WATERTECH: 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.
What changed
WATERTECH
NACE 28.295, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€364,032
2024 · -€635,567+€271,534
Equity
-€474,708
2024 · -€96,462-€378,246
Cash
€26,754
2024 · €25,162+€1,592
Balance sheet total
€3.4m
2024 · €4.0m-€609,244
Largest movements
Assets
- Receivables within one year -€309,039
down €309,039 (-18.2%), from €1.7m to €1.4m
of which Trade receivables: -€223,878
- Deferred charges and accrued income -€105,711
down €105,711 (-91.6%), from €115,398 to €9,688
- Stocks and contracts -€102,884
down €102,884 (-20.5%), from €501,206 to €398,322
- Tangible fixed assets -€91,808
down €91,808 (-5.8%), from €1.6m to €1.5m
of which Leasing and similar rights: -€86,849
Equity and liabilities
- Tax, wage and social debts +€398,069
up €398,069 (+127.2%), from €312,955 to €711,025
of which Remuneration and social security: +€231,784
- Profit (loss) carried forward -€364,032
down €364,032 (-92.0%), from -€395,563 to -€759,596
- Debts after one year -€190,698
down €190,698 (-16.9%), from €1.1m to €936,063
- Trade debts -€184,530
down €184,530 (-17.4%), from €1.1m to €875,104
- Short-term financial debts -€178,908
down €178,908 (-30.5%), from €586,883 to €407,974
Income statement
- Depreciation -€142,194
down €142,194 (-62.9%), from €226,220 to €84,027
- Staff costs -€66,711
down €66,711 (-6.1%), from €1.1m to €1.0m
- Gross operating margin +€65,810
up €65,810 (+7.2%), from €919,925 to €985,734
- Other operating charges -€20,067
down €20,067 (-30.5%), from €65,709 to €45,643
- Financial charges +€13,788
up €13,788 (+7.1%), from €194,787 to €208,575
of which Financial charges: +€19,415
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.
Result 2024
-€635,567
Gross operating margin
+€65,810
Staff costs
+€66,711
Depreciation
+€142,194
Write-downs
-€2,178
Other operating charges
+€20,067
Other operating items
-€10,660
Financial income
+€1,865
Financial charges
-€13,788
Taxes
+€1,515
Result 2025
-€364,032
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.
From operations
+€403,347
Investment
+€9,900
Financing
-€411,655
Cash 2024
€25,162
From operations (derived)
+€403,347
Net result for the year
-€364,032
Depreciation
+€84,027
Receivables after one year
-€725
Stocks and contracts
+€102,884
Receivables within one year
+€309,039
Deferred charges and accrued income
+€105,711
Trade debts
-€184,530
Tax, wage and social debts
+€398,069
Advances received
-€45,000
Other debts
-€74,673
Accrued charges and deferred income
+€72,577
Investment (derived)
+€9,900
Investment in fixed assets (net)
+€9,900
Financing
-€411,655
Debts after one year
-€190,698
Current portion of long-term debt
-€27,836
Short-term financial debts
-€178,908
Contributions, distributions and other
-€14,214
Cash 2025
€26,754
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,969,016 | €3,359,771 | -€609,244 | -15.4% |
| Fixed assets | 21/28 | €1,591,425 | €1,497,498 | -€93,927 | -5.9% |
| Intangible fixed assets | 21 | €4,689 | €2,571 | -€2,118 | -45.2% |
| Tangible fixed assets | 22/27 | €1,576,936 | €1,485,128 | -€91,808 | -5.8% |
| Land and buildings | 22 | €1,317,047 | €1,321,047 | +€4,000 | +0.3% |
| Plant, machinery and equipment | 23 | €4,900 | €4,099 | -€801 | -16.3% |
| Furniture and vehicles | 24 | €12,653 | €4,494 | -€8,159 | -64.5% |
| Leasing and similar rights | 25 | €242,336 | €155,487 | -€86,849 | -35.8% |
| Financial fixed assets | 28 | €9,800 | €9,800 | = | 0.0% |
| Current assets | 29/58 | €2,377,590 | €1,862,273 | -€515,317 | -21.7% |
| Amounts receivable after more than one year | 29 | €36,232 | €36,957 | +€725 | +2.0% |
| Other amounts receivable | 291 | €36,232 | €36,957 | +€725 | +2.0% |
