BWATT: 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.
BWATT
Largest movements
- Tangible fixed assets -€9,929
down €9,929 (-39.6%), from €25,093 to €15,164
of which Furniture and vehicles: -€8,293
- Cash -€9,736
down €9,736 (-71.9%), from €13,548 to €3,812
mainly Other debts (-€20,065) and Debts after one year (-€5,590)
- Receivables within one year -€5,008
down €5,008 (-73.0%), from €6,864 to €1,856
of which Trade receivables: -€4,272
- Other debts -€20,065
down €20,065 (-62.0%), from €32,346 to €12,281
- Debts after one year -€5,590
down €5,590 (-36.3%), from €15,409 to €9,819
- Tax, wage and social debts +€3,632
up €3,632 (+119.7%), from €3,035 to €6,667
- Profit (loss) carried forward -€2,806
down €2,806 (-15.6%), from -€18,001 to -€20,807
- Gross operating margin +€22,482
up €22,482, from -€13,990 to €8,492
- Depreciation +€4,787
up €4,787 (+93.1%), from €5,142 to €9,929
- Financial charges -€800
down €800 (-52.3%), from €1,530 to €730
- Other operating charges -€261
down €261 (-27.7%), from €943 to €682
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 | €45,505 | €20,864 | -€24,640 | -54.1% |
| Fixed assets | 21/28 | €25,093 | €15,164 | -€9,929 | -39.6% |
| Tangible fixed assets | 22/27 | €25,093 | €15,164 | -€9,929 | -39.6% |
| Plant, machinery and equipment | 23 | €2,367 | €731 | -€1,636 | -69.1% |
| Furniture and vehicles | 24 | €22,726 | €14,433 | -€8,293 | -36.5% |
| Current assets | 29/58 | €20,412 | €5,701 | -€14,711 | -72.1% |
| Amounts receivable within one year | 40/41 | €6,864 | €1,856 | -€5,008 | -73.0% |
| Trade receivables | 40 | €6,127 | €1,856 | -€4,272 | -69.7% |
| Other amounts receivable | 41 | €737 | - | -€737 | |
| Cash at bank and in hand | 54/58 | €13,548 | €3,812 | -€9,736 | -71.9% |
| Deferred charges and accrued income | 490/1 | - | €33 | +€33 | |
| Total equity and liabilities | 10/49 | €45,505 | €20,864 | -€24,640 | -54.1% |
| Equity | 10/15 | -€13,001 | -€15,807 | -€2,806 | -21.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,001 | -€20,807 | -€2,806 | -15.6% |
| Amounts payable | 17/49 | €58,506 | €36,671 | -€21,835 | -37.3% |
| Amounts payable after more than one year | 17 | €15,409 | €9,819 | -€5,590 | -36.3% |
| Financial debts | 170/4 | €15,409 | €9,819 | -€5,590 | -36.3% |
| Amounts payable within one year | 42/48 | €43,097 | €26,853 | -€16,245 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €5,375 | €5,590 | +€215 | +4.0% |
| Trade debts | 44 | €2,341 | €2,314 | -€27 | -1.1% |
| Suppliers | 440/4 | €2,341 | €2,314 | -€27 | -1.1% |
| Taxes, remuneration and social security | 45 | €3,035 | €6,667 | +€3,632 | +119.7% |
| Taxes | 450/3 | €3,035 | €6,667 | +€3,632 | +119.7% |
| Other amounts payable | 47/48 | €32,346 | €12,281 | -€20,065 | -62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,142 | €9,929 | +€4,787 | +93.1% |
| Other operating charges | 640/8 | €943 | €682 | -€261 | -27.7% |
| Gross operating margin | 9900 | -€13,990 | €8,492 | +€22,482 | |
| Operating profit (loss) | 9901 | -€20,076 | -€2,119 | +€17,957 | +89.4% |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | €1,530 | €730 | -€800 | -52.3% |
| Recurring financial charges | 65 | €1,530 | €730 | -€800 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,606 | -€2,806 | +€18,800 | +87.0% |
| Profit (loss) for the period | 9904 | -€21,606 | -€2,806 | +€18,800 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,606 | -€2,806 | +€18,800 | +87.0% |
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.