ORIGIN'EAU: what changed
Two fiscal 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.
ORIGIN'EAU
Largest movements
- Stocks and contracts +€100,154
up €100,154 (+15.2%), from €659,925 to €760,079
- Tangible fixed assets -€75,648
down €75,648 (-5.4%), from €1.4m to €1.3m
of which Furniture and vehicles: -€155,483
- Receivables within one year -€31,095
down €31,095 (-56.5%), from €55,009 to €23,914
of which Other amounts receivable: -€20,570
- Debts after one year +€388,722
up €388,722 (+14.6%), from €2.7m to €3.1m
- Profit (loss) carried forward -€237,114
down €237,114 (-29.9%), from -€792,426 to -€1.0m
- Trade debts -€110,078
down €110,078 (-59.4%), from €185,247 to €75,169
- Other debts -€36,315
down €36,315 (-82.2%), from €44,184 to €7,869
- Gross operating margin +€221,619
up €221,619, from -€144,187 to €77,432
- Staff costs +€47,004
up €47,004 (+188.0%), from €25,007 to €72,011
- Depreciation +€36,760
up €36,760 (+21.1%), from €174,133 to €210,893
- Other operating charges +€12,263
up €12,263 (+137.5%), from €8,920 to €21,184
- Taxes +€8,788
new in 2025: €8,788
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 | €2,124,907 | €2,133,527 | +€8,620 | +0.4% |
| Fixed assets | 21/28 | €1,396,323 | €1,320,700 | -€75,623 | -5.4% |
| Tangible fixed assets | 22/27 | €1,396,323 | €1,320,675 | -€75,648 | -5.4% |
| Plant, machinery and equipment | 23 | €104,290 | €115,940 | +€11,651 | +11.2% |
| Furniture and vehicles | 24 | €438,131 | €282,649 | -€155,483 | -35.5% |
| Other tangible fixed assets | 26 | €853,902 | €922,086 | +€68,184 | +8.0% |
| Financial fixed assets | 28 | - | €25 | +€25 | |
| Current assets | 29/58 | €728,584 | €812,826 | +€84,243 | +11.6% |
| Stocks and contracts in progress | 3 | €659,925 | €760,079 | +€100,154 | +15.2% |
| Stocks | 30/36 | €659,925 | €760,079 | +€100,154 | +15.2% |
| Amounts receivable within one year | 40/41 | €55,009 | €23,914 | -€31,095 | -56.5% |
| Trade receivables | 40 | €24,436 | €13,911 | -€10,525 | -43.1% |
| Other amounts receivable | 41 | €30,573 | €10,003 | -€20,570 | -67.3% |
| Cash at bank and in hand | 54/58 | €8,015 | €24,387 | +€16,372 | +204.3% |
| Deferred charges and accrued income | 490/1 | €5,634 | €4,446 | -€1,188 | -21.1% |
| Total equity and liabilities | 10/49 | €2,124,907 | €2,133,527 | +€8,620 | +0.4% |
| Equity | 10/15 | -€785,395 | -€1,022,509 | -€237,114 | -30.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €832 | €832 | = | 0.0% |
| Distributable reserves | 133 | €832 | €832 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€792,426 | -€1,029,541 | -€237,114 | -29.9% |
| Amounts payable | 17/49 | €2,910,302 | €3,156,036 | +€245,734 | +8.4% |
| Amounts payable after more than one year | 17 | €2,670,145 | €3,058,867 | +€388,722 | +14.6% |
| Financial debts | 170/4 | €2,670,145 | €3,058,867 | +€388,722 | +14.6% |
| Amounts payable within one year | 42/48 | €240,157 | €96,713 | -€143,444 | -59.7% |
| Trade debts | 44 | €185,247 | €75,169 | -€110,078 | -59.4% |
| Suppliers | 440/4 | €185,247 | €75,169 | -€110,078 | -59.4% |
| Advances received on contracts in progress | 46 | €2,000 | €0 | -€2,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €8,725 | €13,675 | +€4,949 | +56.7% |
| Taxes | 450/3 | €3,660 | €5,306 | +€1,645 | +45.0% |
| Remuneration and social security | 454/9 | €5,065 | €8,369 | +€3,304 | +65.2% |
| Other amounts payable | 47/48 | €44,184 | €7,869 | -€36,315 | -82.2% |
| Accrued charges and deferred income | 492/3 | - | €456 | +€456 | |
| Remuneration, social security and pensions | 62 | €25,007 | €72,011 | +€47,004 | +188.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,133 | €210,893 | +€36,760 | +21.1% |
| Other operating charges | 640/8 | €8,920 | €21,184 | +€12,263 | +137.5% |
| Gross operating margin | 9900 | -€144,187 | €77,432 | +€221,619 | |
| Operating profit (loss) | 9901 | -€352,248 | -€226,656 | +€125,592 | +35.7% |
| Financial income | 75/76B | €564 | €0 | -€564 | -100.0% |
| Recurring financial income | 75 | €564 | €0 | -€564 | -100.0% |
| Financial charges | 65/66B | €446 | €1,671 | +€1,225 | +274.6% |
| Recurring financial charges | 65 | €446 | €1,671 | +€1,225 | +274.6% |
| Profit (loss) for the period before taxes | 9903 | -€352,130 | -€228,327 | +€123,804 | +35.2% |
| Income taxes | 67/77 | - | €8,788 | +€8,788 | |
| Profit (loss) for the period | 9904 | -€352,130 | -€237,114 | +€115,016 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€352,130 | -€237,114 | +€115,016 | +32.7% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.