DE WATERDAM: 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 WATERDAM
Largest movements
- Tangible fixed assets -€22,236
down €22,236 (-3.7%), from €608,015 to €585,779
of which Land and buildings: -€19,513
- Debts after one year -€46,897
down €46,897 (-41.1%), from €114,054 to €67,157
- Reserves +€28,960
up €28,960 (+14.4%), from €201,379 to €230,339
No income-statement line moved by more than 1% of the activity.
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 | €633,603 | €614,996 | -€18,607 | -2.9% |
| Fixed assets | 21/28 | €617,513 | €595,277 | -€22,236 | -3.6% |
| Tangible fixed assets | 22/27 | €608,015 | €585,779 | -€22,236 | -3.7% |
| Land and buildings | 22 | €599,332 | €579,819 | -€19,513 | -3.3% |
| Plant, machinery and equipment | 23 | €8,683 | €5,959 | -€2,723 | -31.4% |
| Financial fixed assets | 28 | €9,498 | €9,498 | = | 0.0% |
| Current assets | 29/58 | €16,090 | €19,719 | +€3,629 | +22.6% |
| Cash at bank and in hand | 54/58 | €16,090 | €19,719 | +€3,629 | +22.6% |
| Total equity and liabilities | 10/49 | €633,603 | €614,996 | -€18,607 | -2.9% |
| Equity | 10/15 | €326,379 | €355,339 | +€28,960 | +8.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €201,379 | €230,339 | +€28,960 | +14.4% |
| Distributable reserves | 133 | €201,379 | €230,339 | +€28,960 | +14.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €307,224 | €259,657 | -€47,567 | -15.5% |
| Amounts payable after more than one year | 17 | €114,054 | €67,157 | -€46,897 | -41.1% |
| Financial debts | 170/4 | €114,054 | €67,157 | -€46,897 | -41.1% |
| Amounts payable within one year | 42/48 | €193,170 | €192,500 | -€670 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €46,480 | €46,897 | +€416 | +0.9% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,601 | €3,515 | -€1,087 | -23.6% |
| Taxes | 450/3 | €4,601 | €3,515 | -€1,087 | -23.6% |
| Other amounts payable | 47/48 | €142,088 | €142,088 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,235 | €22,236 | +€1 | 0.0% |
| Other operating charges | 640/8 | €5,613 | €5,796 | +€184 | +3.3% |
| Gross operating margin | 9900 | €71,304 | €71,854 | +€551 | +0.8% |
| Operating profit (loss) | 9901 | €43,456 | €43,822 | +€366 | +0.8% |
| Financial income | 75/76B | €102 | €0 | -€102 | -100% |
| Recurring financial income | 75 | €102 | €0 | -€102 | -100% |
| Financial charges | 65/66B | €1,760 | €1,348 | -€413 | -23.4% |
| Recurring financial charges | 65 | €1,760 | €1,348 | -€413 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €41,797 | €42,474 | +€677 | +1.6% |
| Income taxes | 67/77 | €13,299 | €13,515 | +€216 | +1.6% |
| Profit (loss) for the period | 9904 | €28,498 | €28,960 | +€462 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,498 | €28,960 | +€462 | +1.6% |
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 24 October 2026 via checked.be.