WEST-DECO: what changed
What changed
WEST-DECO
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
filed annual accounts (NBB)
Net result for the year
€652,583
2024 · €417,139+€235,444
Equity
€2.3m
2024 · €1.7m+€552,583
Cash
€401,532
2024 · €124,687+€276,845
Balance sheet total
€2.9m
2024 · €2.2m+€649,021
Largest movements
Assets
- Cash +€276,845
up €276,845 (+222%), from €124,687 to €401,532
mainly Net result for the year (+€652,583) and Trade debts (+€93,850)
- Receivables within one year +€246,930
up €246,930 (+24.4%), from €1.0m to €1.3m
of which Trade receivables: +€147,553
- Stocks and contracts +€154,075
up €154,075 (+24.8%), from €621,439 to €775,514
- Tangible fixed assets -€48,860
down €48,860 (-11.3%), from €432,824 to €383,964
of which Furniture and vehicles: -€33,853
Equity and liabilities
- Reserves +€552,583
up €552,583 (+33.1%), from €1.7m to €2.2m
of which Tax-exempt reserves: +€357,850
- Trade debts +€93,850
up €93,850 (+64.2%), from €146,226 to €240,076
Income statement
- Gross operating margin +€345,723
up €345,723 (+19.9%), from €1.7m to €2.1m
- Taxes +€69,159
up €69,159 (+40.1%), from €172,511 to €241,670
- Staff costs +€33,275
up €33,275 (+3.3%), from €1.0m to €1.0m
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.
Result 2024
€417,139
Gross operating margin
+€345,723
Staff costs
-€33,275
Depreciation
-€10,416
Write-downs
-€4,021
Other operating charges
+€16,459
Other operating items
-€31,525
Financial income
+€19,074
Financial charges
+€2,583
Taxes
-€69,159
Result 2025
€652,583
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€450,961
Investment
-€31,428
Financing
-€142,688
Cash 2024
€124,687
From operations (derived)
+€450,961
Net result for the year
+€652,583
Depreciation
+€78,561
Stocks and contracts
-€154,075
Receivables within one year
-€246,930
Deferred charges and accrued income
-€18,304
Trade debts
+€93,850
Tax, wage and social debts
+€21,006
Accrued charges and deferred income
+€24,270
Investment (derived)
-€31,428
Investment in fixed assets (net)
-€31,428
Financing
-€142,688
Debts after one year
-€19,978
Current portion of long-term debt
-€22,710
Contributions, distributions and other
-€100,000
Cash 2025
€401,532
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,218,317 | €2,867,339 | +€649,021 | +29.3% |
| Fixed assets | 21/28 | €457,030 | €409,897 | -€47,132 | -10.3% |
| Intangible fixed assets | 21 | €24,205 | €25,933 | +€1,728 | +7.1% |
| Tangible fixed assets | 22/27 | €432,824 | €383,964 | -€48,860 | -11.3% |
| Land and buildings | 22 | €269,187 | €251,625 | -€17,562 | -6.5% |
| Plant, machinery and equipment | 23 | €25,677 | €28,231 | +€2,554 | +9.9% |
| Furniture and vehicles | 24 | €137,960 | €104,107 | -€33,853 | -24.5% |
| Current assets | 29/58 | €1,761,287 | €2,457,441 | +€696,154 | +39.5% |
| Stocks and contracts in progress | 3 | €621,439 | €775,514 | +€154,075 | +24.8% |
| Stocks | 30/36 | €621,439 | €775,514 | +€154,075 | +24.8% |
| Amounts receivable within one year | 40/41 | €1,013,465 | €1,260,395 | +€246,930 | +24.4% |
| Trade receivables | 40 | €523,810 | €671,363 | +€147,553 | +28.2% |
| Other amounts receivable | 41 | €489,656 | €589,033 | +€99,377 | +20.3% |
| Cash at bank and in hand | 54/58 | €124,687 | €401,532 | +€276,845 | +222% |
| Deferred charges and accrued income | 490/1 | €1,696 | €20,000 | +€18,304 | +1,079% |
| Total equity and liabilities | 10/49 | €2,218,317 | €2,867,339 | +€649,021 | +29.3% |
| Equity | 10/15 | €1,729,857 | €2,282,440 | +€552,583 | +31.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,667,883 | €2,220,466 | +€552,583 | +33.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,000 | €366,850 | +€357,850 | +3,976% |
| Distributable reserves | 133 | €1,652,686 | €1,847,419 | +€194,733 | +11.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €488,460 | €584,899 | +€96,439 | +19.7% |
| Amounts payable after more than one year | 17 | €19,978 | €0 | -€19,978 | -100% |
| Financial debts | 170/4 | €19,978 | €0 | -€19,978 | -100% |
| Amounts payable within one year | 42/48 | €458,825 | €550,971 | +€92,146 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €42,688 | €19,978 | -€22,710 | -53.2% |
| Trade debts | 44 | €146,226 | €240,076 | +€93,850 | +64.2% |
| Suppliers | 440/4 | €146,226 | €240,076 | +€93,850 | +64.2% |
| Taxes, remuneration and social security | 45 | €269,911 | €290,917 | +€21,006 | +7.8% |
| Taxes | 450/3 | €109,341 | €112,441 | +€3,099 | +2.8% |
| Remuneration and social security | 454/9 | €160,569 | €178,476 | +€17,907 | +11.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €9,657 | €33,928 | +€24,270 | +251% |
| Remuneration, social security and pensions | 62 | €1,010,006 | €1,043,282 | +€33,275 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,144 | €78,561 | +€10,416 | +15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,603 | €5,624 | +€4,021 | +251% |
| Other operating charges | 640/8 | €36,953 | €20,493 | -€16,459 | -44.5% |
| Non-recurring operating charges | 66A | €18,475 | €50,000 | +€31,525 | +171% |
| Gross operating margin | 9900 | €1,738,545 | €2,084,268 | +€345,723 | +19.9% |
| Operating profit (loss) | 9901 | €603,364 | €886,309 | +€282,945 | +46.9% |
| Financial income | 75/76B | €40,353 | €59,427 | +€19,074 | +47.3% |
| Recurring financial income | 75 | €40,353 | €59,427 | +€19,074 | +47.3% |
| Financial charges | 65/66B | €54,066 | €51,483 | -€2,583 | -4.8% |
| Recurring financial charges | 65 | €54,066 | €51,483 | -€2,583 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €589,651 | €894,253 | +€304,603 | +51.7% |
| Income taxes | 67/77 | €172,511 | €241,670 | +€69,159 | +40.1% |
| Profit (loss) for the period | 9904 | €417,139 | €652,583 | +€235,444 | +56.4% |
| Transfer to tax-exempt reserves | 689 | - | €357,850 | +€357,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €417,139 | €294,733 | -€122,406 | -29.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.