WATERLOO WASH: 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.
What changed
WATERLOO WASH
NACE 77.223, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,923
2024 · €24,453-€21,531
Equity
€1.4m
2024 · €1.4m+€2,923
Cash
€573
2024 · €3,948-€3,375
Balance sheet total
€1.8m
2024 · €1.8m-€4,227
Largest movements
Assets
- Receivables within one year +€43,780
up €43,780 (+3.5%), from €1.3m to €1.3m
- Tangible fixed assets -€27,883
down €27,883 (-5.8%), from €479,298 to €451,415
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€46,872
down €46,872 (-56.4%), from €83,137 to €36,264
- Other operating charges -€13,013
no longer reported in 2025 (was €13,013)
- Taxes -€10,358
down €10,358 (-82.7%), from €12,521 to €2,163
- Financial charges -€1,971
down €1,971 (-37.4%), from €5,268 to €3,297
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.
Result 2024
€24,453
Gross operating margin
-€46,872
Other operating charges
+€13,013
Financial charges
+€1,971
Taxes
+€10,358
Result 2025
€2,923
raises the resultlowers the result
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.
From operations
+€12,819
Investment
€0
Financing
-€16,194
Cash 2024
€3,948
From operations (derived)
+€12,819
Net result for the year
+€2,923
Depreciation
+€27,883
Receivables within one year
-€43,780
Deferred charges and accrued income
+€16,750
Trade debts
+€6,881
Tax, wage and social debts
+€2,163
Financing
-€16,194
Debts after one year
-€10,567
Current portion of long-term debt
-€14,951
Short-term financial debts
+€9,324
Cash 2025
€573
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,794,011 | €1,789,784 | -€4,227 | -0.2% |
| Fixed assets | 21/28 | €498,298 | €470,415 | -€27,883 | -5.6% |
| Tangible fixed assets | 22/27 | €479,298 | €451,415 | -€27,883 | -5.8% |
| Land and buildings | 22 | €479,298 | €451,415 | -€27,883 | -5.8% |
| Financial fixed assets | 28 | €19,000 | €19,000 | = | 0.0% |
| Current assets | 29/58 | €1,295,714 | €1,319,369 | +€23,655 | +1.8% |
| Amounts receivable within one year | 40/41 | €1,268,307 | €1,312,087 | +€43,780 | +3.5% |
| Other amounts receivable | 41 | €1,268,307 | €1,312,087 | +€43,780 | +3.5% |
| Cash at bank and in hand | 54/58 | €3,948 | €573 | -€3,375 | -85.5% |
| Deferred charges and accrued income | 490/1 | €23,459 | €6,709 | -€16,750 | -71.4% |
| Total equity and liabilities | 10/49 | €1,794,011 | €1,789,784 | -€4,227 | -0.2% |
| Equity | 10/15 | €1,354,217 | €1,357,139 | +€2,923 | +0.2% |
| Contributions | 10/11 | €140,250 | €140,250 | = | 0.0% |
| Capital | 10 | €140,250 | €140,250 | = | 0.0% |
| Issued capital | 100 | €140,250 | €140,250 | = | 0.0% |
| Revaluation surpluses | 12 | €61,116 | €61,116 | = | 0.0% |
| Reserves | 13 | €184,218 | €181,200 | -€3,018 | -1.6% |
| Non-distributable reserves | 130/1 | €14,025 | €14,025 | = | 0.0% |
| Legal reserve | 130 | €14,025 | €14,025 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,546 | €4,527 | -€3,018 | -40.0% |
| Distributable reserves | 133 | €162,648 | €162,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | €968,632 | €974,573 | +€5,941 | +0.6% |
| Amounts payable | 17/49 | €439,795 | €432,645 | -€7,150 | -1.6% |
| Amounts payable after more than one year | 17 | €32,234 | €21,667 | -€10,567 | -32.8% |
| Financial debts | 170/4 | €32,234 | €21,667 | -€10,567 | -32.8% |
| Amounts payable within one year | 42/48 | €407,561 | €410,978 | +€3,417 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €25,491 | €10,540 | -€14,951 | -58.7% |
| Financial debts | 43 | - | €9,324 | +€9,324 | |
| Credit institutions | 430/8 | - | €9,324 | +€9,324 | |
| Trade debts | 44 | €4,155 | €11,036 | +€6,881 | +166% |
| Suppliers | 440/4 | €4,155 | €11,036 | +€6,881 | +166% |
| Advances received on contracts in progress | 46 | €9,337 | €9,337 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €363,579 | €365,742 | +€2,163 | +0.6% |
| Taxes | 450/3 | €363,579 | €365,742 | +€2,163 | +0.6% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Non-recurring operating income | 76A | €29,318 | - | -€29,318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,883 | €27,883 | = | 0.0% |
| Other operating charges | 640/8 | €13,013 | - | -€13,013 | |
| Gross operating margin | 9900 | €83,137 | €36,264 | -€46,872 | -56.4% |
| Operating profit (loss) | 9901 | €42,241 | €8,382 | -€33,859 | -80.2% |
| Financial charges | 65/66B | €5,268 | €3,297 | -€1,971 | -37.4% |
| Recurring financial charges | 65 | €5,268 | €3,297 | -€1,971 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €36,974 | €5,085 | -€31,889 | -86.2% |
| Income taxes | 67/77 | €12,521 | €2,163 | -€10,358 | -82.7% |
| Profit (loss) for the period | 9904 | €24,453 | €2,923 | -€21,531 | -88.0% |
| Transfer from tax-exempt reserves | 789 | - | €3,018 | +€3,018 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,453 | €5,941 | -€18,512 | -75.7% |
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 20 October 2026 via checked.be.