WESTERLIES: 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.
WESTERLIES
Largest movements
- Cash +€50,965
up €50,965 (+130.5%), from €39,046 to €90,011
mainly Net result for the year (+€109,117) and Tax, wage and social debts (+€11,316)
- Reserves +€100,000
up €100,000 (+20.1%), from €497,658 to €597,658
- Debts after one year -€33,617
down €33,617 (-22.7%), from €147,954 to €114,337
- Financial income +€68,765
up €68,765 (+166.7%), from €41,259 to €110,024
- Taxes +€7,205
up €7,205 (+78.3%), from €9,198 to €16,402
- Gross operating margin +€4,002
up €4,002 (+12.8%), from €31,198 to €35,200
- Financial charges -€1,876
down €1,876 (-18.3%), from €10,239 to €8,363
- Depreciation +€1,592
up €1,592 (+23.3%), from €6,845 to €8,437
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 | €1,910,259 | €1,973,052 | +€62,793 | +3.3% |
| Fixed assets | 21/28 | €1,855,210 | €1,867,916 | +€12,707 | +0.7% |
| Tangible fixed assets | 22/27 | €242,796 | €255,502 | +€12,707 | +5.2% |
| Land and buildings | 22 | €239,478 | €234,721 | -€4,757 | -2.0% |
| Plant, machinery and equipment | 23 | €3,074 | €1,491 | -€1,583 | -51.5% |
| Furniture and vehicles | 24 | €244 | €19,290 | +€19,046 | +7798.7% |
| Financial fixed assets | 28 | €1,612,414 | €1,612,414 | = | 0.0% |
| Current assets | 29/58 | €55,050 | €105,136 | +€50,086 | +91.0% |
| Amounts receivable within one year | 40/41 | €16,004 | €15,125 | -€879 | -5.5% |
| Trade receivables | 40 | €15,125 | €15,125 | = | 0.0% |
| Other amounts receivable | 41 | €879 | - | -€879 | |
| Cash at bank and in hand | 54/58 | €39,046 | €90,011 | +€50,965 | +130.5% |
| Total equity and liabilities | 10/49 | €1,910,259 | €1,973,052 | +€62,793 | +3.3% |
| Equity | 10/15 | €1,638,993 | €1,748,110 | +€109,117 | +6.7% |
| Contributions | 10/11 | €1,131,014 | €1,131,014 | = | 0.0% |
| Reserves | 13 | €497,658 | €597,658 | +€100,000 | +20.1% |
| Distributable reserves | 133 | €497,658 | €597,658 | +€100,000 | +20.1% |
| Profit (loss) carried forward | 14 | €10,321 | €19,438 | +€9,117 | +88.3% |
| Amounts payable | 17/49 | €271,266 | €224,942 | -€46,324 | -17.1% |
| Amounts payable after more than one year | 17 | €147,954 | €114,337 | -€33,617 | -22.7% |
| Financial debts | 170/4 | €147,954 | €114,337 | -€33,617 | -22.7% |
| Amounts payable within one year | 42/48 | €121,792 | €109,085 | -€12,707 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €32,429 | €33,617 | +€1,189 | +3.7% |
| Trade debts | 44 | €9,095 | €2,183 | -€6,911 | -76.0% |
| Suppliers | 440/4 | €9,095 | €2,183 | -€6,911 | -76.0% |
| Taxes, remuneration and social security | 45 | €7,585 | €18,901 | +€11,316 | +149.2% |
| Taxes | 450/3 | €4,385 | €15,701 | +€11,316 | +258.0% |
| Remuneration and social security | 454/9 | €3,200 | €3,200 | = | 0.0% |
| Other amounts payable | 47/48 | €72,683 | €54,384 | -€18,300 | -25.2% |
| Accrued charges and deferred income | 492/3 | €1,521 | €1,521 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,845 | €8,437 | +€1,592 | +23.3% |
| Other operating charges | 640/8 | €2,286 | €2,903 | +€618 | +27.0% |
| Gross operating margin | 9900 | €31,198 | €35,200 | +€4,002 | +12.8% |
| Operating profit (loss) | 9901 | €22,067 | €23,859 | +€1,792 | +8.1% |
| Financial income | 75/76B | €41,259 | €110,024 | +€68,765 | +166.7% |
| Recurring financial income | 75 | €41,259 | €110,024 | +€68,765 | +166.7% |
| Financial charges | 65/66B | €10,239 | €8,363 | -€1,876 | -18.3% |
| Recurring financial charges | 65 | €10,239 | €8,363 | -€1,876 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €53,086 | €125,519 | +€72,433 | +136.4% |
| Income taxes | 67/77 | €9,198 | €16,402 | +€7,205 | +78.3% |
| Profit (loss) for the period | 9904 | €43,889 | €109,117 | +€65,228 | +148.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,889 | €109,117 | +€65,228 | +148.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.