Care4Water: 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.
Care4Water
Largest movements
- Receivables within one year +€173,525
up €173,525 (+110%), from €158,338 to €331,863
of which Trade receivables: +€128,214
- Tangible fixed assets +€52,239
up €52,239 (+155%), from €33,684 to €85,922
of which Plant, machinery and equipment: +€43,795
- Intangible fixed assets +€46,849
up €46,849 (+3,525%), from €1,329 to €48,178
- Cash -€44,686
down €44,686 (-72.0%), from €62,065 to €17,379
mainly Receivables within one year (-€173,525) and Investment in fixed assets (net) (-€115,826)
- Stocks and contracts +€25,055
up €25,055 (+6.7%), from €375,179 to €400,234
- Trade debts +€116,243
up €116,243 (+141%), from €82,236 to €198,479
- Debts after one year +€107,860
up €107,860 (+71.4%), from €151,064 to €258,924
- Other debts +€54,802
new in 2025: €54,802
- Tax, wage and social debts +€37,448
up €37,448 (+570%), from €6,569 to €44,017
of which Remuneration and social security: +€35,157
- Profit (loss) carried forward -€33,412
down €33,412 (-16.4%), from €203,737 to €170,326
- Staff costs +€121,108
up €121,108 (+154%), from €78,629 to €199,737
- Gross operating margin +€87,772
up €87,772 (+77.3%), from €113,490 to €201,263
- Depreciation +€8,382
up €8,382 (+100%), from €8,356 to €16,738
- Financial charges +€5,218
up €5,218 (+47.4%), from €11,016 to €16,234
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 | €650,013 | €908,133 | +€258,120 | +39.7% |
| Fixed assets | 21/28 | €50,178 | €149,265 | +€99,088 | +197% |
| Intangible fixed assets | 21 | €1,329 | €48,178 | +€46,849 | +3,525% |
| Tangible fixed assets | 22/27 | €33,684 | €85,922 | +€52,239 | +155% |
| Plant, machinery and equipment | 23 | €27,600 | €71,395 | +€43,795 | +159% |
| Furniture and vehicles | 24 | €2,936 | €10,829 | +€7,893 | +269% |
| Other tangible fixed assets | 26 | €3,148 | €3,699 | +€551 | +17.5% |
| Financial fixed assets | 28 | €15,165 | €15,165 | = | 0.0% |
| Current assets | 29/58 | €599,835 | €758,868 | +€159,033 | +26.5% |
| Stocks and contracts in progress | 3 | €375,179 | €400,234 | +€25,055 | +6.7% |
| Stocks | 30/36 | €375,179 | €400,234 | +€25,055 | +6.7% |
| Amounts receivable within one year | 40/41 | €158,338 | €331,863 | +€173,525 | +110% |
| Trade receivables | 40 | €89,263 | €217,476 | +€128,214 | +144% |
| Other amounts receivable | 41 | €69,076 | €114,387 | +€45,311 | +65.6% |
| Cash at bank and in hand | 54/58 | €62,065 | €17,379 | -€44,686 | -72.0% |
| Deferred charges and accrued income | 490/1 | €4,253 | €9,391 | +€5,139 | +121% |
| Total equity and liabilities | 10/49 | €650,013 | €908,133 | +€258,120 | +39.7% |
| Equity | 10/15 | €276,618 | €243,906 | -€32,712 | -11.8% |
| Contributions | 10/11 | €66,880 | €66,880 | = | 0.0% |
| Capital | 10 | €66,880 | €66,880 | = | 0.0% |
| Issued capital | 100 | €66,880 | €66,880 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,700 | +€700 | +11.7% |
| Non-distributable reserves | 130/1 | €6,000 | €6,700 | +€700 | +11.7% |
| Legal reserve | 130 | €6,000 | €6,700 | +€700 | +11.7% |
| Profit (loss) carried forward | 14 | €203,737 | €170,326 | -€33,412 | -16.4% |
| Amounts payable | 17/49 | €373,395 | €664,227 | +€290,832 | +77.9% |
| Amounts payable after more than one year | 17 | €151,064 | €258,924 | +€107,860 | +71.4% |
| Financial debts | 170/4 | €151,064 | €258,924 | +€107,860 | +71.4% |
| Amounts payable within one year | 42/48 | €180,748 | €392,315 | +€211,568 | +117% |
| Current portion of amounts payable after more than one year | 42 | €91,943 | €89,580 | -€2,363 | -2.6% |
| Financial debts | 43 | - | €5,437 | +€5,437 | |
| Credit institutions | 430/8 | - | €5,437 | +€5,437 | |
| Trade debts | 44 | €82,236 | €198,479 | +€116,243 | +141% |
| Suppliers | 440/4 | €82,236 | €198,479 | +€116,243 | +141% |
| Taxes, remuneration and social security | 45 | €6,569 | €44,017 | +€37,448 | +570% |
| Taxes | 450/3 | €1,819 | €4,110 | +€2,291 | +126% |
| Remuneration and social security | 454/9 | €4,750 | €39,907 | +€35,157 | +740% |
| Other amounts payable | 47/48 | - | €54,802 | +€54,802 | |
| Accrued charges and deferred income | 492/3 | €41,583 | €12,988 | -€28,596 | -68.8% |
| Remuneration, social security and pensions | 62 | €78,629 | €199,737 | +€121,108 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,356 | €16,738 | +€8,382 | +100% |
| Other operating charges | 640/8 | €741 | €1,372 | +€631 | +85.2% |
| Gross operating margin | 9900 | €113,490 | €201,263 | +€87,772 | +77.3% |
| Operating profit (loss) | 9901 | €25,764 | -€16,584 | -€42,348 | |
| Financial income | 75/76B | - | €107 | +€107 | |
| Recurring financial income | 75 | - | €107 | +€107 | |
| Financial charges | 65/66B | €11,016 | €16,234 | +€5,218 | +47.4% |
| Recurring financial charges | 65 | €11,016 | €16,234 | +€5,218 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €14,747 | -€32,712 | -€47,459 | |
| Profit (loss) for the period | 9904 | €14,747 | -€32,712 | -€47,459 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,747 | -€32,712 | -€47,459 |
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 26 October 2026 via checked.be.