WESTKING: 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.
WESTKING
Largest movements
- Tangible fixed assets -€138,067
down €138,067 (-20.0%), from €689,699 to €551,631
of which Other tangible fixed assets: -€138,883
- Receivables within one year -€26,716
down €26,716 (-86.4%), from €30,909 to €4,192
of which Other amounts receivable: -€29,899
- Cash +€12,773
up €12,773 (+6.1%), from €207,936 to €220,710
mainly Depreciation (+€145,959) and Receivables within one year (+€26,716)
- Debts after one year -€88,905
down €88,905 (-33.0%), from €269,168 to €180,262
- Profit (loss) carried forward -€42,855
down €42,855 (-35.9%), from -€119,211 to -€162,067
- Accrued charges and deferred income -€22,000
no longer reported in 2025 (was €22,000)
- Other debts +€20,734
up €20,734 (+17.3%), from €120,000 to €140,734
- Trade debts -€19,455
down €19,455 (-7.7%), from €251,377 to €231,921
- Staff costs -€58,924
down €58,924 (-7.6%), from €776,812 to €717,889
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 | €971,141 | €809,778 | -€161,363 | -16.6% |
| Fixed assets | 21/28 | €700,447 | €556,238 | -€144,209 | -20.6% |
| Intangible fixed assets | 21 | €6,142 | - | -€6,142 | |
| Tangible fixed assets | 22/27 | €689,699 | €551,631 | -€138,067 | -20.0% |
| Plant, machinery and equipment | 23 | €2,693 | €3,732 | +€1,039 | +38.6% |
| Furniture and vehicles | 24 | €466 | €242 | -€224 | -48.0% |
| Other tangible fixed assets | 26 | €686,540 | €547,657 | -€138,883 | -20.2% |
| Financial fixed assets | 28 | €4,607 | €4,607 | = | 0.0% |
| Current assets | 29/58 | €270,693 | €253,539 | -€17,154 | -6.3% |
| Stocks and contracts in progress | 3 | €24,865 | €24,719 | -€145 | -0.6% |
| Stocks | 30/36 | €24,865 | €24,719 | -€145 | -0.6% |
| Amounts receivable within one year | 40/41 | €30,909 | €4,192 | -€26,716 | -86.4% |
| Trade receivables | 40 | €931 | €4,114 | +€3,183 | +341.8% |
| Other amounts receivable | 41 | €29,978 | €79 | -€29,899 | -99.7% |
| Cash at bank and in hand | 54/58 | €207,936 | €220,710 | +€12,773 | +6.1% |
| Deferred charges and accrued income | 490/1 | €6,983 | €3,918 | -€3,066 | -43.9% |
| Total equity and liabilities | 10/49 | €971,141 | €809,778 | -€161,363 | -16.6% |
| Equity | 10/15 | €119,472 | €76,616 | -€42,855 | -35.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €138,683 | €138,683 | = | 0.0% |
| Distributable reserves | 133 | €138,683 | €138,683 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,211 | -€162,067 | -€42,855 | -35.9% |
| Amounts payable | 17/49 | €851,669 | €733,161 | -€118,507 | -13.9% |
| Amounts payable after more than one year | 17 | €269,168 | €180,262 | -€88,905 | -33.0% |
| Financial debts | 170/4 | €269,168 | €180,262 | -€88,905 | -33.0% |
| Amounts payable within one year | 42/48 | €560,501 | €552,899 | -€7,602 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €96,123 | €88,905 | -€7,218 | -7.5% |
| Trade debts | 44 | €251,377 | €231,921 | -€19,455 | -7.7% |
| Suppliers | 440/4 | €251,377 | €231,921 | -€19,455 | -7.7% |
| Taxes, remuneration and social security | 45 | €93,001 | €91,338 | -€1,663 | -1.8% |
| Taxes | 450/3 | €13,498 | €10,050 | -€3,448 | -25.5% |
| Remuneration and social security | 454/9 | €79,503 | €81,288 | +€1,785 | +2.2% |
| Other amounts payable | 47/48 | €120,000 | €140,734 | +€20,734 | +17.3% |
| Accrued charges and deferred income | 492/3 | €22,000 | - | -€22,000 | |
| Non-recurring operating income | 76A | €6,682 | €5,407 | -€1,275 | -19.1% |
| Remuneration, social security and pensions | 62 | €776,812 | €717,889 | -€58,924 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,503 | €145,959 | -€1,544 | -1.0% |
| Other operating charges | 640/8 | €1,573 | €1,449 | -€124 | -7.9% |
| Gross operating margin | 9900 | €834,484 | €827,542 | -€6,942 | -0.8% |
| Operating profit (loss) | 9901 | -€91,405 | -€37,756 | +€53,649 | +58.7% |
| Financial income | 75/76B | €1,073 | €728 | -€345 | -32.2% |
| Recurring financial income | 75 | €1,073 | €728 | -€345 | -32.2% |
| Financial charges | 65/66B | €7,007 | €5,584 | -€1,424 | -20.3% |
| Recurring financial charges | 65 | €7,007 | €5,584 | -€1,424 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€97,339 | -€42,612 | +€54,728 | +56.2% |
| Income taxes | 67/77 | €242 | €244 | +€2 | +0.6% |
| Profit (loss) for the period | 9904 | -€97,582 | -€42,855 | +€54,726 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,582 | -€42,855 | +€54,726 | +56.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.