Ferme WATRIN: 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.
Ferme WATRIN
Largest movements
- Cash +€137,733
up €137,733 (+45.5%), from €302,719 to €440,452
mainly Net result for the year (+€207,983) and Tax, wage and social debts (+€98,878)
- Stocks and contracts +€31,390
up €31,390 (+202%), from €15,555 to €46,946
- Tangible fixed assets +€23,117
up €23,117 (+10.9%), from €212,540 to €235,658
of which Furniture and vehicles: +€16,042
- Receivables within one year -€12,523
down €12,523 (-39.8%), from €31,461 to €18,939
of which Other amounts receivable: -€13,939
- Reserves +€207,983
up €207,983 (+650%), from €32,021 to €240,004
- Trade debts -€110,515
down €110,515 (-58.1%), from €190,329 to €79,814
- Tax, wage and social debts +€98,878
up €98,878 (+1,017%), from €9,726 to €108,604
of which Taxes: +€98,376
- Debts after one year -€30,906
down €30,906 (-14.5%), from €213,870 to €182,964
- Other debts +€13,656
up €13,656 (+19.6%), from €69,761 to €83,417
- Gross operating margin +€236,084
up €236,084 (+105%), from €225,093 to €461,177
- Taxes +€79,650
up €79,650 (+862%), from €9,244 to €88,895
- Staff costs -€41,876
down €41,876 (-29.1%), from €143,675 to €101,799
- Depreciation +€10,458
up €10,458 (+30.8%), from €33,955 to €44,413
- Financial charges +€9,651
up €9,651 (+258%), from €3,736 to €13,387
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 | €566,613 | €745,709 | +€179,096 | +31.6% |
| Fixed assets | 21/28 | €212,578 | €235,695 | +€23,117 | +10.9% |
| Tangible fixed assets | 22/27 | €212,540 | €235,658 | +€23,117 | +10.9% |
| Furniture and vehicles | 24 | €207,430 | €223,472 | +€16,042 | +7.7% |
| Other tangible fixed assets | 26 | €5,110 | €12,186 | +€7,075 | +138% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €354,035 | €510,015 | +€155,979 | +44.1% |
| Stocks and contracts in progress | 3 | €15,555 | €46,946 | +€31,390 | +202% |
| Stocks | 30/36 | €15,555 | €46,946 | +€31,390 | +202% |
| Amounts receivable within one year | 40/41 | €31,461 | €18,939 | -€12,523 | -39.8% |
| Trade receivables | 40 | €17,523 | €18,939 | +€1,416 | +8.1% |
| Other amounts receivable | 41 | €13,939 | - | -€13,939 | |
| Cash at bank and in hand | 54/58 | €302,719 | €440,452 | +€137,733 | +45.5% |
| Deferred charges and accrued income | 490/1 | €4,300 | €3,678 | -€621 | -14.5% |
| Total equity and liabilities | 10/49 | €566,613 | €745,709 | +€179,096 | +31.6% |
| Equity | 10/15 | €52,021 | €260,004 | +€207,983 | +400% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,021 | €240,004 | +€207,983 | +650% |
| Distributable reserves | 133 | €32,021 | €240,004 | +€207,983 | +650% |
| Amounts payable | 17/49 | €514,592 | €485,705 | -€28,887 | -5.6% |
| Amounts payable after more than one year | 17 | €213,870 | €182,964 | -€30,906 | -14.5% |
| Financial debts | 170/4 | €213,870 | €182,964 | -€30,906 | -14.5% |
| Amounts payable within one year | 42/48 | €300,722 | €302,741 | +€2,019 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €30,906 | €30,906 | = | 0.0% |
| Trade debts | 44 | €190,329 | €79,814 | -€110,515 | -58.1% |
| Suppliers | 440/4 | €190,329 | €79,814 | -€110,515 | -58.1% |
| Taxes, remuneration and social security | 45 | €9,726 | €108,604 | +€98,878 | +1,017% |
| Taxes | 450/3 | €9,244 | €107,620 | +€98,376 | +1,064% |
| Remuneration and social security | 454/9 | €482 | €984 | +€502 | +104% |
| Other amounts payable | 47/48 | €69,761 | €83,417 | +€13,656 | +19.6% |
| Remuneration, social security and pensions | 62 | €143,675 | €101,799 | -€41,876 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,955 | €44,413 | +€10,458 | +30.8% |
| Other operating charges | 640/8 | €2,462 | €5,357 | +€2,894 | +118% |
| Gross operating margin | 9900 | €225,093 | €461,177 | +€236,084 | +105% |
| Operating profit (loss) | 9901 | €45,001 | €309,608 | +€264,608 | +588% |
| Financial income | 75/76B | €1 | €657 | +€656 | +97,916% |
| Recurring financial income | 75 | €1 | €657 | +€656 | +97,916% |
| Financial charges | 65/66B | €3,736 | €13,387 | +€9,651 | +258% |
| Recurring financial charges | 65 | €3,736 | €13,387 | +€9,651 | +258% |
| Profit (loss) for the period before taxes | 9903 | €41,265 | €296,878 | +€255,612 | +619% |
| Income taxes | 67/77 | €9,244 | €88,895 | +€79,650 | +862% |
| Profit (loss) for the period | 9904 | €32,021 | €207,983 | +€175,962 | +550% |
| Profit (loss) for the period to be appropriated | 9905 | €32,021 | €207,983 | +€175,962 | +550% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.