Westaco: 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.
Westaco
Largest movements
- Tangible fixed assets -€1,240
down €1,240 (-47.4%), from €2,615 to €1,375
- Cash +€494
up €494 (+74.3%), from €665 to €1,159
mainly Other debts (+€11,202) and Depreciation (+€1,240)
- Other debts +€11,202
up €11,202 (+42.0%), from €26,642 to €37,845
- Profit (loss) carried forward -€7,078
down €7,078 (-7.8%), from -€90,591 to -€97,669
- Trade debts -€3,205
down €3,205 (-5.2%), from €61,820 to €58,615
- Tax, wage and social debts -€2,107
down €2,107 (-98.4%), from €2,142 to €35
- Accrued charges and deferred income +€400
new in 2025: €400
- Gross operating margin -€5,082
down €5,082, from €4,697 to -€385
- Other operating charges +€2,479
up €2,479 (+252%), from €983 to €3,462
- Financial income +€1,332
up €1,332 (+14,228%), from €9 to €1,341
- Financial charges +€744
up €744 (+28.7%), from €2,589 to €3,333
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 | €5,014 | €4,225 | -€788 | -15.7% |
| Fixed assets | 21/28 | €3,015 | €1,775 | -€1,240 | -41.1% |
| Tangible fixed assets | 22/27 | €2,615 | €1,375 | -€1,240 | -47.4% |
| Furniture and vehicles | 24 | €2,615 | €1,375 | -€1,240 | -47.4% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €1,998 | €2,450 | +€452 | +22.6% |
| Amounts receivable within one year | 40/41 | €1,270 | €1,224 | -€46 | -3.6% |
| Trade receivables | 40 | €1,270 | €1,224 | -€46 | -3.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €665 | €1,159 | +€494 | +74.3% |
| Deferred charges and accrued income | 490/1 | €63 | €67 | +€3 | +4.9% |
| Total equity and liabilities | 10/49 | €5,014 | €4,225 | -€788 | -15.7% |
| Equity | 10/15 | -€85,591 | -€92,669 | -€7,078 | -8.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,591 | -€97,669 | -€7,078 | -7.8% |
| Amounts payable | 17/49 | €90,604 | €96,894 | +€6,290 | +6.9% |
| Amounts payable within one year | 42/48 | €90,604 | €96,495 | +€5,890 | +6.5% |
| Trade debts | 44 | €61,820 | €58,615 | -€3,205 | -5.2% |
| Suppliers | 440/4 | €61,820 | €58,615 | -€3,205 | -5.2% |
| Taxes, remuneration and social security | 45 | €2,142 | €35 | -€2,107 | -98.4% |
| Taxes | 450/3 | €2,142 | €35 | -€2,107 | -98.4% |
| Other amounts payable | 47/48 | €26,642 | €37,845 | +€11,202 | +42.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €1,240 | = | 0.0% |
| Other operating charges | 640/8 | €983 | €3,462 | +€2,479 | +252% |
| Gross operating margin | 9900 | €4,697 | -€385 | -€5,082 | |
| Operating profit (loss) | 9901 | €2,475 | -€5,086 | -€7,561 | |
| Financial income | 75/76B | €9 | €1,341 | +€1,332 | +14,228% |
| Recurring financial income | 75 | €9 | €1,341 | +€1,332 | +14,228% |
| Financial charges | 65/66B | €2,589 | €3,333 | +€744 | +28.7% |
| Recurring financial charges | 65 | €2,589 | €3,333 | +€744 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | -€105 | -€7,078 | -€6,973 | -6,659% |
| Profit (loss) for the period | 9904 | -€105 | -€7,078 | -€6,973 | -6,659% |
| Profit (loss) for the period to be appropriated | 9905 | -€105 | -€7,078 | -€6,973 | -6,659% |
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 14 October 2026 via checked.be.