Westore: 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.
Westore
Largest movements
- Financial fixed assets +€40,500
new in 2026: €40,500
- Tangible fixed assets +€19,733
up €19,733 (+51.4%), from €38,414 to €58,148
of which Other tangible fixed assets: +€39,721
- Receivables within one year +€16,837
up €16,837 (+414%), from €4,065 to €20,902
of which Trade receivables: +€18,795
- Cash -€16,079
down €16,079 (-42.7%), from €37,693 to €21,614
mainly Investment in fixed assets (net) (-€72,617) and Receivables within one year (-€16,837)
- Stocks and contracts -€5,069
down €5,069 (-28.8%), from €17,617 to €12,548
- Other debts +€27,493
up €27,493 (+46.1%), from €59,630 to €87,123
- Trade debts +€22,022
up €22,022 (+7,458%), from €295 to €22,317
- Tax, wage and social debts +€7,041
new in 2026: €7,041
- Reserves +€3,000
up €3,000 (+8.8%), from €34,000 to €37,000
- Gross operating margin -€52,518
down €52,518 (-73.8%), from €71,164 to €18,646
- Depreciation -€13,765
down €13,765 (-52.6%), from €26,149 to €12,384
- Taxes -€9,545
down €9,545 (-77.0%), from €12,400 to €2,854
- Other operating charges +€825
up €825 (+176%), from €470 to €1,295
- Financial charges +€764
up €764 (+416%), from €184 to €948
of which Financial charges: +€600
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,356 | €163,300 | +€57,944 | +55.0% |
| Fixed assets | 21/28 | €38,414 | €98,648 | +€60,233 | +157% |
| Tangible fixed assets | 22/27 | €38,414 | €58,148 | +€19,733 | +51.4% |
| Plant, machinery and equipment | 23 | €11,488 | €6,166 | -€5,322 | -46.3% |
| Furniture and vehicles | 24 | €22,738 | €8,072 | -€14,665 | -64.5% |
| Other tangible fixed assets | 26 | €4,188 | €43,910 | +€39,721 | +948% |
| Financial fixed assets | 28 | - | €40,500 | +€40,500 | |
| Current assets | 29/58 | €66,942 | €64,652 | -€2,290 | -3.4% |
| Stocks and contracts in progress | 3 | €17,617 | €12,548 | -€5,069 | -28.8% |
| Stocks | 30/36 | €17,617 | €12,548 | -€5,069 | -28.8% |
| Amounts receivable within one year | 40/41 | €4,065 | €20,902 | +€16,837 | +414% |
| Trade receivables | 40 | €2,107 | €20,902 | +€18,795 | +892% |
| Other amounts receivable | 41 | €1,958 | - | -€1,958 | |
| Cash at bank and in hand | 54/58 | €37,693 | €21,614 | -€16,079 | -42.7% |
| Deferred charges and accrued income | 490/1 | €7,567 | €9,588 | +€2,020 | +26.7% |
| Total equity and liabilities | 10/49 | €105,356 | €163,300 | +€57,944 | +55.0% |
| Equity | 10/15 | €43,269 | €46,819 | +€3,550 | +8.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €34,000 | €37,000 | +€3,000 | +8.8% |
| Distributable reserves | 133 | €34,000 | €37,000 | +€3,000 | +8.8% |
| Profit (loss) carried forward | 14 | €1,209 | €1,759 | +€550 | +45.5% |
| Amounts payable | 17/49 | €62,087 | €116,481 | +€54,394 | +87.6% |
| Amounts payable within one year | 42/48 | €61,487 | €116,481 | +€54,994 | +89.4% |
| Current portion of amounts payable after more than one year | 42 | €1,562 | - | -€1,562 | |
| Trade debts | 44 | €295 | €22,317 | +€22,022 | +7,458% |
| Suppliers | 440/4 | €295 | €22,317 | +€22,022 | +7,458% |
| Taxes, remuneration and social security | 45 | - | €7,041 | +€7,041 | |
| Taxes | 450/3 | - | €7,041 | +€7,041 | |
| Other amounts payable | 47/48 | €59,630 | €87,123 | +€27,493 | +46.1% |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Non-recurring operating income | 76A | - | €38,848 | +€38,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,149 | €12,384 | -€13,765 | -52.6% |
| Other operating charges | 640/8 | €470 | €1,295 | +€825 | +176% |
| Gross operating margin | 9900 | €71,164 | €18,646 | -€52,518 | -73.8% |
| Operating profit (loss) | 9901 | €44,546 | €4,968 | -€39,578 | -88.8% |
| Financial income | 75/76B | €2,317 | €2,385 | +€68 | +2.9% |
| Recurring financial income | 75 | €2,317 | €2,385 | +€68 | +2.9% |
| Financial charges | 65/66B | €184 | €948 | +€764 | +416% |
| Recurring financial charges | 65 | €184 | €784 | +€600 | +327% |
| Non-recurring financial charges | 66B | - | €163 | +€163 | |
| Profit (loss) for the period before taxes | 9903 | €46,679 | €6,405 | -€40,274 | -86.3% |
| Income taxes | 67/77 | €12,400 | €2,854 | -€9,545 | -77.0% |
| Profit (loss) for the period | 9904 | €34,279 | €3,550 | -€30,729 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,279 | €3,550 | -€30,729 | -89.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.