WESTERFLIER GROUP: 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.
WESTERFLIER GROUP
Largest movements
- Tangible fixed assets -€63,136
down €63,136 (-39.7%), from €159,174 to €96,039
of which Plant, machinery and equipment: -€54,812
- Intangible fixed assets -€50,000
down €50,000 (-16.7%), from €299,947 to €249,947
- Receivables after one year +€45,000
up €45,000 (+7.8%), from €575,000 to €620,000
- Cash -€28,386
down €28,386 (-29.3%), from €96,910 to €68,524
mainly Debts after one year (-€166,953) and Other debts (-€123,123)
- Reserves +€168,354
up €168,354 (+40.4%), from €417,152 to €585,505
- Debts after one year -€166,953
down €166,953 (-35.2%), from €474,838 to €307,885
of which Financial debts: -€104,647
- Other debts -€123,123
down €123,123 (-75.3%), from €163,568 to €40,445
- Gross operating margin +€170,058
up €170,058 (+34.3%), from €495,599 to €665,657
- Staff costs +€88,242
up €88,242 (+42.0%), from €209,951 to €298,193
- Taxes +€26,068
up €26,068 (+74.3%), from €35,081 to €61,149
- Financial charges +€11,129
up €11,129 (+51.0%), from €21,802 to €32,931
- Other operating charges -€9,262
down €9,262 (-72.2%), from €12,824 to €3,562
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 | €1,403,625 | €1,304,773 | -€98,852 | -7.0% |
| Fixed assets | 21/28 | €459,327 | €346,191 | -€113,136 | -24.6% |
| Intangible fixed assets | 21 | €299,947 | €249,947 | -€50,000 | -16.7% |
| Tangible fixed assets | 22/27 | €159,174 | €96,039 | -€63,136 | -39.7% |
| Plant, machinery and equipment | 23 | €91,375 | €36,563 | -€54,812 | -60.0% |
| Other tangible fixed assets | 26 | €67,800 | €59,476 | -€8,324 | -12.3% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €944,298 | €958,582 | +€14,284 | +1.5% |
| Amounts receivable after more than one year | 29 | €575,000 | €620,000 | +€45,000 | +7.8% |
| Other amounts receivable | 291 | €575,000 | €620,000 | +€45,000 | +7.8% |
| Stocks and contracts in progress | 3 | €168,802 | €156,941 | -€11,861 | -7.0% |
| Stocks | 30/36 | €168,802 | €156,941 | -€11,861 | -7.0% |
| Amounts receivable within one year | 40/41 | €99,963 | €108,433 | +€8,470 | +8.5% |
| Trade receivables | 40 | €50,091 | €50,847 | +€756 | +1.5% |
| Other amounts receivable | 41 | €49,872 | €57,586 | +€7,714 | +15.5% |
| Cash at bank and in hand | 54/58 | €96,910 | €68,524 | -€28,386 | -29.3% |
| Deferred charges and accrued income | 490/1 | €3,623 | €4,684 | +€1,061 | +29.3% |
| Total equity and liabilities | 10/49 | €1,403,625 | €1,304,773 | -€98,852 | -7.0% |
| Equity | 10/15 | €537,152 | €705,505 | +€168,354 | +31.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €417,152 | €585,505 | +€168,354 | +40.4% |
| Distributable reserves | 133 | €417,152 | €585,505 | +€168,354 | +40.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €866,473 | €599,268 | -€267,205 | -30.8% |
| Amounts payable after more than one year | 17 | €474,838 | €307,885 | -€166,953 | -35.2% |
| Financial debts | 170/4 | €231,001 | €126,355 | -€104,647 | -45.3% |
| Trade debts | 175 | €243,837 | €177,530 | -€66,306 | -27.2% |
| Other amounts payable | 178/9 | - | €4,000 | +€4,000 | |
| Amounts payable within one year | 42/48 | €391,636 | €291,383 | -€100,252 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €111,593 | €112,894 | +€1,300 | +1.2% |
| Trade debts | 44 | €64,787 | €75,875 | +€11,088 | +17.1% |
| Suppliers | 440/4 | €64,787 | €75,875 | +€11,088 | +17.1% |
| Taxes, remuneration and social security | 45 | €51,687 | €62,169 | +€10,482 | +20.3% |
| Taxes | 450/3 | €1,842 | €11,149 | +€9,307 | +505% |
| Remuneration and social security | 454/9 | €49,845 | €51,020 | +€1,175 | +2.4% |
| Other amounts payable | 47/48 | €163,568 | €40,445 | -€123,123 | -75.3% |
| Remuneration, social security and pensions | 62 | €209,951 | €298,193 | +€88,242 | +42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,474 | €113,136 | +€3,662 | +3.3% |
| Other operating charges | 640/8 | €12,824 | €3,562 | -€9,262 | -72.2% |
| Gross operating margin | 9900 | €495,599 | €665,657 | +€170,058 | +34.3% |
| Operating profit (loss) | 9901 | €163,351 | €250,767 | +€87,416 | +53.5% |
| Financial income | 75/76B | €4,843 | €11,668 | +€6,824 | +141% |
| Recurring financial income | 75 | €4,843 | €11,668 | +€6,824 | +141% |
| Financial charges | 65/66B | €21,802 | €32,931 | +€11,129 | +51.0% |
| Recurring financial charges | 65 | €21,802 | €32,931 | +€11,129 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €146,392 | €229,503 | +€83,111 | +56.8% |
| Income taxes | 67/77 | €35,081 | €61,149 | +€26,068 | +74.3% |
| Profit (loss) for the period | 9904 | €111,311 | €168,354 | +€57,043 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €111,311 | €168,354 | +€57,043 | +51.2% |
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 24 October 2026 via checked.be.