Waterzooi: what changed
Waterzooi
Largest movements
- Tangible fixed assets +€102,874
up €102,874 (+130%), from €79,126 to €182,000
of which Land and buildings: +€115,575
- Cash +€9,062
up €9,062 (+119%), from €7,586 to €16,648
mainly Other debts (+€187,876) and Depreciation (+€17,792)
- Other debts +€187,876
new in 2025: €187,876
- Trade debts -€65,254
down €65,254 (-83.0%), from €78,656 to €13,402
- Profit (loss) carried forward -€8,819
down €8,819 (-181%), from -€4,876 to -€13,695
- Accrued charges and deferred income -€3,989
down €3,989 (-92.7%), from €4,302 to €313
- Tax, wage and social debts +€2,950
up €2,950 (+54.4%), from €5,426 to €8,376
of which Taxes: +€2,921
- Gross operating margin +€13,174
up €13,174 (+208%), from €6,325 to €19,498
- Other operating charges +€8,619
up €8,619 (+485%), from €1,778 to €10,397
- Depreciation +€8,187
up €8,187 (+85.2%), from €9,605 to €17,792
- Financial income -€539
down €539 (-92.6%), from €583 to €43
- Financial charges -€228
down €228 (-57.1%), from €400 to €172
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,508 | €201,272 | +€112,764 | +127% |
| Fixed assets | 21/28 | €79,126 | €182,000 | +€102,874 | +130% |
| Tangible fixed assets | 22/27 | €79,126 | €182,000 | +€102,874 | +130% |
| Land and buildings | 22 | - | €115,575 | +€115,575 | |
| Plant, machinery and equipment | 23 | €1,411 | €1,262 | -€149 | -10.6% |
| Furniture and vehicles | 24 | €77,715 | €65,163 | -€12,552 | -16.2% |
| Current assets | 29/58 | €9,382 | €19,272 | +€9,890 | +105% |
| Amounts receivable within one year | 40/41 | €1,796 | €2,212 | +€416 | +23.1% |
| Trade receivables | 40 | €965 | €1,856 | +€890 | +92.2% |
| Other amounts receivable | 41 | €831 | €356 | -€475 | -57.1% |
| Cash at bank and in hand | 54/58 | €7,586 | €16,648 | +€9,062 | +119% |
| Deferred charges and accrued income | 490/1 | - | €412 | +€412 | |
| Total equity and liabilities | 10/49 | €88,508 | €201,272 | +€112,764 | +127% |
| Equity | 10/15 | €124 | -€8,695 | -€8,819 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,876 | -€13,695 | -€8,819 | -181% |
| Amounts payable | 17/49 | €88,384 | €209,967 | +€121,584 | +138% |
| Amounts payable within one year | 42/48 | €84,081 | €209,654 | +€125,572 | +149% |
| Trade debts | 44 | €78,656 | €13,402 | -€65,254 | -83.0% |
| Suppliers | 440/4 | €78,656 | €13,402 | -€65,254 | -83.0% |
| Taxes, remuneration and social security | 45 | €5,426 | €8,376 | +€2,950 | +54.4% |
| Taxes | 450/3 | €2,593 | €5,513 | +€2,921 | +113% |
| Remuneration and social security | 454/9 | €2,833 | €2,862 | +€29 | +1.0% |
| Other amounts payable | 47/48 | - | €187,876 | +€187,876 | |
| Accrued charges and deferred income | 492/3 | €4,302 | €313 | -€3,989 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,605 | €17,792 | +€8,187 | +85.2% |
| Other operating charges | 640/8 | €1,778 | €10,397 | +€8,619 | +485% |
| Gross operating margin | 9900 | €6,325 | €19,498 | +€13,174 | +208% |
| Operating profit (loss) | 9901 | -€5,059 | -€8,691 | -€3,632 | -71.8% |
| Financial income | 75/76B | €583 | €43 | -€539 | -92.6% |
| Recurring financial income | 75 | €583 | €43 | -€539 | -92.6% |
| Financial charges | 65/66B | €400 | €172 | -€228 | -57.1% |
| Recurring financial charges | 65 | €400 | €172 | -€228 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,876 | -€8,819 | -€3,943 | -80.9% |
| Profit (loss) for the period | 9904 | -€4,876 | -€8,819 | -€3,943 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,876 | -€8,819 | -€3,943 | -80.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.