WESTMILE: 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.
WESTMILE
Largest movements
- Stocks and contracts +€193,468
up €193,468 (+167.6%), from €115,444 to €308,912
- Receivables within one year +€4,574
up €4,574 (+1675.3%), from €273 to €4,847
of which Trade receivables: +€3,400
- Tangible fixed assets -€3,900
down €3,900 (-22.5%), from €17,364 to €13,464
- Debts after one year +€168,524
up €168,524 (+202.5%), from €83,215 to €251,738
- Reserves +€39,606
up €39,606 (+2541.3%), from €1,558 to €41,165
- Other debts -€28,701
down €28,701 (-76.8%), from €37,381 to €8,680
- Current portion of long-term debt +€7,432
new in 2025: €7,432
- Tax, wage and social debts +€7,228
up €7,228 (+204.2%), from €3,540 to €10,768
- Gross operating margin +€55,422
up €55,422 (+382.8%), from €14,478 to €69,899
- Taxes +€9,749
up €9,749 (+980.7%), from €994 to €10,744
- Financial charges +€5,253
up €5,253 (+130.1%), from €4,038 to €9,290
- Depreciation -€2,611
down €2,611 (-40.1%), from €6,511 to €3,900
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 | €157,222 | €356,110 | +€198,888 | +126.5% |
| Fixed assets | 21/28 | €17,364 | €13,464 | -€3,900 | -22.5% |
| Tangible fixed assets | 22/27 | €17,364 | €13,464 | -€3,900 | -22.5% |
| Plant, machinery and equipment | 23 | €17,364 | €13,464 | -€3,900 | -22.5% |
| Current assets | 29/58 | €139,858 | €342,646 | +€202,788 | +145.0% |
| Stocks and contracts in progress | 3 | €115,444 | €308,912 | +€193,468 | +167.6% |
| Stocks | 30/36 | €115,444 | €308,912 | +€193,468 | +167.6% |
| Amounts receivable within one year | 40/41 | €273 | €4,847 | +€4,574 | +1675.3% |
| Trade receivables | 40 | - | €3,400 | +€3,400 | |
| Other amounts receivable | 41 | €273 | €1,447 | +€1,174 | +430.0% |
| Cash at bank and in hand | 54/58 | €24,140 | €25,927 | +€1,787 | +7.4% |
| Deferred charges and accrued income | 490/1 | - | €2,959 | +€2,959 | |
| Total equity and liabilities | 10/49 | €157,222 | €356,110 | +€198,888 | +126.5% |
| Equity | 10/15 | €5,558 | €45,165 | +€39,606 | +712.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €1,558 | €41,165 | +€39,606 | +2541.3% |
| Distributable reserves | 133 | €1,558 | €41,165 | +€39,606 | +2541.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €151,663 | €310,945 | +€159,282 | +105.0% |
| Amounts payable after more than one year | 17 | €83,215 | €251,738 | +€168,524 | +202.5% |
| Financial debts | 170/4 | €83,215 | €251,738 | +€168,524 | +202.5% |
| Amounts payable within one year | 42/48 | €68,449 | €59,207 | -€9,242 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,432 | +€7,432 | |
| Trade debts | 44 | €27,528 | €32,326 | +€4,798 | +17.4% |
| Suppliers | 440/4 | €27,528 | €32,326 | +€4,798 | +17.4% |
| Taxes, remuneration and social security | 45 | €3,540 | €10,768 | +€7,228 | +204.2% |
| Taxes | 450/3 | €3,540 | €10,768 | +€7,228 | +204.2% |
| Other amounts payable | 47/48 | €37,381 | €8,680 | -€28,701 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,511 | €3,900 | -€2,611 | -40.1% |
| Other operating charges | 640/8 | €518 | €776 | +€259 | +50.0% |
| Non-recurring operating charges | 66A | - | €4,750 | +€4,750 | |
| Gross operating margin | 9900 | €14,478 | €69,899 | +€55,422 | +382.8% |
| Operating profit (loss) | 9901 | €7,449 | €60,473 | +€53,024 | +711.8% |
| Financial charges | 65/66B | €4,038 | €9,290 | +€5,253 | +130.1% |
| Recurring financial charges | 65 | €4,038 | €9,290 | +€5,253 | +130.1% |
| Profit (loss) for the period before taxes | 9903 | €3,412 | €51,183 | +€47,771 | +1400.3% |
| Income taxes | 67/77 | €994 | €10,744 | +€9,749 | +980.7% |
| Profit (loss) for the period | 9904 | €2,417 | €40,439 | +€38,022 | +1572.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,417 | €40,439 | +€38,022 | +1572.8% |
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.