WESTERLAAN: 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.
WESTERLAAN
Largest movements
- Financial fixed assets -€5,000
no longer reported in 2025 (was €5,000)
- Deferred charges and accrued income -€3,329
down €3,329 (-91.9%), from €3,622 to €292
- Cash -€2,408
down €2,408 (-63.6%), from €3,785 to €1,376
mainly Other debts (-€74,434) and Tax, wage and social debts (-€3,093)
- Tangible fixed assets +€972
new in 2025: €972
- Other debts -€74,434
down €74,434 (-3.8%), from €2.0m to €1.9m
- Profit (loss) carried forward +€64,404
up €64,404 (+2.6%), from -€2.5m to -€2.4m
- Trade debts +€3,353
up €3,353 (+17.1%), from €19,627 to €22,980
of which Bills of exchange payable: +€13,185
- Tax, wage and social debts -€3,093
down €3,093 (-31.2%), from €9,919 to €6,825
of which Taxes: -€1,593
- Gross operating margin +€18,585
up €18,585 (+36.2%), from €51,379 to €69,964
- Financial charges +€4,037
up €4,037 (+563.8%), from €716 to €4,753
of which Non-recurring financial charges: +€4,168
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 | €25,861 | €16,091 | -€9,771 | -37.8% |
| Fixed assets | 21/28 | €5,000 | €972 | -€4,028 | -80.6% |
| Tangible fixed assets | 22/27 | - | €972 | +€972 | |
| Furniture and vehicles | 24 | - | €972 | +€972 | |
| Financial fixed assets | 28 | €5,000 | - | -€5,000 | |
| Current assets | 29/58 | €20,861 | €15,118 | -€5,743 | -27.5% |
| Amounts receivable within one year | 40/41 | €13,455 | €13,449 | -€5 | 0.0% |
| Trade receivables | 40 | €13,455 | €13,449 | -€5 | 0.0% |
| Cash at bank and in hand | 54/58 | €3,785 | €1,376 | -€2,408 | -63.6% |
| Deferred charges and accrued income | 490/1 | €3,622 | €292 | -€3,329 | -91.9% |
| Total equity and liabilities | 10/49 | €25,861 | €16,091 | -€9,771 | -37.8% |
| Equity | 10/15 | -€1,968,787 | -€1,904,383 | +€64,404 | +3.3% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,464,574 | -€2,400,170 | +€64,404 | +2.6% |
| Amounts payable | 17/49 | €1,994,648 | €1,920,474 | -€74,174 | -3.7% |
| Amounts payable within one year | 42/48 | €1,994,648 | €1,920,474 | -€74,174 | -3.7% |
| Trade debts | 44 | €19,627 | €22,980 | +€3,353 | +17.1% |
| Suppliers | 440/4 | €19,627 | €9,795 | -€9,832 | -50.1% |
| Bills of exchange payable | 441 | - | €13,185 | +€13,185 | |
| Taxes, remuneration and social security | 45 | €9,919 | €6,825 | -€3,093 | -31.2% |
| Taxes | 450/3 | €8,419 | €6,825 | -€1,593 | -18.9% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €1,965,102 | €1,890,668 | -€74,434 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €28 | +€28 | |
| Other operating charges | 640/8 | €529 | €494 | -€35 | -6.7% |
| Gross operating margin | 9900 | €51,379 | €69,964 | +€18,585 | +36.2% |
| Operating profit (loss) | 9901 | €50,850 | €69,442 | +€18,593 | +36.6% |
| Financial charges | 65/66B | €716 | €4,753 | +€4,037 | +563.8% |
| Recurring financial charges | 65 | €716 | €585 | -€131 | -18.3% |
| Non-recurring financial charges | 66B | - | €4,168 | +€4,168 | |
| Profit (loss) for the period before taxes | 9903 | €50,134 | €64,689 | +€14,556 | +29.0% |
| Income taxes | 67/77 | €288 | €286 | -€2 | -0.8% |
| Profit (loss) for the period | 9904 | €49,846 | €64,404 | +€14,558 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,846 | €64,404 | +€14,558 | +29.2% |
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 28 September 2026 via checked.be.