WESTRA: 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.
WESTRA
Largest movements
- Stocks and contracts +€1,238
up €1,238 (+18.0%), from €6,874 to €8,111
- Cash +€453
up €453 (+27.0%), from €1,679 to €2,133
mainly Tax, wage and social debts (+€8,309) and Short-term financial debts (+€4,767)
- Trade debts -€17,566
down €17,566 (-98.4%), from €17,848 to €282
- Tax, wage and social debts +€8,309
up €8,309 (+510%), from €1,630 to €9,939
- Short-term financial debts +€4,767
new in 2024: €4,767
- Other debts +€3,950
new in 2024: €3,950
- Profit (loss) carried forward +€2,846
up €2,846 (+23.6%), from €12,039 to €14,885
- Gross operating margin -€14,244
down €14,244 (-56.8%), from €25,063 to €10,819
- Other operating charges -€604
down €604 (-18.4%), from €3,274 to €2,670
- Depreciation +€519
up €519 (+20.0%), from €2,591 to €3,111
- Taxes -€299
down €299 (-18.4%), from €1,630 to €1,331
- Financial charges +€270
up €270 (+282%), from €96 to €366
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,517 | €39,823 | +€2,306 | +6.1% |
| Fixed assets | 21/28 | €19,541 | €19,923 | +€382 | +2.0% |
| Tangible fixed assets | 22/27 | €16,541 | €16,923 | +€382 | +2.3% |
| Plant, machinery and equipment | 23 | €5,286 | €3,321 | -€1,964 | -37.2% |
| Furniture and vehicles | 24 | €11,256 | €13,601 | +€2,346 | +20.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €17,976 | €19,901 | +€1,924 | +10.7% |
| Stocks and contracts in progress | 3 | €6,874 | €8,111 | +€1,238 | +18.0% |
| Stocks | 30/36 | €6,874 | €8,111 | +€1,238 | +18.0% |
| Amounts receivable within one year | 40/41 | €9,308 | €9,657 | +€349 | +3.7% |
| Trade receivables | 40 | €3,886 | €8,684 | +€4,798 | +123% |
| Other amounts receivable | 41 | €5,422 | €973 | -€4,449 | -82.1% |
| Cash at bank and in hand | 54/58 | €1,679 | €2,133 | +€453 | +27.0% |
| Deferred charges and accrued income | 490/1 | €116 | €0 | -€116 | -100% |
| Total equity and liabilities | 10/49 | €37,517 | €39,823 | +€2,306 | +6.1% |
| Equity | 10/15 | €18,039 | €20,885 | +€2,846 | +15.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,039 | €14,885 | +€2,846 | +23.6% |
| Amounts payable | 17/49 | €19,478 | €18,939 | -€540 | -2.8% |
| Amounts payable within one year | 42/48 | €19,478 | €18,939 | -€540 | -2.8% |
| Financial debts | 43 | - | €4,767 | +€4,767 | |
| Credit institutions | 430/8 | - | €4,767 | +€4,767 | |
| Trade debts | 44 | €17,848 | €282 | -€17,566 | -98.4% |
| Suppliers | 440/4 | €17,848 | €282 | -€17,566 | -98.4% |
| Taxes, remuneration and social security | 45 | €1,630 | €9,939 | +€8,309 | +510% |
| Taxes | 450/3 | €1,630 | €9,939 | +€8,309 | +510% |
| Other amounts payable | 47/48 | - | €3,950 | +€3,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,591 | €3,111 | +€519 | +20.0% |
| Other operating charges | 640/8 | €3,274 | €2,670 | -€604 | -18.4% |
| Non-recurring operating charges | 66A | - | €496 | +€496 | |
| Gross operating margin | 9900 | €25,063 | €10,819 | -€14,244 | -56.8% |
| Operating profit (loss) | 9901 | €19,197 | €4,542 | -€14,655 | -76.3% |
| Financial income | 75/76B | €154 | €0 | -€154 | -100% |
| Recurring financial income | 75 | €154 | €0 | -€154 | -100% |
| Financial charges | 65/66B | €96 | €366 | +€270 | +282% |
| Recurring financial charges | 65 | €96 | €366 | +€270 | +282% |
| Profit (loss) for the period before taxes | 9903 | €19,256 | €4,176 | -€15,079 | -78.3% |
| Income taxes | 67/77 | €1,630 | €1,331 | -€299 | -18.4% |
| Profit (loss) for the period | 9904 | €17,626 | €2,846 | -€14,780 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,626 | €2,846 | -€14,780 | -83.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.