West & Berg: 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 & Berg
Largest movements
- Cash +€13,498
up €13,498 (+7,021%), from €192 to €13,690
mainly Net result for the year (+€15,756) and Other debts (+€281)
- Receivables within one year +€2,029
up €2,029 (+124%), from €1,642 to €3,671
of which Trade receivables: +€1,948
- Profit (loss) carried forward +€15,756
up €15,756 (+71.6%), from -€22,006 to -€6,250
- Trade debts -€510
down €510 (-36.3%), from €1,405 to €895
- Gross operating margin +€21,984
up €21,984, from -€1,856 to €20,128
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 | €19,114 | €34,641 | +€15,527 | +81.2% |
| Current assets | 29/58 | €19,114 | €34,641 | +€15,527 | +81.2% |
| Stocks and contracts in progress | 3 | €17,280 | €17,280 | = | 0.0% |
| Stocks | 30/36 | €17,280 | €17,280 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,642 | €3,671 | +€2,029 | +124% |
| Trade receivables | 40 | €1,625 | €3,573 | +€1,948 | +120% |
| Other amounts receivable | 41 | €17 | €98 | +€81 | +486% |
| Cash at bank and in hand | 54/58 | €192 | €13,690 | +€13,498 | +7,021% |
| Total equity and liabilities | 10/49 | €19,114 | €34,641 | +€15,527 | +81.2% |
| Equity | 10/15 | -€15,506 | €250 | +€15,756 | |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,006 | -€6,250 | +€15,756 | +71.6% |
| Amounts payable | 17/49 | €34,620 | €34,391 | -€229 | -0.7% |
| Amounts payable within one year | 42/48 | €34,620 | €34,391 | -€229 | -0.7% |
| Trade debts | 44 | €1,405 | €895 | -€510 | -36.3% |
| Suppliers | 440/4 | €1,405 | €895 | -€510 | -36.3% |
| Other amounts payable | 47/48 | €33,215 | €33,496 | +€281 | +0.8% |
| Other operating charges | 640/8 | €189 | €78 | -€111 | -58.8% |
| Non-recurring operating charges | 66A | €116 | €4,222 | +€4,106 | +3,527% |
| Gross operating margin | 9900 | -€1,856 | €20,128 | +€21,984 | |
| Operating profit (loss) | 9901 | -€2,161 | €15,828 | +€17,989 | |
| Financial income | 75/76B | €75 | €0 | -€75 | -99.7% |
| Recurring financial income | 75 | €75 | €0 | -€75 | -99.7% |
| Financial charges | 65/66B | €185 | €72 | -€113 | -60.9% |
| Recurring financial charges | 65 | €185 | €72 | -€113 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,271 | €15,756 | +€18,027 | |
| Profit (loss) for the period | 9904 | -€2,271 | €15,756 | +€18,027 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,271 | €15,756 | +€18,027 |
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 16 October 2026 via checked.be.