WESTCOPAR: 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.
WESTCOPAR
Largest movements
- Receivables within one year -€182,477
down €182,477 (-60.4%), from €302,077 to €119,600
of which Trade receivables: -€167,459
- Cash +€15,935
up €15,935 (+5.1%), from €311,366 to €327,301
mainly Receivables within one year (+€182,477) and Net result for the year (+€66,040)
- Tangible fixed assets -€14,318
down €14,318 (-24.4%), from €58,697 to €44,379
of which Plant, machinery and equipment: -€8,525
- Advances received -€217,294
down €217,294 (-99.3%), from €218,794 to €1,500
- Reserves +€62,500
up €62,500 (+27.3%), from €229,200 to €291,700
of which Distributable reserves: +€62,500
- Trade debts -€43,387
down €43,387 (-45.9%), from €94,549 to €51,162
- Tax, wage and social debts +€19,741
up €19,741 (+113.2%), from €17,446 to €37,187
- Gross operating margin +€82,302
up €82,302 (+153.2%), from €53,737 to €136,039
- Taxes +€33,302
up €33,302 (+317.6%), from €10,487 to €43,789
- Financial charges +€4,063
up €4,063 (+1580.9%), from €257 to €4,320
- Other operating charges +€1,393
new in 2025: €1,393
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 | €672,845 | €492,976 | -€179,869 | -26.7% |
| Fixed assets | 21/28 | €59,402 | €45,084 | -€14,318 | -24.1% |
| Tangible fixed assets | 22/27 | €58,697 | €44,379 | -€14,318 | -24.4% |
| Land and buildings | 22 | €28,107 | €27,834 | -€273 | -1.0% |
| Plant, machinery and equipment | 23 | €8,525 | - | -€8,525 | |
| Furniture and vehicles | 24 | €22,065 | €16,545 | -€5,520 | -25.0% |
| Financial fixed assets | 28 | €705 | €705 | = | 0.0% |
| Current assets | 29/58 | €613,443 | €447,892 | -€165,551 | -27.0% |
| Stocks and contracts in progress | 3 | - | €991 | +€991 | |
| Stocks | 30/36 | - | €991 | +€991 | |
| Amounts receivable within one year | 40/41 | €302,077 | €119,600 | -€182,477 | -60.4% |
| Trade receivables | 40 | €284,312 | €116,853 | -€167,459 | -58.9% |
| Other amounts receivable | 41 | €17,765 | €2,747 | -€15,018 | -84.5% |
| Cash at bank and in hand | 54/58 | €311,366 | €327,301 | +€15,935 | +5.1% |
| Total equity and liabilities | 10/49 | €672,845 | €492,976 | -€179,869 | -26.7% |
| Equity | 10/15 | €251,461 | €316,668 | +€65,207 | +25.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Outside capital | 11 | €19,000 | €19,000 | = | 0.0% |
| Other | 1109/19 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €229,200 | €291,700 | +€62,500 | +27.3% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,300 | €43,300 | = | 0.0% |
| Distributable reserves | 133 | €184,000 | €246,500 | +€62,500 | +34.0% |
| Profit (loss) carried forward | 14 | €3,261 | €5,968 | +€2,707 | +83.0% |
| Provisions and deferred taxes | 16 | €26,500 | €26,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €26,500 | €26,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €26,500 | €26,500 | = | 0.0% |
| Amounts payable | 17/49 | €394,884 | €149,808 | -€245,076 | -62.1% |
| Amounts payable within one year | 42/48 | €394,884 | €149,808 | -€245,076 | -62.1% |
| Trade debts | 44 | €94,549 | €51,162 | -€43,387 | -45.9% |
| Suppliers | 440/4 | €94,549 | €51,162 | -€43,387 | -45.9% |
| Advances received on contracts in progress | 46 | €218,794 | €1,500 | -€217,294 | -99.3% |
| Taxes, remuneration and social security | 45 | €17,446 | €37,187 | +€19,741 | +113.2% |
| Taxes | 450/3 | €17,446 | €37,187 | +€19,741 | +113.2% |
| Other amounts payable | 47/48 | €64,095 | €59,959 | -€4,136 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,701 | €20,508 | -€1,193 | -5.5% |
| Other operating charges | 640/8 | - | €1,393 | +€1,393 | |
| Gross operating margin | 9900 | €53,737 | €136,039 | +€82,302 | +153.2% |
| Operating profit (loss) | 9901 | €32,036 | €114,138 | +€82,102 | +256.3% |
| Financial income | 75/76B | €22 | €11 | -€11 | -50.0% |
| Recurring financial income | 75 | €22 | €11 | -€11 | -50.0% |
| Financial charges | 65/66B | €257 | €4,320 | +€4,063 | +1580.9% |
| Recurring financial charges | 65 | €257 | €4,320 | +€4,063 | +1580.9% |
| Profit (loss) for the period before taxes | 9903 | €31,801 | €109,829 | +€78,028 | +245.4% |
| Income taxes | 67/77 | €10,487 | €43,789 | +€33,302 | +317.6% |
| Profit (loss) for the period | 9904 | €21,314 | €66,040 | +€44,726 | +209.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,314 | €66,040 | +€44,726 | +209.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.