L'EAU INVEST: 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.
L'EAU INVEST
Largest movements
- Tangible fixed assets +€400,895
up €400,895 (+15.2%), from €2.6m to €3.0m
of which Assets under construction and advance payments: +€319,581
- Cash +€137,558
up €137,558 (+78.7%), from €174,776 to €312,334
mainly Other debts (+€516,080) and Depreciation (+€109,100)
- Other debts +€516,080
up €516,080 (+57.2%), from €901,762 to €1.4m
- Gross operating margin +€221,411
up €221,411, from -€78,935 to €142,475
- Depreciation -€20,360
down €20,360 (-15.7%), from €129,460 to €109,100
- Taxes +€1,618
up €1,618 (+319%), from €506 to €2,124
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 | €2,843,167 | €3,353,371 | +€510,203 | +17.9% |
| Fixed assets | 21/28 | €2,634,352 | €3,034,902 | +€400,550 | +15.2% |
| Tangible fixed assets | 22/27 | €2,633,757 | €3,034,652 | +€400,895 | +15.2% |
| Land and buildings | 22 | €2,543,271 | €2,643,354 | +€100,083 | +3.9% |
| Furniture and vehicles | 24 | €72,631 | €53,862 | -€18,769 | -25.8% |
| Assets under construction and advance payments | 27 | €17,855 | €337,436 | +€319,581 | +1,790% |
| Financial fixed assets | 28 | €595 | €250 | -€345 | -58.0% |
| Current assets | 29/58 | €208,816 | €318,469 | +€109,653 | +52.5% |
| Amounts receivable within one year | 40/41 | €23,911 | €2,531 | -€21,380 | -89.4% |
| Trade receivables | 40 | €23,420 | €2,304 | -€21,116 | -90.2% |
| Other amounts receivable | 41 | €491 | €227 | -€264 | -53.8% |
| Cash at bank and in hand | 54/58 | €174,776 | €312,334 | +€137,558 | +78.7% |
| Deferred charges and accrued income | 490/1 | €10,129 | €3,604 | -€6,525 | -64.4% |
| Total equity and liabilities | 10/49 | €2,843,167 | €3,353,371 | +€510,203 | +17.9% |
| Equity | 10/15 | €1,896,165 | €1,910,654 | +€14,488 | +0.8% |
| Contributions | 10/11 | €353,360 | €353,360 | = | 0.0% |
| Reserves | 13 | €1,542,805 | €1,557,294 | +€14,488 | +0.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,542,805 | €1,557,294 | +€14,488 | +0.9% |
| Amounts payable | 17/49 | €947,002 | €1,442,717 | +€495,715 | +52.3% |
| Amounts payable within one year | 42/48 | €946,006 | €1,441,717 | +€495,711 | +52.4% |
| Trade debts | 44 | €34,123 | €15,727 | -€18,396 | -53.9% |
| Suppliers | 440/4 | €34,123 | €15,727 | -€18,396 | -53.9% |
| Taxes, remuneration and social security | 45 | €10,122 | €8,149 | -€1,973 | -19.5% |
| Taxes | 450/3 | €4,013 | €2,149 | -€1,864 | -46.5% |
| Remuneration and social security | 454/9 | €6,109 | €6,000 | -€109 | -1.8% |
| Other amounts payable | 47/48 | €901,762 | €1,417,842 | +€516,080 | +57.2% |
| Accrued charges and deferred income | 492/3 | €996 | €1,000 | +€4 | +0.4% |
| Non-recurring operating income | 76A | €0 | €202,028 | +€202,028 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,460 | €109,100 | -€20,360 | -15.7% |
| Other operating charges | 640/8 | €17,952 | €16,663 | -€1,288 | -7.2% |
| Gross operating margin | 9900 | -€78,935 | €142,475 | +€221,411 | |
| Operating profit (loss) | 9901 | -€226,347 | €16,712 | +€243,059 | |
| Financial income | 75/76B | €0 | €104 | +€104 | +521,050% |
| Recurring financial income | 75 | €0 | €104 | +€104 | +521,050% |
| Financial charges | 65/66B | €374 | €204 | -€170 | -45.5% |
| Recurring financial charges | 65 | €374 | €204 | -€170 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | -€226,721 | €16,612 | +€243,333 | |
| Income taxes | 67/77 | €506 | €2,124 | +€1,618 | +319% |
| Profit (loss) for the period | 9904 | -€227,227 | €14,488 | +€241,715 | |
| Profit (loss) for the period to be appropriated | 9905 | -€227,227 | €14,488 | +€241,715 |
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 30 October 2026 via checked.be.