WESTARTUP: 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.
WESTARTUP
Largest movements
- Cash -€39,960
down €39,960 (-30.2%), from €132,107 to €92,147
mainly Trade debts (-€40,848) and Tax, wage and social debts (-€21,582)
- Receivables within one year -€23,347
down €23,347 (-75.9%), from €30,780 to €7,433
of which Trade receivables: -€23,292
- Intangible fixed assets -€2,215
down €2,215 (-46.9%), from €4,722 to €2,507
- Trade debts -€40,848
down €40,848 (-65.1%), from €62,719 to €21,871
- Tax, wage and social debts -€21,582
down €21,582 (-44.3%), from €48,754 to €27,172
of which Taxes: -€23,475
- Profit (loss) carried forward -€6,019
down €6,019 (-13.5%), from €44,419 to €38,401
- Other debts +€3,169
up €3,169 (+31.6%), from €10,030 to €13,199
- Gross operating margin -€77,995
down €77,995 (-41.8%), from €186,601 to €108,606
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 | €178,383 | €112,702 | -€65,680 | -36.8% |
| Fixed assets | 21/28 | €12,045 | €10,012 | -€2,033 | -16.9% |
| Intangible fixed assets | 21 | €4,722 | €2,507 | -€2,215 | -46.9% |
| Tangible fixed assets | 22/27 | €1,125 | €1,307 | +€182 | +16.2% |
| Furniture and vehicles | 24 | €1,125 | €1,307 | +€182 | +16.2% |
| Financial fixed assets | 28 | €6,198 | €6,198 | = | 0.0% |
| Current assets | 29/58 | €166,337 | €102,690 | -€63,647 | -38.3% |
| Amounts receivable within one year | 40/41 | €30,780 | €7,433 | -€23,347 | -75.9% |
| Trade receivables | 40 | €30,707 | €7,414 | -€23,292 | -75.9% |
| Other amounts receivable | 41 | €74 | €19 | -€55 | -74.4% |
| Cash at bank and in hand | 54/58 | €132,107 | €92,147 | -€39,960 | -30.2% |
| Deferred charges and accrued income | 490/1 | €3,450 | €3,110 | -€340 | -9.9% |
| Total equity and liabilities | 10/49 | €178,383 | €112,702 | -€65,680 | -36.8% |
| Equity | 10/15 | €54,879 | €48,861 | -€6,019 | -11.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,260 | €4,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,419 | €38,401 | -€6,019 | -13.5% |
| Amounts payable | 17/49 | €123,503 | €63,841 | -€59,662 | -48.3% |
| Amounts payable within one year | 42/48 | €121,503 | €62,242 | -€59,262 | -48.8% |
| Trade debts | 44 | €62,719 | €21,871 | -€40,848 | -65.1% |
| Suppliers | 440/4 | €62,719 | €21,871 | -€40,848 | -65.1% |
| Taxes, remuneration and social security | 45 | €48,754 | €27,172 | -€21,582 | -44.3% |
| Taxes | 450/3 | €29,948 | €6,473 | -€23,475 | -78.4% |
| Remuneration and social security | 454/9 | €18,806 | €20,699 | +€1,893 | +10.1% |
| Other amounts payable | 47/48 | €10,030 | €13,199 | +€3,169 | +31.6% |
| Accrued charges and deferred income | 492/3 | €2,000 | €1,600 | -€400 | -20.0% |
| Remuneration, social security and pensions | 62 | €110,946 | €110,829 | -€116 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,411 | €2,900 | +€489 | +20.3% |
| Other operating charges | 640/8 | €1,867 | €400 | -€1,467 | -78.6% |
| Gross operating margin | 9900 | €186,601 | €108,606 | -€77,995 | -41.8% |
| Operating profit (loss) | 9901 | €71,377 | -€5,523 | -€76,901 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €898 | €495 | -€403 | -44.8% |
| Recurring financial charges | 65 | €898 | €495 | -€403 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €70,479 | -€6,019 | -€76,498 | |
| Profit (loss) for the period | 9904 | €70,479 | -€6,019 | -€76,498 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,479 | -€6,019 | -€76,498 |
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 20 October 2026 via checked.be.