WATANY: 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.
WATANY
Largest movements
- Cash -€13,647
down €13,647 (-54.3%), from €25,126 to €11,479
mainly Net result for the year (-€10,187) and Receivables within one year (-€7,006)
- Receivables within one year +€7,006
up €7,006 (+293%), from €2,390 to €9,397
of which Trade receivables: +€7,061
- Stocks and contracts +€2,500
up €2,500 (+7.5%), from €33,500 to €36,000
- Tangible fixed assets -€1,633
down €1,633 (-44.6%), from €3,665 to €2,032
- Profit (loss) carried forward -€10,187
down €10,187, from €6,972 to -€3,215
- Other debts +€10,058
up €10,058 (+437%), from €2,302 to €12,360
- Trade debts -€5,035
down €5,035 (-11.8%), from €42,753 to €37,718
- Staff costs +€38,406
up €38,406 (+571%), from €6,722 to €45,128
- Gross operating margin +€22,973
up €22,973 (+120%), from €19,169 to €42,142
- Other operating charges +€1,781
up €1,781 (+138%), from €1,287 to €3,068
- Taxes -€1,504
down €1,504 (-82.3%), from €1,827 to €323
- Financial charges +€1,077
up €1,077 (+95.8%), from €1,125 to €2,202
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 | €65,016 | €59,682 | -€5,334 | -8.2% |
| Fixed assets | 21/28 | €3,665 | €2,032 | -€1,633 | -44.6% |
| Tangible fixed assets | 22/27 | €3,665 | €2,032 | -€1,633 | -44.6% |
| Plant, machinery and equipment | 23 | €3,665 | €2,032 | -€1,633 | -44.6% |
| Current assets | 29/58 | €61,351 | €57,650 | -€3,701 | -6.0% |
| Stocks and contracts in progress | 3 | €33,500 | €36,000 | +€2,500 | +7.5% |
| Stocks | 30/36 | €33,500 | €36,000 | +€2,500 | +7.5% |
| Amounts receivable within one year | 40/41 | €2,390 | €9,397 | +€7,006 | +293% |
| Trade receivables | 40 | €2,111 | €9,172 | +€7,061 | +335% |
| Other amounts receivable | 41 | €280 | €225 | -€55 | -19.5% |
| Cash at bank and in hand | 54/58 | €25,126 | €11,479 | -€13,647 | -54.3% |
| Deferred charges and accrued income | 490/1 | €335 | €775 | +€441 | +132% |
| Total equity and liabilities | 10/49 | €65,016 | €59,682 | -€5,334 | -8.2% |
| Equity | 10/15 | €9,972 | -€215 | -€10,187 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,972 | -€3,215 | -€10,187 | |
| Amounts payable | 17/49 | €55,044 | €59,897 | +€4,853 | +8.8% |
| Amounts payable within one year | 42/48 | €55,044 | €59,897 | +€4,853 | +8.8% |
| Trade debts | 44 | €42,753 | €37,718 | -€5,035 | -11.8% |
| Suppliers | 440/4 | €42,753 | €37,718 | -€5,035 | -11.8% |
| Taxes, remuneration and social security | 45 | €9,989 | €9,819 | -€170 | -1.7% |
| Taxes | 450/3 | €4,365 | €1,661 | -€2,704 | -62.0% |
| Remuneration and social security | 454/9 | €5,624 | €8,158 | +€2,534 | +45.1% |
| Other amounts payable | 47/48 | €2,302 | €12,360 | +€10,058 | +437% |
| Remuneration, social security and pensions | 62 | €6,722 | €45,128 | +€38,406 | +571% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,235 | €1,633 | +€398 | +32.2% |
| Other operating charges | 640/8 | €1,287 | €3,068 | +€1,781 | +138% |
| Gross operating margin | 9900 | €19,169 | €42,142 | +€22,973 | +120% |
| Operating profit (loss) | 9901 | €9,924 | -€7,688 | -€17,612 | |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €1,125 | €2,202 | +€1,077 | +95.8% |
| Recurring financial charges | 65 | €1,125 | €2,202 | +€1,077 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | €8,799 | -€9,864 | -€18,663 | |
| Income taxes | 67/77 | €1,827 | €323 | -€1,504 | -82.3% |
| Profit (loss) for the period | 9904 | €6,972 | -€10,187 | -€17,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,972 | -€10,187 | -€17,159 |
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 26 October 2026 via checked.be.