L'HISTOIRE D'EAU: 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'HISTOIRE D'EAU
Largest movements
- Receivables within one year -€9,944
down €9,944 (-59.4%), from €16,744 to €6,799
of which Trade receivables: -€5,080
- Cash -€6,819
down €6,819 (-72.7%), from €9,384 to €2,564
mainly Net result for the year (-€25,568) and Current portion of long-term debt (-€15,821)
- Tangible fixed assets -€5,995
down €5,995 (-9.3%), from €64,411 to €58,416
of which Other tangible fixed assets: -€4,892
- Other debts +€28,759
up €28,759 (+452%), from €6,358 to €35,118
- Profit (loss) carried forward -€25,568
down €25,568 (-26.6%), from -€96,149 to -€121,717
- Current portion of long-term debt -€15,821
down €15,821 (-73.8%), from €21,444 to €5,623
- Debts after one year -€5,623
down €5,623 (-5.1%), from €109,264 to €103,641
- Advances received -€4,531
down €4,531 (-46.0%), from €9,851 to €5,320
- Gross operating margin -€32,348
down €32,348, from €31,798 to -€551
- Financial income -€551
down €551 (-98.5%), from €560 to €9
- Depreciation +€355
up €355 (+2.1%), from €17,114 to €17,469
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 | €95,725 | €74,147 | -€21,578 | -22.5% |
| Fixed assets | 21/28 | €64,411 | €58,416 | -€5,995 | -9.3% |
| Tangible fixed assets | 22/27 | €64,411 | €58,416 | -€5,995 | -9.3% |
| Land and buildings | 22 | €19,000 | €19,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,413 | €1,777 | -€636 | -26.4% |
| Furniture and vehicles | 24 | €571 | €104 | -€467 | -81.8% |
| Other tangible fixed assets | 26 | €42,426 | €37,535 | -€4,892 | -11.5% |
| Current assets | 29/58 | €31,314 | €15,731 | -€15,583 | -49.8% |
| Stocks and contracts in progress | 3 | €2,905 | €3,601 | +€696 | +24.0% |
| Stocks | 30/36 | €2,905 | €3,601 | +€696 | +24.0% |
| Amounts receivable within one year | 40/41 | €16,744 | €6,799 | -€9,944 | -59.4% |
| Trade receivables | 40 | €5,080 | €0 | -€5,080 | -100% |
| Other amounts receivable | 41 | €11,664 | €6,799 | -€4,865 | -41.7% |
| Cash at bank and in hand | 54/58 | €9,384 | €2,564 | -€6,819 | -72.7% |
| Deferred charges and accrued income | 490/1 | €2,282 | €2,767 | +€485 | +21.3% |
| Total equity and liabilities | 10/49 | €95,725 | €74,147 | -€21,578 | -22.5% |
| Equity | 10/15 | -€58,443 | -€84,011 | -€25,568 | -43.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,106 | €19,106 | = | 0.0% |
| Distributable reserves | 133 | €19,106 | €19,106 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,149 | -€121,717 | -€25,568 | -26.6% |
| Amounts payable | 17/49 | €154,168 | €158,158 | +€3,990 | +2.6% |
| Amounts payable after more than one year | 17 | €109,264 | €103,641 | -€5,623 | -5.1% |
| Financial debts | 170/4 | €109,264 | €103,641 | -€5,623 | -5.1% |
| Amounts payable within one year | 42/48 | €44,904 | €52,688 | +€7,783 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €21,444 | €5,623 | -€15,821 | -73.8% |
| Trade debts | 44 | €1,245 | €4,167 | +€2,922 | +235% |
| Suppliers | 440/4 | €1,245 | €4,167 | +€2,922 | +235% |
| Advances received on contracts in progress | 46 | €9,851 | €5,320 | -€4,531 | -46.0% |
| Taxes, remuneration and social security | 45 | €6,007 | €2,461 | -€3,546 | -59.0% |
| Taxes | 450/3 | €6,007 | €2,461 | -€3,546 | -59.0% |
| Other amounts payable | 47/48 | €6,358 | €35,118 | +€28,759 | +452% |
| Accrued charges and deferred income | 492/3 | - | €1,829 | +€1,829 | |
| Non-recurring operating income | 76A | €6,033 | €0 | -€6,033 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,114 | €17,469 | +€355 | +2.1% |
| Other operating charges | 640/8 | €2,319 | €2,336 | +€17 | +0.7% |
| Gross operating margin | 9900 | €31,798 | -€551 | -€32,348 | |
| Operating profit (loss) | 9901 | €12,365 | -€20,355 | -€32,720 | |
| Financial income | 75/76B | €560 | €9 | -€551 | -98.5% |
| Recurring financial income | 75 | €560 | €9 | -€551 | -98.5% |
| Financial charges | 65/66B | €5,300 | €5,220 | -€80 | -1.5% |
| Recurring financial charges | 65 | €5,300 | €5,220 | -€80 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €7,625 | -€25,566 | -€33,191 | |
| Income taxes | 67/77 | €4 | €2 | -€2 | -58.3% |
| Profit (loss) for the period | 9904 | €7,621 | -€25,568 | -€33,189 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,621 | -€25,568 | -€33,189 |
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 27 October 2026 via checked.be.