WESTERN FALCON: 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.
WESTERN FALCON
Largest movements
- Receivables within one year -€126,730
down €126,730 (-40.6%), from €312,055 to €185,325
of which Trade receivables: -€125,748
- Trade debts -€123,325
down €123,325 (-39.5%), from €312,142 to €188,816
- Profit (loss) carried forward -€4,848
down €4,848 (-182%), from -€2,669 to -€7,517
- Gross operating margin -€1,063
down €1,063 (-155%), from -€686 to -€1,749
- Other operating charges +€1,009
up €1,009 (+175%), from €578 to €1,587
- Financial charges -€77
down €77 (-49.0%), from €157 to €80
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €319,487 | €191,325 | -€128,162 | -40.1% |
| Formation expenses | 20 | €232 | - | -€232 | |
| Fixed assets | 21/28 | €7,200 | €6,000 | -€1,200 | -16.7% |
| Tangible fixed assets | 22/27 | €7,200 | €6,000 | -€1,200 | -16.7% |
| Furniture and vehicles | 24 | €7,200 | €6,000 | -€1,200 | -16.7% |
| Current assets | 29/58 | €312,055 | €185,325 | -€126,730 | -40.6% |
| Amounts receivable within one year | 40/41 | €312,055 | €185,325 | -€126,730 | -40.6% |
| Trade receivables | 40 | €307,808 | €182,060 | -€125,748 | -40.9% |
| Other amounts receivable | 41 | €4,248 | €3,265 | -€982 | -23.1% |
| Total equity and liabilities | 10/49 | €319,487 | €191,325 | -€128,162 | -40.1% |
| Equity | 10/15 | €7,331 | €2,483 | -€4,848 | -66.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,669 | -€7,517 | -€4,848 | -182% |
| Amounts payable | 17/49 | €312,156 | €188,842 | -€123,314 | -39.5% |
| Amounts payable after more than one year | 17 | €14 | - | -€14 | |
| Financial debts | 170/4 | €14 | - | -€14 | |
| Amounts payable within one year | 42/48 | €312,142 | €188,842 | -€123,300 | -39.5% |
| Financial debts | 43 | - | €25 | +€25 | |
| Credit institutions | 430/8 | - | €25 | +€25 | |
| Trade debts | 44 | €312,142 | €188,816 | -€123,325 | -39.5% |
| Suppliers | 440/4 | €312,142 | €188,816 | -€123,325 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,432 | €1,432 | -€0 | 0.0% |
| Other operating charges | 640/8 | €578 | €1,587 | +€1,009 | +175% |
| Gross operating margin | 9900 | -€686 | -€1,749 | -€1,063 | -155% |
| Operating profit (loss) | 9901 | -€2,696 | -€4,768 | -€2,072 | -76.8% |
| Financial charges | 65/66B | €157 | €80 | -€77 | -49.0% |
| Recurring financial charges | 65 | €157 | €80 | -€77 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,853 | -€4,848 | -€1,995 | -69.9% |
| Profit (loss) for the period | 9904 | -€2,853 | -€4,848 | -€1,995 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,853 | -€4,848 | -€1,995 | -69.9% |
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 17 October 2026 via checked.be.