WESTEL: 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.
WESTEL
Largest movements
- Tangible fixed assets -€24,736
down €24,736 (-3.7%), from €673,472 to €648,736
of which Land and buildings: -€19,584
- Current portion of long-term debt -€16,450
down €16,450 (-74.6%), from €22,041 to €5,591
- Gross operating margin -€4,042
down €4,042 (-8.7%), from €46,366 to €42,324
- Other operating charges -€1,452
down €1,452 (-14.2%), from €10,242 to €8,789
- Financial income +€664
up €664 (+406.4%), from €163 to €827
- Financial charges -€539
down €539 (-56.7%), from €951 to €412
- Taxes -€472
down €472 (-8.0%), from €5,877 to €5,405
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 | €719,030 | €694,691 | -€24,340 | -3.4% |
| Fixed assets | 21/28 | €673,472 | €648,736 | -€24,736 | -3.7% |
| Tangible fixed assets | 22/27 | €673,472 | €648,736 | -€24,736 | -3.7% |
| Land and buildings | 22 | €650,781 | €631,197 | -€19,584 | -3.0% |
| Plant, machinery and equipment | 23 | €18,924 | €17,539 | -€1,385 | -7.3% |
| Furniture and vehicles | 24 | €3,767 | - | -€3,767 | |
| Current assets | 29/58 | €45,558 | €45,955 | +€397 | +0.9% |
| Cash at bank and in hand | 54/58 | €43,093 | €43,460 | +€367 | +0.9% |
| Deferred charges and accrued income | 490/1 | €2,465 | €2,495 | +€30 | +1.2% |
| Total equity and liabilities | 10/49 | €719,030 | €694,691 | -€24,340 | -3.4% |
| Equity | 10/15 | €556,976 | €560,272 | +€3,296 | +0.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €542,668 | €545,083 | +€2,415 | +0.4% |
| Tax-exempt reserves | 132 | €128,405 | €121,820 | -€6,585 | -5.1% |
| Distributable reserves | 133 | €414,263 | €423,263 | +€9,000 | +2.2% |
| Profit (loss) carried forward | 14 | €8,111 | €8,992 | +€881 | +10.9% |
| Provisions and deferred taxes | 16 | €42,802 | €40,607 | -€2,195 | -5.1% |
| Deferred taxes | 168 | €42,802 | €40,607 | -€2,195 | -5.1% |
| Amounts payable | 17/49 | €119,253 | €93,812 | -€25,441 | -21.3% |
| Amounts payable after more than one year | 17 | €5,591 | - | -€5,591 | |
| Financial debts | 170/4 | €5,591 | - | -€5,591 | |
| Amounts payable within one year | 42/48 | €113,662 | €93,812 | -€19,850 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €22,041 | €5,591 | -€16,450 | -74.6% |
| Trade debts | 44 | €1,078 | €1,635 | +€557 | +51.7% |
| Suppliers | 440/4 | €1,078 | €1,635 | +€557 | +51.7% |
| Taxes, remuneration and social security | 45 | €5,877 | €5,157 | -€720 | -12.2% |
| Taxes | 450/3 | €5,877 | €5,157 | -€720 | -12.2% |
| Other amounts payable | 47/48 | €84,667 | €81,429 | -€3,237 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,172 | €27,444 | +€272 | +1.0% |
| Other operating charges | 640/8 | €10,242 | €8,789 | -€1,452 | -14.2% |
| Gross operating margin | 9900 | €46,366 | €42,324 | -€4,042 | -8.7% |
| Operating profit (loss) | 9901 | €8,953 | €6,091 | -€2,861 | -32.0% |
| Financial income | 75/76B | €163 | €827 | +€664 | +406.4% |
| Recurring financial income | 75 | €163 | €827 | +€664 | +406.4% |
| Financial charges | 65/66B | €951 | €412 | -€539 | -56.7% |
| Recurring financial charges | 65 | €951 | €412 | -€539 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | €8,164 | €6,506 | -€1,658 | -20.3% |
| Transfer from deferred taxes | 780 | €2,195 | €2,195 | = | 0.0% |
| Income taxes | 67/77 | €5,877 | €5,405 | -€472 | -8.0% |
| Profit (loss) for the period | 9904 | €4,482 | €3,296 | -€1,186 | -26.5% |
| Transfer from tax-exempt reserves | 789 | €6,585 | €6,585 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,068 | €9,881 | -€1,186 | -10.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.