WESTFALEN: 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.
What changed
WESTFALEN
NACE 46.851, Wholesale of industrial chemicals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €818,730+€194,914
Equity
€5.8m
2024 · €4.8m+€1.0m
Cash
€738,973
2024 · €550,305+€188,668
Balance sheet total
€8.8m
2024 · €8.4m+€351,600
Largest movements
Assets
- Receivables within one year +€630,381
up €630,381 (+16.0%), from €3.9m to €4.6m
of which Trade receivables: +€639,444
- Stocks and contracts -€465,380
down €465,380 (-19.2%), from €2.4m to €2.0m
- Cash +€188,668
up €188,668 (+34.3%), from €550,305 to €738,973
mainly Net result for the year (+€1.0m) and Stocks and contracts (+€465,380)
Equity and liabilities
- Profit (loss) carried forward +€1.0m
up €1.0m (+23.8%), from €4.3m to €5.3m
- Trade debts -€892,100
down €892,100 (-49.0%), from €1.8m to €929,246
- Tax, wage and social debts +€136,823
up €136,823 (+20.9%), from €655,259 to €792,081
of which Taxes: +€68,680
- Accrued charges and deferred income +€113,556
up €113,556 (+19.1%), from €593,300 to €706,856
Income statement
- Turnover +€643,224
up €643,224 (+2.6%), from €24.3m to €25.0m
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.
Result 2024
€818,730
Turnover
+€643,224
Other operating income
-€151,982
Goods and materials
-€172,609
Services and other goods
-€46,611
Staff costs
-€82,781
Depreciation
-€33,843
Write-downs
+€12,578
Provisions
+€100,000
Other operating charges
-€43,195
Other operating items
+€18,510
Financial income
+€6,377
Financial charges
-€292
Taxes
-€54,462
Result 2025
€1.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€330,452
Investment
-€141,784
Financing
€0
Cash 2024
€550,305
From operations (derived)
+€330,452
Net result for the year
+€1.0m
Depreciation
+€167,848
Stocks and contracts
+€465,380
Receivables within one year
-€630,381
Deferred charges and accrued income
-€23,995
Provisions
-€50,000
Trade debts
-€892,100
Tax, wage and social debts
+€136,823
Other debts
+€29,677
Accrued charges and deferred income
+€113,556
Investment (derived)
-€141,784
Investment in fixed assets (net)
-€141,784
Cash 2025
€738,973
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,440,596 | €8,792,196 | +€351,600 | +4.2% |
| Fixed assets | 21/28 | €1,486,272 | €1,460,207 | -€26,065 | -1.8% |
| Intangible fixed assets | 21 | €24,352 | €20,954 | -€3,399 | -14.0% |
| Tangible fixed assets | 22/27 | €1,461,349 | €1,409,273 | -€52,076 | -3.6% |
| Land and buildings | 22 | €574,230 | €508,355 | -€65,874 | -11.5% |
| Plant, machinery and equipment | 23 | €29,274 | €34,529 | +€5,255 | +18.0% |
| Furniture and vehicles | 24 | €561,263 | €511,650 | -€49,613 | -8.8% |
| Other tangible fixed assets | 26 | €238,822 | €254,929 | +€16,106 | +6.7% |
| Assets under construction and advance payments | 27 | €57,760 | €99,810 | +€42,050 | +72.8% |
| Financial fixed assets | 28 | €570 | €29,980 | +€29,410 | +5,160% |
| Other financial fixed assets | 284/8 | €570 | €29,980 | +€29,410 | +5,160% |
| Amounts receivable and cash guarantees | 285/8 | €570 | €29,980 | +€29,410 | +5,160% |
| Current assets | 29/58 | €6,954,324 | €7,331,989 | +€377,664 | +5.4% |
| Stocks and contracts in progress | 3 | €2,427,172 | €1,961,793 | -€465,380 | -19.2% |
| Stocks | 30/36 | €2,427,172 | €1,961,793 | -€465,380 | -19.2% |
| Goods purchased for resale | 34 | €2,427,172 | €1,961,793 | -€465,380 | -19.2% |
| Amounts receivable within one year | 40/41 | €3,939,889 | €4,570,270 | +€630,381 | +16.0% |
| Trade receivables | 40 | €3,930,825 | €4,570,269 | +€639,444 | +16.3% |
| Other amounts receivable | 41 | €9,064 | €1 | -€9,063 | -100.0% |
| Cash at bank and in hand | 54/58 | €550,305 | €738,973 | +€188,668 | +34.3% |
