YOUNG 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.
YOUNG HORSES
Largest movements
- Tangible fixed assets -€10,305
down €10,305 (-39.6%), from €26,004 to €15,699
of which Furniture and vehicles: -€8,690
- Deferred charges and accrued income -€1,159
down €1,159 (-75.4%), from €1,537 to €378
- Cash -€396
down €396 (-26.7%), from €1,486 to €1,090
mainly Debts after one year (-€6,314) and Net result for the year (-€5,807)
- Debts after one year -€6,314
down €6,314 (-36.5%), from €17,291 to €10,977
of which Financial debts: -€6,000
- Profit (loss) carried forward -€5,807
down €5,807 (-48.4%), from €11,997 to €6,190
- Turnover +€15,237
new in 2023: €15,237
- Gross operating margin +€10,589
up €10,589, from -€4,614 to €5,974
- Purchases and services +€1,639
up €1,639 (+21.5%), from €7,624 to €9,263
- Depreciation +€917
up €917 (+9.8%), from €9,389 to €10,305
- Other operating charges +€596
up €596 (+73.1%), from €815 to €1,410
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,288 | €17,167 | -€12,121 | -41.4% |
| Fixed assets | 21/28 | €26,004 | €15,699 | -€10,305 | -39.6% |
| Tangible fixed assets | 22/27 | €26,004 | €15,699 | -€10,305 | -39.6% |
| Plant, machinery and equipment | 23 | €6,355 | €4,740 | -€1,616 | -25.4% |
| Furniture and vehicles | 24 | €19,649 | €10,959 | -€8,690 | -44.2% |
| Current assets | 29/58 | €3,284 | €1,468 | -€1,816 | -55.3% |
| Amounts receivable within one year | 40/41 | €260 | - | -€260 | |
| Trade receivables | 40 | €260 | - | -€260 | |
| Cash at bank and in hand | 54/58 | €1,486 | €1,090 | -€396 | -26.7% |
| Deferred charges and accrued income | 490/1 | €1,537 | €378 | -€1,159 | -75.4% |
| Total equity and liabilities | 10/49 | €29,288 | €17,167 | -€12,121 | -41.4% |
| Equity | 10/15 | €11,997 | €6,190 | -€5,807 | -48.4% |
| Profit (loss) carried forward | 14 | €11,997 | €6,190 | -€5,807 | -48.4% |
| Amounts payable | 17/49 | €17,291 | €10,977 | -€6,314 | -36.5% |
| Amounts payable after more than one year | 17 | €17,291 | €10,977 | -€6,314 | -36.5% |
| Financial debts | 170/4 | €6,000 | - | -€6,000 | |
| Trade debts | 175 | €634 | €473 | -€161 | -25.4% |
| Other amounts payable | 178/9 | €10,658 | €10,504 | -€153 | -1.4% |
| Turnover | 70 | - | €15,237 | +€15,237 | |
| Goods, raw materials, services and sundry goods | 60/61 | €7,624 | €9,263 | +€1,639 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,389 | €10,305 | +€917 | +9.8% |
| Other operating charges | 640/8 | €815 | €1,410 | +€596 | +73.1% |
| Gross operating margin | 9900 | -€4,614 | €5,974 | +€10,589 | |
| Operating profit (loss) | 9901 | -€14,818 | -€5,742 | +€9,076 | +61.3% |
| Financial income | 75/76B | €32 | - | -€32 | |
| Recurring financial income | 75 | €32 | - | -€32 | |
| Financial charges | 65/66B | €65 | €65 | = | 0.0% |
| Recurring financial charges | 65 | €65 | €65 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,851 | -€5,807 | +€9,044 | +60.9% |
| Profit (loss) for the period | 9904 | -€14,851 | -€5,807 | +€9,044 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,851 | -€5,807 | +€9,044 | +60.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.