WESTVELD: 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
WESTVELD
NACE 47.750, Retail sale of cosmetics and toilet articles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€198,034
2024 · €205,535-€7,501
Equity
€553,365
2024 · €535,331+€18,034
Cash
€286,400
2024 · €291,577-€5,177
Balance sheet total
€1.7m
2024 · €1.7m-€37,981
Largest movements
Assets
- Tangible fixed assets -€72,682
down €72,682 (-9.3%), from €784,652 to €711,970
of which Plant, machinery and equipment: -€43,888
- Stocks and contracts +€23,016
up €23,016 (+10.0%), from €230,623 to €253,638
Equity and liabilities
- Debts after one year -€44,699
down €44,699 (-10.2%), from €436,805 to €392,106
of which Financial debts: -€44,699
- Trade debts +€33,798
up €33,798 (+8.4%), from €401,259 to €435,057
- Current portion of long-term debt -€27,823
down €27,823 (-38.4%), from €72,522 to €44,699
- Other debts -€26,348
down €26,348 (-12.8%), from €206,348 to €180,000
- Reserves +€18,034
up €18,034 (+3.6%), from €507,733 to €525,767
of which Distributable reserves: +€18,034
Income statement
- Staff costs +€21,700
up €21,700 (+8.6%), from €251,793 to €273,493
- Gross operating margin +€15,461
up €15,461 (+2.7%), from €563,991 to €579,451
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
€205,535
Gross operating margin
+€15,461
Staff costs
-€21,700
Depreciation
-€739
Other operating charges
+€743
Other operating items
+€58
Financial income
+€1,732
Financial charges
+€1,224
Taxes
-€4,280
Result 2025
€198,034
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
+€260,689
Investment
-€13,344
Financing
-€252,522
Cash 2024
€291,577
From operations (derived)
+€260,689
Net result for the year
+€198,034
Depreciation
+€86,026
Stocks and contracts
-€23,016
Receivables within one year
-€15,717
Deferred charges and accrued income
-€1,146
Trade debts
+€33,798
Tax, wage and social debts
+€5,010
Other debts
-€26,348
Accrued charges and deferred income
+€4,048
Investment (derived)
-€13,344
Investment in fixed assets (net)
-€13,344
Financing
-€252,522
Debts after one year
-€44,699
Current portion of long-term debt
-€27,823
Contributions, distributions and other
-€180,000
Cash 2025
€286,400
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,703,780 | €1,665,799 | -€37,981 | -2.2% |
| Fixed assets | 21/28 | €785,455 | €712,773 | -€72,682 | -9.3% |
| Tangible fixed assets | 22/27 | €784,652 | €711,970 | -€72,682 | -9.3% |
| Land and buildings | 22 | €421,416 | €395,154 | -€26,262 | -6.2% |
| Plant, machinery and equipment | 23 | €354,429 | €310,542 | -€43,888 | -12.4% |
| Furniture and vehicles | 24 | €1,133 | €6,275 | +€5,141 | +453.6% |
| Other tangible fixed assets | 26 | €7,673 | €0 | -€7,673 | -100.0% |
| Financial fixed assets | 28 | €803 | €803 | = | 0.0% |
| Current assets | 29/58 | €918,325 | €953,026 | +€34,701 | +3.8% |
| Stocks and contracts in progress | 3 | €230,623 | €253,638 | +€23,016 | +10.0% |
| Stocks | 30/36 | €230,623 | €253,638 | +€23,016 | +10.0% |
| Amounts receivable within one year | 40/41 | €291,757 | €307,474 | +€15,717 | +5.4% |
| Trade receivables | 40 | €135,831 | €135,012 | -€819 | -0.6% |
| Other amounts receivable | 41 | €155,927 | €172,462 | +€16,536 | +10.6% |
| Current investments | 50/53 | €100,922 | €100,922 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €291,577 | €286,400 | -€5,177 | -1.8% |
| Deferred charges and accrued income | 490/1 | €3,446 | €4,592 | +€1,146 | +33.2% |
| Total equity and liabilities | 10/49 | €1,703,780 | €1,665,799 | -€37,981 | -2.2% |
| Equity | 10/15 | €535,331 | €553,365 | +€18,034 | +3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €7,598 | €7,598 | = | 0.0% |
| Reserves | 13 | €507,733 | €525,767 | +€18,034 | +3.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €320 | €320 | = | 0.0% |
| Distributable reserves | 133 | €507,413 | €525,447 | +€18,034 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,168,449 | €1,112,434 | -€56,015 | -4.8% |
| Amounts payable after more than one year | 17 | €436,805 | €392,106 | -€44,699 | -10.2% |
| Financial debts | 170/4 | €286,805 | €242,106 | -€44,699 | -15.6% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €730,644 | €715,280 | -€15,364 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €72,522 | €44,699 | -€27,823 | -38.4% |
| Trade debts | 44 | €401,259 | €435,057 | +€33,798 | +8.4% |
| Suppliers | 440/4 | €401,259 | €435,057 | +€33,798 | +8.4% |
| Taxes, remuneration and social security | 45 | €50,514 | €55,524 | +€5,010 | +9.9% |
| Taxes | 450/3 | €5,475 | €1,677 | -€3,798 | -69.4% |
| Remuneration and social security | 454/9 | €45,039 | €53,847 | +€8,807 | +19.6% |
| Other amounts payable | 47/48 | €206,348 | €180,000 | -€26,348 | -12.8% |
| Accrued charges and deferred income | 492/3 | €1,000 | €5,048 | +€4,048 | +404.8% |
| Remuneration, social security and pensions | 62 | €251,793 | €273,493 | +€21,700 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,287 | €86,026 | +€739 | +0.9% |
| Other operating charges | 640/8 | €5,489 | €4,746 | -€743 | -13.5% |
| Non-recurring operating charges | 66A | €58 | €0 | -€58 | -100.0% |
| Gross operating margin | 9900 | €563,991 | €579,451 | +€15,461 | +2.7% |
| Operating profit (loss) | 9901 | €221,363 | €215,186 | -€6,177 | -2.8% |
| Financial income | 75/76B | €1,438 | €3,170 | +€1,732 | +120.4% |
| Recurring financial income | 75 | €1,438 | €3,170 | +€1,732 | +120.4% |
| Financial charges | 65/66B | €13,165 | €11,941 | -€1,224 | -9.3% |
| Recurring financial charges | 65 | €13,165 | €11,941 | -€1,224 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €209,636 | €206,415 | -€3,221 | -1.5% |
| Income taxes | 67/77 | €4,101 | €8,381 | +€4,280 | +104.4% |
| Profit (loss) for the period | 9904 | €205,535 | €198,034 | -€7,501 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €205,535 | €198,034 | -€7,501 | -3.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.