WATIMO: 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.
WATIMO
Largest movements
- Current investments +€253,465
up €253,465 (+692.9%), from €36,580 to €290,044
- Cash -€132,461
down €132,461 (-43.3%), from €305,792 to €173,332
mainly Current investments (-€253,465) and Contributions, distributions and other (-€100,000)
- Receivables within one year -€99,070
down €99,070 (-9.3%), from €1.1m to €966,320
of which Trade receivables: -€111,301
- Reserves +€51,702
up €51,702 (+2.9%), from €1.8m to €1.8m
of which Distributable reserves: +€51,702
- Tax, wage and social debts -€42,062
down €42,062 (-66.9%), from €62,870 to €20,808
- Depreciation +€12,823
up €12,823 (+167.9%), from €7,637 to €20,461
- Gross operating margin +€3,411
up €3,411 (+1.4%), from €238,878 to €242,288
- Taxes -€2,989
down €2,989 (-4.0%), from €74,992 to €72,002
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 | €3,202,110 | €3,204,907 | +€2,797 | +0.1% |
| Fixed assets | 21/28 | €1,793,070 | €1,772,609 | -€20,461 | -1.1% |
| Tangible fixed assets | 22/27 | €51,711 | €31,251 | -€20,461 | -39.6% |
| Furniture and vehicles | 24 | €51,711 | €31,251 | -€20,461 | -39.6% |
| Financial fixed assets | 28 | €1,741,359 | €1,741,359 | = | 0.0% |
| Current assets | 29/58 | €1,409,040 | €1,432,298 | +€23,258 | +1.7% |
| Amounts receivable within one year | 40/41 | €1,065,390 | €966,320 | -€99,070 | -9.3% |
| Trade receivables | 40 | €165,751 | €54,450 | -€111,301 | -67.1% |
| Other amounts receivable | 41 | €899,639 | €911,870 | +€12,231 | +1.4% |
| Current investments | 50/53 | €36,580 | €290,044 | +€253,465 | +692.9% |
| Cash at bank and in hand | 54/58 | €305,792 | €173,332 | -€132,461 | -43.3% |
| Deferred charges and accrued income | 490/1 | €1,278 | €2,601 | +€1,323 | +103.5% |
| Total equity and liabilities | 10/49 | €3,202,110 | €3,204,907 | +€2,797 | +0.1% |
| Equity | 10/15 | €2,988,451 | €3,040,153 | +€51,702 | +1.7% |
| Contributions | 10/11 | €694,975 | €694,975 | = | 0.0% |
| Capital | 10 | €694,975 | €694,975 | = | 0.0% |
| Issued capital | 100 | €707,375 | €707,375 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,788,366 | €1,840,068 | +€51,702 | +2.9% |
| Non-distributable reserves | 130/1 | €70,738 | €70,738 | = | 0.0% |
| Legal reserve | 130 | €70,738 | €70,738 | = | 0.0% |
| Distributable reserves | 133 | €1,717,628 | €1,769,330 | +€51,702 | +3.0% |
| Profit (loss) carried forward | 14 | €505,111 | €505,111 | = | 0.0% |
| Amounts payable | 17/49 | €213,659 | €164,754 | -€48,905 | -22.9% |
| Amounts payable within one year | 42/48 | €213,659 | €164,754 | -€48,905 | -22.9% |
| Trade debts | 44 | €2,501 | €2,706 | +€204 | +8.2% |
| Suppliers | 440/4 | €2,501 | €2,706 | +€204 | +8.2% |
| Taxes, remuneration and social security | 45 | €62,870 | €20,808 | -€42,062 | -66.9% |
| Taxes | 450/3 | €62,870 | €20,808 | -€42,062 | -66.9% |
| Other amounts payable | 47/48 | €148,287 | €141,240 | -€7,047 | -4.8% |
| Non-recurring operating income | 76A | €100 | €0 | -€100 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,637 | €20,461 | +€12,823 | +167.9% |
| Other operating charges | 640/8 | €1,738 | €1,597 | -€142 | -8.1% |
| Gross operating margin | 9900 | €238,878 | €242,288 | +€3,411 | +1.4% |
| Operating profit (loss) | 9901 | €229,502 | €220,231 | -€9,271 | -4.0% |
| Financial income | 75/76B | €4,683 | €3,645 | -€1,039 | -22.2% |
| Recurring financial income | 75 | €4,683 | €3,645 | -€1,039 | -22.2% |
| Financial charges | 65/66B | €174 | €171 | -€2 | -1.3% |
| Recurring financial charges | 65 | €174 | €171 | -€2 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €234,012 | €223,704 | -€10,308 | -4.4% |
| Income taxes | 67/77 | €74,992 | €72,002 | -€2,989 | -4.0% |
| Profit (loss) for the period | 9904 | €159,020 | €151,702 | -€7,318 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €159,020 | €151,702 | -€7,318 | -4.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.