Water Technics: what changed
What changed
Water Technics
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€37,991
2024 · €40,423-€2,432
Equity
€305,884
2024 · €267,893+€37,991
Cash
€118,522
2024 · €156,813-€38,291
Balance sheet total
€694,638
2024 · €841,984-€147,345
Largest movements
Assets
- Receivables within one year -€75,335
down €75,335 (-55.0%), from €136,982 to €61,648
of which Trade receivables: -€73,937
- Tangible fixed assets -€39,207
down €39,207 (-30.6%), from €128,172 to €88,965
- Cash -€38,291
down €38,291 (-24.4%), from €156,813 to €118,522
mainly Trade debts (-€121,632) and Debts after one year (-€33,802)
- Stocks and contracts +€9,235
up €9,235 (+2.3%), from €395,485 to €404,720
Equity and liabilities
- Trade debts -€121,632
down €121,632 (-67.0%), from €181,441 to €59,809
- Reserves +€37,991
up €37,991 (+15.2%), from €249,293 to €287,284
of which Distributable reserves: +€39,851
- Debts after one year -€33,802
down €33,802 (-51.8%), from €65,229 to €31,427
- Current portion of long-term debt -€22,463
down €22,463 (-37.0%), from €60,657 to €38,194
- Advances received -€10,496
down €10,496 (-100%), from €10,496 to €0
Income statement
- Staff costs -€25,242
down €25,242 (-7.7%), from €328,879 to €303,638
- Gross operating margin -€17,142
down €17,142 (-3.9%), from €444,307 to €427,165
- Financial charges +€6,214
up €6,214 (+48.1%), from €12,920 to €19,134
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€40,423
Gross operating margin
-€17,142
Staff costs
+€25,242
Depreciation
-€1,075
Write-downs
-€985
Other operating charges
+€2,113
Financial income
-€57
Financial charges
-€6,214
Taxes
-€4,314
Result 2025
€37,991
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€14,115
Investment
+€3,156
Financing
-€55,561
Cash 2024
€156,813
From operations (derived)
+€14,115
Net result for the year
+€37,991
Depreciation
+€41,061
Stocks and contracts
-€9,235
Receivables within one year
+€75,335
Deferred charges and accrued income
-€1,262
Trade debts
-€121,632
Tax, wage and social debts
+€1,070
Advances received
-€10,496
Other debts
+€1,283
Investment (derived)
+€3,156
Investment in fixed assets (net)
+€3,156
Financing
-€55,561
Debts after one year
-€33,802
Current portion of long-term debt
-€22,463
Short-term financial debts
+€704
Cash 2025
€118,522
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €841,984 | €694,638 | -€147,345 | -17.5% |
| Fixed assets | 21/28 | €143,682 | €99,465 | -€44,217 | -30.8% |
| Tangible fixed assets | 22/27 | €128,172 | €88,965 | -€39,207 | -30.6% |
| Land and buildings | 22 | €49,863 | €38,698 | -€11,165 | -22.4% |
| Plant, machinery and equipment | 23 | €43,815 | €29,173 | -€14,642 | -33.4% |
| Furniture and vehicles | 24 | €34,494 | €21,095 | -€13,400 | -38.8% |
| Financial fixed assets | 28 | €15,510 | €10,500 | -€5,010 | -32.3% |
| Current assets | 29/58 | €698,302 | €595,173 | -€103,129 | -14.8% |
| Stocks and contracts in progress | 3 | €395,485 | €404,720 | +€9,235 | +2.3% |
| Stocks | 30/36 | €395,485 | €404,720 | +€9,235 | +2.3% |
| Amounts receivable within one year | 40/41 | €136,982 | €61,648 | -€75,335 | -55.0% |
| Trade receivables | 40 | €133,558 | €59,621 | -€73,937 | -55.4% |
| Other amounts receivable | 41 | €3,424 | €2,026 | -€1,398 | -40.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €156,813 | €118,522 | -€38,291 | -24.4% |
| Deferred charges and accrued income | 490/1 | €9,022 | €10,284 | +€1,262 | +14.0% |
| Total equity and liabilities | 10/49 | €841,984 | €694,638 | -€147,345 | -17.5% |
| Equity | 10/15 | €267,893 | €305,884 | +€37,991 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €249,293 | €287,284 | +€37,991 | +15.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €247,433 | €287,284 | +€39,851 | +16.1% |
| Amounts payable | 17/49 | €574,090 | €388,754 | -€185,336 | -32.3% |
| Amounts payable after more than one year | 17 | €65,229 | €31,427 | -€33,802 | -51.8% |
| Financial debts | 170/4 | €65,229 | €31,427 | -€33,802 | -51.8% |
| Amounts payable within one year | 42/48 | €508,861 | €357,327 | -€151,535 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €60,657 | €38,194 | -€22,463 | -37.0% |
| Financial debts | 43 | €154,400 | €155,103 | +€704 | +0.5% |
| Credit institutions | 430/8 | €154,400 | €155,103 | +€704 | +0.5% |
| Trade debts | 44 | €181,441 | €59,809 | -€121,632 | -67.0% |
| Suppliers | 440/4 | €181,441 | €59,809 | -€121,632 | -67.0% |
| Advances received on contracts in progress | 46 | €10,496 | €0 | -€10,496 | -100% |
| Taxes, remuneration and social security | 45 | €47,459 | €48,529 | +€1,070 | +2.3% |
| Taxes | 450/3 | €16,819 | €10,734 | -€6,086 | -36.2% |
| Remuneration and social security | 454/9 | €30,639 | €37,795 | +€7,156 | +23.4% |
| Other amounts payable | 47/48 | €54,409 | €55,692 | +€1,283 | +2.4% |
| Remuneration, social security and pensions | 62 | €328,879 | €303,638 | -€25,242 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,987 | €41,061 | +€1,075 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €985 | +€985 | |
| Other operating charges | 640/8 | €5,119 | €3,006 | -€2,113 | -41.3% |
| Gross operating margin | 9900 | €444,307 | €427,165 | -€17,142 | -3.9% |
| Operating profit (loss) | 9901 | €70,322 | €78,475 | +€8,153 | +11.6% |
| Financial income | 75/76B | €57 | - | -€57 | |
| Recurring financial income | 75 | €57 | - | -€57 | |
| Financial charges | 65/66B | €12,920 | €19,134 | +€6,214 | +48.1% |
| Recurring financial charges | 65 | €12,920 | €19,134 | +€6,214 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €57,459 | €59,342 | +€1,882 | +3.3% |
| Income taxes | 67/77 | €17,036 | €21,351 | +€4,314 | +25.3% |
| Profit (loss) for the period | 9904 | €40,423 | €37,991 | -€2,432 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,423 | €37,991 | -€2,432 | -6.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.