GROUP WATERVLIET: 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.
GROUP WATERVLIET
Largest movements
- Tangible fixed assets -€76,876
down €76,876 (-2.3%), from €3.4m to €3.3m
of which Land and buildings: -€76,679
- Debts after one year -€35,085
down €35,085 (-5.9%), from €591,784 to €556,699
- Gross operating margin +€106,317
up €106,317, from -€7,540 to €98,778
- Depreciation +€65,807
up €65,807 (+378%), from €17,412 to €83,219
- Financial charges +€10,330
up €10,330 (+80.2%), from €12,885 to €23,215
- Other operating charges +€4,591
up €4,591 (+305%), from €1,504 to €6,095
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 | €3,445,025 | €3,340,498 | -€104,527 | -3.0% |
| Fixed assets | 21/28 | €3,378,771 | €3,301,895 | -€76,876 | -2.3% |
| Tangible fixed assets | 22/27 | €3,377,371 | €3,300,495 | -€76,876 | -2.3% |
| Land and buildings | 22 | €3,377,174 | €3,300,495 | -€76,679 | -2.3% |
| Furniture and vehicles | 24 | €197 | - | -€197 | |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €66,254 | €38,603 | -€27,651 | -41.7% |
| Amounts receivable within one year | 40/41 | €13 | €1,625 | +€1,612 | +12,027% |
| Trade receivables | 40 | €13 | €1,625 | +€1,612 | +12,027% |
| Cash at bank and in hand | 54/58 | €57,429 | €28,734 | -€28,695 | -50.0% |
| Deferred charges and accrued income | 490/1 | €8,811 | €8,244 | -€568 | -6.4% |
| Total equity and liabilities | 10/49 | €3,445,025 | €3,340,498 | -€104,527 | -3.0% |
| Equity | 10/15 | €1,138,282 | €1,133,961 | -€4,321 | -0.4% |
| Contributions | 10/11 | €1,175,000 | €1,175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,718 | -€41,039 | -€4,321 | -11.8% |
| Amounts payable | 17/49 | €2,306,743 | €2,206,537 | -€100,206 | -4.3% |
| Amounts payable after more than one year | 17 | €591,784 | €556,699 | -€35,085 | -5.9% |
| Financial debts | 170/4 | €591,784 | €556,699 | -€35,085 | -5.9% |
| Amounts payable within one year | 42/48 | €1,689,984 | €1,644,527 | -€45,458 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €33,785 | €35,085 | +€1,300 | +3.8% |
| Trade debts | 44 | €39,846 | €10,920 | -€28,926 | -72.6% |
| Suppliers | 440/4 | €39,846 | €10,920 | -€28,926 | -72.6% |
| Taxes, remuneration and social security | 45 | - | €126 | +€126 | |
| Taxes | 450/3 | - | €126 | +€126 | |
| Other amounts payable | 47/48 | €1,616,353 | €1,598,395 | -€17,958 | -1.1% |
| Accrued charges and deferred income | 492/3 | €24,975 | €5,312 | -€19,663 | -78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,412 | €83,219 | +€65,807 | +378% |
| Other operating charges | 640/8 | €1,504 | €6,095 | +€4,591 | +305% |
| Gross operating margin | 9900 | -€7,540 | €98,778 | +€106,317 | |
| Operating profit (loss) | 9901 | -€26,455 | €9,463 | +€35,919 | |
| Financial income | 75/76B | €8,775 | €9,557 | +€782 | +8.9% |
| Recurring financial income | 75 | €8,775 | €9,557 | +€782 | +8.9% |
| Financial charges | 65/66B | €12,885 | €23,215 | +€10,330 | +80.2% |
| Recurring financial charges | 65 | €12,885 | €23,215 | +€10,330 | +80.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,566 | -€4,195 | +€26,371 | +86.3% |
| Income taxes | 67/77 | - | €126 | +€126 | |
| Profit (loss) for the period | 9904 | -€30,566 | -€4,321 | +€26,244 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,566 | -€4,321 | +€26,244 | +85.9% |
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 29 October 2026 via checked.be.