WESTBOUW: 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.
WESTBOUW
Largest movements
- Stocks and contracts +€464,053
up €464,053 (+19.1%), from €2.4m to €2.9m
- Other debts +€439,449
up €439,449 (+42.5%), from €1.0m to €1.5m
- Trade debts +€46,715
up €46,715 (+33.3%), from €140,194 to €186,908
- Gross operating margin +€175,051
up €175,051, from -€122,072 to €52,980
- Financial charges +€67,537
up €67,537 (+209%), from €32,252 to €99,789
- Financial income -€10,788
down €10,788 (-31.3%), from €34,460 to €23,672
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 | €2,452,055 | €2,912,647 | +€460,593 | +18.8% |
| Fixed assets | 21/28 | €11,500 | €11,500 | = | 0.0% |
| Financial fixed assets | 28 | €11,500 | €11,500 | = | 0.0% |
| Current assets | 29/58 | €2,440,555 | €2,901,147 | +€460,593 | +18.9% |
| Stocks and contracts in progress | 3 | €2,423,412 | €2,887,466 | +€464,053 | +19.1% |
| Contracts in progress | 37 | €2,423,412 | €2,887,466 | +€464,053 | +19.1% |
| Amounts receivable within one year | 40/41 | €9,048 | €7,385 | -€1,664 | -18.4% |
| Other amounts receivable | 41 | €9,048 | €7,385 | -€1,664 | -18.4% |
| Cash at bank and in hand | 54/58 | €8,094 | €6,297 | -€1,797 | -22.2% |
| Total equity and liabilities | 10/49 | €2,452,055 | €2,912,647 | +€460,593 | +18.8% |
| Equity | 10/15 | €1,273,825 | €1,249,473 | -€24,351 | -1.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,245,000 | €1,220,000 | -€25,000 | -2.0% |
| Distributable reserves | 133 | €1,245,000 | €1,220,000 | -€25,000 | -2.0% |
| Profit (loss) carried forward | 14 | €3,825 | €4,473 | +€649 | +17.0% |
| Amounts payable | 17/49 | €1,178,230 | €1,663,174 | +€484,944 | +41.2% |
| Amounts payable after more than one year | 17 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,174,010 | €1,660,174 | +€486,164 | +41.4% |
| Trade debts | 44 | €140,194 | €186,908 | +€46,715 | +33.3% |
| Suppliers | 440/4 | €140,194 | €186,908 | +€46,715 | +33.3% |
| Other amounts payable | 47/48 | €1,033,816 | €1,473,266 | +€439,449 | +42.5% |
| Accrued charges and deferred income | 492/3 | €1,220 | €0 | -€1,220 | -100% |
| Other operating charges | 640/8 | €1,229 | €1,214 | -€14 | -1.2% |
| Gross operating margin | 9900 | -€122,072 | €52,980 | +€175,051 | |
| Operating profit (loss) | 9901 | -€123,300 | €51,765 | +€175,066 | |
| Financial income | 75/76B | €34,460 | €23,672 | -€10,788 | -31.3% |
| Recurring financial income | 75 | €34,460 | €23,672 | -€10,788 | -31.3% |
| Financial charges | 65/66B | €32,252 | €99,789 | +€67,537 | +209% |
| Recurring financial charges | 65 | €32,252 | €99,789 | +€67,537 | +209% |
| Profit (loss) for the period before taxes | 9903 | -€121,092 | -€24,351 | +€96,740 | +79.9% |
| Profit (loss) for the period | 9904 | -€121,092 | -€24,351 | +€96,740 | +79.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,092 | -€24,351 | +€96,740 | +79.9% |
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 19 October 2026 via checked.be.