West Linde: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
West Linde
Largest movements
- Receivables within one year +€36,692
up €36,692 (+76,586%), from €48 to €36,740
of which Trade receivables: +€36,692
- Cash -€10,503
down €10,503 (-27.7%), from €37,860 to €27,357
mainly Receivables within one year (-€36,692) and Trade debts (-€8,481)
- Tangible fixed assets -€2,415
down €2,415 (-22.3%), from €10,846 to €8,431
- Reserves +€25,384
new in 2025: €25,384
- Trade debts -€8,481
down €8,481 (-67.9%), from €12,496 to €4,014
- Tax, wage and social debts +€8,120
up €8,120 (+99.2%), from €8,188 to €16,308
of which Taxes: +€7,118
- Other debts -€2,047
down €2,047 (-10.2%), from €20,061 to €18,014
- Gross operating margin +€35,240
up €35,240 (+123%), from €28,665 to €63,904
- Staff costs +€18,719
up €18,719 (+222%), from €8,437 to €27,156
- Taxes +€6,932
up €6,932 (+83,522%), from €8 to €6,941
- Write-downs -€3,019
no longer reported in 2025 (was €3,019)
- Depreciation +€2,189
up €2,189 (+157%), from €1,390 to €3,579
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,051 | €73,220 | +€23,169 | +46.3% |
| Formation expenses | 20 | €162 | - | -€162 | |
| Fixed assets | 21/28 | €10,846 | €8,431 | -€2,415 | -22.3% |
| Tangible fixed assets | 22/27 | €10,846 | €8,431 | -€2,415 | -22.3% |
| Furniture and vehicles | 24 | €10,846 | €8,431 | -€2,415 | -22.3% |
| Current assets | 29/58 | €39,042 | €64,788 | +€25,746 | +65.9% |
| Stocks and contracts in progress | 3 | - | €39 | +€39 | |
| Stocks | 30/36 | - | €39 | +€39 | |
| Amounts receivable within one year | 40/41 | €48 | €36,740 | +€36,692 | +76,586% |
| Trade receivables | 40 | €30 | €36,722 | +€36,692 | +122,226% |
| Other amounts receivable | 41 | €18 | €18 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,860 | €27,357 | -€10,503 | -27.7% |
| Deferred charges and accrued income | 490/1 | €1,134 | €652 | -€482 | -42.5% |
| Total equity and liabilities | 10/49 | €50,051 | €73,220 | +€23,169 | +46.3% |
| Equity | 10/15 | €9,306 | €34,884 | +€25,578 | +275% |
| Contributions | 10/11 | €9,500 | €9,500 | = | 0.0% |
| Reserves | 13 | - | €25,384 | +€25,384 | |
| Distributable reserves | 133 | - | €25,384 | +€25,384 | |
| Profit (loss) carried forward | 14 | -€194 | - | +€194 | |
| Amounts payable | 17/49 | €40,745 | €38,336 | -€2,409 | -5.9% |
| Amounts payable within one year | 42/48 | €40,745 | €38,336 | -€2,409 | -5.9% |
| Trade debts | 44 | €12,496 | €4,014 | -€8,481 | -67.9% |
| Suppliers | 440/4 | €12,496 | €4,014 | -€8,481 | -67.9% |
| Taxes, remuneration and social security | 45 | €8,188 | €16,308 | +€8,120 | +99.2% |
| Taxes | 450/3 | €6,102 | €13,220 | +€7,118 | +117% |
| Remuneration and social security | 454/9 | €2,086 | €3,088 | +€1,002 | +48.0% |
| Other amounts payable | 47/48 | €20,061 | €18,014 | -€2,047 | -10.2% |
| Remuneration, social security and pensions | 62 | €8,437 | €27,156 | +€18,719 | +222% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,390 | €3,579 | +€2,189 | +157% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,019 | - | -€3,019 | |
| Other operating charges | 640/8 | €668 | €544 | -€125 | -18.6% |
| Gross operating margin | 9900 | €28,665 | €63,904 | +€35,240 | +123% |
| Operating profit (loss) | 9901 | €15,150 | €32,625 | +€17,475 | +115% |
| Financial income | 75/76B | €2 | €1 | -€0 | -28.0% |
| Recurring financial income | 75 | €2 | €1 | -€0 | -28.0% |
| Financial charges | 65/66B | €26 | €108 | +€82 | +308% |
| Recurring financial charges | 65 | €26 | €108 | +€82 | +308% |
| Profit (loss) for the period before taxes | 9903 | €15,125 | €32,518 | +€17,393 | +115% |
| Income taxes | 67/77 | €8 | €6,941 | +€6,932 | +83,522% |
| Profit (loss) for the period | 9904 | €15,117 | €25,578 | +€10,461 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,117 | €25,578 | +€10,461 | +69.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.