WESTERHAUWE: 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.
WESTERHAUWE
Largest movements
- Tangible fixed assets -€45,445
down €45,445 (-14.3%), from €316,704 to €271,259
- Cash +€11,038
up €11,038 (+153.2%), from €7,204 to €18,242
mainly Depreciation (+€45,445) and Tax, wage and social debts (+€619)
- Current portion of long-term debt -€22,170
no longer reported in 2025 (was €22,170)
- Revaluation surpluses -€15,493
down €15,493 (-25.0%), from €61,973 to €46,480
- Reserves +€15,493
up €15,493 (+3.8%), from €402,800 to €418,294
- Profit (loss) carried forward -€7,401
down €7,401 (-1.8%), from -€407,726 to -€415,127
- Other debts -€3,667
down €3,667 (-2.5%), from €145,471 to €141,804
- Gross operating margin +€1,239
up €1,239 (+3.0%), from €40,816 to €42,055
- Taxes +€670
up €670 (+27.6%), from €2,432 to €3,102
- Financial charges -€467
down €467 (-53.9%), from €868 to €401
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 | €323,907 | €289,501 | -€34,406 | -10.6% |
| Fixed assets | 21/28 | €316,704 | €271,259 | -€45,445 | -14.3% |
| Tangible fixed assets | 22/27 | €316,704 | €271,259 | -€45,445 | -14.3% |
| Land and buildings | 22 | €316,704 | €271,259 | -€45,445 | -14.3% |
| Current assets | 29/58 | €7,204 | €18,242 | +€11,038 | +153.2% |
| Cash at bank and in hand | 54/58 | €7,204 | €18,242 | +€11,038 | +153.2% |
| Total equity and liabilities | 10/49 | €323,907 | €289,501 | -€34,406 | -10.6% |
| Equity | 10/15 | €119,048 | €111,647 | -€7,401 | -6.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €61,973 | €46,480 | -€15,493 | -25.0% |
| Reserves | 13 | €402,800 | €418,294 | +€15,493 | +3.8% |
| Distributable reserves | 133 | €402,800 | €418,294 | +€15,493 | +3.8% |
| Profit (loss) carried forward | 14 | -€407,726 | -€415,127 | -€7,401 | -1.8% |
| Amounts payable | 17/49 | €204,860 | €177,854 | -€27,006 | -13.2% |
| Amounts payable after more than one year | 17 | €33,000 | €33,000 | = | 0.0% |
| Financial debts | 170/4 | €33,000 | €33,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €171,860 | €144,854 | -€27,006 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €22,170 | - | -€22,170 | |
| Trade debts | 44 | €1,787 | - | -€1,787 | |
| Suppliers | 440/4 | €1,787 | - | -€1,787 | |
| Taxes, remuneration and social security | 45 | €2,432 | €3,050 | +€619 | +25.4% |
| Taxes | 450/3 | €2,432 | €3,050 | +€619 | +25.4% |
| Other amounts payable | 47/48 | €145,471 | €141,804 | -€3,667 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,445 | €45,445 | = | 0.0% |
| Other operating charges | 640/8 | €885 | €705 | -€179 | -20.3% |
| Gross operating margin | 9900 | €40,816 | €42,055 | +€1,239 | +3.0% |
| Operating profit (loss) | 9901 | -€5,514 | -€4,095 | +€1,418 | +25.7% |
| Financial income | 75/76B | - | €197 | +€197 | |
| Recurring financial income | 75 | - | €197 | +€197 | |
| Financial charges | 65/66B | €868 | €401 | -€467 | -53.9% |
| Recurring financial charges | 65 | €868 | €401 | -€467 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,382 | -€4,299 | +€2,083 | +32.6% |
| Income taxes | 67/77 | €2,432 | €3,102 | +€670 | +27.6% |
| Profit (loss) for the period | 9904 | -€8,813 | -€7,401 | +€1,413 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,813 | -€7,401 | +€1,413 | +16.0% |
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 11 October 2026 via checked.be.