Whyley’s Stables: what changed
Whyley’s Stables
Largest movements
- Receivables within one year +€64,234
up €64,234 (+302%), from €21,256 to €85,490
of which Trade receivables: +€62,613
- Tangible fixed assets +€47,839
up €47,839 (+177%), from €27,015 to €74,854
of which Furniture and vehicles: +€48,549
- Stocks and contracts -€46,087
down €46,087 (-46.1%), from €99,925 to €53,838
- Cash -€41,918
down €41,918 (-88.3%), from €47,486 to €5,568
mainly Receivables within one year (-€64,234) and Investment in fixed assets (net) (-€62,640)
- Trade debts +€30,878
up €30,878 (+40.0%), from €77,137 to €108,015
- Debts after one year -€7,700
down €7,700 (-24.6%), from €31,301 to €23,600
- Reserves +€5,739
up €5,739 (+17.6%), from €32,563 to €38,302
- Tax, wage and social debts -€4,849
down €4,849 (-16.7%), from €28,989 to €24,140
of which Taxes: -€5,052
- Gross operating margin -€35,737
down €35,737 (-38.4%), from €93,080 to €57,344
- Taxes -€12,408
down €12,408 (-75.9%), from €16,357 to €3,949
- Depreciation +€6,795
up €6,795 (+84.9%), from €8,006 to €14,801
- Staff costs -€3,772
down €3,772 (-11.4%), from €32,980 to €29,208
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 | €195,683 | €219,750 | +€24,068 | +12.3% |
| Fixed assets | 21/28 | €27,015 | €74,854 | +€47,839 | +177% |
| Tangible fixed assets | 22/27 | €27,015 | €74,854 | +€47,839 | +177% |
| Plant, machinery and equipment | 23 | €3,650 | €3,244 | -€406 | -11.1% |
| Furniture and vehicles | 24 | €22,974 | €71,523 | +€48,549 | +211% |
| Leasing and similar rights | 25 | €391 | €87 | -€304 | -77.8% |
| Current assets | 29/58 | €168,668 | €144,896 | -€23,772 | -14.1% |
| Stocks and contracts in progress | 3 | €99,925 | €53,838 | -€46,087 | -46.1% |
| Stocks | 30/36 | €99,925 | €53,838 | -€46,087 | -46.1% |
| Amounts receivable within one year | 40/41 | €21,256 | €85,490 | +€64,234 | +302% |
| Trade receivables | 40 | €15,300 | €77,913 | +€62,613 | +409% |
| Other amounts receivable | 41 | €5,956 | €7,577 | +€1,621 | +27.2% |
| Cash at bank and in hand | 54/58 | €47,486 | €5,568 | -€41,918 | -88.3% |
| Total equity and liabilities | 10/49 | €195,683 | €219,750 | +€24,068 | +12.3% |
| Equity | 10/15 | €58,257 | €63,995 | +€5,739 | +9.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,563 | €38,302 | +€5,739 | +17.6% |
| Distributable reserves | 133 | €32,563 | €38,302 | +€5,739 | +17.6% |
| Profit (loss) carried forward | 14 | €20,693 | €20,693 | = | 0.0% |
| Amounts payable | 17/49 | €137,426 | €155,755 | +€18,329 | +13.3% |
| Amounts payable after more than one year | 17 | €31,301 | €23,600 | -€7,700 | -24.6% |
| Other amounts payable | 178/9 | €31,301 | €23,600 | -€7,700 | -24.6% |
| Amounts payable within one year | 42/48 | €106,125 | €132,155 | +€26,029 | +24.5% |
| Trade debts | 44 | €77,137 | €108,015 | +€30,878 | +40.0% |
| Suppliers | 440/4 | €77,137 | €108,015 | +€30,878 | +40.0% |
| Taxes, remuneration and social security | 45 | €28,989 | €24,140 | -€4,849 | -16.7% |
| Taxes | 450/3 | €24,865 | €19,813 | -€5,052 | -20.3% |
| Remuneration and social security | 454/9 | €4,124 | €4,327 | +€203 | +4.9% |
| Remuneration, social security and pensions | 62 | €32,980 | €29,208 | -€3,772 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,006 | €14,801 | +€6,795 | +84.9% |
| Other operating charges | 640/8 | €3,099 | €3,454 | +€354 | +11.4% |
| Gross operating margin | 9900 | €93,080 | €57,344 | -€35,737 | -38.4% |
| Operating profit (loss) | 9901 | €48,994 | €9,881 | -€39,113 | -79.8% |
| Financial charges | 65/66B | €74 | €194 | +€119 | +161% |
| Recurring financial charges | 65 | €74 | €194 | +€119 | +161% |
| Profit (loss) for the period before taxes | 9903 | €48,920 | €9,687 | -€39,233 | -80.2% |
| Income taxes | 67/77 | €16,357 | €3,949 | -€12,408 | -75.9% |
| Profit (loss) for the period | 9904 | €32,563 | €5,739 | -€26,825 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,563 | €5,739 | -€26,825 | -82.4% |
Next steps
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 2 November 2026 via checked.be.