DE WESTOEVER: 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 WESTOEVER
Largest movements
- Tangible fixed assets -€21,721
down €21,721 (-28.4%), from €76,608 to €54,887
of which Leasing and similar rights: -€22,000
- Cash -€11,177
down €11,177 (-84.5%), from €13,228 to €2,051
mainly Debts after one year (-€18,409) and Receivables within one year (-€11,030)
- Receivables within one year +€11,030
up €11,030 (+6.4%), from €172,541 to €183,572
of which Other amounts receivable: +€16,643
- Debts after one year -€18,409
down €18,409 (-42.2%), from €43,622 to €25,213
- Trade debts -€9,294
down €9,294 (-49.9%), from €18,622 to €9,328
- Profit (loss) carried forward +€8,102
up €8,102 (+2.8%), from -€286,488 to -€278,386
- Tax, wage and social debts -€3,473
down €3,473 (-25.5%), from €13,595 to €10,121
- Financial charges -€11,084
down €11,084 (-27.7%), from €39,977 to €28,893
- Gross operating margin +€5,080
up €5,080 (+8.9%), from €56,876 to €61,956
- Taxes -€4,045
down €4,045 (-100%), from €4,045 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €264,945 | €241,648 | -€23,298 | -8.8% |
| Fixed assets | 21/28 | €77,175 | €55,454 | -€21,721 | -28.1% |
| Tangible fixed assets | 22/27 | €76,608 | €54,887 | -€21,721 | -28.4% |
| Plant, machinery and equipment | 23 | - | €279 | +€279 | |
| Leasing and similar rights | 25 | €76,608 | €54,608 | -€22,000 | -28.7% |
| Financial fixed assets | 28 | €567 | €567 | = | 0.0% |
| Current assets | 29/58 | €187,770 | €186,194 | -€1,576 | -0.8% |
| Amounts receivable within one year | 40/41 | €172,541 | €183,572 | +€11,030 | +6.4% |
| Trade receivables | 40 | €20,351 | €14,738 | -€5,613 | -27.6% |
| Other amounts receivable | 41 | €152,190 | €168,834 | +€16,643 | +10.9% |
| Cash at bank and in hand | 54/58 | €13,228 | €2,051 | -€11,177 | -84.5% |
| Deferred charges and accrued income | 490/1 | €2,001 | €571 | -€1,430 | -71.5% |
| Total equity and liabilities | 10/49 | €264,945 | €241,648 | -€23,298 | -8.8% |
| Equity | 10/15 | €132,259 | €140,362 | +€8,102 | +6.1% |
| Contributions | 10/11 | €418,600 | €418,600 | = | 0.0% |
| Contributions outside capital | 11 | €418,600 | - | -€418,600 | |
| Other | 1109/19 | €418,600 | - | -€418,600 | |
| Reserves | 13 | €147 | €147 | = | 0.0% |
| Non-distributable reserves | 130/1 | €147 | €147 | = | 0.0% |
| Reserves not available under the articles | 1311 | €147 | €147 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€286,488 | -€278,386 | +€8,102 | +2.8% |
| Amounts payable | 17/49 | €132,686 | €101,286 | -€31,400 | -23.7% |
| Amounts payable after more than one year | 17 | €43,622 | €25,213 | -€18,409 | -42.2% |
| Financial debts | 170/4 | €43,622 | €25,213 | -€18,409 | -42.2% |
| Amounts payable within one year | 42/48 | €87,598 | €75,599 | -€11,999 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €19,722 | €18,409 | -€1,313 | -6.7% |
| Financial debts | 43 | €29,245 | €30,926 | +€1,681 | +5.7% |
| Credit institutions | 430/8 | €29,245 | €30,926 | +€1,681 | +5.7% |
| Trade debts | 44 | €18,622 | €9,328 | -€9,294 | -49.9% |
| Suppliers | 440/4 | €18,622 | €9,328 | -€9,294 | -49.9% |
| Taxes, remuneration and social security | 45 | €13,595 | €10,121 | -€3,473 | -25.5% |
| Taxes | 450/3 | €13,595 | €10,121 | -€3,473 | -25.5% |
| Other amounts payable | 47/48 | €6,414 | €6,814 | +€400 | +6.2% |
| Accrued charges and deferred income | 492/3 | €1,466 | €474 | -€992 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,000 | €22,010 | +€10 | 0.0% |
| Other operating charges | 640/8 | €845 | €646 | -€199 | -23.6% |
| Non-recurring operating charges | 66A | - | €2,305 | +€2,305 | |
| Gross operating margin | 9900 | €56,876 | €61,956 | +€5,080 | +8.9% |
| Operating profit (loss) | 9901 | €34,031 | €36,996 | +€2,964 | +8.7% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €39,977 | €28,893 | -€11,084 | -27.7% |
| Recurring financial charges | 65 | €39,977 | €28,893 | -€11,084 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,943 | €8,102 | +€14,046 | |
| Income taxes | 67/77 | €4,045 | €0 | -€4,045 | -100% |
| Profit (loss) for the period | 9904 | -€9,988 | €8,102 | +€18,091 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,988 | €8,102 | +€18,091 |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.