WESTKAPP: 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.
WESTKAPP
Largest movements
- Cash -€14,626
down €14,626 (-92.6%), from €15,798 to €1,172
mainly Investment in fixed assets (net) (-€20,000) and Net result for the year (-€18,819)
- Profit (loss) carried forward -€18,819
down €18,819 (-27.8%), from -€67,590 to -€86,409
- Gross operating margin +€16,110
up €16,110 (+501%), from €3,219 to €19,329
- Depreciation +€3,496
up €3,496 (+13.3%), from €26,282 to €29,777
- Other operating charges -€1,791
down €1,791 (-18.7%), from €9,584 to €7,793
- Financial charges -€521
down €521 (-55.6%), from €938 to €417
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,206,285 | €1,187,958 | -€18,327 | -1.5% |
| Fixed assets | 21/28 | €1,157,703 | €1,147,925 | -€9,777 | -0.8% |
| Tangible fixed assets | 22/27 | €1,157,703 | €1,147,925 | -€9,777 | -0.8% |
| Land and buildings | 22 | €1,118,611 | €1,103,958 | -€14,653 | -1.3% |
| Plant, machinery and equipment | 23 | €514 | €342 | -€171 | -33.3% |
| Furniture and vehicles | 24 | - | €16,504 | +€16,504 | |
| Other tangible fixed assets | 26 | €38,578 | €27,121 | -€11,457 | -29.7% |
| Current assets | 29/58 | €48,582 | €40,032 | -€8,550 | -17.6% |
| Amounts receivable within one year | 40/41 | €32,784 | €38,860 | +€6,077 | +18.5% |
| Trade receivables | 40 | €21,897 | €23,801 | +€1,904 | +8.7% |
| Other amounts receivable | 41 | €10,887 | €15,059 | +€4,173 | +38.3% |
| Cash at bank and in hand | 54/58 | €15,798 | €1,172 | -€14,626 | -92.6% |
| Total equity and liabilities | 10/49 | €1,206,285 | €1,187,958 | -€18,327 | -1.5% |
| Equity | 10/15 | €1,008,218 | €989,399 | -€18,819 | -1.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €975,000 | €975,000 | = | 0.0% |
| Reserves | 13 | €808 | €808 | = | 0.0% |
| Non-distributable reserves | 130/1 | €808 | €808 | = | 0.0% |
| Legal reserve | 130 | €808 | €808 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,590 | -€86,409 | -€18,819 | -27.8% |
| Amounts payable | 17/49 | €198,066 | €198,558 | +€492 | +0.2% |
| Amounts payable within one year | 42/48 | €198,066 | €198,558 | +€492 | +0.2% |
| Trade debts | 44 | €22,448 | €22,118 | -€330 | -1.5% |
| Suppliers | 440/4 | €22,448 | €22,118 | -€330 | -1.5% |
| Advances received on contracts in progress | 46 | €3,030 | €4,545 | +€1,515 | +50.0% |
| Taxes, remuneration and social security | 45 | €4,544 | €346 | -€4,198 | -92.4% |
| Taxes | 450/3 | €4,544 | €346 | -€4,198 | -92.4% |
| Other amounts payable | 47/48 | €168,044 | €171,549 | +€3,505 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,282 | €29,777 | +€3,496 | +13.3% |
| Other operating charges | 640/8 | €9,584 | €7,793 | -€1,791 | -18.7% |
| Gross operating margin | 9900 | €3,219 | €19,329 | +€16,110 | +501% |
| Operating profit (loss) | 9901 | -€32,647 | -€18,242 | +€14,405 | +44.1% |
| Financial charges | 65/66B | €938 | €417 | -€521 | -55.6% |
| Recurring financial charges | 65 | €938 | €417 | -€521 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,585 | -€18,659 | +€14,926 | +44.4% |
| Income taxes | 67/77 | -€6 | €160 | +€166 | |
| Profit (loss) for the period | 9904 | -€33,579 | -€18,819 | +€14,760 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,579 | -€18,819 | +€14,760 | +44.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.