WEST LIGHT: what changed
What changed
WEST LIGHT
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€17,658
2024 · €3,870+€13,788
Equity
€268,432
2024 · €250,774+€17,658
Cash
€56,473
2024 · €18,031+€38,442
Balance sheet total
€421,830
2024 · €452,738-€30,907
Largest movements
Assets
- Receivables within one year -€65,803
down €65,803 (-48.3%), from €136,261 to €70,459
of which Trade receivables: -€63,960
- Cash +€38,442
up €38,442 (+213%), from €18,031 to €56,473
mainly Receivables within one year (+€65,803) and Net result for the year (+€17,658)
Equity and liabilities
- Trade debts -€45,190
down €45,190 (-34.0%), from €132,832 to €87,642
- Reserves +€17,658
up €17,658 (+9.4%), from €188,774 to €206,432
of which Distributable reserves: +€17,658
Income statement
- Staff costs -€54,011
down €54,011 (-23.4%), from €230,663 to €176,652
- Gross operating margin -€35,654
down €35,654 (-13.8%), from €257,682 to €222,028
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
€3,870
Gross operating margin
-€35,654
Staff costs
+€54,011
Depreciation
+€680
Other operating charges
-€1,251
Financial income
+€1,239
Financial charges
+€1,362
Taxes
-€1,364
Deferred taxes and other
-€5,234
Result 2025
€17,658
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
+€38,997
Investment
€0
Financing
-€555
Cash 2024
€18,031
From operations (derived)
+€38,997
Net result for the year
+€17,658
Depreciation
+€584
Stocks and contracts
+€1,250
Receivables within one year
+€65,803
Deferred charges and accrued income
+€1,713
Trade debts
-€45,190
Tax, wage and social debts
-€3,604
Accrued charges and deferred income
+€784
Financing
-€555
Short-term financial debts
-€555
Cash 2025
€56,473
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,738 | €421,830 | -€30,907 | -6.8% |
| Fixed assets | 21/28 | €940 | €356 | -€584 | -62.1% |
| Tangible fixed assets | 22/27 | €936 | €352 | -€584 | -62.4% |
| Plant, machinery and equipment | 23 | €596 | €351 | -€245 | -41.1% |
| Furniture and vehicles | 24 | €339 | €0 | -€339 | -99.9% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €451,797 | €421,474 | -€30,323 | -6.7% |
| Stocks and contracts in progress | 3 | €290,743 | €289,493 | -€1,250 | -0.4% |
| Stocks | 30/36 | €290,743 | €289,493 | -€1,250 | -0.4% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €136,261 | €70,459 | -€65,803 | -48.3% |
| Trade receivables | 40 | €121,600 | €57,640 | -€63,960 | -52.6% |
| Other amounts receivable | 41 | €14,662 | €12,819 | -€1,843 | -12.6% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,031 | €56,473 | +€38,442 | +213% |
| Deferred charges and accrued income | 490/1 | €6,761 | €5,049 | -€1,713 | -25.3% |
| Total equity and liabilities | 10/49 | €452,738 | €421,830 | -€30,907 | -6.8% |
| Equity | 10/15 | €250,774 | €268,432 | +€17,658 | +7.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €188,774 | €206,432 | +€17,658 | +9.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €306 | €306 | = | 0.0% |
| Distributable reserves | 133 | €182,268 | €199,926 | +€17,658 | +9.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €50,000 | €50,000 | = | 0.0% |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €151,963 | €103,398 | -€48,565 | -32.0% |
| Amounts payable within one year | 42/48 | €151,857 | €102,508 | -€49,349 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €555 | €0 | -€555 | -100% |
| Other loans | 439 | €555 | €0 | -€555 | -100% |
| Trade debts | 44 | €132,832 | €87,642 | -€45,190 | -34.0% |
| Suppliers | 440/4 | €132,832 | €87,642 | -€45,190 | -34.0% |
| Taxes, remuneration and social security | 45 | €18,470 | €14,866 | -€3,604 | -19.5% |
| Taxes | 450/3 | €224 | €39 | -€185 | -82.5% |
| Remuneration and social security | 454/9 | €18,246 | €14,827 | -€3,419 | -18.7% |
| Accrued charges and deferred income | 492/3 | €106 | €890 | +€784 | +737% |
| Non-recurring operating income | 76A | - | €4,400 | +€4,400 | |
| Remuneration, social security and pensions | 62 | €230,663 | €176,652 | -€54,011 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,263 | €584 | -€680 | -53.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,514 | €13,765 | +€1,251 | +10.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €257,682 | €222,028 | -€35,654 | -13.8% |
| Operating profit (loss) | 9901 | €13,242 | €31,028 | +€17,786 | +134% |
| Financial income | 75/76B | €172 | €1,411 | +€1,239 | +720% |
| Recurring financial income | 75 | €172 | €1,411 | +€1,239 | +720% |
| Financial charges | 65/66B | €8,509 | €7,147 | -€1,362 | -16.0% |
| Recurring financial charges | 65 | €8,509 | €7,147 | -€1,362 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €4,906 | €25,293 | +€20,387 | +416% |
| Transfer from deferred taxes | 780 | €5,234 | €0 | -€5,234 | -100% |
| Income taxes | 67/77 | €6,270 | €7,635 | +€1,364 | +21.8% |
| Profit (loss) for the period | 9904 | €3,870 | €17,658 | +€13,788 | +356% |
| Transfer from tax-exempt reserves | 789 | €10,244 | €0 | -€10,244 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €14,114 | €17,658 | +€3,544 | +25.1% |
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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 7 November 2026 via checked.be.