DR. WATERSCHOOT A.M.: what changed
DR. WATERSCHOOT A.M.
Largest movements
- Current investments -€162,500
no longer reported in 2025 (was €162,500)
- Cash +€154,139
up €154,139 (+3,114%), from €4,950 to €159,089
mainly Current investments (+€162,500) and Net result for the year (+€82,548)
- Tangible fixed assets +€83,444
up €83,444 (+28.6%), from €291,930 to €375,374
of which Plant, machinery and equipment: +€86,994
- Receivables within one year +€30,661
up €30,661 (+19.2%), from €159,285 to €189,947
- Reserves +€80,000
up €80,000 (+11.2%), from €713,482 to €793,482
of which Distributable reserves: +€80,000
- Debts after one year +€44,473
up €44,473 (+181%), from €24,635 to €69,108
- Tax, wage and social debts -€14,283
down €14,283 (-95.2%), from €15,002 to €719
of which Taxes: -€12,497
- Gross operating margin -€25,972
down €25,972 (-13.1%), from €198,391 to €172,418
- Taxes -€13,675
down €13,675 (-28.9%), from €47,392 to €33,716
- Depreciation +€13,169
up €13,169 (+41.5%), from €31,740 to €44,909
- Staff costs +€3,046
up €3,046 (+16.0%), from €19,032 to €22,079
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 | €894,281 | €999,936 | +€105,655 | +11.8% |
| Fixed assets | 21/28 | €291,930 | €375,374 | +€83,444 | +28.6% |
| Tangible fixed assets | 22/27 | €291,930 | €375,374 | +€83,444 | +28.6% |
| Land and buildings | 22 | €232,111 | €242,992 | +€10,881 | +4.7% |
| Plant, machinery and equipment | 23 | €7,872 | €94,865 | +€86,994 | +1,105% |
| Furniture and vehicles | 24 | €5,734 | - | -€5,734 | |
| Leasing and similar rights | 25 | €46,212 | €37,516 | -€8,696 | -18.8% |
| Current assets | 29/58 | €602,352 | €624,563 | +€22,211 | +3.7% |
| Amounts receivable after more than one year | 29 | €270,000 | €270,000 | = | 0.0% |
| Other amounts receivable | 291 | €270,000 | €270,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €159,285 | €189,947 | +€30,661 | +19.2% |
| Other amounts receivable | 41 | €159,285 | €189,947 | +€30,661 | +19.2% |
| Current investments | 50/53 | €162,500 | - | -€162,500 | |
| Cash at bank and in hand | 54/58 | €4,950 | €159,089 | +€154,139 | +3,114% |
| Deferred charges and accrued income | 490/1 | €5,616 | €5,527 | -€89 | -1.6% |
| Total equity and liabilities | 10/49 | €894,281 | €999,936 | +€105,655 | +11.8% |
| Equity | 10/15 | €801,237 | €883,785 | +€82,548 | +10.3% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €713,482 | €793,482 | +€80,000 | +11.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €711,622 | €791,622 | +€80,000 | +11.2% |
| Profit (loss) carried forward | 14 | €75,349 | €77,897 | +€2,548 | +3.4% |
| Amounts payable | 17/49 | €93,045 | €116,151 | +€23,107 | +24.8% |
| Amounts payable after more than one year | 17 | €24,635 | €69,108 | +€44,473 | +181% |
| Financial debts | 170/4 | €24,635 | €69,108 | +€44,473 | +181% |
| Amounts payable within one year | 42/48 | €68,410 | €47,043 | -€21,367 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €47,440 | €44,773 | -€2,667 | -5.6% |
| Trade debts | 44 | €5,968 | €1,551 | -€4,417 | -74.0% |
| Suppliers | 440/4 | €5,968 | €1,551 | -€4,417 | -74.0% |
| Taxes, remuneration and social security | 45 | €15,002 | €719 | -€14,283 | -95.2% |
| Taxes | 450/3 | €12,497 | - | -€12,497 | |
| Remuneration and social security | 454/9 | €2,505 | €719 | -€1,786 | -71.3% |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €19,032 | €22,079 | +€3,046 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,740 | €44,909 | +€13,169 | +41.5% |
| Other operating charges | 640/8 | €3,944 | €4,155 | +€211 | +5.3% |
| Gross operating margin | 9900 | €198,391 | €172,418 | -€25,972 | -13.1% |
| Operating profit (loss) | 9901 | €143,674 | €101,276 | -€42,398 | -29.5% |
| Financial income | 75/76B | €19,122 | €19,164 | +€42 | +0.2% |
| Recurring financial income | 75 | €19,122 | €19,164 | +€42 | +0.2% |
| Financial charges | 65/66B | €3,916 | €4,175 | +€259 | +6.6% |
| Recurring financial charges | 65 | €3,916 | €4,175 | +€259 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €158,880 | €116,265 | -€42,615 | -26.8% |
| Income taxes | 67/77 | €47,392 | €33,716 | -€13,675 | -28.9% |
| Profit (loss) for the period | 9904 | €111,488 | €82,548 | -€28,940 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,488 | €82,548 | -€28,940 | -26.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.