Waterscaping Projects: 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.
Waterscaping Projects
Largest movements
- Stocks and contracts +€58,311
up €58,311 (+59.8%), from €97,578 to €155,889
- Cash +€26,819
up €26,819 (+62,706%), from €43 to €26,862
mainly Debts after one year (+€102,052) and Depreciation (+€22,138)
- Receivables within one year -€17,209
down €17,209 (-39.9%), from €43,147 to €25,938
of which Trade receivables: -€18,567
- Tangible fixed assets -€4,142
down €4,142 (-3.1%), from €135,401 to €131,260
of which Plant, machinery and equipment: -€7,096
- Debts after one year +€102,052
up €102,052 (+247%), from €41,316 to €143,368
- Trade debts -€58,080
down €58,080 (-32.8%), from €177,101 to €119,021
- Current portion of long-term debt +€16,097
up €16,097 (+235%), from €6,851 to €22,948
- Other debts +€11,900
new in 2025: €11,900
- Tax, wage and social debts -€9,976
down €9,976 (-32.2%), from €30,948 to €20,972
of which Taxes: -€11,131
- Staff costs +€19,233
up €19,233 (+25.4%), from €75,766 to €94,999
- Depreciation +€10,107
up €10,107 (+84.0%), from €12,030 to €22,138
- Gross operating margin +€9,303
up €9,303 (+7.6%), from €121,987 to €131,290
- Taxes -€5,091
down €5,091 (-75.9%), from €6,704 to €1,612
- Write-downs +€4,091
new in 2025: €4,091
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 | €276,971 | €339,949 | +€62,977 | +22.7% |
| Fixed assets | 21/28 | €135,401 | €131,260 | -€4,142 | -3.1% |
| Tangible fixed assets | 22/27 | €135,401 | €131,260 | -€4,142 | -3.1% |
| Plant, machinery and equipment | 23 | €95,291 | €88,195 | -€7,096 | -7.4% |
| Furniture and vehicles | 24 | €40,110 | €43,065 | +€2,955 | +7.4% |
| Current assets | 29/58 | €141,570 | €208,689 | +€67,119 | +47.4% |
| Stocks and contracts in progress | 3 | €97,578 | €155,889 | +€58,311 | +59.8% |
| Stocks | 30/36 | €97,578 | €155,889 | +€58,311 | +59.8% |
| Amounts receivable within one year | 40/41 | €43,147 | €25,938 | -€17,209 | -39.9% |
| Trade receivables | 40 | €41,111 | €22,544 | -€18,567 | -45.2% |
| Other amounts receivable | 41 | €2,036 | €3,393 | +€1,358 | +66.7% |
| Cash at bank and in hand | 54/58 | €43 | €26,862 | +€26,819 | +62,706% |
| Deferred charges and accrued income | 490/1 | €802 | €0 | -€802 | -100% |
| Total equity and liabilities | 10/49 | €276,971 | €339,949 | +€62,977 | +22.7% |
| Equity | 10/15 | €20,755 | €21,738 | +€984 | +4.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,755 | €18,738 | +€984 | +5.5% |
| Distributable reserves | 133 | €17,755 | €18,738 | +€984 | +5.5% |
| Amounts payable | 17/49 | €256,217 | €318,210 | +€61,993 | +24.2% |
| Amounts payable after more than one year | 17 | €41,316 | €143,368 | +€102,052 | +247% |
| Financial debts | 170/4 | €41,316 | €143,368 | +€102,052 | +247% |
| Amounts payable within one year | 42/48 | €214,900 | €174,842 | -€40,058 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €6,851 | €22,948 | +€16,097 | +235% |
| Trade debts | 44 | €177,101 | €119,021 | -€58,080 | -32.8% |
| Suppliers | 440/4 | €177,101 | €119,021 | -€58,080 | -32.8% |
| Taxes, remuneration and social security | 45 | €30,948 | €20,972 | -€9,976 | -32.2% |
| Taxes | 450/3 | €20,454 | €9,323 | -€11,131 | -54.4% |
| Remuneration and social security | 454/9 | €10,494 | €11,649 | +€1,155 | +11.0% |
| Other amounts payable | 47/48 | - | €11,900 | +€11,900 | |
| Remuneration, social security and pensions | 62 | €75,766 | €94,999 | +€19,233 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,030 | €22,138 | +€10,107 | +84.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,091 | +€4,091 | |
| Other operating charges | 640/8 | €7,743 | €5,736 | -€2,007 | -25.9% |
| Gross operating margin | 9900 | €121,987 | €131,290 | +€9,303 | +7.6% |
| Operating profit (loss) | 9901 | €26,448 | €4,327 | -€22,121 | -83.6% |
| Financial income | 75/76B | €34 | €31 | -€3 | -8.7% |
| Recurring financial income | 75 | €34 | €31 | -€3 | -8.7% |
| Financial charges | 65/66B | €2,023 | €1,762 | -€261 | -12.9% |
| Recurring financial charges | 65 | €2,023 | €1,762 | -€261 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €24,459 | €2,596 | -€21,863 | -89.4% |
| Income taxes | 67/77 | €6,704 | €1,612 | -€5,091 | -75.9% |
| Profit (loss) for the period | 9904 | €17,755 | €984 | -€16,771 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,755 | €984 | -€16,771 | -94.5% |
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 28 October 2026 via checked.be.