WESTGOED: 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.
WESTGOED
Largest movements
- Receivables within one year +€52,984
up €52,984 (+19.6%), from €269,998 to €322,982
- Tangible fixed assets -€31,265
down €31,265 (-6.9%), from €456,211 to €424,946
- Profit (loss) carried forward +€27,698
up €27,698 (+25.5%), from -€108,750 to -€81,052
- Gross operating margin -€4,923
down €4,923 (-7.5%), from €66,064 to €61,141
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €749,375 | €773,055 | +€23,680 | +3.2% |
| Fixed assets | 21/28 | €456,211 | €424,946 | -€31,265 | -6.9% |
| Tangible fixed assets | 22/27 | €456,211 | €424,946 | -€31,265 | -6.9% |
| Land and buildings | 22 | €456,211 | €424,946 | -€31,265 | -6.9% |
| Current assets | 29/58 | €293,164 | €348,109 | +€54,945 | +18.7% |
| Amounts receivable within one year | 40/41 | €269,998 | €322,982 | +€52,984 | +19.6% |
| Other amounts receivable | 41 | €269,998 | €322,982 | +€52,984 | +19.6% |
| Cash at bank and in hand | 54/58 | €21,576 | €24,265 | +€2,689 | +12.5% |
| Deferred charges and accrued income | 490/1 | €1,590 | €861 | -€728 | -45.8% |
| Total equity and liabilities | 10/49 | €749,375 | €773,055 | +€23,680 | +3.2% |
| Equity | 10/15 | €730,955 | €755,023 | +€24,069 | +3.3% |
| Contributions | 10/11 | €796,235 | €796,235 | = | 0.0% |
| Capital | 10 | €796,235 | €796,235 | = | 0.0% |
| Issued capital | 100 | €796,235 | €796,235 | = | 0.0% |
| Reserves | 13 | €43,469 | €39,839 | -€3,630 | -8.4% |
| Tax-exempt reserves | 132 | €43,469 | €39,839 | -€3,630 | -8.4% |
| Profit (loss) carried forward | 14 | -€108,750 | -€81,052 | +€27,698 | +25.5% |
| Provisions and deferred taxes | 16 | €14,490 | €13,280 | -€1,210 | -8.4% |
| Deferred taxes | 168 | €14,490 | €13,280 | -€1,210 | -8.4% |
| Amounts payable | 17/49 | €3,930 | €4,752 | +€822 | +20.9% |
| Amounts payable within one year | 42/48 | €3,930 | €3,872 | -€58 | -1.5% |
| Trade debts | 44 | €330 | €272 | -€58 | -17.7% |
| Suppliers | 440/4 | €330 | €272 | -€58 | -17.7% |
| Other amounts payable | 47/48 | €3,600 | €3,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €880 | +€880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,265 | €31,265 | = | 0.0% |
| Other operating charges | 640/8 | €7,964 | €8,275 | +€311 | +3.9% |
| Gross operating margin | 9900 | €66,064 | €61,141 | -€4,923 | -7.5% |
| Operating profit (loss) | 9901 | €26,836 | €21,602 | -€5,234 | -19.5% |
| Financial income | 75/76B | €1,224 | €1,478 | +€254 | +20.8% |
| Recurring financial income | 75 | €1,224 | €1,478 | +€254 | +20.8% |
| Financial charges | 65/66B | €234 | €221 | -€12 | -5.3% |
| Recurring financial charges | 65 | €234 | €221 | -€12 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €27,826 | €22,859 | -€4,967 | -17.9% |
| Transfer from deferred taxes | 780 | €1,210 | €1,210 | = | 0.0% |
| Profit (loss) for the period | 9904 | €29,036 | €24,069 | -€4,967 | -17.1% |
| Transfer from tax-exempt reserves | 789 | €3,630 | €3,630 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,666 | €27,698 | -€4,967 | -15.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.