Westminster Capital: 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.
Westminster Capital
Largest movements
- Receivables within one year +€1.9m
up €1.9m (+7.7%), from €25.2m to €27.1m
- Debts after one year +€1.4m
up €1.4m (+18.7%), from €7.7m to €9.1m
- Financial income +€401,829
up €401,829 (+165%), from €243,282 to €645,111
- Financial charges +€67,635
up €67,635 (+133%), from €50,868 to €118,503
- Gross operating margin +€37,230
up €37,230, from -€20,886 to €16,344
- Taxes +€29,329
up €29,329 (+62.5%), from €46,897 to €76,226
- Other operating charges -€250
down €250 (-100%), from €250 to €0
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 | €45,662,631 | €47,546,938 | +€1.9m | +4.1% |
| Fixed assets | 21/28 | €19,777,580 | €19,814,510 | +€36,930 | +0.2% |
| Financial fixed assets | 28 | €19,777,580 | €19,814,510 | +€36,930 | +0.2% |
| Current assets | 29/58 | €25,885,050 | €27,732,428 | +€1.8m | +7.1% |
| Amounts receivable after more than one year | 29 | €359,458 | €402,738 | +€43,280 | +12.0% |
| Other amounts receivable | 291 | €359,458 | €402,738 | +€43,280 | +12.0% |
| Amounts receivable within one year | 40/41 | €25,173,202 | €27,117,164 | +€1.9m | +7.7% |
| Other amounts receivable | 41 | €25,173,202 | €27,117,164 | +€1.9m | +7.7% |
| Cash at bank and in hand | 54/58 | €352,390 | €212,525 | -€139,865 | -39.7% |
| Total equity and liabilities | 10/49 | €45,662,631 | €47,546,938 | +€1.9m | +4.1% |
| Equity | 10/15 | €37,724,789 | €38,190,420 | +€465,631 | +1.2% |
| Contributions | 10/11 | €12,461,791 | €12,461,791 | = | 0.0% |
| Reserves | 13 | €25,262,998 | €25,728,629 | +€465,631 | +1.8% |
| Distributable reserves | 133 | €25,262,998 | €25,728,629 | +€465,631 | +1.8% |
| Amounts payable | 17/49 | €7,937,842 | €9,356,518 | +€1.4m | +17.9% |
| Amounts payable after more than one year | 17 | €7,653,987 | €9,085,311 | +€1.4m | +18.7% |
| Financial debts | 170/4 | €7,653,987 | €9,085,311 | +€1.4m | +18.7% |
| Amounts payable within one year | 42/48 | €283,855 | €271,206 | -€12,648 | -4.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,408 | €5,535 | +€1,127 | +25.6% |
| Suppliers | 440/4 | €4,408 | €5,535 | +€1,127 | +25.6% |
| Taxes, remuneration and social security | 45 | €47,003 | €103,742 | +€56,739 | +121% |
| Taxes | 450/3 | €47,003 | €103,742 | +€56,739 | +121% |
| Other amounts payable | 47/48 | €232,444 | €161,930 | -€70,514 | -30.3% |
| Non-recurring operating income | 76A | €5,228 | €38,640 | +€33,413 | +639% |
| Other operating charges | 640/8 | €250 | €0 | -€250 | -100% |
| Non-recurring operating charges | 66A | €670 | €1,095 | +€426 | +63.5% |
| Gross operating margin | 9900 | -€20,886 | €16,344 | +€37,230 | |
| Operating profit (loss) | 9901 | -€21,805 | €15,249 | +€37,054 | |
| Financial income | 75/76B | €243,282 | €645,111 | +€401,829 | +165% |
| Recurring financial income | 75 | €243,282 | €645,111 | +€401,829 | +165% |
| Financial charges | 65/66B | €50,868 | €118,503 | +€67,635 | +133% |
| Recurring financial charges | 65 | €50,868 | €118,503 | +€67,635 | +133% |
| Profit (loss) for the period before taxes | 9903 | €170,609 | €541,857 | +€371,249 | +218% |
| Income taxes | 67/77 | €46,897 | €76,226 | +€29,329 | +62.5% |
| Profit (loss) for the period | 9904 | €123,711 | €465,631 | +€341,920 | +276% |
| Profit (loss) for the period to be appropriated | 9905 | €123,711 | €465,631 | +€341,920 | +276% |
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 25 October 2026 via checked.be.