| Stocks and contracts in progress | 3 | €501,206 | €398,322 | -€102,884 | -20.5% |
| Stocks | 30/36 | €501,206 | €398,322 | -€102,884 | -20.5% |
| Amounts receivable within one year | 40/41 | €1,699,592 | €1,390,553 | -€309,039 | -18.2% |
| Trade receivables | 40 | €1,580,928 | €1,357,050 | -€223,878 | -14.2% |
| Other amounts receivable | 41 | €118,663 | €33,502 | -€85,161 | -71.8% |
| Cash at bank and in hand | 54/58 | €25,162 | €26,754 | +€1,592 | +6.3% |
| Deferred charges and accrued income | 490/1 | €115,398 | €9,688 | -€105,711 | -91.6% |
| Total equity and liabilities | 10/49 | €3,969,016 | €3,359,771 | -€609,244 | -15.4% |
| Equity | 10/15 | -€96,462 | -€474,708 | -€378,246 | -392.1% |
| Contributions | 10/11 | €105,600 | €105,600 | = | 0.0% |
| Capital | 10 | €105,600 | €105,600 | = | 0.0% |
| Issued capital | 100 | €105,600 | €105,600 | = | 0.0% |
| Reserves | 13 | €18,118 | €18,118 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,118 | €18,118 | = | 0.0% |
| Legal reserve | 130 | €18,118 | €18,118 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€395,563 | -€759,596 | -€364,032 | -92.0% |
| Investment grants | 15 | €175,383 | €161,170 | -€14,214 | -8.1% |
| Amounts payable | 17/49 | €4,065,478 | €3,834,480 | -€230,998 | -5.7% |
| Amounts payable after more than one year | 17 | €1,126,761 | €936,063 | -€190,698 | -16.9% |
| Financial debts | 170/4 | €1,126,761 | €936,063 | -€190,698 | -16.9% |
| Amounts payable within one year | 42/48 | €2,890,829 | €2,777,952 | -€112,877 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €218,016 | €190,180 | -€27,836 | -12.8% |
| Financial debts | 43 | €586,883 | €407,974 | -€178,908 | -30.5% |
| Credit institutions | 430/8 | €586,883 | €407,974 | -€178,908 | -30.5% |
| Trade debts | 44 | €1,059,634 | €875,104 | -€184,530 | -17.4% |
| Suppliers | 440/4 | €1,059,634 | €875,104 | -€184,530 | -17.4% |
| Advances received on contracts in progress | 46 | €45,376 | €376 | -€45,000 | -99.2% |
| Taxes, remuneration and social security | 45 | €312,955 | €711,025 | +€398,069 | +127.2% |
| Taxes | 450/3 | €166,864 | €333,150 | +€166,286 | +99.7% |
| Remuneration and social security | 454/9 | €146,091 | €377,875 | +€231,784 | +158.7% |
| Other amounts payable | 47/48 | €667,965 | €593,292 | -€74,673 | -11.2% |
| Accrued charges and deferred income | 492/3 | €47,888 | €120,465 | +€72,577 | +151.6% |
| Remuneration, social security and pensions | 62 | €1,086,469 | €1,019,758 | -€66,711 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,220 | €84,027 | -€142,194 | -62.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €2,178 | +€2,178 | |
| Other operating charges | 640/8 | €65,709 | €45,643 | -€20,067 | -30.5% |
| Non-recurring operating charges | 66A | - | €10,660 | +€10,660 | |
| Gross operating margin | 9900 | €919,925 | €985,734 | +€65,810 | +7.2% |
| Operating profit (loss) | 9901 | -€458,474 | -€176,531 | +€281,943 | +61.5% |
| Financial income | 75/76B | €20,195 | €22,060 | +€1,865 | +9.2% |
| Recurring financial income | 75 | €19,947 | €15,269 | -€4,679 | -23.5% |
| Non-recurring financial income | 76B | €248 | €6,791 | +€6,543 | +2639.2% |
| Financial charges | 65/66B | €194,787 | €208,575 | +€13,788 | +7.1% |
| Recurring financial charges | 65 | €189,160 | €208,575 | +€19,415 | +10.3% |
| Non-recurring financial charges | 66B | €5,627 | €0 | -€5,627 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€633,066 | -€363,047 | +€270,020 | +42.7% |
| Income taxes | 67/77 | €2,501 | €986 | -€1,515 | -60.6% |
| Profit (loss) for the period | 9904 | -€635,567 | -€364,032 | +€271,534 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€635,567 | -€364,032 | +€271,534 | +42.7% |
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 29 September 2026 via checked.be.