L'EAU VIVE. Arbre: 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 VIVE. Arbre
Largest movements
- Cash -€110,520
down €110,520 (-58.0%), from €190,568 to €80,048
mainly Investment in fixed assets (net) (-€186,754) and Other debts (-€90,486)
- Receivables within one year +€49,413
up €49,413 (+78.9%), from €62,646 to €112,059
of which Trade receivables: +€71,978
- Tangible fixed assets +€48,067
up €48,067 (+5.3%), from €900,433 to €948,500
of which Plant, machinery and equipment: +€46,724
- Intangible fixed assets -€20,447
down €20,447 (-23.5%), from €86,902 to €66,455
- Other debts -€90,486
down €90,486 (-26.3%), from €343,832 to €253,346
- Profit (loss) carried forward +€36,671
up €36,671 (+7.4%), from €492,234 to €528,905
- Tax, wage and social debts +€28,764
up €28,764 (+23.8%), from €120,715 to €149,479
of which Taxes: +€22,773
- Gross operating margin +€63,599
up €63,599 (+6.9%), from €924,026 to €987,625
- Taxes +€21,014
up €21,014 (+58.5%), from €35,918 to €56,932
- Staff costs +€16,589
up €16,589 (+2.6%), from €626,330 to €642,919
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 | €1,358,644 | €1,324,124 | -€34,520 | -2.5% |
| Fixed assets | 21/28 | €989,820 | €1,018,520 | +€28,700 | +2.9% |
| Intangible fixed assets | 21 | €86,902 | €66,455 | -€20,447 | -23.5% |
| Tangible fixed assets | 22/27 | €900,433 | €948,500 | +€48,067 | +5.3% |
| Land and buildings | 22 | €257,377 | €240,879 | -€16,498 | -6.4% |
| Plant, machinery and equipment | 23 | €565,845 | €612,569 | +€46,724 | +8.3% |
| Furniture and vehicles | 24 | €77,211 | €95,052 | +€17,841 | +23.1% |
| Financial fixed assets | 28 | €2,485 | €3,565 | +€1,080 | +43.5% |
| Current assets | 29/58 | €368,824 | €305,604 | -€63,220 | -17.1% |
| Stocks and contracts in progress | 3 | €109,727 | €107,511 | -€2,216 | -2.0% |
| Stocks | 30/36 | €109,727 | €107,511 | -€2,216 | -2.0% |
| Amounts receivable within one year | 40/41 | €62,646 | €112,059 | +€49,413 | +78.9% |
| Trade receivables | 40 | €23,463 | €95,441 | +€71,978 | +307% |
| Other amounts receivable | 41 | €39,183 | €16,618 | -€22,565 | -57.6% |
| Cash at bank and in hand | 54/58 | €190,568 | €80,048 | -€110,520 | -58.0% |
| Deferred charges and accrued income | 490/1 | €5,883 | €5,986 | +€103 | +1.8% |
| Total equity and liabilities | 10/49 | €1,358,644 | €1,324,124 | -€34,520 | -2.5% |
| Equity | 10/15 | €625,294 | €651,965 | +€26,671 | +4.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €125,000 | €115,000 | -€10,000 | -8.0% |
| Distributable reserves | 133 | €125,000 | €115,000 | -€10,000 | -8.0% |
| Profit (loss) carried forward | 14 | €492,234 | €528,905 | +€36,671 | +7.4% |
| Amounts payable | 17/49 | €733,350 | €672,159 | -€61,191 | -8.3% |
| Amounts payable after more than one year | 17 | €108,234 | €96,703 | -€11,531 | -10.7% |
| Financial debts | 170/4 | €108,234 | €96,703 | -€11,531 | -10.7% |
| Amounts payable within one year | 42/48 | €625,116 | €567,888 | -€57,228 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €58,257 | €64,673 | +€6,416 | +11.0% |
| Trade debts | 44 | €102,312 | €100,390 | -€1,922 | -1.9% |
| Suppliers | 440/4 | €90,478 | €91,200 | +€722 | +0.8% |
| Bills of exchange payable | 441 | €11,834 | €9,190 | -€2,644 | -22.3% |
| Taxes, remuneration and social security | 45 | €120,715 | €149,479 | +€28,764 | +23.8% |
| Taxes | 450/3 | €80,617 | €103,390 | +€22,773 | +28.2% |
| Remuneration and social security | 454/9 | €40,098 | €46,089 | +€5,991 | +14.9% |
| Other amounts payable | 47/48 | €343,832 | €253,346 | -€90,486 | -26.3% |
| Accrued charges and deferred income | 492/3 | - | €7,568 | +€7,568 | |
| Remuneration, social security and pensions | 62 | €626,330 | €642,919 | +€16,589 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,299 | €158,054 | +€1,755 | +1.1% |
| Other operating charges | 640/8 | €11,701 | €11,779 | +€78 | +0.7% |
| Gross operating margin | 9900 | €924,026 | €987,625 | +€63,599 | +6.9% |
| Operating profit (loss) | 9901 | €129,696 | €174,873 | +€45,177 | +34.8% |
| Financial income | 75/76B | €1,385 | €413 | -€972 | -70.2% |
| Recurring financial income | 75 | €1,385 | €413 | -€972 | -70.2% |
| Financial charges | 65/66B | €25,267 | €21,683 | -€3,584 | -14.2% |
| Recurring financial charges | 65 | €25,267 | €21,683 | -€3,584 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €105,814 | €153,603 | +€47,789 | +45.2% |
| Income taxes | 67/77 | €35,918 | €56,932 | +€21,014 | +58.5% |
| Profit (loss) for the period | 9904 | €69,896 | €96,671 | +€26,775 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,896 | €96,671 | +€26,775 | +38.3% |
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.