WATAPANA: 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.
WATAPANA
Largest movements
- Receivables within one year +€20,094
up €20,094 (+712%), from €2,821 to €22,915
- Cash +€9,488
up €9,488 (+21.9%), from €43,346 to €52,834
mainly Net result for the year (+€38,574) and Depreciation (+€1,216)
- Tangible fixed assets -€1,216
down €1,216 (-35.9%), from €3,383 to €2,167
- Reserves +€38,574
up €38,574 (+87.5%), from €44,109 to €82,683
- Other debts -€8,064
no longer reported in 2025 (was €8,064)
- Trade debts -€1,301
down €1,301 (-35.3%), from €3,681 to €2,380
- Gross operating margin +€7,132
up €7,132 (+16.2%), from €43,927 to €51,059
- Taxes +€1,509
up €1,509 (+16.4%), from €9,179 to €10,689
- Depreciation +€951
up €951 (+359%), from €265 to €1,216
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 | €58,440 | €87,649 | +€29,209 | +50.0% |
| Fixed assets | 21/28 | €3,383 | €2,167 | -€1,216 | -35.9% |
| Tangible fixed assets | 22/27 | €3,383 | €2,167 | -€1,216 | -35.9% |
| Furniture and vehicles | 24 | €3,383 | €2,167 | -€1,216 | -35.9% |
| Current assets | 29/58 | €55,057 | €85,482 | +€30,425 | +55.3% |
| Amounts receivable within one year | 40/41 | €2,821 | €22,915 | +€20,094 | +712% |
| Other amounts receivable | 41 | €2,821 | €22,915 | +€20,094 | +712% |
| Cash at bank and in hand | 54/58 | €43,346 | €52,834 | +€9,488 | +21.9% |
| Deferred charges and accrued income | 490/1 | €8,890 | €9,733 | +€843 | +9.5% |
| Total equity and liabilities | 10/49 | €58,440 | €87,649 | +€29,209 | +50.0% |
| Equity | 10/15 | €46,609 | €85,183 | +€38,574 | +82.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €44,109 | €82,683 | +€38,574 | +87.5% |
| Distributable reserves | 133 | €44,109 | €82,683 | +€38,574 | +87.5% |
| Amounts payable | 17/49 | €11,831 | €2,466 | -€9,365 | -79.2% |
| Amounts payable within one year | 42/48 | €11,831 | €2,466 | -€9,365 | -79.2% |
| Trade debts | 44 | €3,681 | €2,380 | -€1,301 | -35.3% |
| Suppliers | 440/4 | €3,681 | €2,380 | -€1,301 | -35.3% |
| Taxes, remuneration and social security | 45 | €86 | €86 | = | 0.0% |
| Taxes | 450/3 | €86 | €86 | = | 0.0% |
| Other amounts payable | 47/48 | €8,064 | - | -€8,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | €1,216 | +€951 | +359% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €43,927 | €51,059 | +€7,132 | +16.2% |
| Operating profit (loss) | 9901 | €43,148 | €49,315 | +€6,167 | +14.3% |
| Financial charges | 65/66B | €330 | €53 | -€278 | -84.1% |
| Recurring financial charges | 65 | €330 | €53 | -€278 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | €42,818 | €49,263 | +€6,445 | +15.1% |
| Income taxes | 67/77 | €9,179 | €10,689 | +€1,509 | +16.4% |
| Profit (loss) for the period | 9904 | €33,639 | €38,574 | +€4,936 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,639 | €38,574 | +€4,936 | +14.7% |
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 16 October 2026 via checked.be.