Stud de Huffelen: 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.
Stud de Huffelen
Largest movements
- Stocks and contracts -€8,705
down €8,705 (-7.1%), from €121,878 to €113,173
- Cash +€3,192
up €3,192 (+22.9%), from €13,912 to €17,104
mainly Accrued charges and deferred income (+€9,000) and Stocks and contracts (+€8,705)
- Receivables within one year -€2,053
down €2,053 (-10.0%), from €20,574 to €18,521
of which Trade receivables: -€2,049
- Accrued charges and deferred income +€9,000
up €9,000, from €0 to €9,000
- Reserves -€6,004
down €6,004 (-68.6%), from €8,747 to €2,743
- Trade debts -€5,315
down €5,315 (-38.2%), from €13,897 to €8,582
- Tax, wage and social debts -€3,843
down €3,843 (-62.8%), from €6,124 to €2,281
- Other debts -€3,139
down €3,139 (-3.8%), from €82,149 to €79,010
- Gross operating margin -€1,992
down €1,992 (-319%), from -€625 to -€2,617
- Other operating charges +€794
up €794 (+287%), from €277 to €1,071
- Depreciation -€252
down €252 (-12.3%), from €2,056 to €1,804
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 | €162,917 | €153,616 | -€9,301 | -5.7% |
| Fixed assets | 21/28 | €5,916 | €4,111 | -€1,804 | -30.5% |
| Intangible fixed assets | 21 | €2,891 | €2,550 | -€340 | -11.8% |
| Tangible fixed assets | 22/27 | €3,025 | €1,561 | -€1,464 | -48.4% |
| Plant, machinery and equipment | 23 | €2,777 | €1,561 | -€1,216 | -43.8% |
| Furniture and vehicles | 24 | €248 | €0 | -€248 | -100% |
| Current assets | 29/58 | €157,001 | €149,505 | -€7,497 | -4.8% |
| Stocks and contracts in progress | 3 | €121,878 | €113,173 | -€8,705 | -7.1% |
| Stocks | 30/36 | €121,878 | €113,173 | -€8,705 | -7.1% |
| Amounts receivable within one year | 40/41 | €20,574 | €18,521 | -€2,053 | -10.0% |
| Trade receivables | 40 | €20,570 | €18,521 | -€2,049 | -10.0% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100% |
| Cash at bank and in hand | 54/58 | €13,912 | €17,104 | +€3,192 | +22.9% |
| Deferred charges and accrued income | 490/1 | €636 | €706 | +€70 | +11.0% |
| Total equity and liabilities | 10/49 | €162,917 | €153,616 | -€9,301 | -5.7% |
| Equity | 10/15 | €10,747 | €4,743 | -€6,004 | -55.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €8,747 | €2,743 | -€6,004 | -68.6% |
| Distributable reserves | 133 | €8,747 | €2,743 | -€6,004 | -68.6% |
| Amounts payable | 17/49 | €152,170 | €148,873 | -€3,297 | -2.2% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €102,170 | €89,873 | -€12,297 | -12.0% |
| Trade debts | 44 | €13,897 | €8,582 | -€5,315 | -38.2% |
| Suppliers | 440/4 | €13,897 | €8,582 | -€5,315 | -38.2% |
| Taxes, remuneration and social security | 45 | €6,124 | €2,281 | -€3,843 | -62.8% |
| Taxes | 450/3 | €6,124 | €2,281 | -€3,843 | -62.8% |
| Other amounts payable | 47/48 | €82,149 | €79,010 | -€3,139 | -3.8% |
| Accrued charges and deferred income | 492/3 | €0 | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,056 | €1,804 | -€252 | -12.3% |
| Other operating charges | 640/8 | €277 | €1,071 | +€794 | +287% |
| Gross operating margin | 9900 | -€625 | -€2,617 | -€1,992 | -319% |
| Operating profit (loss) | 9901 | -€2,958 | -€5,492 | -€2,534 | -85.7% |
| Financial income | 75/76B | €0 | €13 | +€13 | |
| Recurring financial income | 75 | €0 | €13 | +€13 | |
| Financial charges | 65/66B | €522 | €524 | +€3 | +0.5% |
| Recurring financial charges | 65 | €522 | €524 | +€3 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,480 | -€6,004 | -€2,524 | -72.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,480 | -€6,004 | -€2,524 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,480 | -€6,004 | -€2,524 | -72.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.