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.
What changed
WESTEL
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€665
2024 · -€2,466+€1,801
Equity
€15,471
2024 · €16,136-€665
Cash
-
not filed
Balance sheet total
€15,471
2024 · €16,136-€665
Largest movements
Assets
- Receivables within one year -€665
down €665 (-4.1%), from €16,136 to €15,471
Equity and liabilities
- Profit (loss) carried forward -€665
down €665 (-0.6%), from -€107,811 to -€108,476
Income statement
- Gross operating margin +€1,807
up €1,807 (+87.2%), from -€2,072 to -€265
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.
Result 2024
-€2,466
Gross operating margin
+€1,807
Other operating charges
-€7
Result 2025
-€665
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,136 | €15,471 | -€665 | -4.1% |
| Current assets | 29/58 | €16,136 | €15,471 | -€665 | -4.1% |
| Amounts receivable within one year | 40/41 | €16,136 | €15,471 | -€665 | -4.1% |
| Other amounts receivable | 41 | €16,136 | €15,471 | -€665 | -4.1% |
| Total equity and liabilities | 10/49 | €16,136 | €15,471 | -€665 | -4.1% |
| Equity | 10/15 | €16,136 | €15,471 | -€665 | -4.1% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,811 | -€108,476 | -€665 | -0.6% |
| Other operating charges | 640/8 | €393 | €400 | +€7 | +1.7% |
| Gross operating margin | 9900 | -€2,072 | -€265 | +€1,807 | +87.2% |
| Operating profit (loss) | 9901 | -€2,466 | -€665 | +€1,801 | +73.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,466 | -€665 | +€1,801 | +73.0% |
| Profit (loss) for the period | 9904 | -€2,466 | -€665 | +€1,801 | +73.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,466 | -€665 | +€1,801 | +73.0% |
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 17 October 2026 via checked.be.