YT 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.
YT HORSES
Largest movements
- Stocks and contracts -€40,806
down €40,806 (-62.0%), from €65,827 to €25,021
- Cash +€13,503
up €13,503 (+1,148%), from €1,176 to €14,679
mainly Stocks and contracts (+€40,806)
- Profit (loss) carried forward -€23,150
down €23,150 (-350%), from -€6,618 to -€29,767
- Trade debts -€3,011
down €3,011 (-94.5%), from €3,187 to €176
- Other debts -€792
down €792 (-1.2%), from €66,667 to €65,875
- Gross operating margin -€17,219
down €17,219 (-313%), from -€5,508 to -€22,728
- Depreciation -€1,083
down €1,083 (-100%), from €1,083 to €0
- Other operating charges +€268
new in 2025: €268
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 | €68,236 | €41,283 | -€26,953 | -39.5% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €68,236 | €41,283 | -€26,953 | -39.5% |
| Stocks and contracts in progress | 3 | €65,827 | €25,021 | -€40,806 | -62.0% |
| Stocks | 30/36 | €65,827 | €25,021 | -€40,806 | -62.0% |
| Amounts receivable within one year | 40/41 | €1,233 | €1,583 | +€350 | +28.4% |
| Trade receivables | 40 | - | €963 | +€963 | |
| Other amounts receivable | 41 | €1,233 | €620 | -€613 | -49.7% |
| Cash at bank and in hand | 54/58 | €1,176 | €14,679 | +€13,503 | +1,148% |
| Total equity and liabilities | 10/49 | €68,236 | €41,283 | -€26,953 | -39.5% |
| Equity | 10/15 | -€1,618 | -€24,767 | -€23,150 | -1,431% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,618 | -€29,767 | -€23,150 | -350% |
| Amounts payable | 17/49 | €69,854 | €66,051 | -€3,803 | -5.4% |
| Amounts payable within one year | 42/48 | €69,854 | €66,051 | -€3,803 | -5.4% |
| Trade debts | 44 | €3,187 | €176 | -€3,011 | -94.5% |
| Suppliers | 440/4 | €3,187 | €176 | -€3,011 | -94.5% |
| Other amounts payable | 47/48 | €66,667 | €65,875 | -€792 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,083 | €0 | -€1,083 | -100% |
| Other operating charges | 640/8 | - | €268 | +€268 | |
| Gross operating margin | 9900 | -€5,508 | -€22,728 | -€17,219 | -313% |
| Operating profit (loss) | 9901 | -€6,592 | -€22,996 | -€16,405 | -249% |
| Financial charges | 65/66B | €26 | €154 | +€128 | +492% |
| Recurring financial charges | 65 | €26 | €154 | +€128 | +492% |
| Profit (loss) for the period before taxes | 9903 | -€6,618 | -€23,150 | -€16,532 | -250% |
| Profit (loss) for the period | 9904 | -€6,618 | -€23,150 | -€16,532 | -250% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,618 | -€23,150 | -€16,532 | -250% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.