Butterfly Stables: what changed
What changed
Butterfly Stables
NACE 47.762, Retail sale of pets, pet food and pet supplies
filed annual accounts (NBB)
Net result for the year
-€168,982
2024 · -€115,758-€53,223
Equity
-€386,291
2024 · -€217,309-€168,982
Cash
€6,042
2024 · €2,178+€3,864
Balance sheet total
€744,964
2024 · €764,124-€19,160
Largest movements
Assets
- Receivables within one year -€54,051
down €54,051 (-91.2%), from €59,279 to €5,227
of which Trade receivables: -€54,344
- Tangible fixed assets +€32,110
up €32,110 (+4.6%), from €699,558 to €731,669
of which Other tangible fixed assets: +€39,399
Equity and liabilities
- Debts after one year +€218,877
up €218,877 (+27.7%), from €789,790 to €1.0m
of which Other amounts payable: +€297,709
- Profit (loss) carried forward -€168,982
down €168,982 (-74.3%), from -€227,309 to -€396,291
- Trade debts -€65,404
down €65,404 (-72.5%), from €90,264 to €24,860
Income statement
- Gross operating margin -€30,450
down €30,450 (-57.5%), from €52,981 to €22,530
- Depreciation +€15,598
up €15,598 (+18.3%), from €85,044 to €100,642
- Staff costs +€8,131
up €8,131 (+11.2%), from €72,836 to €80,967
- Financial charges -€981
down €981 (-9.4%), from €10,431 to €9,450
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€115,758
Gross operating margin
-€30,450
Staff costs
-€8,131
Depreciation
-€15,598
Other operating charges
-€24
Financial income
-€1
Financial charges
+€981
Result 2025
-€168,982
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€83,209
Investment
-€132,752
Financing
+€219,826
Cash 2024
€2,178
From operations (derived)
-€83,209
Net result for the year
-€168,982
Depreciation
+€100,642
Receivables within one year
+€54,051
Deferred charges and accrued income
+€1,084
Trade debts
-€65,404
Tax, wage and social debts
-€111
Other debts
+€1,112
Accrued charges and deferred income
-€5,600
Investment (derived)
-€132,752
Investment in fixed assets (net)
-€132,752
Financing
+€219,826
Debts after one year
+€218,877
Current portion of long-term debt
+€948
Cash 2025
€6,042
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €764,124 | €744,964 | -€19,160 | -2.5% |
| Fixed assets | 21/28 | €699,610 | €731,721 | +€32,110 | +4.6% |
| Tangible fixed assets | 22/27 | €699,558 | €731,669 | +€32,110 | +4.6% |
| Land and buildings | 22 | - | €18,400 | +€18,400 | |
| Plant, machinery and equipment | 23 | €52,413 | €47,812 | -€4,601 | -8.8% |
| Furniture and vehicles | 24 | €72,649 | €51,561 | -€21,088 | -29.0% |
| Other tangible fixed assets | 26 | €574,497 | €613,896 | +€39,399 | +6.9% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €64,513 | €13,243 | -€51,270 | -79.5% |
| Amounts receivable within one year | 40/41 | €59,279 | €5,227 | -€54,051 | -91.2% |
| Trade receivables | 40 | €59,274 | €4,929 | -€54,344 | -91.7% |
| Other amounts receivable | 41 | €5 | €298 | +€293 | +6,031% |
| Cash at bank and in hand | 54/58 | €2,178 | €6,042 | +€3,864 | +177% |
| Deferred charges and accrued income | 490/1 | €3,057 | €1,973 | -€1,084 | -35.4% |
| Total equity and liabilities | 10/49 | €764,124 | €744,964 | -€19,160 | -2.5% |
| Equity | 10/15 | -€217,309 | -€386,291 | -€168,982 | -77.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€227,309 | -€396,291 | -€168,982 | -74.3% |
| Amounts payable | 17/49 | €981,433 | €1,131,255 | +€149,822 | +15.3% |
| Amounts payable after more than one year | 17 | €789,790 | €1,008,667 | +€218,877 | +27.7% |
| Financial debts | 170/4 | €789,790 | €710,959 | -€78,831 | -10.0% |
| Other amounts payable | 178/9 | - | €297,709 | +€297,709 | |
| Amounts payable within one year | 42/48 | €173,643 | €110,188 | -€63,455 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €23,883 | €24,831 | +€948 | +4.0% |
| Trade debts | 44 | €90,264 | €24,860 | -€65,404 | -72.5% |
| Suppliers | 440/4 | €90,264 | €24,860 | -€65,404 | -72.5% |
| Taxes, remuneration and social security | 45 | €8,681 | €8,570 | -€111 | -1.3% |
| Taxes | 450/3 | €8,681 | €2,780 | -€5,901 | -68.0% |
| Remuneration and social security | 454/9 | - | €5,790 | +€5,790 | |
| Other amounts payable | 47/48 | €50,815 | €51,926 | +€1,112 | +2.2% |
| Accrued charges and deferred income | 492/3 | €18,000 | €12,400 | -€5,600 | -31.1% |
| Non-recurring operating income | 76A | - | €14,900 | +€14,900 | |
| Remuneration, social security and pensions | 62 | €72,836 | €80,967 | +€8,131 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,044 | €100,642 | +€15,598 | +18.3% |
| Other operating charges | 640/8 | €434 | €459 | +€24 | +5.6% |
| Gross operating margin | 9900 | €52,981 | €22,530 | -€30,450 | -57.5% |
| Operating profit (loss) | 9901 | -€105,334 | -€159,537 | -€54,204 | -51.5% |
| Financial income | 75/76B | €7 | €6 | -€1 | -14.4% |
| Recurring financial income | 75 | €7 | €6 | -€1 | -14.4% |
| Financial charges | 65/66B | €10,431 | €9,450 | -€981 | -9.4% |
| Recurring financial charges | 65 | €10,431 | €9,450 | -€981 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€115,758 | -€168,982 | -€53,223 | -46.0% |
| Profit (loss) for the period | 9904 | -€115,758 | -€168,982 | -€53,223 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€115,758 | -€168,982 | -€53,223 | -46.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.