West Region SRC: what changed
Two fiscal 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
West Region SRC
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€44,061
2024 · -€137,512+€181,573
Equity
€484,284
2024 · €458,332+€25,952
Cash
€324,087
2024 · €265,506+€58,581
Balance sheet total
€7.0m
2024 · €6.9m+€182,996
Largest movements
Assets
- Receivables after one year +€650,000
new in 2025: €650,000
- Receivables within one year -€549,340
down €549,340 (-21.7%), from €2.5m to €2.0m
of which Trade receivables: -€579,846
Equity and liabilities
- Debts after one year +€670,000
up €670,000 (+17.7%), from €3.8m to €4.4m
- Trade debts -€665,319
down €665,319 (-29.7%), from €2.2m to €1.6m
- Accrued charges and deferred income +€164,818
up €164,818 (+45.9%), from €358,910 to €523,727
Income statement
- Services and other goods -€1.4m
down €1.4m (-39.1%), from €3.5m to €2.1m
- Turnover -€1.3m
down €1.3m (-35.9%), from €3.5m to €2.3m
- Other operating income +€45,618
new in 2025: €45,618
- Financial income +€35,950
new in 2025: €35,950
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
-€137,512
Turnover
-€1.3m
Other operating income
+€45,618
Services and other goods
+€1.4m
Staff costs
-€6,237
Financial income
+€35,950
Financial charges
+€11,386
Result 2025
€44,061
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.
From operations
-€593,310
Investment
€0
Financing
+€651,891
Cash 2024
€265,506
From operations (derived)
-€593,310
Net result for the year
+€44,061
Receivables after one year
-€650,000
Receivables within one year
+€549,340
Deferred charges and accrued income
-€23,755
Trade debts
-€665,319
Tax, wage and social debts
-€30,564
Other debts
+€18,109
Accrued charges and deferred income
+€164,818
Financing
+€651,891
Debts after one year
+€670,000
Contributions, distributions and other
-€18,109
Cash 2025
€324,087
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,862,903 | €7,045,900 | +€182,996 | +2.7% |
| Fixed assets | 21/28 | €4,060,100 | €4,060,100 | = | 0.0% |
| Financial fixed assets | 28 | €4,060,100 | €4,060,100 | = | 0.0% |
| Affiliated companies | 280/1 | €4,060,100 | €4,060,100 | = | 0.0% |
| Participating interests | 280 | €4,060,100 | €4,060,100 | = | 0.0% |
| Current assets | 29/58 | €2,802,803 | €2,985,800 | +€182,996 | +6.5% |
| Amounts receivable after more than one year | 29 | - | €650,000 | +€650,000 | |
| Other amounts receivable | 291 | - | €650,000 | +€650,000 | |
| Amounts receivable within one year | 40/41 | €2,537,297 | €1,987,958 | -€549,340 | -21.7% |
| Trade receivables | 40 | €2,537,297 | €1,957,451 | -€579,846 | -22.9% |
| Other amounts receivable | 41 | €0 | €30,506 | +€30,506 | |
| Cash at bank and in hand | 54/58 | €265,506 | €324,087 | +€58,581 | +22.1% |
| Deferred charges and accrued income | 490/1 | €0 | €23,755 | +€23,755 | |
| Total equity and liabilities | 10/49 | €6,862,903 | €7,045,900 | +€182,996 | +2.7% |
| Equity | 10/15 | €458,332 | €484,284 | +€25,952 | +5.7% |
| Contributions | 10/11 | €760,000 | €760,000 | = | 0.0% |
| Reserves | 13 | - | €2,203 | +€2,203 | |
| Non-distributable reserves | 130/1 | - | €2,203 | +€2,203 | |
| Other | 1319 | - | €2,203 | +€2,203 | |
| Profit (loss) carried forward | 14 | -€301,668 | -€277,919 | +€23,749 | +7.9% |
| Amounts payable | 17/49 | €6,404,572 | €6,561,616 | +€157,044 | +2.5% |
| Amounts payable after more than one year | 17 | €3,777,995 | €4,447,995 | +€670,000 | +17.7% |
| Financial debts | 170/4 | €3,777,995 | €4,447,995 | +€670,000 | +17.7% |
| Other loans | 174 | €3,777,995 | €4,447,995 | +€670,000 | +17.7% |
| Amounts payable within one year | 42/48 | €2,267,667 | €1,589,894 | -€677,773 | -29.9% |
| Trade debts | 44 | €2,237,103 | €1,571,785 | -€665,319 | -29.7% |
| Suppliers | 440/4 | €2,237,103 | €1,571,785 | -€665,319 | -29.7% |
| Taxes, remuneration and social security | 45 | €30,564 | €0 | -€30,564 | -100.0% |
| Taxes | 450/3 | €30,564 | €0 | -€30,564 | -100.0% |
| Other amounts payable | 47/48 | - | €18,109 | +€18,109 | |
| Accrued charges and deferred income | 492/3 | €358,910 | €523,727 | +€164,818 | +45.9% |
| Operating income | 70/76A | €3,516,000 | €2,299,618 | -€1.2m | -34.6% |
| Turnover | 70 | €3,516,000 | €2,254,000 | -€1.3m | -35.9% |
| Other operating income | 74 | - | €45,618 | +€45,618 | |
| Operating charges | 60/66A | €3,470,461 | €2,119,842 | -€1.4m | -38.9% |
| Services and other goods | 61 | €3,470,461 | €2,113,605 | -€1.4m | -39.1% |
| Remuneration, social security and pensions | 62 | - | €6,237 | +€6,237 | |
| Operating profit (loss) | 9901 | €45,539 | €179,776 | +€134,237 | +294.8% |
| Financial income | 75/76B | - | €35,950 | +€35,950 | |
| Recurring financial income | 75 | - | €35,950 | +€35,950 | |
| Income from current assets | 751 | - | €13,289 | +€13,289 | |
| Other financial income | 752/9 | - | €22,661 | +€22,661 | |
| Financial charges | 65/66B | €183,051 | €171,665 | -€11,386 | -6.2% |
| Recurring financial charges | 65 | €183,051 | €171,665 | -€11,386 | -6.2% |
| Debt charges | 650 | €151,120 | €164,818 | +€13,698 | +9.1% |
| Other financial charges | 652/9 | €31,931 | €6,847 | -€25,084 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | -€137,512 | €44,061 | +€181,573 | |
| Profit (loss) for the period | 9904 | -€137,512 | €44,061 | +€181,573 | |
| Profit (loss) for the period to be appropriated | 9905 | -€137,512 | €44,061 | +€181,573 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.