WATERVILLE - PROPERTIES: 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.
WATERVILLE - PROPERTIES
Largest movements
- Current investments +€94,993
up €94,993 (+10.0%), from €946,003 to €1.0m
- Cash -€54,616
down €54,616 (-28.2%), from €193,491 to €138,874
mainly Current investments (-€94,993) and Investment in fixed assets (net) (-€829)
- Receivables within one year -€26,093
down €26,093 (-3.7%), from €705,826 to €679,734
- Profit (loss) carried forward +€78,460
up €78,460 (+8.7%), from -€902,969 to -€824,508
- Reserves -€65,121
down €65,121 (-100%), from €65,121 to €0
of which Distributable reserves: -€41,325
- Financial income -€9,154
down €9,154 (-40.3%), from €22,728 to €13,574
- Gross operating margin -€1,872
down €1,872 (-16.3%), from €11,458 to €9,586
- Financial charges +€1,359
up €1,359 (+49.2%), from €2,765 to €4,124
- Depreciation -€1,245
down €1,245 (-34.2%), from €3,645 to €2,400
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 | €2,562,960 | €2,575,719 | +€12,759 | +0.5% |
| Fixed assets | 21/28 | €717,640 | €716,070 | -€1,571 | -0.2% |
| Tangible fixed assets | 22/27 | €717,640 | €716,070 | -€1,571 | -0.2% |
| Land and buildings | 22 | €713,899 | €712,926 | -€973 | -0.1% |
| Plant, machinery and equipment | 23 | €3,048 | €2,286 | -€762 | -25.0% |
| Furniture and vehicles | 24 | €693 | €857 | +€165 | +23.7% |
| Current assets | 29/58 | €1,845,320 | €1,859,650 | +€14,330 | +0.8% |
| Amounts receivable within one year | 40/41 | €705,826 | €679,734 | -€26,093 | -3.7% |
| Other amounts receivable | 41 | €705,826 | €679,734 | -€26,093 | -3.7% |
| Current investments | 50/53 | €946,003 | €1,040,996 | +€94,993 | +10.0% |
| Cash at bank and in hand | 54/58 | €193,491 | €138,874 | -€54,616 | -28.2% |
| Deferred charges and accrued income | 490/1 | - | €46 | +€46 | |
| Total equity and liabilities | 10/49 | €2,562,960 | €2,575,719 | +€12,759 | +0.5% |
| Equity | 10/15 | €2,562,152 | €2,575,492 | +€13,340 | +0.5% |
| Contributions | 10/11 | €3,400,000 | €3,400,000 | = | 0.0% |
| Capital | 10 | €3,400,000 | €3,400,000 | = | 0.0% |
| Issued capital | 100 | €3,400,000 | €3,400,000 | = | 0.0% |
| Reserves | 13 | €65,121 | €0 | -€65,121 | -100% |
| Non-distributable reserves | 130/1 | €23,796 | €0 | -€23,796 | -100% |
| Legal reserve | 130 | €620 | €0 | -€620 | -100% |
| Reserves not available under the articles | 1311 | €23,176 | €0 | -€23,176 | -100% |
| Distributable reserves | 133 | €41,325 | €0 | -€41,325 | -100% |
| Profit (loss) carried forward | 14 | -€902,969 | -€824,508 | +€78,460 | +8.7% |
| Amounts payable | 17/49 | €808 | €228 | -€580 | -71.8% |
| Amounts payable within one year | 42/48 | €808 | €228 | -€580 | -71.8% |
| Trade debts | 44 | €87 | €0 | -€87 | -100% |
| Suppliers | 440/4 | €87 | €0 | -€87 | -100% |
| Other amounts payable | 47/48 | €721 | €228 | -€493 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,645 | €2,400 | -€1,245 | -34.2% |
| Other operating charges | 640/8 | €3,189 | €3,297 | +€108 | +3.4% |
| Gross operating margin | 9900 | €11,458 | €9,586 | -€1,872 | -16.3% |
| Operating profit (loss) | 9901 | €4,624 | €3,889 | -€734 | -15.9% |
| Financial income | 75/76B | €22,728 | €13,574 | -€9,154 | -40.3% |
| Recurring financial income | 75 | €22,728 | €13,574 | -€9,154 | -40.3% |
| Financial charges | 65/66B | €2,765 | €4,124 | +€1,359 | +49.2% |
| Recurring financial charges | 65 | €2,765 | €4,124 | +€1,359 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €24,587 | €13,340 | -€11,247 | -45.7% |
| Income taxes | 67/77 | €113 | €0 | -€113 | -100% |
| Profit (loss) for the period | 9904 | €24,474 | €13,340 | -€11,135 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,474 | €13,340 | -€11,135 | -45.5% |
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 14 October 2026 via checked.be.