WASSERIJ GILBERTE: 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.
WASSERIJ GILBERTE
Largest movements
- Cash +€52,515
up €52,515 (+44.8%), from €117,345 to €169,860
mainly Net result for the year (+€106,316) and Advances received (+€50,000)
- Receivables within one year +€24,085
up €24,085 (+16.2%), from €148,339 to €172,424
- Stocks and contracts -€23,726
no longer reported in 2025 (was €23,726)
of which Contracts in progress: -€20,685
- Deferred charges and accrued income -€9,429
down €9,429 (-37.6%), from €25,090 to €15,661
- Tangible fixed assets -€6,815
down €6,815 (-14.1%), from €48,271 to €41,457
of which Other tangible fixed assets: -€9,358
- Profit (loss) carried forward +€102,675
no longer reported in 2025 (was -€102,675)
- Current portion of long-term debt -€101,051
no longer reported in 2025 (was €101,051)
- Advances received +€50,000
new in 2025: €50,000
- Trade debts -€34,256
down €34,256 (-57.5%), from €59,576 to €25,320
- Tax, wage and social debts +€19,351
up €19,351 (+22.9%), from €84,608 to €103,959
of which Taxes: +€15,802
- Gross operating margin +€61,521
up €61,521 (+8.3%), from €745,503 to €807,024
- Depreciation -€26,345
down €26,345 (-62.8%), from €41,923 to €15,578
- Taxes +€19,578
up €19,578 (+116%), from €16,883 to €36,460
- Financial income +€10,022
up €10,022 (+821%), from €1,221 to €11,242
of which Non-recurring financial income: +€9,855
- Staff costs +€9,054
up €9,054 (+1.5%), from €620,792 to €629,846
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 | €362,771 | €399,401 | +€36,630 | +10.1% |
| Fixed assets | 21/28 | €48,271 | €41,457 | -€6,815 | -14.1% |
| Tangible fixed assets | 22/27 | €48,271 | €41,457 | -€6,815 | -14.1% |
| Plant, machinery and equipment | 23 | €31,742 | €23,484 | -€8,258 | -26.0% |
| Furniture and vehicles | 24 | €7,171 | €17,972 | +€10,801 | +151% |
| Other tangible fixed assets | 26 | €9,358 | - | -€9,358 | |
| Current assets | 29/58 | €314,500 | €357,944 | +€43,445 | +13.8% |
| Stocks and contracts in progress | 3 | €23,726 | - | -€23,726 | |
| Stocks | 30/36 | €3,041 | - | -€3,041 | |
| Contracts in progress | 37 | €20,685 | - | -€20,685 | |
| Amounts receivable within one year | 40/41 | €148,339 | €172,424 | +€24,085 | +16.2% |
| Trade receivables | 40 | €148,339 | €172,424 | +€24,085 | +16.2% |
| Cash at bank and in hand | 54/58 | €117,345 | €169,860 | +€52,515 | +44.8% |
| Deferred charges and accrued income | 490/1 | €25,090 | €15,661 | -€9,429 | -37.6% |
| Total equity and liabilities | 10/49 | €362,771 | €399,401 | +€36,630 | +10.1% |
| Equity | 10/15 | €22,338 | €128,654 | +€106,316 | +476% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Contributions outside capital | 11 | €80,565 | €80,565 | = | 0.0% |
| Other | 1109/19 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €44,447 | €48,088 | +€3,641 | +8.2% |
| Non-distributable reserves | 130/1 | €1,171 | €1,171 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,171 | €1,171 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,277 | €43,277 | = | 0.0% |
| Distributable reserves | 133 | - | €3,641 | +€3,641 | |
| Profit (loss) carried forward | 14 | -€102,675 | - | +€102,675 | |
| Provisions and deferred taxes | 16 | €70,115 | €70,115 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,115 | €70,115 | = | 0.0% |
| Pensions and similar obligations | 160 | €70,115 | €70,115 | = | 0.0% |
| Amounts payable | 17/49 | €270,318 | €200,632 | -€69,686 | -25.8% |
| Amounts payable after more than one year | 17 | €5,000 | €15,902 | +€10,902 | +218% |
| Financial debts | 170/4 | €5,000 | €15,902 | +€10,902 | +218% |
| Amounts payable within one year | 42/48 | €258,686 | €184,730 | -€73,956 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €101,051 | - | -€101,051 | |
| Trade debts | 44 | €59,576 | €25,320 | -€34,256 | -57.5% |
| Suppliers | 440/4 | €59,576 | €25,320 | -€34,256 | -57.5% |
| Advances received on contracts in progress | 46 | - | €50,000 | +€50,000 | |
| Taxes, remuneration and social security | 45 | €84,608 | €103,959 | +€19,351 | +22.9% |
| Taxes | 450/3 | €20,658 | €36,460 | +€15,802 | +76.5% |
| Remuneration and social security | 454/9 | €63,950 | €67,498 | +€3,549 | +5.5% |
| Other amounts payable | 47/48 | €13,452 | €5,452 | -€8,000 | -59.5% |
| Accrued charges and deferred income | 492/3 | €6,632 | - | -€6,632 | |
| Remuneration, social security and pensions | 62 | €620,792 | €629,846 | +€9,054 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,923 | €15,578 | -€26,345 | -62.8% |
| Other operating charges | 640/8 | €16,389 | €17,373 | +€983 | +6.0% |
| Gross operating margin | 9900 | €745,503 | €807,024 | +€61,521 | +8.3% |
| Operating profit (loss) | 9901 | €66,398 | €144,226 | +€77,828 | +117% |
| Financial income | 75/76B | €1,221 | €11,242 | +€10,022 | +821% |
| Recurring financial income | 75 | €1,221 | €166 | -€1,054 | -86.4% |
| Non-recurring financial income | 76B | €1,221 | €11,076 | +€9,855 | +807% |
| Financial charges | 65/66B | €9,611 | €12,693 | +€3,082 | +32.1% |
| Recurring financial charges | 65 | €8,485 | €6,184 | -€2,302 | -27.1% |
| Non-recurring financial charges | 66B | €1,126 | €6,509 | +€5,383 | +478% |
| Profit (loss) for the period before taxes | 9903 | €58,008 | €142,776 | +€84,768 | +146% |
| Income taxes | 67/77 | €16,883 | €36,460 | +€19,578 | +116% |
| Profit (loss) for the period | 9904 | €41,125 | €106,316 | +€65,191 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €41,125 | €106,316 | +€65,191 | +159% |
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.