WATER SOLUTION: 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 SOLUTION
Largest movements
- Receivables within one year -€44,017
down €44,017 (-64.3%), from €68,474 to €24,457
of which Trade receivables: -€38,252
- Stocks and contracts +€23,584
up €23,584 (+198%), from €11,886 to €35,470
- Deferred charges and accrued income +€1,014
up €1,014 (+61.3%), from €1,655 to €2,669
- Trade debts -€39,919
down €39,919 (-96.7%), from €41,302 to €1,383
- Current portion of long-term debt +€20,000
up €20,000 (+200%), from €10,000 to €30,000
- Profit (loss) carried forward +€10,111
up €10,111 (+855%), from €1,183 to €11,294
- Other debts -€5,457
down €5,457 (-58.9%), from €9,266 to €3,809
- Tax, wage and social debts -€4,490
down €4,490 (-26.8%), from €16,741 to €12,251
of which Taxes: -€3,176
- Purchases and services -€352,525
down €352,525 (-100.0%), from €352,694 to €169
- Turnover -€127,555
down €127,555 (-31.6%), from €404,028 to €276,473
- Staff costs -€40,986
down €40,986 (-75.1%), from €54,588 to €13,602
- Gross operating margin -€18,199
down €18,199 (-35.5%), from €51,334 to €33,135
- Taxes +€4,277
new in 2024: €4,277
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,408 | €79,144 | -€20,264 | -20.4% |
| Fixed assets | 21/28 | €4,044 | €3,103 | -€941 | -23.3% |
| Tangible fixed assets | 22/27 | €4,044 | €3,103 | -€941 | -23.3% |
| Land and buildings | 22 | €2,406 | €2,094 | -€312 | -13.0% |
| Furniture and vehicles | 24 | €1,638 | €1,009 | -€629 | -38.4% |
| Current assets | 29/58 | €95,364 | €76,041 | -€19,323 | -20.3% |
| Stocks and contracts in progress | 3 | €11,886 | €35,470 | +€23,584 | +198% |
| Stocks | 30/36 | €11,886 | €35,470 | +€23,584 | +198% |
| Amounts receivable within one year | 40/41 | €68,474 | €24,457 | -€44,017 | -64.3% |
| Trade receivables | 40 | €55,885 | €17,633 | -€38,252 | -68.4% |
| Other amounts receivable | 41 | €12,589 | €6,824 | -€5,765 | -45.8% |
| Cash at bank and in hand | 54/58 | €13,349 | €13,445 | +€96 | +0.7% |
| Deferred charges and accrued income | 490/1 | €1,655 | €2,669 | +€1,014 | +61.3% |
| Total equity and liabilities | 10/49 | €99,408 | €79,144 | -€20,264 | -20.4% |
| Equity | 10/15 | €21,590 | €31,701 | +€10,111 | +46.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,807 | €1,807 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,807 | €1,807 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,807 | €1,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,183 | €11,294 | +€10,111 | +855% |
| Amounts payable | 17/49 | €77,818 | €47,443 | -€30,375 | -39.0% |
| Amounts payable within one year | 42/48 | €77,818 | €47,443 | -€30,375 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €30,000 | +€20,000 | +200% |
| Financial debts | 43 | €509 | - | -€509 | |
| Credit institutions | 430/8 | €509 | - | -€509 | |
| Trade debts | 44 | €41,302 | €1,383 | -€39,919 | -96.7% |
| Suppliers | 440/4 | €41,302 | €1,383 | -€39,919 | -96.7% |
| Taxes, remuneration and social security | 45 | €16,741 | €12,251 | -€4,490 | -26.8% |
| Taxes | 450/3 | €6,946 | €3,770 | -€3,176 | -45.7% |
| Remuneration and social security | 454/9 | €9,795 | €8,481 | -€1,314 | -13.4% |
| Other amounts payable | 47/48 | €9,266 | €3,809 | -€5,457 | -58.9% |
| Turnover | 70 | €404,028 | €276,473 | -€127,555 | -31.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €352,694 | €169 | -€352,525 | -100.0% |
| Remuneration, social security and pensions | 62 | €54,588 | €13,602 | -€40,986 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,135 | €941 | -€194 | -17.1% |
| Other operating charges | 640/8 | €1,126 | €1,255 | +€129 | +11.5% |
| Gross operating margin | 9900 | €51,334 | €33,135 | -€18,199 | -35.5% |
| Operating profit (loss) | 9901 | -€5,515 | €17,337 | +€22,852 | |
| Financial income | 75/76B | €240 | €169 | -€71 | -29.6% |
| Recurring financial income | 75 | €240 | €169 | -€71 | -29.6% |
| Financial charges | 65/66B | €944 | €3,118 | +€2,174 | +230% |
| Recurring financial charges | 65 | €944 | €3,118 | +€2,174 | +230% |
| Profit (loss) for the period before taxes | 9903 | -€6,219 | €14,388 | +€20,607 | |
| Income taxes | 67/77 | - | €4,277 | +€4,277 | |
| Profit (loss) for the period | 9904 | -€6,219 | €10,111 | +€16,330 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,219 | €10,111 | +€16,330 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.