WESTHINDER: 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.
WESTHINDER
Largest movements
- Tangible fixed assets -€72,567
down €72,567 (-43.7%), from €165,945 to €93,377
of which Furniture and vehicles: -€41,730
- Receivables within one year -€21,443
down €21,443 (-59.6%), from €35,996 to €14,553
- Cash -€11,015
down €11,015 (-61.7%), from €17,862 to €6,847
mainly Current portion of long-term debt (-€49,356) and Debts after one year (-€23,754)
- Current portion of long-term debt -€49,356
down €49,356 (-67.3%), from €73,309 to €23,954
- Debts after one year -€23,754
down €23,754 (-28.7%), from €82,844 to €59,090
- Profit (loss) carried forward -€13,158
down €13,158, from €12,915 to -€243
- Tax, wage and social debts -€12,537
down €12,537 (-66.5%), from €18,847 to €6,310
of which Taxes: -€7,676
- Trade debts -€6,568
no longer reported in 2026 (was €6,568)
- Gross operating margin -€82,697
down €82,697 (-49.4%), from €167,459 to €84,762
- Depreciation -€29,433
down €29,433 (-62.6%), from €47,018 to €17,586
- Staff costs -€16,978
down €16,978 (-25.0%), from €67,978 to €51,000
- Financial charges +€16,835
up €16,835 (+162.7%), from €10,350 to €27,185
of which Non-recurring financial charges: +€19,512
- Taxes -€7,166
down €7,166 (-82.9%), from €8,647 to €1,481
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,853 | €114,778 | -€106,076 | -48.0% |
| Fixed assets | 21/28 | €165,945 | €93,377 | -€72,567 | -43.7% |
| Tangible fixed assets | 22/27 | €165,945 | €93,377 | -€72,567 | -43.7% |
| Land and buildings | 22 | €92,924 | €79,554 | -€13,370 | -14.4% |
| Plant, machinery and equipment | 23 | €31,290 | €13,823 | -€17,467 | -55.8% |
| Furniture and vehicles | 24 | €41,730 | - | -€41,730 | |
| Current assets | 29/58 | €54,909 | €21,400 | -€33,508 | -61.0% |
| Stocks and contracts in progress | 3 | €1,050 | - | -€1,050 | |
| Stocks | 30/36 | €1,050 | - | -€1,050 | |
| Amounts receivable within one year | 40/41 | €35,996 | €14,553 | -€21,443 | -59.6% |
| Other amounts receivable | 41 | €35,996 | €14,553 | -€21,443 | -59.6% |
| Cash at bank and in hand | 54/58 | €17,862 | €6,847 | -€11,015 | -61.7% |
| Total equity and liabilities | 10/49 | €220,853 | €114,778 | -€106,076 | -48.0% |
| Equity | 10/15 | €38,582 | €25,424 | -€13,158 | -34.1% |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €19,000 | €19,000 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,915 | -€243 | -€13,158 | |
| Amounts payable | 17/49 | €182,271 | €89,354 | -€92,918 | -51.0% |
| Amounts payable after more than one year | 17 | €82,844 | €59,090 | -€23,754 | -28.7% |
| Financial debts | 170/4 | €82,844 | €59,090 | -€23,754 | -28.7% |
| Amounts payable within one year | 42/48 | €98,725 | €30,264 | -€68,461 | -69.3% |
| Current portion of amounts payable after more than one year | 42 | €73,309 | €23,954 | -€49,356 | -67.3% |
| Trade debts | 44 | €6,568 | - | -€6,568 | |
| Suppliers | 440/4 | €6,568 | - | -€6,568 | |
| Taxes, remuneration and social security | 45 | €18,847 | €6,310 | -€12,537 | -66.5% |
| Taxes | 450/3 | €13,986 | €6,310 | -€7,676 | -54.9% |
| Remuneration and social security | 454/9 | €4,861 | - | -€4,861 | |
| Accrued charges and deferred income | 492/3 | €703 | - | -€703 | |
| Non-recurring operating income | 76A | - | €8,019 | +€8,019 | |
| Remuneration, social security and pensions | 62 | €67,978 | €51,000 | -€16,978 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,018 | €17,586 | -€29,433 | -62.6% |
| Other operating charges | 640/8 | €1,707 | €669 | -€1,038 | -60.8% |
| Non-recurring operating charges | 66A | €5,410 | - | -€5,410 | |
| Gross operating margin | 9900 | €167,459 | €84,762 | -€82,697 | -49.4% |
| Operating profit (loss) | 9901 | €45,346 | €15,508 | -€29,838 | -65.8% |
| Financial income | 75/76B | €10 | €1 | -€9 | -91.5% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -91.5% |
| Financial charges | 65/66B | €10,350 | €27,185 | +€16,835 | +162.7% |
| Recurring financial charges | 65 | €10,199 | €7,522 | -€2,678 | -26.3% |
| Non-recurring financial charges | 66B | €151 | €19,664 | +€19,512 | +12917.0% |
| Profit (loss) for the period before taxes | 9903 | €35,005 | -€11,677 | -€46,682 | |
| Income taxes | 67/77 | €8,647 | €1,481 | -€7,166 | -82.9% |
| Profit (loss) for the period | 9904 | €26,358 | -€13,158 | -€39,516 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,358 | -€13,158 | -€39,516 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.