WaTo: 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.
WaTo
Largest movements
- Cash +€13,259
up €13,259 (+38.8%), from €34,215 to €47,474
mainly Net result for the year (+€22,836) and Depreciation (+€12,632)
- Tangible fixed assets -€12,632
down €12,632 (-52.1%), from €24,253 to €11,620
of which Furniture and vehicles: -€9,777
- Other debts +€1,960
up €1,960 (+4.0%), from €48,868 to €50,828
- Financial income +€2,325
up €2,325 (+11624900.0%), from €0 to €2,325
- Depreciation -€2,048
down €2,048 (-14.0%), from €14,681 to €12,632
- Other operating charges +€737
up €737 (+28.4%), from €2,592 to €3,329
- Taxes +€732
up €732 (+12.8%), from €5,701 to €6,433
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 | €152,066 | €153,827 | +€1,760 | +1.2% |
| Fixed assets | 21/28 | €24,253 | €11,620 | -€12,632 | -52.1% |
| Tangible fixed assets | 22/27 | €24,253 | €11,620 | -€12,632 | -52.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €14,296 | €4,520 | -€9,777 | -68.4% |
| Other tangible fixed assets | 26 | €9,956 | €7,100 | -€2,856 | -28.7% |
| Current assets | 29/58 | €127,814 | €142,207 | +€14,393 | +11.3% |
| Amounts receivable within one year | 40/41 | €18,599 | €19,733 | +€1,134 | +6.1% |
| Trade receivables | 40 | €16,622 | €19,733 | +€3,111 | +18.7% |
| Other amounts receivable | 41 | €1,977 | €0 | -€1,977 | -100.0% |
| Current investments | 50/53 | €75,000 | €75,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,215 | €47,474 | +€13,259 | +38.8% |
| Total equity and liabilities | 10/49 | €152,066 | €153,827 | +€1,760 | +1.2% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €133,466 | €135,227 | +€1,760 | +1.3% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,975 | €58,986 | +€2,011 | +3.5% |
| Trade debts | 44 | €653 | €1,810 | +€1,158 | +177.4% |
| Suppliers | 440/4 | €653 | €1,810 | +€1,158 | +177.4% |
| Taxes, remuneration and social security | 45 | €7,454 | €6,347 | -€1,107 | -14.9% |
| Taxes | 450/3 | €5,404 | €6,347 | +€943 | +17.4% |
| Remuneration and social security | 454/9 | €2,050 | €0 | -€2,050 | -100.0% |
| Other amounts payable | 47/48 | €48,868 | €50,828 | +€1,960 | +4.0% |
| Accrued charges and deferred income | 492/3 | €1,492 | €1,241 | -€251 | -16.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,681 | €12,632 | -€2,048 | -14.0% |
| Other operating charges | 640/8 | €2,592 | €3,329 | +€737 | +28.4% |
| Gross operating margin | 9900 | €45,524 | €45,651 | +€127 | +0.3% |
| Operating profit (loss) | 9901 | €28,251 | €29,689 | +€1,438 | +5.1% |
| Financial income | 75/76B | €0 | €2,325 | +€2,325 | +11624900.0% |
| Recurring financial income | 75 | €0 | €2,325 | +€2,325 | +11624900.0% |
| Financial charges | 65/66B | €2,988 | €2,745 | -€243 | -8.1% |
| Recurring financial charges | 65 | €2,988 | €2,745 | -€243 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €25,263 | €29,270 | +€4,006 | +15.9% |
| Income taxes | 67/77 | €5,701 | €6,433 | +€732 | +12.8% |
| Profit (loss) for the period | 9904 | €19,562 | €22,836 | +€3,274 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,562 | €22,836 | +€3,274 | +16.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.