Waterbelgium: what changed
Waterbelgium
Largest movements
- Receivables within one year +€69,969
up €69,969 (+76.0%), from €92,101 to €162,070
- Deferred charges and accrued income -€9,430
no longer reported in 2025 (was €9,430)
- Tangible fixed assets +€5,397
up €5,397 (+615%), from €877 to €6,274
of which Furniture and vehicles: +€4,219
- Cash +€5,207
up €5,207 (+20.3%), from €25,609 to €30,816
mainly Accrued charges and deferred income (+€66,697) and Trade debts (+€45,255)
- Accrued charges and deferred income +€66,697
new in 2025: €66,697
- Trade debts +€45,255
up €45,255 (+89.7%), from €50,426 to €95,680
- Other debts -€40,693
down €40,693 (-89.6%), from €45,431 to €4,738
- Profit (loss) carried forward -€3,393
down €3,393 (-11.1%), from €30,675 to €27,282
- Gross operating margin -€81,073
down €81,073, from €79,825 to -€1,248
- Taxes -€8,418
down €8,418 (-98.7%), from €8,531 to €114
- Financial income -€1,025
down €1,025 (-91.1%), from €1,125 to €100
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,788 | €213,419 | +€69,631 | +48.4% |
| Fixed assets | 21/28 | €16,648 | €20,533 | +€3,885 | +23.3% |
| Intangible fixed assets | 21 | €1,036 | €758 | -€278 | -26.8% |
| Tangible fixed assets | 22/27 | €877 | €6,274 | +€5,397 | +615% |
| Plant, machinery and equipment | 23 | €877 | €698 | -€179 | -20.4% |
| Furniture and vehicles | 24 | - | €4,219 | +€4,219 | |
| Other tangible fixed assets | 26 | - | €1,357 | +€1,357 | |
| Financial fixed assets | 28 | €14,734 | €13,500 | -€1,234 | -8.4% |
| Current assets | 29/58 | €127,140 | €192,886 | +€65,746 | +51.7% |
| Amounts receivable within one year | 40/41 | €92,101 | €162,070 | +€69,969 | +76.0% |
| Trade receivables | 40 | €92,101 | €162,070 | +€69,969 | +76.0% |
| Cash at bank and in hand | 54/58 | €25,609 | €30,816 | +€5,207 | +20.3% |
| Deferred charges and accrued income | 490/1 | €9,430 | - | -€9,430 | |
| Total equity and liabilities | 10/49 | €143,788 | €213,419 | +€69,631 | +48.4% |
| Equity | 10/15 | €36,675 | €33,282 | -€3,393 | -9.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,675 | €27,282 | -€3,393 | -11.1% |
| Amounts payable | 17/49 | €107,113 | €180,136 | +€73,023 | +68.2% |
| Amounts payable within one year | 42/48 | €107,113 | €113,439 | +€6,326 | +5.9% |
| Trade debts | 44 | €50,426 | €95,680 | +€45,255 | +89.7% |
| Suppliers | 440/4 | €50,426 | €95,680 | +€45,255 | +89.7% |
| Taxes, remuneration and social security | 45 | €11,256 | €13,020 | +€1,764 | +15.7% |
| Taxes | 450/3 | €11,256 | €13,020 | +€1,764 | +15.7% |
| Other amounts payable | 47/48 | €45,431 | €4,738 | -€40,693 | -89.6% |
| Accrued charges and deferred income | 492/3 | - | €66,697 | +€66,697 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €1,139 | +€768 | +207% |
| Other operating charges | 640/8 | €962 | €580 | -€382 | -39.7% |
| Gross operating margin | 9900 | €79,825 | -€1,248 | -€81,073 | |
| Operating profit (loss) | 9901 | €78,492 | -€2,967 | -€81,459 | |
| Financial income | 75/76B | €1,125 | €100 | -€1,025 | -91.1% |
| Recurring financial income | 75 | €1,125 | €100 | -€1,025 | -91.1% |
| Financial charges | 65/66B | €410 | €413 | +€2 | +0.5% |
| Recurring financial charges | 65 | €410 | €413 | +€2 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €79,207 | -€3,279 | -€82,486 | |
| Income taxes | 67/77 | €8,531 | €114 | -€8,418 | -98.7% |
| Profit (loss) for the period | 9904 | €70,675 | -€3,393 | -€74,068 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,675 | -€3,393 | -€74,068 |
Next steps
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.