West Renova: what changed
West Renova
Largest movements
- Receivables within one year -€119,419
down €119,419 (-100%), from €119,419 to €0
- Cash -€17,441
down €17,441 (-95.7%), from €18,219 to €779
mainly Short-term financial debts (-€119,087) and Stocks and contracts (-€12,544)
- Stocks and contracts +€12,544
up €12,544 (+3.8%), from €331,166 to €343,710
- Short-term financial debts -€119,087
down €119,087 (-56.7%), from €210,000 to €90,913
- Profit (loss) carried forward -€10,225
down €10,225 (-12.6%), from -€81,317 to -€91,541
- Other debts +€7,400
new in 2025: €7,400
- Gross operating margin -€4,062
down €4,062 (-111%), from -€3,644 to -€7,706
- Other operating charges -€1,026
down €1,026 (-47.2%), from €2,174 to €1,148
- Financial charges -€300
down €300 (-17.9%), from €1,671 to €1,372
- Financial income -€149
down €149 (-98.9%), from €151 to €2
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €469,138 | €344,625 | -€124,513 | -26.5% |
| Current assets | 29/58 | €469,138 | €344,625 | -€124,513 | -26.5% |
| Stocks and contracts in progress | 3 | €331,166 | €343,710 | +€12,544 | +3.8% |
| Stocks | 30/36 | €331,166 | €343,710 | +€12,544 | +3.8% |
| Amounts receivable within one year | 40/41 | €119,419 | €0 | -€119,419 | -100% |
| Other amounts receivable | 41 | €119,419 | €0 | -€119,419 | -100% |
| Cash at bank and in hand | 54/58 | €18,219 | €779 | -€17,441 | -95.7% |
| Deferred charges and accrued income | 490/1 | €333 | €136 | -€197 | -59.2% |
| Total equity and liabilities | 10/49 | €469,138 | €344,625 | -€124,513 | -26.5% |
| Equity | 10/15 | -€78,817 | -€89,041 | -€10,225 | -13.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€81,317 | -€91,541 | -€10,225 | -12.6% |
| Amounts payable | 17/49 | €547,955 | €433,666 | -€114,289 | -20.9% |
| Amounts payable after more than one year | 17 | €334,530 | €334,530 | = | 0.0% |
| Financial debts | 170/4 | €334,530 | €334,530 | = | 0.0% |
| Amounts payable within one year | 42/48 | €213,424 | €99,135 | -€114,289 | -53.6% |
| Financial debts | 43 | €210,000 | €90,913 | -€119,087 | -56.7% |
| Credit institutions | 430/8 | €210,000 | €90,913 | -€119,087 | -56.7% |
| Trade debts | 44 | €3,424 | €822 | -€2,602 | -76.0% |
| Suppliers | 440/4 | €3,424 | €822 | -€2,602 | -76.0% |
| Other amounts payable | 47/48 | - | €7,400 | +€7,400 | |
| Other operating charges | 640/8 | €2,174 | €1,148 | -€1,026 | -47.2% |
| Non-recurring operating charges | 66A | €59,307 | €0 | -€59,307 | -100% |
| Gross operating margin | 9900 | -€3,644 | -€7,706 | -€4,062 | -111% |
| Operating profit (loss) | 9901 | -€65,126 | -€8,855 | +€56,271 | +86.4% |
| Financial income | 75/76B | €151 | €2 | -€149 | -98.9% |
| Recurring financial income | 75 | €151 | €2 | -€149 | -98.9% |
| Financial charges | 65/66B | €1,671 | €1,372 | -€300 | -17.9% |
| Recurring financial charges | 65 | €1,671 | €1,372 | -€300 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€66,646 | -€10,225 | +€56,422 | +84.7% |
| Profit (loss) for the period | 9904 | -€66,646 | -€10,225 | +€56,422 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,646 | -€10,225 | +€56,422 | +84.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.