Vattumannen: 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.
Vattumannen
Largest movements
- Tangible fixed assets -€11,981
down €11,981 (-21.7%), from €55,182 to €43,201
of which Furniture and vehicles: -€11,493
- Cash -€5,988
down €5,988 (-39.5%), from €15,167 to €9,179
mainly Contributions, distributions and other (-€49,239) and Debts after one year (-€10,371)
- Reserves -€22,954
down €22,954 (-46.6%), from €49,239 to €26,285
- Other debts +€18,828
up €18,828 (+187%), from €10,091 to €28,919
- Debts after one year -€10,371
down €10,371 (-100%), from €10,371 to €0
- Current portion of long-term debt -€2,996
down €2,996 (-22.4%), from €13,367 to €10,371
- Gross operating margin -€19,725
down €19,725 (-28.6%), from €69,032 to €49,307
- Depreciation +€8,160
up €8,160 (+214%), from €3,821 to €11,981
- Taxes -€6,016
down €6,016 (-41.2%), from €14,595 to €8,579
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 | €94,910 | €77,849 | -€17,061 | -18.0% |
| Fixed assets | 21/28 | €55,182 | €43,201 | -€11,981 | -21.7% |
| Tangible fixed assets | 22/27 | €55,182 | €43,201 | -€11,981 | -21.7% |
| Plant, machinery and equipment | 23 | €794 | €306 | -€488 | -61.4% |
| Furniture and vehicles | 24 | €54,388 | €42,895 | -€11,493 | -21.1% |
| Current assets | 29/58 | €39,728 | €34,648 | -€5,080 | -12.8% |
| Amounts receivable within one year | 40/41 | €24,067 | €25,006 | +€939 | +3.9% |
| Trade receivables | 40 | €24,067 | €24,669 | +€602 | +2.5% |
| Other amounts receivable | 41 | - | €337 | +€337 | |
| Cash at bank and in hand | 54/58 | €15,167 | €9,179 | -€5,988 | -39.5% |
| Deferred charges and accrued income | 490/1 | €495 | €463 | -€31 | -6.3% |
| Total equity and liabilities | 10/49 | €94,910 | €77,849 | -€17,061 | -18.0% |
| Equity | 10/15 | €49,239 | €26,285 | -€22,954 | -46.6% |
| Reserves | 13 | €49,239 | €26,285 | -€22,954 | -46.6% |
| Distributable reserves | 133 | €49,239 | €26,285 | -€22,954 | -46.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €45,671 | €51,564 | +€5,893 | +12.9% |
| Amounts payable after more than one year | 17 | €10,371 | €0 | -€10,371 | -100% |
| Financial debts | 170/4 | €10,371 | €0 | -€10,371 | -100% |
| Amounts payable within one year | 42/48 | €35,299 | €51,048 | +€15,748 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €13,367 | €10,371 | -€2,996 | -22.4% |
| Trade debts | 44 | €709 | €1,044 | +€335 | +47.2% |
| Suppliers | 440/4 | €709 | €1,044 | +€335 | +47.2% |
| Taxes, remuneration and social security | 45 | €11,133 | €10,713 | -€419 | -3.8% |
| Taxes | 450/3 | €11,133 | €10,713 | -€419 | -3.8% |
| Other amounts payable | 47/48 | €10,091 | €28,919 | +€18,828 | +187% |
| Accrued charges and deferred income | 492/3 | - | €516 | +€516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,821 | €11,981 | +€8,160 | +214% |
| Other operating charges | 640/8 | €673 | €1,093 | +€420 | +62.4% |
| Gross operating margin | 9900 | €69,032 | €49,307 | -€19,725 | -28.6% |
| Operating profit (loss) | 9901 | €64,538 | €36,233 | -€28,305 | -43.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.6% |
| Financial charges | 65/66B | €704 | €1,369 | +€665 | +94.4% |
| Recurring financial charges | 65 | €704 | €1,369 | +€665 | +94.4% |
| Profit (loss) for the period before taxes | 9903 | €63,834 | €34,864 | -€28,970 | -45.4% |
| Income taxes | 67/77 | €14,595 | €8,579 | -€6,016 | -41.2% |
| Profit (loss) for the period | 9904 | €49,239 | €26,285 | -€22,954 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,239 | €26,285 | -€22,954 | -46.6% |
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.