WESTMINSTER: 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.
WESTMINSTER
Largest movements
- Tangible fixed assets +€347,542
up €347,542 (+37.0%), from €938,452 to €1.3m
of which Land and buildings: +€281,057
- Receivables within one year +€159,566
up €159,566 (+210.2%), from €75,926 to €235,492
of which Trade receivables: +€123,192
- Stocks and contracts +€112,465
up €112,465 (+102.7%), from €109,550 to €222,015
- Debts after one year +€234,588
up €234,588 (+45.8%), from €512,629 to €747,216
- Contributions +€150,000
up €150,000 (+3000.0%), from €5,000 to €155,000
- Revaluation surpluses +€100,000
up €100,000 (+55.6%), from €180,000 to €280,000
- Reserves +€92,657
up €92,657 (+83.9%), from €110,389 to €203,046
- Advances received +€59,630
new in 2025: €59,630
- Gross operating margin +€99,130
up €99,130 (+58.0%), from €170,844 to €269,974
- Taxes +€18,759
up €18,759 (+108.8%), from €17,248 to €36,007
- Depreciation +€18,186
up €18,186 (+21.0%), from €86,792 to €104,979
- Financial charges +€14,076
up €14,076 (+82.9%), from €16,970 to €31,046
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 | €1,135,470 | €1,758,920 | +€623,450 | +54.9% |
| Fixed assets | 21/28 | €947,180 | €1,290,764 | +€343,584 | +36.3% |
| Intangible fixed assets | 21 | €8,728 | €4,770 | -€3,959 | -45.4% |
| Tangible fixed assets | 22/27 | €938,452 | €1,285,995 | +€347,542 | +37.0% |
| Land and buildings | 22 | €702,629 | €983,686 | +€281,057 | +40.0% |
| Plant, machinery and equipment | 23 | €197,629 | €276,888 | +€79,259 | +40.1% |
| Furniture and vehicles | 24 | €38,195 | €25,420 | -€12,774 | -33.4% |
| Current assets | 29/58 | €188,289 | €468,155 | +€279,866 | +148.6% |
| Stocks and contracts in progress | 3 | €109,550 | €222,015 | +€112,465 | +102.7% |
| Stocks | 30/36 | €109,550 | €222,015 | +€112,465 | +102.7% |
| Amounts receivable within one year | 40/41 | €75,926 | €235,492 | +€159,566 | +210.2% |
| Trade receivables | 40 | €70,060 | €193,252 | +€123,192 | +175.8% |
| Other amounts receivable | 41 | €5,866 | €42,240 | +€36,374 | +620.1% |
| Cash at bank and in hand | 54/58 | €0 | €6,894 | +€6,894 | |
| Deferred charges and accrued income | 490/1 | €2,813 | €3,755 | +€941 | +33.5% |
| Total equity and liabilities | 10/49 | €1,135,470 | €1,758,920 | +€623,450 | +54.9% |
| Equity | 10/15 | €295,389 | €638,046 | +€342,657 | +116.0% |
| Contributions | 10/11 | €5,000 | €155,000 | +€150,000 | +3000.0% |
| Revaluation surpluses | 12 | €180,000 | €280,000 | +€100,000 | +55.6% |
| Reserves | 13 | €110,389 | €203,046 | +€92,657 | +83.9% |
| Distributable reserves | 133 | €110,389 | €203,046 | +€92,657 | +83.9% |
| Amounts payable | 17/49 | €840,081 | €1,120,874 | +€280,793 | +33.4% |
| Amounts payable after more than one year | 17 | €512,629 | €747,216 | +€234,588 | +45.8% |
| Financial debts | 170/4 | €512,629 | €747,216 | +€234,588 | +45.8% |
| Amounts payable within one year | 42/48 | €322,377 | €371,730 | +€49,353 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €19,925 | €34,162 | +€14,237 | +71.5% |
| Financial debts | 43 | €19,459 | €0 | -€19,459 | -100.0% |
| Credit institutions | 430/8 | €19,459 | €0 | -€19,459 | -100.0% |
| Trade debts | 44 | €118,542 | €100,650 | -€17,892 | -15.1% |
| Suppliers | 440/4 | €118,542 | €100,650 | -€17,892 | -15.1% |
| Advances received on contracts in progress | 46 | - | €59,630 | +€59,630 | |
| Taxes, remuneration and social security | 45 | €64,401 | €66,885 | +€2,484 | +3.9% |
| Taxes | 450/3 | €64,401 | €66,885 | +€2,484 | +3.9% |
| Other amounts payable | 47/48 | €100,050 | €110,403 | +€10,353 | +10.3% |
| Accrued charges and deferred income | 492/3 | €5,076 | €1,928 | -€3,148 | -62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,792 | €104,979 | +€18,186 | +21.0% |
| Other operating charges | 640/8 | €5,824 | €6,881 | +€1,057 | +18.1% |
| Gross operating margin | 9900 | €170,844 | €269,974 | +€99,130 | +58.0% |
| Operating profit (loss) | 9901 | €78,228 | €158,115 | +€79,887 | +102.1% |
| Financial income | 75/76B | €155 | €1,596 | +€1,440 | +926.5% |
| Recurring financial income | 75 | €155 | €1,596 | +€1,440 | +926.5% |
| Financial charges | 65/66B | €16,970 | €31,046 | +€14,076 | +82.9% |
| Recurring financial charges | 65 | €16,970 | €31,046 | +€14,076 | +82.9% |
| Profit (loss) for the period before taxes | 9903 | €61,413 | €128,664 | +€67,251 | +109.5% |
| Income taxes | 67/77 | €17,248 | €36,007 | +€18,759 | +108.8% |
| Profit (loss) for the period | 9904 | €44,165 | €92,657 | +€48,492 | +109.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,165 | €92,657 | +€48,492 | +109.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.