westland immo: 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.
westland immo
Largest movements
- Cash -€117,787
down €117,787 (-51.1%), from €230,614 to €112,827
mainly Advances received (-€83,650) and Receivables within one year (-€31,816)
- Receivables within one year +€31,816
up €31,816 (+89.3%), from €35,618 to €67,434
of which Other amounts receivable: +€18,854
- Tangible fixed assets +€5,220
up €5,220 (+6.9%), from €75,740 to €80,960
of which Furniture and vehicles: +€9,000
- Advances received -€83,650
down €83,650 (-57.0%), from €146,677 to €63,027
- Tax, wage and social debts +€7,685
up €7,685 (+31.0%), from €24,813 to €32,497
of which Taxes: +€6,058
- Trade debts -€5,718
down €5,718 (-64.4%), from €8,877 to €3,159
- Gross operating margin +€12,401
up €12,401 (+29.2%), from €42,440 to €54,842
- Staff costs +€10,111
up €10,111 (+32.8%), from €30,858 to €40,969
- Other operating charges +€2,172
up €2,172 (+102%), from €2,134 to €4,306
- Taxes +€1,054
up €1,054 (+32.0%), from €3,298 to €4,352
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.
Derived cash bridge
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 | €342,784 | €262,222 | -€80,562 | -23.5% |
| Fixed assets | 21/28 | €76,435 | €81,655 | +€5,220 | +6.8% |
| Tangible fixed assets | 22/27 | €75,740 | €80,960 | +€5,220 | +6.9% |
| Land and buildings | 22 | €75,740 | €71,960 | -€3,780 | -5.0% |
| Furniture and vehicles | 24 | - | €9,000 | +€9,000 | |
| Financial fixed assets | 28 | €695 | €695 | = | 0.0% |
| Current assets | 29/58 | €266,349 | €180,567 | -€85,782 | -32.2% |
| Amounts receivable within one year | 40/41 | €35,618 | €67,434 | +€31,816 | +89.3% |
| Trade receivables | 40 | €34,355 | €47,316 | +€12,962 | +37.7% |
| Other amounts receivable | 41 | €1,264 | €20,118 | +€18,854 | +1,492% |
| Cash at bank and in hand | 54/58 | €230,614 | €112,827 | -€117,787 | -51.1% |
| Deferred charges and accrued income | 490/1 | €117 | €306 | +€189 | +162% |
| Total equity and liabilities | 10/49 | €342,784 | €262,222 | -€80,562 | -23.5% |
| Equity | 10/15 | €162,000 | €163,047 | +€1,047 | +0.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €143,408 | €144,455 | +€1,047 | +0.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €141,549 | €142,596 | +€1,047 | +0.7% |
| Amounts payable | 17/49 | €180,784 | €99,175 | -€81,610 | -45.1% |
| Amounts payable within one year | 42/48 | €180,784 | €99,175 | -€81,610 | -45.1% |
| Trade debts | 44 | €8,877 | €3,159 | -€5,718 | -64.4% |
| Suppliers | 440/4 | €8,877 | €3,159 | -€5,718 | -64.4% |
| Advances received on contracts in progress | 46 | €146,677 | €63,027 | -€83,650 | -57.0% |
| Taxes, remuneration and social security | 45 | €24,813 | €32,497 | +€7,685 | +31.0% |
| Taxes | 450/3 | €18,384 | €24,442 | +€6,058 | +33.0% |
| Remuneration and social security | 454/9 | €6,428 | €8,055 | +€1,626 | +25.3% |
| Other amounts payable | 47/48 | €417 | €492 | +€74 | +17.8% |
| Remuneration, social security and pensions | 62 | €30,858 | €40,969 | +€10,111 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,780 | €3,780 | = | 0.0% |
| Other operating charges | 640/8 | €2,134 | €4,306 | +€2,172 | +102% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €42,440 | €54,842 | +€12,401 | +29.2% |
| Operating profit (loss) | 9901 | €5,668 | €5,723 | +€55 | +1.0% |
| Financial income | 75/76B | €575 | €110 | -€465 | -80.8% |
| Recurring financial income | 75 | €575 | €110 | -€465 | -80.8% |
| Financial charges | 65/66B | €307 | €434 | +€127 | +41.2% |
| Recurring financial charges | 65 | €307 | €434 | +€127 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €5,936 | €5,399 | -€537 | -9.0% |
| Income taxes | 67/77 | €3,298 | €4,352 | +€1,054 | +32.0% |
| Profit (loss) for the period | 9904 | €2,638 | €1,047 | -€1,591 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,638 | €1,047 | -€1,591 | -60.3% |
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 21 October 2026 via checked.be.