WESTEND: 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.
WESTEND
Largest movements
- Financial fixed assets +€80,447
up €80,447 (+3.1%), from €2.6m to €2.6m
- Receivables within one year +€64,136
up €64,136 (+12.8%), from €501,911 to €566,047
of which Trade receivables: +€91,043
- Tangible fixed assets -€41,832
down €41,832 (-6.1%), from €686,489 to €644,657
of which Land and buildings: -€44,499
- Other debts +€121,336
up €121,336 (+13.1%), from €928,149 to €1.0m
- Tax, wage and social debts -€54,321
down €54,321 (-61.4%), from €88,480 to €34,159
- Gross operating margin -€545,277
down €545,277 (-80.6%), from €676,339 to €131,062
- Taxes -€166,588
down €166,588 (-92.5%), from €180,010 to €13,423
- Depreciation -€17,188
down €17,188 (-38.6%), from €44,499 to €27,311
- Financial income +€11,500
up €11,500 (+15.2%), from €75,544 to €87,043
- Financial charges -€7,459
down €7,459 (-5.5%), from €134,591 to €127,132
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 | €3,843,916 | €3,913,174 | +€69,258 | +1.8% |
| Fixed assets | 21/28 | €3,251,793 | €3,290,408 | +€38,615 | +1.2% |
| Tangible fixed assets | 22/27 | €686,489 | €644,657 | -€41,832 | -6.1% |
| Land and buildings | 22 | €686,489 | €641,989 | -€44,499 | -6.5% |
| Plant, machinery and equipment | 23 | - | €2,667 | +€2,667 | |
| Financial fixed assets | 28 | €2,565,305 | €2,645,751 | +€80,447 | +3.1% |
| Current assets | 29/58 | €592,123 | €622,766 | +€30,643 | +5.2% |
| Amounts receivable within one year | 40/41 | €501,911 | €566,047 | +€64,136 | +12.8% |
| Trade receivables | 40 | €9,550 | €100,593 | +€91,043 | +953% |
| Other amounts receivable | 41 | €492,361 | €465,453 | -€26,907 | -5.5% |
| Cash at bank and in hand | 54/58 | €89,628 | €55,280 | -€34,348 | -38.3% |
| Deferred charges and accrued income | 490/1 | €584 | €1,439 | +€855 | +147% |
| Total equity and liabilities | 10/49 | €3,843,916 | €3,913,174 | +€69,258 | +1.8% |
| Equity | 10/15 | €1,671,047 | €1,697,692 | +€26,645 | +1.6% |
| Contributions | 10/11 | €560,000 | €560,000 | = | 0.0% |
| Reserves | 13 | €1,111,047 | €1,137,692 | +€26,645 | +2.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,111,047 | €1,137,692 | +€26,645 | +2.4% |
| Amounts payable | 17/49 | €2,172,869 | €2,215,482 | +€42,613 | +2.0% |
| Amounts payable within one year | 42/48 | €2,172,869 | €2,215,482 | +€42,613 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,130,000 | €1,130,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,130,000 | €1,130,000 | = | 0.0% |
| Trade debts | 44 | €26,240 | €1,837 | -€24,402 | -93.0% |
| Suppliers | 440/4 | €26,240 | €1,837 | -€24,402 | -93.0% |
| Taxes, remuneration and social security | 45 | €88,480 | €34,159 | -€54,321 | -61.4% |
| Taxes | 450/3 | €88,480 | €34,159 | -€54,321 | -61.4% |
| Other amounts payable | 47/48 | €928,149 | €1,049,486 | +€121,336 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,499 | €27,311 | -€17,188 | -38.6% |
| Other operating charges | 640/8 | €8,870 | €6,261 | -€2,609 | -29.4% |
| Non-recurring operating charges | 66A | - | €17,333 | +€17,333 | |
| Gross operating margin | 9900 | €676,339 | €131,062 | -€545,277 | -80.6% |
| Operating profit (loss) | 9901 | €622,970 | €80,157 | -€542,813 | -87.1% |
| Financial income | 75/76B | €75,544 | €87,043 | +€11,500 | +15.2% |
| Recurring financial income | 75 | €75,544 | €87,043 | +€11,500 | +15.2% |
| Financial charges | 65/66B | €134,591 | €127,132 | -€7,459 | -5.5% |
| Recurring financial charges | 65 | €134,591 | €127,132 | -€7,459 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €563,922 | €40,068 | -€523,854 | -92.9% |
| Income taxes | 67/77 | €180,010 | €13,423 | -€166,588 | -92.5% |
| Profit (loss) for the period | 9904 | €383,912 | €26,645 | -€357,266 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €383,912 | €26,645 | -€357,266 | -93.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.