'T WATERSCHAEP 2000: 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.
'T WATERSCHAEP 2000
Largest movements
- Cash +€373,854
up €373,854 (+3777.0%), from €9,898 to €383,753
mainly Short-term financial debts (+€296,783) and Net result for the year (+€268,643)
- Tangible fixed assets -€118,887
down €118,887 (-19.4%), from €611,814 to €492,927
of which Land and buildings: -€107,525
- Deferred charges and accrued income -€44,414
down €44,414 (-78.9%), from €56,273 to €11,859
- Receivables within one year -€35,729
down €35,729 (-48.6%), from €73,526 to €37,797
of which Other amounts receivable: -€63,718
- Debts after one year -€322,400
down €322,400 (-75.3%), from €428,247 to €105,848
of which Financial debts: -€325,000
- Short-term financial debts +€296,783
up €296,783 (+66.1%), from €448,653 to €745,436
- Profit (loss) carried forward +€268,643
up €268,643 (+73.1%), from -€367,673 to -€99,030
- Tax, wage and social debts -€62,897
down €62,897 (-83.8%), from €75,014 to €12,117
of which Taxes: -€72,471
- Gross operating margin +€245,879
up €245,879 (+189.3%), from €129,895 to €375,774
- Depreciation -€9,080
down €9,080 (-11.1%), from €81,668 to €72,588
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 | €751,511 | €926,336 | +€174,825 | +23.3% |
| Fixed assets | 21/28 | €611,814 | €492,927 | -€118,887 | -19.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €611,814 | €492,927 | -€118,887 | -19.4% |
| Land and buildings | 22 | €524,185 | €416,660 | -€107,525 | -20.5% |
| Plant, machinery and equipment | 23 | €66,456 | €56,225 | -€10,231 | -15.4% |
| Furniture and vehicles | 24 | €21,172 | €20,042 | -€1,130 | -5.3% |
| Current assets | 29/58 | €139,697 | €433,409 | +€293,711 | +210.2% |
| Amounts receivable within one year | 40/41 | €73,526 | €37,797 | -€35,729 | -48.6% |
| Trade receivables | 40 | €585 | €28,575 | +€27,989 | +4781.4% |
| Other amounts receivable | 41 | €72,941 | €9,222 | -€63,718 | -87.4% |
| Cash at bank and in hand | 54/58 | €9,898 | €383,753 | +€373,854 | +3777.0% |
| Deferred charges and accrued income | 490/1 | €56,273 | €11,859 | -€44,414 | -78.9% |
| Total equity and liabilities | 10/49 | €751,511 | €926,336 | +€174,825 | +23.3% |
| Equity | 10/15 | -€247,673 | €20,970 | +€268,643 | |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€367,673 | -€99,030 | +€268,643 | +73.1% |
| Amounts payable | 17/49 | €999,184 | €905,365 | -€93,818 | -9.4% |
| Amounts payable after more than one year | 17 | €428,247 | €105,848 | -€322,400 | -75.3% |
| Financial debts | 170/4 | €400,000 | €75,000 | -€325,000 | -81.3% |
| Other amounts payable | 178/9 | €28,247 | €30,848 | +€2,601 | +9.2% |
| Amounts payable within one year | 42/48 | €570,936 | €799,517 | +€228,581 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €7,804 | €10,354 | +€2,550 | +32.7% |
| Financial debts | 43 | €448,653 | €745,436 | +€296,783 | +66.1% |
| Other loans | 439 | €448,653 | €745,436 | +€296,783 | +66.1% |
| Trade debts | 44 | €28,415 | €20,411 | -€8,004 | -28.2% |
| Suppliers | 440/4 | €28,415 | €20,411 | -€8,004 | -28.2% |
| Advances received on contracts in progress | 46 | €9,047 | €9,197 | +€150 | +1.7% |
| Taxes, remuneration and social security | 45 | €75,014 | €12,117 | -€62,897 | -83.8% |
| Taxes | 450/3 | €74,813 | €2,342 | -€72,471 | -96.9% |
| Remuneration and social security | 454/9 | €202 | €9,775 | +€9,574 | +4748.2% |
| Other amounts payable | 47/48 | €2,002 | €2,002 | = | 0.0% |
| Non-recurring operating income | 76A | €6,168 | €294,142 | +€287,974 | +4668.6% |
| Remuneration, social security and pensions | 62 | €19,330 | €18,655 | -€675 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,668 | €72,588 | -€9,080 | -11.1% |
| Other operating charges | 640/8 | €15,041 | €15,812 | +€771 | +5.1% |
| Non-recurring operating charges | 66A | €1,189 | - | -€1,189 | |
| Gross operating margin | 9900 | €129,895 | €375,774 | +€245,879 | +189.3% |
| Operating profit (loss) | 9901 | €12,666 | €268,718 | +€256,052 | +2021.6% |
| Financial charges | 65/66B | €61 | €75 | +€14 | +23.2% |
| Recurring financial charges | 65 | €61 | €72 | +€11 | +18.0% |
| Non-recurring financial charges | 66B | - | €3 | +€3 | |
| Profit (loss) for the period before taxes | 9903 | €12,605 | €268,643 | +€256,038 | +2031.3% |
| Profit (loss) for the period | 9904 | €12,605 | €268,643 | +€256,038 | +2031.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,605 | €268,643 | +€256,038 | +2031.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.