WATCHMEN GROUP: 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.
WATCHMEN GROUP
Largest movements
- Cash -€317,439
down €317,439 (-66.3%), from €479,040 to €161,601
mainly Other debts (-€297,379) and Receivables within one year (-€247,177)
- Receivables within one year +€247,177
up €247,177 (+122.0%), from €202,605 to €449,783
of which Other amounts receivable: +€207,765
- Current investments -€38,824
down €38,824 (-100.0%), from €38,824 to €0
- Deferred charges and accrued income +€12,548
new in 2025: €12,548
- Other debts -€297,379
down €297,379 (-85.0%), from €350,000 to €52,621
- Trade debts +€194,970
up €194,970 (+5857.6%), from €3,329 to €198,299
- Gross operating margin -€199,296
down €199,296 (-89.4%), from €222,957 to €23,662
- Financial charges +€21,933
up €21,933 (+27138.3%), from €81 to €22,014
- Taxes +€9,564
up €9,564 (+1132.5%), from €844 to €10,408
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 | €866,557 | €770,019 | -€96,538 | -11.1% |
| Fixed assets | 21/28 | €146,088 | €146,088 | = | 0.0% |
| Financial fixed assets | 28 | €146,088 | €146,088 | = | 0.0% |
| Current assets | 29/58 | €720,469 | €623,931 | -€96,538 | -13.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €202,605 | €449,783 | +€247,177 | +122.0% |
| Trade receivables | 40 | €60,000 | €99,412 | +€39,412 | +65.7% |
| Other amounts receivable | 41 | €142,605 | €350,371 | +€207,765 | +145.7% |
| Current investments | 50/53 | €38,824 | €0 | -€38,824 | -100.0% |
| Cash at bank and in hand | 54/58 | €479,040 | €161,601 | -€317,439 | -66.3% |
| Deferred charges and accrued income | 490/1 | - | €12,548 | +€12,548 | |
| Total equity and liabilities | 10/49 | €866,557 | €770,019 | -€96,538 | -11.1% |
| Equity | 10/15 | €505,336 | €506,815 | +€1,478 | +0.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €445,336 | €446,815 | +€1,478 | +0.3% |
| Distributable reserves | 133 | €445,336 | €446,815 | +€1,478 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €361,221 | €263,204 | -€98,017 | -27.1% |
| Amounts payable within one year | 42/48 | €356,221 | €260,204 | -€96,017 | -27.0% |
| Trade debts | 44 | €3,329 | €198,299 | +€194,970 | +5857.6% |
| Suppliers | 440/4 | €3,329 | €198,299 | +€194,970 | +5857.6% |
| Taxes, remuneration and social security | 45 | €2,892 | €9,284 | +€6,392 | +221.0% |
| Taxes | 450/3 | €2,892 | €9,284 | +€6,392 | +221.0% |
| Other amounts payable | 47/48 | €350,000 | €52,621 | -€297,379 | -85.0% |
| Accrued charges and deferred income | 492/3 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Other operating charges | 640/8 | €972 | €1,237 | +€265 | +27.2% |
| Gross operating margin | 9900 | €222,957 | €23,662 | -€199,296 | -89.4% |
| Operating profit (loss) | 9901 | €221,986 | €22,425 | -€199,561 | -89.9% |
| Financial income | 75/76B | €11,514 | €11,475 | -€38 | -0.3% |
| Recurring financial income | 75 | €11,514 | €11,475 | -€38 | -0.3% |
| Financial charges | 65/66B | €81 | €22,014 | +€21,933 | +27138.3% |
| Recurring financial charges | 65 | €81 | €22,014 | +€21,933 | +27138.3% |
| Profit (loss) for the period before taxes | 9903 | €233,419 | €11,886 | -€221,532 | -94.9% |
| Income taxes | 67/77 | €844 | €10,408 | +€9,564 | +1132.5% |
| Profit (loss) for the period | 9904 | €232,574 | €1,478 | -€231,096 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €232,574 | €1,478 | -€231,096 | -99.4% |
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 9 October 2026 via checked.be.