De Watersnip: 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 Watersnip
Largest movements
- Stocks and contracts -€512,721
no longer reported in 2025 (was €512,721)
- Cash -€133,938
down €133,938 (-76.0%), from €176,273 to €42,335
mainly Other debts (-€418,000) and Short-term financial debts (-€405,821)
- Receivables within one year -€12,834
down €12,834 (-6.2%), from €206,701 to €193,867
of which Trade receivables: -€91,617
- Other debts -€418,000
no longer reported in 2025 (was €418,000)
- Short-term financial debts -€405,821
no longer reported in 2025 (was €405,821)
- Profit (loss) carried forward +€98,374
up €98,374 (+1,254%), from €7,847 to €106,221
- Provisions +€50,000
new in 2025: €50,000
- Tax, wage and social debts +€35,851
up €35,851 (+187%), from €19,139 to €54,990
- Provisions +€50,000
new in 2025: €50,000
- Gross operating margin -€33,802
down €33,802 (-15.1%), from €223,889 to €190,087
- Taxes -€18,288
down €18,288 (-33.8%), from €54,139 to €35,851
- Financial charges -€9,556
down €9,556 (-84.5%), from €11,311 to €1,755
- Financial income -€6,782
down €6,782 (-100.0%), from €6,782 to €0
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 | €895,695 | €236,202 | -€659,493 | -73.6% |
| Current assets | 29/58 | €895,695 | €236,202 | -€659,493 | -73.6% |
| Stocks and contracts in progress | 3 | €512,721 | - | -€512,721 | |
| Stocks | 30/36 | €512,721 | - | -€512,721 | |
| Amounts receivable within one year | 40/41 | €206,701 | €193,867 | -€12,834 | -6.2% |
| Trade receivables | 40 | €91,617 | - | -€91,617 | |
| Other amounts receivable | 41 | €115,084 | €193,867 | +€78,783 | +68.5% |
| Cash at bank and in hand | 54/58 | €176,273 | €42,335 | -€133,938 | -76.0% |
| Total equity and liabilities | 10/49 | €895,695 | €236,202 | -€659,493 | -73.6% |
| Equity | 10/15 | €26,447 | €124,821 | +€98,374 | +372% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,847 | €106,221 | +€98,374 | +1,254% |
| Provisions and deferred taxes | 16 | - | €50,000 | +€50,000 | |
| Provisions for liabilities and charges | 160/5 | - | €50,000 | +€50,000 | |
| Other liabilities and charges | 164/5 | - | €50,000 | +€50,000 | |
| Amounts payable | 17/49 | €869,248 | €61,381 | -€807,867 | -92.9% |
| Amounts payable within one year | 42/48 | €869,248 | €61,381 | -€807,867 | -92.9% |
| Financial debts | 43 | €405,821 | - | -€405,821 | |
| Credit institutions | 430/8 | €405,821 | - | -€405,821 | |
| Trade debts | 44 | €26,288 | €6,391 | -€19,897 | -75.7% |
| Suppliers | 440/4 | €26,288 | €6,391 | -€19,897 | -75.7% |
| Taxes, remuneration and social security | 45 | €19,139 | €54,990 | +€35,851 | +187% |
| Taxes | 450/3 | €19,139 | €54,990 | +€35,851 | +187% |
| Other amounts payable | 47/48 | €418,000 | - | -€418,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,687 | - | -€6,687 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €5,055 | €1,089 | -€3,966 | -78.5% |
| Non-recurring operating charges | 66A | - | €3,019 | +€3,019 | |
| Gross operating margin | 9900 | €223,889 | €190,087 | -€33,802 | -15.1% |
| Operating profit (loss) | 9901 | €212,147 | €135,979 | -€76,168 | -35.9% |
| Financial income | 75/76B | €6,782 | €0 | -€6,782 | -100.0% |
| Recurring financial income | 75 | €6,782 | €0 | -€6,782 | -100.0% |
| Financial charges | 65/66B | €11,311 | €1,755 | -€9,556 | -84.5% |
| Recurring financial charges | 65 | €11,311 | €1,755 | -€9,556 | -84.5% |
| Profit (loss) for the period before taxes | 9903 | €207,619 | €134,225 | -€73,394 | -35.4% |
| Income taxes | 67/77 | €54,139 | €35,851 | -€18,288 | -33.8% |
| Profit (loss) for the period | 9904 | €153,480 | €98,374 | -€55,106 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €153,480 | €98,374 | -€55,106 | -35.9% |
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.