Waterloo Wellfit: 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 Wellfit
Largest movements
- Cash +€41,490
up €41,490 (+73.8%), from €56,242 to €97,732
mainly Depreciation (+€48,534) and Other debts (+€19,370)
- Tangible fixed assets -€36,304
down €36,304 (-26.4%), from €137,533 to €101,229
of which Plant, machinery and equipment: -€35,549
- Receivables within one year -€15,509
down €15,509 (-60.0%), from €25,840 to €10,331
of which Trade receivables: -€16,475
- Debts after one year -€37,577
down €37,577 (-25.7%), from €145,959 to €108,382
- Other debts +€19,370
up €19,370 (+85.2%), from €22,746 to €42,115
- Profit (loss) carried forward +€14,293
up €14,293 (+13.9%), from -€102,985 to -€88,692
- Trade debts -€3,666
down €3,666 (-10.6%), from €34,673 to €31,007
- Gross operating margin -€101,118
down €101,118 (-51.2%), from €197,400 to €96,282
- Staff costs -€58,650
down €58,650 (-64.4%), from €91,060 to €32,410
- Financial income +€6,964
up €6,964 (+380%), from €1,834 to €8,798
- Financial charges -€6,518
down €6,518 (-66.3%), from €9,835 to €3,318
- Depreciation +€5,541
up €5,541 (+12.9%), from €42,993 to €48,534
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 | €221,375 | €213,232 | -€8,144 | -3.7% |
| Fixed assets | 21/28 | €137,533 | €101,229 | -€36,304 | -26.4% |
| Tangible fixed assets | 22/27 | €137,533 | €101,229 | -€36,304 | -26.4% |
| Plant, machinery and equipment | 23 | €128,036 | €92,487 | -€35,549 | -27.8% |
| Furniture and vehicles | 24 | €9,497 | €8,742 | -€754 | -7.9% |
| Current assets | 29/58 | €83,843 | €112,002 | +€28,160 | +33.6% |
| Stocks and contracts in progress | 3 | €1,713 | €3,485 | +€1,773 | +104% |
| Stocks | 30/36 | €1,713 | €3,485 | +€1,773 | +104% |
| Amounts receivable within one year | 40/41 | €25,840 | €10,331 | -€15,509 | -60.0% |
| Trade receivables | 40 | €24,745 | €8,271 | -€16,475 | -66.6% |
| Other amounts receivable | 41 | €1,095 | €2,061 | +€966 | +88.2% |
| Cash at bank and in hand | 54/58 | €56,242 | €97,732 | +€41,490 | +73.8% |
| Deferred charges and accrued income | 490/1 | €48 | €453 | +€406 | +853% |
| Total equity and liabilities | 10/49 | €221,375 | €213,232 | -€8,144 | -3.7% |
| Equity | 10/15 | €17,015 | €31,308 | +€14,293 | +84.0% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,985 | -€88,692 | +€14,293 | +13.9% |
| Amounts payable | 17/49 | €204,361 | €181,924 | -€22,437 | -11.0% |
| Amounts payable after more than one year | 17 | €145,959 | €108,382 | -€37,577 | -25.7% |
| Financial debts | 170/4 | €145,959 | €108,382 | -€37,577 | -25.7% |
| Amounts payable within one year | 42/48 | €58,402 | €73,542 | +€15,140 | +25.9% |
| Trade debts | 44 | €34,673 | €31,007 | -€3,666 | -10.6% |
| Suppliers | 440/4 | €34,673 | €31,007 | -€3,666 | -10.6% |
| Taxes, remuneration and social security | 45 | €983 | €420 | -€563 | -57.3% |
| Taxes | 450/3 | €705 | €142 | -€563 | -79.9% |
| Remuneration and social security | 454/9 | €278 | €278 | = | 0.0% |
| Other amounts payable | 47/48 | €22,746 | €42,115 | +€19,370 | +85.2% |
| Non-recurring operating income | 76A | - | €9,005 | +€9,005 | |
| Remuneration, social security and pensions | 62 | €91,060 | €32,410 | -€58,650 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,993 | €48,534 | +€5,541 | +12.9% |
| Other operating charges | 640/8 | €2,868 | €771 | -€2,097 | -73.1% |
| Non-recurring operating charges | 66A | - | €5,755 | +€5,755 | |
| Gross operating margin | 9900 | €197,400 | €96,282 | -€101,118 | -51.2% |
| Operating profit (loss) | 9901 | €60,479 | €8,813 | -€51,666 | -85.4% |
| Financial income | 75/76B | €1,834 | €8,798 | +€6,964 | +380% |
| Recurring financial income | 75 | €1,834 | €8,798 | +€6,964 | +380% |
| Financial charges | 65/66B | €9,835 | €3,318 | -€6,518 | -66.3% |
| Recurring financial charges | 65 | €9,835 | €3,318 | -€6,518 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €52,478 | €14,293 | -€38,185 | -72.8% |
| Income taxes | 67/77 | €142 | - | -€142 | |
| Profit (loss) for the period | 9904 | €52,336 | €14,293 | -€38,043 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,336 | €14,293 | -€38,043 | -72.7% |
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 27 October 2026 via checked.be.