WESTANA: 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.
WESTANA
Largest movements
- Receivables within one year +€103,549
up €103,549 (+29.7%), from €348,129 to €451,678
of which Other amounts receivable: +€53,750
- Deferred charges and accrued income +€23,762
up €23,762 (+15.6%), from €152,275 to €176,036
- Intangible fixed assets +€21,589
new in 2025: €21,589
- Cash +€14,735
up €14,735 (+37.3%), from €39,460 to €54,195
mainly Net result for the year (+€71,813) and Tax, wage and social debts (+€65,749)
- Profit (loss) carried forward +€71,813
up €71,813 (+145%), from €49,538 to €121,351
- Tax, wage and social debts +€65,749
up €65,749 (+303%), from €21,717 to €87,466
of which Taxes: +€68,577
- Accrued charges and deferred income +€32,117
up €32,117 (+11.8%), from €272,566 to €304,683
- Short-term financial debts -€21,297
down €21,297 (-68.9%), from €30,891 to €9,594
- Trade debts +€19,955
up €19,955 (+1,469%), from €1,358 to €21,313
- Gross operating margin +€93,939
up €93,939 (+149%), from €63,058 to €156,997
- Taxes +€17,030
up €17,030 (+12,509%), from €136 to €17,166
- Depreciation +€9,001
up €9,001 (+484%), from €1,861 to €10,862
- Staff costs +€4,622
up €4,622 (+12.3%), from €37,589 to €42,210
- Other operating charges -€3,217
down €3,217 (-67.9%), from €4,741 to €1,524
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 | €544,875 | €707,449 | +€162,573 | +29.8% |
| Fixed assets | 21/28 | €5,012 | €25,540 | +€20,528 | +410% |
| Intangible fixed assets | 21 | - | €21,589 | +€21,589 | |
| Tangible fixed assets | 22/27 | €5,012 | €3,951 | -€1,061 | -21.2% |
| Furniture and vehicles | 24 | €2,977 | €2,168 | -€809 | -27.2% |
| Other tangible fixed assets | 26 | €2,034 | €1,782 | -€252 | -12.4% |
| Current assets | 29/58 | €539,864 | €681,909 | +€142,045 | +26.3% |
| Amounts receivable within one year | 40/41 | €348,129 | €451,678 | +€103,549 | +29.7% |
| Trade receivables | 40 | €335,637 | €385,436 | +€49,799 | +14.8% |
| Other amounts receivable | 41 | €12,492 | €66,241 | +€53,750 | +430% |
| Cash at bank and in hand | 54/58 | €39,460 | €54,195 | +€14,735 | +37.3% |
| Deferred charges and accrued income | 490/1 | €152,275 | €176,036 | +€23,762 | +15.6% |
| Total equity and liabilities | 10/49 | €544,875 | €707,449 | +€162,573 | +29.8% |
| Equity | 10/15 | €130,451 | €202,264 | +€71,813 | +55.1% |
| Contributions | 10/11 | €77,600 | €77,600 | = | 0.0% |
| Reserves | 13 | €3,313 | €3,313 | = | 0.0% |
| Distributable reserves | 133 | €3,313 | €3,313 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,538 | €121,351 | +€71,813 | +145% |
| Amounts payable | 17/49 | €414,425 | €505,185 | +€90,760 | +21.9% |
| Amounts payable after more than one year | 17 | €39,207 | €23,741 | -€15,466 | -39.4% |
| Financial debts | 170/4 | €22,294 | €13,120 | -€9,173 | -41.1% |
| Other amounts payable | 178/9 | €16,913 | €10,621 | -€6,292 | -37.2% |
| Amounts payable within one year | 42/48 | €102,652 | €176,761 | +€74,109 | +72.2% |
| Current portion of amounts payable after more than one year | 42 | €21,641 | €31,343 | +€9,702 | +44.8% |
| Financial debts | 43 | €30,891 | €9,594 | -€21,297 | -68.9% |
| Credit institutions | 430/8 | €30,891 | €9,594 | -€21,297 | -68.9% |
| Trade debts | 44 | €1,358 | €21,313 | +€19,955 | +1,469% |
| Suppliers | 440/4 | €1,358 | €21,313 | +€19,955 | +1,469% |
| Taxes, remuneration and social security | 45 | €21,717 | €87,466 | +€65,749 | +303% |
| Taxes | 450/3 | €1,988 | €70,565 | +€68,577 | +3,449% |
| Remuneration and social security | 454/9 | €19,729 | €16,901 | -€2,828 | -14.3% |
| Other amounts payable | 47/48 | €27,045 | €27,045 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €272,566 | €304,683 | +€32,117 | +11.8% |
| Remuneration, social security and pensions | 62 | €37,589 | €42,210 | +€4,622 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,861 | €10,862 | +€9,001 | +484% |
| Other operating charges | 640/8 | €4,741 | €1,524 | -€3,217 | -67.9% |
| Gross operating margin | 9900 | €63,058 | €156,997 | +€93,939 | +149% |
| Operating profit (loss) | 9901 | €18,867 | €102,401 | +€83,534 | +443% |
| Financial income | 75/76B | €50 | €50 | +€1 | +1.9% |
| Recurring financial income | 75 | €50 | €50 | +€1 | +1.9% |
| Financial charges | 65/66B | €11,664 | €13,472 | +€1,808 | +15.5% |
| Recurring financial charges | 65 | €11,664 | €13,472 | +€1,808 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €7,252 | €88,979 | +€81,727 | +1,127% |
| Income taxes | 67/77 | €136 | €17,166 | +€17,030 | +12,509% |
| Profit (loss) for the period | 9904 | €7,116 | €71,813 | +€64,697 | +909% |
| Profit (loss) for the period to be appropriated | 9905 | €7,116 | €71,813 | +€64,697 | +909% |
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 28 October 2026 via checked.be.