My Water: 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.
My Water
Largest movements
- Tangible fixed assets +€345,437
up €345,437 (+137%), from €251,855 to €597,292
of which Furniture and vehicles: +€349,334
- Cash +€40,726
up €40,726 (+490%), from €8,318 to €49,045
mainly Contributions, distributions and other (+€331,600) and Debts after one year (+€160,234)
- Intangible fixed assets +€29,264
up €29,264 (+332%), from €8,816 to €38,081
- Receivables within one year +€11,333
up €11,333 (+77.9%), from €14,545 to €25,878
of which Other amounts receivable: +€6,816
- Contributions +€331,600
up €331,600 (+80.3%), from €412,820 to €744,420
- Debts after one year +€160,234
up €160,234 (+2,675%), from €5,990 to €166,223
- Short-term financial debts -€82,709
down €82,709 (-87.1%), from €95,000 to €12,291
- Current portion of long-term debt +€62,476
up €62,476 (+246%), from €25,387 to €87,863
- Other debts -€27,552
down €27,552 (-100%), from €27,552 to €0
- Gross operating margin +€208,823
up €208,823, from -€65,704 to €143,119
- Staff costs +€49,991
up €49,991 (+155%), from €32,227 to €82,218
- Depreciation +€25,496
up €25,496 (+96.9%), from €26,305 to €51,802
- Financial charges +€7,295
up €7,295 (+136%), from €5,382 to €12,677
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 | €286,045 | €724,912 | +€438,867 | +153% |
| Fixed assets | 21/28 | €260,981 | €635,682 | +€374,701 | +144% |
| Intangible fixed assets | 21 | €8,816 | €38,081 | +€29,264 | +332% |
| Tangible fixed assets | 22/27 | €251,855 | €597,292 | +€345,437 | +137% |
| Furniture and vehicles | 24 | €236,703 | €586,037 | +€349,334 | +148% |
| Leasing and similar rights | 25 | €15,152 | €11,254 | -€3,897 | -25.7% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €25,064 | €89,230 | +€64,167 | +256% |
| Stocks and contracts in progress | 3 | - | €5,373 | +€5,373 | |
| Stocks | 30/36 | - | €5,373 | +€5,373 | |
| Amounts receivable within one year | 40/41 | €14,545 | €25,878 | +€11,333 | +77.9% |
| Trade receivables | 40 | €11,492 | €16,008 | +€4,516 | +39.3% |
| Other amounts receivable | 41 | €3,053 | €9,870 | +€6,816 | +223% |
| Cash at bank and in hand | 54/58 | €8,318 | €49,045 | +€40,726 | +490% |
| Deferred charges and accrued income | 490/1 | €2,200 | €8,935 | +€6,735 | +306% |
| Total equity and liabilities | 10/49 | €286,045 | €724,912 | +€438,867 | +153% |
| Equity | 10/15 | €105,007 | €419,583 | +€314,576 | +300% |
| Contributions | 10/11 | €412,820 | €744,420 | +€331,600 | +80.3% |
| Profit (loss) carried forward | 14 | -€307,813 | -€324,837 | -€17,024 | -5.5% |
| Amounts payable | 17/49 | €181,038 | €305,329 | +€124,291 | +68.7% |
| Amounts payable after more than one year | 17 | €5,990 | €166,223 | +€160,234 | +2,675% |
| Financial debts | 170/4 | €5,990 | €166,223 | +€160,234 | +2,675% |
| Amounts payable within one year | 42/48 | €175,048 | €137,702 | -€37,346 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €25,387 | €87,863 | +€62,476 | +246% |
| Financial debts | 43 | €95,000 | €12,291 | -€82,709 | -87.1% |
| Credit institutions | 430/8 | €95,000 | €12,291 | -€82,709 | -87.1% |
| Trade debts | 44 | €25,279 | €16,090 | -€9,190 | -36.4% |
| Suppliers | 440/4 | €25,279 | €16,090 | -€9,190 | -36.4% |
| Taxes, remuneration and social security | 45 | €1,830 | €21,458 | +€19,628 | +1,072% |
| Taxes | 450/3 | €0 | €15,693 | +€15,693 | |
| Remuneration and social security | 454/9 | €1,830 | €5,764 | +€3,934 | +215% |
| Other amounts payable | 47/48 | €27,552 | €0 | -€27,552 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,404 | +€1,404 | |
| Non-recurring operating income | 76A | - | €14,400 | +€14,400 | |
| Remuneration, social security and pensions | 62 | €32,227 | €82,218 | +€49,991 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,305 | €51,802 | +€25,496 | +96.9% |
| Other operating charges | 640/8 | €3,875 | €3,901 | +€26 | +0.7% |
| Non-recurring operating charges | 66A | €0 | €9,627 | +€9,627 | |
| Gross operating margin | 9900 | -€65,704 | €143,119 | +€208,823 | |
| Operating profit (loss) | 9901 | -€128,112 | -€4,430 | +€123,682 | +96.5% |
| Financial income | 75/76B | €72 | €84 | +€11 | +15.7% |
| Recurring financial income | 75 | €72 | €84 | +€11 | +15.7% |
| Financial charges | 65/66B | €5,382 | €12,677 | +€7,295 | +136% |
| Recurring financial charges | 65 | €5,382 | €12,677 | +€7,295 | +136% |
| Profit (loss) for the period before taxes | 9903 | -€133,422 | -€17,024 | +€116,398 | +87.2% |
| Profit (loss) for the period | 9904 | -€133,422 | -€17,024 | +€116,398 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,422 | -€17,024 | +€116,398 | +87.2% |
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.