WATERGENIUS: what changed
What changed
WATERGENIUS
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.8m-€339,050
Equity
€2.3m
2024 · €2.2m+€26,467
Cash
€1.9m
2024 · €2.7m-€833,173
Balance sheet total
€5.2m
2024 · €5.9m-€640,750
Largest movements
Assets
- Cash -€833,173
down €833,173 (-31.0%), from €2.7m to €1.9m
mainly Contributions, distributions and other (-€1.4m) and Investment in fixed assets (net) (-€608,316)
- Stocks and contracts -€193,447
down €193,447 (-12.0%), from €1.6m to €1.4m
- Tangible fixed assets +€183,115
up €183,115 (+27.6%), from €663,988 to €847,103
of which Furniture and vehicles: +€154,082
- Intangible fixed assets +€157,643
up €157,643, from €0 to €157,643
Equity and liabilities
- Other debts -€600,000
down €600,000 (-30.0%), from €2.0m to €1.4m
- Debts after one year -€156,351
down €156,351 (-43.4%), from €360,356 to €204,005
- Trade debts +€73,148
up €73,148 (+13.3%), from €550,623 to €623,770
- Short-term financial debts -€71,873
down €71,873 (-100%), from €71,873 to €0
- Accrued charges and deferred income +€60,115
up €60,115 (+86.3%), from €69,693 to €129,808
Income statement
- Gross operating margin -€1.4m
down €1.4m (-20.5%), from €6.6m to €5.3m
- Staff costs -€905,776
down €905,776 (-24.1%), from €3.8m to €2.8m
- Write-downs +€134,575
up €134,575 (+21,497%), from €626 to €135,201
- Taxes -€110,173
down €110,173 (-17.7%), from €622,904 to €512,731
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.
Result 2024
€1.8m
Gross operating margin
-€1.4m
Staff costs
+€905,776
Depreciation
+€10,715
Write-downs
-€134,575
Other operating charges
+€8,501
Other operating items
+€77,808
Financial income
-€3,410
Financial charges
+€47,975
Taxes
+€110,173
Result 2025
€1.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€608,316
Financing
-€1.7m
Cash 2024
€2.7m
From operations (derived)
+€1.4m
Net result for the year
+€1.4m
Depreciation
+€265,836
Stocks and contracts
+€193,447
Receivables within one year
-€53,228
Deferred charges and accrued income
+€9,839
Trade debts
+€73,148
Tax, wage and social debts
+€58,305
Other debts
-€600,000
Accrued charges and deferred income
+€60,115
Investment (derived)
-€608,316
Investment in fixed assets (net)
-€608,316
Financing
-€1.7m
Debts after one year
-€156,351
Current portion of long-term debt
-€30,561
Short-term financial debts
-€71,873
Contributions, distributions and other
-€1.4m
Cash 2025
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,851,834 | €5,211,084 | -€640,750 | -10.9% |
| Fixed assets | 21/28 | €676,086 | €1,018,567 | +€342,481 | +50.7% |
| Intangible fixed assets | 21 | €0 | €157,643 | +€157,643 | |
| Tangible fixed assets | 22/27 | €663,988 | €847,103 | +€183,115 | +27.6% |
| Land and buildings | 22 | €10,254 | €8,496 | -€1,758 | -17.1% |
| Plant, machinery and equipment | 23 | €49,287 | €62,790 | +€13,503 | +27.4% |
| Furniture and vehicles | 24 | €575,329 | €729,410 | +€154,082 | +26.8% |
| Other tangible fixed assets | 26 | €29,118 | €46,406 | +€17,288 | +59.4% |
| Financial fixed assets | 28 | €12,098 | €13,821 | +€1,723 | +14.2% |
| Current assets | 29/58 | €5,175,748 | €4,192,518 | -€983,231 | -19.0% |
| Stocks and contracts in progress | 3 | €1,618,135 | €1,424,688 | -€193,447 | -12.0% |
| Stocks | 30/36 | €1,618,135 | €1,424,688 | -€193,447 | -12.0% |
| Amounts receivable within one year | 40/41 | €690,930 | €744,159 | +€53,228 | +7.7% |
| Trade receivables | 40 | €501,334 | €606,690 | +€105,356 | +21.0% |
| Other amounts receivable | 41 | €189,596 | €137,469 | -€52,127 | -27.5% |
| Cash at bank and in hand | 54/58 | €2,690,056 | €1,856,883 | -€833,173 | -31.0% |
| Deferred charges and accrued income | 490/1 | €176,626 | €166,787 | -€9,839 | -5.6% |
| Total equity and liabilities | 10/49 | €5,851,834 | €5,211,084 | -€640,750 | -10.9% |
| Equity | 10/15 | €2,243,218 | €2,269,685 | +€26,467 | +1.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,181,718 | €2,208,185 | +€26,467 | +1.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €2,175,568 | €2,202,035 | +€26,467 | +1.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,608,616 | €2,941,399 | -€667,217 | -18.5% |
| Amounts payable after more than one year | 17 | €360,356 | €204,005 | -€156,351 | -43.4% |
| Financial debts | 170/4 | €360,356 | €204,005 | -€156,351 | -43.4% |
| Amounts payable within one year | 42/48 | €3,178,566 | €2,607,586 | -€570,981 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €186,912 | €156,351 | -€30,561 | -16.4% |
| Financial debts | 43 | €71,873 | €0 | -€71,873 | -100% |
| Credit institutions | 430/8 | €71,873 | €0 | -€71,873 | -100% |
| Trade debts | 44 | €550,623 | €623,770 | +€73,148 | +13.3% |
| Suppliers | 440/4 | €550,623 | €623,770 | +€73,148 | +13.3% |
| Taxes, remuneration and social security | 45 | €369,159 | €427,464 | +€58,305 | +15.8% |
| Taxes | 450/3 | €62,163 | €98,300 | +€36,137 | +58.1% |
| Remuneration and social security | 454/9 | €306,997 | €329,165 | +€22,168 | +7.2% |
| Other amounts payable | 47/48 | €2,000,000 | €1,400,000 | -€600,000 | -30.0% |
| Accrued charges and deferred income | 492/3 | €69,693 | €129,808 | +€60,115 | +86.3% |
| Non-recurring operating income | 76A | €80,790 | €13,501 | -€67,290 | -83.3% |
| Remuneration, social security and pensions | 62 | €3,750,694 | €2,844,918 | -€905,776 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276,551 | €265,836 | -€10,715 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €626 | €135,201 | +€134,575 | +21,497% |
| Other operating charges | 640/8 | €30,860 | €22,359 | -€8,501 | -27.5% |
| Non-recurring operating charges | 66A | €77,808 | €0 | -€77,808 | -100% |
| Gross operating margin | 9900 | €6,647,131 | €5,285,117 | -€1.4m | -20.5% |
| Operating profit (loss) | 9901 | €2,510,593 | €2,016,804 | -€493,789 | -19.7% |
| Financial income | 75/76B | €20,170 | €16,760 | -€3,410 | -16.9% |
| Recurring financial income | 75 | €20,170 | €16,760 | -€3,410 | -16.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €142,341 | €94,366 | -€47,975 | -33.7% |
| Recurring financial charges | 65 | €142,341 | €94,366 | -€47,975 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €2,388,421 | €1,939,198 | -€449,223 | -18.8% |
| Income taxes | 67/77 | €622,904 | €512,731 | -€110,173 | -17.7% |
| Profit (loss) for the period | 9904 | €1,765,517 | €1,426,467 | -€339,050 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,765,517 | €1,426,467 | -€339,050 | -19.2% |
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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 2 November 2026 via checked.be.