WATERDROOM: 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.
WATERDROOM
Largest movements
- Cash -€39,308
down €39,308 (-78.1%), from €50,303 to €10,995
mainly Trade debts (-€38,293) and Debts after one year (-€9,868)
- Tangible fixed assets -€6,743
down €6,743 (-10.3%), from €65,728 to €58,985
of which Furniture and vehicles: -€5,402
- Receivables within one year +€2,605
up €2,605 (+32.9%), from €7,907 to €10,513
of which Trade receivables: +€6,814
- Trade debts -€38,293
down €38,293 (-89.2%), from €42,914 to €4,620
- Debts after one year -€9,868
down €9,868 (-34.1%), from €28,962 to €19,094
- Tax, wage and social debts +€5,023
up €5,023, from €0 to €5,023
- Gross operating margin -€10,749
down €10,749 (-32.8%), from €32,812 to €22,062
- Depreciation +€6,953
up €6,953 (+104%), from €6,657 to €13,610
- Write-downs -€3,141
down €3,141 (-100%), from €3,141 to €0
- Other operating charges +€775
up €775 (+52.6%), from €1,474 to €2,248
- Financial charges +€654
up €654 (+31.3%), from €2,090 to €2,743
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 | €130,632 | €85,811 | -€44,821 | -34.3% |
| Fixed assets | 21/28 | €66,563 | €58,985 | -€7,578 | -11.4% |
| Tangible fixed assets | 22/27 | €65,728 | €58,985 | -€6,743 | -10.3% |
| Furniture and vehicles | 24 | €59,133 | €53,731 | -€5,402 | -9.1% |
| Other tangible fixed assets | 26 | €6,595 | €5,254 | -€1,341 | -20.3% |
| Financial fixed assets | 28 | €835 | €0 | -€835 | -100% |
| Current assets | 29/58 | €64,069 | €26,826 | -€37,243 | -58.1% |
| Stocks and contracts in progress | 3 | €4,150 | €4,112 | -€38 | -0.9% |
| Stocks | 30/36 | €4,150 | €4,112 | -€38 | -0.9% |
| Amounts receivable within one year | 40/41 | €7,907 | €10,513 | +€2,605 | +32.9% |
| Trade receivables | 40 | €738 | €7,552 | +€6,814 | +924% |
| Other amounts receivable | 41 | €7,170 | €2,961 | -€4,209 | -58.7% |
| Cash at bank and in hand | 54/58 | €50,303 | €10,995 | -€39,308 | -78.1% |
| Deferred charges and accrued income | 490/1 | €1,709 | €1,207 | -€502 | -29.4% |
| Total equity and liabilities | 10/49 | €130,632 | €85,811 | -€44,821 | -34.3% |
| Equity | 10/15 | €38,972 | €39,218 | +€245 | +0.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €23,972 | €24,218 | +€245 | +1.0% |
| Distributable reserves | 133 | €23,972 | €24,218 | +€245 | +1.0% |
| Amounts payable | 17/49 | €91,660 | €46,594 | -€45,066 | -49.2% |
| Amounts payable after more than one year | 17 | €28,962 | €19,094 | -€9,868 | -34.1% |
| Financial debts | 170/4 | €28,962 | €19,094 | -€9,868 | -34.1% |
| Amounts payable within one year | 42/48 | €62,698 | €27,499 | -€35,199 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €10,727 | €9,868 | -€859 | -8.0% |
| Financial debts | 43 | - | €399 | +€399 | |
| Credit institutions | 430/8 | - | €399 | +€399 | |
| Trade debts | 44 | €42,914 | €4,620 | -€38,293 | -89.2% |
| Suppliers | 440/4 | €42,914 | €4,620 | -€38,293 | -89.2% |
| Advances received on contracts in progress | 46 | €1,268 | €0 | -€1,268 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €5,023 | +€5,023 | |
| Taxes | 450/3 | €0 | €5,023 | +€5,023 | |
| Other amounts payable | 47/48 | €7,789 | €7,589 | -€200 | -2.6% |
| Non-recurring operating income | 76A | - | €7,014 | +€7,014 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,657 | €13,610 | +€6,953 | +104% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,141 | €0 | -€3,141 | -100% |
| Other operating charges | 640/8 | €1,474 | €2,248 | +€775 | +52.6% |
| Non-recurring operating charges | 66A | - | €3,204 | +€3,204 | |
| Gross operating margin | 9900 | €32,812 | €22,062 | -€10,749 | -32.8% |
| Operating profit (loss) | 9901 | €21,541 | €3,001 | -€18,540 | -86.1% |
| Financial income | 75/76B | €11 | €150 | +€139 | +1,260% |
| Recurring financial income | 75 | €11 | €150 | +€139 | +1,260% |
| Financial charges | 65/66B | €2,090 | €2,743 | +€654 | +31.3% |
| Recurring financial charges | 65 | €2,090 | €2,743 | +€654 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €19,462 | €408 | -€19,054 | -97.9% |
| Income taxes | 67/77 | €148 | €162 | +€14 | +9.3% |
| Profit (loss) for the period | 9904 | €19,314 | €245 | -€19,068 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,314 | €245 | -€19,068 | -98.7% |
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 18 October 2026 via checked.be.