Westpunt: 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.
Westpunt
Largest movements
- Tangible fixed assets -€67,636
down €67,636 (-23.4%), from €288,911 to €221,275
of which Other tangible fixed assets: -€35,495
- Receivables within one year -€48,766
down €48,766 (-55.0%), from €88,649 to €39,883
of which Trade receivables: -€32,213
- Cash +€31,793
up €31,793 (+27.2%), from €117,079 to €148,872
mainly Depreciation (+€109,670) and Receivables within one year (+€48,766)
- Stocks and contracts +€30,272
up €30,272 (+13.0%), from €232,407 to €262,679
- Reserves -€86,992
down €86,992 (-20.4%), from €426,297 to €339,305
- Trade debts +€34,705
up €34,705 (+35.7%), from €97,228 to €131,934
- Other debts +€23,086
up €23,086 (+56.1%), from €41,157 to €64,243
- Tax, wage and social debts -€10,512
down €10,512 (-22.0%), from €47,814 to €37,303
of which Remuneration and social security: -€12,617
- Debts after one year -€10,368
down €10,368 (-49.1%), from €21,133 to €10,765
- Gross operating margin -€30,492
down €30,492 (-4.1%), from €744,226 to €713,735
- Depreciation +€8,735
up €8,735 (+8.7%), from €100,935 to €109,670
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 | €744,761 | €693,917 | -€50,844 | -6.8% |
| Fixed assets | 21/28 | €290,779 | €221,290 | -€69,489 | -23.9% |
| Tangible fixed assets | 22/27 | €288,911 | €221,275 | -€67,636 | -23.4% |
| Land and buildings | 22 | €7,847 | €9,499 | +€1,652 | +21.0% |
| Plant, machinery and equipment | 23 | €202,394 | €167,341 | -€35,053 | -17.3% |
| Furniture and vehicles | 24 | €6,166 | €7,426 | +€1,260 | +20.4% |
| Other tangible fixed assets | 26 | €72,504 | €37,009 | -€35,495 | -49.0% |
| Financial fixed assets | 28 | €1,868 | €15 | -€1,853 | -99.2% |
| Current assets | 29/58 | €453,982 | €472,627 | +€18,645 | +4.1% |
| Stocks and contracts in progress | 3 | €232,407 | €262,679 | +€30,272 | +13.0% |
| Stocks | 30/36 | €232,407 | €262,679 | +€30,272 | +13.0% |
| Amounts receivable within one year | 40/41 | €88,649 | €39,883 | -€48,766 | -55.0% |
| Trade receivables | 40 | €65,393 | €33,180 | -€32,213 | -49.3% |
| Other amounts receivable | 41 | €23,256 | €6,703 | -€16,552 | -71.2% |
| Cash at bank and in hand | 54/58 | €117,079 | €148,872 | +€31,793 | +27.2% |
| Deferred charges and accrued income | 490/1 | €15,848 | €21,194 | +€5,346 | +33.7% |
| Total equity and liabilities | 10/49 | €744,761 | €693,917 | -€50,844 | -6.8% |
| Equity | 10/15 | €526,297 | €439,305 | -€86,992 | -16.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €426,297 | €339,305 | -€86,992 | -20.4% |
| Distributable reserves | 133 | €426,297 | €339,305 | -€86,992 | -20.4% |
| Amounts payable | 17/49 | €218,464 | €254,612 | +€36,148 | +16.5% |
| Amounts payable after more than one year | 17 | €21,133 | €10,765 | -€10,368 | -49.1% |
| Financial debts | 170/4 | €21,133 | €10,765 | -€10,368 | -49.1% |
| Amounts payable within one year | 42/48 | €197,331 | €243,847 | +€46,516 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €11,131 | €10,368 | -€763 | -6.9% |
| Trade debts | 44 | €97,228 | €131,934 | +€34,705 | +35.7% |
| Suppliers | 440/4 | €97,228 | €131,934 | +€34,705 | +35.7% |
| Taxes, remuneration and social security | 45 | €47,814 | €37,303 | -€10,512 | -22.0% |
| Taxes | 450/3 | €10,864 | €12,969 | +€2,105 | +19.4% |
| Remuneration and social security | 454/9 | €36,950 | €24,333 | -€12,617 | -34.1% |
| Other amounts payable | 47/48 | €41,157 | €64,243 | +€23,086 | +56.1% |
| Remuneration, social security and pensions | 62 | €579,267 | €581,993 | +€2,725 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,935 | €109,670 | +€8,735 | +8.7% |
| Other operating charges | 640/8 | €3,695 | €2,228 | -€1,467 | -39.7% |
| Non-recurring operating charges | 66A | €1,774 | €1,587 | -€187 | -10.5% |
| Gross operating margin | 9900 | €744,226 | €713,735 | -€30,492 | -4.1% |
| Operating profit (loss) | 9901 | €58,555 | €18,257 | -€40,298 | -68.8% |
| Financial income | 75/76B | €12,687 | €15,791 | +€3,104 | +24.5% |
| Recurring financial income | 75 | €12,687 | €15,791 | +€3,104 | +24.5% |
| Financial charges | 65/66B | €19,597 | €20,021 | +€425 | +2.2% |
| Recurring financial charges | 65 | €19,597 | €20,021 | +€425 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €51,645 | €14,026 | -€37,619 | -72.8% |
| Income taxes | 67/77 | €14,312 | €11,213 | -€3,099 | -21.7% |
| Profit (loss) for the period | 9904 | €37,333 | €2,814 | -€34,519 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,333 | €2,814 | -€34,519 | -92.5% |
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 14 October 2026 via checked.be.