WATERLOOS: 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.
WATERLOOS
Largest movements
- Tangible fixed assets +€340,538
up €340,538 (+4,612%), from €7,384 to €347,921
of which Land and buildings: +€346,356
- Receivables within one year +€145,963
up €145,963 (+111%), from €132,028 to €277,991
of which Trade receivables: +€140,410
- Current investments -€120,000
down €120,000 (-100%), from €120,000 to €0
- Cash +€47,781
up €47,781 (+1,451%), from €3,292 to €51,073
mainly Debts after one year (+€223,424) and Trade debts (+€186,780)
- Debts after one year +€223,424
up €223,424, from €0 to €223,424
- Trade debts +€186,780
up €186,780 (+1,157%), from €16,141 to €202,921
- Current portion of long-term debt +€15,413
up €15,413, from €0 to €15,413
- Profit (loss) carried forward -€10,012
down €10,012 (-11.1%), from -€89,923 to -€99,936
- Gross operating margin -€271,146
down €271,146, from €270,898 to -€249
- Other operating charges +€3,864
up €3,864 (+205%), from €1,889 to €5,753
- Financial charges -€2,874
down €2,874 (-48.9%), from €5,877 to €3,004
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 | €266,794 | €683,716 | +€416,922 | +156% |
| Fixed assets | 21/28 | €7,384 | €347,921 | +€340,538 | +4,612% |
| Tangible fixed assets | 22/27 | €7,384 | €347,921 | +€340,538 | +4,612% |
| Land and buildings | 22 | €0 | €346,356 | +€346,356 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,384 | €1,565 | -€5,818 | -78.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €259,411 | €335,794 | +€76,384 | +29.4% |
| Amounts receivable within one year | 40/41 | €132,028 | €277,991 | +€145,963 | +111% |
| Trade receivables | 40 | €30,981 | €171,391 | +€140,410 | +453% |
| Other amounts receivable | 41 | €101,046 | €106,599 | +€5,553 | +5.5% |
| Current investments | 50/53 | €120,000 | €0 | -€120,000 | -100% |
| Cash at bank and in hand | 54/58 | €3,292 | €51,073 | +€47,781 | +1,451% |
| Deferred charges and accrued income | 490/1 | €4,091 | €6,731 | +€2,640 | +64.5% |
| Total equity and liabilities | 10/49 | €266,794 | €683,716 | +€416,922 | +156% |
| Equity | 10/15 | €183,596 | €173,322 | -€10,274 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €254,919 | €254,658 | -€261 | -0.1% |
| Tax-exempt reserves | 132 | €254,919 | €254,658 | -€261 | -0.1% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€89,923 | -€99,936 | -€10,012 | -11.1% |
| Provisions and deferred taxes | 16 | €63,730 | €63,664 | -€65 | -0.1% |
| Deferred taxes | 168 | €63,730 | €63,664 | -€65 | -0.1% |
| Amounts payable | 17/49 | €19,469 | €446,729 | +€427,260 | +2,195% |
| Amounts payable after more than one year | 17 | €0 | €223,424 | +€223,424 | |
| Financial debts | 170/4 | €0 | €223,424 | +€223,424 | |
| Amounts payable within one year | 42/48 | €19,469 | €223,306 | +€203,837 | +1,047% |
| Current portion of amounts payable after more than one year | 42 | €0 | €15,413 | +€15,413 | |
| Financial debts | 43 | €3,301 | €1,122 | -€2,179 | -66.0% |
| Credit institutions | 430/8 | €3,301 | €1,122 | -€2,179 | -66.0% |
| Trade debts | 44 | €16,141 | €202,921 | +€186,780 | +1,157% |
| Suppliers | 440/4 | €16,141 | €202,921 | +€186,780 | +1,157% |
| Taxes, remuneration and social security | 45 | €27 | €3,850 | +€3,823 | +14,165% |
| Taxes | 450/3 | €27 | €3,850 | +€3,823 | +14,165% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,877 | €6,955 | -€921 | -11.7% |
| Other operating charges | 640/8 | €1,889 | €5,753 | +€3,864 | +205% |
| Gross operating margin | 9900 | €270,898 | -€249 | -€271,146 | |
| Operating profit (loss) | 9901 | €261,132 | -€12,957 | -€274,089 | |
| Financial income | 75/76B | €4,274 | €5,763 | +€1,489 | +34.8% |
| Recurring financial income | 75 | €4,274 | €5,763 | +€1,489 | +34.8% |
| Financial charges | 65/66B | €5,877 | €3,004 | -€2,874 | -48.9% |
| Recurring financial charges | 65 | €5,877 | €3,004 | -€2,874 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €259,529 | -€10,197 | -€269,726 | |
| Transfer from deferred taxes | 780 | - | €65 | +€65 | |
| Transfer to deferred taxes | 680 | €63,730 | €0 | -€63,730 | -100% |
| Income taxes | 67/77 | €161 | €142 | -€19 | -12.0% |
| Profit (loss) for the period | 9904 | €195,638 | -€10,274 | -€205,911 | |
| Transfer from tax-exempt reserves | 789 | - | €261 | +€261 | |
| Transfer to tax-exempt reserves | 689 | €254,919 | €0 | -€254,919 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,281 | -€10,012 | +€49,269 | +83.1% |
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 13 October 2026 via checked.be.