UwWaterman.be: 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.
UwWaterman.be
Largest movements
- Tangible fixed assets +€69,870
up €69,870 (+177%), from €39,513 to €109,383
of which Furniture and vehicles: +€70,674
- Cash -€64,603
down €64,603 (-65.7%), from €98,285 to €33,682
mainly Investment in fixed assets (net) (-€101,296) and Tax, wage and social debts (-€13,598)
- Stocks and contracts +€12,382
up €12,382 (+49.6%), from €24,971 to €37,353
- Receivables within one year +€4,877
up €4,877 (+8.4%), from €57,753 to €62,630
of which Trade receivables: +€11,681
- Reserves +€31,873
up €31,873 (+46.2%), from €69,047 to €100,920
- Tax, wage and social debts -€13,598
down €13,598 (-69.3%), from €19,612 to €6,014
of which Taxes: -€9,050
- Current portion of long-term debt +€12,746
new in 2025: €12,746
- Debts after one year -€9,583
down €9,583 (-9.0%), from €106,838 to €97,255
of which Other amounts payable: -€11,782
- Gross operating margin +€50,895
up €50,895 (+59.1%), from €86,108 to €137,003
- Depreciation +€14,110
up €14,110 (+81.5%), from €17,315 to €31,426
- Staff costs +€12,005
up €12,005 (+20.3%), from €59,175 to €71,180
- Financial charges -€3,989
down €3,989 (-73.2%), from €5,454 to €1,464
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 | €221,187 | €243,048 | +€21,860 | +9.9% |
| Fixed assets | 21/28 | €39,513 | €109,383 | +€69,870 | +177% |
| Tangible fixed assets | 22/27 | €39,513 | €109,383 | +€69,870 | +177% |
| Plant, machinery and equipment | 23 | €984 | €786 | -€198 | -20.1% |
| Furniture and vehicles | 24 | €35,826 | €106,500 | +€70,674 | +197% |
| Other tangible fixed assets | 26 | €2,703 | €2,097 | -€606 | -22.4% |
| Current assets | 29/58 | €181,675 | €133,665 | -€48,010 | -26.4% |
| Stocks and contracts in progress | 3 | €24,971 | €37,353 | +€12,382 | +49.6% |
| Stocks | 30/36 | €24,971 | €37,353 | +€12,382 | +49.6% |
| Amounts receivable within one year | 40/41 | €57,753 | €62,630 | +€4,877 | +8.4% |
| Trade receivables | 40 | €47,753 | €59,434 | +€11,681 | +24.5% |
| Other amounts receivable | 41 | €10,000 | €3,196 | -€6,804 | -68.0% |
| Cash at bank and in hand | 54/58 | €98,285 | €33,682 | -€64,603 | -65.7% |
| Deferred charges and accrued income | 490/1 | €666 | €0 | -€666 | -100% |
| Total equity and liabilities | 10/49 | €221,187 | €243,048 | +€21,860 | +9.9% |
| Equity | 10/15 | €87,647 | €119,520 | +€31,873 | +36.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,047 | €100,920 | +€31,873 | +46.2% |
| Distributable reserves | 133 | €69,047 | €100,920 | +€31,873 | +46.2% |
| Amounts payable | 17/49 | €133,540 | €123,528 | -€10,013 | -7.5% |
| Amounts payable after more than one year | 17 | €106,838 | €97,255 | -€9,583 | -9.0% |
| Financial debts | 170/4 | - | €2,199 | +€2,199 | |
| Other amounts payable | 178/9 | €106,838 | €95,056 | -€11,782 | -11.0% |
| Amounts payable within one year | 42/48 | €26,702 | €26,272 | -€430 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | - | €12,746 | +€12,746 | |
| Trade debts | 44 | €7,091 | €7,513 | +€422 | +6.0% |
| Suppliers | 440/4 | €7,091 | €7,513 | +€422 | +6.0% |
| Taxes, remuneration and social security | 45 | €19,612 | €6,014 | -€13,598 | -69.3% |
| Taxes | 450/3 | €15,064 | €6,014 | -€9,050 | -60.1% |
| Remuneration and social security | 454/9 | €4,547 | €0 | -€4,547 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €59,175 | €71,180 | +€12,005 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,315 | €31,426 | +€14,110 | +81.5% |
| Other operating charges | 640/8 | €1,910 | €1,204 | -€706 | -37.0% |
| Non-recurring operating charges | 66A | €5,138 | €0 | -€5,138 | -100% |
| Gross operating margin | 9900 | €86,108 | €137,003 | +€50,895 | +59.1% |
| Operating profit (loss) | 9901 | €2,570 | €33,193 | +€30,623 | +1,192% |
| Financial income | 75/76B | €6 | €144 | +€138 | +2,122% |
| Recurring financial income | 75 | €6 | €144 | +€138 | +2,122% |
| Financial charges | 65/66B | €5,454 | €1,464 | -€3,989 | -73.2% |
| Recurring financial charges | 65 | €5,454 | €1,464 | -€3,989 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,877 | €31,873 | +€34,750 | |
| Profit (loss) for the period | 9904 | -€2,877 | €31,873 | +€34,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,877 | €31,873 | +€34,750 |
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.