WATIFIC: 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.
WATIFIC
Largest movements
- Cash +€73,603
up €73,603 (+5.0%), from €1.5m to €1.5m
mainly Net result for the year (+€84,292) and Tax, wage and social debts (+€21,573)
- Current investments +€60,030
new in 2025: €60,030
- Reserves +€84,250
up €84,250 (+5.6%), from €1.5m to €1.6m
- Tax, wage and social debts +€21,573
up €21,573 (+442.1%), from €4,880 to €26,453
of which Remuneration and social security: +€12,659
- Gross operating margin +€75,892
up €75,892 (+189.3%), from €40,085 to €115,977
- Taxes +€26,351
up €26,351 (+395.0%), from €6,671 to €33,022
- Financial income +€16,973
up €16,973 (+2013.5%), from €843 to €17,816
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,547,420 | €1,658,263 | +€110,843 | +7.2% |
| Fixed assets | 21/28 | €47,155 | €35,857 | -€11,299 | -24.0% |
| Tangible fixed assets | 22/27 | €47,078 | €35,779 | -€11,299 | -24.0% |
| Furniture and vehicles | 24 | €47,078 | €35,779 | -€11,299 | -24.0% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €1,500,265 | €1,622,406 | +€122,141 | +8.1% |
| Amounts receivable within one year | 40/41 | €29,845 | €17,074 | -€12,771 | -42.8% |
| Trade receivables | 40 | €15,547 | €16,114 | +€567 | +3.6% |
| Other amounts receivable | 41 | €14,298 | €960 | -€13,338 | -93.3% |
| Current investments | 50/53 | - | €60,030 | +€60,030 | |
| Cash at bank and in hand | 54/58 | €1,468,313 | €1,541,916 | +€73,603 | +5.0% |
| Deferred charges and accrued income | 490/1 | €2,107 | €3,386 | +€1,279 | +60.7% |
| Total equity and liabilities | 10/49 | €1,547,420 | €1,658,263 | +€110,843 | +7.2% |
| Equity | 10/15 | €1,534,994 | €1,619,286 | +€84,292 | +5.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,516,305 | €1,600,555 | +€84,250 | +5.6% |
| Distributable reserves | 133 | €1,516,305 | €1,600,555 | +€84,250 | +5.6% |
| Profit (loss) carried forward | 14 | €139 | €181 | +€42 | +30.4% |
| Amounts payable | 17/49 | €12,426 | €38,977 | +€26,551 | +213.7% |
| Amounts payable within one year | 42/48 | €12,426 | €38,977 | +€26,551 | +213.7% |
| Trade debts | 44 | €2,126 | €2,572 | +€445 | +21.0% |
| Suppliers | 440/4 | €2,126 | €2,572 | +€445 | +21.0% |
| Taxes, remuneration and social security | 45 | €4,880 | €26,453 | +€21,573 | +442.1% |
| Taxes | 450/3 | - | €8,914 | +€8,914 | |
| Remuneration and social security | 454/9 | €4,880 | €17,539 | +€12,659 | +259.4% |
| Other amounts payable | 47/48 | €5,420 | €9,952 | +€4,532 | +83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,526 | €13,516 | -€10 | -0.1% |
| Other operating charges | 640/8 | €1,879 | €1,342 | -€537 | -28.6% |
| Gross operating margin | 9900 | €40,085 | €115,977 | +€75,892 | +189.3% |
| Operating profit (loss) | 9901 | €24,680 | €101,119 | +€76,440 | +309.7% |
| Financial income | 75/76B | €843 | €17,816 | +€16,973 | +2013.5% |
| Recurring financial income | 75 | €843 | €17,816 | +€16,973 | +2013.5% |
| Financial charges | 65/66B | €2,347 | €1,621 | -€726 | -30.9% |
| Recurring financial charges | 65 | €2,347 | €1,621 | -€726 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €23,176 | €117,314 | +€94,138 | +406.2% |
| Income taxes | 67/77 | €6,671 | €33,022 | +€26,351 | +395.0% |
| Profit (loss) for the period | 9904 | €16,505 | €84,292 | +€67,788 | +410.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,505 | €84,292 | +€67,788 | +410.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.