WILLIAM WESTROAD: 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.
WILLIAM WESTROAD
Largest movements
- Receivables within one year -€15,661
down €15,661 (-86.3%), from €18,156 to €2,494
- Cash -€2,298
down €2,298 (-80.9%), from €2,840 to €542
mainly Contributions, distributions and other (-€15,000) and Net result for the year (-€5,175)
- Tangible fixed assets -€984
down €984 (-14.4%), from €6,812 to €5,828
- Profit (loss) carried forward -€20,175
down €20,175, from €18,868 to -€1,308
- Other debts +€6,539
new in 2025: €6,539
- Tax, wage and social debts -€2,835
down €2,835 (-100.0%), from €2,835 to €0
- Trade debts -€2,471
down €2,471 (-68.6%), from €3,604 to €1,133
- Gross operating margin -€18,571
down €18,571, from €15,222 to -€3,350
- Taxes -€3,611
down €3,611 (-100.0%), from €3,611 to €0
- Financial charges -€2,086
down €2,086 (-78.9%), from €2,644 to €558
- Other operating charges +€384
new in 2025: €384
- Financial income -€226
down €226 (-69.3%), from €326 to €100
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 | €27,807 | €8,864 | -€18,943 | -68.1% |
| Fixed assets | 21/28 | €6,812 | €5,828 | -€984 | -14.4% |
| Tangible fixed assets | 22/27 | €6,812 | €5,828 | -€984 | -14.4% |
| Plant, machinery and equipment | 23 | €6,812 | €5,828 | -€984 | -14.4% |
| Current assets | 29/58 | €20,996 | €3,036 | -€17,959 | -85.5% |
| Amounts receivable within one year | 40/41 | €18,156 | €2,494 | -€15,661 | -86.3% |
| Other amounts receivable | 41 | €18,156 | €2,494 | -€15,661 | -86.3% |
| Cash at bank and in hand | 54/58 | €2,840 | €542 | -€2,298 | -80.9% |
| Total equity and liabilities | 10/49 | €27,807 | €8,864 | -€18,943 | -68.1% |
| Equity | 10/15 | €21,368 | €1,192 | -€20,175 | -94.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,868 | -€1,308 | -€20,175 | |
| Amounts payable | 17/49 | €6,440 | €7,672 | +€1,233 | +19.1% |
| Amounts payable within one year | 42/48 | €6,440 | €7,672 | +€1,233 | +19.1% |
| Trade debts | 44 | €3,604 | €1,133 | -€2,471 | -68.6% |
| Suppliers | 440/4 | €3,604 | €1,133 | -€2,471 | -68.6% |
| Taxes, remuneration and social security | 45 | €2,835 | €0 | -€2,835 | -100.0% |
| Taxes | 450/3 | €2,835 | €0 | -€2,835 | -100.0% |
| Other amounts payable | 47/48 | - | €6,539 | +€6,539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €785 | €984 | +€199 | +25.3% |
| Other operating charges | 640/8 | - | €384 | +€384 | |
| Gross operating margin | 9900 | €15,222 | -€3,350 | -€18,571 | |
| Operating profit (loss) | 9901 | €14,436 | -€4,718 | -€19,154 | |
| Financial income | 75/76B | €326 | €100 | -€226 | -69.3% |
| Recurring financial income | 75 | €326 | €100 | -€226 | -69.3% |
| Financial charges | 65/66B | €2,644 | €558 | -€2,086 | -78.9% |
| Recurring financial charges | 65 | €2,644 | €558 | -€2,086 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | €12,118 | -€5,175 | -€17,294 | |
| Income taxes | 67/77 | €3,611 | €0 | -€3,611 | -100.0% |
| Profit (loss) for the period | 9904 | €8,508 | -€5,175 | -€13,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,508 | -€5,175 | -€13,683 |
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 5 October 2026 via checked.be.