WEST TRADING: 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 TRADING
Largest movements
- Cash +€10,217
up €10,217 (+59.6%), from €17,139 to €27,356
mainly Receivables within one year (+€8,928) and Trade debts (+€8,376)
- Receivables within one year -€8,928
down €8,928 (-16.4%), from €54,387 to €45,459
of which Trade receivables: -€25,425
- Deferred charges and accrued income +€8,803
up €8,803 (+555%), from €1,585 to €10,388
- Tangible fixed assets -€3,603
down €3,603 (-40.1%), from €8,975 to €5,371
- Trade debts +€8,376
up €8,376 (+976%), from €858 to €9,234
- Accrued charges and deferred income -€2,774
no longer reported in 2026 (was €2,774)
- Reserves +€1,638
up €1,638 (+2.5%), from €64,766 to €66,404
- Gross operating margin -€5,564
down €5,564 (-42.0%), from €13,258 to €7,695
- Taxes -€1,517
down €1,517 (-53.4%), from €2,843 to €1,325
- Depreciation -€326
down €326 (-8.3%), from €3,930 to €3,603
- Financial charges +€302
up €302 (+178%), from €170 to €473
- Other operating charges +€209
up €209 (+46.9%), from €446 to €655
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,086 | €88,574 | +€6,488 | +7.9% |
| Fixed assets | 21/28 | €8,975 | €5,371 | -€3,603 | -40.1% |
| Tangible fixed assets | 22/27 | €8,975 | €5,371 | -€3,603 | -40.1% |
| Plant, machinery and equipment | 23 | €6,404 | €5,017 | -€1,387 | -21.7% |
| Furniture and vehicles | 24 | €1,764 | €354 | -€1,410 | -79.9% |
| Other tangible fixed assets | 26 | €806 | - | -€806 | |
| Current assets | 29/58 | €73,111 | €83,203 | +€10,092 | +13.8% |
| Amounts receivable within one year | 40/41 | €54,387 | €45,459 | -€8,928 | -16.4% |
| Trade receivables | 40 | €35,810 | €10,385 | -€25,425 | -71.0% |
| Other amounts receivable | 41 | €18,577 | €35,074 | +€16,498 | +88.8% |
| Cash at bank and in hand | 54/58 | €17,139 | €27,356 | +€10,217 | +59.6% |
| Deferred charges and accrued income | 490/1 | €1,585 | €10,388 | +€8,803 | +555% |
| Total equity and liabilities | 10/49 | €82,086 | €88,574 | +€6,488 | +7.9% |
| Equity | 10/15 | €70,966 | €72,604 | +€1,638 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,766 | €66,404 | +€1,638 | +2.5% |
| Distributable reserves | 133 | €64,766 | €66,404 | +€1,638 | +2.5% |
| Amounts payable | 17/49 | €11,120 | €15,970 | +€4,850 | +43.6% |
| Amounts payable within one year | 42/48 | €8,346 | €15,970 | +€7,624 | +91.3% |
| Trade debts | 44 | €858 | €9,234 | +€8,376 | +976% |
| Suppliers | 440/4 | €858 | €9,234 | +€8,376 | +976% |
| Taxes, remuneration and social security | 45 | €7,488 | €6,736 | -€752 | -10.0% |
| Taxes | 450/3 | €6,229 | €3,865 | -€2,364 | -38.0% |
| Remuneration and social security | 454/9 | €1,259 | €2,871 | +€1,612 | +128% |
| Accrued charges and deferred income | 492/3 | €2,774 | - | -€2,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,930 | €3,603 | -€326 | -8.3% |
| Other operating charges | 640/8 | €446 | €655 | +€209 | +46.9% |
| Gross operating margin | 9900 | €13,258 | €7,695 | -€5,564 | -42.0% |
| Operating profit (loss) | 9901 | €8,883 | €3,436 | -€5,447 | -61.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +25.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +25.0% |
| Financial charges | 65/66B | €170 | €473 | +€302 | +178% |
| Recurring financial charges | 65 | €170 | €473 | +€302 | +178% |
| Profit (loss) for the period before taxes | 9903 | €8,713 | €2,964 | -€5,749 | -66.0% |
| Income taxes | 67/77 | €2,843 | €1,325 | -€1,517 | -53.4% |
| Profit (loss) for the period | 9904 | €5,870 | €1,638 | -€4,232 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,870 | €1,638 | -€4,232 | -72.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.