WATEC: 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.
WATEC
Largest movements
- Stocks and contracts +€7,967
new in 2025: €7,967
- Deferred charges and accrued income -€763
no longer reported in 2025 (was €763)
- Tangible fixed assets -€642
down €642 (-29.0%), from €2,216 to €1,574
- Trade debts +€3,546
up €3,546 (+131%), from €2,713 to €6,260
- Profit (loss) carried forward +€2,689
up €2,689 (+10.3%), from -€26,147 to -€23,458
- Advances received -€426
no longer reported in 2025 (was €426)
- Accrued charges and deferred income +€402
up €402 (+105%), from €382 to €784
- Purchases and services +€49,067
new in 2025: €49,067
- Gross operating margin +€6,152
up €6,152, from -€1,238 to €4,914
- Other operating charges +€524
up €524 (+302%), from €174 to €697
- Financial income +€252
up €252 (+145%), from €174 to €426
- Depreciation -€170
down €170 (-20.9%), from €812 to €642
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 | €27,177 | €33,434 | +€6,256 | +23.0% |
| Fixed assets | 21/28 | €2,811 | €2,169 | -€642 | -22.9% |
| Tangible fixed assets | 22/27 | €2,216 | €1,574 | -€642 | -29.0% |
| Plant, machinery and equipment | 23 | €1,690 | €1,457 | -€233 | -13.8% |
| Furniture and vehicles | 24 | €213 | - | -€213 | |
| Other tangible fixed assets | 26 | €313 | €117 | -€196 | -62.6% |
| Financial fixed assets | 28 | €594 | €594 | = | 0.0% |
| Current assets | 29/58 | €24,367 | €31,265 | +€6,899 | +28.3% |
| Stocks and contracts in progress | 3 | - | €7,967 | +€7,967 | |
| Stocks | 30/36 | - | €7,967 | +€7,967 | |
| Amounts receivable within one year | 40/41 | €23,595 | €23,294 | -€301 | -1.3% |
| Trade receivables | 40 | €22,758 | €22,272 | -€486 | -2.1% |
| Other amounts receivable | 41 | €837 | €1,023 | +€186 | +22.2% |
| Cash at bank and in hand | 54/58 | €8 | €4 | -€4 | -54.7% |
| Deferred charges and accrued income | 490/1 | €763 | - | -€763 | |
| Total equity and liabilities | 10/49 | €27,177 | €33,434 | +€6,256 | +23.0% |
| Equity | 10/15 | €3,848 | €6,537 | +€2,689 | +69.9% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €2,727 | €2,727 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,727 | €2,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,147 | -€23,458 | +€2,689 | +10.3% |
| Amounts payable | 17/49 | €23,329 | €26,896 | +€3,567 | +15.3% |
| Amounts payable after more than one year | 17 | €13,713 | €13,713 | = | 0.0% |
| Financial debts | 170/4 | €13,713 | €13,713 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,234 | €12,399 | +€3,165 | +34.3% |
| Financial debts | 43 | €5,183 | €5,197 | +€13 | +0.3% |
| Credit institutions | 430/8 | €5,183 | €5,197 | +€13 | +0.3% |
| Trade debts | 44 | €2,713 | €6,260 | +€3,546 | +131% |
| Suppliers | 440/4 | €2,713 | €6,260 | +€3,546 | +131% |
| Advances received on contracts in progress | 46 | €426 | - | -€426 | |
| Taxes, remuneration and social security | 45 | €750 | €450 | -€300 | -40.1% |
| Taxes | 450/3 | €750 | €450 | -€300 | -40.1% |
| Other amounts payable | 47/48 | €162 | €493 | +€331 | +205% |
| Accrued charges and deferred income | 492/3 | €382 | €784 | +€402 | +105% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €49,067 | +€49,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €812 | €642 | -€170 | -20.9% |
| Other operating charges | 640/8 | €174 | €697 | +€524 | +302% |
| Non-recurring operating charges | 66A | - | €117 | +€117 | |
| Gross operating margin | 9900 | -€1,238 | €4,914 | +€6,152 | |
| Operating profit (loss) | 9901 | -€2,224 | €3,457 | +€5,681 | |
| Financial income | 75/76B | €174 | €426 | +€252 | +145% |
| Recurring financial income | 75 | €174 | €426 | +€252 | +145% |
| Financial charges | 65/66B | €1,131 | €1,193 | +€62 | +5.5% |
| Recurring financial charges | 65 | €1,131 | €1,193 | +€62 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,181 | €2,689 | +€5,870 | |
| Profit (loss) for the period | 9904 | -€3,181 | €2,689 | +€5,870 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,181 | €2,689 | +€5,870 |
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 18 October 2026 via checked.be.