WESTSAILS: 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.
WESTSAILS
Largest movements
- Deferred charges and accrued income -€25,766
down €25,766 (-40.8%), from €63,138 to €37,372
- Receivables within one year +€14,891
up €14,891 (+112.7%), from €13,215 to €28,106
of which Trade receivables: +€15,675
- Intangible fixed assets +€5,666
new in 2025: €5,666
- Tangible fixed assets -€3,936
down €3,936 (-34.8%), from €11,302 to €7,366
of which Plant, machinery and equipment: -€2,641
- Trade debts +€18,523
up €18,523 (+43.3%), from €42,774 to €61,297
- Profit (loss) carried forward -€16,614
down €16,614 (-6.4%), from -€260,973 to -€277,587
- Other debts -€14,012
down €14,012 (-54.7%), from €25,621 to €11,609
- Tax, wage and social debts +€2,267
up €2,267 (+504.9%), from €449 to €2,716
- Other operating charges -€2,246
down €2,246 (-81.0%), from €2,774 to €528
- Gross operating margin +€825
up €825 (+6.6%), from -€12,479 to -€11,654
- Depreciation +€817
up €817 (+23.7%), from €3,453 to €4,270
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.
Cash bridge derived
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 | €88,371 | €78,535 | -€9,836 | -11.1% |
| Fixed assets | 21/28 | €11,302 | €13,032 | +€1,730 | +15.3% |
| Intangible fixed assets | 21 | - | €5,666 | +€5,666 | |
| Tangible fixed assets | 22/27 | €11,302 | €7,366 | -€3,936 | -34.8% |
| Plant, machinery and equipment | 23 | €9,956 | €7,315 | -€2,641 | -26.5% |
| Furniture and vehicles | 24 | €1,346 | €51 | -€1,295 | -96.2% |
| Current assets | 29/58 | €77,069 | €65,503 | -€11,566 | -15.0% |
| Amounts receivable within one year | 40/41 | €13,215 | €28,106 | +€14,891 | +112.7% |
| Trade receivables | 40 | €12,158 | €27,833 | +€15,675 | +128.9% |
| Other amounts receivable | 41 | €1,057 | €273 | -€784 | -74.2% |
| Cash at bank and in hand | 54/58 | €716 | €25 | -€691 | -96.5% |
| Deferred charges and accrued income | 490/1 | €63,138 | €37,372 | -€25,766 | -40.8% |
| Total equity and liabilities | 10/49 | €88,371 | €78,535 | -€9,836 | -11.1% |
| Equity | 10/15 | €2,527 | -€14,087 | -€16,614 | |
| Contributions | 10/11 | €263,500 | €263,500 | = | 0.0% |
| Capital | 10 | €263,500 | €263,500 | = | 0.0% |
| Issued capital | 100 | €263,500 | €263,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€260,973 | -€277,587 | -€16,614 | -6.4% |
| Amounts payable | 17/49 | €85,844 | €92,622 | +€6,778 | +7.9% |
| Amounts payable after more than one year | 17 | €17,000 | €17,000 | = | 0.0% |
| Other amounts payable | 178/9 | €17,000 | €17,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,844 | €75,622 | +€6,778 | +9.8% |
| Trade debts | 44 | €42,774 | €61,297 | +€18,523 | +43.3% |
| Suppliers | 440/4 | €42,774 | €61,297 | +€18,523 | +43.3% |
| Taxes, remuneration and social security | 45 | €449 | €2,716 | +€2,267 | +504.9% |
| Taxes | 450/3 | €449 | €2,716 | +€2,267 | +504.9% |
| Other amounts payable | 47/48 | €25,621 | €11,609 | -€14,012 | -54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,453 | €4,270 | +€817 | +23.7% |
| Other operating charges | 640/8 | €2,774 | €528 | -€2,246 | -81.0% |
| Gross operating margin | 9900 | -€12,479 | -€11,654 | +€825 | +6.6% |
| Operating profit (loss) | 9901 | -€18,706 | -€16,452 | +€2,254 | +12.0% |
| Financial income | 75/76B | €18 | €11 | -€7 | -38.9% |
| Recurring financial income | 75 | €18 | €11 | -€7 | -38.9% |
| Financial charges | 65/66B | €196 | €173 | -€23 | -11.7% |
| Recurring financial charges | 65 | €196 | €173 | -€23 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,884 | -€16,614 | +€2,270 | +12.0% |
| Profit (loss) for the period | 9904 | -€18,884 | -€16,614 | +€2,270 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,884 | -€16,614 | +€2,270 | +12.0% |
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 11 October 2026 via checked.be.