Westpoultry: 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.
Westpoultry
Largest movements
- Receivables within one year +€238,731
up €238,731 (+181%), from €131,607 to €370,338
of which Other amounts receivable: +€168,110
- Receivables after one year -€175,000
no longer reported in 2025 (was €175,000)
- Tangible fixed assets +€41,834
up €41,834 (+349%), from €11,995 to €53,829
of which Plant, machinery and equipment: +€40,422
- Cash -€10,321
down €10,321 (-67.6%), from €15,259 to €4,938
mainly Receivables within one year (-€238,731) and Other debts (-€70,267)
- Reserves +€120,015
up €120,015 (+65.5%), from €183,145 to €303,160
- Other debts -€70,267
down €70,267 (-80.1%), from €87,767 to €17,500
- Debts after one year +€33,948
new in 2025: €33,948
- Current portion of long-term debt +€8,856
new in 2025: €8,856
- Trade debts +€7,113
up €7,113 (+57.9%), from €12,293 to €19,406
- Staff costs -€41,177
down €41,177 (-78.7%), from €52,337 to €11,160
- Taxes +€9,942
up €9,942 (+31.9%), from €31,146 to €41,088
- Gross operating margin -€4,297
down €4,297 (-2.4%), from €181,770 to €177,473
- Financial income +€3,467
up €3,467 (+41.7%), from €8,321 to €11,787
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 | €334,153 | €429,104 | +€94,951 | +28.4% |
| Fixed assets | 21/28 | €11,995 | €53,829 | +€41,834 | +349% |
| Tangible fixed assets | 22/27 | €11,995 | €53,829 | +€41,834 | +349% |
| Plant, machinery and equipment | 23 | €11,995 | €52,417 | +€40,422 | +337% |
| Furniture and vehicles | 24 | - | €1,412 | +€1,412 | |
| Current assets | 29/58 | €322,159 | €375,276 | +€53,117 | +16.5% |
| Amounts receivable after more than one year | 29 | €175,000 | - | -€175,000 | |
| Other amounts receivable | 291 | €175,000 | - | -€175,000 | |
| Amounts receivable within one year | 40/41 | €131,607 | €370,338 | +€238,731 | +181% |
| Trade receivables | 40 | €13,554 | €84,174 | +€70,620 | +521% |
| Other amounts receivable | 41 | €118,053 | €286,164 | +€168,110 | +142% |
| Cash at bank and in hand | 54/58 | €15,259 | €4,938 | -€10,321 | -67.6% |
| Deferred charges and accrued income | 490/1 | €292 | - | -€292 | |
| Total equity and liabilities | 10/49 | €334,153 | €429,104 | +€94,951 | +28.4% |
| Equity | 10/15 | €187,145 | €307,160 | +€120,015 | +64.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €183,145 | €303,160 | +€120,015 | +65.5% |
| Distributable reserves | 133 | €183,145 | €303,160 | +€120,015 | +65.5% |
| Amounts payable | 17/49 | €147,008 | €121,944 | -€25,065 | -17.0% |
| Amounts payable after more than one year | 17 | - | €33,948 | +€33,948 | |
| Financial debts | 170/4 | - | €33,948 | +€33,948 | |
| Amounts payable within one year | 42/48 | €147,008 | €87,996 | -€59,012 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,856 | +€8,856 | |
| Trade debts | 44 | €12,293 | €19,406 | +€7,113 | +57.9% |
| Suppliers | 440/4 | €12,293 | €19,406 | +€7,113 | +57.9% |
| Taxes, remuneration and social security | 45 | €46,948 | €42,234 | -€4,714 | -10.0% |
| Taxes | 450/3 | €33,511 | €42,234 | +€8,723 | +26.0% |
| Remuneration and social security | 454/9 | €13,437 | - | -€13,437 | |
| Other amounts payable | 47/48 | €87,767 | €17,500 | -€70,267 | -80.1% |
| Remuneration, social security and pensions | 62 | €52,337 | €11,160 | -€41,177 | -78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,437 | €4,885 | +€1,448 | +42.1% |
| Other operating charges | 640/8 | €10,020 | €11,651 | +€1,631 | +16.3% |
| Gross operating margin | 9900 | €181,770 | €177,473 | -€4,297 | -2.4% |
| Operating profit (loss) | 9901 | €115,977 | €149,777 | +€33,801 | +29.1% |
| Financial income | 75/76B | €8,321 | €11,787 | +€3,467 | +41.7% |
| Recurring financial income | 75 | €8,321 | €11,787 | +€3,467 | +41.7% |
| Financial charges | 65/66B | €59 | €461 | +€402 | +682% |
| Recurring financial charges | 65 | €59 | €461 | +€402 | +682% |
| Profit (loss) for the period before taxes | 9903 | €124,238 | €161,104 | +€36,865 | +29.7% |
| Income taxes | 67/77 | €31,146 | €41,088 | +€9,942 | +31.9% |
| Profit (loss) for the period | 9904 | €93,092 | €120,015 | +€26,923 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €93,092 | €120,015 | +€26,923 | +28.9% |
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 15 October 2026 via checked.be.