WESTTRAC: 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.
What changed
WESTTRAC
NACE 47.812, Retail trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.1m+€51,503
Equity
€9.6m
2024 · €9.1m+€431,719
Cash
€419,749
2024 · €466,784-€47,035
Balance sheet total
€26.9m
2024 · €23.3m+€3.6m
Largest movements
Assets
- Receivables within one year +€2.0m
up €2.0m (+45.2%), from €4.4m to €6.3m
of which Trade receivables: +€1.9m
- Stocks and contracts +€1.4m
up €1.4m (+8.8%), from €16.5m to €18.0m
Equity and liabilities
- Trade debts +€3.0m
up €3.0m (+34.2%), from €8.9m to €12.0m
- Reserves +€728,073
up €728,073 (+8.4%), from €8.6m to €9.4m
of which Distributable reserves: +€770,000
- Profit (loss) carried forward -€296,354
down €296,354 (-80.8%), from €366,836 to €70,481
Income statement
- Turnover +€1.8m
up €1.8m (+9.0%), from €19.7m to €21.4m
- Goods and materials +€1.4m
up €1.4m (+9.0%), from €15.7m to €17.1m
of which Purchases: +€2.1m
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.
Result 2024
€1.1m
Turnover
+€1.8m
Other operating income
-€172,530
Goods and materials
-€1.4m
Services and other goods
+€59,147
Staff costs
-€188,851
Depreciation
-€37,175
Write-downs
+€2,143
Provisions
-€42,441
Other operating charges
-€23,503
Financial income
+€7
Financial charges
+€130,449
Taxes
-€28,897
Deferred taxes and other
-€11,114
Result 2025
€1.2m
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.
From operations
+€1.1m
Investment
-€576,005
Financing
-€580,429
Cash 2024
€466,784
From operations (derived)
+€1.1m
Net result for the year
+€1.2m
Depreciation
+€332,426
Stocks and contracts
-€1.4m
Receivables within one year
-€2.0m
Smaller working-capital items
-€9,612
Provisions
+€42,325
Trade debts
+€3.0m
Tax, wage and social debts
-€7,696
Advances received
+€9,815
Other debts
-€50,000
Investment (derived)
-€576,005
Investment in fixed assets (net)
-€576,005
Financing
-€580,429
Debts after one year
+€7,846
Current portion of long-term debt
+€36,006
Short-term financial debts
+€105,719
Contributions, distributions and other
-€730,000
Cash 2025
€419,749
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,292,334 | €26,911,574 | +€3.6m | +15.5% |
| Fixed assets | 21/28 | €1,905,895 | €2,149,473 | +€243,578 | +12.8% |
| Intangible fixed assets | 21 | €82,493 | €72,493 | -€10,000 | -12.1% |
| Tangible fixed assets | 22/27 | €1,819,767 | €2,073,345 | +€253,578 | +13.9% |
| Land and buildings | 22 | €1,334,341 | €1,211,765 | -€122,576 | -9.2% |
| Plant, machinery and equipment | 23 | €346,760 | €551,854 | +€205,094 | +59.1% |
| Furniture and vehicles | 24 | €138,666 | €309,726 | +€171,060 | +123.4% |
| Financial fixed assets | 28 | €3,635 | €3,635 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,635 | €3,635 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,635 | €3,635 | = | 0.0% |
| Current assets | 29/58 | €21,386,439 | €24,762,101 | +€3.4m | +15.8% |
| Stocks and contracts in progress | 3 | €16,526,036 | €17,974,594 | +€1.4m | +8.8% |
| Stocks | 30/36 | €16,526,036 | €17,974,594 | +€1.4m | +8.8% |
| Goods purchased for resale | 34 | €16,526,036 | €17,974,594 | +€1.4m | +8.8% |
| Amounts receivable within one year | 40/41 | €4,361,576 | €6,331,097 | +€2.0m | +45.2% |
| Trade receivables | 40 | €4,251,718 | €6,159,822 | +€1.9m | +44.9% |
| Other amounts receivable | 41 | €109,858 | €171,275 | +€61,417 | +55.9% |
| Cash at bank and in hand | 54/58 | €466,784 | €419,749 | -€47,035 | -10.1% |
| Deferred charges and accrued income | 490/1 | €32,043 | €36,661 | +€4,619 | +14.4% |
| Total equity and liabilities | 10/49 | €23,292,334 | €26,911,574 | +€3.6m | +15.5% |
| Equity | 10/15 | €9,147,030 | €9,578,749 | +€431,719 | +4.7% |
| Contributions | 10/11 | €154,933 | €154,933 | = | 0.0% |
| Capital | 10 | €154,933 | €154,933 | = | 0.0% |
| Issued capital | 100 | €154,933 | €154,933 | = | 0.0% |
| Reserves | 13 | €8,625,261 | €9,353,334 | +€728,073 | +8.4% |
| Non-distributable reserves | 130/1 | €15,500 | €15,500 | = | 0.0% |
