WEST HILLS: what changed
What changed
WEST HILLS
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€3,173
2024 · €6,413-€3,240
Equity
€87,479
2024 · €84,306+€3,173
Cash
€43,890
2024 · €64,064-€20,174
Balance sheet total
€259,122
2024 · €474,921-€215,799
Largest movements
Assets
- Receivables within one year -€207,414
down €207,414 (-92.8%), from €223,443 to €16,029
of which Trade receivables: -€209,048
- Cash -€20,174
down €20,174 (-31.5%), from €64,064 to €43,890
mainly Short-term financial debts (-€190,000) and Advances received (-€25,000)
- Stocks and contracts +€15,000
up €15,000 (+8.3%), from €180,000 to €195,000
Equity and liabilities
- Short-term financial debts -€190,000
down €190,000 (-54.3%), from €350,000 to €160,000
- Advances received -€25,000
no longer reported in 2025 (was €25,000)
Income statement
- Gross operating margin -€6,512
down €6,512 (-18.8%), from €34,681 to €28,169
- Financial charges -€3,116
down €3,116 (-16.5%), from €18,905 to €15,788
- Other operating charges -€657
down €657 (-22.6%), from €2,906 to €2,249
- Taxes +€501
up €501 (+15.5%), from €3,236 to €3,737
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
€6,413
Gross operating margin
-€6,512
Other operating charges
+€657
Financial charges
+€3,116
Taxes
-€501
Result 2025
€3,173
raises the resultlowers the result
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
+€169,826
Investment
€0
Financing
-€190,000
Cash 2024
€64,064
From operations (derived)
+€169,826
Net result for the year
+€3,173
Depreciation
+€3,221
Stocks and contracts
-€15,000
Receivables within one year
+€207,414
Smaller working-capital items
+€275
Trade debts
-€2,126
Tax, wage and social debts
-€2,132
Advances received
-€25,000
Financing
-€190,000
Short-term financial debts
-€190,000
Cash 2025
€43,890
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €474,921 | €259,122 | -€215,799 | -45.4% |
| Fixed assets | 21/28 | €6,980 | €3,758 | -€3,221 | -46.2% |
| Tangible fixed assets | 22/27 | €6,980 | €3,758 | -€3,221 | -46.2% |
| Furniture and vehicles | 24 | €6,980 | €3,758 | -€3,221 | -46.2% |
| Current assets | 29/58 | €467,941 | €255,364 | -€212,578 | -45.4% |
| Stocks and contracts in progress | 3 | €180,000 | €195,000 | +€15,000 | +8.3% |
| Stocks | 30/36 | €180,000 | €195,000 | +€15,000 | +8.3% |
| Amounts receivable within one year | 40/41 | €223,443 | €16,029 | -€207,414 | -92.8% |
| Trade receivables | 40 | €222,548 | €13,500 | -€209,048 | -93.9% |
| Other amounts receivable | 41 | €895 | €2,529 | +€1,634 | +183% |
| Cash at bank and in hand | 54/58 | €64,064 | €43,890 | -€20,174 | -31.5% |
| Deferred charges and accrued income | 490/1 | €435 | €445 | +€10 | +2.3% |
| Total equity and liabilities | 10/49 | €474,921 | €259,122 | -€215,799 | -45.4% |
| Equity | 10/15 | €84,306 | €87,479 | +€3,173 | +3.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,694 | -€22,521 | +€3,173 | +12.4% |
| Amounts payable | 17/49 | €390,616 | €171,643 | -€218,973 | -56.1% |
| Amounts payable within one year | 42/48 | €390,616 | €171,643 | -€218,973 | -56.1% |
| Financial debts | 43 | €350,000 | €160,000 | -€190,000 | -54.3% |
| Credit institutions | 430/8 | €350,000 | €160,000 | -€190,000 | -54.3% |
| Trade debts | 44 | €3,347 | €1,220 | -€2,126 | -63.5% |
| Suppliers | 440/4 | €3,347 | €1,220 | -€2,126 | -63.5% |
| Advances received on contracts in progress | 46 | €25,000 | - | -€25,000 | |
| Taxes, remuneration and social security | 45 | €12,154 | €10,022 | -€2,132 | -17.5% |
| Taxes | 450/3 | €10,096 | €7,953 | -€2,143 | -21.2% |
| Remuneration and social security | 454/9 | €2,057 | €2,069 | +€12 | +0.6% |
| Other amounts payable | 47/48 | €115 | €401 | +€285 | +247% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,221 | €3,221 | = | 0.0% |
| Other operating charges | 640/8 | €2,906 | €2,249 | -€657 | -22.6% |
| Gross operating margin | 9900 | €34,681 | €28,169 | -€6,512 | -18.8% |
| Operating profit (loss) | 9901 | €28,554 | €22,699 | -€5,855 | -20.5% |
| Financial charges | 65/66B | €18,905 | €15,788 | -€3,116 | -16.5% |
| Recurring financial charges | 65 | €18,905 | €15,788 | -€3,116 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €9,649 | €6,910 | -€2,739 | -28.4% |
| Income taxes | 67/77 | €3,236 | €3,737 | +€501 | +15.5% |
| Profit (loss) for the period | 9904 | €6,413 | €3,173 | -€3,240 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,413 | €3,173 | -€3,240 | -50.5% |
Next steps
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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 2 November 2026 via checked.be.