DE WATERNIMF: what changed
DE WATERNIMF
Largest movements
- Cash -€3,213
down €3,213 (-23.4%), from €13,758 to €10,545
mainly Contributions, distributions and other (-€32,100) and Investment in fixed assets (net) (-€2,053)
- Tangible fixed assets -€2,306
down €2,306 (-2.7%), from €85,856 to €83,550
of which Land and buildings: -€3,962
- Reserves -€23,100
down €23,100 (-24.0%), from €96,350 to €73,250
- Other debts +€16,667
new in 2025: €16,667
- Accrued charges and deferred income +€1,545
new in 2025: €1,545
- Gross operating margin +€2,918
up €2,918 (+19.8%), from €14,704 to €17,622
- Taxes +€622
up €622 (+22.6%), from €2,754 to €3,376
- Other operating charges +€380
up €380 (+45.1%), from €842 to €1,221
- Financial income -€361
down €361 (-39.5%), from €912 to €551
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,456 | €121,552 | -€4,904 | -3.9% |
| Fixed assets | 21/28 | €85,856 | €83,550 | -€2,306 | -2.7% |
| Tangible fixed assets | 22/27 | €85,856 | €83,550 | -€2,306 | -2.7% |
| Land and buildings | 22 | €85,569 | €81,607 | -€3,962 | -4.6% |
| Plant, machinery and equipment | 23 | €287 | €1,311 | +€1,024 | +357% |
| Furniture and vehicles | 24 | - | €632 | +€632 | |
| Current assets | 29/58 | €40,600 | €38,002 | -€2,599 | -6.4% |
| Amounts receivable within one year | 40/41 | €25,765 | €26,449 | +€685 | +2.7% |
| Trade receivables | 40 | €16,333 | €25,999 | +€9,666 | +59.2% |
| Other amounts receivable | 41 | €9,432 | €450 | -€8,982 | -95.2% |
| Cash at bank and in hand | 54/58 | €13,758 | €10,545 | -€3,213 | -23.4% |
| Deferred charges and accrued income | 490/1 | €1,077 | €1,007 | -€70 | -6.5% |
| Total equity and liabilities | 10/49 | €126,456 | €121,552 | -€4,904 | -3.9% |
| Equity | 10/15 | €124,919 | €101,868 | -€23,052 | -18.5% |
| Contributions | 10/11 | €27,200 | €27,200 | = | 0.0% |
| Reserves | 13 | €96,350 | €73,250 | -€23,100 | -24.0% |
| Distributable reserves | 133 | €96,350 | €73,250 | -€23,100 | -24.0% |
| Profit (loss) carried forward | 14 | €1,369 | €1,418 | +€48 | +3.5% |
| Amounts payable | 17/49 | €1,537 | €19,684 | +€18,148 | +1,181% |
| Amounts payable within one year | 42/48 | €1,537 | €18,139 | +€16,602 | +1,080% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €1,537 | €1,472 | -€64 | -4.2% |
| Taxes | 450/3 | €1,537 | €1,472 | -€64 | -4.2% |
| Other amounts payable | 47/48 | - | €16,667 | +€16,667 | |
| Accrued charges and deferred income | 492/3 | - | €1,545 | +€1,545 | |
| Remuneration, social security and pensions | 62 | €244 | €89 | -€155 | -63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,227 | €4,358 | +€131 | +3.1% |
| Other operating charges | 640/8 | €842 | €1,221 | +€380 | +45.1% |
| Gross operating margin | 9900 | €14,704 | €17,622 | +€2,918 | +19.8% |
| Operating profit (loss) | 9901 | €9,392 | €11,954 | +€2,562 | +27.3% |
| Financial income | 75/76B | €912 | €551 | -€361 | -39.5% |
| Recurring financial income | 75 | €912 | €551 | -€361 | -39.5% |
| Financial charges | 65/66B | €111 | €81 | -€30 | -27.1% |
| Recurring financial charges | 65 | €111 | €81 | -€30 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €10,192 | €12,424 | +€2,232 | +21.9% |
| Income taxes | 67/77 | €2,754 | €3,376 | +€622 | +22.6% |
| Profit (loss) for the period | 9904 | €7,438 | €9,048 | +€1,610 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,438 | €9,048 | +€1,610 | +21.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.