Y West: 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.
Y West
Largest movements
- Receivables within one year +€100,631
up €100,631 (+273%), from €36,820 to €137,451
of which Other amounts receivable: +€125,631
- Cash +€82,642
up €82,642 (+475%), from €17,385 to €100,028
mainly Debts after one year (+€1.6m) and Net result for the year (+€518,022)
- Short-term financial debts -€2.4m
no longer reported in 2025 (was €2.4m)
- Debts after one year +€1.6m
up €1.6m (+65.2%), from €2.5m to €4.1m
- Profit (loss) carried forward +€418,022
up €418,022, from -€53,417 to €364,604
- Other debts +€268,109
up €268,109 (+1,027%), from €26,100 to €294,209
- Reserves +€100,000
up €100,000 (+1,583%), from €6,316 to €106,316
of which Non-distributable reserves: +€100,000
- Financial income +€500,255
new in 2025: €500,255
- Gross operating margin +€177,685
up €177,685, from -€41,105 to €136,580
- Financial charges +€99,466
up €99,466 (+1,120%), from €8,882 to €108,348
- Taxes +€10,000
new in 2025: €10,000
- Other operating charges -€1,527
down €1,527 (-85.3%), from €1,791 to €264
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 | €5,061,706 | €5,243,388 | +€181,683 | +3.6% |
| Fixed assets | 21/28 | €5,000,000 | €5,000,909 | +€909 | 0.0% |
| Tangible fixed assets | 22/27 | - | €909 | +€909 | |
| Furniture and vehicles | 24 | - | €909 | +€909 | |
| Financial fixed assets | 28 | €5,000,000 | €5,000,000 | = | 0.0% |
| Current assets | 29/58 | €61,706 | €242,479 | +€180,774 | +293% |
| Amounts receivable within one year | 40/41 | €36,820 | €137,451 | +€100,631 | +273% |
| Trade receivables | 40 | €25,000 | €1 | -€24,999 | -100.0% |
| Other amounts receivable | 41 | €11,820 | €137,451 | +€125,631 | +1,063% |
| Cash at bank and in hand | 54/58 | €17,385 | €100,028 | +€82,642 | +475% |
| Deferred charges and accrued income | 490/1 | €7,500 | €5,000 | -€2,500 | -33.3% |
| Total equity and liabilities | 10/49 | €5,061,706 | €5,243,388 | +€181,683 | +3.6% |
| Equity | 10/15 | -€44,602 | €473,420 | +€518,022 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €6,316 | €106,316 | +€100,000 | +1,583% |
| Non-distributable reserves | 130/1 | - | €100,000 | +€100,000 | |
| Reserves not available under the articles | 1311 | - | €100,000 | +€100,000 | |
| Distributable reserves | 133 | €6,316 | €6,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,417 | €364,604 | +€418,022 | |
| Amounts payable | 17/49 | €5,106,307 | €4,769,969 | -€336,339 | -6.6% |
| Amounts payable after more than one year | 17 | €2,499,137 | €4,129,077 | +€1.6m | +65.2% |
| Financial debts | 170/4 | €2,499,137 | €4,129,077 | +€1.6m | +65.2% |
| Amounts payable within one year | 42/48 | €2,607,170 | €600,547 | -€2.0m | -77.0% |
| Current portion of amounts payable after more than one year | 42 | €212,863 | €238,071 | +€25,208 | +11.8% |
| Financial debts | 43 | €2,350,000 | - | -€2.4m | |
| Credit institutions | 430/8 | €2,350,000 | - | -€2.4m | |
| Trade debts | 44 | €17,998 | €23,526 | +€5,528 | +30.7% |
| Suppliers | 440/4 | €17,998 | €23,526 | +€5,528 | +30.7% |
| Advances received on contracts in progress | 46 | - | €30,250 | +€30,250 | |
| Taxes, remuneration and social security | 45 | €209 | €14,492 | +€14,282 | +6,822% |
| Taxes | 450/3 | €209 | €14,492 | +€14,282 | +6,822% |
| Other amounts payable | 47/48 | €26,100 | €294,209 | +€268,109 | +1,027% |
| Accrued charges and deferred income | 492/3 | - | €40,345 | +€40,345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,639 | €201 | -€1,439 | -87.8% |
| Other operating charges | 640/8 | €1,791 | €264 | -€1,527 | -85.3% |
| Gross operating margin | 9900 | -€41,105 | €136,580 | +€177,685 | |
| Operating profit (loss) | 9901 | -€44,535 | €136,115 | +€180,650 | |
| Financial income | 75/76B | - | €500,255 | +€500,255 | |
| Recurring financial income | 75 | - | €500,255 | +€500,255 | |
| Financial charges | 65/66B | €8,882 | €108,348 | +€99,466 | +1,120% |
| Recurring financial charges | 65 | €8,882 | €108,348 | +€99,466 | +1,120% |
| Profit (loss) for the period before taxes | 9903 | -€53,417 | €528,022 | +€581,439 | |
| Income taxes | 67/77 | - | €10,000 | +€10,000 | |
| Profit (loss) for the period | 9904 | -€53,417 | €518,022 | +€571,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,417 | €518,022 | +€571,439 |
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 20 October 2026 via checked.be.