Here are some short lessons in Dutch by Theodore Westerhof, dutch speaker and frequenter of the Friesian YahooGroup where these lessons were originally posted.
Lesson 1: The most important words of all
Paard = Horse
Hengst = Stallion
Merrie = Mare
Veulen = Foal
Hengstveulen = Colt
Merrieveulen = Filly
We see that Dutch can form new words by combining existing ones, just like German.
[A guide to pronunciation & spelling]