ALL WATERS: 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.
ALL WATERS
Largest movements
- Cash +€23,534
up €23,534 (+145%), from €16,178 to €39,712
mainly Net result for the year (+€60,593) and Other debts (+€30,243)
- Receivables within one year +€22,302
up €22,302 (+3,581%), from €623 to €22,925
of which Other amounts receivable: +€22,322
- Tangible fixed assets +€1,308
new in 2025: €1,308
- Other debts +€30,243
up €30,243 (+287%), from €10,529 to €40,772
- Profit (loss) carried forward +€16,618
up €16,618, from -€16,618 to €0
- Advances received -€12,000
down €12,000 (-100%), from €12,000 to €0
- Trade debts +€6,370
up €6,370 (+195%), from €3,269 to €9,640
- Reserves +€3,975
up €3,975 (+214%), from €1,860 to €5,835
of which Distributable reserves: +€5,835
- Gross operating margin +€67,370
up €67,370, from -€3,690 to €63,680
- Taxes +€1,697
new in 2025: €1,697
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 | €17,340 | €64,243 | +€46,903 | +270% |
| Fixed assets | 21/28 | - | €1,308 | +€1,308 | |
| Tangible fixed assets | 22/27 | - | €1,308 | +€1,308 | |
| Furniture and vehicles | 24 | - | €1,308 | +€1,308 | |
| Current assets | 29/58 | €17,340 | €62,935 | +€45,595 | +263% |
| Amounts receivable within one year | 40/41 | €623 | €22,925 | +€22,302 | +3,581% |
| Trade receivables | 40 | €379 | €360 | -€19 | -5.1% |
| Other amounts receivable | 41 | €244 | €22,566 | +€22,322 | +9,148% |
| Cash at bank and in hand | 54/58 | €16,178 | €39,712 | +€23,534 | +145% |
| Deferred charges and accrued income | 490/1 | €539 | €298 | -€241 | -44.8% |
| Total equity and liabilities | 10/49 | €17,340 | €64,243 | +€46,903 | +270% |
| Equity | 10/15 | -€8,458 | €12,135 | +€20,593 | |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €5,835 | +€3,975 | +214% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €5,835 | +€5,835 | |
| Profit (loss) carried forward | 14 | -€16,618 | €0 | +€16,618 | |
| Amounts payable | 17/49 | €25,799 | €52,108 | +€26,309 | +102% |
| Amounts payable within one year | 42/48 | €25,799 | €52,108 | +€26,309 | +102% |
| Trade debts | 44 | €3,269 | €9,640 | +€6,370 | +195% |
| Suppliers | 440/4 | €3,269 | €9,640 | +€6,370 | +195% |
| Advances received on contracts in progress | 46 | €12,000 | €0 | -€12,000 | -100% |
| Taxes, remuneration and social security | 45 | - | €1,697 | +€1,697 | |
| Taxes | 450/3 | - | €1,697 | +€1,697 | |
| Other amounts payable | 47/48 | €10,529 | €40,772 | +€30,243 | +287% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €249 | +€249 | |
| Other operating charges | 640/8 | €62 | €467 | +€405 | +654% |
| Gross operating margin | 9900 | -€3,690 | €63,680 | +€67,370 | |
| Operating profit (loss) | 9901 | -€3,752 | €62,964 | +€66,716 | |
| Financial income | 75/76B | €2 | €141 | +€139 | +8,093% |
| Recurring financial income | 75 | €2 | €141 | +€139 | +8,093% |
| Financial charges | 65/66B | €767 | €815 | +€48 | +6.3% |
| Recurring financial charges | 65 | €767 | €815 | +€48 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,517 | €62,290 | +€66,807 | |
| Income taxes | 67/77 | - | €1,697 | +€1,697 | |
| Profit (loss) for the period | 9904 | -€4,517 | €60,593 | +€65,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,517 | €60,593 | +€65,110 |
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 29 October 2026 via checked.be.