DANNY WATERPLAS: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
DANNY WATERPLAS
Largest movements
- Cash +€27,624
up €27,624 (+246%), from €11,245 to €38,870
mainly Net result for the year (+€43,665) and Receivables within one year (+€15,384)
- Current investments +€24,595
up €24,595 (+10.7%), from €230,279 to €254,875
- Receivables within one year -€15,384
down €15,384 (-55.0%), from €27,985 to €12,601
of which Trade receivables: -€15,004
- Tangible fixed assets -€12,385
down €12,385 (-36.3%), from €34,118 to €21,732
- Reserves +€43,665
up €43,665 (+379%), from €11,512 to €55,177
of which Distributable reserves: +€55,177
- Other debts -€22,084
down €22,084 (-61.6%), from €35,876 to €13,792
- Gross operating margin -€4,260
down €4,260 (-5.8%), from €73,310 to €69,050
- Taxes +€3,603
up €3,603 (+28.4%), from €12,688 to €16,291
- Financial income +€968
up €968 (+31.8%), from €3,041 to €4,009
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,115 | €329,526 | +€24,411 | +8.0% |
| Fixed assets | 21/28 | €34,118 | €21,732 | -€12,385 | -36.3% |
| Tangible fixed assets | 22/27 | €34,118 | €21,732 | -€12,385 | -36.3% |
| Furniture and vehicles | 24 | €34,118 | €21,732 | -€12,385 | -36.3% |
| Current assets | 29/58 | €270,997 | €307,793 | +€36,796 | +13.6% |
| Amounts receivable within one year | 40/41 | €27,985 | €12,601 | -€15,384 | -55.0% |
| Trade receivables | 40 | €27,382 | €12,378 | -€15,004 | -54.8% |
| Other amounts receivable | 41 | €603 | €223 | -€380 | -63.1% |
| Current investments | 50/53 | €230,279 | €254,875 | +€24,595 | +10.7% |
| Cash at bank and in hand | 54/58 | €11,245 | €38,870 | +€27,624 | +246% |
| Deferred charges and accrued income | 490/1 | €1,488 | €1,448 | -€40 | -2.7% |
| Total equity and liabilities | 10/49 | €305,115 | €329,526 | +€24,411 | +8.0% |
| Equity | 10/15 | €260,943 | €304,609 | +€43,665 | +16.7% |
| Contributions | 10/11 | €103,600 | €103,600 | = | 0.0% |
| Reserves | 13 | €11,512 | €55,177 | +€43,665 | +379% |
| Non-distributable reserves | 130/1 | €11,512 | - | -€11,512 | |
| Reserves not available under the articles | 1311 | €11,512 | - | -€11,512 | |
| Distributable reserves | 133 | - | €55,177 | +€55,177 | |
| Profit (loss) carried forward | 14 | €145,831 | €145,831 | = | 0.0% |
| Amounts payable | 17/49 | €44,172 | €24,917 | -€19,255 | -43.6% |
| Amounts payable within one year | 42/48 | €44,172 | €24,917 | -€19,255 | -43.6% |
| Trade debts | 44 | €358 | €363 | +€5 | +1.4% |
| Suppliers | 440/4 | €358 | €363 | +€5 | +1.4% |
| Taxes, remuneration and social security | 45 | €7,937 | €10,762 | +€2,824 | +35.6% |
| Taxes | 450/3 | €7,937 | €10,762 | +€2,824 | +35.6% |
| Other amounts payable | 47/48 | €35,876 | €13,792 | -€22,084 | -61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,108 | €12,385 | +€277 | +2.3% |
| Other operating charges | 640/8 | €679 | €686 | +€7 | +1.0% |
| Gross operating margin | 9900 | €73,310 | €69,050 | -€4,260 | -5.8% |
| Operating profit (loss) | 9901 | €60,523 | €55,979 | -€4,543 | -7.5% |
| Financial income | 75/76B | €3,041 | €4,009 | +€968 | +31.8% |
| Recurring financial income | 75 | €3,041 | €4,009 | +€968 | +31.8% |
| Financial charges | 65/66B | €26 | €32 | +€6 | +21.5% |
| Recurring financial charges | 65 | €26 | €32 | +€6 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €63,538 | €59,957 | -€3,581 | -5.6% |
| Income taxes | 67/77 | €12,688 | €16,291 | +€3,603 | +28.4% |
| Profit (loss) for the period | 9904 | €50,849 | €43,665 | -€7,184 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,849 | €43,665 | -€7,184 | -14.1% |
Source: filed annual accounts (NBB), financial years ended 1 January 2025 and 1 January 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.