WATIKZAG: 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.
WATIKZAG
Largest movements
- Cash -€28,129
down €28,129 (-90.8%), from €30,983 to €2,854
mainly Net result for the year (-€25,460) and Debts after one year (-€9,270)
- Tangible fixed assets -€13,082
down €13,082 (-9.0%), from €145,529 to €132,446
of which Other tangible fixed assets: -€12,827
- Receivables within one year -€2,295
down €2,295 (-7.6%), from €30,349 to €28,054
of which Trade receivables: -€5,337
- Profit (loss) carried forward -€25,460
down €25,460 (-45.8%), from €55,621 to €30,162
- Debts after one year -€9,270
down €9,270 (-8.1%), from €115,029 to €105,759
- Trade debts -€6,253
down €6,253 (-52.5%), from €11,916 to €5,664
- Tax, wage and social debts -€2,740
no longer reported in 2025 (was €2,740)
- Gross operating margin -€40,404
down €40,404, from €32,424 to -€7,980
- Other operating charges -€691
down €691 (-53.1%), from €1,300 to €610
- Financial charges -€398
down €398 (-9.5%), from €4,188 to €3,790
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 | €206,860 | €163,354 | -€43,506 | -21.0% |
| Fixed assets | 21/28 | €145,529 | €132,446 | -€13,082 | -9.0% |
| Tangible fixed assets | 22/27 | €145,529 | €132,446 | -€13,082 | -9.0% |
| Plant, machinery and equipment | 23 | €255 | - | -€255 | |
| Other tangible fixed assets | 26 | €145,273 | €132,446 | -€12,827 | -8.8% |
| Current assets | 29/58 | €61,331 | €30,907 | -€30,424 | -49.6% |
| Amounts receivable within one year | 40/41 | €30,349 | €28,054 | -€2,295 | -7.6% |
| Trade receivables | 40 | €17,008 | €11,671 | -€5,337 | -31.4% |
| Other amounts receivable | 41 | €13,341 | €16,383 | +€3,041 | +22.8% |
| Cash at bank and in hand | 54/58 | €30,983 | €2,854 | -€28,129 | -90.8% |
| Total equity and liabilities | 10/49 | €206,860 | €163,354 | -€43,506 | -21.0% |
| Equity | 10/15 | €68,121 | €42,662 | -€25,460 | -37.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,621 | €30,162 | -€25,460 | -45.8% |
| Amounts payable | 17/49 | €138,739 | €120,692 | -€18,047 | -13.0% |
| Amounts payable after more than one year | 17 | €115,029 | €105,759 | -€9,270 | -8.1% |
| Financial debts | 170/4 | €115,029 | €105,759 | -€9,270 | -8.1% |
| Amounts payable within one year | 42/48 | €23,710 | €14,933 | -€8,777 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €9,054 | €9,270 | +€216 | +2.4% |
| Trade debts | 44 | €11,916 | €5,664 | -€6,253 | -52.5% |
| Suppliers | 440/4 | €11,916 | €5,664 | -€6,253 | -52.5% |
| Taxes, remuneration and social security | 45 | €2,740 | - | -€2,740 | |
| Taxes | 450/3 | €2,740 | - | -€2,740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,101 | €13,082 | -€18 | -0.1% |
| Other operating charges | 640/8 | €1,300 | €610 | -€691 | -53.1% |
| Gross operating margin | 9900 | €32,424 | -€7,980 | -€40,404 | |
| Operating profit (loss) | 9901 | €18,023 | -€21,672 | -€39,695 | |
| Financial income | 75/76B | €200 | €2 | -€198 | -99.1% |
| Recurring financial income | 75 | €200 | €2 | -€198 | -99.1% |
| Financial charges | 65/66B | €4,188 | €3,790 | -€398 | -9.5% |
| Recurring financial charges | 65 | €4,188 | €3,790 | -€398 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €14,035 | -€25,460 | -€39,495 | |
| Profit (loss) for the period | 9904 | €14,035 | -€25,460 | -€39,495 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,035 | -€25,460 | -€39,495 |
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.