WATERPROOF: what changed
Two fiscal 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.
WATERPROOF
Largest movements
- Receivables within one year +€29,251
up €29,251 (+11.3%), from €259,718 to €288,969
of which Other amounts receivable: +€33,311
- Tangible fixed assets -€9,033
down €9,033 (-36.2%), from €24,936 to €15,903
- Cash -€4,643
down €4,643 (-37.2%), from €12,472 to €7,829
mainly Receivables within one year (-€29,251) and Provisions (-€844)
- Tax, wage and social debts +€8,284
up €8,284 (+104.2%), from €7,954 to €16,238
- Trade debts +€4,146
up €4,146 (+167.3%), from €2,479 to €6,625
- Provisions +€30,000
up €30,000, from -€30,000 to €0
- Gross operating margin +€8,831
up €8,831 (+328.6%), from €2,688 to €11,519
- Taxes -€7,327
down €7,327 (-64.9%), from €11,294 to €3,967
- Financial income +€4,066
up €4,066 (+116.0%), from €3,504 to €7,570
- Write-downs +€1,891
new in 2024: €1,891
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,791 | €317,467 | +€12,676 | +4.2% |
| Fixed assets | 21/28 | €29,096 | €16,818 | -€12,278 | -42.2% |
| Intangible fixed assets | 21 | €1,216 | €916 | -€300 | -24.7% |
| Tangible fixed assets | 22/27 | €24,936 | €15,903 | -€9,033 | -36.2% |
| Furniture and vehicles | 24 | €24,936 | €15,903 | -€9,033 | -36.2% |
| Financial fixed assets | 28 | €2,945 | €0 | -€2,945 | -100.0% |
| Current assets | 29/58 | €275,695 | €300,648 | +€24,954 | +9.1% |
| Amounts receivable within one year | 40/41 | €259,718 | €288,969 | +€29,251 | +11.3% |
| Trade receivables | 40 | €15,902 | €11,841 | -€4,061 | -25.5% |
| Other amounts receivable | 41 | €243,816 | €277,127 | +€33,311 | +13.7% |
| Cash at bank and in hand | 54/58 | €12,472 | €7,829 | -€4,643 | -37.2% |
| Deferred charges and accrued income | 490/1 | €3,504 | €3,850 | +€346 | +9.9% |
| Total equity and liabilities | 10/49 | €304,791 | €317,467 | +€12,676 | +4.2% |
| Equity | 10/15 | €215,916 | €216,355 | +€439 | +0.2% |
| Contributions | 10/11 | €60,205 | €60,205 | = | 0.0% |
| Reserves | 13 | €155,644 | €156,083 | +€439 | +0.3% |
| Non-distributable reserves | 130/1 | €7,260 | €7,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,260 | €7,260 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,134 | €44,601 | -€2,532 | -5.4% |
| Distributable reserves | 133 | €101,250 | €104,221 | +€2,971 | +2.9% |
| Profit (loss) carried forward | 14 | €67 | €67 | = | 0.0% |
| Provisions and deferred taxes | 16 | €54,727 | €53,883 | -€844 | -1.5% |
| Provisions for liabilities and charges | 160/5 | €39,016 | €39,016 | = | 0.0% |
| Pensions and similar obligations | 160 | €39,016 | €39,016 | = | 0.0% |
| Deferred taxes | 168 | €15,711 | €14,867 | -€844 | -5.4% |
| Amounts payable | 17/49 | €34,148 | €47,229 | +€13,081 | +38.3% |
| Amounts payable within one year | 42/48 | €34,148 | €47,229 | +€13,081 | +38.3% |
| Trade debts | 44 | €2,479 | €6,625 | +€4,146 | +167.3% |
| Suppliers | 440/4 | €2,479 | €6,625 | +€4,146 | +167.3% |
| Advances received on contracts in progress | 46 | - | €303 | +€303 | |
| Taxes, remuneration and social security | 45 | €7,954 | €16,238 | +€8,284 | +104.2% |
| Taxes | 450/3 | €7,954 | €16,238 | +€8,284 | +104.2% |
| Other amounts payable | 47/48 | €23,716 | €24,064 | +€348 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,365 | €9,333 | -€32 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,891 | +€1,891 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | €0 | +€30,000 | |
| Other operating charges | 640/8 | €2,288 | €3,523 | +€1,235 | +54.0% |
| Gross operating margin | 9900 | €2,688 | €11,519 | +€8,831 | +328.6% |
| Operating profit (loss) | 9901 | €21,035 | -€3,228 | -€24,263 | |
| Financial income | 75/76B | €3,504 | €7,570 | +€4,066 | +116.0% |
| Recurring financial income | 75 | €3,504 | €7,570 | +€4,066 | +116.0% |
| Financial charges | 65/66B | €538 | €780 | +€242 | +45.1% |
| Recurring financial charges | 65 | €538 | €780 | +€242 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €24,001 | €3,562 | -€20,439 | -85.2% |
| Transfer from deferred taxes | 780 | €1,499 | €844 | -€654 | -43.7% |
| Income taxes | 67/77 | €11,294 | €3,967 | -€7,327 | -64.9% |
| Profit (loss) for the period | 9904 | €14,206 | €439 | -€13,767 | -96.9% |
| Transfer from tax-exempt reserves | 789 | €4,496 | €2,532 | -€1,963 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,702 | €2,971 | -€15,730 | -84.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.