WeSt: 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.
WeSt
Largest movements
- Cash +€22,700
up €22,700 (+100%), from €22,642 to €45,342
mainly Net result for the year (+€12,844) and Debts after one year (+€7,208)
- Receivables within one year -€1,079
down €1,079 (-10.3%), from €10,469 to €9,390
- Profit (loss) carried forward +€12,844
up €12,844 (+69.1%), from €18,599 to €31,443
- Debts after one year +€7,208
up €7,208 (+154%), from €4,683 to €11,891
- Tax, wage and social debts +€4,872
up €4,872 (+66.6%), from €7,314 to €12,185
- Trade debts -€4,165
down €4,165 (-81.3%), from €5,125 to €960
- Financial charges +€8,584
up €8,584 (+38.8%), from €22,129 to €30,714
- Taxes -€1,316
down €1,316 (-22.5%), from €5,850 to €4,534
- Gross operating margin +€1,127
up €1,127 (+2.4%), from €47,629 to €48,756
- Other operating charges -€513
down €513 (-73.1%), from €701 to €189
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 | €38,221 | €58,980 | +€20,758 | +54.3% |
| Fixed assets | 21/28 | €1,924 | €1,446 | -€478 | -24.8% |
| Tangible fixed assets | 22/27 | €1,924 | €1,446 | -€478 | -24.8% |
| Plant, machinery and equipment | 23 | €1,924 | €1,446 | -€478 | -24.8% |
| Current assets | 29/58 | €36,297 | €57,533 | +€21,236 | +58.5% |
| Amounts receivable within one year | 40/41 | €10,469 | €9,390 | -€1,079 | -10.3% |
| Trade receivables | 40 | €10,469 | €9,390 | -€1,079 | -10.3% |
| Cash at bank and in hand | 54/58 | €22,642 | €45,342 | +€22,700 | +100% |
| Deferred charges and accrued income | 490/1 | €3,187 | €2,802 | -€385 | -12.1% |
| Total equity and liabilities | 10/49 | €38,221 | €58,980 | +€20,758 | +54.3% |
| Equity | 10/15 | €21,099 | €33,943 | +€12,844 | +60.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,599 | €31,443 | +€12,844 | +69.1% |
| Amounts payable | 17/49 | €17,122 | €25,036 | +€7,915 | +46.2% |
| Amounts payable after more than one year | 17 | €4,683 | €11,891 | +€7,208 | +154% |
| Other amounts payable | 178/9 | €4,683 | €11,891 | +€7,208 | +154% |
| Amounts payable within one year | 42/48 | €12,439 | €13,145 | +€706 | +5.7% |
| Trade debts | 44 | €5,125 | €960 | -€4,165 | -81.3% |
| Suppliers | 440/4 | €5,125 | €960 | -€4,165 | -81.3% |
| Taxes, remuneration and social security | 45 | €7,314 | €12,185 | +€4,872 | +66.6% |
| Taxes | 450/3 | €7,314 | €12,185 | +€4,872 | +66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €478 | +€12 | +2.7% |
| Other operating charges | 640/8 | €701 | €189 | -€513 | -73.1% |
| Gross operating margin | 9900 | €47,629 | €48,756 | +€1,127 | +2.4% |
| Operating profit (loss) | 9901 | €46,462 | €48,089 | +€1,627 | +3.5% |
| Financial income | 75/76B | €117 | €2 | -€115 | -98.0% |
| Recurring financial income | 75 | €117 | €2 | -€115 | -98.0% |
| Financial charges | 65/66B | €22,129 | €30,714 | +€8,584 | +38.8% |
| Recurring financial charges | 65 | €22,129 | €30,714 | +€8,584 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €24,450 | €17,378 | -€7,072 | -28.9% |
| Income taxes | 67/77 | €5,850 | €4,534 | -€1,316 | -22.5% |
| Profit (loss) for the period | 9904 | €18,599 | €12,844 | -€5,756 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,599 | €12,844 | -€5,756 | -30.9% |
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 22 October 2026 via checked.be.