WATCOM: what changed
Two fiscal 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.
WATCOM
Largest movements
- Cash +€14,025
up €14,025 (+25.5%), from €54,976 to €69,001
mainly Other debts (+€16,155) and Depreciation (+€8,147)
- Tangible fixed assets -€8,147
down €8,147 (-11.4%), from €71,688 to €63,541
of which Furniture and vehicles: -€5,344
- Receivables within one year -€2,038
no longer reported in 2025 (was €2,038)
- Other debts +€16,155
up €16,155 (+597.9%), from €2,702 to €18,857
- Reserves -€11,942
down €11,942 (-15.5%), from €77,117 to €65,175
of which Distributable reserves: -€11,159
- Trade debts +€1,905
up €1,905 (+412.0%), from €462 to €2,367
- Tax, wage and social debts -€1,819
down €1,819 (-42.1%), from €4,316 to €2,497
- Other operating charges -€892
down €892 (-26.4%), from €3,379 to €2,487
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 | €134,299 | €138,234 | +€3,935 | +2.9% |
| Formation expenses | 20 | €4,058 | €4,058 | = | 0.0% |
| Fixed assets | 21/28 | €71,981 | €63,835 | -€8,147 | -11.3% |
| Tangible fixed assets | 22/27 | €71,688 | €63,541 | -€8,147 | -11.4% |
| Land and buildings | 22 | €54,681 | €51,901 | -€2,780 | -5.1% |
| Plant, machinery and equipment | 23 | €22 | - | -€22 | |
| Furniture and vehicles | 24 | €16,985 | €11,641 | -€5,344 | -31.5% |
| Financial fixed assets | 28 | €293 | €293 | = | 0.0% |
| Current assets | 29/58 | €58,259 | €70,341 | +€12,081 | +20.7% |
| Amounts receivable within one year | 40/41 | €2,038 | - | -€2,038 | |
| Other amounts receivable | 41 | €2,038 | - | -€2,038 | |
| Cash at bank and in hand | 54/58 | €54,976 | €69,001 | +€14,025 | +25.5% |
| Deferred charges and accrued income | 490/1 | €1,246 | €1,340 | +€94 | +7.5% |
| Total equity and liabilities | 10/49 | €134,299 | €138,234 | +€3,935 | +2.9% |
| Equity | 10/15 | €122,695 | €110,753 | -€11,942 | -9.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €77,117 | €65,175 | -€11,942 | -15.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,873 | €8,090 | -€783 | -8.8% |
| Distributable reserves | 133 | €66,385 | €55,226 | -€11,159 | -16.8% |
| Profit (loss) carried forward | 14 | €39,380 | €39,380 | = | 0.0% |
| Provisions and deferred taxes | 16 | €4,124 | €3,760 | -€364 | -8.8% |
| Deferred taxes | 168 | €4,124 | €3,760 | -€364 | -8.8% |
| Amounts payable | 17/49 | €7,480 | €23,721 | +€16,241 | +217.1% |
| Amounts payable within one year | 42/48 | €7,480 | €23,721 | +€16,241 | +217.1% |
| Trade debts | 44 | €462 | €2,367 | +€1,905 | +412.0% |
| Suppliers | 440/4 | €462 | €2,367 | +€1,905 | +412.0% |
| Taxes, remuneration and social security | 45 | €4,316 | €2,497 | -€1,819 | -42.1% |
| Taxes | 450/3 | €4,316 | €2,497 | -€1,819 | -42.1% |
| Other amounts payable | 47/48 | €2,702 | €18,857 | +€16,155 | +597.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,373 | €8,147 | -€226 | -2.7% |
| Other operating charges | 640/8 | €3,379 | €2,487 | -€892 | -26.4% |
| Gross operating margin | 9900 | €23,542 | €23,756 | +€214 | +0.9% |
| Operating profit (loss) | 9901 | €11,790 | €13,122 | +€1,332 | +11.3% |
| Financial income | 75/76B | €15 | €2 | -€13 | -86.4% |
| Recurring financial income | 75 | €15 | €2 | -€13 | -86.4% |
| Financial charges | 65/66B | €266 | €140 | -€126 | -47.5% |
| Recurring financial charges | 65 | €266 | €140 | -€126 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €11,540 | €12,985 | +€1,445 | +12.5% |
| Transfer from deferred taxes | 780 | €364 | €364 | = | 0.0% |
| Income taxes | 67/77 | €5,132 | €5,291 | +€159 | +3.1% |
| Profit (loss) for the period | 9904 | €6,771 | €8,058 | +€1,286 | +19.0% |
| Transfer from tax-exempt reserves | 789 | €783 | €783 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,554 | €8,841 | +€1,286 | +17.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.