WESTKOEKJES: 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.
WESTKOEKJES
Largest movements
- Tangible fixed assets -€29,652
down €29,652 (-18.2%), from €163,242 to €133,590
of which Furniture and vehicles: -€21,763
- Cash +€16,393
up €16,393 (+28.5%), from €57,419 to €73,812
mainly Depreciation (+€40,431) and Net result for the year (+€13,754)
- Receivables within one year +€14,834
up €14,834 (+144%), from €10,305 to €25,138
of which Other amounts receivable: +€15,034
- Debts after one year -€22,036
down €22,036 (-37.9%), from €58,189 to €36,153
- Profit (loss) carried forward +€13,754
up €13,754 (+13.0%), from €106,034 to €119,788
- Tax, wage and social debts +€10,191
up €10,191 (+98.2%), from €10,374 to €20,565
of which Taxes: +€6,724
- Trade debts -€5,523
down €5,523 (-40.1%), from €13,762 to €8,240
- Short-term financial debts +€5,043
new in 2025: €5,043
- Depreciation +€15,059
up €15,059 (+59.4%), from €25,372 to €40,431
- Staff costs +€14,813
up €14,813 (+30.4%), from €48,676 to €63,489
- Gross operating margin +€10,974
up €10,974 (+9.7%), from €113,588 to €124,562
- Taxes -€4,531
down €4,531 (-56.2%), from €8,069 to €3,538
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 | €243,103 | €242,263 | -€840 | -0.3% |
| Fixed assets | 21/28 | €163,242 | €133,590 | -€29,652 | -18.2% |
| Tangible fixed assets | 22/27 | €163,242 | €133,590 | -€29,652 | -18.2% |
| Plant, machinery and equipment | 23 | €100,756 | €92,867 | -€7,889 | -7.8% |
| Furniture and vehicles | 24 | €62,486 | €40,723 | -€21,763 | -34.8% |
| Current assets | 29/58 | €79,861 | €108,673 | +€28,812 | +36.1% |
| Stocks and contracts in progress | 3 | €10,608 | €9,293 | -€1,315 | -12.4% |
| Stocks | 30/36 | €10,608 | €9,293 | -€1,315 | -12.4% |
| Amounts receivable within one year | 40/41 | €10,305 | €25,138 | +€14,834 | +144% |
| Trade receivables | 40 | €200 | - | -€200 | |
| Other amounts receivable | 41 | €10,105 | €25,138 | +€15,034 | +149% |
| Cash at bank and in hand | 54/58 | €57,419 | €73,812 | +€16,393 | +28.5% |
| Deferred charges and accrued income | 490/1 | €1,529 | €430 | -€1,099 | -71.9% |
| Total equity and liabilities | 10/49 | €243,103 | €242,263 | -€840 | -0.3% |
| Equity | 10/15 | €135,077 | €148,831 | +€13,754 | +10.2% |
| Contributions | 10/11 | €24,600 | €24,600 | = | 0.0% |
| Reserves | 13 | €4,443 | €4,443 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €2,460 | €2,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,034 | €119,788 | +€13,754 | +13.0% |
| Amounts payable | 17/49 | €108,026 | €93,432 | -€14,594 | -13.5% |
| Amounts payable after more than one year | 17 | €58,189 | €36,153 | -€22,036 | -37.9% |
| Financial debts | 170/4 | €58,189 | €36,153 | -€22,036 | -37.9% |
| Amounts payable within one year | 42/48 | €49,837 | €55,884 | +€6,047 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €25,701 | €22,036 | -€3,664 | -14.3% |
| Financial debts | 43 | - | €5,043 | +€5,043 | |
| Credit institutions | 430/8 | - | €5,043 | +€5,043 | |
| Trade debts | 44 | €13,762 | €8,240 | -€5,523 | -40.1% |
| Suppliers | 440/4 | €13,762 | €8,240 | -€5,523 | -40.1% |
| Taxes, remuneration and social security | 45 | €10,374 | €20,565 | +€10,191 | +98.2% |
| Taxes | 450/3 | €10,185 | €16,909 | +€6,724 | +66.0% |
| Remuneration and social security | 454/9 | €189 | €3,656 | +€3,467 | +1,836% |
| Accrued charges and deferred income | 492/3 | - | €1,395 | +€1,395 | |
| Non-recurring operating income | 76A | €3,493 | - | -€3,493 | |
| Remuneration, social security and pensions | 62 | €48,676 | €63,489 | +€14,813 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,372 | €40,431 | +€15,059 | +59.4% |
| Other operating charges | 640/8 | €799 | €128 | -€671 | -84.0% |
| Gross operating margin | 9900 | €113,588 | €124,562 | +€10,974 | +9.7% |
| Operating profit (loss) | 9901 | €38,741 | €20,514 | -€18,227 | -47.0% |
| Financial income | 75/76B | - | €132 | +€132 | |
| Recurring financial income | 75 | - | €132 | +€132 | |
| Financial charges | 65/66B | €2,719 | €3,354 | +€635 | +23.4% |
| Recurring financial charges | 65 | €2,719 | €3,354 | +€635 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €36,022 | €17,292 | -€18,730 | -52.0% |
| Income taxes | 67/77 | €8,069 | €3,538 | -€4,531 | -56.2% |
| Profit (loss) for the period | 9904 | €27,953 | €13,754 | -€14,198 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,953 | €13,754 | -€14,198 | -50.8% |
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 26 October 2026 via checked.be.