HET WACHTHUISJE: 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.
HET WACHTHUISJE
Largest movements
- Tangible fixed assets +€30,506
up €30,506 (+30.6%), from €99,566 to €130,072
of which Land and buildings: +€28,649
- Cash +€17,063
up €17,063 (+86.4%), from €19,755 to €36,818
mainly Debts after one year (+€24,077) and Depreciation (+€15,185)
- Receivables within one year -€3,691
down €3,691 (-34.7%), from €10,652 to €6,961
of which Trade receivables: -€2,399
- Debts after one year +€24,077
up €24,077 (+101%), from €23,944 to €48,021
- Current portion of long-term debt +€10,393
up €10,393 (+133%), from €7,800 to €18,193
- Reserves +€4,789
up €4,789 (+9.7%), from €49,448 to €54,237
- Tax, wage and social debts +€2,505
up €2,505 (+30.4%), from €8,247 to €10,752
of which Remuneration and social security: +€2,087
- Trade debts +€2,235
up €2,235 (+48.1%), from €4,651 to €6,886
- Staff costs +€24,303
up €24,303 (+37.6%), from €64,598 to €88,901
- Gross operating margin +€11,656
up €11,656 (+11.1%), from €105,480 to €117,136
- Taxes -€4,352
down €4,352 (-54.7%), from €7,956 to €3,604
- Depreciation +€1,380
up €1,380 (+10.0%), from €13,805 to €15,185
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 | €131,276 | €174,163 | +€42,887 | +32.7% |
| Fixed assets | 21/28 | €99,566 | €130,072 | +€30,506 | +30.6% |
| Tangible fixed assets | 22/27 | €99,566 | €130,072 | +€30,506 | +30.6% |
| Land and buildings | 22 | €3,482 | €32,131 | +€28,649 | +823% |
| Plant, machinery and equipment | 23 | €8,004 | €7,854 | -€151 | -1.9% |
| Furniture and vehicles | 24 | €4,051 | €10,100 | +€6,049 | +149% |
| Other tangible fixed assets | 26 | €84,028 | €79,987 | -€4,041 | -4.8% |
| Current assets | 29/58 | €31,710 | €44,091 | +€12,381 | +39.0% |
| Amounts receivable within one year | 40/41 | €10,652 | €6,961 | -€3,691 | -34.7% |
| Trade receivables | 40 | €4,113 | €1,714 | -€2,399 | -58.3% |
| Other amounts receivable | 41 | €6,539 | €5,247 | -€1,292 | -19.8% |
| Cash at bank and in hand | 54/58 | €19,755 | €36,818 | +€17,063 | +86.4% |
| Deferred charges and accrued income | 490/1 | €1,303 | €312 | -€991 | -76.0% |
| Total equity and liabilities | 10/49 | €131,276 | €174,163 | +€42,887 | +32.7% |
| Equity | 10/15 | €55,648 | €60,437 | +€4,789 | +8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,448 | €54,237 | +€4,789 | +9.7% |
| Distributable reserves | 133 | €49,448 | €54,237 | +€4,789 | +9.7% |
| Amounts payable | 17/49 | €75,628 | €113,726 | +€38,099 | +50.4% |
| Amounts payable after more than one year | 17 | €23,944 | €48,021 | +€24,077 | +101% |
| Financial debts | 170/4 | €23,944 | €48,021 | +€24,077 | +101% |
| Amounts payable within one year | 42/48 | €51,684 | €65,706 | +€14,022 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €7,800 | €18,193 | +€10,393 | +133% |
| Trade debts | 44 | €4,651 | €6,886 | +€2,235 | +48.1% |
| Suppliers | 440/4 | €4,651 | €6,886 | +€2,235 | +48.1% |
| Taxes, remuneration and social security | 45 | €8,247 | €10,752 | +€2,505 | +30.4% |
| Taxes | 450/3 | €2,773 | €3,191 | +€418 | +15.1% |
| Remuneration and social security | 454/9 | €5,474 | €7,561 | +€2,087 | +38.1% |
| Other amounts payable | 47/48 | €30,985 | €29,874 | -€1,111 | -3.6% |
| Remuneration, social security and pensions | 62 | €64,598 | €88,901 | +€24,303 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,805 | €15,185 | +€1,380 | +10.0% |
| Other operating charges | 640/8 | €1,603 | €1,520 | -€83 | -5.1% |
| Gross operating margin | 9900 | €105,480 | €117,136 | +€11,656 | +11.1% |
| Operating profit (loss) | 9901 | €25,474 | €11,530 | -€13,944 | -54.7% |
| Financial income | 75/76B | €993 | €2,084 | +€1,091 | +110% |
| Recurring financial income | 75 | €993 | €2,084 | +€1,091 | +110% |
| Financial charges | 65/66B | €3,246 | €3,504 | +€258 | +7.9% |
| Recurring financial charges | 65 | €3,246 | €3,504 | +€258 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €23,221 | €10,111 | -€13,111 | -56.5% |
| Income taxes | 67/77 | €7,956 | €3,604 | -€4,352 | -54.7% |
| Profit (loss) for the period | 9904 | €15,265 | €6,507 | -€8,758 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,265 | €6,507 | -€8,758 | -57.4% |
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 30 October 2026 via checked.be.