OUTWEST: 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.
OUTWEST
Largest movements
- Tangible fixed assets +€27,173
up €27,173 (+37.7%), from €72,021 to €99,194
of which Assets under construction and advance payments: +€24,050
- Receivables within one year -€18,026
down €18,026 (-9.9%), from €181,584 to €163,558
of which Trade receivables: -€17,892
- Cash -€12,323
down €12,323 (-79.1%), from €15,586 to €3,263
mainly Investment in fixed assets (net) (-€38,458) and Net result for the year (-€32,216)
- Intangible fixed assets -€4,950
down €4,950 (-41.4%), from €11,949 to €6,999
- Profit (loss) carried forward -€32,216
down €32,216 (-33.0%), from €97,504 to €65,288
- Other debts +€25,121
up €25,121 (+28.7%), from €87,544 to €112,665
- Gross operating margin -€25,467
down €25,467, from €11,362 to -€14,104
- Depreciation +€10,699
up €10,699 (+193%), from €5,537 to €16,235
- Taxes +€499
up €499 (+125%), from €401 to €900
- Financial income +€499
up €499 (+99.4%), from €502 to €1,000
- Other operating charges -€198
down €198 (-9.9%), from €1,994 to €1,796
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €283,214 | €274,353 | -€8,861 | -3.1% |
| Fixed assets | 21/28 | €84,970 | €107,193 | +€22,223 | +26.2% |
| Intangible fixed assets | 21 | €11,949 | €6,999 | -€4,950 | -41.4% |
| Tangible fixed assets | 22/27 | €72,021 | €99,194 | +€27,173 | +37.7% |
| Land and buildings | 22 | €41,081 | €54,193 | +€13,112 | +31.9% |
| Furniture and vehicles | 24 | €29,440 | €19,451 | -€9,989 | -33.9% |
| Assets under construction and advance payments | 27 | €1,500 | €25,550 | +€24,050 | +1,603% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €198,244 | €167,160 | -€31,084 | -15.7% |
| Amounts receivable within one year | 40/41 | €181,584 | €163,558 | -€18,026 | -9.9% |
| Trade receivables | 40 | €49,506 | €31,614 | -€17,892 | -36.1% |
| Other amounts receivable | 41 | €132,078 | €131,944 | -€134 | -0.1% |
| Cash at bank and in hand | 54/58 | €15,586 | €3,263 | -€12,323 | -79.1% |
| Deferred charges and accrued income | 490/1 | €1,074 | €339 | -€735 | -68.4% |
| Total equity and liabilities | 10/49 | €283,214 | €274,353 | -€8,861 | -3.1% |
| Equity | 10/15 | €135,623 | €103,407 | -€32,216 | -23.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,919 | €31,919 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,919 | €31,919 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,919 | €31,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,504 | €65,288 | -€32,216 | -33.0% |
| Provisions and deferred taxes | 16 | €40,674 | €40,674 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,674 | €40,674 | = | 0.0% |
| Taxes | 161 | €40,674 | €40,674 | = | 0.0% |
| Amounts payable | 17/49 | €106,917 | €130,273 | +€23,355 | +21.8% |
| Amounts payable within one year | 42/48 | €106,917 | €130,273 | +€23,355 | +21.8% |
| Financial debts | 43 | €18 | €12 | -€6 | -31.7% |
| Credit institutions | 430/8 | €18 | €12 | -€6 | -31.7% |
| Trade debts | 44 | €12,791 | €10,131 | -€2,660 | -20.8% |
| Suppliers | 440/4 | €12,791 | €10,131 | -€2,660 | -20.8% |
| Taxes, remuneration and social security | 45 | €6,564 | €7,465 | +€900 | +13.7% |
| Taxes | 450/3 | €6,564 | €7,465 | +€900 | +13.7% |
| Other amounts payable | 47/48 | €87,544 | €112,665 | +€25,121 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,537 | €16,235 | +€10,699 | +193% |
| Other operating charges | 640/8 | €1,994 | €1,796 | -€198 | -9.9% |
| Gross operating margin | 9900 | €11,362 | -€14,104 | -€25,467 | |
| Operating profit (loss) | 9901 | €3,832 | -€32,136 | -€35,967 | |
| Financial income | 75/76B | €502 | €1,000 | +€499 | +99.4% |
| Recurring financial income | 75 | €502 | €1,000 | +€499 | +99.4% |
| Financial charges | 65/66B | €353 | €180 | -€173 | -49.0% |
| Recurring financial charges | 65 | €352 | €180 | -€172 | -48.8% |
| Non-recurring financial charges | 66B | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €3,980 | -€31,316 | -€35,296 | |
| Income taxes | 67/77 | €401 | €900 | +€499 | +125% |
| Profit (loss) for the period | 9904 | €3,579 | -€32,216 | -€35,796 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,579 | -€32,216 | -€35,796 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.