WESTFLET: 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.
WESTFLET
Largest movements
- Cash -€69,907
down €69,907 (-97.8%), from €71,448 to €1,541
mainly Contributions, distributions and other (-€103,000) and Investment in fixed assets (net) (-€65,876)
- Tangible fixed assets +€61,851
up €61,851 (+803%), from €7,707 to €69,558
of which Other tangible fixed assets: +€40,539
- Receivables within one year +€6,333
up €6,333 (+9.1%), from €69,222 to €75,554
of which Trade receivables: +€9,096
- Profit (loss) carried forward -€60,218
down €60,218 (-99.4%), from €60,566 to €348
- Debts after one year +€47,918
new in 2025: €47,918
- Current portion of long-term debt +€13,225
new in 2025: €13,225
- Tax, wage and social debts +€2,570
up €2,570 (+10.6%), from €24,152 to €26,722
of which Remuneration and social security: +€3,420
- Trade debts -€2,236
down €2,236 (-42.3%), from €5,281 to €3,044
- Gross operating margin -€12,471
down €12,471 (-15.9%), from €78,388 to €65,916
- Taxes -€4,803
down €4,803 (-21.8%), from €22,017 to €17,214
- Depreciation +€3,241
up €3,241 (+413%), from €784 to €4,025
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 | €149,209 | €148,767 | -€442 | -0.3% |
| Fixed assets | 21/28 | €7,887 | €69,738 | +€61,851 | +784% |
| Tangible fixed assets | 22/27 | €7,707 | €69,558 | +€61,851 | +803% |
| Furniture and vehicles | 24 | €366 | €21,678 | +€21,311 | +5,821% |
| Other tangible fixed assets | 26 | €7,341 | €47,880 | +€40,539 | +552% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €141,322 | €79,029 | -€62,292 | -44.1% |
| Amounts receivable within one year | 40/41 | €69,222 | €75,554 | +€6,333 | +9.1% |
| Trade receivables | 40 | €56,611 | €65,707 | +€9,096 | +16.1% |
| Other amounts receivable | 41 | €12,611 | €9,847 | -€2,763 | -21.9% |
| Cash at bank and in hand | 54/58 | €71,448 | €1,541 | -€69,907 | -97.8% |
| Deferred charges and accrued income | 490/1 | €652 | €1,934 | +€1,282 | +197% |
| Total equity and liabilities | 10/49 | €149,209 | €148,767 | -€442 | -0.3% |
| Equity | 10/15 | €81,026 | €20,808 | -€60,218 | -74.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,566 | €348 | -€60,218 | -99.4% |
| Amounts payable | 17/49 | €68,183 | €127,959 | +€59,776 | +87.7% |
| Amounts payable after more than one year | 17 | - | €47,918 | +€47,918 | |
| Financial debts | 170/4 | - | €47,918 | +€47,918 | |
| Amounts payable within one year | 42/48 | €67,683 | €79,541 | +€11,858 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | - | €13,225 | +€13,225 | |
| Trade debts | 44 | €5,281 | €3,044 | -€2,236 | -42.3% |
| Suppliers | 440/4 | €5,281 | €3,044 | -€2,236 | -42.3% |
| Taxes, remuneration and social security | 45 | €24,152 | €26,722 | +€2,570 | +10.6% |
| Taxes | 450/3 | €20,732 | €19,882 | -€850 | -4.1% |
| Remuneration and social security | 454/9 | €3,420 | €6,840 | +€3,420 | +100% |
| Other amounts payable | 47/48 | €38,250 | €36,550 | -€1,700 | -4.4% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €579 | +€579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €784 | €4,025 | +€3,241 | +413% |
| Other operating charges | 640/8 | €1,342 | €1,966 | +€624 | +46.5% |
| Gross operating margin | 9900 | €78,388 | €65,916 | -€12,471 | -15.9% |
| Operating profit (loss) | 9901 | €76,262 | €59,925 | -€16,337 | -21.4% |
| Financial income | 75/76B | €366 | €630 | +€265 | +72.4% |
| Recurring financial income | 75 | €366 | €630 | +€265 | +72.4% |
| Financial charges | 65/66B | €531 | €560 | +€29 | +5.4% |
| Recurring financial charges | 65 | €531 | €560 | +€29 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €76,097 | €59,996 | -€16,100 | -21.2% |
| Income taxes | 67/77 | €22,017 | €17,214 | -€4,803 | -21.8% |
| Profit (loss) for the period | 9904 | €54,079 | €42,782 | -€11,297 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,079 | €42,782 | -€11,297 | -20.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.