Westkade: 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.
Westkade
Largest movements
- Receivables within one year +€4,761
up €4,761 (+116%), from €4,096 to €8,857
- Debts after one year -€10,991
down €10,991 (-5.0%), from €219,431 to €208,440
- Reserves +€10,093
up €10,093 (+12.9%), from €78,234 to €88,327
- Gross operating margin -€1,035
down €1,035 (-5.7%), from €18,197 to €17,162
- Taxes +€559
up €559 (+19.5%), from €2,870 to €3,429
- Financial charges -€220
down €220 (-7.2%), from €3,042 to €2,822
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 | €332,579 | €336,785 | +€4,206 | +1.3% |
| Fixed assets | 21/28 | €300,000 | €300,000 | = | 0.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €32,579 | €36,785 | +€4,206 | +12.9% |
| Amounts receivable within one year | 40/41 | €4,096 | €8,857 | +€4,761 | +116% |
| Other amounts receivable | 41 | €4,096 | €8,857 | +€4,761 | +116% |
| Cash at bank and in hand | 54/58 | €28,484 | €27,928 | -€556 | -2.0% |
| Total equity and liabilities | 10/49 | €332,579 | €336,785 | +€4,206 | +1.3% |
| Equity | 10/15 | €90,634 | €100,727 | +€10,093 | +11.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €78,234 | €88,327 | +€10,093 | +12.9% |
| Distributable reserves | 133 | €78,234 | €88,327 | +€10,093 | +12.9% |
| Amounts payable | 17/49 | €241,946 | €236,058 | -€5,887 | -2.4% |
| Amounts payable after more than one year | 17 | €219,431 | €208,440 | -€10,991 | -5.0% |
| Financial debts | 170/4 | €219,431 | €208,440 | -€10,991 | -5.0% |
| Amounts payable within one year | 42/48 | €22,291 | €27,347 | +€5,056 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €10,688 | €10,991 | +€303 | +2.8% |
| Trade debts | 44 | €3,000 | €6,258 | +€3,258 | +109% |
| Suppliers | 440/4 | €3,000 | €6,258 | +€3,258 | +109% |
| Taxes, remuneration and social security | 45 | €3,232 | €4,504 | +€1,271 | +39.3% |
| Taxes | 450/3 | €3,232 | €4,504 | +€1,271 | +39.3% |
| Other amounts payable | 47/48 | €5,370 | €5,594 | +€223 | +4.2% |
| Accrued charges and deferred income | 492/3 | €223 | €272 | +€48 | +21.7% |
| Other operating charges | 640/8 | €805 | €818 | +€13 | +1.6% |
| Gross operating margin | 9900 | €18,197 | €17,162 | -€1,035 | -5.7% |
| Operating profit (loss) | 9901 | €17,391 | €16,344 | -€1,048 | -6.0% |
| Financial charges | 65/66B | €3,042 | €2,822 | -€220 | -7.2% |
| Recurring financial charges | 65 | €3,042 | €2,822 | -€220 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €14,349 | €13,522 | -€827 | -5.8% |
| Income taxes | 67/77 | €2,870 | €3,429 | +€559 | +19.5% |
| Profit (loss) for the period | 9904 | €11,479 | €10,093 | -€1,386 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,479 | €10,093 | -€1,386 | -12.1% |
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 30 October 2026 via checked.be.