WATERACKER: what changed
What changed
WATERACKER
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€12,461
2024 · €13,456-€995
Equity
€98,717
2024 · €86,256+€12,461
Cash
€2,984
2024 · €896+€2,088
Balance sheet total
€230,173
2024 · €237,282-€7,109
Largest movements
Assets
- Tangible fixed assets -€13,449
down €13,449 (-5.7%), from €234,685 to €221,237
- Receivables within one year +€4,251
up €4,251 (+250%), from €1,700 to €5,952
of which Trade receivables: +€3,013
Equity and liabilities
- Other debts -€21,254
down €21,254 (-14.9%), from €142,502 to €121,248
- Reserves +€12,461
up €12,461 (+19.1%), from €65,079 to €77,541
- Trade debts +€2,950
up €2,950 (+479%), from €616 to €3,567
Income statement
- Gross operating margin -€1,631
down €1,631 (-4.4%), from €37,297 to €35,665
- Taxes -€580
down €580 (-9.1%), from €6,395 to €5,815
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
€13,456
Gross operating margin
-€1,631
Other operating charges
+€41
Financial income
+€50
Financial charges
-€35
Taxes
+€580
Result 2025
€12,461
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
+€2,954
Investment
€0
Financing
-€865
Cash 2024
€896
From operations (derived)
+€2,954
Net result for the year
+€12,461
Depreciation
+€13,449
Receivables within one year
-€4,251
Trade debts
+€2,950
Tax, wage and social debts
-€401
Other debts
-€21,254
Financing
-€865
Short-term financial debts
-€865
Cash 2025
€2,984
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,282 | €230,173 | -€7,109 | -3.0% |
| Fixed assets | 21/28 | €234,685 | €221,237 | -€13,449 | -5.7% |
| Tangible fixed assets | 22/27 | €234,685 | €221,237 | -€13,449 | -5.7% |
| Land and buildings | 22 | €234,685 | €221,237 | -€13,449 | -5.7% |
| Current assets | 29/58 | €2,596 | €8,936 | +€6,340 | +244% |
| Amounts receivable within one year | 40/41 | €1,700 | €5,952 | +€4,251 | +250% |
| Trade receivables | 40 | €978 | €3,991 | +€3,013 | +308% |
| Other amounts receivable | 41 | €722 | €1,960 | +€1,238 | +171% |
| Cash at bank and in hand | 54/58 | €896 | €2,984 | +€2,088 | +233% |
| Total equity and liabilities | 10/49 | €237,282 | €230,173 | -€7,109 | -3.0% |
| Equity | 10/15 | €86,256 | €98,717 | +€12,461 | +14.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €65,079 | €77,541 | +€12,461 | +19.1% |
| Distributable reserves | 133 | €65,079 | €77,541 | +€12,461 | +19.1% |
| Profit (loss) carried forward | 14 | €1,177 | €1,177 | = | 0.0% |
| Amounts payable | 17/49 | €151,026 | €131,455 | -€19,570 | -13.0% |
| Amounts payable within one year | 42/48 | €151,026 | €131,455 | -€19,570 | -13.0% |
| Financial debts | 43 | €4,365 | €3,500 | -€865 | -19.8% |
| Credit institutions | 430/8 | €4,365 | €3,500 | -€865 | -19.8% |
| Trade debts | 44 | €616 | €3,567 | +€2,950 | +479% |
| Suppliers | 440/4 | €616 | €3,567 | +€2,950 | +479% |
| Taxes, remuneration and social security | 45 | €3,542 | €3,141 | -€401 | -11.3% |
| Taxes | 450/3 | €3,542 | €3,141 | -€401 | -11.3% |
| Other amounts payable | 47/48 | €142,502 | €121,248 | -€21,254 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,449 | €13,449 | = | 0.0% |
| Other operating charges | 640/8 | €3,668 | €3,627 | -€41 | -1.1% |
| Gross operating margin | 9900 | €37,297 | €35,665 | -€1,631 | -4.4% |
| Operating profit (loss) | 9901 | €20,180 | €18,590 | -€1,590 | -7.9% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €329 | €363 | +€35 | +10.6% |
| Recurring financial charges | 65 | €329 | €363 | +€35 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €19,851 | €18,277 | -€1,575 | -7.9% |
| Income taxes | 67/77 | €6,395 | €5,815 | -€580 | -9.1% |
| Profit (loss) for the period | 9904 | €13,456 | €12,461 | -€995 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,456 | €12,461 | -€995 | -7.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.