Ab Watt: 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.
Ab Watt
Largest movements
- Receivables within one year -€15,824
down €15,824 (-89.8%), from €17,619 to €1,795
of which Trade receivables: -€10,210
- Deferred charges and accrued income -€4,291
down €4,291 (-47.1%), from €9,111 to €4,821
- Cash +€3,757
up €3,757 (+15.3%), from €24,563 to €28,320
mainly Receivables within one year (+€15,824) and Deferred charges and accrued income (+€4,291)
- Tangible fixed assets -€579
down €579 (-50.8%), from €1,139 to €560
- Other debts -€5,312
down €5,312 (-47.4%), from €11,208 to €5,897
- Tax, wage and social debts -€4,299
down €4,299 (-82.2%), from €5,228 to €929
- Profit (loss) carried forward -€3,698
down €3,698 (-17.6%), from €21,041 to €17,343
- Trade debts -€3,128
down €3,128 (-39.3%), from €7,955 to €4,827
- Gross operating margin -€15,149
down €15,149 (-71.4%), from €21,219 to €6,070
- Other operating charges -€2,703
down €2,703 (-88.1%), from €3,067 to €364
- Taxes -€2,314
down €2,314 (-61.8%), from €3,743 to €1,429
- Depreciation -€667
down €667 (-53.5%), from €1,246 to €579
- Financial charges -€516
down €516 (-16.2%), from €3,182 to €2,666
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 | €52,433 | €35,496 | -€16,936 | -32.3% |
| Fixed assets | 21/28 | €1,139 | €560 | -€579 | -50.8% |
| Tangible fixed assets | 22/27 | €1,139 | €560 | -€579 | -50.8% |
| Furniture and vehicles | 24 | €1,139 | €560 | -€579 | -50.8% |
| Current assets | 29/58 | €51,293 | €34,936 | -€16,357 | -31.9% |
| Amounts receivable within one year | 40/41 | €17,619 | €1,795 | -€15,824 | -89.8% |
| Trade receivables | 40 | €11,240 | €1,030 | -€10,210 | -90.8% |
| Other amounts receivable | 41 | €6,379 | €764 | -€5,614 | -88.0% |
| Cash at bank and in hand | 54/58 | €24,563 | €28,320 | +€3,757 | +15.3% |
| Deferred charges and accrued income | 490/1 | €9,111 | €4,821 | -€4,291 | -47.1% |
| Total equity and liabilities | 10/49 | €52,433 | €35,496 | -€16,936 | -32.3% |
| Equity | 10/15 | €27,541 | €23,843 | -€3,698 | -13.4% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,041 | €17,343 | -€3,698 | -17.6% |
| Amounts payable | 17/49 | €24,891 | €11,653 | -€13,239 | -53.2% |
| Amounts payable within one year | 42/48 | €24,891 | €11,653 | -€13,239 | -53.2% |
| Trade debts | 44 | €7,955 | €4,827 | -€3,128 | -39.3% |
| Suppliers | 440/4 | €7,955 | €4,827 | -€3,128 | -39.3% |
| Advances received on contracts in progress | 46 | €500 | €0 | -€500 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,228 | €929 | -€4,299 | -82.2% |
| Taxes | 450/3 | €5,228 | €929 | -€4,299 | -82.2% |
| Other amounts payable | 47/48 | €11,208 | €5,897 | -€5,312 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,246 | €579 | -€667 | -53.5% |
| Other operating charges | 640/8 | €3,067 | €364 | -€2,703 | -88.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €21,219 | €6,070 | -€15,149 | -71.4% |
| Operating profit (loss) | 9901 | €16,905 | €5,126 | -€11,779 | -69.7% |
| Financial income | 75/76B | €16 | €271 | +€255 | +1609.0% |
| Recurring financial income | 75 | €16 | €271 | +€255 | +1609.0% |
| Financial charges | 65/66B | €3,182 | €2,666 | -€516 | -16.2% |
| Recurring financial charges | 65 | €3,182 | €2,666 | -€516 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €13,739 | €2,731 | -€11,008 | -80.1% |
| Income taxes | 67/77 | €3,743 | €1,429 | -€2,314 | -61.8% |
| Profit (loss) for the period | 9904 | €9,996 | €1,302 | -€8,694 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,996 | €1,302 | -€8,694 | -87.0% |
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 10 October 2026 via checked.be.