Westeik: 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.
Westeik
Largest movements
- Receivables within one year +€127,575
up €127,575 (+23.6%), from €539,792 to €667,368
of which Trade receivables: +€135,927
- Cash -€106,439
down €106,439 (-75.4%), from €141,215 to €34,776
mainly Receivables within one year (-€127,575) and Other debts (-€44,920)
- Reserves +€112,831
up €112,831 (+17.6%), from €640,129 to €752,960
- Other debts -€44,920
down €44,920 (-100.0%), from €44,920 to €0
- Debts after one year -€36,224
down €36,224 (-24.4%), from €148,274 to €112,050
- Gross operating margin -€9,221
down €9,221 (-5.0%), from €182,859 to €173,638
- Other operating charges -€8,938
down €8,938 (-60.7%), from €14,713 to €5,775
- Financial income +€7,850
up €7,850 (+686.2%), from €1,144 to €8,994
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 | €1,380,577 | €1,401,800 | +€21,223 | +1.5% |
| Fixed assets | 21/28 | €647,614 | €634,430 | -€13,183 | -2.0% |
| Tangible fixed assets | 22/27 | €46,080 | €32,896 | -€13,183 | -28.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,817 | €1,582 | -€235 | -12.9% |
| Furniture and vehicles | 24 | €1,116 | €135 | -€981 | -87.9% |
| Leasing and similar rights | 25 | €43,146 | €31,179 | -€11,968 | -27.7% |
| Financial fixed assets | 28 | €601,534 | €601,534 | = | 0.0% |
| Current assets | 29/58 | €732,963 | €767,369 | +€34,406 | +4.7% |
| Amounts receivable within one year | 40/41 | €539,792 | €667,368 | +€127,575 | +23.6% |
| Trade receivables | 40 | €531,440 | €667,368 | +€135,927 | +25.6% |
| Other amounts receivable | 41 | €8,352 | €0 | -€8,352 | -100.0% |
| Current investments | 50/53 | €51,255 | €65,226 | +€13,970 | +27.3% |
| Cash at bank and in hand | 54/58 | €141,215 | €34,776 | -€106,439 | -75.4% |
| Deferred charges and accrued income | 490/1 | €701 | €0 | -€701 | -100.0% |
| Total equity and liabilities | 10/49 | €1,380,577 | €1,401,800 | +€21,223 | +1.5% |
| Equity | 10/15 | €1,059,366 | €1,172,196 | +€112,831 | +10.7% |
| Contributions | 10/11 | €348,400 | €348,400 | = | 0.0% |
| Reserves | 13 | €640,129 | €752,960 | +€112,831 | +17.6% |
| Distributable reserves | 133 | €640,129 | €752,960 | +€112,831 | +17.6% |
| Profit (loss) carried forward | 14 | €70,836 | €70,836 | = | 0.0% |
| Amounts payable | 17/49 | €321,212 | €229,603 | -€91,608 | -28.5% |
| Amounts payable after more than one year | 17 | €148,274 | €112,050 | -€36,224 | -24.4% |
| Financial debts | 170/4 | €148,274 | €112,050 | -€36,224 | -24.4% |
| Amounts payable within one year | 42/48 | €172,937 | €115,562 | -€57,376 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €46,741 | €33,597 | -€13,144 | -28.1% |
| Financial debts | 43 | €33,427 | €33,429 | +€2 | 0.0% |
| Credit institutions | 430/8 | €33,427 | €33,429 | +€2 | 0.0% |
| Trade debts | 44 | €126 | €217 | +€91 | +72.2% |
| Suppliers | 440/4 | €126 | €217 | +€91 | +72.2% |
| Taxes, remuneration and social security | 45 | €47,723 | €48,319 | +€595 | +1.2% |
| Taxes | 450/3 | €47,330 | €47,926 | +€595 | +1.3% |
| Remuneration and social security | 454/9 | €393 | €393 | = | 0.0% |
| Other amounts payable | 47/48 | €44,920 | €0 | -€44,920 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,992 | +€1,992 | |
| Non-recurring operating income | 76A | €36,274 | - | -€36,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,205 | €13,183 | -€21 | -0.2% |
| Other operating charges | 640/8 | €14,713 | €5,775 | -€8,938 | -60.7% |
| Gross operating margin | 9900 | €182,859 | €173,638 | -€9,221 | -5.0% |
| Operating profit (loss) | 9901 | €154,941 | €154,680 | -€261 | -0.2% |
| Financial income | 75/76B | €1,144 | €8,994 | +€7,850 | +686.2% |
| Recurring financial income | 75 | €1,144 | €8,994 | +€7,850 | +686.2% |
| Financial charges | 65/66B | €7,669 | €6,771 | -€898 | -11.7% |
| Recurring financial charges | 65 | €7,669 | €6,771 | -€898 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €148,416 | €156,902 | +€8,486 | +5.7% |
| Income taxes | 67/77 | €42,825 | €44,071 | +€1,247 | +2.9% |
| Profit (loss) for the period | 9904 | €105,592 | €112,831 | +€7,239 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €105,592 | €112,831 | +€7,239 | +6.9% |
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 6 October 2026 via checked.be.