watlet.be: 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.
watlet.be
Largest movements
- Receivables within one year +€27,659
up €27,659 (+42.7%), from €64,699 to €92,358
of which Trade receivables: +€24,295
- Cash -€14,791
down €14,791 (-55.0%), from €26,915 to €12,124
mainly Investment in fixed assets (net) (-€37,169) and Receivables within one year (-€27,659)
- Tangible fixed assets +€9,574
up €9,574 (+8.0%), from €119,787 to €129,361
of which Plant, machinery and equipment: +€29,944
- Deferred charges and accrued income +€3,745
new in 2025: €3,745
- Trade debts +€12,168
up €12,168 (+306.9%), from €3,965 to €16,133
- Other debts +€12,066
up €12,066 (+31.0%), from €38,948 to €51,014
- Profit (loss) carried forward +€10,759
up €10,759 (+27.4%), from €39,239 to €49,998
- Debts after one year -€5,743
down €5,743 (-7.7%), from €74,986 to €69,243
- Tax, wage and social debts -€3,119
down €3,119 (-35.1%), from €8,897 to €5,778
of which Remuneration and social security: -€2,274
- Staff costs -€47,693
down €47,693 (-22.0%), from €216,481 to €168,788
- Gross operating margin -€42,642
down €42,642 (-16.5%), from €258,677 to €216,035
- Depreciation +€3,608
up €3,608 (+15.0%), from €23,987 to €27,595
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 | €211,401 | €237,589 | +€26,187 | +12.4% |
| Fixed assets | 21/28 | €119,787 | €129,361 | +€9,574 | +8.0% |
| Tangible fixed assets | 22/27 | €119,787 | €129,361 | +€9,574 | +8.0% |
| Land and buildings | 22 | €72,515 | €64,748 | -€7,767 | -10.7% |
| Plant, machinery and equipment | 23 | €8,204 | €38,148 | +€29,944 | +365.0% |
| Furniture and vehicles | 24 | €39,068 | €26,466 | -€12,602 | -32.3% |
| Current assets | 29/58 | €91,614 | €108,227 | +€16,613 | +18.1% |
| Amounts receivable within one year | 40/41 | €64,699 | €92,358 | +€27,659 | +42.7% |
| Trade receivables | 40 | €52,658 | €76,953 | +€24,295 | +46.1% |
| Other amounts receivable | 41 | €12,041 | €15,405 | +€3,364 | +27.9% |
| Cash at bank and in hand | 54/58 | €26,915 | €12,124 | -€14,791 | -55.0% |
| Deferred charges and accrued income | 490/1 | - | €3,745 | +€3,745 | |
| Total equity and liabilities | 10/49 | €211,401 | €237,589 | +€26,187 | +12.4% |
| Equity | 10/15 | €59,699 | €70,458 | +€10,759 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,239 | €49,998 | +€10,759 | +27.4% |
| Amounts payable | 17/49 | €151,702 | €167,130 | +€15,428 | +10.2% |
| Amounts payable after more than one year | 17 | €74,986 | €69,243 | -€5,743 | -7.7% |
| Financial debts | 170/4 | €74,986 | €69,243 | -€5,743 | -7.7% |
| Amounts payable within one year | 42/48 | €76,716 | €97,887 | +€21,171 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €24,907 | €24,963 | +€56 | +0.2% |
| Trade debts | 44 | €3,965 | €16,133 | +€12,168 | +306.9% |
| Suppliers | 440/4 | €3,965 | €16,133 | +€12,168 | +306.9% |
| Taxes, remuneration and social security | 45 | €8,897 | €5,778 | -€3,119 | -35.1% |
| Taxes | 450/3 | €871 | €26 | -€845 | -97.0% |
| Remuneration and social security | 454/9 | €8,025 | €5,751 | -€2,274 | -28.3% |
| Other amounts payable | 47/48 | €38,948 | €51,014 | +€12,066 | +31.0% |
| Remuneration, social security and pensions | 62 | €216,481 | €168,788 | -€47,693 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,987 | €27,595 | +€3,608 | +15.0% |
| Other operating charges | 640/8 | €3,307 | €2,637 | -€670 | -20.3% |
| Gross operating margin | 9900 | €258,677 | €216,035 | -€42,642 | -16.5% |
| Operating profit (loss) | 9901 | €14,902 | €17,014 | +€2,112 | +14.2% |
| Financial income | 75/76B | €4,190 | €3,258 | -€932 | -22.2% |
| Recurring financial income | 75 | €4,190 | €3,258 | -€932 | -22.2% |
| Financial charges | 65/66B | €6,022 | €5,065 | -€957 | -15.9% |
| Recurring financial charges | 65 | €6,022 | €5,065 | -€957 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €13,070 | €15,208 | +€2,137 | +16.4% |
| Income taxes | 67/77 | €6,319 | €4,449 | -€1,871 | -29.6% |
| Profit (loss) for the period | 9904 | €6,751 | €10,759 | +€4,008 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,751 | €10,759 | +€4,008 | +59.4% |
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 11 October 2026 via checked.be.