WATERLIGHT: what changed
What changed
WATERLIGHT
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€32,986
2024 · €6,841+€26,146
Equity
€137,896
2024 · €104,909+€32,986
Cash
€64,239
2024 · €30,040+€34,198
Balance sheet total
€299,122
2024 · €296,280+€2,842
Largest movements
Assets
- Cash +€34,198
up €34,198 (+114%), from €30,040 to €64,239
mainly Depreciation (+€35,095) and Net result for the year (+€32,986)
- Tangible fixed assets -€27,904
down €27,904 (-12.5%), from €223,513 to €195,609
of which Furniture and vehicles: -€19,062
- Receivables within one year -€3,834
down €3,834 (-16.4%), from €23,308 to €19,474
of which Other amounts receivable: -€8,981
Equity and liabilities
- Profit (loss) carried forward +€32,986
up €32,986 (+114%), from €28,817 to €61,803
- Debts after one year -€25,027
down €25,027 (-45.4%), from €55,113 to €30,087
- Current portion of long-term debt -€13,142
down €13,142 (-34.4%), from €38,169 to €25,027
- Other debts +€5,426
up €5,426 (+7.1%), from €76,378 to €81,803
Income statement
- Gross operating margin +€44,352
up €44,352 (+60.8%), from €73,007 to €117,359
- Taxes +€9,357
up €9,357, from -€471 to €8,887
- Depreciation +€4,344
up €4,344 (+14.1%), from €30,751 to €35,095
- Staff costs +€4,139
up €4,139 (+16.7%), from €24,780 to €28,919
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
€6,841
Gross operating margin
+€44,352
Staff costs
-€4,139
Depreciation
-€4,344
Other operating charges
+€107
Financial income
-€436
Financial charges
-€39
Taxes
-€9,357
Result 2025
€32,986
raises the resultlowers the result
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
+€79,559
Investment
-€7,191
Financing
-€38,169
Cash 2024
€30,040
From operations (derived)
+€79,559
Net result for the year
+€32,986
Depreciation
+€35,095
Stocks and contracts
-€475
Receivables within one year
+€3,834
Deferred charges and accrued income
+€94
Trade debts
+€298
Tax, wage and social debts
+€2,647
Other debts
+€5,426
Accrued charges and deferred income
-€346
Investment (derived)
-€7,191
Investment in fixed assets (net)
-€7,191
Financing
-€38,169
Debts after one year
-€25,027
Current portion of long-term debt
-€13,142
Cash 2025
€64,239
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €296,280 | €299,122 | +€2,842 | +1.0% |
| Fixed assets | 21/28 | €223,693 | €195,789 | -€27,904 | -12.5% |
| Tangible fixed assets | 22/27 | €223,513 | €195,609 | -€27,904 | -12.5% |
| Land and buildings | 22 | €139,746 | €131,458 | -€8,288 | -5.9% |
| Plant, machinery and equipment | 23 | €9,898 | €9,344 | -€554 | -5.6% |
| Furniture and vehicles | 24 | €73,869 | €54,807 | -€19,062 | -25.8% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €72,587 | €103,333 | +€30,745 | +42.4% |
| Stocks and contracts in progress | 3 | €18,954 | €19,429 | +€475 | +2.5% |
| Stocks | 30/36 | €18,954 | €19,429 | +€475 | +2.5% |
| Amounts receivable within one year | 40/41 | €23,308 | €19,474 | -€3,834 | -16.4% |
| Trade receivables | 40 | €13,049 | €18,196 | +€5,147 | +39.4% |
| Other amounts receivable | 41 | €10,259 | €1,278 | -€8,981 | -87.5% |
| Cash at bank and in hand | 54/58 | €30,040 | €64,239 | +€34,198 | +114% |
| Deferred charges and accrued income | 490/1 | €285 | €190 | -€94 | -33.1% |
| Total equity and liabilities | 10/49 | €296,280 | €299,122 | +€2,842 | +1.0% |
| Equity | 10/15 | €104,909 | €137,896 | +€32,986 | +31.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €26,092 | €26,092 | = | 0.0% |
| Distributable reserves | 133 | €26,092 | €26,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,817 | €61,803 | +€32,986 | +114% |
| Amounts payable | 17/49 | €191,371 | €161,226 | -€30,144 | -15.8% |
| Amounts payable after more than one year | 17 | €55,113 | €30,087 | -€25,027 | -45.4% |
| Financial debts | 170/4 | €55,113 | €30,087 | -€25,027 | -45.4% |
| Amounts payable within one year | 42/48 | €130,312 | €125,540 | -€4,772 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €38,169 | €25,027 | -€13,142 | -34.4% |
| Trade debts | 44 | €15,294 | €15,592 | +€298 | +1.9% |
| Suppliers | 440/4 | €15,294 | €15,592 | +€298 | +1.9% |
| Taxes, remuneration and social security | 45 | €472 | €3,118 | +€2,647 | +561% |
| Taxes | 450/3 | €472 | €1,868 | +€1,396 | +296% |
| Remuneration and social security | 454/9 | €0 | €1,251 | +€1,251 | |
| Other amounts payable | 47/48 | €76,378 | €81,803 | +€5,426 | +7.1% |
| Accrued charges and deferred income | 492/3 | €5,945 | €5,600 | -€346 | -5.8% |
| Non-recurring operating income | 76A | €13,750 | €0 | -€13,750 | -100% |
| Remuneration, social security and pensions | 62 | €24,780 | €28,919 | +€4,139 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,751 | €35,095 | +€4,344 | +14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,939 | €2,832 | -€107 | -3.7% |
| Gross operating margin | 9900 | €73,007 | €117,359 | +€44,352 | +60.8% |
| Operating profit (loss) | 9901 | €14,537 | €50,514 | +€35,977 | +247% |
| Financial income | 75/76B | €436 | €0 | -€436 | -99.9% |
| Recurring financial income | 75 | €436 | €0 | -€436 | -99.9% |
| Financial charges | 65/66B | €8,603 | €8,641 | +€39 | +0.4% |
| Recurring financial charges | 65 | €8,603 | €8,641 | +€39 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €6,370 | €41,873 | +€35,503 | +557% |
| Income taxes | 67/77 | -€471 | €8,887 | +€9,357 | |
| Profit (loss) for the period | 9904 | €6,841 | €32,986 | +€26,146 | +382% |
| Profit (loss) for the period to be appropriated | 9905 | €6,841 | €32,986 | +€26,146 | +382% |
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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 7 November 2026 via checked.be.