WESTBURY STABLES: what changed
WESTBURY STABLES
Largest movements
- Receivables within one year -€234,552
down €234,552 (-67.1%), from €349,476 to €114,924
of which Trade receivables: -€250,223
- Stocks and contracts -€176,000
down €176,000 (-19.4%), from €907,571 to €731,571
- Cash -€53,966
down €53,966 (-75.9%), from €71,127 to €17,162
mainly Debts after one year (-€160,350) and Contributions, distributions and other (-€135,580)
- Debts after one year -€160,350
down €160,350 (-14.4%), from €1.1m to €950,517
- Reserves -€135,580
down €135,580 (-65.1%), from €208,228 to €72,647
- Profit (loss) carried forward -€118,008
new in 2025: -€118,008
- Tax, wage and social debts -€59,443
down €59,443 (-75.1%), from €79,106 to €19,663
of which Taxes: -€53,668
- Gross operating margin -€421,101
down €421,101, from €390,780 to -€30,321
- Staff costs -€85,223
down €85,223 (-85.6%), from €99,535 to €14,311
- Taxes -€13,649
down €13,649 (-22.1%), from €61,779 to €48,130
- Other operating charges -€8,092
down €8,092 (-77.0%), from €10,504 to €2,412
- Depreciation +€5,497
up €5,497 (+33.0%), from €16,638 to €22,135
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,464,388 | €992,895 | -€471,493 | -32.2% |
| Fixed assets | 21/28 | €128,498 | €120,293 | -€8,205 | -6.4% |
| Tangible fixed assets | 22/27 | €126,498 | €118,293 | -€8,205 | -6.5% |
| Furniture and vehicles | 24 | €126,498 | €118,293 | -€8,205 | -6.5% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,335,889 | €872,602 | -€463,288 | -34.7% |
| Stocks and contracts in progress | 3 | €907,571 | €731,571 | -€176,000 | -19.4% |
| Stocks | 30/36 | €907,571 | €731,571 | -€176,000 | -19.4% |
| Amounts receivable within one year | 40/41 | €349,476 | €114,924 | -€234,552 | -67.1% |
| Trade receivables | 40 | €301,989 | €51,767 | -€250,223 | -82.9% |
| Other amounts receivable | 41 | €47,487 | €63,158 | +€15,671 | +33.0% |
| Cash at bank and in hand | 54/58 | €71,127 | €17,162 | -€53,966 | -75.9% |
| Deferred charges and accrued income | 490/1 | €7,714 | €8,944 | +€1,230 | +15.9% |
| Total equity and liabilities | 10/49 | €1,464,388 | €992,895 | -€471,493 | -32.2% |
| Equity | 10/15 | €258,228 | €4,640 | -€253,588 | -98.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €208,228 | €72,647 | -€135,580 | -65.1% |
| Distributable reserves | 133 | €208,228 | €72,647 | -€135,580 | -65.1% |
| Profit (loss) carried forward | 14 | - | -€118,008 | -€118,008 | |
| Amounts payable | 17/49 | €1,206,160 | €988,255 | -€217,905 | -18.1% |
| Amounts payable after more than one year | 17 | €1,110,867 | €950,517 | -€160,350 | -14.4% |
| Financial debts | 170/4 | €1,110,867 | €950,517 | -€160,350 | -14.4% |
| Amounts payable within one year | 42/48 | €95,293 | €37,738 | -€57,555 | -60.4% |
| Trade debts | 44 | €16,187 | €18,076 | +€1,889 | +11.7% |
| Suppliers | 440/4 | €16,187 | €18,076 | +€1,889 | +11.7% |
| Taxes, remuneration and social security | 45 | €79,106 | €19,663 | -€59,443 | -75.1% |
| Taxes | 450/3 | €73,331 | €19,663 | -€53,668 | -73.2% |
| Remuneration and social security | 454/9 | €5,775 | €0 | -€5,775 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €39 | +€39 | |
| Remuneration, social security and pensions | 62 | €99,535 | €14,311 | -€85,223 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,638 | €22,135 | +€5,497 | +33.0% |
| Other operating charges | 640/8 | €10,504 | €2,412 | -€8,092 | -77.0% |
| Gross operating margin | 9900 | €390,780 | -€30,321 | -€421,101 | |
| Operating profit (loss) | 9901 | €264,103 | -€69,179 | -€333,282 | |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.7% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.7% |
| Financial charges | 65/66B | €1,009 | €699 | -€310 | -30.7% |
| Recurring financial charges | 65 | €1,009 | €699 | -€310 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €263,103 | -€69,878 | -€332,981 | |
| Income taxes | 67/77 | €61,779 | €48,130 | -€13,649 | -22.1% |
| Profit (loss) for the period | 9904 | €201,325 | -€118,008 | -€319,332 | |
| Profit (loss) for the period to be appropriated | 9905 | €201,325 | -€118,008 | -€319,332 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.