Wathion & Partners: 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.
Wathion & Partners
Largest movements
- Cash +€113,007
up €113,007 (+86.1%), from €131,311 to €244,318
mainly Net result for the year (+€130,768) and Tax, wage and social debts (+€16,359)
- Receivables within one year +€39,081
up €39,081 (+58.3%), from €67,069 to €106,150
of which Trade receivables: +€24,472
- Tangible fixed assets -€4,194
down €4,194 (-7.8%), from €53,633 to €49,439
of which Other tangible fixed assets: -€5,384
- Reserves +€130,768
up €130,768 (+91.7%), from €142,535 to €273,303
- Tax, wage and social debts +€16,359
up €16,359 (+36.0%), from €45,445 to €61,804
of which Taxes: +€15,776
- Staff costs +€17,503
new in 2025: €17,503
- Gross operating margin +€6,836
up €6,836 (+3.7%), from €187,175 to €194,011
- Depreciation +€5,467
up €5,467 (+481%), from €1,137 to €6,604
- Taxes -€3,395
down €3,395 (-7.9%), from €42,745 to €39,350
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 | €253,492 | €401,814 | +€148,322 | +58.5% |
| Fixed assets | 21/28 | €54,851 | €49,941 | -€4,910 | -9.0% |
| Intangible fixed assets | 21 | €1,218 | €502 | -€716 | -58.8% |
| Tangible fixed assets | 22/27 | €53,633 | €49,439 | -€4,194 | -7.8% |
| Furniture and vehicles | 24 | - | €1,190 | +€1,190 | |
| Other tangible fixed assets | 26 | €53,633 | €48,249 | -€5,384 | -10.0% |
| Current assets | 29/58 | €198,641 | €351,873 | +€153,231 | +77.1% |
| Amounts receivable within one year | 40/41 | €67,069 | €106,150 | +€39,081 | +58.3% |
| Trade receivables | 40 | €63,732 | €88,204 | +€24,472 | +38.4% |
| Other amounts receivable | 41 | €3,338 | €17,947 | +€14,609 | +438% |
| Cash at bank and in hand | 54/58 | €131,311 | €244,318 | +€113,007 | +86.1% |
| Deferred charges and accrued income | 490/1 | €261 | €1,404 | +€1,143 | +439% |
| Total equity and liabilities | 10/49 | €253,492 | €401,814 | +€148,322 | +58.5% |
| Equity | 10/15 | €167,535 | €298,303 | +€130,768 | +78.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €142,535 | €273,303 | +€130,768 | +91.7% |
| Distributable reserves | 133 | €142,535 | €273,303 | +€130,768 | +91.7% |
| Amounts payable | 17/49 | €85,957 | €103,511 | +€17,554 | +20.4% |
| Amounts payable within one year | 42/48 | €85,957 | €103,511 | +€17,554 | +20.4% |
| Financial debts | 43 | €93 | €299 | +€206 | +221% |
| Credit institutions | 430/8 | €93 | €299 | +€206 | +221% |
| Trade debts | 44 | €39,260 | €41,408 | +€2,148 | +5.5% |
| Suppliers | 440/4 | €39,260 | €41,408 | +€2,148 | +5.5% |
| Taxes, remuneration and social security | 45 | €45,445 | €61,804 | +€16,359 | +36.0% |
| Taxes | 450/3 | €45,445 | €61,221 | +€15,776 | +34.7% |
| Remuneration and social security | 454/9 | - | €583 | +€583 | |
| Other amounts payable | 47/48 | €1,159 | €0 | -€1,159 | -100% |
| Remuneration, social security and pensions | 62 | - | €17,503 | +€17,503 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,137 | €6,604 | +€5,467 | +481% |
| Other operating charges | 640/8 | €597 | €250 | -€347 | -58.1% |
| Gross operating margin | 9900 | €187,175 | €194,011 | +€6,836 | +3.7% |
| Operating profit (loss) | 9901 | €185,441 | €169,654 | -€15,787 | -8.5% |
| Financial income | 75/76B | €1 | €629 | +€628 | +71,330% |
| Recurring financial income | 75 | €1 | €629 | +€628 | +71,330% |
| Financial charges | 65/66B | €163 | €165 | +€2 | +1.5% |
| Recurring financial charges | 65 | €163 | €165 | +€2 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €185,280 | €170,118 | -€15,162 | -8.2% |
| Income taxes | 67/77 | €42,745 | €39,350 | -€3,395 | -7.9% |
| Profit (loss) for the period | 9904 | €142,535 | €130,768 | -€11,767 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €142,535 | €130,768 | -€11,767 | -8.3% |
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 19 October 2026 via checked.be.