| Deferred charges and accrued income | 490/1 | €36,958 | €60,953 | +€23,995 | +64.9% |
| Total equity and liabilities | 10/49 | €8,440,596 | €8,792,196 | +€351,600 | +4.2% |
| Equity | 10/15 | €4,817,034 | €5,830,678 | +€1.0m | +21.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,267,034 | €5,280,678 | +€1.0m | +23.8% |
| Provisions and deferred taxes | 16 | €50,000 | €0 | -€50,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €0 | -€50,000 | -100% |
| Other liabilities and charges | 164/5 | €50,000 | €0 | -€50,000 | -100% |
| Amounts payable | 17/49 | €3,573,562 | €2,961,518 | -€612,044 | -17.1% |
| Amounts payable within one year | 42/48 | €2,980,262 | €2,254,661 | -€725,600 | -24.3% |
| Trade debts | 44 | €1,821,346 | €929,246 | -€892,100 | -49.0% |
| Suppliers | 440/4 | €1,821,346 | €929,246 | -€892,100 | -49.0% |
| Taxes, remuneration and social security | 45 | €655,259 | €792,081 | +€136,823 | +20.9% |
| Taxes | 450/3 | €335,789 | €404,469 | +€68,680 | +20.5% |
| Remuneration and social security | 454/9 | €319,470 | €387,612 | +€68,143 | +21.3% |
| Other amounts payable | 47/48 | €503,657 | €533,334 | +€29,677 | +5.9% |
| Accrued charges and deferred income | 492/3 | €593,300 | €706,856 | +€113,556 | +19.1% |
| Operating income | 70/76A | €24,887,586 | €25,407,071 | +€519,485 | +2.1% |
| Turnover | 70 | €24,338,330 | €24,981,555 | +€643,224 | +2.6% |
| Other operating income | 74 | €548,918 | €396,935 | -€151,982 | -27.7% |
| Non-recurring operating income | 76A | €338 | €28,581 | +€28,243 | +8,358% |
| Operating charges | 60/66A | €23,813,891 | €24,090,086 | +€276,195 | +1.2% |
| Goods for resale, raw materials and consumables | 60 | €13,948,703 | €14,121,312 | +€172,609 | +1.2% |
| Purchases | 600/8 | €14,512,199 | €13,655,932 | -€856,267 | -5.9% |
| Change in stocks: decrease (increase) | 609 | -€563,496 | €465,380 | +€1.0m | |
| Services and other goods | 61 | €7,604,856 | €7,651,467 | +€46,611 | +0.6% |
| Remuneration, social security and pensions | 62 | €2,005,897 | €2,088,678 | +€82,781 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,005 | €167,848 | +€33,843 | +25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,231 | €1,653 | -€12,578 | -88.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €50,000 | -€50,000 | -€100,000 | |
| Other operating charges | 640/8 | €44,209 | €87,404 | +€43,195 | +97.7% |
| Non-recurring operating charges | 66A | €11,991 | €21,724 | +€9,733 | +81.2% |
| Operating profit (loss) | 9901 | €1,073,695 | €1,316,985 | +€243,291 | +22.7% |
| Financial income | 75/76B | €84,750 | €91,127 | +€6,377 | +7.5% |
| Recurring financial income | 75 | €81,723 | €88,907 | +€7,185 | +8.8% |
| Income from current assets | 751 | €51,001 | €40,622 | -€10,379 | -20.4% |
| Other financial income | 752/9 | €30,722 | €48,285 | +€17,563 | +57.2% |
| Non-recurring financial income | 76B | €3,027 | €2,220 | -€807 | -26.7% |
| Financial charges | 65/66B | €25,779 | €26,071 | +€292 | +1.1% |
| Recurring financial charges | 65 | €25,779 | €26,070 | +€292 | +1.1% |
| Debt charges | 650 | €19,442 | €20,221 | +€779 | +4.0% |
| Other financial charges | 652/9 | €6,336 | €5,849 | -€487 | -7.7% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €1,132,666 | €1,382,042 | +€249,376 | +22.0% |
| Income taxes | 67/77 | €313,937 | €368,398 | +€54,462 | +17.3% |
| Taxes | 670/3 | €313,937 | €368,398 | +€54,462 | +17.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €818,730 | €1,013,644 | +€194,914 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €818,730 | €1,013,644 | +€194,914 | +23.8% |
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 23 October 2026 via checked.be.