WESTATE: what changed
Two fiscal 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.
WESTATE
Largest movements
- Cash +€66,126
up €66,126 (+122.2%), from €54,119 to €120,245
mainly Net result for the year (+€62,407) and Tax, wage and social debts (+€5,586)
- Receivables within one year -€1,748
down €1,748 (-4.9%), from €35,640 to €33,893
of which Trade receivables: -€1,535
- Reserves +€62,407
up €62,407 (+98.6%), from €63,272 to €125,680
- Tax, wage and social debts +€5,586
up €5,586 (+25.2%), from €22,137 to €27,723
- Other debts -€2,490
down €2,490 (-80.1%), from €3,109 to €619
- Gross operating margin +€3,059
up €3,059 (+3.8%), from €81,520 to €84,580
- Taxes +€2,174
up €2,174 (+12.7%), from €17,180 to €19,354
- Other operating charges +€1,435
up €1,435 (+1972.4%), from €73 to €1,508
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.
Cash bridge derived
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 | €91,627 | €156,074 | +€64,447 | +70.3% |
| Formation expenses | 20 | €550 | €0 | -€550 | -100.0% |
| Fixed assets | 21/28 | €1,290 | €1,608 | +€318 | +24.6% |
| Tangible fixed assets | 22/27 | €1,290 | €1,608 | +€318 | +24.6% |
| Plant, machinery and equipment | 23 | - | €780 | +€780 | |
| Furniture and vehicles | 24 | €1,290 | €828 | -€462 | -35.8% |
| Current assets | 29/58 | €89,787 | €154,467 | +€64,679 | +72.0% |
| Amounts receivable within one year | 40/41 | €35,640 | €33,893 | -€1,748 | -4.9% |
| Trade receivables | 40 | €35,428 | €33,893 | -€1,535 | -4.3% |
| Other amounts receivable | 41 | €213 | €0 | -€213 | -100.0% |
| Cash at bank and in hand | 54/58 | €54,119 | €120,245 | +€66,126 | +122.2% |
| Deferred charges and accrued income | 490/1 | €28 | €329 | +€301 | +1069.5% |
| Total equity and liabilities | 10/49 | €91,627 | €156,074 | +€64,447 | +70.3% |
| Equity | 10/15 | €64,272 | €126,680 | +€62,407 | +97.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €63,272 | €125,680 | +€62,407 | +98.6% |
| Distributable reserves | 133 | €63,272 | €125,680 | +€62,407 | +98.6% |
| Amounts payable | 17/49 | €27,354 | €29,394 | +€2,040 | +7.5% |
| Amounts payable within one year | 42/48 | €27,354 | €29,394 | +€2,040 | +7.5% |
| Trade debts | 44 | €2,108 | €1,052 | -€1,056 | -50.1% |
| Suppliers | 440/4 | €2,108 | €1,052 | -€1,056 | -50.1% |
| Taxes, remuneration and social security | 45 | €22,137 | €27,723 | +€5,586 | +25.2% |
| Taxes | 450/3 | €22,137 | €27,723 | +€5,586 | +25.2% |
| Other amounts payable | 47/48 | €3,109 | €619 | -€2,490 | -80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €902 | €1,165 | +€263 | +29.2% |
| Other operating charges | 640/8 | €73 | €1,508 | +€1,435 | +1972.4% |
| Gross operating margin | 9900 | €81,520 | €84,580 | +€3,059 | +3.8% |
| Operating profit (loss) | 9901 | €80,545 | €81,906 | +€1,361 | +1.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €93 | €145 | +€52 | +55.4% |
| Recurring financial charges | 65 | €93 | €145 | +€52 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | €80,452 | €81,761 | +€1,309 | +1.6% |
| Income taxes | 67/77 | €17,180 | €19,354 | +€2,174 | +12.7% |
| Profit (loss) for the period | 9904 | €63,272 | €62,407 | -€865 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,272 | €62,407 | -€865 | -1.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.