BC WATERLOO: 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.
BC WATERLOO
Largest movements
- Cash +€66,785
up €66,785 (+338.8%), from €19,710 to €86,495
mainly Trade debts (+€61,774) and Receivables within one year (+€25,108)
- Receivables within one year -€25,108
down €25,108 (-66.7%), from €37,663 to €12,555
of which Trade receivables: -€35,730
- Tangible fixed assets -€8,264
down €8,264 (-26.1%), from €31,675 to €23,411
of which Furniture and vehicles: -€4,800
- Trade debts +€61,774
up €61,774 (+87.0%), from €70,979 to €132,752
- Profit (loss) carried forward -€37,613
down €37,613 (-66.1%), from -€56,899 to -€94,512
- Other debts +€8,522
up €8,522 (+16.3%), from €52,380 to €60,902
- Gross operating margin +€11,469
up €11,469 (+37.5%), from €30,600 to €42,070
- Staff costs -€7,114
down €7,114 (-9.8%), from €72,565 to €65,450
- Other operating charges +€1,985
up €1,985 (+66.0%), from €3,009 to €4,993
- Depreciation -€1,382
down €1,382 (-14.3%), from €9,647 to €8,264
- Financial charges -€1,304
down €1,304 (-57.2%), from €2,279 to €974
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 | €89,613 | €122,824 | +€33,211 | +37.1% |
| Fixed assets | 21/28 | €31,675 | €23,411 | -€8,264 | -26.1% |
| Tangible fixed assets | 22/27 | €31,675 | €23,411 | -€8,264 | -26.1% |
| Plant, machinery and equipment | 23 | €13,278 | €9,814 | -€3,464 | -26.1% |
| Furniture and vehicles | 24 | €18,397 | €13,597 | -€4,800 | -26.1% |
| Current assets | 29/58 | €57,938 | €99,413 | +€41,476 | +71.6% |
| Amounts receivable within one year | 40/41 | €37,663 | €12,555 | -€25,108 | -66.7% |
| Trade receivables | 40 | €36,021 | €291 | -€35,730 | -99.2% |
| Other amounts receivable | 41 | €1,642 | €12,264 | +€10,623 | +647.1% |
| Cash at bank and in hand | 54/58 | €19,710 | €86,495 | +€66,785 | +338.8% |
| Deferred charges and accrued income | 490/1 | €564 | €363 | -€201 | -35.7% |
| Total equity and liabilities | 10/49 | €89,613 | €122,824 | +€33,211 | +37.1% |
| Equity | 10/15 | -€46,899 | -€84,512 | -€37,613 | -80.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,899 | -€94,512 | -€37,613 | -66.1% |
| Amounts payable | 17/49 | €136,512 | €207,336 | +€70,824 | +51.9% |
| Amounts payable within one year | 42/48 | €136,512 | €207,336 | +€70,824 | +51.9% |
| Trade debts | 44 | €70,979 | €132,752 | +€61,774 | +87.0% |
| Suppliers | 440/4 | €70,979 | €132,752 | +€61,774 | +87.0% |
| Taxes, remuneration and social security | 45 | €13,152 | €13,681 | +€529 | +4.0% |
| Taxes | 450/3 | €2,140 | €1,965 | -€175 | -8.2% |
| Remuneration and social security | 454/9 | €11,012 | €11,716 | +€704 | +6.4% |
| Other amounts payable | 47/48 | €52,380 | €60,902 | +€8,522 | +16.3% |
| Remuneration, social security and pensions | 62 | €72,565 | €65,450 | -€7,114 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,647 | €8,264 | -€1,382 | -14.3% |
| Other operating charges | 640/8 | €3,009 | €4,993 | +€1,985 | +66.0% |
| Gross operating margin | 9900 | €30,600 | €42,070 | +€11,469 | +37.5% |
| Operating profit (loss) | 9901 | -€54,620 | -€36,639 | +€17,981 | +32.9% |
| Financial charges | 65/66B | €2,279 | €974 | -€1,304 | -57.2% |
| Recurring financial charges | 65 | €2,279 | €974 | -€1,304 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | -€56,899 | -€37,613 | +€19,286 | +33.9% |
| Profit (loss) for the period | 9904 | -€56,899 | -€37,613 | +€19,286 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,899 | -€37,613 | +€19,286 | +33.9% |
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 12 October 2026 via checked.be.