WATERLOO RETAILERS: what changed
What changed
WATERLOO RETAILERS
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€472,418
2024 · €415,404+€57,014
Equity
€1.2m
2024 · €775,352+€472,418
Cash
€11,779
2024 · €1,608+€10,171
Balance sheet total
€13.5m
2024 · €12.7m+€734,452
Largest movements
Assets
- Receivables within one year +€869,923
up €869,923 (+260%), from €334,026 to €1.2m
of which Trade receivables: +€854,711
- Tangible fixed assets -€139,555
down €139,555 (-1.1%), from €12.4m to €12.3m
Equity and liabilities
- Other debts +€642,924
up €642,924 (+19.7%), from €3.3m to €3.9m
- Debts after one year -€503,390
down €503,390 (-6.2%), from €8.1m to €7.6m
- Profit (loss) carried forward +€463,717
up €463,717 (+297%), from €155,953 to €619,670
Income statement
- Turnover +€141,472
up €141,472 (+12.4%), from €1.1m to €1.3m
- Services and other goods +€83,505
up €83,505 (+126%), from €66,052 to €149,557
- Financial charges -€34,952
down €34,952 (-13.1%), from €267,083 to €232,131
- Taxes +€34,484
up €34,484 (+26.3%), from €130,945 to €165,430
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
€415,404
Turnover
+€141,472
Services and other goods
-€83,505
Depreciation
-€1,398
Other operating charges
-€23
Financial charges
+€34,952
Taxes
-€34,484
Result 2025
€472,418
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
+€567,827
Investment
-€61,950
Financing
-€495,707
Cash 2024
€1,608
From operations (derived)
+€567,827
Net result for the year
+€472,418
Depreciation
+€201,505
Receivables within one year
-€869,923
Deferred charges and accrued income
+€6,087
Trade debts
+€49,665
Tax, wage and social debts
-€29,849
Other debts
+€642,924
Accrued charges and deferred income
+€95,002
Investment (derived)
-€61,950
Investment in fixed assets (net)
-€61,950
Financing
-€495,707
Debts after one year
-€503,390
Current portion of long-term debt
+€7,684
Cash 2025
€11,779
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,732,166 | €13,466,619 | +€734,452 | +5.8% |
| Fixed assets | 21/28 | €12,390,445 | €12,250,891 | -€139,555 | -1.1% |
| Tangible fixed assets | 22/27 | €12,390,445 | €12,250,891 | -€139,555 | -1.1% |
| Land and buildings | 22 | €12,390,445 | €12,250,891 | -€139,555 | -1.1% |
| Current assets | 29/58 | €341,721 | €1,215,728 | +€874,007 | +256% |
| Amounts receivable within one year | 40/41 | €334,026 | €1,203,949 | +€869,923 | +260% |
| Trade receivables | 40 | €333,186 | €1,187,897 | +€854,711 | +257% |
| Other amounts receivable | 41 | €840 | €16,052 | +€15,212 | +1,811% |
| Cash at bank and in hand | 54/58 | €1,608 | €11,779 | +€10,171 | +632% |
| Deferred charges and accrued income | 490/1 | €6,087 | - | -€6,087 | |
| Total equity and liabilities | 10/49 | €12,732,166 | €13,466,619 | +€734,452 | +5.8% |
| Equity | 10/15 | €775,352 | €1,247,770 | +€472,418 | +60.9% |
| Contributions | 10/11 | €571,000 | €571,000 | = | 0.0% |
| Capital | 10 | €571,000 | €571,000 | = | 0.0% |
| Issued capital | 100 | €571,000 | €571,000 | = | 0.0% |
| Reserves | 13 | €48,399 | €57,100 | +€8,701 | +18.0% |
| Non-distributable reserves | 130/1 | €48,399 | €57,100 | +€8,701 | +18.0% |
| Legal reserve | 130 | €48,399 | €57,100 | +€8,701 | +18.0% |
| Profit (loss) carried forward | 14 | €155,953 | €619,670 | +€463,717 | +297% |
| Amounts payable | 17/49 | €11,956,814 | €12,218,849 | +€262,035 | +2.2% |
| Amounts payable after more than one year | 17 | €8,096,128 | €7,592,738 | -€503,390 | -6.2% |
| Financial debts | 170/4 | €8,096,128 | €7,592,738 | -€503,390 | -6.2% |
| Credit institutions | 173 | €8,096,128 | €7,592,738 | -€503,390 | -6.2% |
| Amounts payable within one year | 42/48 | €3,860,686 | €4,531,109 | +€670,423 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €495,707 | €503,390 | +€7,684 | +1.6% |
| Trade debts | 44 | €40,731 | €90,395 | +€49,665 | +122% |
| Suppliers | 440/4 | €40,731 | €90,395 | +€49,665 | +122% |
| Taxes, remuneration and social security | 45 | €52,758 | €22,909 | -€29,849 | -56.6% |
| Taxes | 450/3 | €52,758 | €22,909 | -€29,849 | -56.6% |
| Other amounts payable | 47/48 | €3,271,490 | €3,914,414 | +€642,924 | +19.7% |
| Accrued charges and deferred income | 492/3 | - | €95,002 | +€95,002 | |
| Operating income | 70/76A | €1,139,710 | €1,281,183 | +€141,472 | +12.4% |
| Turnover | 70 | €1,139,710 | €1,281,183 | +€141,472 | +12.4% |
| Operating charges | 60/66A | €326,279 | €411,204 | +€84,926 | +26.0% |
| Services and other goods | 61 | €66,052 | €149,557 | +€83,505 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,107 | €201,505 | +€1,398 | +0.7% |
| Other operating charges | 640/8 | €60,120 | €60,143 | +€23 | 0.0% |
| Operating profit (loss) | 9901 | €813,432 | €869,978 | +€56,547 | +7.0% |
| Financial charges | 65/66B | €267,083 | €232,131 | -€34,952 | -13.1% |
| Recurring financial charges | 65 | €267,083 | €232,131 | -€34,952 | -13.1% |
| Debt charges | 650 | €266,573 | €231,626 | -€34,947 | -13.1% |
| Other financial charges | 652/9 | €510 | €505 | -€4 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €546,349 | €637,848 | +€91,499 | +16.7% |
| Income taxes | 67/77 | €130,945 | €165,430 | +€34,484 | +26.3% |
| Taxes | 670/3 | €130,945 | €165,430 | +€34,484 | +26.3% |
| Profit (loss) for the period | 9904 | €415,404 | €472,418 | +€57,014 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €415,404 | €472,418 | +€57,014 | +13.7% |
Next steps
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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 4 November 2026 via checked.be.