WEST INDUSTRY: what changed
What changed
WEST INDUSTRY
NACE 81.220, Other building cleaning and industrial cleaning
filed annual accounts (NBB)
Net result for the year
-€39,234
2023 · -€22,289-€16,945
Equity
-€34,580
2023 · €4,655-€39,234
Cash
€656
2023 · €5,358-€4,703
Balance sheet total
€215,381
2023 · €254,040-€38,658
Largest movements
Assets
- Tangible fixed assets -€31,646
down €31,646 (-17.9%), from €176,311 to €144,665
of which Land and buildings: -€22,800
- Cash -€4,703
down €4,703 (-87.8%), from €5,358 to €656
mainly Net result for the year (-€39,234) and Debts after one year (-€34,945)
Equity and liabilities
- Profit (loss) carried forward -€39,234
down €39,234 (-176%), from -€22,289 to -€61,523
- Debts after one year -€34,945
down €34,945 (-25.9%), from €134,792 to €99,847
- Trade debts +€25,888
up €25,888 (+72.8%), from €35,564 to €61,452
- Other debts +€5,425
up €5,425 (+12.5%), from €43,495 to €48,921
- Short-term financial debts +€4,796
new in 2024: €4,796
Income statement
- Depreciation +€7,984
up €7,984 (+19.7%), from €40,424 to €48,408
- Gross operating margin -€5,591
down €5,591 (-4.2%), from €132,704 to €127,114
- Other operating charges +€3,935
up €3,935 (+91.2%), from €4,316 to €8,251
- Financial charges -€1,691
down €1,691 (-14.3%), from €11,799 to €10,108
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€22,289
Gross operating margin
-€5,591
Staff costs
-€152
Depreciation
-€7,984
Other operating charges
-€3,935
Financial charges
+€1,691
Taxes
-€975
Result 2024
-€39,234
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€40,310
Investment
-€16,762
Financing
-€28,251
Cash 2023
€5,358
From operations (derived)
+€40,310
Net result for the year
-€39,234
Depreciation
+€48,408
Receivables within one year
+€2,309
Trade debts
+€25,888
Tax, wage and social debts
-€2,487
Other debts
+€5,425
Investment (derived)
-€16,762
Investment in fixed assets (net)
-€16,762
Financing
-€28,251
Debts after one year
-€34,945
Current portion of long-term debt
+€1,898
Short-term financial debts
+€4,796
Cash 2024
€656
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,040 | €215,381 | -€38,658 | -15.2% |
| Fixed assets | 21/28 | €176,311 | €144,665 | -€31,646 | -17.9% |
| Tangible fixed assets | 22/27 | €176,311 | €144,665 | -€31,646 | -17.9% |
| Land and buildings | 22 | €91,200 | €68,400 | -€22,800 | -25.0% |
| Plant, machinery and equipment | 23 | €21,631 | €12,995 | -€8,636 | -39.9% |
| Furniture and vehicles | 24 | €63,480 | €63,269 | -€210 | -0.3% |
| Current assets | 29/58 | €77,728 | €70,716 | -€7,012 | -9.0% |
| Amounts receivable within one year | 40/41 | €72,370 | €70,061 | -€2,309 | -3.2% |
| Trade receivables | 40 | €63,483 | €60,480 | -€3,002 | -4.7% |
| Other amounts receivable | 41 | €8,887 | €9,580 | +€693 | +7.8% |
| Cash at bank and in hand | 54/58 | €5,358 | €656 | -€4,703 | -87.8% |
| Total equity and liabilities | 10/49 | €254,040 | €215,381 | -€38,658 | -15.2% |
| Equity | 10/15 | €4,655 | -€34,580 | -€39,234 | |
| Contributions | 10/11 | €17,700 | €17,700 | = | 0.0% |
| Reserves | 13 | €9,243 | €9,243 | = | 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% |
| Distributable reserves | 133 | €7,383 | €7,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,289 | -€61,523 | -€39,234 | -176% |
| Amounts payable | 17/49 | €249,385 | €249,961 | +€576 | +0.2% |
| Amounts payable after more than one year | 17 | €134,792 | €99,847 | -€34,945 | -25.9% |
| Financial debts | 170/4 | €134,792 | €99,847 | -€34,945 | -25.9% |
| Amounts payable within one year | 42/48 | €114,593 | €150,114 | +€35,521 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €33,047 | €34,945 | +€1,898 | +5.7% |
| Financial debts | 43 | - | €4,796 | +€4,796 | |
| Credit institutions | 430/8 | - | €4,796 | +€4,796 | |
| Trade debts | 44 | €35,564 | €61,452 | +€25,888 | +72.8% |
| Suppliers | 440/4 | €35,564 | €61,452 | +€25,888 | +72.8% |
| Taxes, remuneration and social security | 45 | €2,487 | €0 | -€2,487 | -100% |
| Taxes | 450/3 | €92 | €0 | -€92 | -100% |
| Remuneration and social security | 454/9 | €2,395 | €0 | -€2,395 | -100% |
| Other amounts payable | 47/48 | €43,495 | €48,921 | +€5,425 | +12.5% |
| Non-recurring operating income | 76A | - | €6,903 | +€6,903 | |
| Remuneration, social security and pensions | 62 | €96,752 | €96,904 | +€152 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,424 | €48,408 | +€7,984 | +19.7% |
| Other operating charges | 640/8 | €4,316 | €8,251 | +€3,935 | +91.2% |
| Gross operating margin | 9900 | €132,704 | €127,114 | -€5,591 | -4.2% |
| Operating profit (loss) | 9901 | -€8,787 | -€26,449 | -€17,662 | -201% |
| Financial charges | 65/66B | €11,799 | €10,108 | -€1,691 | -14.3% |
| Recurring financial charges | 65 | €11,799 | €10,108 | -€1,691 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,586 | -€36,557 | -€15,971 | -77.6% |
| Income taxes | 67/77 | €1,703 | €2,677 | +€975 | +57.3% |
| Profit (loss) for the period | 9904 | -€22,289 | -€39,234 | -€16,945 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,289 | -€39,234 | -€16,945 | -76.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.