WESTA: 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.
WESTA
Largest movements
- Receivables within one year +€15,955
up €15,955 (+81.0%), from €19,690 to €35,645
of which Trade receivables: +€13,878
- Tangible fixed assets -€11,197
down €11,197 (-39.0%), from €28,677 to €17,480
- Cash -€10,441
down €10,441 (-4.9%), from €213,729 to €203,288
mainly Contributions, distributions and other (-€250,320) and Receivables within one year (-€15,955)
- Stocks and contracts -€3,963
down €3,963 (-26.6%), from €14,925 to €10,962
- Current portion of long-term debt +€252,875
up €252,875 (+10,260%), from €2,465 to €255,339
- Reserves -€250,320
down €250,320 (-99.1%), from €252,485 to €2,165
- Profit (loss) carried forward -€12,255
down €12,255, from €3,480 to -€8,775
- Gross operating margin -€11,896
down €11,896, from €5,980 to -€5,916
- Financial income +€5,162
up €5,162 (+955,970%), from €1 to €5,163
of which Non-recurring financial income: +€5,155
- Taxes -€1,088
no longer reported in 2025 (was €1,088)
- Other operating charges +€187
up €187 (+158%), from €118 to €305
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 | €277,021 | €267,375 | -€9,646 | -3.5% |
| Fixed assets | 21/28 | €28,677 | €17,480 | -€11,197 | -39.0% |
| Tangible fixed assets | 22/27 | €28,677 | €17,480 | -€11,197 | -39.0% |
| Furniture and vehicles | 24 | €28,677 | €17,480 | -€11,197 | -39.0% |
| Current assets | 29/58 | €248,345 | €249,895 | +€1,551 | +0.6% |
| Stocks and contracts in progress | 3 | €14,925 | €10,962 | -€3,963 | -26.6% |
| Stocks | 30/36 | €14,925 | €10,962 | -€3,963 | -26.6% |
| Amounts receivable within one year | 40/41 | €19,690 | €35,645 | +€15,955 | +81.0% |
| Trade receivables | 40 | €18,528 | €32,406 | +€13,878 | +74.9% |
| Other amounts receivable | 41 | €1,162 | €3,239 | +€2,077 | +179% |
| Cash at bank and in hand | 54/58 | €213,729 | €203,288 | -€10,441 | -4.9% |
| Total equity and liabilities | 10/49 | €277,021 | €267,375 | -€9,646 | -3.5% |
| Equity | 10/15 | €274,557 | €11,982 | -€262,575 | -95.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €252,485 | €2,165 | -€250,320 | -99.1% |
| Distributable reserves | 133 | €252,485 | €2,165 | -€250,320 | -99.1% |
| Profit (loss) carried forward | 14 | €3,480 | -€8,775 | -€12,255 | |
| Amounts payable | 17/49 | €2,465 | €255,393 | +€252,929 | +10,262% |
| Amounts payable within one year | 42/48 | €2,465 | €255,393 | +€252,929 | +10,262% |
| Current portion of amounts payable after more than one year | 42 | €2,465 | €255,339 | +€252,875 | +10,260% |
| Trade debts | 44 | - | €54 | +€54 | |
| Suppliers | 440/4 | - | €54 | +€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,197 | €11,197 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €305 | +€187 | +158% |
| Gross operating margin | 9900 | €5,980 | -€5,916 | -€11,896 | |
| Operating profit (loss) | 9901 | -€5,335 | -€17,418 | -€12,082 | -226% |
| Financial income | 75/76B | €1 | €5,163 | +€5,162 | +955,970% |
| Recurring financial income | 75 | €1 | €7 | +€7 | +1,224% |
| Non-recurring financial income | 76B | €1 | €5,156 | +€5,155 | +954,646% |
| Profit (loss) for the period before taxes | 9903 | -€5,335 | -€12,255 | -€6,920 | -130% |
| Income taxes | 67/77 | €1,088 | - | -€1,088 | |
| Profit (loss) for the period | 9904 | -€6,423 | -€12,255 | -€5,832 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,423 | -€12,255 | -€5,832 | -90.8% |
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.