Watan Market: what changed
Watan Market
Largest movements
- Tangible fixed assets +€8,978
up €8,978 (+503%), from €1,784 to €10,762
of which Plant, machinery and equipment: +€6,298
- Stocks and contracts +€8,819
up €8,819 (+19.7%), from €44,837 to €53,656
- Cash -€5,147
down €5,147 (-34.8%), from €14,785 to €9,638
mainly Investment in fixed assets (net) (-€13,610) and Net result for the year (-€10,531)
- Financial fixed assets +€2,250
new in 2025: €2,250
- Receivables within one year -€1,031
no longer reported in 2025 (was €1,031)
- Tax, wage and social debts +€14,571
up €14,571 (+144%), from €10,110 to €24,681
of which Remuneration and social security: +€13,557
- Other debts +€12,103
up €12,103 (+30.9%), from €39,210 to €51,313
- Profit (loss) carried forward -€10,531
down €10,531, from €966 to -€9,565
- Trade debts -€2,274
down €2,274 (-20.4%), from €11,151 to €8,877
- Staff costs +€12,939
up €12,939 (+110%), from €11,733 to €24,672
- Gross operating margin +€6,011
up €6,011 (+43.0%), from €13,964 to €19,975
- Other operating charges +€3,244
up €3,244 (+3,310%), from €98 to €3,342
- Depreciation +€1,760
up €1,760 (+283%), from €622 to €2,382
- Taxes -€418
no longer reported in 2025 (was €418)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,437 | €76,306 | +€13,869 | +22.2% |
| Fixed assets | 21/28 | €1,784 | €13,012 | +€11,228 | +629% |
| Tangible fixed assets | 22/27 | €1,784 | €10,762 | +€8,978 | +503% |
| Plant, machinery and equipment | 23 | €491 | €6,789 | +€6,298 | +1,283% |
| Furniture and vehicles | 24 | €1,293 | €3,973 | +€2,680 | +207% |
| Financial fixed assets | 28 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €60,653 | €63,294 | +€2,641 | +4.4% |
| Stocks and contracts in progress | 3 | €44,837 | €53,656 | +€8,819 | +19.7% |
| Stocks | 30/36 | €44,837 | €53,656 | +€8,819 | +19.7% |
| Amounts receivable within one year | 40/41 | €1,031 | - | -€1,031 | |
| Other amounts receivable | 41 | €1,031 | - | -€1,031 | |
| Cash at bank and in hand | 54/58 | €14,785 | €9,638 | -€5,147 | -34.8% |
| Total equity and liabilities | 10/49 | €62,437 | €76,306 | +€13,869 | +22.2% |
| Equity | 10/15 | €1,966 | -€8,565 | -€10,531 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €966 | -€9,565 | -€10,531 | |
| Amounts payable | 17/49 | €60,471 | €84,871 | +€24,400 | +40.3% |
| Amounts payable within one year | 42/48 | €60,471 | €84,871 | +€24,400 | +40.3% |
| Trade debts | 44 | €11,151 | €8,877 | -€2,274 | -20.4% |
| Suppliers | 440/4 | €11,151 | €8,877 | -€2,274 | -20.4% |
| Taxes, remuneration and social security | 45 | €10,110 | €24,681 | +€14,571 | +144% |
| Taxes | 450/3 | €417 | €1,431 | +€1,014 | +243% |
| Remuneration and social security | 454/9 | €9,693 | €23,250 | +€13,557 | +140% |
| Other amounts payable | 47/48 | €39,210 | €51,313 | +€12,103 | +30.9% |
| Remuneration, social security and pensions | 62 | €11,733 | €24,672 | +€12,939 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €622 | €2,382 | +€1,760 | +283% |
| Other operating charges | 640/8 | €98 | €3,342 | +€3,244 | +3,310% |
| Gross operating margin | 9900 | €13,964 | €19,975 | +€6,011 | +43.0% |
| Operating profit (loss) | 9901 | €1,511 | -€10,421 | -€11,932 | |
| Financial charges | 65/66B | €127 | €110 | -€17 | -13.4% |
| Recurring financial charges | 65 | €127 | €110 | -€17 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €1,384 | -€10,531 | -€11,915 | |
| Income taxes | 67/77 | €418 | - | -€418 | |
| Profit (loss) for the period | 9904 | €966 | -€10,531 | -€11,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €966 | -€10,531 | -€11,497 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.