Wachtco: what changed
What changed
Wachtco
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
-€2,259
2024 · €824,104-€826,363
Equity
€1.0m
2024 · €1.0m-€2,259
Cash
€6,240
2024 · €125,562-€119,322
Balance sheet total
€1.1m
2024 · €2.0m-€940,538
Largest movements
Assets
- Receivables within one year -€792,193
down €792,193 (-42.4%), from €1.9m to €1.1m
of which Trade receivables: -€1.3m
- Cash -€119,322
down €119,322 (-95.0%), from €125,562 to €6,240
mainly Trade debts (-€516,598) and Other debts (-€177,103)
- Stocks and contracts -€28,322
down €28,322 (-100%), from €28,322 to €0
Equity and liabilities
- Trade debts -€516,598
down €516,598 (-97.8%), from €528,311 to €11,713
- Other debts -€177,103
down €177,103 (-100%), from €177,103 to €0
- Debts after one year -€125,000
down €125,000 (-100%), from €125,000 to €0
- Accrued charges and deferred income -€62,492
down €62,492 (-100%), from €62,492 to €0
- Tax, wage and social debts -€53,953
down €53,953 (-46.5%), from €116,150 to €62,197
of which Taxes: -€32,718
Income statement
- Gross operating margin -€2.4m
down €2.4m, from €2.4m to -€33,916
- Staff costs -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Taxes -€221,108
down €221,108 (-100%), from €221,108 to €0
- Financial charges -€142,189
down €142,189 (-96.7%), from €147,014 to €4,825
- Financial income +€55,834
up €55,834 (+1,644%), from €3,397 to €59,231
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€824,104
Gross operating margin
-€2.4m
Staff costs
+€1.2m
Write-downs
-€1,657
Other operating charges
-€8,366
Financial income
+€55,834
Financial charges
+€142,189
Taxes
+€221,108
Result 2025
-€2,259
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5,678
Investment
€0
Financing
-€125,000
Cash 2024
€125,562
From operations (derived)
+€5,678
Net result for the year
-€2,259
Stocks and contracts
+€28,322
Receivables within one year
+€792,193
Deferred charges and accrued income
+€701
Trade debts
-€516,598
Tax, wage and social debts
-€53,953
Advances received
-€3,132
Other debts
-€177,103
Accrued charges and deferred income
-€62,492
Financing
-€125,000
Debts after one year
-€125,000
Cash 2025
€6,240
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,026,311 | €1,085,774 | -€940,538 | -46.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €2,026,311 | €1,085,774 | -€940,538 | -46.4% |
| Stocks and contracts in progress | 3 | €28,322 | €0 | -€28,322 | -100% |
| Contracts in progress | 37 | €28,322 | €0 | -€28,322 | -100% |
| Amounts receivable within one year | 40/41 | €1,866,774 | €1,074,582 | -€792,193 | -42.4% |
| Trade receivables | 40 | €1,332,948 | €37,806 | -€1.3m | -97.2% |
| Other amounts receivable | 41 | €533,826 | €1,036,776 | +€502,950 | +94.2% |
| Cash at bank and in hand | 54/58 | €125,562 | €6,240 | -€119,322 | -95.0% |
| Deferred charges and accrued income | 490/1 | €5,653 | €4,952 | -€701 | -12.4% |
| Total equity and liabilities | 10/49 | €2,026,311 | €1,085,774 | -€940,538 | -46.4% |
| Equity | 10/15 | €1,014,123 | €1,011,864 | -€2,259 | -0.2% |
| Contributions | 10/11 | €570,000 | €570,000 | = | 0.0% |
| Capital | 10 | €570,000 | €570,000 | = | 0.0% |
| Issued capital | 100 | €570,000 | €570,000 | = | 0.0% |
| Reserves | 13 | €444,123 | €441,864 | -€2,259 | -0.5% |
| Non-distributable reserves | 130/1 | €22,206 | €22,206 | = | 0.0% |
| Legal reserve | 130 | €22,206 | €22,206 | = | 0.0% |
| Distributable reserves | 133 | €421,917 | €419,657 | -€2,259 | -0.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,012,189 | €73,910 | -€938,279 | -92.7% |
| Amounts payable after more than one year | 17 | €125,000 | €0 | -€125,000 | -100% |
| Other amounts payable | 178/9 | €125,000 | €0 | -€125,000 | -100% |
| Amounts payable within one year | 42/48 | €824,696 | €73,910 | -€750,786 | -91.0% |
| Trade debts | 44 | €528,311 | €11,713 | -€516,598 | -97.8% |
| Suppliers | 440/4 | €528,311 | €11,713 | -€516,598 | -97.8% |
| Advances received on contracts in progress | 46 | €3,132 | €0 | -€3,132 | -100% |
| Taxes, remuneration and social security | 45 | €116,150 | €62,197 | -€53,953 | -46.5% |
| Taxes | 450/3 | €94,915 | €62,197 | -€32,718 | -34.5% |
| Remuneration and social security | 454/9 | €21,235 | €0 | -€21,235 | -100% |
| Other amounts payable | 47/48 | €177,103 | €0 | -€177,103 | -100% |
| Accrued charges and deferred income | 492/3 | €62,492 | €0 | -€62,492 | -100% |
| Non-recurring operating income | 76A | €701,112 | €0 | -€701,112 | -100% |
| Remuneration, social security and pensions | 62 | €1,157,581 | €0 | -€1.2m | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €84 | €1,741 | +€1,657 | +1,982% |
| Other operating charges | 640/8 | €12,642 | €21,008 | +€8,366 | +66.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,359,136 | -€33,916 | -€2.4m | |
| Operating profit (loss) | 9901 | €1,188,829 | -€56,665 | -€1.2m | |
| Financial income | 75/76B | €3,397 | €59,231 | +€55,834 | +1,644% |
| Recurring financial income | 75 | €3,397 | €59,231 | +€55,834 | +1,644% |
| Financial charges | 65/66B | €147,014 | €4,825 | -€142,189 | -96.7% |
| Recurring financial charges | 65 | €147,014 | €4,825 | -€142,189 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | €1,045,212 | -€2,259 | -€1.0m | |
| Income taxes | 67/77 | €221,108 | €0 | -€221,108 | -100% |
| Profit (loss) for the period | 9904 | €824,104 | -€2,259 | -€826,363 | |
| Profit (loss) for the period to be appropriated | 9905 | €824,104 | -€2,259 | -€826,363 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.