WESTIM: what changed
Two fiscal 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.
WESTIM
Largest movements
- Cash -€8,646
down €8,646 (-10.4%), from €83,462 to €74,816
mainly Debts after one year (-€7,292) and Investment in fixed assets (net) (-€3,934)
- Tangible fixed assets +€3,596
up €3,596 (+2.6%), from €137,972 to €141,568
- Receivables within one year +€3,538
up €3,538 (+12.6%), from €28,133 to €31,672
- Debts after one year -€7,292
down €7,292 (-15.9%), from €45,865 to €38,573
- Profit (loss) carried forward +€4,547
up €4,547 (+8.7%), from -€52,176 to -€47,629
- Other debts +€2,589
up €2,589 (+7.8%), from €33,034 to €35,623
- Gross operating margin +€2,254
up €2,254 (+17.2%), from €13,135 to €15,388
- Financial charges +€429
up €429 (+7.5%), from €5,722 to €6,151
- Depreciation +€338
new in 2025: €338
- Other operating charges -€168
down €168 (-3.7%), from €4,526 to €4,358
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.
Cash bridge derived
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 | €251,116 | €249,423 | -€1,693 | -0.7% |
| Fixed assets | 21/28 | €137,972 | €141,568 | +€3,596 | +2.6% |
| Tangible fixed assets | 22/27 | €137,972 | €141,568 | +€3,596 | +2.6% |
| Land and buildings | 22 | €137,972 | €141,568 | +€3,596 | +2.6% |
| Current assets | 29/58 | €113,144 | €107,855 | -€5,289 | -4.7% |
| Amounts receivable within one year | 40/41 | €28,133 | €31,672 | +€3,538 | +12.6% |
| Other amounts receivable | 41 | €28,133 | €31,672 | +€3,538 | +12.6% |
| Cash at bank and in hand | 54/58 | €83,462 | €74,816 | -€8,646 | -10.4% |
| Deferred charges and accrued income | 490/1 | €1,548 | €1,367 | -€181 | -11.7% |
| Total equity and liabilities | 10/49 | €251,116 | €249,423 | -€1,693 | -0.7% |
| Equity | 10/15 | €167,824 | €172,371 | +€4,547 | +2.7% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€52,176 | -€47,629 | +€4,547 | +8.7% |
| Amounts payable | 17/49 | €83,292 | €77,052 | -€6,240 | -7.5% |
| Amounts payable after more than one year | 17 | €45,865 | €38,573 | -€7,292 | -15.9% |
| Other amounts payable | 178/9 | €45,865 | €38,573 | -€7,292 | -15.9% |
| Amounts payable within one year | 42/48 | €33,034 | €35,623 | +€2,589 | +7.8% |
| Other amounts payable | 47/48 | €33,034 | €35,623 | +€2,589 | +7.8% |
| Accrued charges and deferred income | 492/3 | €4,393 | €2,857 | -€1,537 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €338 | +€338 | |
| Other operating charges | 640/8 | €4,526 | €4,358 | -€168 | -3.7% |
| Gross operating margin | 9900 | €13,135 | €15,388 | +€2,254 | +17.2% |
| Operating profit (loss) | 9901 | €8,609 | €10,693 | +€2,084 | +24.2% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €5,722 | €6,151 | +€429 | +7.5% |
| Recurring financial charges | 65 | €5,722 | €6,151 | +€429 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €2,887 | €4,547 | +€1,660 | +57.5% |
| Profit (loss) for the period | 9904 | €2,887 | €4,547 | +€1,660 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,887 | €4,547 | +€1,660 | +57.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.