Waterloo Promotion: 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.
Waterloo Promotion
Largest movements
- Current investments +€26,059
new in 2025: €26,059
- Cash -€18,577
no longer reported in 2025 (was €18,577)
mainly Current investments (-€26,059) and Short-term financial debts (-€9,629)
- Tangible fixed assets -€8,136
down €8,136 (-3.1%), from €260,184 to €252,049
- Short-term financial debts -€9,629
down €9,629 (-4.1%), from €235,422 to €225,793
- Profit (loss) carried forward +€5,009
up €5,009 (+8.2%), from -€61,113 to -€56,104
- Trade debts +€4,154
up €4,154 (+66.6%), from €6,236 to €10,391
- Financial income -€1,114
down €1,114 (-97.0%), from €1,149 to €34
- Other operating charges +€1,013
up €1,013 (+99.0%), from €1,023 to €2,036
- Gross operating margin +€911
up €911 (+4.2%), from €21,581 to €22,491
- Depreciation +€721
up €721 (+5.0%), from €14,328 to €15,049
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 | €288,974 | €288,509 | -€465 | -0.2% |
| Fixed assets | 21/28 | €260,184 | €252,049 | -€8,136 | -3.1% |
| Tangible fixed assets | 22/27 | €260,184 | €252,049 | -€8,136 | -3.1% |
| Land and buildings | 22 | €260,184 | €252,049 | -€8,136 | -3.1% |
| Current assets | 29/58 | €28,790 | €36,460 | +€7,671 | +26.6% |
| Amounts receivable within one year | 40/41 | €9,119 | €10,270 | +€1,151 | +12.6% |
| Trade receivables | 40 | €8,080 | €9,240 | +€1,161 | +14.4% |
| Other amounts receivable | 41 | €1,040 | €1,030 | -€10 | -1.0% |
| Current investments | 50/53 | - | €26,059 | +€26,059 | |
| Cash at bank and in hand | 54/58 | €18,577 | - | -€18,577 | |
| Deferred charges and accrued income | 490/1 | €1,093 | €131 | -€962 | -88.0% |
| Total equity and liabilities | 10/49 | €288,974 | €288,509 | -€465 | -0.2% |
| Equity | 10/15 | €38,887 | €43,896 | +€5,009 | +12.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,113 | -€56,104 | +€5,009 | +8.2% |
| Amounts payable | 17/49 | €250,087 | €244,613 | -€5,474 | -2.2% |
| Amounts payable after more than one year | 17 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 178/9 | €1,200 | €1,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €248,887 | €243,413 | -€5,474 | -2.2% |
| Financial debts | 43 | €235,422 | €225,793 | -€9,629 | -4.1% |
| Credit institutions | 430/8 | €235,422 | €225,793 | -€9,629 | -4.1% |
| Trade debts | 44 | €6,236 | €10,391 | +€4,154 | +66.6% |
| Suppliers | 440/4 | €6,236 | €10,391 | +€4,154 | +66.6% |
| Other amounts payable | 47/48 | €7,229 | €7,229 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,328 | €15,049 | +€721 | +5.0% |
| Other operating charges | 640/8 | €1,023 | €2,036 | +€1,013 | +99.0% |
| Gross operating margin | 9900 | €21,581 | €22,491 | +€911 | +4.2% |
| Operating profit (loss) | 9901 | €6,229 | €5,406 | -€823 | -13.2% |
| Financial income | 75/76B | €1,149 | €34 | -€1,114 | -97.0% |
| Recurring financial income | 75 | €1,149 | €34 | -€1,114 | -97.0% |
| Financial charges | 65/66B | €412 | €432 | +€19 | +4.7% |
| Recurring financial charges | 65 | €412 | €432 | +€19 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €6,965 | €5,009 | -€1,957 | -28.1% |
| Profit (loss) for the period | 9904 | €6,965 | €5,009 | -€1,957 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,965 | €5,009 | -€1,957 | -28.1% |
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 15 October 2026 via checked.be.