DE WATERBRON: 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.
DE WATERBRON
Largest movements
- Stocks and contracts +€2,486
up €2,486 (+4.7%), from €52,426 to €54,912
- Deferred charges and accrued income +€841
new in 2025: €841
- Trade debts +€5,424
up €5,424 (+27.2%), from €19,916 to €25,340
- Profit (loss) carried forward -€2,672
down €2,672 (-45.6%), from -€5,864 to -€8,535
- Other debts -€1,087
down €1,087 (-5.2%), from €21,084 to €19,997
- Advances received +€892
new in 2025: €892
- Other operating charges -€1,165
down €1,165 (-29.9%), from €3,892 to €2,726
- Gross operating margin +€770
up €770 (+3.3%), from €23,618 to €24,388
- Staff costs -€540
down €540 (-2.1%), from €25,284 to €24,744
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 | €64,423 | €66,987 | +€2,564 | +4.0% |
| Fixed assets | 21/28 | €2,400 | €2,710 | +€310 | +12.9% |
| Tangible fixed assets | 22/27 | - | €310 | +€310 | |
| Plant, machinery and equipment | 23 | - | €310 | +€310 | |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €62,023 | €64,277 | +€2,254 | +3.6% |
| Stocks and contracts in progress | 3 | €52,426 | €54,912 | +€2,486 | +4.7% |
| Stocks | 30/36 | €52,426 | €54,912 | +€2,486 | +4.7% |
| Amounts receivable within one year | 40/41 | €6,957 | €6,306 | -€651 | -9.4% |
| Trade receivables | 40 | €6,431 | €5,332 | -€1,099 | -17.1% |
| Other amounts receivable | 41 | €526 | €974 | +€448 | +85.1% |
| Cash at bank and in hand | 54/58 | €2,640 | €2,218 | -€422 | -16.0% |
| Deferred charges and accrued income | 490/1 | - | €841 | +€841 | |
| Total equity and liabilities | 10/49 | €64,423 | €66,987 | +€2,564 | +4.0% |
| Equity | 10/15 | €19,636 | €16,965 | -€2,672 | -13.6% |
| Contributions | 10/11 | €25,500 | €25,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,864 | -€8,535 | -€2,672 | -45.6% |
| Amounts payable | 17/49 | €44,787 | €50,023 | +€5,236 | +11.7% |
| Amounts payable within one year | 42/48 | €44,787 | €50,023 | +€5,236 | +11.7% |
| Trade debts | 44 | €19,916 | €25,340 | +€5,424 | +27.2% |
| Suppliers | 440/4 | €19,916 | €25,340 | +€5,424 | +27.2% |
| Advances received on contracts in progress | 46 | - | €892 | +€892 | |
| Taxes, remuneration and social security | 45 | €3,787 | €3,794 | +€7 | +0.2% |
| Remuneration and social security | 454/9 | €3,787 | €3,794 | +€7 | +0.2% |
| Other amounts payable | 47/48 | €21,084 | €19,997 | -€1,087 | -5.2% |
| Non-recurring operating income | 76A | €130 | €134 | +€4 | +3.1% |
| Remuneration, social security and pensions | 62 | €25,284 | €24,744 | -€540 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €184 | +€184 | |
| Other operating charges | 640/8 | €3,892 | €2,726 | -€1,165 | -29.9% |
| Gross operating margin | 9900 | €23,618 | €24,388 | +€770 | +3.3% |
| Operating profit (loss) | 9901 | -€5,558 | -€3,267 | +€2,291 | +41.2% |
| Financial income | 75/76B | €789 | €873 | +€84 | +10.7% |
| Recurring financial income | 75 | €789 | €873 | +€84 | +10.7% |
| Financial charges | 65/66B | €189 | €143 | -€46 | -24.4% |
| Recurring financial charges | 65 | €189 | €143 | -€46 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,958 | -€2,536 | +€2,422 | +48.8% |
| Income taxes | 67/77 | €132 | €135 | +€3 | +2.5% |
| Profit (loss) for the period | 9904 | -€5,090 | -€2,672 | +€2,418 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,090 | -€2,672 | +€2,418 | +47.5% |
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 8 October 2026 via checked.be.