Western Shop: what changed
What changed
Western Shop
NACE 47.712, Retail trade
filed annual accounts (NBB)
Net result for the year
€74,009
2024 · €39,956+€34,053
Equity
€255,846
2024 · €181,837+€74,009
Cash
€65,147
2024 · €64,030+€1,117
Balance sheet total
€347,769
2024 · €425,729-€77,960
Largest movements
Assets
- Stocks and contracts -€47,390
down €47,390 (-20.0%), from €237,238 to €189,848
- Intangible fixed assets -€20,000
down €20,000 (-25.0%), from €80,000 to €60,000
- Tangible fixed assets -€6,630
down €6,630 (-23.3%), from €28,498 to €21,868
- Deferred charges and accrued income -€5,141
down €5,141 (-42.0%), from €12,252 to €7,111
Equity and liabilities
- Debts after one year -€150,828
down €150,828 (-78.0%), from €193,342 to €42,514
- Reserves +€74,009
up €74,009 (+42.4%), from €174,710 to €248,719
- Trade debts -€6,354
down €6,354 (-88.0%), from €7,220 to €867
- Tax, wage and social debts +€5,267
up €5,267 (+13.7%), from €38,351 to €43,618
Income statement
- Gross operating margin +€67,517
up €67,517 (+73.7%), from €91,607 to €159,124
- Write-downs +€19,072
up €19,072, from -€375 to €18,697
- Taxes +€14,183
up €14,183 (+69.6%), from €20,387 to €34,570
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.
Result 2024
€39,956
Gross operating margin
+€67,517
Depreciation
+€63
Write-downs
-€19,072
Other operating charges
-€21
Other operating items
-€600
Financial income
+€80
Financial charges
+€268
Taxes
-€14,183
Result 2025
€74,009
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€152,662
Investment
-€717
Financing
-€150,828
Cash 2024
€64,030
From operations (derived)
+€152,662
Net result for the year
+€74,009
Depreciation
+€27,347
Stocks and contracts
+€47,390
Smaller working-capital items
-€138
Deferred charges and accrued income
+€5,141
Trade debts
-€6,354
Tax, wage and social debts
+€5,267
Investment (derived)
-€717
Investment in fixed assets (net)
-€717
Financing
-€150,828
Debts after one year
-€150,828
Cash 2025
€65,147
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €425,729 | €347,769 | -€77,960 | -18.3% |
| Fixed assets | 21/28 | €108,498 | €81,868 | -€26,630 | -24.5% |
| Intangible fixed assets | 21 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Tangible fixed assets | 22/27 | €28,498 | €21,868 | -€6,630 | -23.3% |
| Furniture and vehicles | 24 | €28,498 | €21,868 | -€6,630 | -23.3% |
| Current assets | 29/58 | €317,231 | €265,901 | -€51,330 | -16.2% |
| Stocks and contracts in progress | 3 | €237,238 | €189,848 | -€47,390 | -20.0% |
| Stocks | 30/36 | €237,238 | €189,848 | -€47,390 | -20.0% |
| Amounts receivable within one year | 40/41 | €3,711 | €3,795 | +€84 | +2.3% |
| Trade receivables | 40 | €1,159 | €1,160 | +€1 | +0.1% |
| Other amounts receivable | 41 | €2,553 | €2,635 | +€82 | +3.2% |
| Cash at bank and in hand | 54/58 | €64,030 | €65,147 | +€1,117 | +1.7% |
| Deferred charges and accrued income | 490/1 | €12,252 | €7,111 | -€5,141 | -42.0% |
| Total equity and liabilities | 10/49 | €425,729 | €347,769 | -€77,960 | -18.3% |
| Equity | 10/15 | €181,837 | €255,846 | +€74,009 | +40.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €174,710 | €248,719 | +€74,009 | +42.4% |
| Distributable reserves | 133 | €174,710 | €248,719 | +€74,009 | +42.4% |
| Profit (loss) carried forward | 14 | €927 | €927 | = | 0.0% |
| Amounts payable | 17/49 | €243,892 | €91,923 | -€151,969 | -62.3% |
| Amounts payable after more than one year | 17 | €193,342 | €42,514 | -€150,828 | -78.0% |
| Other amounts payable | 178/9 | €193,342 | €42,514 | -€150,828 | -78.0% |
| Amounts payable within one year | 42/48 | €45,571 | €44,485 | -€1,086 | -2.4% |
| Trade debts | 44 | €7,220 | €867 | -€6,354 | -88.0% |
| Suppliers | 440/4 | €7,220 | €867 | -€6,354 | -88.0% |
| Taxes, remuneration and social security | 45 | €38,351 | €43,618 | +€5,267 | +13.7% |
| Taxes | 450/3 | €38,351 | €43,618 | +€5,267 | +13.7% |
| Accrued charges and deferred income | 492/3 | €4,979 | €4,924 | -€55 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,410 | €27,347 | -€63 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€375 | €18,697 | +€19,072 | |
| Other operating charges | 640/8 | €1,295 | €1,316 | +€21 | +1.6% |
| Non-recurring operating charges | 66A | - | €600 | +€600 | |
| Gross operating margin | 9900 | €91,607 | €159,124 | +€67,517 | +73.7% |
| Operating profit (loss) | 9901 | €63,277 | €111,165 | +€47,888 | +75.7% |
| Financial income | 75/76B | €2 | €82 | +€80 | +3,665% |
| Recurring financial income | 75 | €2 | €82 | +€80 | +3,665% |
| Financial charges | 65/66B | €2,936 | €2,668 | -€268 | -9.1% |
| Recurring financial charges | 65 | €2,936 | €2,668 | -€268 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €60,343 | €108,579 | +€48,236 | +79.9% |
| Income taxes | 67/77 | €20,387 | €34,570 | +€14,183 | +69.6% |
| Profit (loss) for the period | 9904 | €39,956 | €74,009 | +€34,053 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,956 | €74,009 | +€34,053 | +85.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.