WESTSIGN: what changed
Two fiscal 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.
WESTSIGN
Largest movements
- Current investments +€62,033
up €62,033 (+155.1%), from €40,000 to €102,033
- Cash -€31,415
down €31,415 (-41.9%), from €74,943 to €43,528
mainly Current investments (-€62,033) and Contributions, distributions and other (-€40,000)
- Receivables within one year -€11,380
down €11,380 (-12.0%), from €94,883 to €83,502
of which Other amounts receivable: -€9,826
- Tangible fixed assets +€5,537
up €5,537 (+6.7%), from €82,537 to €88,074
of which Plant, machinery and equipment: +€17,671
- Other debts +€38,958
up €38,958 (+83.9%), from €46,427 to €85,386
- Profit (loss) carried forward -€20,916
down €20,916 (-14.8%), from €141,656 to €120,740
- Trade debts -€15,119
down €15,119 (-24.5%), from €61,766 to €46,647
- Current portion of long-term debt +€7,124
up €7,124 (+63.0%), from €11,303 to €18,426
- Tax, wage and social debts +€6,919
up €6,919 (+42.9%), from €16,146 to €23,066
of which Remuneration and social security: +€7,313
- Gross operating margin +€19,793
up €19,793 (+15.8%), from €125,068 to €144,861
- Staff costs +€3,880
up €3,880 (+4.2%), from €93,121 to €97,000
- Taxes +€2,207
up €2,207 (+139.7%), from €1,580 to €3,786
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 | €333,268 | €355,512 | +€22,244 | +6.7% |
| Fixed assets | 21/28 | €82,537 | €88,074 | +€5,537 | +6.7% |
| Tangible fixed assets | 22/27 | €82,537 | €88,074 | +€5,537 | +6.7% |
| Plant, machinery and equipment | 23 | €38,620 | €56,290 | +€17,671 | +45.8% |
| Furniture and vehicles | 24 | €15,863 | €9,361 | -€6,501 | -41.0% |
| Other tangible fixed assets | 26 | €28,055 | €22,422 | -€5,633 | -20.1% |
| Current assets | 29/58 | €250,731 | €267,438 | +€16,707 | +6.7% |
| Stocks and contracts in progress | 3 | €39,059 | €36,882 | -€2,177 | -5.6% |
| Stocks | 30/36 | €39,059 | €36,882 | -€2,177 | -5.6% |
| Amounts receivable within one year | 40/41 | €94,883 | €83,502 | -€11,380 | -12.0% |
| Trade receivables | 40 | €83,431 | €81,877 | -€1,554 | -1.9% |
| Other amounts receivable | 41 | €11,451 | €1,625 | -€9,826 | -85.8% |
| Current investments | 50/53 | €40,000 | €102,033 | +€62,033 | +155.1% |
| Cash at bank and in hand | 54/58 | €74,943 | €43,528 | -€31,415 | -41.9% |
| Deferred charges and accrued income | 490/1 | €1,846 | €1,493 | -€353 | -19.1% |
| Total equity and liabilities | 10/49 | €333,268 | €355,512 | +€22,244 | +6.7% |
| Equity | 10/15 | €176,215 | €155,299 | -€20,916 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,959 | €15,959 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,743 | €8,743 | = | 0.0% |
| Distributable reserves | 133 | €7,216 | €7,216 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,656 | €120,740 | -€20,916 | -14.8% |
| Amounts payable | 17/49 | €157,053 | €200,213 | +€43,160 | +27.5% |
| Amounts payable after more than one year | 17 | €20,366 | €26,553 | +€6,187 | +30.4% |
| Financial debts | 170/4 | €20,366 | €26,553 | +€6,187 | +30.4% |
| Amounts payable within one year | 42/48 | €135,642 | €173,525 | +€37,883 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €11,303 | €18,426 | +€7,124 | +63.0% |
| Trade debts | 44 | €61,766 | €46,647 | -€15,119 | -24.5% |
| Suppliers | 440/4 | €61,766 | €46,647 | -€15,119 | -24.5% |
| Taxes, remuneration and social security | 45 | €16,146 | €23,066 | +€6,919 | +42.9% |
| Taxes | 450/3 | €9,023 | €8,629 | -€394 | -4.4% |
| Remuneration and social security | 454/9 | €7,123 | €14,437 | +€7,313 | +102.7% |
| Other amounts payable | 47/48 | €46,427 | €85,386 | +€38,958 | +83.9% |
| Accrued charges and deferred income | 492/3 | €1,044 | €134 | -€910 | -87.1% |
| Remuneration, social security and pensions | 62 | €93,121 | €97,000 | +€3,880 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,391 | €24,830 | -€561 | -2.2% |
| Other operating charges | 640/8 | €2,351 | €924 | -€1,427 | -60.7% |
| Gross operating margin | 9900 | €125,068 | €144,861 | +€19,793 | +15.8% |
| Operating profit (loss) | 9901 | €4,205 | €22,106 | +€17,901 | +425.7% |
| Financial income | 75/76B | €2,765 | €3,233 | +€468 | +16.9% |
| Recurring financial income | 75 | €2,765 | €3,233 | +€468 | +16.9% |
| Financial charges | 65/66B | €2,663 | €2,469 | -€195 | -7.3% |
| Recurring financial charges | 65 | €2,663 | €2,469 | -€195 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €4,306 | €22,870 | +€18,564 | +431.1% |
| Income taxes | 67/77 | €1,580 | €3,786 | +€2,207 | +139.7% |
| Profit (loss) for the period | 9904 | €2,727 | €19,084 | +€16,357 | +599.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,727 | €19,084 | +€16,357 | +599.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.