PARC DE L'EAU ROUGE: 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.
PARC DE L'EAU ROUGE
Largest movements
- Receivables within one year +€34,320
up €34,320 (+504%), from €6,804 to €41,124
- Tangible fixed assets -€15,234
down €15,234 (-7.2%), from €211,938 to €196,704
- Stocks and contracts -€13,792
down €13,792 (-21.2%), from €65,028 to €51,236
- Cash -€12,983
down €12,983 (-21.0%), from €61,817 to €48,834
mainly Receivables within one year (-€34,320) and Other debts (-€8,400)
- Profit (loss) carried forward +€11,774
up €11,774 (+17.6%), from €66,954 to €78,727
- Reserves +€10,000
up €10,000 (+21.6%), from €46,239 to €56,239
of which Distributable reserves: +€10,000
- Other debts -€8,400
down €8,400 (-13.6%), from €61,620 to €53,220
- Trade debts -€7,788
down €7,788 (-44.3%), from €17,595 to €9,807
- Debts after one year -€5,750
no longer reported in 2025 (was €5,750)
- Gross operating margin -€35,875
down €35,875 (-26.5%), from €135,541 to €99,667
- Staff costs -€23,867
down €23,867 (-31.8%), from €74,987 to €51,120
- Taxes -€12,973
down €12,973 (-76.9%), from €16,863 to €3,889
- Depreciation -€3,839
down €3,839 (-20.1%), from €19,073 to €15,234
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 | €347,522 | €341,633 | -€5,889 | -1.7% |
| Fixed assets | 21/28 | €212,073 | €196,839 | -€15,234 | -7.2% |
| Tangible fixed assets | 22/27 | €211,938 | €196,704 | -€15,234 | -7.2% |
| Land and buildings | 22 | €186,738 | €183,973 | -€2,765 | -1.5% |
| Plant, machinery and equipment | 23 | €7,092 | €218 | -€6,874 | -96.9% |
| Furniture and vehicles | 24 | €5,595 | - | -€5,595 | |
| Assets under construction and advance payments | 27 | €12,513 | €12,513 | = | 0.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €135,449 | €144,795 | +€9,345 | +6.9% |
| Stocks and contracts in progress | 3 | €65,028 | €51,236 | -€13,792 | -21.2% |
| Stocks | 30/36 | €65,028 | €51,236 | -€13,792 | -21.2% |
| Amounts receivable within one year | 40/41 | €6,804 | €41,124 | +€34,320 | +504% |
| Trade receivables | 40 | €6,804 | €41,124 | +€34,320 | +504% |
| Cash at bank and in hand | 54/58 | €61,817 | €48,834 | -€12,983 | -21.0% |
| Deferred charges and accrued income | 490/1 | €1,800 | €3,600 | +€1,800 | +100% |
| Total equity and liabilities | 10/49 | €347,522 | €341,633 | -€5,889 | -1.7% |
| Equity | 10/15 | €241,154 | €262,928 | +€21,774 | +9.0% |
| Revaluation surpluses | 12 | €127,961 | €127,961 | = | 0.0% |
| Reserves | 13 | €46,239 | €56,239 | +€10,000 | +21.6% |
| Non-distributable reserves | 130/1 | €6,239 | €6,239 | = | 0.0% |
| Other | 1319 | €6,239 | €6,239 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Profit (loss) carried forward | 14 | €66,954 | €78,727 | +€11,774 | +17.6% |
| Amounts payable | 17/49 | €106,368 | €78,706 | -€27,663 | -26.0% |
| Amounts payable after more than one year | 17 | €5,750 | - | -€5,750 | |
| Financial debts | 170/4 | €5,750 | - | -€5,750 | |
| Amounts payable within one year | 42/48 | €100,618 | €78,706 | -€21,913 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €7,188 | €7,188 | = | 0.0% |
| Trade debts | 44 | €17,595 | €9,807 | -€7,788 | -44.3% |
| Suppliers | 440/4 | €17,595 | €9,807 | -€7,788 | -44.3% |
| Taxes, remuneration and social security | 45 | €14,216 | €8,491 | -€5,725 | -40.3% |
| Taxes | 450/3 | €9,160 | €8,491 | -€669 | -7.3% |
| Remuneration and social security | 454/9 | €5,056 | - | -€5,056 | |
| Other amounts payable | 47/48 | €61,620 | €53,220 | -€8,400 | -13.6% |
| Remuneration, social security and pensions | 62 | €74,987 | €51,120 | -€23,867 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,073 | €15,234 | -€3,839 | -20.1% |
| Other operating charges | 640/8 | €7,819 | €7,469 | -€350 | -4.5% |
| Non-recurring operating charges | 66A | - | €32 | +€32 | |
| Gross operating margin | 9900 | €135,541 | €99,667 | -€35,875 | -26.5% |
| Operating profit (loss) | 9901 | €33,662 | €25,812 | -€7,851 | -23.3% |
| Financial income | 75/76B | €252 | €208 | -€44 | -17.5% |
| Recurring financial income | 75 | €252 | €208 | -€44 | -17.5% |
| Financial charges | 65/66B | €553 | €356 | -€196 | -35.5% |
| Recurring financial charges | 65 | €553 | €356 | -€196 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €33,362 | €25,663 | -€7,699 | -23.1% |
| Income taxes | 67/77 | €16,863 | €3,889 | -€12,973 | -76.9% |
| Profit (loss) for the period | 9904 | €16,499 | €21,774 | +€5,275 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,499 | €21,774 | +€5,275 | +32.0% |
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 28 October 2026 via checked.be.