PROMOWEST: 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.
What changed
PROMOWEST
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€414,032
2024 · -€45,574-€368,458
Equity
€12.6m
2024 · €1.0m+€11.6m
Cash
€4,090
2024 · €13,762-€9,672
Balance sheet total
€17.4m
2024 · €17.0m+€443,658
Largest movements
Assets
- Tangible fixed assets +€449,919
up €449,919 (+2.7%), from €16.9m to €17.3m
of which Land and buildings: +€449,919
Equity and liabilities
- Contributions +€12.0m
up €12.0m (+800%), from €1.5m to €13.5m
- Debts after one year -€10.9m
down €10.9m (-72.1%), from €15.1m to €4.2m
- Profit (loss) carried forward -€414,032
down €414,032 (-79.5%), from -€521,064 to -€935,097
Income statement
- Gross operating margin -€627,300
down €627,300 (-68.7%), from €912,595 to €285,296
- Financial charges -€144,604
down €144,604 (-22.8%), from €633,192 to €488,588
- Taxes -€67,853
no longer reported in 2025 (was €67,853)
- Write-downs -€44,522
no longer reported in 2025 (was €44,522)
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
-€45,574
Gross operating margin
-€627,300
Depreciation
-€1,353
Write-downs
+€44,522
Other operating charges
+€3,213
Financial income
+€3
Financial charges
+€144,604
Taxes
+€67,853
Result 2025
-€414,032
raises the resultlowers the result
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.
From operations
-€588,590
Investment
-€548,041
Financing
+€1.1m
Cash 2024
€13,762
From operations (derived)
-€588,590
Net result for the year
-€414,032
Depreciation
+€98,122
Smaller working-capital items
-€8,347
Trade debts
-€74,478
Tax, wage and social debts
-€93,675
Other debts
-€96,180
Investment (derived)
-€548,041
Investment in fixed assets (net)
-€548,041
Financing
+€1.1m
Debts after one year
-€10.9m
Contributions, distributions and other
+€12.0m
Cash 2025
€4,090
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,979,522 | €17,423,180 | +€443,658 | +2.6% |
| Fixed assets | 21/28 | €16,885,004 | €17,334,923 | +€449,919 | +2.7% |
| Tangible fixed assets | 22/27 | €16,884,303 | €17,334,222 | +€449,919 | +2.7% |
| Land and buildings | 22 | €16,827,640 | €17,277,559 | +€449,919 | +2.7% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Other tangible fixed assets | 26 | €56,663 | €56,663 | = | 0.0% |
| Financial fixed assets | 28 | €701 | €701 | = | 0.0% |
| Current assets | 29/58 | €94,519 | €88,258 | -€6,261 | -6.6% |
| Amounts receivable within one year | 40/41 | €52,860 | €56,450 | +€3,590 | +6.8% |
| Trade receivables | 40 | €50,245 | €56,450 | +€6,205 | +12.4% |
| Other amounts receivable | 41 | €2,616 | - | -€2,616 | |
| Cash at bank and in hand | 54/58 | €13,762 | €4,090 | -€9,672 | -70.3% |
| Deferred charges and accrued income | 490/1 | €27,896 | €27,718 | -€178 | -0.6% |
| Total equity and liabilities | 10/49 | €16,979,522 | €17,423,180 | +€443,658 | +2.6% |
| Equity | 10/15 | €1,008,980 | €12,594,948 | +€11.6m | +1,148% |
| Contributions | 10/11 | €1,499,986 | €13,499,986 | +€12.0m | +800% |
| Capital | 10 | €1,499,986 | €13,499,986 | +€12.0m | +800% |
| Issued capital | 100 | €1,499,986 | €13,499,986 | +€12.0m | +800% |
| Reserves | 13 | €30,058 | €30,058 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,426 | €29,426 | = | 0.0% |
| Legal reserve | 130 | €29,426 | €29,426 | = | 0.0% |
| Tax-exempt reserves | 132 | €334 | €334 | = | 0.0% |
| Distributable reserves | 133 | €299 | €299 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€521,064 | -€935,097 | -€414,032 | -79.5% |
| Amounts payable | 17/49 | €15,970,542 | €4,828,233 | -€11.1m | -69.8% |
| Amounts payable after more than one year | 17 | €15,076,037 | €4,202,996 | -€10.9m | -72.1% |
| Other amounts payable | 178/9 | €15,076,037 | €4,202,996 | -€10.9m | -72.1% |
| Amounts payable within one year | 42/48 | €875,900 | €611,567 | -€264,333 | -30.2% |
| Trade debts | 44 | €188,899 | €114,421 | -€74,478 | -39.4% |
| Suppliers | 440/4 | €188,899 | €114,421 | -€74,478 | -39.4% |
| Taxes, remuneration and social security | 45 | €106,751 | €13,076 | -€93,675 | -87.8% |
| Taxes | 450/3 | €106,751 | €13,076 | -€93,675 | -87.8% |
| Other amounts payable | 47/48 | €580,250 | €484,070 | -€96,180 | -16.6% |
| Accrued charges and deferred income | 492/3 | €18,605 | €13,669 | -€4,936 | -26.5% |
| Non-recurring operating income | 76A | €514,119 | - | -€514,119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,769 | €98,122 | +€1,353 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,522 | - | -€44,522 | |
| Other operating charges | 640/8 | €115,834 | €112,621 | -€3,213 | -2.8% |
| Gross operating margin | 9900 | €912,595 | €285,296 | -€627,300 | -68.7% |
| Operating profit (loss) | 9901 | €655,470 | €74,552 | -€580,918 | -88.6% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €633,192 | €488,588 | -€144,604 | -22.8% |
| Recurring financial charges | 65 | €633,192 | €488,588 | -€144,604 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €22,279 | -€414,032 | -€436,311 | |
| Income taxes | 67/77 | €67,853 | - | -€67,853 | |
| Profit (loss) for the period | 9904 | -€45,574 | -€414,032 | -€368,458 | -808% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,574 | -€414,032 | -€368,458 | -808% |
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 15 October 2026 via checked.be.