WAT TECHNICS: 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.
WAT TECHNICS
Largest movements
- Receivables within one year +€39,075
up €39,075 (+112.3%), from €34,806 to €73,881
of which Trade receivables: +€23,816
- Tangible fixed assets -€10,338
down €10,338 (-19.5%), from €53,015 to €42,677
of which Furniture and vehicles: -€9,852
- Cash -€2,404
down €2,404 (-90.4%), from €2,660 to €256
mainly Receivables within one year (-€39,075) and Current portion of long-term debt (-€10,766)
- Profit (loss) carried forward +€34,579
up €34,579 (+99.2%), from €34,860 to €69,439
- Current portion of long-term debt -€10,766
down €10,766 (-23.1%), from €46,706 to €35,940
- Other debts +€5,796
up €5,796 (+137.9%), from €4,204 to €10,000
- Trade debts -€3,232
down €3,232 (-27.0%), from €11,983 to €8,752
- Gross operating margin +€56,578
up €56,578 (+96.0%), from €58,950 to €115,527
- Staff costs +€16,406
up €16,406 (+36.5%), from €44,956 to €61,362
- Depreciation +€7,826
up €7,826 (+212.1%), from €3,690 to €11,516
- Financial income -€3,985
down €3,985 (-61.0%), from €6,536 to €2,550
- Taxes +€3,534
up €3,534 (+58.1%), from €6,081 to €9,615
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 | €114,482 | €140,815 | +€26,333 | +23.0% |
| Fixed assets | 21/28 | €53,015 | €42,677 | -€10,338 | -19.5% |
| Tangible fixed assets | 22/27 | €53,015 | €42,677 | -€10,338 | -19.5% |
| Plant, machinery and equipment | 23 | €500 | €15 | -€486 | -97.0% |
| Furniture and vehicles | 24 | €52,515 | €42,663 | -€9,852 | -18.8% |
| Current assets | 29/58 | €61,466 | €98,138 | +€36,671 | +59.7% |
| Amounts receivable after more than one year | 29 | €24,000 | €24,000 | = | 0.0% |
| Other amounts receivable | 291 | €24,000 | €24,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,806 | €73,881 | +€39,075 | +112.3% |
| Trade receivables | 40 | €4,408 | €28,224 | +€23,816 | +540.3% |
| Other amounts receivable | 41 | €30,398 | €45,657 | +€15,259 | +50.2% |
| Cash at bank and in hand | 54/58 | €2,660 | €256 | -€2,404 | -90.4% |
| Total equity and liabilities | 10/49 | €114,482 | €140,815 | +€26,333 | +23.0% |
| Equity | 10/15 | €37,860 | €72,439 | +€34,579 | +91.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,860 | €69,439 | +€34,579 | +99.2% |
| Amounts payable | 17/49 | €76,622 | €68,376 | -€8,246 | -10.8% |
| Amounts payable within one year | 42/48 | €76,622 | €68,376 | -€8,246 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €46,706 | €35,940 | -€10,766 | -23.1% |
| Trade debts | 44 | €11,983 | €8,752 | -€3,232 | -27.0% |
| Suppliers | 440/4 | €11,983 | €8,752 | -€3,232 | -27.0% |
| Taxes, remuneration and social security | 45 | €13,729 | €13,684 | -€44 | -0.3% |
| Taxes | 450/3 | €4,085 | €6,696 | +€2,611 | +63.9% |
| Remuneration and social security | 454/9 | €9,643 | €6,988 | -€2,655 | -27.5% |
| Other amounts payable | 47/48 | €4,204 | €10,000 | +€5,796 | +137.9% |
| Remuneration, social security and pensions | 62 | €44,956 | €61,362 | +€16,406 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,690 | €11,516 | +€7,826 | +212.1% |
| Other operating charges | 640/8 | €93 | €821 | +€727 | +779.2% |
| Gross operating margin | 9900 | €58,950 | €115,527 | +€56,578 | +96.0% |
| Operating profit (loss) | 9901 | €10,210 | €41,829 | +€31,619 | +309.7% |
| Financial income | 75/76B | €6,536 | €2,550 | -€3,985 | -61.0% |
| Recurring financial income | 75 | €6,536 | €2,550 | -€3,985 | -61.0% |
| Financial charges | 65/66B | €465 | €185 | -€280 | -60.2% |
| Recurring financial charges | 65 | €465 | €185 | -€280 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €16,280 | €44,194 | +€27,914 | +171.5% |
| Income taxes | 67/77 | €6,081 | €9,615 | +€3,534 | +58.1% |
| Profit (loss) for the period | 9904 | €10,199 | €34,579 | +€24,379 | +239.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,199 | €34,579 | +€24,379 | +239.0% |
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 12 October 2026 via checked.be.