AWATER: 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.
AWATER
Largest movements
- Current investments -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Cash +€42,452
up €42,452 (+60.0%), from €70,709 to €113,160
mainly Current investments (+€60,000) and Net result for the year (+€33,136)
- Receivables within one year +€26,158
up €26,158 (+107.2%), from €24,396 to €50,554
of which Trade receivables: +€24,248
- Tangible fixed assets +€15,597
up €15,597 (+41.1%), from €37,963 to €53,560
of which Leasing and similar rights: +€13,227
- Stocks and contracts -€5,581
down €5,581 (-10.7%), from €52,187 to €46,606
- Reserves +€33,136
up €33,136 (+22.7%), from €146,244 to €179,380
- Tax, wage and social debts -€31,464
down €31,464 (-58.9%), from €53,431 to €21,967
- Debts after one year +€12,299
up €12,299 (+66.0%), from €18,635 to €30,933
- Trade debts +€4,449
up €4,449 (+28.8%), from €15,467 to €19,916
- Gross operating margin -€177,498
down €177,498 (-77.0%), from €230,463 to €52,966
- Taxes -€34,149
down €34,149 (-81.0%), from €42,149 to €8,000
- Staff costs -€20,311
down €20,311 (-97.2%), from €20,889 to €579
- Depreciation -€9,043
down €9,043 (-76.8%), from €11,768 to €2,725
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 | €250,204 | €267,293 | +€17,089 | +6.8% |
| Fixed assets | 21/28 | €37,963 | €53,560 | +€15,597 | +41.1% |
| Tangible fixed assets | 22/27 | €37,963 | €53,560 | +€15,597 | +41.1% |
| Plant, machinery and equipment | 23 | €3,905 | €6,064 | +€2,159 | +55.3% |
| Furniture and vehicles | 24 | €1,633 | €1,845 | +€212 | +13.0% |
| Leasing and similar rights | 25 | €32,425 | €45,652 | +€13,227 | +40.8% |
| Current assets | 29/58 | €212,241 | €213,733 | +€1,491 | +0.7% |
| Stocks and contracts in progress | 3 | €52,187 | €46,606 | -€5,581 | -10.7% |
| Stocks | 30/36 | €52,187 | €46,606 | -€5,581 | -10.7% |
| Amounts receivable within one year | 40/41 | €24,396 | €50,554 | +€26,158 | +107.2% |
| Trade receivables | 40 | €24,396 | €48,644 | +€24,248 | +99.4% |
| Other amounts receivable | 41 | - | €1,910 | +€1,910 | |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €70,709 | €113,160 | +€42,452 | +60.0% |
| Deferred charges and accrued income | 490/1 | €4,950 | €3,413 | -€1,537 | -31.1% |
| Total equity and liabilities | 10/49 | €250,204 | €267,293 | +€17,089 | +6.8% |
| Equity | 10/15 | €151,244 | €184,380 | +€33,136 | +21.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €146,244 | €179,380 | +€33,136 | +22.7% |
| Distributable reserves | 133 | €146,244 | €179,380 | +€33,136 | +22.7% |
| Amounts payable | 17/49 | €98,960 | €82,913 | -€16,048 | -16.2% |
| Amounts payable after more than one year | 17 | €18,635 | €30,933 | +€12,299 | +66.0% |
| Financial debts | 170/4 | €18,635 | €30,933 | +€12,299 | +66.0% |
| Amounts payable within one year | 42/48 | €80,326 | €51,979 | -€28,346 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €9,483 | €9,930 | +€447 | +4.7% |
| Financial debts | 43 | - | €56 | +€56 | |
| Credit institutions | 430/8 | - | €56 | +€56 | |
| Trade debts | 44 | €15,467 | €19,916 | +€4,449 | +28.8% |
| Suppliers | 440/4 | €15,467 | €19,916 | +€4,449 | +28.8% |
| Advances received on contracts in progress | 46 | - | €111 | +€111 | |
| Taxes, remuneration and social security | 45 | €53,431 | €21,967 | -€31,464 | -58.9% |
| Taxes | 450/3 | €53,431 | €21,967 | -€31,464 | -58.9% |
| Other amounts payable | 47/48 | €1,945 | €0 | -€1,945 | -100.0% |
| Remuneration, social security and pensions | 62 | €20,889 | €579 | -€20,311 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,768 | €2,725 | -€9,043 | -76.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €202 | +€202 | |
| Other operating charges | 640/8 | €1,892 | €1,241 | -€651 | -34.4% |
| Non-recurring operating charges | 66A | €3,190 | €5,705 | +€2,515 | +78.8% |
| Gross operating margin | 9900 | €230,463 | €52,966 | -€177,498 | -77.0% |
| Operating profit (loss) | 9901 | €192,724 | €42,514 | -€150,211 | -77.9% |
| Financial income | 75/76B | €117 | €1,166 | +€1,049 | +898.2% |
| Recurring financial income | 75 | €117 | €1,166 | +€1,049 | +898.2% |
| Financial charges | 65/66B | €4,449 | €2,543 | -€1,905 | -42.8% |
| Recurring financial charges | 65 | €4,449 | €2,543 | -€1,905 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €188,392 | €41,137 | -€147,256 | -78.2% |
| Income taxes | 67/77 | €42,149 | €8,000 | -€34,149 | -81.0% |
| Profit (loss) for the period | 9904 | €146,244 | €33,136 | -€113,107 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €146,244 | €33,136 | -€113,107 | -77.3% |
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 4 October 2026 via checked.be.