Sur l'eau: 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.
Sur l'eau
Largest movements
- Tangible fixed assets -€9,200
down €9,200 (-66.7%), from €13,800 to €4,600
- Cash -€2,561
down €2,561 (-93.1%), from €2,749 to €189
mainly Net result for the year (-€11,335) and Receivables within one year (-€1,041)
- Receivables within one year +€1,041
new in 2025: €1,041
- Deferred charges and accrued income -€930
no longer reported in 2025 (was €930)
- Profit (loss) carried forward -€11,335
down €11,335 (-12.2%), from -€93,133 to -€104,468
- Trade debts -€297
no longer reported in 2025 (was €297)
- Gross operating margin -€2,158
down €2,158 (-73.7%), from €2,927 to €769
- Other operating charges +€1,767
up €1,767 (+155.3%), from €1,137 to €2,904
- Financial charges -€84
down €84 (-99.9%), from €84 to €0
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 | €17,479 | €5,830 | -€11,649 | -66.6% |
| Fixed assets | 21/28 | €13,800 | €4,600 | -€9,200 | -66.7% |
| Tangible fixed assets | 22/27 | €13,800 | €4,600 | -€9,200 | -66.7% |
| Plant, machinery and equipment | 23 | €13,800 | €4,600 | -€9,200 | -66.7% |
| Current assets | 29/58 | €3,679 | €1,230 | -€2,449 | -66.6% |
| Amounts receivable within one year | 40/41 | - | €1,041 | +€1,041 | |
| Other amounts receivable | 41 | - | €1,041 | +€1,041 | |
| Cash at bank and in hand | 54/58 | €2,749 | €189 | -€2,561 | -93.1% |
| Deferred charges and accrued income | 490/1 | €930 | - | -€930 | |
| Total equity and liabilities | 10/49 | €17,479 | €5,830 | -€11,649 | -66.6% |
| Equity | 10/15 | -€86,933 | -€98,268 | -€11,335 | -13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,133 | -€104,468 | -€11,335 | -12.2% |
| Amounts payable | 17/49 | €104,412 | €104,098 | -€314 | -0.3% |
| Amounts payable after more than one year | 17 | €95,000 | €95,000 | = | 0.0% |
| Financial debts | 170/4 | €95,000 | €95,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,412 | €9,098 | -€314 | -3.3% |
| Trade debts | 44 | €297 | - | -€297 | |
| Suppliers | 440/4 | €297 | - | -€297 | |
| Taxes, remuneration and social security | 45 | €1,294 | €1,277 | -€17 | -1.3% |
| Taxes | 450/3 | €1,294 | €1,277 | -€17 | -1.3% |
| Other amounts payable | 47/48 | €7,822 | €7,822 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,200 | €9,200 | = | 0.0% |
| Other operating charges | 640/8 | €1,137 | €2,904 | +€1,767 | +155.3% |
| Gross operating margin | 9900 | €2,927 | €769 | -€2,158 | -73.7% |
| Operating profit (loss) | 9901 | -€7,411 | -€11,335 | -€3,924 | -53.0% |
| Financial charges | 65/66B | €84 | €0 | -€84 | -99.9% |
| Recurring financial charges | 65 | €84 | €0 | -€84 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,495 | -€11,335 | -€3,841 | -51.2% |
| Profit (loss) for the period | 9904 | -€7,495 | -€11,335 | -€3,841 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,495 | -€11,335 | -€3,841 | -51.2% |
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 11 October 2026 via checked.be.