WESTRASSUR: 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.
WESTRASSUR
Largest movements
- Cash +€159,577
up €159,577 (+365%), from €43,675 to €203,252
mainly Net result for the year (+€177,975) and Current investments (+€100,000)
- Tangible fixed assets +€104,685
up €104,685 (+87.4%), from €119,761 to €224,446
of which Furniture and vehicles: +€65,423
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Intangible fixed assets -€39,103
down €39,103 (-16.2%), from €241,020 to €201,918
- Receivables within one year +€18,113
up €18,113 (+42.4%), from €42,721 to €60,834
of which Other amounts receivable: +€10,193
- Reserves +€128,585
up €128,585 (+64.1%), from €200,653 to €329,237
- Debts after one year -€46,450
down €46,450 (-19.2%), from €241,464 to €195,014
- Current portion of long-term debt +€26,575
up €26,575 (+31.8%), from €83,446 to €110,021
- Profit (loss) carried forward +€24,823
no longer reported in 2025 (was -€24,823)
- Tax, wage and social debts +€7,553
up €7,553 (+82.5%), from €9,156 to €16,709
of which Taxes: +€7,354
- Provisions +€269,514
no longer reported in 2025 (was -€269,514)
- Gross operating margin +€132,576
up €132,576 (+46.2%), from €286,996 to €419,571
- Taxes +€72,979
up €72,979 (+1,274%), from €5,727 to €78,706
- Depreciation -€9,863
down €9,863 (-11.4%), from €86,211 to €76,348
- Staff costs -€7,794
down €7,794 (-9.7%), from €80,208 to €72,414
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 | €547,177 | €690,450 | +€143,274 | +26.2% |
| Fixed assets | 21/28 | €360,781 | €426,364 | +€65,583 | +18.2% |
| Intangible fixed assets | 21 | €241,020 | €201,918 | -€39,103 | -16.2% |
| Tangible fixed assets | 22/27 | €119,761 | €224,446 | +€104,685 | +87.4% |
| Plant, machinery and equipment | 23 | €741 | €1,356 | +€615 | +83.0% |
| Furniture and vehicles | 24 | €119,020 | €184,443 | +€65,423 | +55.0% |
| Other tangible fixed assets | 26 | - | €38,648 | +€38,648 | |
| Current assets | 29/58 | €186,395 | €264,086 | +€77,691 | +41.7% |
| Amounts receivable within one year | 40/41 | €42,721 | €60,834 | +€18,113 | +42.4% |
| Trade receivables | 40 | €28,272 | €36,192 | +€7,920 | +28.0% |
| Other amounts receivable | 41 | €14,449 | €24,642 | +€10,193 | +70.5% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €43,675 | €203,252 | +€159,577 | +365% |
| Total equity and liabilities | 10/49 | €547,177 | €690,450 | +€143,274 | +26.2% |
| Equity | 10/15 | €200,830 | €354,237 | +€153,408 | +76.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €200,653 | €329,237 | +€128,585 | +64.1% |
| Distributable reserves | 133 | €200,653 | €329,237 | +€128,585 | +64.1% |
| Profit (loss) carried forward | 14 | -€24,823 | - | +€24,823 | |
| Amounts payable | 17/49 | €346,347 | €336,213 | -€10,134 | -2.9% |
| Amounts payable after more than one year | 17 | €241,464 | €195,014 | -€46,450 | -19.2% |
| Financial debts | 170/4 | €241,464 | €195,014 | -€46,450 | -19.2% |
| Amounts payable within one year | 42/48 | €104,883 | €141,199 | +€36,316 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €83,446 | €110,021 | +€26,575 | +31.8% |
| Trade debts | 44 | €12,135 | €12,060 | -€76 | -0.6% |
| Suppliers | 440/4 | €12,135 | €12,060 | -€76 | -0.6% |
| Taxes, remuneration and social security | 45 | €9,156 | €16,709 | +€7,553 | +82.5% |
| Taxes | 450/3 | €610 | €7,964 | +€7,354 | +1,206% |
| Remuneration and social security | 454/9 | €8,546 | €8,745 | +€199 | +2.3% |
| Other amounts payable | 47/48 | €146 | €2,409 | +€2,263 | +1,553% |
| Non-recurring operating income | 76A | - | €12,857 | +€12,857 | |
| Remuneration, social security and pensions | 62 | €80,208 | €72,414 | -€7,794 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,211 | €76,348 | -€9,863 | -11.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€269,514 | - | +€269,514 | |
| Other operating charges | 640/8 | €1,488 | €1,502 | +€14 | +1.0% |
| Non-recurring operating charges | 66A | €221,215 | €2,742 | -€218,473 | -98.8% |
| Gross operating margin | 9900 | €286,996 | €419,571 | +€132,576 | +46.2% |
| Operating profit (loss) | 9901 | €167,389 | €266,566 | +€99,177 | +59.2% |
| Financial income | 75/76B | €587 | €2,473 | +€1,886 | +321% |
| Recurring financial income | 75 | €587 | €2,473 | +€1,886 | +321% |
| Financial charges | 65/66B | €14,565 | €12,358 | -€2,206 | -15.1% |
| Recurring financial charges | 65 | €14,565 | €12,358 | -€2,206 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €153,412 | €256,681 | +€103,269 | +67.3% |
| Income taxes | 67/77 | €5,727 | €78,706 | +€72,979 | +1,274% |
| Profit (loss) for the period | 9904 | €147,685 | €177,975 | +€30,290 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €147,685 | €177,975 | +€30,290 | +20.5% |
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 23 October 2026 via checked.be.