The Water Loo: 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.
The Water Loo
Largest movements
- Tangible fixed assets -€14,156
down €14,156 (-39.7%), from €35,614 to €21,458
of which Furniture and vehicles: -€13,720
- Receivables within one year +€5,036
up €5,036 (+40.7%), from €12,371 to €17,407
of which Trade receivables: +€3,675
- Cash -€2,260
down €2,260 (-90.6%), from €2,495 to €235
mainly Debts after one year (-€12,554) and Receivables within one year (-€5,036)
- Debts after one year -€12,554
down €12,554 (-59.3%), from €21,168 to €8,614
- Reserves +€1,928
up €1,928 (+25.0%), from €7,723 to €9,651
- Trade debts -€950
down €950 (-15.9%), from €5,973 to €5,023
- Gross operating margin +€10,616
up €10,616 (+118%), from €8,986 to €19,602
- Financial income -€1,295
down €1,295 (-99.8%), from €1,298 to €3
- Other operating charges +€682
up €682 (+45.3%), from €1,505 to €2,187
- Financial charges -€623
down €623 (-31.8%), from €1,958 to €1,335
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 | €57,165 | €45,841 | -€11,324 | -19.8% |
| Fixed assets | 21/28 | €42,214 | €28,058 | -€14,156 | -33.5% |
| Tangible fixed assets | 22/27 | €35,614 | €21,458 | -€14,156 | -39.7% |
| Plant, machinery and equipment | 23 | €1,107 | €671 | -€436 | -39.4% |
| Furniture and vehicles | 24 | €34,507 | €20,787 | -€13,720 | -39.8% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €14,951 | €17,783 | +€2,832 | +18.9% |
| Amounts receivable within one year | 40/41 | €12,371 | €17,407 | +€5,036 | +40.7% |
| Trade receivables | 40 | €9,249 | €12,924 | +€3,675 | +39.7% |
| Other amounts receivable | 41 | €3,122 | €4,484 | +€1,362 | +43.6% |
| Cash at bank and in hand | 54/58 | €2,495 | €235 | -€2,260 | -90.6% |
| Deferred charges and accrued income | 490/1 | €85 | €141 | +€56 | +66.3% |
| Total equity and liabilities | 10/49 | €57,165 | €45,841 | -€11,324 | -19.8% |
| Equity | 10/15 | €17,723 | €19,651 | +€1,928 | +10.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €7,723 | €9,651 | +€1,928 | +25.0% |
| Distributable reserves | 133 | €7,723 | €9,651 | +€1,928 | +25.0% |
| Amounts payable | 17/49 | €39,442 | €26,190 | -€13,252 | -33.6% |
| Amounts payable after more than one year | 17 | €21,168 | €8,614 | -€12,554 | -59.3% |
| Financial debts | 170/4 | €21,168 | €8,614 | -€12,554 | -59.3% |
| Amounts payable within one year | 42/48 | €18,274 | €17,576 | -€698 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €12,126 | €12,554 | +€428 | +3.5% |
| Trade debts | 44 | €5,973 | €5,023 | -€950 | -15.9% |
| Suppliers | 440/4 | €5,973 | €5,023 | -€950 | -15.9% |
| Other amounts payable | 47/48 | €175 | - | -€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,184 | €14,156 | -€27 | -0.2% |
| Other operating charges | 640/8 | €1,505 | €2,187 | +€682 | +45.3% |
| Gross operating margin | 9900 | €8,986 | €19,602 | +€10,616 | +118% |
| Operating profit (loss) | 9901 | -€6,703 | €3,259 | +€9,962 | |
| Financial income | 75/76B | €1,298 | €3 | -€1,295 | -99.8% |
| Recurring financial income | 75 | €1,298 | €3 | -€1,295 | -99.8% |
| Financial charges | 65/66B | €1,958 | €1,335 | -€623 | -31.8% |
| Recurring financial charges | 65 | €1,958 | €1,335 | -€623 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,362 | €1,928 | +€9,290 | |
| Profit (loss) for the period | 9904 | -€7,362 | €1,928 | +€9,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,362 | €1,928 | +€9,290 |
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 13 October 2026 via checked.be.