West Tower: 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 Tower
Largest movements
- Tangible fixed assets -€88,971
down €88,971 (-3.3%), from €2.7m to €2.6m
- Debts after one year -€92,660
down €92,660 (-3.6%), from €2.6m to €2.5m
- Trade debts -€45,032
down €45,032 (-65.7%), from €68,535 to €23,503
- Profit (loss) carried forward +€33,238
up €33,238, from -€33,231 to €7
- Gross operating margin +€149,854
up €149,854 (+200.7%), from €74,654 to €224,508
- Depreciation +€49,779
up €49,779 (+127.0%), from €39,192 to €88,971
- Financial charges +€33,711
up €33,711 (+49.5%), from €68,039 to €101,750
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 | €2,755,526 | €2,659,203 | -€96,324 | -3.5% |
| Fixed assets | 21/28 | €2,735,477 | €2,646,506 | -€88,971 | -3.3% |
| Tangible fixed assets | 22/27 | €2,735,477 | €2,646,506 | -€88,971 | -3.3% |
| Land and buildings | 22 | €2,735,477 | €2,646,506 | -€88,971 | -3.3% |
| Current assets | 29/58 | €20,050 | €12,697 | -€7,352 | -36.7% |
| Cash at bank and in hand | 54/58 | €19,955 | €11,896 | -€8,059 | -40.4% |
| Deferred charges and accrued income | 490/1 | €95 | €801 | +€707 | +744.8% |
| Total equity and liabilities | 10/49 | €2,755,526 | €2,659,203 | -€96,324 | -3.5% |
| Equity | 10/15 | -€13,231 | €20,007 | +€33,238 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,231 | €7 | +€33,238 | |
| Amounts payable | 17/49 | €2,768,757 | €2,639,196 | -€129,562 | -4.7% |
| Amounts payable after more than one year | 17 | €2,588,988 | €2,496,328 | -€92,660 | -3.6% |
| Financial debts | 170/4 | €2,588,988 | €2,496,328 | -€92,660 | -3.6% |
| Amounts payable within one year | 42/48 | €179,769 | €142,868 | -€36,902 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €89,227 | €92,660 | +€3,434 | +3.8% |
| Trade debts | 44 | €68,535 | €23,503 | -€45,032 | -65.7% |
| Suppliers | 440/4 | €68,535 | €23,503 | -€45,032 | -65.7% |
| Taxes, remuneration and social security | 45 | €4,130 | €6,154 | +€2,024 | +49.0% |
| Taxes | 450/3 | €4,130 | €6,154 | +€2,024 | +49.0% |
| Other amounts payable | 47/48 | €17,878 | €20,551 | +€2,673 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,192 | €88,971 | +€49,779 | +127.0% |
| Other operating charges | 640/8 | €925 | €549 | -€376 | -40.7% |
| Gross operating margin | 9900 | €74,654 | €224,508 | +€149,854 | +200.7% |
| Operating profit (loss) | 9901 | €34,537 | €134,988 | +€100,451 | +290.9% |
| Financial income | 75/76B | €271 | €0 | -€271 | -100.0% |
| Recurring financial income | 75 | €271 | €0 | -€271 | -100.0% |
| Financial charges | 65/66B | €68,039 | €101,750 | +€33,711 | +49.5% |
| Recurring financial charges | 65 | €68,039 | €101,750 | +€33,711 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | -€33,231 | €33,238 | +€66,469 | |
| Profit (loss) for the period | 9904 | -€33,231 | €33,238 | +€66,469 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,231 | €33,238 | +€66,469 |
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 9 October 2026 via checked.be.