WATELIER: 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.
WATELIER
Largest movements
- Cash +€582
up €582 (+44.3%), from €1,314 to €1,897
mainly Other debts (+€1,395) and Trade debts (+€664)
- Receivables within one year -€539
down €539 (-88.3%), from €610 to €71
of which Trade receivables: -€552
- Deferred charges and accrued income -€101
down €101 (-18.3%), from €555 to €454
- Profit (loss) carried forward -€1,921
down €1,921 (-12.4%), from -€15,463 to -€17,384
- Other debts +€1,395
up €1,395 (+46.3%), from €3,014 to €4,409
- Trade debts +€664
up €664 (+36.6%), from €1,814 to €2,477
- Tax, wage and social debts -€195
down €195 (-62.8%), from €310 to €116
- Gross operating margin -€1,334
down €1,334 (-274.5%), from -€486 to -€1,820
- Other operating charges -€534
no longer reported in 2025 (was €534)
- Financial charges +€84
up €84 (+149.2%), from €57 to €141
of which Non-recurring financial charges: +€83
- Financial income +€40
new in 2025: €40
of which Financial income: +€40
- Depreciation -€28
no longer reported in 2025 (was €28)
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 | €2,479 | €2,421 | -€57 | -2.3% |
| Current assets | 29/58 | €2,479 | €2,421 | -€57 | -2.3% |
| Amounts receivable within one year | 40/41 | €610 | €71 | -€539 | -88.3% |
| Trade receivables | 40 | €552 | - | -€552 | |
| Other amounts receivable | 41 | €58 | €71 | +€13 | +23.0% |
| Cash at bank and in hand | 54/58 | €1,314 | €1,897 | +€582 | +44.3% |
| Deferred charges and accrued income | 490/1 | €555 | €454 | -€101 | -18.3% |
| Total equity and liabilities | 10/49 | €2,479 | €2,421 | -€57 | -2.3% |
| Equity | 10/15 | -€2,660 | -€4,581 | -€1,921 | -72.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €4,743 | €4,743 | = | 0.0% |
| Distributable reserves | 133 | €4,743 | €4,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,463 | -€17,384 | -€1,921 | -12.4% |
| Amounts payable | 17/49 | €5,138 | €7,002 | +€1,864 | +36.3% |
| Amounts payable within one year | 42/48 | €5,138 | €7,002 | +€1,864 | +36.3% |
| Trade debts | 44 | €1,814 | €2,477 | +€664 | +36.6% |
| Suppliers | 440/4 | €1,814 | €2,477 | +€664 | +36.6% |
| Taxes, remuneration and social security | 45 | €310 | €116 | -€195 | -62.8% |
| Taxes | 450/3 | €310 | €116 | -€195 | -62.8% |
| Other amounts payable | 47/48 | €3,014 | €4,409 | +€1,395 | +46.3% |
| Non-recurring operating income | 76A | €0 | €1,000 | +€999 | +713892.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28 | - | -€28 | |
| Other operating charges | 640/8 | €534 | - | -€534 | |
| Gross operating margin | 9900 | -€486 | -€1,820 | -€1,334 | -274.5% |
| Operating profit (loss) | 9901 | -€1,048 | -€1,820 | -€772 | -73.7% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Non-recurring financial income | 76B | - | €40 | +€40 | |
| Financial charges | 65/66B | €57 | €141 | +€84 | +149.2% |
| Recurring financial charges | 65 | €57 | €58 | +€1 | +2.4% |
| Non-recurring financial charges | 66B | - | €83 | +€83 | |
| Profit (loss) for the period before taxes | 9903 | -€1,105 | -€1,921 | -€816 | -73.9% |
| Profit (loss) for the period | 9904 | -€1,105 | -€1,921 | -€816 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,105 | -€1,921 | -€816 | -73.9% |
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 11 October 2026 via checked.be.