WEST CONSULTING: what changed
WEST CONSULTING
Largest movements
- Receivables within one year +€90,513
up €90,513 (+24.0%), from €377,027 to €467,540
of which Trade receivables: +€87,354
- Deferred charges and accrued income -€59,649
down €59,649 (-88.5%), from €67,389 to €7,740
- Stocks and contracts -€42,820
down €42,820 (-18.8%), from €227,681 to €184,861
- Cash -€18,970
down €18,970 (-93.8%), from €20,220 to €1,250
mainly Net result for the year (-€97,340) and Receivables within one year (-€90,513)
- Reserves -€96,369
down €96,369 (-44.3%), from €217,373 to €121,004
of which Distributable reserves: -€96,369
- Trade debts +€68,222
up €68,222 (+94.3%), from €72,319 to €140,541
- Gross operating margin -€151,485
down €151,485 (-22.8%), from €665,044 to €513,559
- Staff costs -€40,348
down €40,348 (-6.3%), from €637,924 to €597,576
- Depreciation -€10,141
down €10,141 (-78.0%), from €13,005 to €2,864
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €733,426 | €701,436 | -€31,990 | -4.4% |
| Fixed assets | 21/28 | €41,109 | €40,045 | -€1,064 | -2.6% |
| Tangible fixed assets | 22/27 | €41,109 | €40,045 | -€1,064 | -2.6% |
| Land and buildings | 22 | €34,085 | €34,085 | +€0 | 0.0% |
| Plant, machinery and equipment | 23 | €5,884 | €4,229 | -€1,655 | -28.1% |
| Furniture and vehicles | 24 | €1,140 | €1,731 | +€591 | +51.8% |
| Current assets | 29/58 | €692,317 | €661,391 | -€30,926 | -4.5% |
| Stocks and contracts in progress | 3 | €227,681 | €184,861 | -€42,820 | -18.8% |
| Stocks | 30/36 | €227,681 | €184,861 | -€42,820 | -18.8% |
| Amounts receivable within one year | 40/41 | €377,027 | €467,540 | +€90,513 | +24.0% |
| Trade receivables | 40 | €376,035 | €463,389 | +€87,354 | +23.2% |
| Other amounts receivable | 41 | €992 | €4,151 | +€3,159 | +318% |
| Cash at bank and in hand | 54/58 | €20,220 | €1,250 | -€18,970 | -93.8% |
| Deferred charges and accrued income | 490/1 | €67,389 | €7,740 | -€59,649 | -88.5% |
| Total equity and liabilities | 10/49 | €733,426 | €701,436 | -€31,990 | -4.4% |
| Equity | 10/15 | €590,184 | €492,844 | -€97,340 | -16.5% |
| Contributions | 10/11 | €371,840 | €371,840 | +€0 | 0.0% |
| Reserves | 13 | €217,373 | €121,004 | -€96,369 | -44.3% |
| Tax-exempt reserves | 132 | €11,100 | €11,100 | = | 0.0% |
| Distributable reserves | 133 | €206,273 | €109,904 | -€96,369 | -46.7% |
| Profit (loss) carried forward | 14 | €971 | €0 | -€971 | -100% |
| Amounts payable | 17/49 | €143,242 | €208,592 | +€65,350 | +45.6% |
| Amounts payable within one year | 42/48 | €143,242 | €208,592 | +€65,350 | +45.6% |
| Trade debts | 44 | €72,319 | €140,541 | +€68,222 | +94.3% |
| Suppliers | 440/4 | €72,319 | €140,541 | +€68,222 | +94.3% |
| Advances received on contracts in progress | 46 | €7,500 | €12,120 | +€4,620 | +61.6% |
| Taxes, remuneration and social security | 45 | €30,891 | €27,360 | -€3,531 | -11.4% |
| Taxes | 450/3 | €4,581 | €5,391 | +€810 | +17.7% |
| Remuneration and social security | 454/9 | €26,310 | €21,970 | -€4,340 | -16.5% |
| Other amounts payable | 47/48 | €32,532 | €28,571 | -€3,961 | -12.2% |
| Remuneration, social security and pensions | 62 | €637,924 | €597,576 | -€40,348 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,005 | €2,864 | -€10,141 | -78.0% |
| Other operating charges | 640/8 | €6,787 | €6,618 | -€169 | -2.5% |
| Gross operating margin | 9900 | €665,044 | €513,559 | -€151,485 | -22.8% |
| Operating profit (loss) | 9901 | €7,328 | -€93,500 | -€100,828 | |
| Financial income | 75/76B | €6 | €98 | +€92 | +1,538% |
| Recurring financial income | 75 | €6 | €98 | +€92 | +1,538% |
| Financial charges | 65/66B | €1,782 | €1,785 | +€3 | +0.2% |
| Recurring financial charges | 65 | €1,782 | €1,785 | +€3 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €5,552 | -€95,186 | -€100,738 | |
| Income taxes | 67/77 | €4,581 | €2,154 | -€2,427 | -53.0% |
| Profit (loss) for the period | 9904 | €971 | -€97,340 | -€98,311 | |
| Profit (loss) for the period to be appropriated | 9905 | €971 | -€97,340 | -€98,311 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.