WEST - NORMAN: 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 - NORMAN
Largest movements
- Receivables within one year +€4,490
up €4,490 (+44,543%), from €10 to €4,500
of which Trade receivables: +€4,500
- Cash -€436
down €436 (-20.3%), from €2,147 to €1,711
mainly Receivables within one year (-€4,490)
- Trade debts +€3,716
up €3,716, from €0 to €3,716
- Profit (loss) carried forward +€221
up €221 (+3.1%), from -€7,158 to -€6,937
- Accrued charges and deferred income +€85
up €85 (+3,648%), from €2 to €88
- Gross operating margin -€91
down €91 (-9.2%), from €991 to €900
- Financial income -€78
down €78 (-100%), from €78 to €0
- Other operating charges +€15
up €15 (+2.6%), from €588 to €604
- Financial charges -€13
down €13 (-14.7%), from €88 to €75
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 | €3,504 | €7,549 | +€4,046 | +115% |
| Fixed assets | 21/28 | €1,339 | €1,339 | = | 0.0% |
| Financial fixed assets | 28 | €1,339 | €1,339 | = | 0.0% |
| Current assets | 29/58 | €2,165 | €6,211 | +€4,046 | +187% |
| Amounts receivable within one year | 40/41 | €10 | €4,500 | +€4,490 | +44,543% |
| Trade receivables | 40 | €0 | €4,500 | +€4,500 | |
| Other amounts receivable | 41 | €10 | €0 | -€10 | -100% |
| Cash at bank and in hand | 54/58 | €2,147 | €1,711 | -€436 | -20.3% |
| Deferred charges and accrued income | 490/1 | €8 | €0 | -€8 | -100% |
| Total equity and liabilities | 10/49 | €3,504 | €7,549 | +€4,046 | +115% |
| Equity | 10/15 | €1,279 | €1,500 | +€221 | +17.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,237 | €2,237 | = | 0.0% |
| Distributable reserves | 133 | €2,237 | €2,237 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,158 | -€6,937 | +€221 | +3.1% |
| Amounts payable | 17/49 | €2,225 | €6,049 | +€3,825 | +172% |
| Amounts payable within one year | 42/48 | €2,222 | €5,961 | +€3,739 | +168% |
| Trade debts | 44 | €0 | €3,716 | +€3,716 | |
| Suppliers | 440/4 | €0 | €3,716 | +€3,716 | |
| Other amounts payable | 47/48 | €2,222 | €2,246 | +€24 | +1.1% |
| Accrued charges and deferred income | 492/3 | €2 | €88 | +€85 | +3,648% |
| Other operating charges | 640/8 | €588 | €604 | +€15 | +2.6% |
| Gross operating margin | 9900 | €991 | €900 | -€91 | -9.2% |
| Operating profit (loss) | 9901 | €402 | €296 | -€106 | -26.4% |
| Financial income | 75/76B | €78 | €0 | -€78 | -100% |
| Recurring financial income | 75 | €78 | €0 | -€78 | -100% |
| Financial charges | 65/66B | €88 | €75 | -€13 | -14.7% |
| Recurring financial charges | 65 | €88 | €75 | -€13 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €393 | €221 | -€171 | -43.6% |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100% |
| Profit (loss) for the period | 9904 | €390 | €221 | -€169 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €390 | €221 | -€169 | -43.3% |
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 30 October 2026 via checked.be.