WEST INGELEC: what changed
WEST INGELEC
Largest movements
- Receivables within one year +€38,810
up €38,810 (+354%), from €10,969 to €49,778
of which Trade receivables: +€29,302
- Cash +€19,272
up €19,272 (+122%), from €15,838 to €35,110
mainly Trade debts (+€30,311) and Tax, wage and social debts (+€13,693)
- Trade debts +€30,311
up €30,311 (+11,795%), from €257 to €30,568
- Tax, wage and social debts +€13,693
up €13,693 (+52.0%), from €26,313 to €40,007
of which Remuneration and social security: +€12,395
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Profit (loss) carried forward +€2,518
up €2,518 (+30.5%), from -€8,255 to -€5,737
- Gross operating margin +€132,994
up €132,994 (+102%), from €130,216 to €263,210
- Staff costs +€113,743
up €113,743 (+83.3%), from €136,614 to €250,357
- Write-downs +€8,996
new in 2025: €8,996
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 | €27,407 | €85,488 | +€58,081 | +212% |
| Fixed assets | 21/28 | €600 | €600 | = | 0.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €26,807 | €84,888 | +€58,081 | +217% |
| Amounts receivable within one year | 40/41 | €10,969 | €49,778 | +€38,810 | +354% |
| Trade receivables | 40 | €9,601 | €38,903 | +€29,302 | +305% |
| Other amounts receivable | 41 | €1,367 | €10,876 | +€9,508 | +695% |
| Cash at bank and in hand | 54/58 | €15,838 | €35,110 | +€19,272 | +122% |
| Total equity and liabilities | 10/49 | €27,407 | €85,488 | +€58,081 | +212% |
| Equity | 10/15 | -€195 | €14,723 | +€14,918 | |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,255 | -€5,737 | +€2,518 | +30.5% |
| Amounts payable | 17/49 | €27,601 | €70,765 | +€43,164 | +156% |
| Amounts payable within one year | 42/48 | €27,601 | €70,765 | +€43,164 | +156% |
| Trade debts | 44 | €257 | €30,568 | +€30,311 | +11,795% |
| Suppliers | 440/4 | €257 | €30,568 | +€30,311 | +11,795% |
| Taxes, remuneration and social security | 45 | €26,313 | €40,007 | +€13,693 | +52.0% |
| Taxes | 450/3 | €260 | €1,558 | +€1,298 | +500% |
| Remuneration and social security | 454/9 | €26,054 | €38,449 | +€12,395 | +47.6% |
| Other amounts payable | 47/48 | €1,031 | €191 | -€840 | -81.5% |
| Remuneration, social security and pensions | 62 | €136,614 | €250,357 | +€113,743 | +83.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,996 | +€8,996 | |
| Other operating charges | 640/8 | €1,726 | €469 | -€1,256 | -72.8% |
| Non-recurring operating charges | 66A | - | €1,007 | +€1,007 | |
| Gross operating margin | 9900 | €130,216 | €263,210 | +€132,994 | +102% |
| Operating profit (loss) | 9901 | -€8,124 | €2,380 | +€10,504 | |
| Financial income | 75/76B | €154 | €616 | +€462 | +300% |
| Recurring financial income | 75 | €154 | €616 | +€462 | +300% |
| Financial charges | 65/66B | €285 | €255 | -€30 | -10.4% |
| Recurring financial charges | 65 | €285 | €255 | -€30 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,255 | €2,741 | +€10,996 | |
| Income taxes | 67/77 | €0 | €223 | +€223 | |
| Profit (loss) for the period | 9904 | -€8,255 | €2,518 | +€10,772 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,255 | €2,518 | +€10,772 |
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 7 November 2026 via checked.be.