WATER GARDEN: 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.
WATER GARDEN
Largest movements
- Cash +€62,351
up €62,351 (+1,088%), from €5,731 to €68,081
mainly Other debts (+€50,836) and Depreciation (+€21,404)
- Receivables within one year +€25,553
up €25,553 (+115%), from €22,259 to €47,813
of which Trade receivables: +€20,631
- Tangible fixed assets -€21,404
down €21,404 (-33.7%), from €63,449 to €42,045
of which Furniture and vehicles: -€17,974
- Deferred charges and accrued income -€9,617
down €9,617 (-82.5%), from €11,651 to €2,034
- Other debts +€50,836
new in 2025: €50,836
- Profit (loss) carried forward +€10,810
up €10,810 (+37.3%), from €29,016 to €39,826
- Debts after one year -€7,342
down €7,342 (-59.1%), from €12,415 to €5,073
- Tax, wage and social debts +€2,745
up €2,745 (+604%), from €454 to €3,200
of which Remuneration and social security: +€2,745
- Gross operating margin +€68,470
up €68,470 (+387%), from €17,706 to €86,175
- Taxes -€43,872
down €43,872, from €22,539 to -€21,333
- Financial charges +€24,192
up €24,192 (+53.2%), from €45,447 to €69,639
- Financial income -€9,395
down €9,395 (-99.9%), from €9,403 to €8
- Other operating charges +€4,536
up €4,536 (+402%), from €1,127 to €5,663
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 | €103,091 | €159,973 | +€56,882 | +55.2% |
| Fixed assets | 21/28 | €63,449 | €42,045 | -€21,404 | -33.7% |
| Tangible fixed assets | 22/27 | €63,449 | €42,045 | -€21,404 | -33.7% |
| Land and buildings | 22 | €11,785 | €8,355 | -€3,430 | -29.1% |
| Furniture and vehicles | 24 | €51,664 | €33,690 | -€17,974 | -34.8% |
| Current assets | 29/58 | €39,641 | €117,928 | +€78,287 | +197% |
| Amounts receivable within one year | 40/41 | €22,259 | €47,813 | +€25,553 | +115% |
| Trade receivables | 40 | €4,649 | €25,280 | +€20,631 | +444% |
| Other amounts receivable | 41 | €17,610 | €22,533 | +€4,923 | +28.0% |
| Cash at bank and in hand | 54/58 | €5,731 | €68,081 | +€62,351 | +1,088% |
| Deferred charges and accrued income | 490/1 | €11,651 | €2,034 | -€9,617 | -82.5% |
| Total equity and liabilities | 10/49 | €103,091 | €159,973 | +€56,882 | +55.2% |
| Equity | 10/15 | €76,116 | €86,926 | +€10,810 | +14.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,100 | €42,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,016 | €39,826 | +€10,810 | +37.3% |
| Amounts payable | 17/49 | €26,975 | €73,047 | +€46,072 | +171% |
| Amounts payable after more than one year | 17 | €12,415 | €5,073 | -€7,342 | -59.1% |
| Financial debts | 170/4 | €12,415 | €5,073 | -€7,342 | -59.1% |
| Amounts payable within one year | 42/48 | €14,560 | €67,974 | +€53,414 | +367% |
| Current portion of amounts payable after more than one year | 42 | €10,802 | €9,872 | -€930 | -8.6% |
| Trade debts | 44 | €3,304 | €4,066 | +€763 | +23.1% |
| Suppliers | 440/4 | €3,304 | €4,066 | +€763 | +23.1% |
| Taxes, remuneration and social security | 45 | €454 | €3,200 | +€2,745 | +604% |
| Taxes | 450/3 | €454 | €454 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €2,745 | +€2,745 | |
| Other amounts payable | 47/48 | - | €50,836 | +€50,836 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,119 | €21,404 | +€285 | +1.3% |
| Other operating charges | 640/8 | €1,127 | €5,663 | +€4,536 | +402% |
| Gross operating margin | 9900 | €17,706 | €86,175 | +€68,470 | +387% |
| Operating profit (loss) | 9901 | -€4,541 | €59,108 | +€63,649 | |
| Financial income | 75/76B | €9,403 | €8 | -€9,395 | -99.9% |
| Recurring financial income | 75 | €9,403 | €8 | -€9,395 | -99.9% |
| Financial charges | 65/66B | €45,447 | €69,639 | +€24,192 | +53.2% |
| Recurring financial charges | 65 | €45,447 | €69,639 | +€24,192 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,585 | -€10,523 | +€30,062 | +74.1% |
| Income taxes | 67/77 | €22,539 | -€21,333 | -€43,872 | |
| Profit (loss) for the period | 9904 | -€63,123 | €10,810 | +€73,934 | |
| Profit (loss) for the period to be appropriated | 9905 | -€63,123 | €10,810 | +€73,934 |
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 31 October 2026 via checked.be.