WESTELHOF: 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.
WESTELHOF
Largest movements
- Cash -€6,014
down €6,014 (-23.7%), from €25,384 to €19,370
mainly Net result for the year (-€21,998) and Tax, wage and social debts (-€8,001)
- Stocks and contracts -€1,679
down €1,679 (-12.2%), from €13,795 to €12,116
- Receivables within one year -€1,560
down €1,560 (-24.6%), from €6,343 to €4,782
of which Other amounts receivable: -€810
- Profit (loss) carried forward -€21,998
down €21,998 (-74.4%), from -€29,569 to -€51,568
- Other debts +€20,586
up €20,586 (+114%), from €18,136 to €38,722
- Tax, wage and social debts -€8,001
down €8,001 (-54.7%), from €14,626 to €6,625
of which Remuneration and social security: -€8,721
- Gross operating margin -€37,097
down €37,097 (-26.1%), from €142,127 to €105,029
- Staff costs -€1,591
down €1,591 (-1.3%), from €126,225 to €124,633
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 | €48,508 | €39,169 | -€9,340 | -19.3% |
| Fixed assets | 21/28 | €1,128 | €892 | -€236 | -20.9% |
| Tangible fixed assets | 22/27 | €727 | €462 | -€266 | -36.5% |
| Furniture and vehicles | 24 | €727 | €462 | -€266 | -36.5% |
| Financial fixed assets | 28 | €401 | €430 | +€30 | +7.4% |
| Current assets | 29/58 | €47,380 | €38,277 | -€9,103 | -19.2% |
| Stocks and contracts in progress | 3 | €13,795 | €12,116 | -€1,679 | -12.2% |
| Stocks | 30/36 | €13,795 | €12,116 | -€1,679 | -12.2% |
| Amounts receivable within one year | 40/41 | €6,343 | €4,782 | -€1,560 | -24.6% |
| Trade receivables | 40 | €1,053 | €303 | -€750 | -71.3% |
| Other amounts receivable | 41 | €5,290 | €4,480 | -€810 | -15.3% |
| Cash at bank and in hand | 54/58 | €25,384 | €19,370 | -€6,014 | -23.7% |
| Deferred charges and accrued income | 490/1 | €1,858 | €2,008 | +€150 | +8.1% |
| Total equity and liabilities | 10/49 | €48,508 | €39,169 | -€9,340 | -19.3% |
| Equity | 10/15 | €3,551 | -€18,448 | -€21,998 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,520 | €14,520 | = | 0.0% |
| Distributable reserves | 133 | €14,520 | €14,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,569 | -€51,568 | -€21,998 | -74.4% |
| Amounts payable | 17/49 | €44,958 | €57,616 | +€12,659 | +28.2% |
| Amounts payable within one year | 42/48 | €44,958 | €57,616 | +€12,659 | +28.2% |
| Trade debts | 44 | €12,196 | €12,270 | +€74 | +0.6% |
| Suppliers | 440/4 | €12,196 | €12,270 | +€74 | +0.6% |
| Taxes, remuneration and social security | 45 | €14,626 | €6,625 | -€8,001 | -54.7% |
| Taxes | 450/3 | €1,095 | €1,815 | +€720 | +65.7% |
| Remuneration and social security | 454/9 | €13,530 | €4,809 | -€8,721 | -64.5% |
| Other amounts payable | 47/48 | €18,136 | €38,722 | +€20,586 | +114% |
| Remuneration, social security and pensions | 62 | €126,225 | €124,633 | -€1,591 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €266 | = | 0.0% |
| Other operating charges | 640/8 | €1,590 | €1,943 | +€354 | +22.2% |
| Gross operating margin | 9900 | €142,127 | €105,029 | -€37,097 | -26.1% |
| Operating profit (loss) | 9901 | €14,046 | -€21,813 | -€35,860 | |
| Financial income | 75/76B | €34 | €64 | +€30 | +86.6% |
| Recurring financial income | 75 | €34 | €64 | +€30 | +86.6% |
| Financial charges | 65/66B | €422 | €230 | -€192 | -45.5% |
| Recurring financial charges | 65 | €422 | €230 | -€192 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €13,658 | -€21,979 | -€35,638 | |
| Income taxes | 67/77 | - | €19 | +€19 | |
| Profit (loss) for the period | 9904 | €13,658 | -€21,998 | -€35,657 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,658 | -€21,998 | -€35,657 |
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 23 October 2026 via checked.be.