Het Waterland: what changed
Het Waterland
Largest movements
- Tangible fixed assets +€10,060
up €10,060 (+12.0%), from €84,058 to €94,119
of which Furniture and vehicles: +€16,855
- Receivables within one year +€2,929
up €2,929 (+47.5%), from €6,166 to €9,095
of which Trade receivables: +€8,394
- Deferred charges and accrued income +€1,118
up €1,118 (+181%), from €619 to €1,737
- Other debts +€13,105
up €13,105 (+14.8%), from €88,602 to €101,707
- Tax, wage and social debts -€7,607
down €7,607 (-100%), from €7,607 to €0
of which Taxes: -€6,657
- Advances received +€5,938
up €5,938 (+124%), from €4,774 to €10,712
- Profit (loss) carried forward +€4,821
up €4,821 (+25.9%), from -€18,595 to -€13,774
- Gross operating margin +€35,827
up €35,827, from -€9,735 to €26,092
- Staff costs -€7,183
down €7,183 (-80.6%), from €8,908 to €1,725
- Depreciation +€5,351
up €5,351 (+47.8%), from €11,197 to €16,548
- Other operating charges +€287
up €287 (+10.9%), from €2,639 to €2,926
- Financial charges -€264
down €264 (-65.3%), from €405 to €141
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 | €94,959 | €109,895 | +€14,936 | +15.7% |
| Fixed assets | 21/28 | €84,349 | €95,410 | +€11,060 | +13.1% |
| Tangible fixed assets | 22/27 | €84,058 | €94,119 | +€10,060 | +12.0% |
| Land and buildings | 22 | €24,576 | €23,796 | -€779 | -3.2% |
| Plant, machinery and equipment | 23 | €6,272 | €9,524 | +€3,251 | +51.8% |
| Furniture and vehicles | 24 | €3,550 | €20,405 | +€16,855 | +475% |
| Other tangible fixed assets | 26 | €49,660 | €40,394 | -€9,266 | -18.7% |
| Financial fixed assets | 28 | €291 | €1,291 | +€1,000 | +344% |
| Current assets | 29/58 | €10,610 | €14,485 | +€3,876 | +36.5% |
| Amounts receivable within one year | 40/41 | €6,166 | €9,095 | +€2,929 | +47.5% |
| Trade receivables | 40 | €144 | €8,538 | +€8,394 | +5,842% |
| Other amounts receivable | 41 | €6,022 | €557 | -€5,465 | -90.8% |
| Cash at bank and in hand | 54/58 | €3,825 | €3,654 | -€171 | -4.5% |
| Deferred charges and accrued income | 490/1 | €619 | €1,737 | +€1,118 | +181% |
| Total equity and liabilities | 10/49 | €94,959 | €109,895 | +€14,936 | +15.7% |
| Equity | 10/15 | -€17,595 | -€12,774 | +€4,821 | +27.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,595 | -€13,774 | +€4,821 | +25.9% |
| Amounts payable | 17/49 | €112,554 | €122,669 | +€10,115 | +9.0% |
| Amounts payable within one year | 42/48 | €112,554 | €122,669 | +€10,115 | +9.0% |
| Financial debts | 43 | €913 | €252 | -€661 | -72.4% |
| Credit institutions | 430/8 | €913 | €252 | -€661 | -72.4% |
| Trade debts | 44 | €10,658 | €9,998 | -€660 | -6.2% |
| Suppliers | 440/4 | €10,658 | €9,998 | -€660 | -6.2% |
| Advances received on contracts in progress | 46 | €4,774 | €10,712 | +€5,938 | +124% |
| Taxes, remuneration and social security | 45 | €7,607 | €0 | -€7,607 | -100% |
| Taxes | 450/3 | €6,657 | €0 | -€6,657 | -100% |
| Remuneration and social security | 454/9 | €950 | €0 | -€950 | -100% |
| Other amounts payable | 47/48 | €88,602 | €101,707 | +€13,105 | +14.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €8,908 | €1,725 | -€7,183 | -80.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,197 | €16,548 | +€5,351 | +47.8% |
| Other operating charges | 640/8 | €2,639 | €2,926 | +€287 | +10.9% |
| Gross operating margin | 9900 | -€9,735 | €26,092 | +€35,827 | |
| Operating profit (loss) | 9901 | -€32,479 | €4,893 | +€37,372 | |
| Financial income | 75/76B | €57 | €68 | +€11 | +19.7% |
| Recurring financial income | 75 | €57 | €68 | +€11 | +19.7% |
| Financial charges | 65/66B | €405 | €141 | -€264 | -65.3% |
| Recurring financial charges | 65 | €405 | €141 | -€264 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,827 | €4,821 | +€37,648 | |
| Profit (loss) for the period | 9904 | -€32,827 | €4,821 | +€37,648 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,827 | €4,821 | +€37,648 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.