WestenD: 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.
WestenD
Largest movements
- Receivables within one year -€154,521
down €154,521 (-65.1%), from €237,476 to €82,955
of which Trade receivables: -€81,792
- Tangible fixed assets -€46,460
down €46,460 (-29.9%), from €155,384 to €108,925
of which Leasing and similar rights: -€41,256
- Profit (loss) carried forward -€172,877
down €172,877 (-121.7%), from -€142,042 to -€314,920
- Tax, wage and social debts -€94,607
down €94,607 (-45.4%), from €208,465 to €113,858
of which Taxes: -€51,319
- Trade debts +€57,456
up €57,456 (+71.2%), from €80,661 to €138,118
- Current portion of long-term debt +€23,836
up €23,836 (+37.8%), from €63,081 to €86,917
- Accrued charges and deferred income -€11,006
down €11,006 (-100.0%), from €11,006 to €0
- Gross operating margin -€196,036
down €196,036 (-29.2%), from €670,705 to €474,669
- Staff costs -€75,890
down €75,890 (-12.6%), from €603,400 to €527,510
- Other operating charges -€10,002
down €10,002 (-32.4%), from €30,879 to €20,877
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 | €393,539 | €193,767 | -€199,772 | -50.8% |
| Fixed assets | 21/28 | €155,384 | €108,925 | -€46,460 | -29.9% |
| Tangible fixed assets | 22/27 | €155,384 | €108,925 | -€46,460 | -29.9% |
| Plant, machinery and equipment | 23 | €8,159 | €5,660 | -€2,499 | -30.6% |
| Furniture and vehicles | 24 | €4,694 | €1,989 | -€2,705 | -57.6% |
| Leasing and similar rights | 25 | €142,532 | €101,275 | -€41,256 | -28.9% |
| Current assets | 29/58 | €238,154 | €84,842 | -€153,312 | -64.4% |
| Amounts receivable within one year | 40/41 | €237,476 | €82,955 | -€154,521 | -65.1% |
| Trade receivables | 40 | €163,755 | €81,963 | -€81,792 | -49.9% |
| Other amounts receivable | 41 | €73,721 | €992 | -€72,729 | -98.7% |
| Cash at bank and in hand | 54/58 | €22 | €1,858 | +€1,836 | +8205.7% |
| Deferred charges and accrued income | 490/1 | €656 | €29 | -€627 | -95.6% |
| Total equity and liabilities | 10/49 | €393,539 | €193,767 | -€199,772 | -50.8% |
| Equity | 10/15 | -€137,042 | -€309,920 | -€172,877 | -126.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,042 | -€314,920 | -€172,877 | -121.7% |
| Amounts payable | 17/49 | €530,581 | €503,686 | -€26,895 | -5.1% |
| Amounts payable after more than one year | 17 | €167,368 | €164,793 | -€2,574 | -1.5% |
| Financial debts | 170/4 | €167,368 | €164,793 | -€2,574 | -1.5% |
| Amounts payable within one year | 42/48 | €352,208 | €338,893 | -€13,315 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €63,081 | €86,917 | +€23,836 | +37.8% |
| Trade debts | 44 | €80,661 | €138,118 | +€57,456 | +71.2% |
| Suppliers | 440/4 | €80,661 | €138,118 | +€57,456 | +71.2% |
| Taxes, remuneration and social security | 45 | €208,465 | €113,858 | -€94,607 | -45.4% |
| Taxes | 450/3 | €89,108 | €37,789 | -€51,319 | -57.6% |
| Remuneration and social security | 454/9 | €119,357 | €76,069 | -€43,288 | -36.3% |
| Accrued charges and deferred income | 492/3 | €11,006 | €0 | -€11,006 | -100.0% |
| Non-recurring operating income | 76A | €4,657 | €0 | -€4,657 | -100.0% |
| Remuneration, social security and pensions | 62 | €603,400 | €527,510 | -€75,890 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,611 | €46,460 | -€3,151 | -6.4% |
| Other operating charges | 640/8 | €30,879 | €20,877 | -€10,002 | -32.4% |
| Non-recurring operating charges | 66A | €41,121 | €35,666 | -€5,455 | -13.3% |
| Gross operating margin | 9900 | €670,705 | €474,669 | -€196,036 | -29.2% |
| Operating profit (loss) | 9901 | -€54,306 | -€155,844 | -€101,538 | -187.0% |
| Financial income | 75/76B | €4,063 | €1,290 | -€2,774 | -68.3% |
| Recurring financial income | 75 | €4,063 | €1,290 | -€2,774 | -68.3% |
| Financial charges | 65/66B | €18,781 | €18,173 | -€608 | -3.2% |
| Recurring financial charges | 65 | €18,781 | €18,173 | -€608 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€69,024 | -€172,727 | -€103,704 | -150.2% |
| Income taxes | 67/77 | €155 | €150 | -€5 | -3.5% |
| Profit (loss) for the period | 9904 | -€69,179 | -€172,877 | -€103,698 | -149.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,179 | -€172,877 | -€103,698 | -149.9% |
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 3 October 2026 via checked.be.