WESTERVLIET: 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.
WESTERVLIET
Largest movements
- Cash +€359,923
up €359,923 (+246%), from €146,254 to €506,177
mainly Stocks and contracts (+€335,000) and Net result for the year (+€245,081)
- Stocks and contracts -€335,000
down €335,000 (-88.2%), from €380,000 to €45,000
- Receivables within one year +€7,805
up €7,805 (+14.2%), from €54,961 to €62,766
of which Other amounts receivable: +€48,306
- Profit (loss) carried forward +€245,081
up €245,081 (+332%), from €73,885 to €318,966
- Other debts -€162,000
down €162,000 (-100%), from €162,000 to €0
- Accrued charges and deferred income -€34,000
down €34,000 (-100%), from €34,000 to €0
- Tax, wage and social debts -€17,365
down €17,365 (-59.7%), from €29,095 to €11,730
- Gross operating margin +€283,223
up €283,223 (+641%), from €44,162 to €327,385
- Taxes +€72,879
up €72,879 (+827%), from €8,815 to €81,694
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 | €581,215 | €613,943 | +€32,728 | +5.6% |
| Current assets | 29/58 | €581,215 | €613,943 | +€32,728 | +5.6% |
| Stocks and contracts in progress | 3 | €380,000 | €45,000 | -€335,000 | -88.2% |
| Stocks | 30/36 | €380,000 | €45,000 | -€335,000 | -88.2% |
| Amounts receivable within one year | 40/41 | €54,961 | €62,766 | +€7,805 | +14.2% |
| Trade receivables | 40 | €54,961 | €14,460 | -€40,501 | -73.7% |
| Other amounts receivable | 41 | €0 | €48,306 | +€48,306 | |
| Cash at bank and in hand | 54/58 | €146,254 | €506,177 | +€359,923 | +246% |
| Total equity and liabilities | 10/49 | €581,215 | €613,943 | +€32,728 | +5.6% |
| Equity | 10/15 | €353,885 | €598,966 | +€245,081 | +69.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Uncalled capital | 101 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,885 | €318,966 | +€245,081 | +332% |
| Amounts payable | 17/49 | €227,331 | €14,977 | -€212,354 | -93.4% |
| Amounts payable within one year | 42/48 | €193,331 | €14,977 | -€178,354 | -92.3% |
| Trade debts | 44 | €2,236 | €3,247 | +€1,011 | +45.2% |
| Suppliers | 440/4 | €2,236 | €3,247 | +€1,011 | +45.2% |
| Taxes, remuneration and social security | 45 | €29,095 | €11,730 | -€17,365 | -59.7% |
| Taxes | 450/3 | €29,095 | €11,730 | -€17,365 | -59.7% |
| Other amounts payable | 47/48 | €162,000 | €0 | -€162,000 | -100% |
| Accrued charges and deferred income | 492/3 | €34,000 | €0 | -€34,000 | -100% |
| Other operating charges | 640/8 | €1,118 | €520 | -€598 | -53.5% |
| Gross operating margin | 9900 | €44,162 | €327,385 | +€283,223 | +641% |
| Operating profit (loss) | 9901 | €43,045 | €326,866 | +€283,821 | +659% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | - | €91 | +€91 | |
| Recurring financial charges | 65 | - | €91 | +€91 | |
| Profit (loss) for the period before taxes | 9903 | €43,045 | €326,775 | +€283,730 | +659% |
| Income taxes | 67/77 | €8,815 | €81,694 | +€72,879 | +827% |
| Profit (loss) for the period | 9904 | €34,229 | €245,081 | +€210,852 | +616% |
| Profit (loss) for the period to be appropriated | 9905 | €34,229 | €245,081 | +€210,852 | +616% |
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 20 October 2026 via checked.be.