Waterstreet: 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.
Waterstreet
Largest movements
- Current investments +€202,276
up €202,276 (+72.2%), from €280,053 to €482,329
- Cash -€78,803
down €78,803 (-32.0%), from €246,061 to €167,257
mainly Current investments (-€202,276) and Trade debts (-€12,874)
- Receivables within one year -€31,855
down €31,855 (-37.5%), from €84,915 to €53,060
- Reserves +€104,910
up €104,910 (+21.0%), from €500,556 to €605,466
- Trade debts -€12,874
down €12,874 (-45.0%), from €28,616 to €15,742
- Gross operating margin -€37,641
down €37,641 (-19.5%), from €193,169 to €155,528
- Taxes -€11,558
down €11,558 (-18.2%), from €63,478 to €51,920
- Financial charges +€2,373
up €2,373, from -€975 to €1,398
- Financial income -€2,176
down €2,176 (-35.5%), from €6,129 to €3,953
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 | €612,276 | €703,266 | +€90,991 | +14.9% |
| Current assets | 29/58 | €612,276 | €703,266 | +€90,991 | +14.9% |
| Amounts receivable within one year | 40/41 | €84,915 | €53,060 | -€31,855 | -37.5% |
| Trade receivables | 40 | €84,915 | €53,060 | -€31,855 | -37.5% |
| Current investments | 50/53 | €280,053 | €482,329 | +€202,276 | +72.2% |
| Cash at bank and in hand | 54/58 | €246,061 | €167,257 | -€78,803 | -32.0% |
| Deferred charges and accrued income | 490/1 | €1,248 | €620 | -€628 | -50.3% |
| Total equity and liabilities | 10/49 | €612,276 | €703,266 | +€90,991 | +14.9% |
| Equity | 10/15 | €519,116 | €624,034 | +€104,918 | +20.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €500,556 | €605,466 | +€104,910 | +21.0% |
| Distributable reserves | 133 | €500,556 | €605,466 | +€104,910 | +21.0% |
| Profit (loss) carried forward | 14 | €10 | €18 | +€8 | +73.8% |
| Amounts payable | 17/49 | €93,160 | €79,233 | -€13,927 | -14.9% |
| Amounts payable within one year | 42/48 | €93,160 | €79,233 | -€13,927 | -14.9% |
| Trade debts | 44 | €28,616 | €15,742 | -€12,874 | -45.0% |
| Suppliers | 440/4 | €28,616 | €15,742 | -€12,874 | -45.0% |
| Taxes, remuneration and social security | 45 | €33,494 | €35,752 | +€2,258 | +6.7% |
| Taxes | 450/3 | €33,494 | €35,752 | +€2,258 | +6.7% |
| Other amounts payable | 47/48 | €31,049 | €27,739 | -€3,311 | -10.7% |
| Other operating charges | 640/8 | €1,583 | €1,246 | -€338 | -21.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €193,169 | €155,528 | -€37,641 | -19.5% |
| Operating profit (loss) | 9901 | €191,586 | €154,283 | -€37,303 | -19.5% |
| Financial income | 75/76B | €6,129 | €3,953 | -€2,176 | -35.5% |
| Recurring financial income | 75 | €6,129 | €3,953 | -€2,176 | -35.5% |
| Financial charges | 65/66B | -€975 | €1,398 | +€2,373 | |
| Recurring financial charges | 65 | -€975 | €1,398 | +€2,373 | |
| Profit (loss) for the period before taxes | 9903 | €198,690 | €156,838 | -€41,852 | -21.1% |
| Income taxes | 67/77 | €63,478 | €51,920 | -€11,558 | -18.2% |
| Profit (loss) for the period | 9904 | €135,212 | €104,918 | -€30,294 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €135,212 | €104,918 | -€30,294 | -22.4% |
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 31 October 2026 via checked.be.