DE WATERRAL: 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 WATERRAL
Largest movements
- Tangible fixed assets -€5,893
down €5,893 (-44.4%), from €13,265 to €7,372
of which Furniture and vehicles: -€3,555
- Receivables within one year -€2,473
down €2,473 (-38.1%), from €6,483 to €4,010
of which Other amounts receivable: -€1,905
- Cash -€1,988
down €1,988 (-74.7%), from €2,660 to €672
mainly Net result for the year (-€9,298) and Trade debts (-€927)
- Profit (loss) carried forward -€9,298
down €9,298 (-14.9%), from -€62,461 to -€71,759
- Trade debts -€927
down €927 (-82.0%), from €1,131 to €203
- Gross operating margin -€6,431
down €6,431, from €4,364 to -€2,067
- Depreciation +€212
up €212 (+3.7%), from €5,681 to €5,893
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 | €23,898 | €13,558 | -€10,340 | -43.3% |
| Fixed assets | 21/28 | €14,265 | €8,372 | -€5,893 | -41.3% |
| Tangible fixed assets | 22/27 | €13,265 | €7,372 | -€5,893 | -44.4% |
| Plant, machinery and equipment | 23 | €4,423 | €2,085 | -€2,338 | -52.9% |
| Furniture and vehicles | 24 | €8,843 | €5,287 | -€3,555 | -40.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €9,632 | €5,185 | -€4,447 | -46.2% |
| Amounts receivable within one year | 40/41 | €6,483 | €4,010 | -€2,473 | -38.1% |
| Trade receivables | 40 | €2,497 | €1,930 | -€568 | -22.7% |
| Other amounts receivable | 41 | €3,986 | €2,081 | -€1,905 | -47.8% |
| Cash at bank and in hand | 54/58 | €2,660 | €672 | -€1,988 | -74.7% |
| Deferred charges and accrued income | 490/1 | €489 | €503 | +€14 | +3.0% |
| Total equity and liabilities | 10/49 | €23,898 | €13,558 | -€10,340 | -43.3% |
| Equity | 10/15 | -€41,769 | -€51,067 | -€9,298 | -22.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,461 | -€71,759 | -€9,298 | -14.9% |
| Amounts payable | 17/49 | €65,666 | €64,624 | -€1,042 | -1.6% |
| Amounts payable within one year | 42/48 | €32,798 | €31,772 | -€1,027 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €1,131 | €203 | -€927 | -82.0% |
| Suppliers | 440/4 | €1,131 | €203 | -€927 | -82.0% |
| Other amounts payable | 47/48 | €1,668 | €1,568 | -€99 | -6.0% |
| Accrued charges and deferred income | 492/3 | €32,868 | €32,853 | -€15 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,681 | €5,893 | +€212 | +3.7% |
| Other operating charges | 640/8 | €1,252 | €1,282 | +€30 | +2.4% |
| Gross operating margin | 9900 | €4,364 | -€2,067 | -€6,431 | |
| Operating profit (loss) | 9901 | -€2,570 | -€9,242 | -€6,673 | -260% |
| Financial charges | 65/66B | €74 | €55 | -€18 | -24.9% |
| Recurring financial charges | 65 | €74 | €55 | -€18 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,643 | -€9,298 | -€6,654 | -252% |
| Profit (loss) for the period | 9904 | -€2,643 | -€9,298 | -€6,654 | -252% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,643 | -€9,298 | -€6,654 | -252% |
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 22 October 2026 via checked.be.