Westfields: what changed
Two fiscal 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
Westfields
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€27,005
2024 · -€22,893-€4,112
Equity
€544,034
2024 · €571,038-€27,005
Cash
€70
2024 · €4,532-€4,462
Balance sheet total
€1.3m
2024 · €1.3m-€63,650
Largest movements
Assets
- Tangible fixed assets -€56,423
down €56,423 (-4.3%), from €1.3m to €1.2m
of which Other tangible fixed assets: -€38,423
Equity and liabilities
- Debts after one year -€34,986
down €34,986 (-5.3%), from €654,813 to €619,828
of which Financial debts: -€19,986
- Reserves -€27,005
down €27,005 (-7.1%), from €380,008 to €353,004
of which Tax-exempt reserves: -€30,520
Income statement
- Gross operating margin -€4,704
down €4,704 (-6.3%), from €74,311 to €69,608
- Depreciation +€1,223
up €1,223 (+1.6%), from €74,266 to €75,490
- Taxes -€1,168
down €1,168 (-52.8%), from €2,212 to €1,044
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
-€22,893
Gross operating margin
-€4,704
Depreciation
-€1,223
Other operating charges
+€119
Financial income
+€3
Financial charges
+€525
Taxes
+€1,168
Result 2025
-€27,005
Cash bridge derived
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
+€44,727
Investment
-€19,067
Financing
-€30,122
Cash 2024
€4,532
From operations (derived)
+€44,727
Net result for the year
-€27,005
Depreciation
+€75,490
Receivables within one year
+€2,700
Deferred charges and accrued income
+€65
Provisions
-€7,822
Trade debts
+€2,293
Tax, wage and social debts
-€1,100
Other debts
+€9,105
Accrued charges and deferred income
-€9,000
Investment (derived)
-€19,067
Investment in fixed assets (net)
-€19,067
Financing
-€30,122
Debts after one year
-€34,986
Current portion of long-term debt
+€391
Short-term financial debts
+€4,473
Cash 2025
€70
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,325,255 | €1,261,605 | -€63,650 | -4.8% |
| Fixed assets | 21/28 | €1,303,194 | €1,246,771 | -€56,423 | -4.3% |
| Tangible fixed assets | 22/27 | €1,303,194 | €1,246,771 | -€56,423 | -4.3% |
| Land and buildings | 22 | €300,494 | €282,494 | -€18,000 | -6.0% |
| Other tangible fixed assets | 26 | €1,002,700 | €964,277 | -€38,423 | -3.8% |
| Current assets | 29/58 | €22,061 | €14,834 | -€7,227 | -32.8% |
| Amounts receivable within one year | 40/41 | €15,937 | €13,237 | -€2,700 | -16.9% |
| Trade receivables | 40 | €7,300 | €13,237 | +€5,937 | +81.3% |
| Other amounts receivable | 41 | €8,637 | €0 | -€8,637 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,532 | €70 | -€4,462 | -98.5% |
| Deferred charges and accrued income | 490/1 | €1,591 | €1,526 | -€65 | -4.1% |
| Total equity and liabilities | 10/49 | €1,325,255 | €1,261,605 | -€63,650 | -4.8% |
| Equity | 10/15 | €571,038 | €544,034 | -€27,005 | -4.7% |
| Contributions | 10/11 | €191,030 | €191,030 | = | 0.0% |
| Reserves | 13 | €380,008 | €353,004 | -€27,005 | -7.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €234,245 | €203,725 | -€30,520 | -13.0% |
| Distributable reserves | 133 | €145,763 | €149,279 | +€3,515 | +2.4% |
| Provisions and deferred taxes | 16 | €60,033 | €52,211 | -€7,822 | -13.0% |
| Deferred taxes | 168 | €60,033 | €52,211 | -€7,822 | -13.0% |
| Amounts payable | 17/49 | €694,184 | €665,360 | -€28,824 | -4.2% |
| Amounts payable after more than one year | 17 | €654,813 | €619,828 | -€34,986 | -5.3% |
| Financial debts | 170/4 | €148,552 | €128,567 | -€19,986 | -13.5% |
| Other amounts payable | 178/9 | €506,261 | €491,261 | -€15,000 | -3.0% |
| Amounts payable within one year | 42/48 | €30,370 | €45,532 | +€15,162 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €19,595 | €19,986 | +€391 | +2.0% |
| Financial debts | 43 | €0 | €4,473 | +€4,473 | |
| Credit institutions | 430/8 | €0 | €4,473 | +€4,473 | |
| Trade debts | 44 | €7,183 | €9,476 | +€2,293 | +31.9% |
| Suppliers | 440/4 | €7,183 | €9,476 | +€2,293 | +31.9% |
| Taxes, remuneration and social security | 45 | €2,200 | €1,100 | -€1,100 | -50.0% |
| Taxes | 450/3 | €2,200 | €1,100 | -€1,100 | -50.0% |
| Other amounts payable | 47/48 | €1,392 | €10,497 | +€9,105 | +654.1% |
| Accrued charges and deferred income | 492/3 | €9,000 | €0 | -€9,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,266 | €75,490 | +€1,223 | +1.6% |
| Other operating charges | 640/8 | €24,463 | €24,344 | -€119 | -0.5% |
| Gross operating margin | 9900 | €74,311 | €69,608 | -€4,704 | -6.3% |
| Operating profit (loss) | 9901 | -€24,418 | -€30,226 | -€5,808 | -23.8% |
| Financial income | 75/76B | €390 | €393 | +€3 | +0.7% |
| Recurring financial income | 75 | €390 | €393 | +€3 | +0.7% |
| Financial charges | 65/66B | €4,474 | €3,949 | -€525 | -11.7% |
| Recurring financial charges | 65 | €4,474 | €3,949 | -€525 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,502 | -€33,783 | -€5,280 | -18.5% |
| Transfer from deferred taxes | 780 | €7,822 | €7,822 | = | 0.0% |
| Income taxes | 67/77 | €2,212 | €1,044 | -€1,168 | -52.8% |
| Profit (loss) for the period | 9904 | -€22,893 | -€27,005 | -€4,112 | -18.0% |
| Transfer from tax-exempt reserves | 789 | €30,520 | €30,520 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,627 | €3,515 | -€4,112 | -53.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.