WESTHAYD: 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.
WESTHAYD
Largest movements
- Cash +€203,341
up €203,341 (+124,634%), from €163 to €203,504
mainly Trade debts (+€202,138) and Tax, wage and social debts (+€77,418)
- Receivables within one year +€62,916
up €62,916 (+2,163%), from €2,908 to €65,824
of which Other amounts receivable: +€40,001
- Intangible fixed assets +€38,115
new in 2025: €38,115
- Stocks and contracts +€10,243
new in 2025: €10,243
- Trade debts +€202,138
up €202,138 (+7,636%), from €2,647 to €204,785
- Tax, wage and social debts +€77,418
new in 2025: €77,418
of which Remuneration and social security: +€63,699
- Debts after one year +€16,276
new in 2025: €16,276
- Current portion of long-term debt +€13,211
new in 2025: €13,211
- Profit (loss) carried forward +€7,280
up €7,280, from -€3,042 to €4,238
- Gross operating margin +€591,537
up €591,537, from -€3,042 to €588,495
- Staff costs +€446,401
new in 2025: €446,401
- Financial charges +€124,496
up €124,496 (+1,244,955,100%), from €0 to €124,496
- Depreciation +€7,266
new in 2025: €7,266
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 | €3,071 | €318,928 | +€315,857 | +10,284% |
| Fixed assets | 21/28 | - | €39,136 | +€39,136 | |
| Intangible fixed assets | 21 | - | €38,115 | +€38,115 | |
| Tangible fixed assets | 22/27 | - | €879 | +€879 | |
| Furniture and vehicles | 24 | - | €879 | +€879 | |
| Financial fixed assets | 28 | - | €141 | +€141 | |
| Current assets | 29/58 | €3,071 | €279,793 | +€276,721 | +9,010% |
| Stocks and contracts in progress | 3 | - | €10,243 | +€10,243 | |
| Stocks | 30/36 | - | €10,243 | +€10,243 | |
| Amounts receivable within one year | 40/41 | €2,908 | €65,824 | +€62,916 | +2,163% |
| Trade receivables | 40 | €2,908 | €25,823 | +€22,915 | +788% |
| Other amounts receivable | 41 | - | €40,001 | +€40,001 | |
| Cash at bank and in hand | 54/58 | €163 | €203,504 | +€203,341 | +124,634% |
| Deferred charges and accrued income | 490/1 | - | €221 | +€221 | |
| Total equity and liabilities | 10/49 | €3,071 | €318,928 | +€315,857 | +10,284% |
| Equity | 10/15 | -€3,042 | €7,238 | +€10,280 | |
| Contributions | 10/11 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | -€3,042 | €4,238 | +€7,280 | |
| Amounts payable | 17/49 | €6,113 | €311,691 | +€305,577 | +4,998% |
| Amounts payable after more than one year | 17 | - | €16,276 | +€16,276 | |
| Financial debts | 170/4 | - | €16,276 | +€16,276 | |
| Amounts payable within one year | 42/48 | €6,113 | €295,414 | +€289,301 | +4,732% |
| Current portion of amounts payable after more than one year | 42 | - | €13,211 | +€13,211 | |
| Trade debts | 44 | €2,647 | €204,785 | +€202,138 | +7,636% |
| Suppliers | 440/4 | €2,647 | €204,785 | +€202,138 | +7,636% |
| Taxes, remuneration and social security | 45 | - | €77,418 | +€77,418 | |
| Taxes | 450/3 | - | €13,719 | +€13,719 | |
| Remuneration and social security | 454/9 | - | €63,699 | +€63,699 | |
| Other amounts payable | 47/48 | €3,466 | - | -€3,466 | |
| Remuneration, social security and pensions | 62 | - | €446,401 | +€446,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,266 | +€7,266 | |
| Gross operating margin | 9900 | -€3,042 | €588,495 | +€591,537 | |
| Operating profit (loss) | 9901 | -€3,042 | €134,828 | +€137,870 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €0 | €124,496 | +€124,496 | +1,244,955,100% |
| Recurring financial charges | 65 | €0 | €124,496 | +€124,496 | +1,244,955,100% |
| Profit (loss) for the period before taxes | 9903 | -€3,042 | €10,333 | +€13,375 | |
| Income taxes | 67/77 | - | €3,053 | +€3,053 | |
| Profit (loss) for the period | 9904 | -€3,042 | €7,280 | +€10,322 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,042 | €7,280 | +€10,322 |
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 18 October 2026 via checked.be.