WESTEX: 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.
WESTEX
Largest movements
- Cash -€6,968
down €6,968 (-62.0%), from €11,235 to €4,267
mainly Other debts (-€10,140) and Tax, wage and social debts (-€3,911)
- Deferred charges and accrued income -€2,740
down €2,740 (-83.5%), from €3,281 to €541
- Receivables within one year +€425
up €425 (+3.7%), from €11,400 to €11,826
of which Trade receivables: +€425
- Other debts -€10,140
down €10,140 (-78.3%), from €12,946 to €2,806
- Tax, wage and social debts -€3,911
down €3,911 (-64.4%), from €6,071 to €2,161
- Profit (loss) carried forward +€2,840
up €2,840 (+9.4%), from -€30,139 to -€27,299
- Trade debts +€1,908
up €1,908 (+61.4%), from €3,105 to €5,013
- Gross operating margin +€12,573
up €12,573 (+3,519%), from €357 to €12,930
- Other operating charges +€8,628
up €8,628 (+713%), from €1,210 to €9,838
- Financial charges -€888
down €888 (-85.5%), from €1,039 to €151
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 | €26,042 | €16,739 | -€9,303 | -35.7% |
| Fixed assets | 21/28 | €126 | €105 | -€21 | -16.7% |
| Tangible fixed assets | 22/27 | €21 | €0 | -€21 | -100% |
| Furniture and vehicles | 24 | €21 | €0 | -€21 | -100% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €25,916 | €16,634 | -€9,282 | -35.8% |
| Amounts receivable within one year | 40/41 | €11,400 | €11,826 | +€425 | +3.7% |
| Trade receivables | 40 | €11,190 | €11,615 | +€425 | +3.8% |
| Other amounts receivable | 41 | €210 | €210 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,235 | €4,267 | -€6,968 | -62.0% |
| Deferred charges and accrued income | 490/1 | €3,281 | €541 | -€2,740 | -83.5% |
| Total equity and liabilities | 10/49 | €26,042 | €16,739 | -€9,303 | -35.7% |
| Equity | 10/15 | €2,600 | €5,440 | +€2,840 | +109% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,139 | €14,139 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,100 | €13,100 | = | 0.0% |
| Distributable reserves | 133 | €1,039 | €1,039 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,139 | -€27,299 | +€2,840 | +9.4% |
| Amounts payable | 17/49 | €23,442 | €11,300 | -€12,143 | -51.8% |
| Amounts payable within one year | 42/48 | €22,122 | €9,980 | -€12,143 | -54.9% |
| Trade debts | 44 | €3,105 | €5,013 | +€1,908 | +61.4% |
| Suppliers | 440/4 | €3,105 | €5,013 | +€1,908 | +61.4% |
| Taxes, remuneration and social security | 45 | €6,071 | €2,161 | -€3,911 | -64.4% |
| Taxes | 450/3 | €6,071 | €2,161 | -€3,911 | -64.4% |
| Other amounts payable | 47/48 | €12,946 | €2,806 | -€10,140 | -78.3% |
| Accrued charges and deferred income | 492/3 | €1,320 | €1,320 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133 | €21 | -€112 | -84.1% |
| Other operating charges | 640/8 | €1,210 | €9,838 | +€8,628 | +713% |
| Gross operating margin | 9900 | €357 | €12,930 | +€12,573 | +3,519% |
| Operating profit (loss) | 9901 | -€985 | €3,071 | +€4,056 | |
| Financial income | 75/76B | €9 | €3 | -€7 | -70.9% |
| Recurring financial income | 75 | €9 | €3 | -€7 | -70.9% |
| Financial charges | 65/66B | €1,039 | €151 | -€888 | -85.5% |
| Recurring financial charges | 65 | €1,039 | €151 | -€888 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,014 | €2,923 | +€4,937 | |
| Income taxes | 67/77 | €200 | €83 | -€117 | -58.5% |
| Profit (loss) for the period | 9904 | -€2,214 | €2,840 | +€5,054 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,214 | €2,840 | +€5,054 |
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.