WAT ETS: what changed
Two fiscal 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.
WAT ETS
Largest movements
- Receivables within one year +€7,773
up €7,773 (+23.2%), from €33,458 to €41,231
of which Trade receivables: +€10,734
- Tangible fixed assets -€5,007
down €5,007 (-65.0%), from €7,707 to €2,700
- Trade debts +€13,252
up €13,252 (+294.6%), from €4,498 to €17,750
- Tax, wage and social debts -€7,247
down €7,247 (-94.5%), from €7,666 to €419
- Profit (loss) carried forward -€3,061
down €3,061 (-27.7%), from €11,044 to €7,983
- Gross operating margin +€5,029
up €5,029, from -€1,721 to €3,307
- Financial charges +€1,109
up €1,109 (+225.2%), from €492 to €1,601
- Financial income +€798
up €798 (+3991700.0%), from €0 to €798
- Other operating charges +€232
up €232 (+70.7%), from €328 to €559
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.
Cash bridge derived
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 | €41,880 | €44,609 | +€2,729 | +6.5% |
| Fixed assets | 21/28 | €7,707 | €2,700 | -€5,007 | -65.0% |
| Tangible fixed assets | 22/27 | €7,707 | €2,700 | -€5,007 | -65.0% |
| Furniture and vehicles | 24 | €7,707 | €2,700 | -€5,007 | -65.0% |
| Current assets | 29/58 | €34,174 | €41,909 | +€7,736 | +22.6% |
| Amounts receivable within one year | 40/41 | €33,458 | €41,231 | +€7,773 | +23.2% |
| Trade receivables | 40 | €30,055 | €40,789 | +€10,734 | +35.7% |
| Other amounts receivable | 41 | €3,403 | €442 | -€2,960 | -87.0% |
| Cash at bank and in hand | 54/58 | €641 | €635 | -€6 | -0.9% |
| Deferred charges and accrued income | 490/1 | €74 | €43 | -€32 | -42.8% |
| Total equity and liabilities | 10/49 | €41,880 | €44,609 | +€2,729 | +6.5% |
| Equity | 10/15 | €14,044 | €10,983 | -€3,061 | -21.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,044 | €7,983 | -€3,061 | -27.7% |
| Amounts payable | 17/49 | €27,836 | €33,626 | +€5,790 | +20.8% |
| Amounts payable within one year | 42/48 | €27,836 | €33,626 | +€5,790 | +20.8% |
| Trade debts | 44 | €4,498 | €17,750 | +€13,252 | +294.6% |
| Suppliers | 440/4 | €4,498 | €17,750 | +€13,252 | +294.6% |
| Taxes, remuneration and social security | 45 | €7,666 | €419 | -€7,247 | -94.5% |
| Taxes | 450/3 | €7,666 | €419 | -€7,247 | -94.5% |
| Other amounts payable | 47/48 | €15,672 | €15,457 | -€215 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,007 | €5,007 | = | 0.0% |
| Other operating charges | 640/8 | €328 | €559 | +€232 | +70.7% |
| Gross operating margin | 9900 | -€1,721 | €3,307 | +€5,029 | |
| Operating profit (loss) | 9901 | -€7,056 | -€2,258 | +€4,797 | +68.0% |
| Financial income | 75/76B | €0 | €798 | +€798 | +3991700.0% |
| Recurring financial income | 75 | €0 | €798 | +€798 | +3991700.0% |
| Financial charges | 65/66B | €492 | €1,601 | +€1,109 | +225.2% |
| Recurring financial charges | 65 | €492 | €1,601 | +€1,109 | +225.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,548 | -€3,061 | +€4,487 | +59.4% |
| Profit (loss) for the period | 9904 | -€7,548 | -€3,061 | +€4,487 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,548 | -€3,061 | +€4,487 | +59.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.