WATEA R: 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.
WATEA R
Largest movements
- Cash +€9,083
up €9,083 (+492.2%), from €1,845 to €10,928
mainly Net result for the year (+€18,839) and Depreciation (+€9,361)
- Tangible fixed assets +€1,167
up €1,167 (+9.9%), from €11,803 to €12,970
of which Furniture and vehicles: +€2,590
- Deferred charges and accrued income +€984
new in 2025: €984
- Profit (loss) carried forward +€12,284
up €12,284, from -€12,284 to €0
- Other debts -€7,589
down €7,589 (-56.4%), from €13,445 to €5,856
- Reserves +€6,555
new in 2025: €6,555
- Gross operating margin +€28,625
up €28,625 (+235.9%), from €12,135 to €40,760
- Taxes +€8,319
up €8,319 (+239.7%), from €3,471 to €11,790
- Depreciation +€1,973
up €1,973 (+26.7%), from €7,389 to €9,361
- Staff costs +€1,425
up €1,425, from -€1,425 to €0
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 | €14,774 | €25,987 | +€11,212 | +75.9% |
| Fixed assets | 21/28 | €12,178 | €13,170 | +€992 | +8.1% |
| Tangible fixed assets | 22/27 | €11,803 | €12,970 | +€1,167 | +9.9% |
| Plant, machinery and equipment | 23 | €3,679 | €2,256 | -€1,423 | -38.7% |
| Furniture and vehicles | 24 | €8,124 | €10,714 | +€2,590 | +31.9% |
| Financial fixed assets | 28 | €375 | €200 | -€175 | -46.7% |
| Current assets | 29/58 | €2,597 | €12,817 | +€10,220 | +393.6% |
| Amounts receivable within one year | 40/41 | €751 | €905 | +€154 | +20.5% |
| Trade receivables | 40 | €751 | €905 | +€154 | +20.5% |
| Cash at bank and in hand | 54/58 | €1,845 | €10,928 | +€9,083 | +492.2% |
| Deferred charges and accrued income | 490/1 | - | €984 | +€984 | |
| Total equity and liabilities | 10/49 | €14,774 | €25,987 | +€11,212 | +75.9% |
| Equity | 10/15 | €116 | €18,955 | +€18,839 | +16198.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €6,555 | +€6,555 | |
| Distributable reserves | 133 | - | €6,555 | +€6,555 | |
| Profit (loss) carried forward | 14 | -€12,284 | €0 | +€12,284 | |
| Amounts payable | 17/49 | €14,658 | €7,032 | -€7,626 | -52.0% |
| Amounts payable within one year | 42/48 | €14,658 | €7,032 | -€7,626 | -52.0% |
| Trade debts | 44 | €232 | €386 | +€154 | +66.3% |
| Suppliers | 440/4 | €232 | €386 | +€154 | +66.3% |
| Taxes, remuneration and social security | 45 | €981 | €790 | -€191 | -19.5% |
| Taxes | 450/3 | €981 | €790 | -€191 | -19.5% |
| Other amounts payable | 47/48 | €13,445 | €5,856 | -€7,589 | -56.4% |
| Remuneration, social security and pensions | 62 | -€1,425 | €0 | +€1,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,389 | €9,361 | +€1,973 | +26.7% |
| Other operating charges | 640/8 | €618 | €638 | +€20 | +3.2% |
| Gross operating margin | 9900 | €12,135 | €40,760 | +€28,625 | +235.9% |
| Operating profit (loss) | 9901 | €5,553 | €30,760 | +€25,207 | +453.9% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €125 | €132 | +€7 | +5.8% |
| Recurring financial charges | 65 | €125 | €132 | +€7 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €5,434 | €30,628 | +€25,194 | +463.6% |
| Income taxes | 67/77 | €3,471 | €11,790 | +€8,319 | +239.7% |
| Profit (loss) for the period | 9904 | €1,963 | €18,839 | +€16,875 | +859.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,963 | €18,839 | +€16,875 | +859.5% |
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.