WATERKANT: 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.
WATERKANT
Largest movements
- Current investments +€109,873
new in 2025: €109,873
- Receivables within one year +€36,535
up €36,535 (+151%), from €24,224 to €60,758
of which Trade receivables: +€36,276
- Cash -€33,207
down €33,207 (-73.4%), from €45,253 to €12,046
mainly Current investments (-€109,873) and Debts after one year (-€54,260)
- Tangible fixed assets -€14,492
down €14,492 (-20.8%), from €69,542 to €55,050
of which Furniture and vehicles: -€14,272
- Reserves +€130,091
up €130,091 (+252%), from €51,608 to €181,700
- Debts after one year -€54,260
no longer reported in 2025 (was €54,260)
- Tax, wage and social debts +€25,352
up €25,352 (+116%), from €21,803 to €47,155
of which Taxes: +€25,352
- Other debts -€4,081
down €4,081 (-81.7%), from €4,995 to €914
- Gross operating margin +€108,136
up €108,136 (+137%), from €78,689 to €186,826
- Taxes +€26,964
up €26,964 (+191%), from €14,116 to €41,080
- Depreciation +€2,965
up €2,965 (+25.7%), from €11,527 to €14,492
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 | €139,986 | €238,650 | +€98,664 | +70.5% |
| Fixed assets | 21/28 | €69,542 | €55,050 | -€14,492 | -20.8% |
| Tangible fixed assets | 22/27 | €69,542 | €55,050 | -€14,492 | -20.8% |
| Land and buildings | 22 | €2,105 | €1,885 | -€219 | -10.4% |
| Furniture and vehicles | 24 | €67,437 | €53,165 | -€14,272 | -21.2% |
| Current assets | 29/58 | €70,444 | €183,600 | +€113,155 | +161% |
| Amounts receivable within one year | 40/41 | €24,224 | €60,758 | +€36,535 | +151% |
| Trade receivables | 40 | €24,224 | €60,500 | +€36,276 | +150% |
| Other amounts receivable | 41 | - | €258 | +€258 | |
| Current investments | 50/53 | - | €109,873 | +€109,873 | |
| Cash at bank and in hand | 54/58 | €45,253 | €12,046 | -€33,207 | -73.4% |
| Deferred charges and accrued income | 490/1 | €968 | €922 | -€46 | -4.7% |
| Total equity and liabilities | 10/49 | €139,986 | €238,650 | +€98,664 | +70.5% |
| Equity | 10/15 | €56,608 | €186,700 | +€130,091 | +230% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,608 | €181,700 | +€130,091 | +252% |
| Distributable reserves | 133 | €51,608 | €181,700 | +€130,091 | +252% |
| Amounts payable | 17/49 | €83,378 | €51,950 | -€31,428 | -37.7% |
| Amounts payable after more than one year | 17 | €54,260 | - | -€54,260 | |
| Other amounts payable | 178/9 | €54,260 | - | -€54,260 | |
| Amounts payable within one year | 42/48 | €28,917 | €50,248 | +€21,330 | +73.8% |
| Trade debts | 44 | €2,119 | €2,179 | +€59 | +2.8% |
| Suppliers | 440/4 | €2,119 | €2,179 | +€59 | +2.8% |
| Taxes, remuneration and social security | 45 | €21,803 | €47,155 | +€25,352 | +116% |
| Taxes | 450/3 | €19,953 | €45,305 | +€25,352 | +127% |
| Remuneration and social security | 454/9 | €1,850 | €1,850 | = | 0.0% |
| Other amounts payable | 47/48 | €4,995 | €914 | -€4,081 | -81.7% |
| Accrued charges and deferred income | 492/3 | €201 | €1,703 | +€1,502 | +749% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,527 | €14,492 | +€2,965 | +25.7% |
| Other operating charges | 640/8 | €1,191 | €631 | -€560 | -47.0% |
| Gross operating margin | 9900 | €78,689 | €186,826 | +€108,136 | +137% |
| Operating profit (loss) | 9901 | €65,972 | €171,703 | +€105,732 | +160% |
| Financial income | 75/76B | €15 | €1,244 | +€1,229 | +8,152% |
| Recurring financial income | 75 | €15 | €1,244 | +€1,229 | +8,152% |
| Financial charges | 65/66B | €262 | €1,776 | +€1,513 | +577% |
| Recurring financial charges | 65 | €262 | €1,776 | +€1,513 | +577% |
| Profit (loss) for the period before taxes | 9903 | €65,724 | €171,171 | +€105,447 | +160% |
| Income taxes | 67/77 | €14,116 | €41,080 | +€26,964 | +191% |
| Profit (loss) for the period | 9904 | €51,608 | €130,091 | +€78,483 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €51,608 | €130,091 | +€78,483 | +152% |
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 14 October 2026 via checked.be.