WESTHOUSE: 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.
WESTHOUSE
Largest movements
- Tangible fixed assets -€20,144
down €20,144 (-8.9%), from €225,386 to €205,242
of which Land and buildings: -€15,178
- Cash -€5,415
down €5,415 (-11.1%), from €48,581 to €43,167
mainly Contributions, distributions and other (-€25,908) and Debts after one year (-€5,072)
- Receivables within one year -€4,047
down €4,047 (-26.9%), from €15,032 to €10,985
of which Trade receivables: -€4,661
- Reserves -€18,590
down €18,590 (-25.5%), from €72,783 to €54,193
of which Distributable reserves: -€18,590
- Debts after one year -€5,072
down €5,072 (-6.8%), from €74,315 to €69,243
- Other debts -€4,957
down €4,957 (-5.3%), from €93,179 to €88,222
- Accrued charges and deferred income +€3,952
up €3,952 (+84.1%), from €4,701 to €8,653
- Current portion of long-term debt -€3,063
down €3,063 (-34.7%), from €8,820 to €5,757
- Staff costs +€3,062
up €3,062 (+5.7%), from €53,996 to €57,058
- Gross operating margin -€2,480
down €2,480 (-2.3%), from €105,544 to €103,064
- Taxes -€1,509
down €1,509 (-25.6%), from €5,900 to €4,391
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 | €289,166 | €260,913 | -€28,253 | -9.8% |
| Fixed assets | 21/28 | €225,386 | €205,492 | -€19,894 | -8.8% |
| Tangible fixed assets | 22/27 | €225,386 | €205,242 | -€20,144 | -8.9% |
| Land and buildings | 22 | €203,402 | €188,224 | -€15,178 | -7.5% |
| Plant, machinery and equipment | 23 | €2,500 | €2,453 | -€47 | -1.9% |
| Furniture and vehicles | 24 | €19,484 | €14,565 | -€4,919 | -25.2% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €63,780 | €55,421 | -€8,359 | -13.1% |
| Stocks and contracts in progress | 3 | €0 | €485 | +€485 | |
| Stocks | 30/36 | €0 | €485 | +€485 | |
| Amounts receivable within one year | 40/41 | €15,032 | €10,985 | -€4,047 | -26.9% |
| Trade receivables | 40 | €15,032 | €10,371 | -€4,661 | -31.0% |
| Other amounts receivable | 41 | €0 | €614 | +€614 | |
| Cash at bank and in hand | 54/58 | €48,581 | €43,167 | -€5,415 | -11.1% |
| Deferred charges and accrued income | 490/1 | €167 | €784 | +€618 | +370% |
| Total equity and liabilities | 10/49 | €289,166 | €260,913 | -€28,253 | -9.8% |
| Equity | 10/15 | €91,383 | €72,793 | -€18,590 | -20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,783 | €54,193 | -€18,590 | -25.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €72,783 | €54,193 | -€18,590 | -25.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €197,783 | €188,120 | -€9,663 | -4.9% |
| Amounts payable after more than one year | 17 | €74,315 | €69,243 | -€5,072 | -6.8% |
| Financial debts | 170/4 | €74,315 | €69,243 | -€5,072 | -6.8% |
| Amounts payable within one year | 42/48 | €118,767 | €110,224 | -€8,543 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €8,820 | €5,757 | -€3,063 | -34.7% |
| Trade debts | 44 | €2,670 | €3,341 | +€672 | +25.2% |
| Suppliers | 440/4 | €2,670 | €3,341 | +€672 | +25.2% |
| Taxes, remuneration and social security | 45 | €14,098 | €12,904 | -€1,194 | -8.5% |
| Taxes | 450/3 | €6,104 | €4,346 | -€1,758 | -28.8% |
| Remuneration and social security | 454/9 | €7,994 | €8,557 | +€564 | +7.1% |
| Other amounts payable | 47/48 | €93,179 | €88,222 | -€4,957 | -5.3% |
| Accrued charges and deferred income | 492/3 | €4,701 | €8,653 | +€3,952 | +84.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €53,996 | €57,058 | +€3,062 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,956 | €21,649 | -€307 | -1.4% |
| Other operating charges | 640/8 | €2,307 | €2,425 | +€118 | +5.1% |
| Gross operating margin | 9900 | €105,544 | €103,064 | -€2,480 | -2.3% |
| Operating profit (loss) | 9901 | €27,285 | €21,932 | -€5,353 | -19.6% |
| Financial income | 75/76B | €0 | €11 | +€11 | +107,600% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +107,600% |
| Financial charges | 65/66B | €9,880 | €10,234 | +€354 | +3.6% |
| Recurring financial charges | 65 | €9,880 | €10,234 | +€354 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €17,405 | €11,710 | -€5,696 | -32.7% |
| Income taxes | 67/77 | €5,900 | €4,391 | -€1,509 | -25.6% |
| Profit (loss) for the period | 9904 | €11,506 | €7,318 | -€4,187 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,506 | €7,318 | -€4,187 | -36.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.