WEST - IMMO: 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 - IMMO
Largest movements
- Cash -€4,929
down €4,929 (-47.3%), from €10,424 to €5,495
mainly Net result for the year (-€6,381) and Receivables within one year (-€434)
- Tangible fixed assets -€1,978
down €1,978 (-4.3%), from €46,352 to €44,374
of which Plant, machinery and equipment: -€1,978
- Reserves -€6,381
down €6,381 (-32.3%), from €19,768 to €13,387
of which Distributable reserves: -€6,381
- Gross operating margin -€1,551
down €1,551 (-35.8%), from €4,326 to €2,775
- Other operating charges +€183
up €183 (+2.7%), from €6,870 to €7,053
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.
Cash bridge derived
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 | €58,876 | €52,403 | -€6,473 | -11.0% |
| Fixed assets | 21/28 | €46,352 | €44,374 | -€1,978 | -4.3% |
| Tangible fixed assets | 22/27 | €46,352 | €44,374 | -€1,978 | -4.3% |
| Land and buildings | 22 | €41,336 | €41,336 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,016 | €3,038 | -€1,978 | -39.4% |
| Current assets | 29/58 | €12,523 | €8,029 | -€4,495 | -35.9% |
| Amounts receivable within one year | 40/41 | €2,100 | €2,534 | +€434 | +20.7% |
| Other amounts receivable | 41 | €2,100 | €2,534 | +€434 | +20.7% |
| Cash at bank and in hand | 54/58 | €10,424 | €5,495 | -€4,929 | -47.3% |
| Total equity and liabilities | 10/49 | €58,876 | €52,403 | -€6,473 | -11.0% |
| Equity | 10/15 | €49,515 | €43,134 | -€6,381 | -12.9% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Capital | 10 | €29,747 | €29,747 | = | 0.0% |
| Issued capital | 100 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €19,768 | €13,387 | -€6,381 | -32.3% |
| Non-distributable reserves | 130/1 | €2,975 | €2,975 | = | 0.0% |
| Legal reserve | 130 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €16,793 | €10,412 | -€6,381 | -38.0% |
| Amounts payable | 17/49 | €9,360 | €9,269 | -€92 | -1.0% |
| Amounts payable within one year | 42/48 | €9,360 | €9,269 | -€92 | -1.0% |
| Trade debts | 44 | €1,086 | €913 | -€173 | -16.0% |
| Suppliers | 440/4 | €1,086 | €913 | -€173 | -16.0% |
| Other amounts payable | 47/48 | €8,274 | €8,356 | +€82 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,978 | €1,978 | +€0 | 0.0% |
| Other operating charges | 640/8 | €6,870 | €7,053 | +€183 | +2.7% |
| Gross operating margin | 9900 | €4,326 | €2,775 | -€1,551 | -35.8% |
| Operating profit (loss) | 9901 | -€4,522 | -€6,256 | -€1,734 | -38.3% |
| Financial charges | 65/66B | €125 | €125 | +€1 | +0.4% |
| Recurring financial charges | 65 | €125 | €125 | +€1 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,647 | -€6,381 | -€1,734 | -37.3% |
| Profit (loss) for the period | 9904 | -€4,647 | -€6,381 | -€1,734 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,647 | -€6,381 | -€1,734 | -37.3% |
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 12 October 2026 via checked.be.