WATR: 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.
What changed
WATR
NACE 70.200, Business and other management consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€68,815
2023 · -€1.6m+€1.5m
Equity
€834,903
2023 · €903,718-€68,815
Cash
€0
2023 · €29-€29
Balance sheet total
€1.3m
2023 · €1.4m-€120,104
Largest movements
Assets
- Receivables within one year -€98,633
down €98,633 (-66.7%), from €147,915 to €49,282
of which Other amounts receivable: -€86,496
- Tangible fixed assets -€18,578
down €18,578 (-22.0%), from €84,419 to €65,841
of which Other tangible fixed assets: -€9,801
Equity and liabilities
- Other debts -€205,197
down €205,197 (-100.0%), from €205,197 to €0
- Debts after one year +€150,000
new in 2024: €150,000
- Profit (loss) carried forward -€68,815
down €68,815 (-4.3%), from -€1.6m to -€1.7m
- Trade debts +€16,792
up €16,792 (+6.8%), from €246,051 to €262,844
Income statement
- Financial charges -€1.4m
down €1.4m, from €1.4m to -€18,500
of which Non-recurring financial charges: -€1.4m
- Turnover -€483,837
no longer reported in 2024 (was €483,837)
- Services and other goods -€283,942
no longer reported in 2024 (was €283,942)
- Staff costs -€123,168
down €123,168 (-81.0%), from €152,085 to €28,916
- Gross operating margin +€89,758
new in 2024: €89,758
From the 2023 result to the 2024 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.
Result 2023
-€1.6m
Turnover
-€483,837
Other operating income
-€10,730
Services and other goods
+€283,942
Staff costs
+€123,168
Depreciation
+€9,438
Write-downs
+€79,123
Other operating charges
-€706
Other operating items
+€89,758
Financial income
+€40
Financial charges
+€1.4m
Taxes
-€576
Result 2024
-€68,815
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€150,254
Investment
€0
Financing
+€150,225
Cash 2023
€29
From operations (derived)
-€150,254
Net result for the year
-€68,815
Depreciation
+€18,578
Receivables within one year
+€98,633
Deferred charges and accrued income
+€2,864
Trade debts
+€16,792
Tax, wage and social debts
-€13,109
Other debts
-€205,197
Financing
+€150,225
Debts after one year
+€150,000
Short-term financial debts
+€225
Cash 2024
€0
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,389,267 | €1,269,163 | -€120,104 | -8.6% |
| Fixed assets | 21/28 | €1,235,944 | €1,217,366 | -€18,578 | -1.5% |
| Tangible fixed assets | 22/27 | €84,419 | €65,841 | -€18,578 | -22.0% |
| Furniture and vehicles | 24 | €11,650 | €2,874 | -€8,777 | -75.3% |
| Other tangible fixed assets | 26 | €72,768 | €62,967 | -€9,801 | -13.5% |
| Financial fixed assets | 28 | €1,151,525 | €1,151,525 | = | 0.0% |
| Affiliated companies | 280/1 | €1,151,525 | - | -€1.2m | |
| Participating interests | 280 | €1,151,525 | - | -€1.2m | |
| Current assets | 29/58 | €153,323 | €51,797 | -€101,526 | -66.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €147,915 | €49,282 | -€98,633 | -66.7% |
| Trade receivables | 40 | €12,137 | €0 | -€12,137 | -100.0% |
| Other amounts receivable | 41 | €135,778 | €49,282 | -€86,496 | -63.7% |
| Cash at bank and in hand | 54/58 | €29 | €0 | -€29 | -100.0% |
| Deferred charges and accrued income | 490/1 | €5,379 | €2,515 | -€2,864 | -53.2% |
| Total equity and liabilities | 10/49 | €1,389,267 | €1,269,163 | -€120,104 | -8.6% |
| Equity | 10/15 | €903,718 | €834,903 | -€68,815 | -7.6% |
| Contributions | 10/11 | €2,501,000 | €2,501,000 | = | 0.0% |
| Capital | 10 | €2,501,000 | €2,501,000 | = | 0.0% |
| Issued capital | 100 | €2,501,000 | €2,501,000 | = | 0.0% |
| Reserves | 13 | €522 | €522 | = | 0.0% |
| Non-distributable reserves | 130/1 | €522 | €522 | = | 0.0% |
| Legal reserve | 130 | €522 | €522 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,597,804 | -€1,666,619 | -€68,815 | -4.3% |
| Amounts payable | 17/49 | €485,549 | €434,260 | -€51,289 | -10.6% |
| Amounts payable after more than one year | 17 | - | €150,000 | +€150,000 | |
| Other amounts payable | 178/9 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €485,549 | €284,260 | -€201,289 | -41.5% |
| Financial debts | 43 | - | €225 | +€225 | |
| Credit institutions | 430/8 | - | €225 | +€225 | |
| Trade debts | 44 | €246,051 | €262,844 | +€16,792 | +6.8% |
| Suppliers | 440/4 | €246,051 | €262,844 | +€16,792 | +6.8% |
| Taxes, remuneration and social security | 45 | €34,300 | €21,191 | -€13,109 | -38.2% |
| Taxes | 450/3 | €20,337 | €16,899 | -€3,438 | -16.9% |
| Remuneration and social security | 454/9 | €13,963 | €4,292 | -€9,671 | -69.3% |
| Other amounts payable | 47/48 | €205,197 | €0 | -€205,197 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €494,567 | - | -€494,567 | |
| Turnover | 70 | €483,837 | - | -€483,837 | |
| Other operating income | 74 | €10,730 | - | -€10,730 | |
| Operating charges | 60/66A | €671,400 | - | -€671,400 | |
| Services and other goods | 61 | €283,942 | - | -€283,942 | |
| Remuneration, social security and pensions | 62 | €152,085 | €28,916 | -€123,168 | -81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,016 | €18,578 | -€9,438 | -33.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €206,265 | €127,142 | -€79,123 | -38.4% |
| Other operating charges | 640/8 | €1,093 | €1,798 | +€706 | +64.6% |
| Gross operating margin | 9900 | - | €89,758 | +€89,758 | |
| Operating profit (loss) | 9901 | -€176,833 | -€86,676 | +€90,157 | +51.0% |
| Financial income | 75/76B | €2 | €42 | +€40 | +1621.3% |
| Recurring financial income | 75 | €2 | €42 | +€40 | +1621.3% |
| Other financial income | 752/9 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,430,786 | -€18,500 | -€1.4m | |
| Recurring financial charges | 65 | €78,311 | -€18,500 | -€96,811 | |
| Debt charges | 650 | €4,310 | - | -€4,310 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €73,624 | - | -€73,624 | |
| Other financial charges | 652/9 | €377 | - | -€377 | |
| Non-recurring financial charges | 66B | €1,352,475 | €0 | -€1.4m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,607,616 | -€68,134 | +€1.5m | +95.8% |
| Income taxes | 67/77 | €105 | €681 | +€576 | +547.8% |
| Taxes | 670/3 | €105 | - | -€105 | |
| Profit (loss) for the period | 9904 | -€1,607,722 | -€68,815 | +€1.5m | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,607,722 | -€68,815 | +€1.5m | +95.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.