Westretail: 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.
Westretail
Largest movements
- Tangible fixed assets -€48,976
down €48,976 (-14.4%), from €338,997 to €290,021
of which Plant, machinery and equipment: -€26,576
- Intangible fixed assets -€23,100
down €23,100 (-11.4%), from €203,138 to €180,038
- Receivables within one year +€21,023
up €21,023 (+116%), from €18,196 to €39,220
of which Trade receivables: +€18,724
- Debts after one year -€67,574
down €67,574 (-19.0%), from €355,150 to €287,576
- Other debts -€42,675
down €42,675 (-30.4%), from €140,293 to €97,618
- Profit (loss) carried forward +€37,307
up €37,307 (+68.0%), from -€54,885 to -€17,578
- Tax, wage and social debts +€22,590
up €22,590 (+51.2%), from €44,157 to €66,747
of which Remuneration and social security: +€12,607
- Gross operating margin +€119,112
up €119,112 (+35.5%), from €335,757 to €454,869
- Staff costs +€61,172
up €61,172 (+28.4%), from €215,605 to €276,777
- Depreciation +€5,652
up €5,652 (+5.6%), from €101,403 to €107,055
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 | €992,737 | €939,463 | -€53,274 | -5.4% |
| Fixed assets | 21/28 | €542,135 | €470,059 | -€72,076 | -13.3% |
| Intangible fixed assets | 21 | €203,138 | €180,038 | -€23,100 | -11.4% |
| Tangible fixed assets | 22/27 | €338,997 | €290,021 | -€48,976 | -14.4% |
| Land and buildings | 22 | €196,983 | €174,583 | -€22,400 | -11.4% |
| Plant, machinery and equipment | 23 | €142,014 | €115,439 | -€26,576 | -18.7% |
| Current assets | 29/58 | €450,602 | €469,404 | +€18,801 | +4.2% |
| Stocks and contracts in progress | 3 | €299,779 | €301,929 | +€2,149 | +0.7% |
| Stocks | 30/36 | €299,779 | €301,929 | +€2,149 | +0.7% |
| Amounts receivable within one year | 40/41 | €18,196 | €39,220 | +€21,023 | +116% |
| Trade receivables | 40 | €11,250 | €29,974 | +€18,724 | +166% |
| Other amounts receivable | 41 | €6,947 | €9,246 | +€2,299 | +33.1% |
| Cash at bank and in hand | 54/58 | €125,226 | €118,218 | -€7,008 | -5.6% |
| Deferred charges and accrued income | 490/1 | €7,401 | €10,038 | +€2,637 | +35.6% |
| Total equity and liabilities | 10/49 | €992,737 | €939,463 | -€53,274 | -5.4% |
| Equity | 10/15 | -€34,885 | €2,422 | +€37,307 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,885 | -€17,578 | +€37,307 | +68.0% |
| Amounts payable | 17/49 | €1,027,622 | €937,041 | -€90,581 | -8.8% |
| Amounts payable after more than one year | 17 | €355,150 | €287,576 | -€67,574 | -19.0% |
| Financial debts | 170/4 | €355,150 | €287,576 | -€67,574 | -19.0% |
| Amounts payable within one year | 42/48 | €670,901 | €649,465 | -€21,437 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €70,012 | €73,075 | +€3,063 | +4.4% |
| Trade debts | 44 | €416,439 | €412,025 | -€4,415 | -1.1% |
| Suppliers | 440/4 | €416,439 | €412,025 | -€4,415 | -1.1% |
| Taxes, remuneration and social security | 45 | €44,157 | €66,747 | +€22,590 | +51.2% |
| Taxes | 450/3 | €34 | €10,017 | +€9,982 | +29,078% |
| Remuneration and social security | 454/9 | €44,123 | €56,730 | +€12,607 | +28.6% |
| Other amounts payable | 47/48 | €140,293 | €97,618 | -€42,675 | -30.4% |
| Accrued charges and deferred income | 492/3 | €1,571 | €0 | -€1,571 | -100% |
| Remuneration, social security and pensions | 62 | €215,605 | €276,777 | +€61,172 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,403 | €107,055 | +€5,652 | +5.6% |
| Other operating charges | 640/8 | €10,940 | €12,610 | +€1,670 | +15.3% |
| Gross operating margin | 9900 | €335,757 | €454,869 | +€119,112 | +35.5% |
| Operating profit (loss) | 9901 | €7,809 | €58,427 | +€50,618 | +648% |
| Financial income | 75/76B | €102 | €29 | -€74 | -71.9% |
| Recurring financial income | 75 | €102 | €29 | -€74 | -71.9% |
| Financial charges | 65/66B | €22,145 | €21,149 | -€996 | -4.5% |
| Recurring financial charges | 65 | €22,145 | €21,149 | -€996 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,234 | €37,307 | +€51,541 | |
| Profit (loss) for the period | 9904 | -€14,234 | €37,307 | +€51,541 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,234 | €37,307 | +€51,541 |
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.