Watarna: 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.
Watarna
Largest movements
- Current investments +€220,000
up €220,000 (+28.2%), from €780,000 to €1.0m
- Tangible fixed assets -€12,997
down €12,997 (-25.2%), from €51,626 to €38,629
of which Other tangible fixed assets: -€8,493
- Reserves +€189,866
up €189,866 (+21.9%), from €866,883 to €1.1m
- Gross operating margin -€13,519
down €13,519 (-4.8%), from €282,676 to €269,157
- Financial income +€5,231
up €5,231 (+28.8%), from €18,169 to €23,400
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 | €911,632 | €1,099,146 | +€187,514 | +20.6% |
| Fixed assets | 21/28 | €51,626 | €38,629 | -€12,997 | -25.2% |
| Tangible fixed assets | 22/27 | €51,626 | €38,629 | -€12,997 | -25.2% |
| Plant, machinery and equipment | 23 | €2,183 | €1,961 | -€222 | -10.2% |
| Furniture and vehicles | 24 | €6,326 | €2,044 | -€4,282 | -67.7% |
| Other tangible fixed assets | 26 | €43,117 | €34,624 | -€8,493 | -19.7% |
| Current assets | 29/58 | €860,006 | €1,060,517 | +€200,511 | +23.3% |
| Amounts receivable within one year | 40/41 | €27,002 | €19,920 | -€7,082 | -26.2% |
| Trade receivables | 40 | €27,002 | €19,762 | -€7,240 | -26.8% |
| Other amounts receivable | 41 | €0 | €158 | +€158 | |
| Current investments | 50/53 | €780,000 | €1,000,000 | +€220,000 | +28.2% |
| Cash at bank and in hand | 54/58 | €34,311 | €27,261 | -€7,050 | -20.5% |
| Deferred charges and accrued income | 490/1 | €18,693 | €13,336 | -€5,357 | -28.7% |
| Total equity and liabilities | 10/49 | €911,632 | €1,099,146 | +€187,514 | +20.6% |
| Equity | 10/15 | €866,883 | €1,056,749 | +€189,866 | +21.9% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €866,883 | €1,056,749 | +€189,866 | +21.9% |
| Distributable reserves | 133 | €866,883 | €1,056,749 | +€189,866 | +21.9% |
| Amounts payable | 17/49 | €44,749 | €42,397 | -€2,352 | -5.3% |
| Amounts payable within one year | 42/48 | €44,749 | €42,397 | -€2,352 | -5.3% |
| Trade debts | 44 | €6,386 | €7,460 | +€1,073 | +16.8% |
| Suppliers | 440/4 | €6,386 | €7,460 | +€1,073 | +16.8% |
| Taxes, remuneration and social security | 45 | €33,400 | €34,938 | +€1,537 | +4.6% |
| Taxes | 450/3 | €33,400 | €34,938 | +€1,537 | +4.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,962 | €0 | -€4,962 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,505 | €12,997 | -€507 | -3.8% |
| Other operating charges | 640/8 | €476 | €387 | -€89 | -18.7% |
| Gross operating margin | 9900 | €282,676 | €269,157 | -€13,519 | -4.8% |
| Operating profit (loss) | 9901 | €268,695 | €255,772 | -€12,923 | -4.8% |
| Financial income | 75/76B | €18,169 | €23,400 | +€5,231 | +28.8% |
| Recurring financial income | 75 | €18,169 | €23,400 | +€5,231 | +28.8% |
| Financial charges | 65/66B | €2,279 | €3,282 | +€1,003 | +44.0% |
| Recurring financial charges | 65 | €2,279 | €3,282 | +€1,003 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €284,585 | €275,890 | -€8,695 | -3.1% |
| Income taxes | 67/77 | €87,782 | €86,024 | -€1,758 | -2.0% |
| Profit (loss) for the period | 9904 | €196,803 | €189,866 | -€6,937 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €196,803 | €189,866 | -€6,937 | -3.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.