Sewer Solutions: 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.
Sewer Solutions
Largest movements
- Receivables within one year +€62,022
up €62,022 (+156%), from €39,770 to €101,791
of which Trade receivables: +€50,100
- Cash +€47,901
up €47,901 (+112%), from €42,948 to €90,849
mainly Net result for the year (+€55,565) and Tax, wage and social debts (+€38,839)
- Tangible fixed assets -€17,296
down €17,296 (-34.0%), from €50,943 to €33,647
of which Leasing and similar rights: -€11,758
- Stocks and contracts +€10,622
up €10,622 (+75.0%), from €14,163 to €24,785
- Deferred charges and accrued income +€2,622
up €2,622 (+13,887%), from €19 to €2,641
- Reserves +€55,565
up €55,565 (+90.3%), from €61,568 to €117,133
- Tax, wage and social debts +€38,839
up €38,839 (+285%), from €13,642 to €52,481
- Trade debts +€30,460
up €30,460 (+124%), from €24,515 to €54,975
- Debts after one year -€14,994
down €14,994 (-63.9%), from €23,477 to €8,483
- Current portion of long-term debt -€3,882
down €3,882 (-20.0%), from €19,392 to €15,510
- Gross operating margin +€49,162
up €49,162 (+99.9%), from €49,220 to €98,382
- Taxes +€10,866
up €10,866 (+215%), from €5,064 to €15,930
- Depreciation +€1,370
up €1,370 (+7.3%), from €18,655 to €20,025
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 | €147,842 | €253,712 | +€105,870 | +71.6% |
| Fixed assets | 21/28 | €50,943 | €33,647 | -€17,296 | -34.0% |
| Tangible fixed assets | 22/27 | €50,943 | €33,647 | -€17,296 | -34.0% |
| Plant, machinery and equipment | 23 | €3,063 | €4,167 | +€1,104 | +36.0% |
| Furniture and vehicles | 24 | €15,377 | €8,735 | -€6,642 | -43.2% |
| Leasing and similar rights | 25 | €32,503 | €20,745 | -€11,758 | -36.2% |
| Current assets | 29/58 | €96,900 | €220,066 | +€123,166 | +127% |
| Stocks and contracts in progress | 3 | €14,163 | €24,785 | +€10,622 | +75.0% |
| Stocks | 30/36 | €14,163 | €24,785 | +€10,622 | +75.0% |
| Amounts receivable within one year | 40/41 | €39,770 | €101,791 | +€62,022 | +156% |
| Trade receivables | 40 | €31,270 | €81,370 | +€50,100 | +160% |
| Other amounts receivable | 41 | €8,500 | €20,421 | +€11,921 | +140% |
| Cash at bank and in hand | 54/58 | €42,948 | €90,849 | +€47,901 | +112% |
| Deferred charges and accrued income | 490/1 | €19 | €2,641 | +€2,622 | +13,887% |
| Total equity and liabilities | 10/49 | €147,842 | €253,712 | +€105,870 | +71.6% |
| Equity | 10/15 | €65,026 | €122,133 | +€57,107 | +87.8% |
| Contributions | 10/11 | €3,458 | €5,000 | +€1,542 | +44.6% |
| Reserves | 13 | €61,568 | €117,133 | +€55,565 | +90.3% |
| Distributable reserves | 133 | €61,568 | €117,133 | +€55,565 | +90.3% |
| Amounts payable | 17/49 | €82,817 | €131,580 | +€48,763 | +58.9% |
| Amounts payable after more than one year | 17 | €23,477 | €8,483 | -€14,994 | -63.9% |
| Financial debts | 170/4 | €23,477 | €8,483 | -€14,994 | -63.9% |
| Amounts payable within one year | 42/48 | €59,340 | €122,966 | +€63,626 | +107% |
| Current portion of amounts payable after more than one year | 42 | €19,392 | €15,510 | -€3,882 | -20.0% |
| Financial debts | 43 | €565 | - | -€565 | |
| Credit institutions | 430/8 | €565 | - | -€565 | |
| Trade debts | 44 | €24,515 | €54,975 | +€30,460 | +124% |
| Suppliers | 440/4 | €24,515 | €54,975 | +€30,460 | +124% |
| Taxes, remuneration and social security | 45 | €13,642 | €52,481 | +€38,839 | +285% |
| Taxes | 450/3 | €13,642 | €52,481 | +€38,839 | +285% |
| Other amounts payable | 47/48 | €1,225 | - | -€1,225 | |
| Accrued charges and deferred income | 492/3 | - | €131 | +€131 | |
| Non-recurring operating income | 76A | - | €368 | +€368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,655 | €20,025 | +€1,370 | +7.3% |
| Other operating charges | 640/8 | €2,070 | €1,191 | -€879 | -42.5% |
| Gross operating margin | 9900 | €49,220 | €98,382 | +€49,162 | +99.9% |
| Operating profit (loss) | 9901 | €28,495 | €77,167 | +€48,671 | +171% |
| Financial income | 75/76B | €7 | €494 | +€487 | +7,486% |
| Recurring financial income | 75 | €7 | €494 | +€487 | +7,486% |
| Financial charges | 65/66B | €5,683 | €6,165 | +€482 | +8.5% |
| Recurring financial charges | 65 | €5,683 | €6,165 | +€482 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €22,819 | €71,495 | +€48,676 | +213% |
| Income taxes | 67/77 | €5,064 | €15,930 | +€10,866 | +215% |
| Profit (loss) for the period | 9904 | €17,755 | €55,565 | +€37,810 | +213% |
| Profit (loss) for the period to be appropriated | 9905 | €17,755 | €55,565 | +€37,810 | +213% |
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 25 October 2026 via checked.be.