Waterunie: 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.
Waterunie
Largest movements
- Tangible fixed assets +€4.6m
new in 2025: €4.6m
of which Plant, machinery and equipment: +€2.8m
- Intangible fixed assets +€573,196
up €573,196 (+98.2%), from €583,928 to €1.2m
- Receivables within one year +€151,796
up €151,796 (+207%), from €73,195 to €224,991
of which Trade receivables: +€152,278
- Cash +€64,679
up €64,679 (+67.9%), from €95,295 to €159,974
- Trade debts +€3.0m
up €3.0m (+1,546%), from €196,889 to €3.2m
- Investment grants +€2.1m
new in 2025: €2.1m
- Other debts +€191,813
up €191,813 (+38.8%), from €494,029 to €685,842
- Turnover +€152,278
up €152,278 (+209%), from €72,707 to €224,984
- Depreciation +€146,535
up €146,535 (+293%), from €49,930 to €196,465
- Services and other goods +€5,811
up €5,811 (+26.4%), from €21,971 to €27,783
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €752,417 | €6,127,878 | +€5.4m | +714% |
| Fixed assets | 21/28 | €583,928 | €5,742,914 | +€5.2m | +883% |
| Intangible fixed assets | 21 | €583,928 | €1,157,124 | +€573,196 | +98.2% |
| Tangible fixed assets | 22/27 | - | €4,585,790 | +€4.6m | |
| Land and buildings | 22 | - | €1,834,316 | +€1.8m | |
| Plant, machinery and equipment | 23 | - | €2,751,474 | +€2.8m | |
| Current assets | 29/58 | €168,489 | €384,964 | +€216,475 | +128% |
| Amounts receivable within one year | 40/41 | €73,195 | €224,991 | +€151,796 | +207% |
| Trade receivables | 40 | €72,707 | €224,984 | +€152,278 | +209% |
| Other amounts receivable | 41 | €488 | €6 | -€481 | -98.7% |
| Cash at bank and in hand | 54/58 | €95,295 | €159,974 | +€64,679 | +67.9% |
| Total equity and liabilities | 10/49 | €752,417 | €6,127,878 | +€5.4m | +714% |
| Equity | 10/15 | €61,500 | €2,201,187 | +€2.1m | +3,479% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Investment grants | 15 | - | €2,139,687 | +€2.1m | |
| Amounts payable | 17/49 | €690,917 | €3,926,691 | +€3.2m | +468% |
| Amounts payable within one year | 42/48 | €690,917 | €3,926,691 | +€3.2m | +468% |
| Trade debts | 44 | €196,889 | €3,240,849 | +€3.0m | +1,546% |
| Suppliers | 440/4 | €196,889 | €3,240,849 | +€3.0m | +1,546% |
| Other amounts payable | 47/48 | €494,029 | €685,842 | +€191,813 | +38.8% |
| Operating income | 70/76A | €72,707 | €224,984 | +€152,278 | +209% |
| Turnover | 70 | €72,707 | €224,984 | +€152,278 | +209% |
| Operating charges | 60/66A | €72,427 | €224,804 | +€152,378 | +210% |
| Services and other goods | 61 | €21,971 | €27,783 | +€5,811 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,930 | €196,465 | +€146,535 | +293% |
| Other operating charges | 640/8 | €525 | €557 | +€32 | +6.0% |
| Operating profit (loss) | 9901 | €280 | €180 | -€100 | -35.7% |
| Financial charges | 65/66B | €280 | €180 | -€100 | -35.7% |
| Recurring financial charges | 65 | €280 | €180 | -€100 | -35.7% |
| Other financial charges | 652/9 | €280 | €180 | -€100 | -35.7% |
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 30 October 2026 via checked.be.