WESTIE: 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.
WESTIE
Largest movements
- Current investments -€158,362
down €158,362 (-27.4%), from €578,811 to €420,449
- Cash +€120,145
up €120,145 (+84.0%), from €143,041 to €263,186
mainly Net result for the year (+€283,024) and Other debts (+€235,231)
- Receivables within one year +€68,439
up €68,439 (+64.7%), from €105,829 to €174,269
of which Trade receivables: +€66,439
- Tangible fixed assets -€11,723
down €11,723 (-6.8%), from €172,342 to €160,620
of which Land and buildings: -€11,522
- Other debts +€235,231
up €235,231 (+173,028%), from €136 to €235,367
- Reserves -€215,638
down €215,638 (-23.7%), from €908,846 to €693,208
- Tax, wage and social debts -€11,927
down €11,927 (-16.1%), from €73,851 to €61,925
- Financial income +€65,112
up €65,112 (+599%), from €10,869 to €75,981
- Gross operating margin +€53,136
up €53,136 (+15.2%), from €349,205 to €402,341
- Taxes +€34,368
up €34,368 (+34.0%), from €101,021 to €135,389
- Financial charges +€14,377
up €14,377, from -€5,241 to €9,136
of which Financial charges: +€19,229
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 | €1,005,957 | €1,023,604 | +€17,646 | +1.8% |
| Fixed assets | 21/28 | €172,342 | €160,620 | -€11,723 | -6.8% |
| Tangible fixed assets | 22/27 | €172,342 | €160,620 | -€11,723 | -6.8% |
| Land and buildings | 22 | €168,850 | €157,327 | -€11,522 | -6.8% |
| Furniture and vehicles | 24 | €2,168 | €1,967 | -€200 | -9.2% |
| Other tangible fixed assets | 26 | €1,325 | €1,325 | = | 0.0% |
| Current assets | 29/58 | €833,615 | €862,984 | +€29,369 | +3.5% |
| Amounts receivable within one year | 40/41 | €105,829 | €174,269 | +€68,439 | +64.7% |
| Trade receivables | 40 | €105,829 | €172,269 | +€66,439 | +62.8% |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Current investments | 50/53 | €578,811 | €420,449 | -€158,362 | -27.4% |
| Cash at bank and in hand | 54/58 | €143,041 | €263,186 | +€120,145 | +84.0% |
| Deferred charges and accrued income | 490/1 | €5,934 | €5,080 | -€854 | -14.4% |
| Total equity and liabilities | 10/49 | €1,005,957 | €1,023,604 | +€17,646 | +1.8% |
| Equity | 10/15 | €927,446 | €711,808 | -€215,638 | -23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €908,846 | €693,208 | -€215,638 | -23.7% |
| Distributable reserves | 133 | €908,846 | €693,208 | -€215,638 | -23.7% |
| Amounts payable | 17/49 | €78,511 | €311,796 | +€233,284 | +297% |
| Amounts payable within one year | 42/48 | €78,511 | €311,796 | +€233,284 | +297% |
| Trade debts | 44 | €4,524 | €14,504 | +€9,980 | +221% |
| Suppliers | 440/4 | €4,524 | €14,504 | +€9,980 | +221% |
| Taxes, remuneration and social security | 45 | €73,851 | €61,925 | -€11,927 | -16.1% |
| Taxes | 450/3 | €73,851 | €61,925 | -€11,927 | -16.1% |
| Other amounts payable | 47/48 | €136 | €235,367 | +€235,231 | +173,028% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,595 | €14,888 | +€294 | +2.0% |
| Other operating charges | 640/8 | €32,595 | €35,886 | +€3,291 | +10.1% |
| Gross operating margin | 9900 | €349,205 | €402,341 | +€53,136 | +15.2% |
| Operating profit (loss) | 9901 | €302,015 | €351,567 | +€49,552 | +16.4% |
| Financial income | 75/76B | €10,869 | €75,981 | +€65,112 | +599% |
| Recurring financial income | 75 | €10,869 | €75,981 | +€65,112 | +599% |
| Financial charges | 65/66B | -€5,241 | €9,136 | +€14,377 | |
| Recurring financial charges | 65 | -€10,094 | €9,136 | +€19,229 | |
| Non-recurring financial charges | 66B | €4,852 | - | -€4,852 | |
| Profit (loss) for the period before taxes | 9903 | €318,125 | €418,412 | +€100,287 | +31.5% |
| Income taxes | 67/77 | €101,021 | €135,389 | +€34,368 | +34.0% |
| Profit (loss) for the period | 9904 | €217,105 | €283,024 | +€65,919 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €217,105 | €283,024 | +€65,919 | +30.4% |
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 16 October 2026 via checked.be.