BRIDGEWATER: 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.
BRIDGEWATER
Largest movements
- Cash +€43,764
new in 2025: €43,764
mainly Net result for the year (+€107,337) and Other debts (+€11,927)
- Tangible fixed assets +€5,631
up €5,631 (+1.3%), from €432,907 to €438,538
of which Plant, machinery and equipment: +€5,631
- Profit (loss) carried forward +€35,909
up €35,909 (+16.1%), from €222,410 to €258,319
- Other debts +€11,927
up €11,927 (+29.5%), from €40,433 to €52,360
- Gross operating margin -€29,645
down €29,645 (-15.6%), from €190,135 to €160,490
- Taxes -€28,125
down €28,125 (-43.0%), from €65,430 to €37,305
- Other operating charges -€2,239
down €2,239 (-12.9%), from €17,311 to €15,072
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 | €436,218 | €485,641 | +€49,424 | +11.3% |
| Fixed assets | 21/28 | €433,204 | €438,835 | +€5,631 | +1.3% |
| Tangible fixed assets | 22/27 | €432,907 | €438,538 | +€5,631 | +1.3% |
| Land and buildings | 22 | €432,907 | €432,907 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €5,631 | +€5,631 | |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €3,013 | €46,806 | +€43,793 | +1453.3% |
| Cash at bank and in hand | 54/58 | - | €43,764 | +€43,764 | |
| Deferred charges and accrued income | 490/1 | €3,013 | €3,042 | +€29 | +0.9% |
| Total equity and liabilities | 10/49 | €436,218 | €485,641 | +€49,424 | +11.3% |
| Equity | 10/15 | €369,932 | €405,841 | +€35,909 | +9.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €47,523 | €47,523 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,178 | €12,178 | = | 0.0% |
| Legal reserve | 130 | €12,178 | €12,178 | = | 0.0% |
| Distributable reserves | 133 | €35,344 | €35,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,410 | €258,319 | +€35,909 | +16.1% |
| Amounts payable | 17/49 | €66,285 | €79,800 | +€13,515 | +20.4% |
| Amounts payable within one year | 42/48 | €66,285 | €79,800 | +€13,515 | +20.4% |
| Financial debts | 43 | €2,080 | - | -€2,080 | |
| Credit institutions | 430/8 | €2,080 | - | -€2,080 | |
| Taxes, remuneration and social security | 45 | €23,772 | €27,440 | +€3,668 | +15.4% |
| Taxes | 450/3 | €23,772 | €27,440 | +€3,668 | +15.4% |
| Other amounts payable | 47/48 | €40,433 | €52,360 | +€11,927 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €323 | +€323 | |
| Other operating charges | 640/8 | €17,311 | €15,072 | -€2,239 | -12.9% |
| Gross operating margin | 9900 | €190,135 | €160,490 | -€29,645 | -15.6% |
| Operating profit (loss) | 9901 | €172,823 | €145,095 | -€27,728 | -16.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,313 | €452 | -€861 | -65.6% |
| Recurring financial charges | 65 | €1,313 | €452 | -€861 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €171,510 | €144,642 | -€26,868 | -15.7% |
| Income taxes | 67/77 | €65,430 | €37,305 | -€28,125 | -43.0% |
| Profit (loss) for the period | 9904 | €106,080 | €107,337 | +€1,257 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €106,080 | €107,337 | +€1,257 | +1.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.