WATERSNOOD: 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.
WATERSNOOD
Largest movements
- Receivables after one year +€61,425
new in 2025: €61,425
- Current investments -€59,119
down €59,119 (-39.1%), from €151,343 to €92,224
- Tangible fixed assets +€13,874
up €13,874 (+15.6%), from €89,147 to €103,021
of which Land and buildings: +€14,080
- Cash -€3,810
down €3,810 (-23.6%), from €16,113 to €12,303
mainly Receivables after one year (-€61,425) and Investment in fixed assets (net) (-€26,251)
- Reserves +€5,838
up €5,838 (+2.2%), from €270,766 to €276,604
of which Distributable reserves: +€5,838
- Depreciation -€7,073
down €7,073 (-36.4%), from €19,450 to €12,377
- Gross operating margin +€2,248
up €2,248 (+10.1%), from €22,353 to €24,601
- Taxes +€2,090
new in 2025: €2,090
- Financial income +€1,342
up €1,342 (+99.9%), from €1,343 to €2,685
- Financial charges -€593
down €593 (-81.7%), from €726 to €133
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.
Cash bridge derived
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 | €332,962 | €343,584 | +€10,622 | +3.2% |
| Fixed assets | 21/28 | €89,518 | €103,392 | +€13,874 | +15.5% |
| Tangible fixed assets | 22/27 | €89,147 | €103,021 | +€13,874 | +15.6% |
| Land and buildings | 22 | €88,941 | €103,021 | +€14,080 | +15.8% |
| Furniture and vehicles | 24 | €206 | - | -€206 | |
| Financial fixed assets | 28 | €371 | €371 | = | 0.0% |
| Current assets | 29/58 | €243,444 | €240,192 | -€3,252 | -1.3% |
| Amounts receivable after more than one year | 29 | - | €61,425 | +€61,425 | |
| Other amounts receivable | 291 | - | €61,425 | +€61,425 | |
| Amounts receivable within one year | 40/41 | €69,495 | €67,491 | -€2,004 | -2.9% |
| Trade receivables | 40 | - | €1,335 | +€1,335 | |
| Other amounts receivable | 41 | €69,495 | €66,156 | -€3,339 | -4.8% |
| Current investments | 50/53 | €151,343 | €92,224 | -€59,119 | -39.1% |
| Cash at bank and in hand | 54/58 | €16,113 | €12,303 | -€3,810 | -23.6% |
| Deferred charges and accrued income | 490/1 | €6,493 | €6,749 | +€256 | +3.9% |
| Total equity and liabilities | 10/49 | €332,962 | €343,584 | +€10,622 | +3.2% |
| Equity | 10/15 | €331,154 | €338,577 | +€7,423 | +2.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €270,766 | €276,604 | +€5,838 | +2.2% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | €6,198 | = | 0.0% |
| Distributable reserves | 133 | €264,568 | €270,406 | +€5,838 | +2.2% |
| Profit (loss) carried forward | 14 | -€1,585 | - | +€1,585 | |
| Amounts payable | 17/49 | €1,808 | €5,007 | +€3,199 | +176.9% |
| Amounts payable within one year | 42/48 | €311 | €3,491 | +€3,180 | +1022.5% |
| Trade debts | 44 | €311 | €1,779 | +€1,468 | +472.0% |
| Suppliers | 440/4 | €311 | €1,779 | +€1,468 | +472.0% |
| Taxes, remuneration and social security | 45 | - | €1,712 | +€1,712 | |
| Taxes | 450/3 | - | €1,712 | +€1,712 | |
| Accrued charges and deferred income | 492/3 | €1,497 | €1,516 | +€19 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,450 | €12,377 | -€7,073 | -36.4% |
| Other operating charges | 640/8 | €5,105 | €5,263 | +€158 | +3.1% |
| Gross operating margin | 9900 | €22,353 | €24,601 | +€2,248 | +10.1% |
| Operating profit (loss) | 9901 | -€2,202 | €6,961 | +€9,163 | |
| Financial income | 75/76B | €1,343 | €2,685 | +€1,342 | +99.9% |
| Recurring financial income | 75 | €1,343 | €2,685 | +€1,342 | +99.9% |
| Financial charges | 65/66B | €726 | €133 | -€593 | -81.7% |
| Recurring financial charges | 65 | €726 | €133 | -€593 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,585 | €9,513 | +€11,098 | |
| Income taxes | 67/77 | - | €2,090 | +€2,090 | |
| Profit (loss) for the period | 9904 | -€1,585 | €7,423 | +€9,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,585 | €7,423 | +€9,008 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.