Waterfront 99: what changed
Two fiscal 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.
Waterfront 99
Largest movements
- Tangible fixed assets -€25,020
down €25,020 (-4.0%), from €619,267 to €594,247
- Cash +€10,530
up €10,530 (+433.3%), from €2,430 to €12,960
- Profit (loss) carried forward -€16,677
down €16,677 (-29.9%), from €55,756 to €39,079
- Gross operating margin +€9,695
up €9,695, from -€2,354 to €7,342
- Other operating charges +€744
up €744 (+43.8%), from €1,699 to €2,443
- Depreciation +€188
up €188 (+1.3%), from €14,250 to €14,438
From the 2023 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €621,697 | €607,206 | -€14,491 | -2.3% |
| Fixed assets | 21/28 | €619,267 | €594,247 | -€25,020 | -4.0% |
| Tangible fixed assets | 22/27 | €619,267 | €594,247 | -€25,020 | -4.0% |
| Land and buildings | 22 | €619,267 | €594,247 | -€25,020 | -4.0% |
| Current assets | 29/58 | €2,430 | €12,960 | +€10,530 | +433.3% |
| Cash at bank and in hand | 54/58 | €2,430 | €12,960 | +€10,530 | +433.3% |
| Total equity and liabilities | 10/49 | €621,697 | €607,206 | -€14,491 | -2.3% |
| Equity | 10/15 | €621,697 | €605,020 | -€16,677 | -2.7% |
| Contributions | 10/11 | €19,588 | €19,588 | = | 0.0% |
| Reserves | 13 | €546,353 | €546,353 | = | 0.0% |
| Distributable reserves | 133 | €546,353 | €546,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,756 | €39,079 | -€16,677 | -29.9% |
| Amounts payable | 17/49 | - | €2,186 | +€2,186 | |
| Amounts payable within one year | 42/48 | - | €2,186 | +€2,186 | |
| Trade debts | 44 | - | €2,186 | +€2,186 | |
| Suppliers | 440/4 | - | €2,186 | +€2,186 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,250 | €14,438 | +€188 | +1.3% |
| Other operating charges | 640/8 | €1,699 | €2,443 | +€744 | +43.8% |
| Gross operating margin | 9900 | -€2,354 | €7,342 | +€9,695 | |
| Operating profit (loss) | 9901 | -€18,303 | -€9,540 | +€8,763 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,303 | -€9,540 | +€8,763 | +47.9% |
| Profit (loss) for the period | 9904 | -€18,303 | -€9,540 | +€8,763 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,303 | -€9,540 | +€8,763 | +47.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.