Watercrest: 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.
Watercrest
Largest movements
- Deferred charges and accrued income +€551,506
up €551,506 (+6.2%), from €9.0m to €9.5m
- Financial fixed assets -€491,008
down €491,008 (-3.0%), from €16.2m to €15.7m
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€5,766
down €5,766 (-36.3%), from -€15,884 to -€21,651
- Financial charges -€4,865
down €4,865 (-2.0%), from €246,880 to €242,015
- Financial income +€899
up €899 (+0.3%), from €274,463 to €275,363
- Depreciation +€802
new in 2024: €802
- Taxes -€236
down €236 (-7.6%), from €3,120 to €2,883
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,160,938 | €25,228,588 | +€67,651 | +0.3% |
| Formation expenses | 20 | €4,010 | €3,208 | -€802 | -20.0% |
| Fixed assets | 21/28 | €16,197,808 | €15,706,800 | -€491,008 | -3.0% |
| Financial fixed assets | 28 | €16,197,808 | €15,706,800 | -€491,008 | -3.0% |
| Current assets | 29/58 | €8,959,120 | €9,518,581 | +€559,461 | +6.2% |
| Cash at bank and in hand | 54/58 | €173 | €8,128 | +€7,955 | +4,593% |
| Deferred charges and accrued income | 490/1 | €8,958,947 | €9,510,453 | +€551,506 | +6.2% |
| Total equity and liabilities | 10/49 | €25,160,938 | €25,228,588 | +€67,651 | +0.3% |
| Equity | 10/15 | €24,097,820 | €24,105,518 | +€7,697 | 0.0% |
| Contributions | 10/11 | €19,195,500 | €19,195,500 | = | 0.0% |
| Capital | 10 | €19,195,500 | €19,195,500 | = | 0.0% |
| Issued capital | 100 | €19,195,500 | €19,195,500 | = | 0.0% |
| Reserves | 13 | €261,111 | €261,496 | +€385 | +0.1% |
| Non-distributable reserves | 130/1 | €261,111 | €261,496 | +€385 | +0.1% |
| Legal reserve | 130 | €261,111 | €261,496 | +€385 | +0.1% |
| Profit (loss) carried forward | 14 | €4,641,209 | €4,648,522 | +€7,312 | +0.2% |
| Amounts payable | 17/49 | €1,063,117 | €1,123,071 | +€59,953 | +5.6% |
| Amounts payable within one year | 42/48 | €1,063,117 | €1,123,071 | +€59,953 | +5.6% |
| Trade debts | 44 | €1,400 | €1,210 | -€190 | -13.6% |
| Suppliers | 440/4 | €1,400 | €1,210 | -€190 | -13.6% |
| Taxes, remuneration and social security | 45 | €6,581 | €2,883 | -€3,698 | -56.2% |
| Taxes | 450/3 | €6,581 | €2,883 | -€3,698 | -56.2% |
| Other amounts payable | 47/48 | €1,055,136 | €1,118,977 | +€63,841 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €802 | +€802 | |
| Other operating charges | 640/8 | €173 | €315 | +€142 | +82.4% |
| Gross operating margin | 9900 | -€15,884 | -€21,651 | -€5,766 | -36.3% |
| Operating profit (loss) | 9901 | -€16,057 | -€22,767 | -€6,711 | -41.8% |
| Financial income | 75/76B | €274,463 | €275,363 | +€899 | +0.3% |
| Recurring financial income | 75 | €274,463 | €275,363 | +€899 | +0.3% |
| Financial charges | 65/66B | €246,880 | €242,015 | -€4,865 | -2.0% |
| Recurring financial charges | 65 | €246,880 | €242,015 | -€4,865 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €11,527 | €10,581 | -€946 | -8.2% |
| Income taxes | 67/77 | €3,120 | €2,883 | -€236 | -7.6% |
| Profit (loss) for the period | 9904 | €8,407 | €7,697 | -€710 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,407 | €7,697 | -€710 | -8.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.