WATERCHAUFF: 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.
WATERCHAUFF
Largest movements
- Tangible fixed assets +€11,061
up €11,061 (+87.1%), from €12,695 to €23,756
- Cash -€8,942
down €8,942 (-34.9%), from €25,619 to €16,677
mainly Contributions, distributions and other (-€42,999) and Investment in fixed assets (net) (-€14,485)
- Receivables within one year -€3,438
down €3,438 (-25.3%), from €13,572 to €10,134
of which Other amounts receivable: -€3,699
- Stocks and contracts +€870
up €870 (+60.0%), from €1,450 to €2,320
- Profit (loss) carried forward -€37,749
down €37,749 (-89.9%), from €41,982 to €4,233
- Other debts +€36,607
up €36,607 (+4,400%), from €832 to €37,439
- Tax, wage and social debts +€3,135
up €3,135 (+51.6%), from €6,079 to €9,214
- Trade debts -€2,381
down €2,381 (-82.2%), from €2,895 to €514
- Gross operating margin -€19,775
down €19,775 (-54.8%), from €36,106 to €16,331
- Taxes -€3,866
down €3,866 (-63.6%), from €6,079 to €2,213
- Other operating charges +€2,576
up €2,576 (+118%), from €2,191 to €4,767
- Depreciation -€2,306
down €2,306 (-40.3%), from €5,730 to €3,424
- Financial charges -€652
down €652 (-65.9%), from €989 to €337
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.
Derived cash bridge
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 | €54,788 | €54,401 | -€387 | -0.7% |
| Fixed assets | 21/28 | €12,695 | €23,756 | +€11,061 | +87.1% |
| Tangible fixed assets | 22/27 | €12,695 | €23,756 | +€11,061 | +87.1% |
| Furniture and vehicles | 24 | €12,695 | €23,756 | +€11,061 | +87.1% |
| Current assets | 29/58 | €42,093 | €30,644 | -€11,449 | -27.2% |
| Stocks and contracts in progress | 3 | €1,450 | €2,320 | +€870 | +60.0% |
| Stocks | 30/36 | €1,450 | €2,320 | +€870 | +60.0% |
| Amounts receivable within one year | 40/41 | €13,572 | €10,134 | -€3,438 | -25.3% |
| Trade receivables | 40 | €9,873 | €10,134 | +€261 | +2.6% |
| Other amounts receivable | 41 | €3,699 | - | -€3,699 | |
| Cash at bank and in hand | 54/58 | €25,619 | €16,677 | -€8,942 | -34.9% |
| Deferred charges and accrued income | 490/1 | €1,452 | €1,513 | +€61 | +4.2% |
| Total equity and liabilities | 10/49 | €54,788 | €54,401 | -€387 | -0.7% |
| Equity | 10/15 | €44,982 | €7,233 | -€37,749 | -83.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,982 | €4,233 | -€37,749 | -89.9% |
| Amounts payable | 17/49 | €9,806 | €47,167 | +€37,361 | +381% |
| Amounts payable within one year | 42/48 | €9,806 | €47,167 | +€37,361 | +381% |
| Trade debts | 44 | €2,895 | €514 | -€2,381 | -82.2% |
| Suppliers | 440/4 | €2,895 | €514 | -€2,381 | -82.2% |
| Taxes, remuneration and social security | 45 | €6,079 | €9,214 | +€3,135 | +51.6% |
| Taxes | 450/3 | €6,079 | €9,214 | +€3,135 | +51.6% |
| Other amounts payable | 47/48 | €832 | €37,439 | +€36,607 | +4,400% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,730 | €3,424 | -€2,306 | -40.3% |
| Other operating charges | 640/8 | €2,191 | €4,767 | +€2,576 | +118% |
| Non-recurring operating charges | 66A | - | €423 | +€423 | |
| Gross operating margin | 9900 | €36,106 | €16,331 | -€19,775 | -54.8% |
| Operating profit (loss) | 9901 | €28,185 | €7,717 | -€20,468 | -72.6% |
| Financial income | 75/76B | €166 | €84 | -€82 | -49.6% |
| Recurring financial income | 75 | €166 | €84 | -€82 | -49.6% |
| Financial charges | 65/66B | €989 | €337 | -€652 | -65.9% |
| Recurring financial charges | 65 | €989 | €337 | -€652 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | €27,362 | €7,464 | -€19,898 | -72.7% |
| Income taxes | 67/77 | €6,079 | €2,213 | -€3,866 | -63.6% |
| Profit (loss) for the period | 9904 | €21,283 | €5,251 | -€16,032 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,283 | €5,251 | -€16,032 | -75.3% |
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 31 October 2026 via checked.be.