| Legal reserve | 130 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €15,500 | €15,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €309,761 | €267,834 | -€41,927 | -13.5% |
| Distributable reserves | 133 | €8,300,000 | €9,070,000 | +€770,000 | +9.3% |
| Profit (loss) carried forward | 14 | €366,836 | €70,481 | -€296,354 | -80.8% |
| Provisions and deferred taxes | 16 | €493,562 | €535,887 | +€42,325 | +8.6% |
| Provisions for liabilities and charges | 160/5 | €390,308 | €446,609 | +€56,301 | +14.4% |
| Other liabilities and charges | 164/5 | €390,308 | €446,609 | +€56,301 | +14.4% |
| Deferred taxes | 168 | €103,254 | €89,278 | -€13,976 | -13.5% |
| Amounts payable | 17/49 | €13,651,742 | €16,796,939 | +€3.1m | +23.0% |
| Amounts payable after more than one year | 17 | €1,139,922 | €1,147,767 | +€7,846 | +0.7% |
| Financial debts | 170/4 | €1,139,922 | €1,147,767 | +€7,846 | +0.7% |
| Credit institutions | 173 | €1,139,922 | €1,147,767 | +€7,846 | +0.7% |
| Amounts payable within one year | 42/48 | €12,482,628 | €15,624,973 | +€3.1m | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €426,510 | €462,517 | +€36,006 | +8.4% |
| Financial debts | 43 | €2,778,481 | €2,884,200 | +€105,719 | +3.8% |
| Credit institutions | 430/8 | €2,778,481 | €2,884,200 | +€105,719 | +3.8% |
| Trade debts | 44 | €8,919,684 | €11,968,184 | +€3.0m | +34.2% |
| Suppliers | 440/4 | €8,919,684 | €11,968,184 | +€3.0m | +34.2% |
| Advances received on contracts in progress | 46 | €53,930 | €63,745 | +€9,815 | +18.2% |
| Taxes, remuneration and social security | 45 | €153,921 | €146,225 | -€7,696 | -5.0% |
| Taxes | 450/3 | €31,234 | €0 | -€31,234 | -100.0% |
| Remuneration and social security | 454/9 | €122,688 | €146,225 | +€23,537 | +19.2% |
| Other amounts payable | 47/48 | €150,102 | €100,102 | -€50,000 | -33.3% |
| Accrued charges and deferred income | 492/3 | €29,192 | €24,199 | -€4,994 | -17.1% |
| Operating income | 70/76A | €19,901,621 | €21,499,232 | +€1.6m | +8.0% |
| Turnover | 70 | €19,663,765 | €21,433,905 | +€1.8m | +9.0% |
| Other operating income | 74 | €237,856 | €65,326 | -€172,530 | -72.5% |
| Operating charges | 60/66A | €17,929,346 | €19,565,898 | +€1.6m | +9.1% |
| Goods for resale, raw materials and consumables | 60 | €15,705,724 | €17,111,596 | +€1.4m | +9.0% |
| Purchases | 600/8 | €16,418,020 | €18,560,155 | +€2.1m | +13.0% |
| Change in stocks: decrease (increase) | 609 | -€712,296 | -€1,448,558 | -€736,262 | -103.4% |
| Services and other goods | 61 | €965,183 | €906,036 | -€59,147 | -6.1% |
| Remuneration, social security and pensions | 62 | €921,196 | €1,110,047 | +€188,851 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295,252 | €332,426 | +€37,175 | +12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €887 | -€1,256 | -€2,143 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €13,860 | €56,301 | +€42,441 | +306.2% |
| Other operating charges | 640/8 | €27,245 | €50,748 | +€23,503 | +86.3% |
| Operating profit (loss) | 9901 | €1,972,275 | €1,933,334 | -€38,942 | -2.0% |
| Financial income | 75/76B | €3 | €10 | +€7 | +246.0% |
| Recurring financial income | 75 | €3 | €10 | +€7 | +246.0% |
| Other financial income | 752/9 | €3 | €10 | +€7 | +246.0% |
| Financial charges | 65/66B | €531,091 | €400,642 | -€130,449 | -24.6% |
| Recurring financial charges | 65 | €531,091 | €400,642 | -€130,449 | -24.6% |
| Debt charges | 650 | €529,454 | €398,178 | -€131,275 | -24.8% |
| Other financial charges | 652/9 | €1,637 | €2,464 | +€827 | +50.5% |
| Profit (loss) for the period before taxes | 9903 | €1,441,188 | €1,532,702 | +€91,514 | +6.3% |
| Transfer from deferred taxes | 780 | €25,090 | €13,976 | -€11,114 | -44.3% |
| Income taxes | 67/77 | €356,062 | €384,959 | +€28,897 | +8.1% |
| Taxes | 670/3 | €356,062 | €384,959 | +€28,897 | +8.1% |
| Profit (loss) for the period | 9904 | €1,110,216 | €1,161,719 | +€51,503 | +4.6% |
| Transfer from tax-exempt reserves | 789 | €75,270 | €41,927 | -€33,343 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,185,486 | €1,203,646 | +€18,160 | +1.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.