ALMIVER WESTWING: what changed
Two financial 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.
ALMIVER WESTWING
Largest movements
- Tangible fixed assets -€40,845
down €40,845 (-2.0%), from €2.0m to €2.0m
of which Assets under construction and advance payments: -€104,198
- Other debts +€123,420
up €123,420 (+297%), from €41,618 to €165,037
- Debts after one year -€121,972
down €121,972 (-12.0%), from €1.0m to €896,419
of which Financial debts: -€121,972
- Trade debts -€55,575
down €55,575 (-85.9%), from €64,727 to €9,152
- Profit (loss) carried forward +€33,753
up €33,753 (+9.5%), from -€355,629 to -€321,876
- Gross operating margin +€50,256
up €50,256 (+43.7%), from €114,952 to €165,207
- Financial charges -€42,290
down €42,290 (-58.9%), from €71,849 to €29,559
- Depreciation +€6,586
up €6,586 (+7.4%), from €88,852 to €95,438
- Other operating charges +€5,363
up €5,363 (+490%), from €1,094 to €6,457
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.
Derived cash bridge
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 | €2,022,851 | €2,004,705 | -€18,146 | -0.9% |
| Fixed assets | 21/28 | €2,016,832 | €1,975,986 | -€40,845 | -2.0% |
| Tangible fixed assets | 22/27 | €2,016,832 | €1,975,986 | -€40,845 | -2.0% |
| Land and buildings | 22 | €1,886,839 | €1,950,949 | +€64,111 | +3.4% |
| Furniture and vehicles | 24 | €6,903 | €6,145 | -€758 | -11.0% |
| Other tangible fixed assets | 26 | €18,892 | €18,892 | = | 0.0% |
| Assets under construction and advance payments | 27 | €104,198 | €0 | -€104,198 | -100% |
| Current assets | 29/58 | €6,019 | €28,718 | +€22,699 | +377% |
| Amounts receivable within one year | 40/41 | €4,375 | €24,103 | +€19,729 | +451% |
| Trade receivables | 40 | - | €23,412 | +€23,412 | |
| Other amounts receivable | 41 | €4,375 | €691 | -€3,683 | -84.2% |
| Cash at bank and in hand | 54/58 | €1,645 | €4,054 | +€2,410 | +147% |
| Deferred charges and accrued income | 490/1 | - | €561 | +€561 | |
| Total equity and liabilities | 10/49 | €2,022,851 | €2,004,705 | -€18,146 | -0.9% |
| Equity | 10/15 | €778,371 | €812,124 | +€33,753 | +4.3% |
| Contributions | 10/11 | €1,134,000 | €1,134,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€355,629 | -€321,876 | +€33,753 | +9.5% |
| Amounts payable | 17/49 | €1,244,480 | €1,192,581 | -€51,899 | -4.2% |
| Amounts payable after more than one year | 17 | €1,018,391 | €896,419 | -€121,972 | -12.0% |
| Financial debts | 170/4 | €1,018,391 | €896,419 | -€121,972 | -12.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €226,089 | €296,162 | +€70,073 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €119,744 | €121,972 | +€2,228 | +1.9% |
| Trade debts | 44 | €64,727 | €9,152 | -€55,575 | -85.9% |
| Suppliers | 440/4 | €64,727 | €9,152 | -€55,575 | -85.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €41,618 | €165,037 | +€123,420 | +297% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,852 | €95,438 | +€6,586 | +7.4% |
| Other operating charges | 640/8 | €1,094 | €6,457 | +€5,363 | +490% |
| Gross operating margin | 9900 | €114,952 | €165,207 | +€50,256 | +43.7% |
| Operating profit (loss) | 9901 | €25,006 | €63,312 | +€38,307 | +153% |
| Financial income | 75/76B | €412 | €0 | -€412 | -100% |
| Recurring financial income | 75 | €412 | €0 | -€412 | -100% |
| Financial charges | 65/66B | €71,849 | €29,559 | -€42,290 | -58.9% |
| Recurring financial charges | 65 | €71,849 | €29,559 | -€42,290 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,432 | €33,753 | +€80,185 | |
| Profit (loss) for the period | 9904 | -€46,432 | €33,753 | +€80,185 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,432 | €33,753 | +€80,185 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.