ChasingWatt: 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.
ChasingWatt
Largest movements
- Cash -€12,733
down €12,733 (-19.7%), from €64,563 to €51,830
mainly Receivables within one year (-€11,884) and Debts after one year (-€8,004)
- Receivables within one year +€11,884
up €11,884 (+234%), from €5,087 to €16,970
of which Trade receivables: +€6,695
- Tangible fixed assets -€8,595
down €8,595 (-32.8%), from €26,170 to €17,575
of which Leasing and similar rights: -€8,036
- Debts after one year -€8,004
no longer reported in 2025 (was €8,004)
- Tax, wage and social debts -€5,556
down €5,556 (-32.7%), from €16,988 to €11,432
- Current portion of long-term debt +€1,790
up €1,790 (+28.8%), from €6,214 to €8,004
- Other debts +€1,602
up €1,602 (+23.3%), from €6,862 to €8,464
- Trade debts +€1,208
up €1,208 (+47.4%), from €2,547 to €3,755
- Gross operating margin -€20,842
down €20,842 (-48.2%), from €43,269 to €22,428
- Taxes -€4,088
down €4,088 (-63.9%), from €6,400 to €2,311
- Other operating charges -€1,450
down €1,450 (-83.2%), from €1,744 to €293
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 | €97,112 | €88,164 | -€8,948 | -9.2% |
| Fixed assets | 21/28 | €26,170 | €17,575 | -€8,595 | -32.8% |
| Tangible fixed assets | 22/27 | €26,170 | €17,575 | -€8,595 | -32.8% |
| Plant, machinery and equipment | 23 | €1,775 | €1,061 | -€714 | -40.2% |
| Furniture and vehicles | 24 | €4,850 | €5,218 | +€368 | +7.6% |
| Leasing and similar rights | 25 | €17,790 | €9,754 | -€8,036 | -45.2% |
| Other tangible fixed assets | 26 | €1,755 | €1,542 | -€213 | -12.1% |
| Current assets | 29/58 | €70,942 | €70,589 | -€353 | -0.5% |
| Amounts receivable within one year | 40/41 | €5,087 | €16,970 | +€11,884 | +234% |
| Trade receivables | 40 | €5,087 | €11,782 | +€6,695 | +132% |
| Other amounts receivable | 41 | - | €5,189 | +€5,189 | |
| Cash at bank and in hand | 54/58 | €64,563 | €51,830 | -€12,733 | -19.7% |
| Deferred charges and accrued income | 490/1 | €1,292 | €1,788 | +€496 | +38.4% |
| Total equity and liabilities | 10/49 | €97,112 | €88,164 | -€8,948 | -9.2% |
| Equity | 10/15 | €56,452 | €56,452 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €16,168 | €16,168 | = | 0.0% |
| Distributable reserves | 133 | €16,168 | €16,168 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,284 | €30,284 | = | 0.0% |
| Amounts payable | 17/49 | €40,660 | €31,712 | -€8,948 | -22.0% |
| Amounts payable after more than one year | 17 | €8,004 | - | -€8,004 | |
| Financial debts | 170/4 | €8,004 | - | -€8,004 | |
| Amounts payable within one year | 42/48 | €32,656 | €31,692 | -€964 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €6,214 | €8,004 | +€1,790 | +28.8% |
| Financial debts | 43 | €45 | €37 | -€8 | -17.3% |
| Credit institutions | 430/8 | €45 | €37 | -€8 | -17.3% |
| Trade debts | 44 | €2,547 | €3,755 | +€1,208 | +47.4% |
| Suppliers | 440/4 | €2,547 | €3,755 | +€1,208 | +47.4% |
| Taxes, remuneration and social security | 45 | €16,988 | €11,432 | -€5,556 | -32.7% |
| Taxes | 450/3 | €16,988 | €11,432 | -€5,556 | -32.7% |
| Other amounts payable | 47/48 | €6,862 | €8,464 | +€1,602 | +23.3% |
| Accrued charges and deferred income | 492/3 | - | €20 | +€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,796 | €11,849 | +€53 | +0.5% |
| Other operating charges | 640/8 | €1,744 | €293 | -€1,450 | -83.2% |
| Gross operating margin | 9900 | €43,269 | €22,428 | -€20,842 | -48.2% |
| Operating profit (loss) | 9901 | €29,730 | €10,286 | -€19,445 | -65.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €671 | €448 | -€222 | -33.1% |
| Recurring financial charges | 65 | €671 | €448 | -€222 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €29,060 | €9,837 | -€19,223 | -66.1% |
| Income taxes | 67/77 | €6,400 | €2,311 | -€4,088 | -63.9% |
| Profit (loss) for the period | 9904 | €22,660 | €7,526 | -€15,134 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,660 | €7,526 | -€15,134 | -66.8% |
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 13 October 2026 via checked.be.