WARMTE & WATER: 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.
WARMTE & WATER
Largest movements
- Cash -€10,344
down €10,344 (-100%), from €10,344 to €0
mainly Tax, wage and social debts (-€21,001) and Receivables within one year (-€1,168)
- Receivables within one year +€1,168
up €1,168 (+2.6%), from €45,757 to €46,926
of which Trade receivables: +€1,641
- Tangible fixed assets +€770
up €770 (+149%), from €518 to €1,289
- Tax, wage and social debts -€21,001
down €21,001 (-90.0%), from €23,344 to €2,343
of which Remuneration and social security: -€20,185
- Other debts +€12,761
up €12,761 (+889%), from €1,435 to €14,196
- Trade debts -€905
down €905 (-2.8%), from €32,015 to €31,110
- Profit (loss) carried forward +€741
up €741 (+258%), from €287 to €1,028
- Staff costs -€4,782
down €4,782 (-15.5%), from €30,832 to €26,050
- Gross operating margin -€4,197
down €4,197 (-12.4%), from €33,824 to €29,627
- Taxes +€480
up €480 (+685%), from €70 to €550
- Other operating charges -€469
down €469 (-25.0%), from €1,875 to €1,406
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 | €64,557 | €56,151 | -€8,405 | -13.0% |
| Fixed assets | 21/28 | €518 | €1,289 | +€770 | +149% |
| Tangible fixed assets | 22/27 | €518 | €1,289 | +€770 | +149% |
| Furniture and vehicles | 24 | €518 | €1,289 | +€770 | +149% |
| Current assets | 29/58 | €64,038 | €54,863 | -€9,176 | -14.3% |
| Stocks and contracts in progress | 3 | €7,937 | €7,937 | = | 0.0% |
| Stocks | 30/36 | €7,937 | €7,937 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,757 | €46,926 | +€1,168 | +2.6% |
| Trade receivables | 40 | €44,101 | €45,741 | +€1,641 | +3.7% |
| Other amounts receivable | 41 | €1,657 | €1,184 | -€472 | -28.5% |
| Cash at bank and in hand | 54/58 | €10,344 | €0 | -€10,344 | -100% |
| Total equity and liabilities | 10/49 | €64,557 | €56,151 | -€8,405 | -13.0% |
| Equity | 10/15 | €7,762 | €8,503 | +€741 | +9.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,475 | €6,475 | = | 0.0% |
| Distributable reserves | 133 | €6,475 | €6,475 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287 | €1,028 | +€741 | +258% |
| Amounts payable | 17/49 | €56,795 | €47,649 | -€9,146 | -16.1% |
| Amounts payable within one year | 42/48 | €56,795 | €47,649 | -€9,146 | -16.1% |
| Trade debts | 44 | €32,015 | €31,110 | -€905 | -2.8% |
| Suppliers | 440/4 | €32,015 | €31,110 | -€905 | -2.8% |
| Taxes, remuneration and social security | 45 | €23,344 | €2,343 | -€21,001 | -90.0% |
| Taxes | 450/3 | €3,159 | €2,343 | -€816 | -25.8% |
| Remuneration and social security | 454/9 | €20,185 | - | -€20,185 | |
| Other amounts payable | 47/48 | €1,435 | €14,196 | +€12,761 | +889% |
| Remuneration, social security and pensions | 62 | €30,832 | €26,050 | -€4,782 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18 | €208 | +€190 | +1,053% |
| Other operating charges | 640/8 | €1,875 | €1,406 | -€469 | -25.0% |
| Gross operating margin | 9900 | €33,824 | €29,627 | -€4,197 | -12.4% |
| Operating profit (loss) | 9901 | €1,099 | €1,963 | +€864 | +78.6% |
| Financial income | 75/76B | €146 | €18 | -€129 | -88.0% |
| Recurring financial income | 75 | €146 | €18 | -€129 | -88.0% |
| Financial charges | 65/66B | €787 | €690 | -€97 | -12.4% |
| Recurring financial charges | 65 | €787 | €690 | -€97 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €457 | €1,290 | +€833 | +182% |
| Income taxes | 67/77 | €70 | €550 | +€480 | +685% |
| Profit (loss) for the period | 9904 | €387 | €741 | +€353 | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €387 | €741 | +€353 | +91.2% |
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 17 October 2026 via checked.be.