WeST: 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.
WeST
Largest movements
- Receivables within one year +€9,312
up €9,312 (+103.1%), from €9,032 to €18,343
of which Other amounts receivable: +€18,296
- Cash -€5,067
down €5,067 (-3.3%), from €153,698 to €148,631
mainly Receivables within one year (-€9,312) and Tax, wage and social debts (-€8,532)
- Reserves +€12,015
up €12,015 (+9.1%), from €131,685 to €143,700
of which Distributable reserves: +€12,015
- Tax, wage and social debts -€8,532
down €8,532 (-82.6%), from €10,329 to €1,797
of which Taxes: -€6,482
- Gross operating margin -€13,059
down €13,059 (-44.4%), from €29,406 to €16,347
- Taxes -€3,504
down €3,504 (-43.7%), from €8,010 to €4,506
- Financial income +€408
up €408 (+35.3%), from €1,156 to €1,564
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 | €164,185 | €167,944 | +€3,760 | +2.3% |
| Fixed assets | 21/28 | €1,455 | €970 | -€485 | -33.3% |
| Tangible fixed assets | 22/27 | €1,455 | €970 | -€485 | -33.3% |
| Other tangible fixed assets | 26 | €1,455 | €970 | -€485 | -33.3% |
| Current assets | 29/58 | €162,730 | €166,974 | +€4,245 | +2.6% |
| Amounts receivable within one year | 40/41 | €9,032 | €18,343 | +€9,312 | +103.1% |
| Trade receivables | 40 | €8,984 | €0 | -€8,984 | -100.0% |
| Other amounts receivable | 41 | €47 | €18,343 | +€18,296 | +38550.4% |
| Cash at bank and in hand | 54/58 | €153,698 | €148,631 | -€5,067 | -3.3% |
| Total equity and liabilities | 10/49 | €164,185 | €167,944 | +€3,760 | +2.3% |
| Equity | 10/15 | €153,647 | €165,662 | +€12,015 | +7.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €131,685 | €143,700 | +€12,015 | +9.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €131,685 | €143,700 | +€12,015 | +9.1% |
| Profit (loss) carried forward | 14 | €1,962 | €1,962 | = | 0.0% |
| Amounts payable | 17/49 | €10,538 | €2,283 | -€8,255 | -78.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,538 | €2,283 | -€8,255 | -78.3% |
| Trade debts | 44 | €192 | €486 | +€294 | +153.4% |
| Suppliers | 440/4 | €192 | €486 | +€294 | +153.4% |
| Taxes, remuneration and social security | 45 | €10,329 | €1,797 | -€8,532 | -82.6% |
| Taxes | 450/3 | €8,279 | €1,797 | -€6,482 | -78.3% |
| Remuneration and social security | 454/9 | €2,050 | €0 | -€2,050 | -100.0% |
| Other amounts payable | 47/48 | €17 | €0 | -€17 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €485 | €485 | = | 0.0% |
| Other operating charges | 640/8 | €615 | €626 | +€11 | +1.8% |
| Gross operating margin | 9900 | €29,406 | €16,347 | -€13,059 | -44.4% |
| Operating profit (loss) | 9901 | €28,306 | €15,236 | -€13,070 | -46.2% |
| Financial income | 75/76B | €1,156 | €1,564 | +€408 | +35.3% |
| Recurring financial income | 75 | €1,156 | €1,564 | +€408 | +35.3% |
| Financial charges | 65/66B | €92 | €279 | +€186 | +202.2% |
| Recurring financial charges | 65 | €92 | €279 | +€186 | +202.2% |
| Profit (loss) for the period before taxes | 9903 | €29,369 | €16,521 | -€12,848 | -43.7% |
| Income taxes | 67/77 | €8,010 | €4,506 | -€3,504 | -43.7% |
| Profit (loss) for the period | 9904 | €21,359 | €12,015 | -€9,344 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,359 | €12,015 | -€9,344 | -43.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.