WEST BUILDING: 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.
WEST BUILDING
Largest movements
- Stocks and contracts -€124,169
down €124,169 (-34.5%), from €359,828 to €235,659
- Cash +€38,774
up €38,774 (+211%), from €18,394 to €57,168
mainly Stocks and contracts (+€124,169) and Trade debts (+€33,104)
- Financial fixed assets +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Receivables within one year +€7,340
up €7,340 (+3.8%), from €195,012 to €202,352
of which Other amounts receivable: +€5,079
- Current portion of long-term debt -€53,604
no longer reported in 2025 (was €53,604)
- Profit (loss) carried forward -€51,606
down €51,606 (-11.7%), from €440,321 to €388,714
- Trade debts +€33,104
up €33,104 (+51.3%), from €64,478 to €97,583
- Gross operating margin -€269,487
down €269,487, from €241,811 to -€27,676
- Taxes -€57,871
down €57,871 (-100.0%), from €57,887 to €16
- Financial charges +€12,714
up €12,714 (+71.8%), from €17,714 to €30,428
- Depreciation -€9,518
no longer reported in 2025 (was €9,518)
- Financial income -€8,489
down €8,489 (-45.9%), from €18,478 to €9,990
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 | €605,180 | €536,179 | -€69,002 | -11.4% |
| Fixed assets | 21/28 | €31,000 | €41,000 | +€10,000 | +32.3% |
| Tangible fixed assets | 22/27 | €21,000 | €21,000 | = | 0.0% |
| Land and buildings | 22 | €21,000 | €21,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €20,000 | +€10,000 | +100% |
| Current assets | 29/58 | €574,180 | €495,179 | -€79,002 | -13.8% |
| Stocks and contracts in progress | 3 | €359,828 | €235,659 | -€124,169 | -34.5% |
| Stocks | 30/36 | €359,828 | €235,659 | -€124,169 | -34.5% |
| Amounts receivable within one year | 40/41 | €195,012 | €202,352 | +€7,340 | +3.8% |
| Trade receivables | 40 | €41,710 | €43,972 | +€2,261 | +5.4% |
| Other amounts receivable | 41 | €153,302 | €158,380 | +€5,079 | +3.3% |
| Cash at bank and in hand | 54/58 | €18,394 | €57,168 | +€38,774 | +211% |
| Deferred charges and accrued income | 490/1 | €946 | - | -€946 | |
| Total equity and liabilities | 10/49 | €605,180 | €536,179 | -€69,002 | -11.4% |
| Equity | 10/15 | €460,772 | €409,166 | -€51,606 | -11.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €440,321 | €388,714 | -€51,606 | -11.7% |
| Amounts payable | 17/49 | €144,409 | €127,013 | -€17,395 | -12.0% |
| Amounts payable within one year | 42/48 | €140,982 | €118,296 | -€22,686 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €53,604 | - | -€53,604 | |
| Trade debts | 44 | €64,478 | €97,583 | +€33,104 | +51.3% |
| Suppliers | 440/4 | €64,478 | €97,583 | +€33,104 | +51.3% |
| Taxes, remuneration and social security | 45 | €21,900 | €19,713 | -€2,187 | -10.0% |
| Taxes | 450/3 | €21,900 | €19,713 | -€2,187 | -10.0% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,426 | €8,718 | +€5,291 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,518 | - | -€9,518 | |
| Other operating charges | 640/8 | €3,565 | €3,476 | -€89 | -2.5% |
| Gross operating margin | 9900 | €241,811 | -€27,676 | -€269,487 | |
| Operating profit (loss) | 9901 | €228,728 | -€31,152 | -€259,880 | |
| Financial income | 75/76B | €18,478 | €9,990 | -€8,489 | -45.9% |
| Recurring financial income | 75 | €18,478 | €9,990 | -€8,489 | -45.9% |
| Financial charges | 65/66B | €17,714 | €30,428 | +€12,714 | +71.8% |
| Recurring financial charges | 65 | €17,714 | €30,428 | +€12,714 | +71.8% |
| Profit (loss) for the period before taxes | 9903 | €229,492 | -€51,590 | -€281,082 | |
| Income taxes | 67/77 | €57,887 | €16 | -€57,871 | -100.0% |
| Profit (loss) for the period | 9904 | €171,605 | -€51,606 | -€223,211 | |
| Profit (loss) for the period to be appropriated | 9905 | €171,605 | -€51,606 | -€223,211 |
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 19 October 2026 via checked.be.