Nina Watté: 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.
Nina Watté
Largest movements
- Cash +€337,073
up €337,073 (+381.9%), from €88,264 to €425,336
mainly Net result for the year (+€252,185) and Tax, wage and social debts (+€81,446)
- Receivables within one year -€19,381
down €19,381 (-14.3%), from €135,335 to €115,954
of which Other amounts receivable: -€19,111
- Reserves +€252,185
up €252,185 (+152.6%), from €165,249 to €417,434
- Tax, wage and social debts +€81,446
up €81,446 (+185.0%), from €44,034 to €125,481
- Other debts -€14,895
down €14,895 (-100.0%), from €14,895 to €0
- Gross operating margin +€150,815
up €150,815 (+81.1%), from €185,903 to €336,717
- Taxes +€37,420
up €37,420 (+84.9%), from €44,051 to €81,471
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.
Cash bridge derived
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 | €228,583 | €548,912 | +€320,329 | +140.1% |
| Fixed assets | 21/28 | €4,585 | €3,922 | -€663 | -14.5% |
| Tangible fixed assets | 22/27 | €4,585 | €3,922 | -€663 | -14.5% |
| Furniture and vehicles | 24 | €676 | €280 | -€396 | -58.6% |
| Other tangible fixed assets | 26 | €3,908 | €3,642 | -€267 | -6.8% |
| Current assets | 29/58 | €223,998 | €544,990 | +€320,992 | +143.3% |
| Amounts receivable within one year | 40/41 | €135,335 | €115,954 | -€19,381 | -14.3% |
| Trade receivables | 40 | €270 | €0 | -€270 | -100.0% |
| Other amounts receivable | 41 | €135,065 | €115,954 | -€19,111 | -14.1% |
| Cash at bank and in hand | 54/58 | €88,264 | €425,336 | +€337,073 | +381.9% |
| Deferred charges and accrued income | 490/1 | €399 | €3,700 | +€3,301 | +826.7% |
| Total equity and liabilities | 10/49 | €228,583 | €548,912 | +€320,329 | +140.1% |
| Equity | 10/15 | €166,749 | €418,934 | +€252,185 | +151.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €165,249 | €417,434 | +€252,185 | +152.6% |
| Distributable reserves | 133 | €165,249 | €417,434 | +€252,185 | +152.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,834 | €129,977 | +€68,144 | +110.2% |
| Amounts payable within one year | 42/48 | €60,094 | €129,977 | +€69,884 | +116.3% |
| Trade debts | 44 | €1,164 | €4,497 | +€3,333 | +286.2% |
| Suppliers | 440/4 | €1,164 | €4,497 | +€3,333 | +286.2% |
| Taxes, remuneration and social security | 45 | €44,034 | €125,481 | +€81,446 | +185.0% |
| Taxes | 450/3 | €44,034 | €125,481 | +€81,446 | +185.0% |
| Other amounts payable | 47/48 | €14,895 | €0 | -€14,895 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,740 | €0 | -€1,740 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €546 | €663 | +€117 | +21.5% |
| Other operating charges | 640/8 | €421 | €2,488 | +€2,067 | +491.0% |
| Gross operating margin | 9900 | €185,903 | €336,717 | +€150,815 | +81.1% |
| Operating profit (loss) | 9901 | €184,936 | €333,566 | +€148,630 | +80.4% |
| Financial income | 75/76B | €56 | €1,134 | +€1,078 | +1933.4% |
| Recurring financial income | 75 | €56 | €1,134 | +€1,078 | +1933.4% |
| Financial charges | 65/66B | €142 | €1,044 | +€902 | +636.3% |
| Recurring financial charges | 65 | €142 | €1,044 | +€902 | +636.3% |
| Profit (loss) for the period before taxes | 9903 | €184,850 | €333,656 | +€148,806 | +80.5% |
| Income taxes | 67/77 | €44,051 | €81,471 | +€37,420 | +84.9% |
| Profit (loss) for the period | 9904 | €140,799 | €252,185 | +€111,386 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €140,799 | €252,185 | +€111,386 | +79.1% |
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 11 October 2026 via checked.be.