SECTEUR OUEST: 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.
SECTEUR OUEST
Largest movements
- Stocks and contracts -€325,148
down €325,148 (-37.6%), from €863,716 to €538,568
- Receivables within one year -€150,929
down €150,929 (-80.0%), from €188,652 to €37,723
of which Other amounts receivable: -€180,394
- Tangible fixed assets -€13,177
down €13,177 (-31.5%), from €41,869 to €28,692
of which Furniture and vehicles: -€11,769
- Short-term financial debts -€309,048
down €309,048 (-96.7%), from €319,647 to €10,599
- Other debts -€144,435
down €144,435 (-50.6%), from €285,240 to €140,805
- Debts after one year +€99,680
up €99,680 (+30.7%), from €324,994 to €424,674
of which Financial debts: +€99,680
- Profit (loss) carried forward -€79,959
down €79,959, from €42,596 to -€37,363
- Current portion of long-term debt -€43,578
down €43,578 (-40.7%), from €107,020 to €63,441
- Gross operating margin -€122,355
down €122,355, from €106,519 to -€15,836
- Financial charges -€4,563
down €4,563 (-8.7%), from €52,388 to €47,825
- Other operating charges -€4,168
down €4,168 (-47.1%), from €8,858 to €4,690
- Financial income +€2,535
up €2,535 (+1,543%), from €164 to €2,699
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,099,059 | €612,726 | -€486,333 | -44.2% |
| Fixed assets | 21/28 | €44,949 | €34,272 | -€10,677 | -23.8% |
| Tangible fixed assets | 22/27 | €41,869 | €28,692 | -€13,177 | -31.5% |
| Plant, machinery and equipment | 23 | €3,806 | €2,397 | -€1,408 | -37.0% |
| Furniture and vehicles | 24 | €38,063 | €26,294 | -€11,769 | -30.9% |
| Financial fixed assets | 28 | €3,080 | €5,580 | +€2,500 | +81.2% |
| Current assets | 29/58 | €1,054,110 | €578,454 | -€475,655 | -45.1% |
| Stocks and contracts in progress | 3 | €863,716 | €538,568 | -€325,148 | -37.6% |
| Stocks | 30/36 | €863,716 | €538,568 | -€325,148 | -37.6% |
| Amounts receivable within one year | 40/41 | €188,652 | €37,723 | -€150,929 | -80.0% |
| Trade receivables | 40 | €2,807 | €32,273 | +€29,465 | +1,050% |
| Other amounts receivable | 41 | €185,845 | €5,451 | -€180,394 | -97.1% |
| Deferred charges and accrued income | 490/1 | €1,742 | €2,163 | +€421 | +24.2% |
| Total equity and liabilities | 10/49 | €1,099,059 | €612,726 | -€486,333 | -44.2% |
| Equity | 10/15 | €50,656 | -€29,303 | -€79,959 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,596 | -€37,363 | -€79,959 | |
| Amounts payable | 17/49 | €1,048,403 | €642,029 | -€406,374 | -38.8% |
| Amounts payable after more than one year | 17 | €324,994 | €424,674 | +€99,680 | +30.7% |
| Financial debts | 170/4 | €323,169 | €422,850 | +€99,680 | +30.8% |
| Other amounts payable | 178/9 | €1,825 | €1,825 | = | 0.0% |
| Amounts payable within one year | 42/48 | €722,023 | €216,214 | -€505,809 | -70.1% |
| Current portion of amounts payable after more than one year | 42 | €107,020 | €63,441 | -€43,578 | -40.7% |
| Financial debts | 43 | €319,647 | €10,599 | -€309,048 | -96.7% |
| Credit institutions | 430/8 | €319,647 | €10,599 | -€309,048 | -96.7% |
| Trade debts | 44 | €4,824 | €1,369 | -€3,455 | -71.6% |
| Suppliers | 440/4 | €4,824 | €1,369 | -€3,455 | -71.6% |
| Taxes, remuneration and social security | 45 | €5,293 | - | -€5,293 | |
| Taxes | 450/3 | €3,293 | - | -€3,293 | |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €285,240 | €140,805 | -€144,435 | -50.6% |
| Accrued charges and deferred income | 492/3 | €1,387 | €1,141 | -€246 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,118 | €14,307 | -€811 | -5.4% |
| Other operating charges | 640/8 | €8,858 | €4,690 | -€4,168 | -47.1% |
| Gross operating margin | 9900 | €106,519 | -€15,836 | -€122,355 | |
| Operating profit (loss) | 9901 | €82,543 | -€34,833 | -€117,376 | |
| Financial income | 75/76B | €164 | €2,699 | +€2,535 | +1,543% |
| Recurring financial income | 75 | €164 | €2,699 | +€2,535 | +1,543% |
| Financial charges | 65/66B | €52,388 | €47,825 | -€4,563 | -8.7% |
| Recurring financial charges | 65 | €52,388 | €47,825 | -€4,563 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €30,319 | -€79,959 | -€110,278 | |
| Income taxes | 67/77 | €102 | - | -€102 | |
| Profit (loss) for the period | 9904 | €30,217 | -€79,959 | -€110,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,217 | -€79,959 | -€110,176 |
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.