DE L'EAU D'HEURE: 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.
DE L'EAU D'HEURE
Largest movements
- Receivables within one year -€103,050
down €103,050 (-71.6%), from €144,002 to €40,952
of which Trade receivables: -€84,747
- Tangible fixed assets -€97,480
down €97,480 (-20.0%), from €487,914 to €390,434
of which Furniture and vehicles: -€101,594
- Cash +€43,439
up €43,439 (+40.1%), from €108,320 to €151,758
mainly Depreciation (+€131,480) and Receivables within one year (+€103,050)
- Debts after one year -€62,529
down €62,529 (-24.3%), from €257,300 to €194,771
- Profit (loss) carried forward -€39,203
down €39,203 (-22.0%), from €178,358 to €139,155
- Trade debts -€23,008
down €23,008 (-89.2%), from €25,787 to €2,779
- Current portion of long-term debt -€16,000
down €16,000 (-14.1%), from €113,529 to €97,529
- Other debts -€15,977
down €15,977 (-10.4%), from €153,160 to €137,183
- Gross operating margin -€69,852
down €69,852 (-32.6%), from €214,408 to €144,556
- Depreciation +€15,349
up €15,349 (+13.2%), from €116,131 to €131,480
- Staff costs -€6,235
down €6,235 (-12.9%), from €48,243 to €42,008
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 | €745,858 | €587,617 | -€158,241 | -21.2% |
| Fixed assets | 21/28 | €490,605 | €393,125 | -€97,480 | -19.9% |
| Tangible fixed assets | 22/27 | €487,914 | €390,434 | -€97,480 | -20.0% |
| Plant, machinery and equipment | 23 | €90,079 | €94,193 | +€4,114 | +4.6% |
| Furniture and vehicles | 24 | €397,835 | €296,241 | -€101,594 | -25.5% |
| Financial fixed assets | 28 | €2,691 | €2,691 | = | 0.0% |
| Current assets | 29/58 | €255,253 | €194,493 | -€60,760 | -23.8% |
| Amounts receivable within one year | 40/41 | €144,002 | €40,952 | -€103,050 | -71.6% |
| Trade receivables | 40 | €118,386 | €33,639 | -€84,747 | -71.6% |
| Other amounts receivable | 41 | €25,616 | €7,313 | -€18,304 | -71.5% |
| Cash at bank and in hand | 54/58 | €108,320 | €151,758 | +€43,439 | +40.1% |
| Deferred charges and accrued income | 490/1 | €2,931 | €1,782 | -€1,149 | -39.2% |
| Total equity and liabilities | 10/49 | €745,858 | €587,617 | -€158,241 | -21.2% |
| Equity | 10/15 | €186,418 | €147,215 | -€39,203 | -21.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,358 | €139,155 | -€39,203 | -22.0% |
| Amounts payable | 17/49 | €559,440 | €440,402 | -€119,038 | -21.3% |
| Amounts payable after more than one year | 17 | €257,300 | €194,771 | -€62,529 | -24.3% |
| Financial debts | 170/4 | €257,300 | €194,771 | -€62,529 | -24.3% |
| Amounts payable within one year | 42/48 | €297,615 | €241,086 | -€56,529 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €113,529 | €97,529 | -€16,000 | -14.1% |
| Trade debts | 44 | €25,787 | €2,779 | -€23,008 | -89.2% |
| Suppliers | 440/4 | €25,787 | €2,779 | -€23,008 | -89.2% |
| Taxes, remuneration and social security | 45 | €5,139 | €3,595 | -€1,544 | -30.0% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €5,139 | €3,595 | -€1,544 | -30.0% |
| Other amounts payable | 47/48 | €153,160 | €137,183 | -€15,977 | -10.4% |
| Accrued charges and deferred income | 492/3 | €4,525 | €4,545 | +€20 | +0.4% |
| Remuneration, social security and pensions | 62 | €48,243 | €42,008 | -€6,235 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,131 | €131,480 | +€15,349 | +13.2% |
| Other operating charges | 640/8 | €539 | €1,229 | +€690 | +128% |
| Gross operating margin | 9900 | €214,408 | €144,556 | -€69,852 | -32.6% |
| Operating profit (loss) | 9901 | €49,495 | -€30,161 | -€79,656 | |
| Financial charges | 65/66B | €8,623 | €9,042 | +€418 | +4.9% |
| Recurring financial charges | 65 | €8,623 | €9,042 | +€418 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €40,872 | -€39,203 | -€80,075 | |
| Profit (loss) for the period | 9904 | €40,872 | -€39,203 | -€80,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,872 | -€39,203 | -€80,075 |
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 14 October 2026 via checked.be.