WESTSOFT: 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.
WESTSOFT
Largest movements
- Receivables within one year -€11,456
down €11,456 (-33.4%), from €34,249 to €22,793
of which Trade receivables: -€13,935
- Cash +€4,110
up €4,110 (+11.7%), from €35,229 to €39,338
mainly Net result for the year (+€16,164) and Receivables within one year (+€11,456)
- Deferred charges and accrued income +€3,210
up €3,210 (+110.2%), from €2,914 to €6,125
- Current investments -€2,936
down €2,936 (-2.8%), from €103,184 to €100,249
- Reserves +€16,164
up €16,164 (+13.2%), from €122,713 to €138,877
- Trade debts -€13,450
down €13,450 (-73.3%), from €18,351 to €4,901
- Other debts -€11,314
down €11,314 (-83.7%), from €13,516 to €2,202
- Financial income +€7,202
up €7,202 (+353.0%), from €2,040 to €9,243
- Gross operating margin -€5,818
down €5,818 (-23.6%), from €24,702 to €18,884
- Financial charges +€2,424
up €2,424 (+158.7%), from €1,528 to €3,952
- Taxes -€1,942
down €1,942 (-26.0%), from €7,459 to €5,517
- Other operating charges +€548
up €548 (+92.3%), from €594 to €1,143
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 | €178,667 | €170,245 | -€8,423 | -4.7% |
| Fixed assets | 21/28 | €3,090 | €1,740 | -€1,351 | -43.7% |
| Tangible fixed assets | 22/27 | €3,090 | €1,740 | -€1,351 | -43.7% |
| Land and buildings | 22 | €651 | €326 | -€326 | -50.0% |
| Plant, machinery and equipment | 23 | €1,561 | €1,022 | -€538 | -34.5% |
| Furniture and vehicles | 24 | €878 | €392 | -€486 | -55.4% |
| Current assets | 29/58 | €175,577 | €168,505 | -€7,072 | -4.0% |
| Amounts receivable within one year | 40/41 | €34,249 | €22,793 | -€11,456 | -33.4% |
| Trade receivables | 40 | €32,131 | €18,196 | -€13,935 | -43.4% |
| Other amounts receivable | 41 | €2,118 | €4,597 | +€2,479 | +117.0% |
| Current investments | 50/53 | €103,184 | €100,249 | -€2,936 | -2.8% |
| Cash at bank and in hand | 54/58 | €35,229 | €39,338 | +€4,110 | +11.7% |
| Deferred charges and accrued income | 490/1 | €2,914 | €6,125 | +€3,210 | +110.2% |
| Total equity and liabilities | 10/49 | €178,667 | €170,245 | -€8,423 | -4.7% |
| Equity | 10/15 | €141,313 | €157,477 | +€16,164 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,713 | €138,877 | +€16,164 | +13.2% |
| Distributable reserves | 133 | €122,713 | €138,877 | +€16,164 | +13.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,354 | €12,767 | -€24,586 | -65.8% |
| Amounts payable within one year | 42/48 | €37,354 | €12,767 | -€24,586 | -65.8% |
| Trade debts | 44 | €18,351 | €4,901 | -€13,450 | -73.3% |
| Suppliers | 440/4 | €18,351 | €4,901 | -€13,450 | -73.3% |
| Taxes, remuneration and social security | 45 | €5,486 | €5,664 | +€178 | +3.2% |
| Taxes | 450/3 | €5,486 | €5,664 | +€178 | +3.2% |
| Other amounts payable | 47/48 | €13,516 | €2,202 | -€11,314 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,791 | €1,351 | -€440 | -24.6% |
| Other operating charges | 640/8 | €594 | €1,143 | +€548 | +92.3% |
| Gross operating margin | 9900 | €24,702 | €18,884 | -€5,818 | -23.6% |
| Operating profit (loss) | 9901 | €22,317 | €16,391 | -€5,926 | -26.6% |
| Financial income | 75/76B | €2,040 | €9,243 | +€7,202 | +353.0% |
| Recurring financial income | 75 | €2,040 | €9,243 | +€7,202 | +353.0% |
| Financial charges | 65/66B | €1,528 | €3,952 | +€2,424 | +158.7% |
| Recurring financial charges | 65 | €1,528 | €3,952 | +€2,424 | +158.7% |
| Profit (loss) for the period before taxes | 9903 | €22,830 | €21,681 | -€1,148 | -5.0% |
| Income taxes | 67/77 | €7,459 | €5,517 | -€1,942 | -26.0% |
| Profit (loss) for the period | 9904 | €15,370 | €16,164 | +€793 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,370 | €16,164 | +€793 | +5.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.