WESTIMMO: 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.
WESTIMMO
Largest movements
- Tangible fixed assets -€224,005
down €224,005 (-34.8%), from €643,678 to €419,672
- Receivables after one year -€52,122
down €52,122 (-98.1%), from €53,122 to €1,000
- Cash +€42,192
up €42,192 (+906.9%), from €4,652 to €46,844
mainly Investment in fixed assets (net) (+€208,592) and Receivables after one year (+€52,122)
- Debts after one year -€259,623
down €259,623 (-50.3%), from €515,640 to €256,017
of which Financial debts: -€259,623
- Profit (loss) carried forward +€39,785
up €39,785, from -€30,059 to €9,726
- Trade debts -€13,886
down €13,886 (-83.5%), from €16,631 to €2,745
- Gross operating margin +€42,022
up €42,022 (+116.2%), from €36,159 to €78,181
- Provisions -€6,378
down €6,378, from €5,454 to -€925
- Depreciation -€5,991
down €5,991 (-28.0%), from €21,404 to €15,413
- Taxes +€1,412
new in 2025: €1,412
- Other operating charges +€978
up €978 (+29.5%), from €3,320 to €4,298
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 | €714,439 | €479,082 | -€235,357 | -32.9% |
| Fixed assets | 21/28 | €644,428 | €420,422 | -€224,005 | -34.8% |
| Tangible fixed assets | 22/27 | €643,678 | €419,672 | -€224,005 | -34.8% |
| Land and buildings | 22 | €643,678 | €419,672 | -€224,005 | -34.8% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €70,011 | €58,659 | -€11,352 | -16.2% |
| Amounts receivable after more than one year | 29 | €53,122 | €1,000 | -€52,122 | -98.1% |
| Other amounts receivable | 291 | €53,122 | €1,000 | -€52,122 | -98.1% |
| Amounts receivable within one year | 40/41 | €5,746 | €6,220 | +€474 | +8.2% |
| Trade receivables | 40 | €5,433 | €6,124 | +€691 | +12.7% |
| Other amounts receivable | 41 | €312 | €95 | -€217 | -69.5% |
| Cash at bank and in hand | 54/58 | €4,652 | €46,844 | +€42,192 | +906.9% |
| Deferred charges and accrued income | 490/1 | €6,492 | €4,596 | -€1,896 | -29.2% |
| Total equity and liabilities | 10/49 | €714,439 | €479,082 | -€235,357 | -32.9% |
| Equity | 10/15 | €134,941 | €174,726 | +€39,785 | +29.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,059 | €9,726 | +€39,785 | |
| Provisions and deferred taxes | 16 | €5,454 | €4,529 | -€925 | -17.0% |
| Provisions for liabilities and charges | 160/5 | €5,454 | €4,529 | -€925 | -17.0% |
| Other liabilities and charges | 164/5 | €5,454 | €4,529 | -€925 | -17.0% |
| Amounts payable | 17/49 | €574,045 | €299,827 | -€274,218 | -47.8% |
| Amounts payable after more than one year | 17 | €515,640 | €256,017 | -€259,623 | -50.3% |
| Financial debts | 170/4 | €512,015 | €252,392 | -€259,623 | -50.7% |
| Other amounts payable | 178/9 | €3,625 | €3,625 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,647 | €29,889 | -€14,758 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €28,016 | €25,733 | -€2,284 | -8.2% |
| Trade debts | 44 | €16,631 | €2,745 | -€13,886 | -83.5% |
| Suppliers | 440/4 | €16,631 | €2,745 | -€13,886 | -83.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €1,412 | +€1,412 | |
| Taxes | 450/3 | €0 | €1,412 | +€1,412 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €13,757 | €13,921 | +€163 | +1.2% |
| Non-recurring operating income | 76A | - | €65,161 | +€65,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,404 | €15,413 | -€5,991 | -28.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,454 | -€925 | -€6,378 | |
| Other operating charges | 640/8 | €3,320 | €4,298 | +€978 | +29.5% |
| Gross operating margin | 9900 | €36,159 | €78,181 | +€42,022 | +116.2% |
| Operating profit (loss) | 9901 | €5,982 | €59,395 | +€53,413 | +892.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €17,698 | €18,200 | +€502 | +2.8% |
| Recurring financial charges | 65 | €17,698 | €18,200 | +€502 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,716 | €41,197 | +€52,913 | |
| Income taxes | 67/77 | - | €1,412 | +€1,412 | |
| Profit (loss) for the period | 9904 | -€11,716 | €39,785 | +€51,502 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,716 | €39,785 | +€51,502 |
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.