Westpluma: 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.
Westpluma
Largest movements
- Cash +€166,721
up €166,721 (+114%), from €146,514 to €313,234
mainly Net result for the year (+€75,552) and Receivables within one year (+€59,098)
- Receivables within one year -€59,098
down €59,098 (-6.1%), from €966,495 to €907,396
of which Other amounts receivable: -€36,881
- Profit (loss) carried forward +€82,575
up €82,575 (+17.1%), from €483,209 to €565,783
- Trade debts +€18,616
up €18,616 (+13.3%), from €140,227 to €158,843
- Gross operating margin -€49,530
down €49,530 (-28.3%), from €174,822 to €125,292
- Financial charges +€8,956
up €8,956 (+533%), from €1,679 to €10,635
- Depreciation -€7,004
down €7,004 (-40.5%), from €17,312 to €10,308
- Taxes -€5,547
down €5,547 (-16.7%), from €33,282 to €27,736
- Other operating charges +€2,499
up €2,499 (+34.9%), from €7,163 to €9,662
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 | €1,746,589 | €1,835,287 | +€88,698 | +5.1% |
| Fixed assets | 21/28 | €461,347 | €456,488 | -€4,858 | -1.1% |
| Tangible fixed assets | 22/27 | €461,347 | €456,488 | -€4,858 | -1.1% |
| Land and buildings | 22 | €460,522 | €450,225 | -€10,296 | -2.2% |
| Plant, machinery and equipment | 23 | - | €5,438 | +€5,438 | |
| Furniture and vehicles | 24 | €825 | €825 | = | 0.0% |
| Current assets | 29/58 | €1,285,242 | €1,378,798 | +€93,556 | +7.3% |
| Stocks and contracts in progress | 3 | €163,103 | €158,168 | -€4,935 | -3.0% |
| Stocks | 30/36 | €163,103 | €158,168 | -€4,935 | -3.0% |
| Amounts receivable within one year | 40/41 | €966,495 | €907,396 | -€59,098 | -6.1% |
| Trade receivables | 40 | €25,522 | €3,304 | -€22,217 | -87.1% |
| Other amounts receivable | 41 | €940,973 | €904,092 | -€36,881 | -3.9% |
| Cash at bank and in hand | 54/58 | €146,514 | €313,234 | +€166,721 | +114% |
| Deferred charges and accrued income | 490/1 | €9,132 | - | -€9,132 | |
| Total equity and liabilities | 10/49 | €1,746,589 | €1,835,287 | +€88,698 | +5.1% |
| Equity | 10/15 | €1,180,033 | €1,255,585 | +€75,552 | +6.4% |
| Contributions | 10/11 | €190,500 | €190,500 | = | 0.0% |
| Capital | 10 | €190,500 | €190,500 | = | 0.0% |
| Issued capital | 100 | €190,500 | €190,500 | = | 0.0% |
| Revaluation surpluses | 12 | €258,290 | €258,290 | = | 0.0% |
| Reserves | 13 | €248,035 | €241,012 | -€7,023 | -2.8% |
| Non-distributable reserves | 130/1 | €19,050 | €19,050 | = | 0.0% |
| Legal reserve | 130 | €19,050 | €19,050 | = | 0.0% |
| Tax-exempt reserves | 132 | €228,985 | €221,962 | -€7,023 | -3.1% |
| Profit (loss) carried forward | 14 | €483,209 | €565,783 | +€82,575 | +17.1% |
| Provisions and deferred taxes | 16 | €76,328 | €73,987 | -€2,341 | -3.1% |
| Deferred taxes | 168 | €76,328 | €73,987 | -€2,341 | -3.1% |
| Amounts payable | 17/49 | €490,228 | €505,714 | +€15,486 | +3.2% |
| Amounts payable within one year | 42/48 | €490,228 | €505,714 | +€15,486 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €3,750 | - | -€3,750 | |
| Trade debts | 44 | €140,227 | €158,843 | +€18,616 | +13.3% |
| Suppliers | 440/4 | €140,227 | €158,843 | +€18,616 | +13.3% |
| Taxes, remuneration and social security | 45 | €847 | €1,069 | +€222 | +26.3% |
| Taxes | 450/3 | €847 | €1,069 | +€222 | +26.3% |
| Other amounts payable | 47/48 | €345,404 | €345,802 | +€398 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,312 | €10,308 | -€7,004 | -40.5% |
| Other operating charges | 640/8 | €7,163 | €9,662 | +€2,499 | +34.9% |
| Gross operating margin | 9900 | €174,822 | €125,292 | -€49,530 | -28.3% |
| Operating profit (loss) | 9901 | €150,348 | €105,322 | -€45,025 | -29.9% |
| Financial income | 75/76B | €6,459 | €6,259 | -€200 | -3.1% |
| Recurring financial income | 75 | €6,459 | €6,259 | -€200 | -3.1% |
| Financial charges | 65/66B | €1,679 | €10,635 | +€8,956 | +533% |
| Recurring financial charges | 65 | €1,679 | €10,635 | +€8,956 | +533% |
| Profit (loss) for the period before taxes | 9903 | €155,128 | €100,947 | -€54,181 | -34.9% |
| Transfer from deferred taxes | 780 | €921 | €2,341 | +€1,420 | +154% |
| Income taxes | 67/77 | €33,282 | €27,736 | -€5,547 | -16.7% |
| Profit (loss) for the period | 9904 | €122,766 | €75,552 | -€47,214 | -38.5% |
| Transfer from tax-exempt reserves | 789 | €2,763 | €7,023 | +€4,260 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €125,529 | €82,575 | -€42,955 | -34.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.