WESTRANS LOGISTICS: 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.
WESTRANS LOGISTICS
Largest movements
- Receivables within one year -€311,785
down €311,785 (-70.2%), from €443,974 to €132,189
of which Other amounts receivable: -€308,256
- Cash +€161,421
up €161,421 (+106%), from €152,091 to €313,513
mainly Receivables within one year (+€311,785) and Net result for the year (+€216,901)
- Tangible fixed assets +€95,176
up €95,176 (+5.2%), from €1.8m to €1.9m
of which Land and buildings: +€95,722
- Other debts -€144,639
down €144,639 (-72.0%), from €200,971 to €56,333
- Reserves +€66,901
up €66,901 (+5.1%), from €1.3m to €1.4m
of which Distributable reserves: +€70,219
- Debts after one year +€29,522
up €29,522 (+2.9%), from €1.0m to €1.1m
- Gross operating margin +€37,219
up €37,219 (+16.1%), from €231,163 to €268,382
- Other operating charges -€19,018
down €19,018 (-32.8%), from €57,982 to €38,964
- Depreciation +€9,042
up €9,042 (+16.9%), from €53,538 to €62,580
- Taxes +€7,117
up €7,117 (+21.4%), from €33,183 to €40,299
- Financial charges +€5,760
up €5,760 (+21.5%), from €26,836 to €32,597
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 | €2,715,188 | €2,677,604 | -€37,585 | -1.4% |
| Fixed assets | 21/28 | €2,115,476 | €2,210,652 | +€95,176 | +4.5% |
| Tangible fixed assets | 22/27 | €1,840,416 | €1,935,593 | +€95,176 | +5.2% |
| Land and buildings | 22 | €1,839,871 | €1,935,593 | +€95,722 | +5.2% |
| Plant, machinery and equipment | 23 | €284 | - | -€284 | |
| Furniture and vehicles | 24 | €262 | - | -€262 | |
| Financial fixed assets | 28 | €275,060 | €275,060 | = | 0.0% |
| Current assets | 29/58 | €599,712 | €466,951 | -€132,761 | -22.1% |
| Amounts receivable within one year | 40/41 | €443,974 | €132,189 | -€311,785 | -70.2% |
| Trade receivables | 40 | €21,940 | €18,411 | -€3,529 | -16.1% |
| Other amounts receivable | 41 | €422,034 | €113,778 | -€308,256 | -73.0% |
| Cash at bank and in hand | 54/58 | €152,091 | €313,513 | +€161,421 | +106% |
| Deferred charges and accrued income | 490/1 | €3,647 | €21,250 | +€17,603 | +483% |
| Total equity and liabilities | 10/49 | €2,715,188 | €2,677,604 | -€37,585 | -1.4% |
| Equity | 10/15 | €1,325,478 | €1,392,379 | +€66,901 | +5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,306,886 | €1,373,787 | +€66,901 | +5.1% |
| Tax-exempt reserves | 132 | €53,083 | €49,765 | -€3,318 | -6.2% |
| Distributable reserves | 133 | €1,253,802 | €1,324,021 | +€70,219 | +5.6% |
| Provisions and deferred taxes | 16 | €13,271 | €12,441 | -€829 | -6.2% |
| Deferred taxes | 168 | €13,271 | €12,441 | -€829 | -6.2% |
| Amounts payable | 17/49 | €1,376,440 | €1,272,784 | -€103,656 | -7.5% |
| Amounts payable after more than one year | 17 | €1,025,093 | €1,054,615 | +€29,522 | +2.9% |
| Financial debts | 170/4 | €1,025,093 | €1,054,615 | +€29,522 | +2.9% |
| Amounts payable within one year | 42/48 | €351,347 | €218,168 | -€133,179 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €81,982 | €107,598 | +€25,616 | +31.2% |
| Financial debts | 43 | €6,775 | €5,063 | -€1,712 | -25.3% |
| Credit institutions | 430/8 | €6,775 | €5,063 | -€1,712 | -25.3% |
| Trade debts | 44 | €338 | €874 | +€536 | +159% |
| Suppliers | 440/4 | €338 | €874 | +€536 | +159% |
| Taxes, remuneration and social security | 45 | €61,281 | €48,301 | -€12,980 | -21.2% |
| Taxes | 450/3 | €61,281 | €48,301 | -€12,980 | -21.2% |
| Other amounts payable | 47/48 | €200,971 | €56,333 | -€144,639 | -72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,538 | €62,580 | +€9,042 | +16.9% |
| Other operating charges | 640/8 | €57,982 | €38,964 | -€19,018 | -32.8% |
| Gross operating margin | 9900 | €231,163 | €268,382 | +€37,219 | +16.1% |
| Operating profit (loss) | 9901 | €119,643 | €166,838 | +€47,195 | +39.4% |
| Financial income | 75/76B | €123,750 | €122,129 | -€1,621 | -1.3% |
| Recurring financial income | 75 | €123,750 | €122,129 | -€1,621 | -1.3% |
| Financial charges | 65/66B | €26,836 | €32,597 | +€5,760 | +21.5% |
| Recurring financial charges | 65 | €26,836 | €32,597 | +€5,760 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €216,557 | €256,371 | +€39,814 | +18.4% |
| Transfer from deferred taxes | 780 | €829 | €829 | = | 0.0% |
| Income taxes | 67/77 | €33,183 | €40,299 | +€7,117 | +21.4% |
| Profit (loss) for the period | 9904 | €184,204 | €216,901 | +€32,698 | +17.8% |
| Transfer from tax-exempt reserves | 789 | €3,318 | €3,318 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €187,521 | €220,219 | +€32,698 | +17.4% |
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 27 October 2026 via checked.be.