WATER@WORK: 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@WORK
Largest movements
- Tangible fixed assets +€35,464
up €35,464 (+23000.3%), from €154 to €35,618
- Current investments -€18,313
no longer reported in 2025 (was €18,313)
- Cash -€8,699
down €8,699 (-31.7%), from €27,401 to €18,703
mainly Investment in fixed assets (net) (-€44,130) and Tax, wage and social debts (-€3,375)
- Receivables within one year +€1,270
up €1,270 (+7.6%), from €16,612 to €17,883
of which Other amounts receivable: +€1,626
- Deferred charges and accrued income -€1,084
down €1,084 (-75.2%), from €1,441 to €357
- Profit (loss) carried forward +€7,329
up €7,329 (+73.9%), from -€9,916 to -€2,588
- Other debts +€5,025
new in 2025: €5,025
- Tax, wage and social debts -€3,375
down €3,375 (-75.6%), from €4,464 to €1,089
of which Taxes: -€3,398
- Gross operating margin +€24,965
up €24,965, from -€7,394 to €17,570
- Depreciation +€8,271
up €8,271 (+2093.7%), from €395 to €8,666
- Other operating charges -€1,718
no longer reported in 2025 (was €1,718)
- Taxes +€1,180
up €1,180 (+346.1%), from €341 to €1,520
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 | €63,921 | €72,560 | +€8,639 | +13.5% |
| Fixed assets | 21/28 | €154 | €35,618 | +€35,464 | +23000.3% |
| Tangible fixed assets | 22/27 | €154 | €35,618 | +€35,464 | +23000.3% |
| Furniture and vehicles | 24 | €154 | €35,618 | +€35,464 | +23000.3% |
| Current assets | 29/58 | €63,767 | €36,942 | -€26,825 | -42.1% |
| Amounts receivable within one year | 40/41 | €16,612 | €17,883 | +€1,270 | +7.6% |
| Trade receivables | 40 | €5,676 | €5,320 | -€356 | -6.3% |
| Other amounts receivable | 41 | €10,937 | €12,563 | +€1,626 | +14.9% |
| Current investments | 50/53 | €18,313 | - | -€18,313 | |
| Cash at bank and in hand | 54/58 | €27,401 | €18,703 | -€8,699 | -31.7% |
| Deferred charges and accrued income | 490/1 | €1,441 | €357 | -€1,084 | -75.2% |
| Total equity and liabilities | 10/49 | €63,921 | €72,560 | +€8,639 | +13.5% |
| Equity | 10/15 | €54,758 | €62,087 | +€7,329 | +13.4% |
| Contributions | 10/11 | €41,200 | €41,200 | = | 0.0% |
| Reserves | 13 | €23,475 | €23,475 | = | 0.0% |
| Distributable reserves | 133 | €23,475 | €23,475 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,916 | -€2,588 | +€7,329 | +73.9% |
| Amounts payable | 17/49 | €9,163 | €10,473 | +€1,311 | +14.3% |
| Amounts payable within one year | 42/48 | €9,163 | €10,473 | +€1,311 | +14.3% |
| Trade debts | 44 | €4,699 | €4,359 | -€339 | -7.2% |
| Suppliers | 440/4 | €4,699 | €4,359 | -€339 | -7.2% |
| Taxes, remuneration and social security | 45 | €4,464 | €1,089 | -€3,375 | -75.6% |
| Taxes | 450/3 | €4,464 | €1,066 | -€3,398 | -76.1% |
| Remuneration and social security | 454/9 | - | €23 | +€23 | |
| Other amounts payable | 47/48 | - | €5,025 | +€5,025 | |
| Non-recurring operating income | 76A | - | €9,151 | +€9,151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395 | €8,666 | +€8,271 | +2093.7% |
| Other operating charges | 640/8 | €1,718 | - | -€1,718 | |
| Gross operating margin | 9900 | -€7,394 | €17,570 | +€24,965 | |
| Operating profit (loss) | 9901 | -€9,507 | €8,905 | +€18,412 | |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €91 | €55 | -€35 | -39.0% |
| Recurring financial charges | 65 | €91 | €55 | -€35 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,576 | €8,849 | +€18,425 | |
| Income taxes | 67/77 | €341 | €1,520 | +€1,180 | +346.1% |
| Profit (loss) for the period | 9904 | -€9,916 | €7,329 | +€17,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,916 | €7,329 | +€17,245 |
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 12 October 2026 via checked.be.