WACHTERS-HUON: 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.
WACHTERS-HUON
Largest movements
- Tangible fixed assets +€37,139
up €37,139 (+18.5%), from €200,736 to €237,875
of which Plant, machinery and equipment: +€56,997
- Cash +€23,562
up €23,562 (+6.2%), from €377,545 to €401,107
mainly Net result for the year (+€105,243) and Depreciation (+€46,305)
- Reserves +€85,086
up €85,086 (+21.5%), from €395,328 to €480,414
of which Distributable reserves: +€85,086
- Tax, wage and social debts +€26,541
up €26,541 (+42.9%), from €61,831 to €88,372
of which Taxes: +€17,891
- Profit (loss) carried forward -€14,843
down €14,843 (-73.9%), from €20,086 to €5,243
- Other debts -€14,276
down €14,276 (-29.5%), from €48,360 to €34,084
- Debts after one year -€11,099
down €11,099 (-57.0%), from €19,475 to €8,376
- Staff costs +€133,356
up €133,356 (+51.3%), from €259,810 to €393,166
- Gross operating margin +€127,553
up €127,553 (+27.3%), from €466,616 to €594,169
- Taxes -€6,557
down €6,557 (-14.0%), from €46,912 to €40,355
- Depreciation +€6,352
up €6,352 (+15.9%), from €39,953 to €46,305
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 | €622,728 | €691,215 | +€68,486 | +11.0% |
| Fixed assets | 21/28 | €200,736 | €237,875 | +€37,139 | +18.5% |
| Tangible fixed assets | 22/27 | €200,736 | €237,875 | +€37,139 | +18.5% |
| Land and buildings | 22 | €27,888 | €27,888 | = | 0.0% |
| Plant, machinery and equipment | 23 | €107,869 | €164,865 | +€56,997 | +52.8% |
| Furniture and vehicles | 24 | €55,684 | €35,826 | -€19,857 | -35.7% |
| Other tangible fixed assets | 26 | €9,296 | €9,296 | = | 0.0% |
| Current assets | 29/58 | €421,992 | €453,339 | +€31,347 | +7.4% |
| Stocks and contracts in progress | 3 | €34,830 | €41,489 | +€6,659 | +19.1% |
| Stocks | 30/36 | €34,830 | €41,489 | +€6,659 | +19.1% |
| Amounts receivable within one year | 40/41 | €4,453 | €7,404 | +€2,951 | +66.3% |
| Trade receivables | 40 | €1,582 | €25 | -€1,557 | -98.4% |
| Other amounts receivable | 41 | €2,871 | €7,379 | +€4,508 | +157% |
| Cash at bank and in hand | 54/58 | €377,545 | €401,107 | +€23,562 | +6.2% |
| Deferred charges and accrued income | 490/1 | €5,165 | €3,340 | -€1,825 | -35.3% |
| Total equity and liabilities | 10/49 | €622,728 | €691,215 | +€68,486 | +11.0% |
| Equity | 10/15 | €434,006 | €504,249 | +€70,243 | +16.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €395,328 | €480,414 | +€85,086 | +21.5% |
| Tax-exempt reserves | 132 | €15,600 | €15,600 | = | 0.0% |
| Distributable reserves | 133 | €379,728 | €464,814 | +€85,086 | +22.4% |
| Profit (loss) carried forward | 14 | €20,086 | €5,243 | -€14,843 | -73.9% |
| Amounts payable | 17/49 | €188,723 | €186,966 | -€1,757 | -0.9% |
| Amounts payable after more than one year | 17 | €19,475 | €8,376 | -€11,099 | -57.0% |
| Financial debts | 170/4 | €19,475 | €8,376 | -€11,099 | -57.0% |
| Amounts payable within one year | 42/48 | €169,248 | €178,589 | +€9,341 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €11,019 | €11,099 | +€79 | +0.7% |
| Trade debts | 44 | €48,038 | €45,034 | -€3,003 | -6.3% |
| Suppliers | 440/4 | €48,038 | €45,034 | -€3,003 | -6.3% |
| Taxes, remuneration and social security | 45 | €61,831 | €88,372 | +€26,541 | +42.9% |
| Taxes | 450/3 | €34,207 | €52,098 | +€17,891 | +52.3% |
| Remuneration and social security | 454/9 | €27,624 | €36,274 | +€8,650 | +31.3% |
| Other amounts payable | 47/48 | €48,360 | €34,084 | -€14,276 | -29.5% |
| Remuneration, social security and pensions | 62 | €259,810 | €393,166 | +€133,356 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,953 | €46,305 | +€6,352 | +15.9% |
| Other operating charges | 640/8 | €6,210 | €6,487 | +€277 | +4.5% |
| Gross operating margin | 9900 | €466,616 | €594,169 | +€127,553 | +27.3% |
| Operating profit (loss) | 9901 | €160,643 | €148,211 | -€12,432 | -7.7% |
| Financial income | 75/76B | €1,817 | €2,835 | +€1,018 | +56.0% |
| Recurring financial income | 75 | €1,817 | €2,835 | +€1,018 | +56.0% |
| Financial charges | 65/66B | €5,462 | €5,448 | -€15 | -0.3% |
| Recurring financial charges | 65 | €5,462 | €5,448 | -€15 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €156,998 | €145,598 | -€11,400 | -7.3% |
| Income taxes | 67/77 | €46,912 | €40,355 | -€6,557 | -14.0% |
| Profit (loss) for the period | 9904 | €110,086 | €105,243 | -€4,843 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €110,086 | €105,243 | -€4,843 | -4.4% |
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 31 October 2026 via checked.be.