Mploy Westerlo: what changed
Two fiscal 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.
Mploy Westerlo
Largest movements
- Receivables within one year -€143,830
down €143,830 (-34.9%), from €412,342 to €268,511
of which Trade receivables: -€84,964
- Deferred charges and accrued income +€134,562
up €134,562 (+610.8%), from €22,029 to €156,591
- Tangible fixed assets -€32,811
down €32,811 (-19.3%), from €170,074 to €137,263
of which Other tangible fixed assets: -€31,404
- Cash -€32,685
down €32,685 (-25.2%), from €129,706 to €97,020
mainly Other debts (-€145,209) and Deferred charges and accrued income (-€134,562)
- Other debts -€145,209
down €145,209 (-94.1%), from €154,337 to €9,128
- Reserves +€55,582
up €55,582 (+18.7%), from €297,527 to €353,108
of which Distributable reserves: +€60,382
- Trade debts +€40,144
up €40,144 (+27.7%), from €144,710 to €184,854
- Debts after one year -€29,546
down €29,546 (-92.3%), from €32,014 to €2,468
- Advances received +€8,894
up €8,894 (+1304.2%), from €682 to €9,576
- Gross operating margin -€66,070
down €66,070 (-17.5%), from €376,518 to €310,448
- Staff costs +€21,439
up €21,439 (+15.5%), from €138,433 to €159,872
- Taxes +€17,143
up €17,143 (+211.1%), from €8,121 to €25,263
- Depreciation -€5,519
down €5,519 (-12.6%), from €43,946 to €38,427
- Other operating charges +€4,180
up €4,180 (+144.2%), from €2,898 to €7,078
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.
Cash bridge derived
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 | €746,155 | €676,629 | -€69,525 | -9.3% |
| Fixed assets | 21/28 | €182,078 | €154,507 | -€27,571 | -15.1% |
| Intangible fixed assets | 21 | €12,004 | €17,244 | +€5,239 | +43.6% |
| Tangible fixed assets | 22/27 | €170,074 | €137,263 | -€32,811 | -19.3% |
| Furniture and vehicles | 24 | €6,402 | €4,996 | -€1,407 | -22.0% |
| Other tangible fixed assets | 26 | €163,671 | €132,268 | -€31,404 | -19.2% |
| Current assets | 29/58 | €564,077 | €522,123 | -€41,954 | -7.4% |
| Amounts receivable within one year | 40/41 | €412,342 | €268,511 | -€143,830 | -34.9% |
| Trade receivables | 40 | €350,922 | €265,959 | -€84,964 | -24.2% |
| Other amounts receivable | 41 | €61,420 | €2,553 | -€58,867 | -95.8% |
| Cash at bank and in hand | 54/58 | €129,706 | €97,020 | -€32,685 | -25.2% |
| Deferred charges and accrued income | 490/1 | €22,029 | €156,591 | +€134,562 | +610.8% |
| Total equity and liabilities | 10/49 | €746,155 | €676,629 | -€69,525 | -9.3% |
| Equity | 10/15 | €345,527 | €401,108 | +€55,582 | +16.1% |
| Contributions | 10/11 | €48,000 | €48,000 | = | 0.0% |
| Reserves | 13 | €297,527 | €353,108 | +€55,582 | +18.7% |
| Non-distributable reserves | 130/1 | €4,800 | - | -€4,800 | |
| Reserves not available under the articles | 1311 | €4,800 | - | -€4,800 | |
| Distributable reserves | 133 | €292,727 | €353,108 | +€60,382 | +20.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €400,628 | €275,521 | -€125,107 | -31.2% |
| Amounts payable after more than one year | 17 | €32,014 | €2,468 | -€29,546 | -92.3% |
| Financial debts | 170/4 | €32,014 | €2,468 | -€29,546 | -92.3% |
| Amounts payable within one year | 42/48 | €368,614 | €271,412 | -€97,202 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €29,207 | €29,546 | +€339 | +1.2% |
| Trade debts | 44 | €144,710 | €184,854 | +€40,144 | +27.7% |
| Suppliers | 440/4 | €144,710 | €184,854 | +€40,144 | +27.7% |
| Advances received on contracts in progress | 46 | €682 | €9,576 | +€8,894 | +1304.2% |
| Taxes, remuneration and social security | 45 | €39,679 | €38,308 | -€1,371 | -3.5% |
| Taxes | 450/3 | €24,719 | €24,015 | -€704 | -2.8% |
| Remuneration and social security | 454/9 | €14,960 | €14,293 | -€667 | -4.5% |
| Other amounts payable | 47/48 | €154,337 | €9,128 | -€145,209 | -94.1% |
| Accrued charges and deferred income | 492/3 | - | €1,641 | +€1,641 | |
| Remuneration, social security and pensions | 62 | €138,433 | €159,872 | +€21,439 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,946 | €38,427 | -€5,519 | -12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,688 | €12,807 | -€2,881 | -18.4% |
| Other operating charges | 640/8 | €2,898 | €7,078 | +€4,180 | +144.2% |
| Gross operating margin | 9900 | €376,518 | €310,448 | -€66,070 | -17.5% |
| Operating profit (loss) | 9901 | €175,552 | €92,263 | -€83,289 | -47.4% |
| Financial income | 75/76B | €1,946 | €760 | -€1,186 | -60.9% |
| Recurring financial income | 75 | €1,946 | €760 | -€1,186 | -60.9% |
| Financial charges | 65/66B | €1,358 | €839 | -€519 | -38.2% |
| Recurring financial charges | 65 | €1,358 | €839 | -€519 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €176,140 | €92,184 | -€83,956 | -47.7% |
| Income taxes | 67/77 | €8,121 | €25,263 | +€17,143 | +211.1% |
| Profit (loss) for the period | 9904 | €168,020 | €66,921 | -€101,099 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €168,020 | €66,921 | -€101,099 | -60.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.