DE WEST-HOEK: 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.
DE WEST-HOEK
Largest movements
- Intangible fixed assets -€744,974
down €744,974 (-100%), from €744,974 to €0
- Cash +€164,913
up €164,913 (+20,903%), from €789 to €165,702
mainly Investment in fixed assets (net) (+€788,530) and Net result for the year (+€511,357)
- Receivables within one year -€119,951
down €119,951 (-14.1%), from €847,840 to €727,889
of which Trade receivables: -€105,593
- Financial fixed assets -€43,557
down €43,557 (-100%), from €43,557 to €0
- Other debts -€1.3m
down €1.3m (-97.1%), from €1.3m to €38,203
- Reserves +€511,357
up €511,357 (+303%), from €168,890 to €680,246
of which Distributable reserves: +€511,357
- Tax, wage and social debts +€50,627
up €50,627 (+9,960%), from €508 to €51,136
of which Taxes: +€50,852
- Financial income +€1.3m
up €1.3m (+752,445%), from €171 to €1.3m
- Write-downs -€134,236
down €134,236 (-5,089%), from -€2,638 to -€136,873
- Depreciation -€132,173
down €132,173 (-100%), from €132,173 to €0
- Other operating charges +€108,669
up €108,669 (+2,766%), from €3,929 to €112,597
- Taxes +€51,136
up €51,136, from €0 to €51,136
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 | €1,637,160 | €893,591 | -€743,569 | -45.4% |
| Fixed assets | 21/28 | €788,530 | €0 | -€788,530 | -100% |
| Intangible fixed assets | 21 | €744,974 | €0 | -€744,974 | -100% |
| Financial fixed assets | 28 | €43,557 | €0 | -€43,557 | -100% |
| Current assets | 29/58 | €848,629 | €893,591 | +€44,962 | +5.3% |
| Amounts receivable within one year | 40/41 | €847,840 | €727,889 | -€119,951 | -14.1% |
| Trade receivables | 40 | €105,593 | €0 | -€105,593 | -100% |
| Other amounts receivable | 41 | €742,247 | €727,889 | -€14,358 | -1.9% |
| Cash at bank and in hand | 54/58 | €789 | €165,702 | +€164,913 | +20,903% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,637,160 | €893,591 | -€743,569 | -45.4% |
| Equity | 10/15 | €292,836 | €804,193 | +€511,357 | +175% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €168,890 | €680,246 | +€511,357 | +303% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €168,890 | €680,246 | +€511,357 | +303% |
| Amounts payable | 17/49 | €1,344,323 | €89,398 | -€1.3m | -93.3% |
| Amounts payable within one year | 42/48 | €1,344,323 | €89,398 | -€1.3m | -93.3% |
| Trade debts | 44 | €5,709 | €60 | -€5,650 | -99.0% |
| Suppliers | 440/4 | €5,709 | €60 | -€5,650 | -99.0% |
| Taxes, remuneration and social security | 45 | €508 | €51,136 | +€50,627 | +9,960% |
| Taxes | 450/3 | €283 | €51,136 | +€50,852 | +17,938% |
| Remuneration and social security | 454/9 | €225 | €0 | -€225 | -100% |
| Other amounts payable | 47/48 | €1,338,106 | €38,203 | -€1.3m | -97.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €929 | €0 | -€929 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,173 | €0 | -€132,173 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,638 | -€136,873 | -€134,236 | -5,089% |
| Other operating charges | 640/8 | €3,929 | €112,597 | +€108,669 | +2,766% |
| Non-recurring operating charges | 66A | €0 | €744,974 | +€744,974 | |
| Gross operating margin | 9900 | -€23,254 | -€4,378 | +€18,876 | +81.2% |
| Operating profit (loss) | 9901 | -€157,647 | -€725,076 | -€567,429 | -360% |
| Financial income | 75/76B | €171 | €1,290,088 | +€1.3m | +752,445% |
| Recurring financial income | 75 | €171 | €1,290,088 | +€1.3m | +752,445% |
| Financial charges | 65/66B | €37,963 | €2,520 | -€35,444 | -93.4% |
| Recurring financial charges | 65 | €37,963 | €2,520 | -€35,444 | -93.4% |
| Profit (loss) for the period before taxes | 9903 | -€195,439 | €562,492 | +€757,932 | |
| Income taxes | 67/77 | €0 | €51,136 | +€51,136 | |
| Profit (loss) for the period | 9904 | -€195,439 | €511,357 | +€706,796 | |
| Profit (loss) for the period to be appropriated | 9905 | -€195,439 | €511,357 | +€706,796 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.