuneration and social security | 454/9 | €122,328 | €114,681 | -€7,647 | -6.3% |
| Other amounts payable | 47/48 | €196,869 | €369,428 | +€172,560 | +87.7% |
| Non-recurring operating income | 76A | - | €16,310 | +€16,310 | |
| Remuneration, social security and pensions | 62 | €39,702 | €1,346 | -€38,356 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,908 | €124,387 | +€3,479 | +2.9% |
| Other operating charges | 640/8 | €16,108 | €8,246 | -€7,861 | -48.8% |
| Gross operating margin | 9900 | -€19,721 | €34,832 | +€54,554 | |
| Operating profit (loss) | 9901 | -€196,439 | -€99,146 | +€97,292 | +49.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +3900.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +3900.0% |
| Financial charges | 65/66B | €104 | €27,199 | +€27,094 | +26019.8% |
| Recurring financial charges | 65 | €104 | €27,199 | +€27,094 | +26019.8% |
| Profit (loss) for the period before taxes | 9903 | -€196,543 | -€126,345 | +€70,198 | +35.7% |
| Profit (loss) for the period | 9904 | -€196,543 | -€126,345 | +€70,198 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€196,543 | -€126,345 | +€70,198 | +35.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.