WASSERIJ IRIS VANDERSTEEN: 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 IRIS VANDERSTEEN
Largest movements
- Receivables within one year -€51,484
down €51,484 (-82.0%), from €62,785 to €11,301
of which Trade receivables: -€58,864
- Cash -€41,555
down €41,555 (-22.7%), from €182,742 to €141,187
mainly Other debts (-€94,876) and Debts after one year (-€11,512)
- Tangible fixed assets -€28,756
down €28,756 (-100%), from €28,756 to €0
- Other debts -€94,876
down €94,876 (-94.8%), from €100,117 to €5,241
- Debts after one year -€11,512
down €11,512 (-100%), from €11,512 to €0
- Tax, wage and social debts -€8,138
down €8,138 (-93.9%), from €8,663 to €525
of which Remuneration and social security: -€7,343
- Accrued charges and deferred income -€7,411
down €7,411 (-99.5%), from €7,450 to €39
- Current portion of long-term debt +€5,797
up €5,797 (+101%), from €5,715 to €11,512
- Gross operating margin -€38,967
down €38,967 (-68.6%), from €56,822 to €17,855
- Write-downs -€14,062
down €14,062, from €0 to -€14,062
- Staff costs -€11,701
down €11,701 (-66.7%), from €17,531 to €5,829
- Depreciation -€7,876
down €7,876 (-100%), from €7,876 to €0
- Taxes +€7,583
up €7,583, from €0 to €7,583
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 | €276,656 | €156,298 | -€120,358 | -43.5% |
| Fixed assets | 21/28 | €28,756 | €0 | -€28,756 | -100% |
| Tangible fixed assets | 22/27 | €28,756 | €0 | -€28,756 | -100% |
| Furniture and vehicles | 24 | €28,756 | €0 | -€28,756 | -100% |
| Current assets | 29/58 | €247,900 | €156,298 | -€91,602 | -37.0% |
| Stocks and contracts in progress | 3 | €898 | €0 | -€898 | -100% |
| Stocks | 30/36 | €898 | €0 | -€898 | -100% |
| Amounts receivable within one year | 40/41 | €62,785 | €11,301 | -€51,484 | -82.0% |
| Trade receivables | 40 | €59,192 | €328 | -€58,864 | -99.4% |
| Other amounts receivable | 41 | €3,592 | €10,972 | +€7,380 | +205% |
| Cash at bank and in hand | 54/58 | €182,742 | €141,187 | -€41,555 | -22.7% |
| Deferred charges and accrued income | 490/1 | €1,476 | €3,810 | +€2,334 | +158% |
| Total equity and liabilities | 10/49 | €276,656 | €156,298 | -€120,358 | -43.5% |
| Equity | 10/15 | €142,999 | €137,940 | -€5,059 | -3.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €30,603 | €30,603 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €24,406 | €24,406 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,422 | €45,364 | -€5,059 | -10.0% |
| Amounts payable | 17/49 | €133,657 | €18,357 | -€115,299 | -86.3% |
| Amounts payable after more than one year | 17 | €11,512 | €0 | -€11,512 | -100% |
| Financial debts | 170/4 | €11,512 | €0 | -€11,512 | -100% |
| Amounts payable within one year | 42/48 | €114,695 | €18,318 | -€96,377 | -84.0% |
| Current portion of amounts payable after more than one year | 42 | €5,715 | €11,512 | +€5,797 | +101% |
| Trade debts | 44 | €200 | €1,040 | +€840 | +419% |
| Suppliers | 440/4 | €200 | €1,040 | +€840 | +419% |
| Taxes, remuneration and social security | 45 | €8,663 | €525 | -€8,138 | -93.9% |
| Taxes | 450/3 | €1,320 | €525 | -€795 | -60.2% |
| Remuneration and social security | 454/9 | €7,343 | €0 | -€7,343 | -100% |
| Other amounts payable | 47/48 | €100,117 | €5,241 | -€94,876 | -94.8% |
| Accrued charges and deferred income | 492/3 | €7,450 | €39 | -€7,411 | -99.5% |
| Non-recurring operating income | 76A | - | €4,583 | +€4,583 | |
| Remuneration, social security and pensions | 62 | €17,531 | €5,829 | -€11,701 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,876 | €0 | -€7,876 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€14,062 | -€14,062 | |
| Other operating charges | 640/8 | €2,330 | €1,241 | -€1,089 | -46.7% |
| Non-recurring operating charges | 66A | - | €19,795 | +€19,795 | |
| Gross operating margin | 9900 | €56,822 | €17,855 | -€38,967 | -68.6% |
| Operating profit (loss) | 9901 | €29,085 | €5,052 | -€24,033 | -82.6% |
| Financial income | 75/76B | €29 | €1 | -€28 | -96.4% |
| Recurring financial income | 75 | €29 | €1 | -€28 | -96.4% |
| Financial charges | 65/66B | €856 | €2,529 | +€1,673 | +195% |
| Recurring financial charges | 65 | €856 | €2,529 | +€1,673 | +195% |
| Profit (loss) for the period before taxes | 9903 | €28,258 | €2,524 | -€25,734 | -91.1% |
| Income taxes | 67/77 | €0 | €7,583 | +€7,583 | |
| Profit (loss) for the period | 9904 | €28,258 | -€5,059 | -€33,317 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,258 | -€5,059 | -€33,317 |
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 30 October 2026 via checked.be.