WESTERLINDE: 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.
WESTERLINDE
Largest movements
- Current investments +€923,845
new in 2025: €923,845
- Cash -€535,254
no longer reported in 2025 (was €535,254)
mainly Current investments (-€923,845) and Deferred charges and accrued income (-€143,275)
- Deferred charges and accrued income +€143,275
up €143,275 (+25,604%), from €560 to €143,834
- Receivables within one year -€103,696
down €103,696 (-4.2%), from €2.5m to €2.4m
of which Other amounts receivable: -€150,691
- Debts within one year +€318,942
up €318,942 (+16.8%), from €1.9m to €2.2m
of which Trade debts: +€265,558
- Profit (loss) carried forward +€218,832
up €218,832 (+14.5%), from €1.5m to €1.7m
- Debts after one year -€100,000
down €100,000 (-24.6%), from €407,300 to €307,300
- Gross operating margin +€406,945
up €406,945 (+5.9%), from €6.9m to €7.3m
- Staff costs +€215,475
up €215,475 (+3.2%), from €6.7m to €6.9m
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 | €3,811,094 | €4,248,868 | +€437,774 | +11.5% |
| Fixed assets | 21/28 | €782,748 | €792,352 | +€9,604 | +1.2% |
| Intangible fixed assets | 21 | €153,840 | €124,340 | -€29,500 | -19.2% |
| Tangible fixed assets | 22/27 | €228,908 | €268,012 | +€39,104 | +17.1% |
| Plant, machinery and equipment | 23 | €183,366 | €152,277 | -€31,090 | -17.0% |
| Furniture and vehicles | 24 | €45,542 | €34,327 | -€11,214 | -24.6% |
| Assets under construction and advance payments | 27 | - | €81,408 | +€81,408 | |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €3,028,346 | €3,456,516 | +€428,170 | +14.1% |
| Amounts receivable within one year | 40/41 | €2,492,532 | €2,388,837 | -€103,696 | -4.2% |
| Trade receivables | 40 | €1,290,782 | €1,337,778 | +€46,996 | +3.6% |
| Other amounts receivable | 41 | €1,201,750 | €1,051,059 | -€150,691 | -12.5% |
| Current investments | 50/53 | - | €923,845 | +€923,845 | |
| Cash at bank and in hand | 54/58 | €535,254 | - | -€535,254 | |
| Deferred charges and accrued income | 490/1 | €560 | €143,834 | +€143,275 | +25,604% |
| Total equity and liabilities | 10/49 | €3,811,094 | €4,248,868 | +€437,774 | +11.5% |
| Equity | 10/15 | €1,505,782 | €1,724,613 | +€218,832 | +14.5% |
| Profit (loss) carried forward | 14 | €1,505,782 | €1,724,613 | +€218,832 | +14.5% |
| Amounts payable | 17/49 | €2,305,312 | €2,524,254 | +€218,942 | +9.5% |
| Amounts payable after more than one year | 17 | €407,300 | €307,300 | -€100,000 | -24.6% |
| Trade debts | 175 | €407,300 | €307,300 | -€100,000 | -24.6% |
| Amounts payable within one year | 42/48 | €1,898,012 | €2,216,954 | +€318,942 | +16.8% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Other loans | 439 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €830,078 | €1,095,636 | +€265,558 | +32.0% |
| Suppliers | 440/4 | €830,078 | €1,095,636 | +€265,558 | +32.0% |
| Taxes, remuneration and social security | 45 | €915,138 | €906,771 | -€8,368 | -0.9% |
| Taxes | 450/3 | - | €1,396 | +€1,396 | |
| Remuneration and social security | 454/9 | €915,138 | €905,374 | -€9,764 | -1.1% |
| Non-recurring operating income | 76A | €27,990 | €13,733 | -€14,257 | -50.9% |
| Remuneration, social security and pensions | 62 | €6,730,360 | €6,945,835 | +€215,475 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,086 | €98,463 | -€27,623 | -21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,501 | -€1,145 | -€6,646 | |
| Other operating charges | 640/8 | €74 | €4,684 | +€4,610 | +6,247% |
| Gross operating margin | 9900 | €6,880,987 | €7,287,932 | +€406,945 | +5.9% |
| Operating profit (loss) | 9901 | €18,965 | €240,094 | +€221,129 | +1,166% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €22,385 | €21,263 | -€1,122 | -5.0% |
| Recurring financial charges | 65 | €22,385 | €21,263 | -€1,122 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,405 | €218,832 | +€222,237 | |
| Profit (loss) for the period | 9904 | -€3,405 | €218,832 | +€222,237 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,405 | €218,832 | +€222,237 |
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 14 October 2026 via checked.be.