West Line Group: 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 Line Group
Largest movements
- Receivables within one year +€108,640
up €108,640 (+117%), from €93,095 to €201,735
of which Trade receivables: +€94,731
- Cash +€16,595
up €16,595, from €0 to €16,595
mainly Advances received (+€60,208) and Trade debts (+€43,558)
- Tangible fixed assets +€3,433
up €3,433 (+467%), from €735 to €4,169
of which Other tangible fixed assets: +€4,029
- Advances received +€60,208
up €60,208, from €0 to €60,208
- Trade debts +€43,558
up €43,558 (+596%), from €7,310 to €50,868
- Tax, wage and social debts +€21,132
up €21,132 (+129%), from €16,415 to €37,547
of which Taxes: +€16,291
- Reserves +€17,712
up €17,712 (+37.7%), from €47,001 to €64,713
- Short-term financial debts -€6,925
no longer reported in 2025 (was €6,925)
of which Other loans: -€6,925
- Gross operating margin +€122,903
up €122,903 (+344%), from €35,708 to €158,612
- Staff costs +€117,633
up €117,633, from -€1,465 to €116,168
- Financial charges +€9,023
up €9,023 (+427%), from €2,114 to €11,137
- Other operating charges +€6,521
up €6,521 (+248%), from €2,628 to €9,149
- Financial income +€3,183
up €3,183, from €0 to €3,183
of which Non-recurring financial income: +€3,044
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 | €94,851 | €225,736 | +€130,884 | +138% |
| Fixed assets | 21/28 | €1,145 | €5,119 | +€3,973 | +347% |
| Tangible fixed assets | 22/27 | €735 | €4,169 | +€3,433 | +467% |
| Plant, machinery and equipment | 23 | €735 | €140 | -€596 | -81.0% |
| Other tangible fixed assets | 26 | - | €4,029 | +€4,029 | |
| Financial fixed assets | 28 | €410 | €950 | +€540 | +132% |
| Current assets | 29/58 | €93,706 | €220,617 | +€126,911 | +135% |
| Amounts receivable within one year | 40/41 | €93,095 | €201,735 | +€108,640 | +117% |
| Trade receivables | 40 | €1,822 | €96,553 | +€94,731 | +5,200% |
| Other amounts receivable | 41 | €91,273 | €105,182 | +€13,909 | +15.2% |
| Cash at bank and in hand | 54/58 | €0 | €16,595 | +€16,595 | |
| Deferred charges and accrued income | 490/1 | €611 | €2,286 | +€1,675 | +274% |
| Total equity and liabilities | 10/49 | €94,851 | €225,736 | +€130,884 | +138% |
| Equity | 10/15 | €59,401 | €77,113 | +€17,712 | +29.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €47,001 | €64,713 | +€17,712 | +37.7% |
| Distributable reserves | 133 | €47,001 | €64,713 | +€17,712 | +37.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €35,450 | €148,623 | +€113,172 | +319% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €35,450 | €148,623 | +€113,172 | +319% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €6,925 | - | -€6,925 | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €6,925 | - | -€6,925 | |
| Trade debts | 44 | €7,310 | €50,868 | +€43,558 | +596% |
| Suppliers | 440/4 | €7,310 | €50,868 | +€43,558 | +596% |
| Advances received on contracts in progress | 46 | €0 | €60,208 | +€60,208 | |
| Taxes, remuneration and social security | 45 | €16,415 | €37,547 | +€21,132 | +129% |
| Taxes | 450/3 | €15,491 | €31,782 | +€16,291 | +105% |
| Remuneration and social security | 454/9 | €924 | €5,765 | +€4,841 | +524% |
| Other amounts payable | 47/48 | €4,800 | - | -€4,800 | |
| Non-recurring operating income | 76A | €68,976 | - | -€68,976 | |
| Remuneration, social security and pensions | 62 | -€1,465 | €116,168 | +€117,633 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596 | €699 | +€103 | +17.3% |
| Other operating charges | 640/8 | €2,628 | €9,149 | +€6,521 | +248% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €35,708 | €158,612 | +€122,903 | +344% |
| Operating profit (loss) | 9901 | €33,950 | €32,596 | -€1,354 | -4.0% |
| Financial income | 75/76B | €0 | €3,183 | +€3,183 | |
| Recurring financial income | 75 | €0 | €139 | +€139 | |
| Non-recurring financial income | 76B | - | €3,044 | +€3,044 | |
| Financial charges | 65/66B | €2,114 | €11,137 | +€9,023 | +427% |
| Recurring financial charges | 65 | €2,114 | €11,137 | +€9,023 | +427% |
| Profit (loss) for the period before taxes | 9903 | €31,836 | €24,642 | -€7,194 | -22.6% |
| Income taxes | 67/77 | €8,935 | €6,930 | -€2,005 | -22.4% |
| Profit (loss) for the period | 9904 | €22,901 | €17,712 | -€5,189 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,901 | €17,712 | -€5,189 | -22.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.