Watlet Kevin: 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 Kevin
Largest movements
- Tangible fixed assets +€13,009
up €13,009 (+62.0%), from €20,976 to €33,985
of which Furniture and vehicles: +€13,980
- Cash +€9,595
up €9,595 (+12.5%), from €77,025 to €86,620
mainly Depreciation (+€15,031) and Net result for the year (+€10,847)
- Receivables within one year +€6,089
up €6,089 (+53.2%), from €11,441 to €17,530
of which Other amounts receivable: +€8,558
- Stocks and contracts -€2,000
down €2,000 (-16.7%), from €12,000 to €10,000
- Debts after one year +€10,111
up €10,111 (+103%), from €9,780 to €19,890
- Reserves +€8,000
up €8,000 (+35.6%), from €22,500 to €30,500
- Trade debts +€4,327
up €4,327 (+1,129%), from €383 to €4,710
- Profit (loss) carried forward +€2,847
up €2,847 (+3.8%), from €74,463 to €77,309
- Other debts +€2,446
up €2,446 (+69.0%), from €3,542 to €5,988
- Gross operating margin +€8,153
up €8,153 (+11.0%), from €73,785 to €81,938
- Other operating charges -€2,031
down €2,031 (-50.9%), from €3,991 to €1,960
- Taxes +€1,734
up €1,734 (+49.4%), from €3,509 to €5,243
- Staff costs +€975
up €975 (+2.1%), from €46,708 to €47,684
- Depreciation +€920
up €920 (+6.5%), from €14,111 to €15,031
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 | €121,443 | €148,135 | +€26,692 | +22.0% |
| Fixed assets | 21/28 | €20,976 | €33,985 | +€13,009 | +62.0% |
| Tangible fixed assets | 22/27 | €20,976 | €33,985 | +€13,009 | +62.0% |
| Plant, machinery and equipment | 23 | €1,649 | €677 | -€972 | -58.9% |
| Furniture and vehicles | 24 | €19,327 | €33,308 | +€13,980 | +72.3% |
| Current assets | 29/58 | €100,466 | €114,150 | +€13,684 | +13.6% |
| Stocks and contracts in progress | 3 | €12,000 | €10,000 | -€2,000 | -16.7% |
| Stocks | 30/36 | €12,000 | €10,000 | -€2,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €11,441 | €17,530 | +€6,089 | +53.2% |
| Trade receivables | 40 | €2,469 | - | -€2,469 | |
| Other amounts receivable | 41 | €8,972 | €17,530 | +€8,558 | +95.4% |
| Cash at bank and in hand | 54/58 | €77,025 | €86,620 | +€9,595 | +12.5% |
| Total equity and liabilities | 10/49 | €121,443 | €148,135 | +€26,692 | +22.0% |
| Equity | 10/15 | €98,963 | €109,809 | +€10,847 | +11.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €22,500 | €30,500 | +€8,000 | +35.6% |
| Distributable reserves | 133 | €22,500 | €30,500 | +€8,000 | +35.6% |
| Profit (loss) carried forward | 14 | €74,463 | €77,309 | +€2,847 | +3.8% |
| Amounts payable | 17/49 | €22,480 | €38,325 | +€15,845 | +70.5% |
| Amounts payable after more than one year | 17 | €9,780 | €19,890 | +€10,111 | +103% |
| Financial debts | 170/4 | €9,780 | €19,890 | +€10,111 | +103% |
| Amounts payable within one year | 42/48 | €12,700 | €18,435 | +€5,734 | +45.2% |
| Current portion of amounts payable after more than one year | 42 | €7,675 | €7,737 | +€62 | +0.8% |
| Trade debts | 44 | €383 | €4,710 | +€4,327 | +1,129% |
| Suppliers | 440/4 | €383 | €4,710 | +€4,327 | +1,129% |
| Taxes, remuneration and social security | 45 | €1,100 | - | -€1,100 | |
| Taxes | 450/3 | €1,100 | - | -€1,100 | |
| Other amounts payable | 47/48 | €3,542 | €5,988 | +€2,446 | +69.0% |
| Remuneration, social security and pensions | 62 | €46,708 | €47,684 | +€975 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,111 | €15,031 | +€920 | +6.5% |
| Other operating charges | 640/8 | €3,991 | €1,960 | -€2,031 | -50.9% |
| Non-recurring operating charges | 66A | €258 | €442 | +€184 | +71.3% |
| Gross operating margin | 9900 | €73,785 | €81,938 | +€8,153 | +11.0% |
| Operating profit (loss) | 9901 | €8,717 | €16,822 | +€8,105 | +93.0% |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €705 | €790 | +€85 | +12.1% |
| Recurring financial charges | 65 | €705 | €790 | +€85 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €8,011 | €16,090 | +€8,078 | +101% |
| Income taxes | 67/77 | €3,509 | €5,243 | +€1,734 | +49.4% |
| Profit (loss) for the period | 9904 | €4,502 | €10,847 | +€6,345 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €4,502 | €10,847 | +€6,345 | +141% |
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 26 October 2026 via checked.be.