Westerlinck Concepts: what changed
Westerlinck Concepts
Largest movements
- Receivables within one year -€20,277
down €20,277 (-21.0%), from €96,612 to €76,334
of which Trade receivables: -€26,855
- Cash +€6,870
up €6,870 (+66.0%), from €10,404 to €17,274
mainly Receivables within one year (+€20,277) and Contributions, distributions and other (+€1,916)
- Tangible fixed assets +€1,261
up €1,261 (+10.2%), from €12,414 to €13,675
of which Furniture and vehicles: +€2,705
- Trade debts -€12,170
down €12,170 (-38.7%), from €31,465 to €19,296
- Reserves +€1,916
up €1,916 (+2.6%), from €73,453 to €75,369
- Gross operating margin -€12,743
down €12,743 (-74.1%), from €17,189 to €4,446
- Other operating charges -€3,164
down €3,164 (-80.2%), from €3,942 to €779
- Taxes -€2,069
down €2,069 (-56.0%), from €3,693 to €1,624
- Depreciation -€1,421
down €1,421 (-42.8%), from €3,320 to €1,899
- Financial charges +€518
up €518 (+71.4%), from €725 to €1,243
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,955 | €108,113 | -€11,842 | -9.9% |
| Fixed assets | 21/28 | €12,414 | €13,675 | +€1,261 | +10.2% |
| Tangible fixed assets | 22/27 | €12,414 | €13,675 | +€1,261 | +10.2% |
| Plant, machinery and equipment | 23 | €11,656 | €10,212 | -€1,444 | -12.4% |
| Furniture and vehicles | 24 | €758 | €3,463 | +€2,705 | +357% |
| Current assets | 29/58 | €107,541 | €94,439 | -€13,103 | -12.2% |
| Amounts receivable within one year | 40/41 | €96,612 | €76,334 | -€20,277 | -21.0% |
| Trade receivables | 40 | €92,628 | €65,772 | -€26,855 | -29.0% |
| Other amounts receivable | 41 | €3,984 | €10,562 | +€6,578 | +165% |
| Cash at bank and in hand | 54/58 | €10,404 | €17,274 | +€6,870 | +66.0% |
| Deferred charges and accrued income | 490/1 | €525 | €830 | +€305 | +58.0% |
| Total equity and liabilities | 10/49 | €119,955 | €108,113 | -€11,842 | -9.9% |
| Equity | 10/15 | €79,653 | €80,808 | +€1,156 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,453 | €75,369 | +€1,916 | +2.6% |
| Distributable reserves | 133 | €73,453 | €75,369 | +€1,916 | +2.6% |
| Profit (loss) carried forward | 14 | - | -€761 | -€761 | |
| Amounts payable | 17/49 | €40,302 | €27,305 | -€12,997 | -32.2% |
| Amounts payable within one year | 42/48 | €40,302 | €27,305 | -€12,997 | -32.2% |
| Trade debts | 44 | €31,465 | €19,296 | -€12,170 | -38.7% |
| Suppliers | 440/4 | €31,465 | €19,296 | -€12,170 | -38.7% |
| Taxes, remuneration and social security | 45 | €8,837 | €8,009 | -€828 | -9.4% |
| Taxes | 450/3 | €8,837 | €8,009 | -€828 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,320 | €1,899 | -€1,421 | -42.8% |
| Other operating charges | 640/8 | €3,942 | €779 | -€3,164 | -80.2% |
| Gross operating margin | 9900 | €17,189 | €4,446 | -€12,743 | -74.1% |
| Operating profit (loss) | 9901 | €9,926 | €1,768 | -€8,159 | -82.2% |
| Financial income | 75/76B | €528 | €339 | -€190 | -35.9% |
| Recurring financial income | 75 | €528 | €339 | -€190 | -35.9% |
| Financial charges | 65/66B | €725 | €1,243 | +€518 | +71.4% |
| Recurring financial charges | 65 | €725 | €1,243 | +€518 | +71.4% |
| Profit (loss) for the period before taxes | 9903 | €9,729 | €863 | -€8,866 | -91.1% |
| Income taxes | 67/77 | €3,693 | €1,624 | -€2,069 | -56.0% |
| Profit (loss) for the period | 9904 | €6,036 | -€761 | -€6,797 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,036 | -€761 | -€6,797 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.