WATNAWA: 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.
WATNAWA
Largest movements
- Tangible fixed assets -€9,987
down €9,987 (-4.0%), from €252,286 to €242,299
- Cash +€9,013
up €9,013 (+12.6%), from €71,307 to €80,321
mainly Net result for the year (+€59,873) and Depreciation (+€9,987)
- Other debts -€60,000
down €60,000 (-48.2%), from €124,451 to €64,451
- Reserves +€59,873
up €59,873 (+35.7%), from €167,697 to €227,570
- Other operating charges -€10,641
down €10,641 (-96.4%), from €11,041 to €400
- Gross operating margin -€8,986
down €8,986 (-8.3%), from €108,223 to €99,237
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 | €323,994 | €325,786 | +€1,792 | +0.6% |
| Fixed assets | 21/28 | €252,286 | €242,299 | -€9,987 | -4.0% |
| Tangible fixed assets | 22/27 | €252,286 | €242,299 | -€9,987 | -4.0% |
| Land and buildings | 22 | €252,286 | €242,299 | -€9,987 | -4.0% |
| Current assets | 29/58 | €71,708 | €83,487 | +€11,779 | +16.4% |
| Amounts receivable within one year | 40/41 | €401 | €3,046 | +€2,646 | +660% |
| Other amounts receivable | 41 | €401 | €3,046 | +€2,646 | +660% |
| Cash at bank and in hand | 54/58 | €71,307 | €80,321 | +€9,013 | +12.6% |
| Deferred charges and accrued income | 490/1 | - | €120 | +€120 | |
| Total equity and liabilities | 10/49 | €323,994 | €325,786 | +€1,792 | +0.6% |
| Equity | 10/15 | €187,924 | €247,798 | +€59,873 | +31.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €167,697 | €227,570 | +€59,873 | +35.7% |
| Distributable reserves | 133 | €167,697 | €227,570 | +€59,873 | +35.7% |
| Profit (loss) carried forward | 14 | €228 | €228 | = | 0.0% |
| Amounts payable | 17/49 | €136,069 | €77,988 | -€58,082 | -42.7% |
| Amounts payable within one year | 42/48 | €136,069 | €77,988 | -€58,082 | -42.7% |
| Taxes, remuneration and social security | 45 | €11,618 | €13,537 | +€1,918 | +16.5% |
| Taxes | 450/3 | €11,618 | €13,537 | +€1,918 | +16.5% |
| Other amounts payable | 47/48 | €124,451 | €64,451 | -€60,000 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,987 | €9,987 | = | 0.0% |
| Other operating charges | 640/8 | €11,041 | €400 | -€10,641 | -96.4% |
| Gross operating margin | 9900 | €108,223 | €99,237 | -€8,986 | -8.3% |
| Operating profit (loss) | 9901 | €87,195 | €88,850 | +€1,655 | +1.9% |
| Financial charges | 65/66B | €808 | €1,036 | +€228 | +28.2% |
| Recurring financial charges | 65 | €808 | €1,036 | +€228 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €86,387 | €87,814 | +€1,427 | +1.7% |
| Income taxes | 67/77 | €26,861 | €27,941 | +€1,080 | +4.0% |
| Profit (loss) for the period | 9904 | €59,527 | €59,873 | +€347 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,527 | €59,873 | +€347 | +0.6% |
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.