WESTIEHOUSE: 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.
WESTIEHOUSE
Largest movements
- Tangible fixed assets -€11,138
down €11,138 (-2.5%), from €438,842 to €427,705
of which Land and buildings: -€9,234
- Profit (loss) carried forward -€8,972
down €8,972 (-4.7%), from -€190,837 to -€199,808
- Gross operating margin +€45,954
up €45,954, from -€31,129 to €14,825
- Depreciation +€485
up €485 (+4.6%), from €10,653 to €11,138
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 | €453,032 | €444,282 | -€8,750 | -1.9% |
| Fixed assets | 21/28 | €439,452 | €428,315 | -€11,138 | -2.5% |
| Tangible fixed assets | 22/27 | €438,842 | €427,705 | -€11,138 | -2.5% |
| Land and buildings | 22 | €429,457 | €420,223 | -€9,234 | -2.2% |
| Plant, machinery and equipment | 23 | €8,384 | €6,766 | -€1,617 | -19.3% |
| Furniture and vehicles | 24 | €1,001 | €715 | -€286 | -28.6% |
| Financial fixed assets | 28 | €610 | €610 | = | 0.0% |
| Current assets | 29/58 | €13,579 | €15,967 | +€2,388 | +17.6% |
| Amounts receivable within one year | 40/41 | €7,501 | €6,186 | -€1,315 | -17.5% |
| Trade receivables | 40 | €4,560 | €2,640 | -€1,920 | -42.1% |
| Other amounts receivable | 41 | €2,941 | €3,545 | +€604 | +20.6% |
| Cash at bank and in hand | 54/58 | €5,099 | €8,802 | +€3,703 | +72.6% |
| Deferred charges and accrued income | 490/1 | €980 | €980 | = | 0.0% |
| Total equity and liabilities | 10/49 | €453,032 | €444,282 | -€8,750 | -1.9% |
| Equity | 10/15 | -€126,363 | -€135,335 | -€8,972 | -7.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,837 | -€199,808 | -€8,972 | -4.7% |
| Amounts payable | 17/49 | €579,395 | €579,617 | +€222 | 0.0% |
| Amounts payable after more than one year | 17 | €350,000 | €350,000 | = | 0.0% |
| Financial debts | 170/4 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €225,626 | €229,617 | +€3,991 | +1.8% |
| Trade debts | 44 | €617 | €169 | -€448 | -72.7% |
| Suppliers | 440/4 | €617 | €169 | -€448 | -72.7% |
| Other amounts payable | 47/48 | €225,009 | €229,448 | +€4,439 | +2.0% |
| Accrued charges and deferred income | 492/3 | €3,769 | - | -€3,769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,653 | €11,138 | +€485 | +4.6% |
| Other operating charges | 640/8 | €3,352 | €3,519 | +€166 | +5.0% |
| Gross operating margin | 9900 | -€31,129 | €14,825 | +€45,954 | |
| Operating profit (loss) | 9901 | -€45,134 | €168 | +€45,302 | |
| Financial income | 75/76B | €2 | €1 | -€1 | -73.4% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -73.4% |
| Financial charges | 65/66B | €9,140 | €9,140 | +€1 | 0.0% |
| Recurring financial charges | 65 | €9,140 | €9,140 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€54,272 | -€8,972 | +€45,300 | +83.5% |
| Profit (loss) for the period | 9904 | -€54,272 | -€8,972 | +€45,300 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,272 | -€8,972 | +€45,300 | +83.5% |
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 29 October 2026 via checked.be.