WATREMEZ: 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.
WATREMEZ
Largest movements
- Cash -€17,922
down €17,922 (-77.5%), from €23,139 to €5,217
mainly Net result for the year (-€11,551) and Investment in fixed assets (net) (-€4,760)
- Deferred charges and accrued income +€3,190
up €3,190 (+36.2%), from €8,810 to €12,000
- Receivables within one year +€2,555
up €2,555 (+56.6%), from €4,516 to €7,071
of which Other amounts receivable: +€3,164
- Profit (loss) carried forward -€11,551
down €11,551 (-54.4%), from €21,246 to €9,695
- Current portion of long-term debt +€2,118
up €2,118 (+43.1%), from €4,919 to €7,037
- Trade debts -€1,602
down €1,602 (-44.4%), from €3,609 to €2,007
- Gross operating margin -€15,372
down €15,372 (-92.2%), from €16,680 to €1,308
- Other operating charges -€483
down €483 (-25.7%), from €1,876 to €1,393
- Financial charges -€300
down €300 (-4.9%), from €6,152 to €5,852
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 | €141,312 | €128,302 | -€13,010 | -9.2% |
| Fixed assets | 21/28 | €104,847 | €104,014 | -€833 | -0.8% |
| Tangible fixed assets | 22/27 | €104,847 | €104,014 | -€833 | -0.8% |
| Land and buildings | 22 | €104,779 | €99,829 | -€4,950 | -4.7% |
| Plant, machinery and equipment | 23 | €68 | €4,185 | +€4,117 | +6,054% |
| Current assets | 29/58 | €36,465 | €24,288 | -€12,177 | -33.4% |
| Amounts receivable within one year | 40/41 | €4,516 | €7,071 | +€2,555 | +56.6% |
| Trade receivables | 40 | €804 | €195 | -€609 | -75.7% |
| Other amounts receivable | 41 | €3,712 | €6,876 | +€3,164 | +85.2% |
| Cash at bank and in hand | 54/58 | €23,139 | €5,217 | -€17,922 | -77.5% |
| Deferred charges and accrued income | 490/1 | €8,810 | €12,000 | +€3,190 | +36.2% |
| Total equity and liabilities | 10/49 | €141,312 | €128,302 | -€13,010 | -9.2% |
| Equity | 10/15 | €23,746 | €12,195 | -€11,551 | -48.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,246 | €9,695 | -€11,551 | -54.4% |
| Amounts payable | 17/49 | €117,566 | €116,107 | -€1,459 | -1.2% |
| Amounts payable after more than one year | 17 | €103,331 | €103,339 | +€8 | 0.0% |
| Financial debts | 170/4 | €103,331 | €103,339 | +€8 | 0.0% |
| Amounts payable within one year | 42/48 | €14,235 | €12,768 | -€1,467 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €4,919 | €7,037 | +€2,118 | +43.1% |
| Trade debts | 44 | €3,609 | €2,007 | -€1,602 | -44.4% |
| Suppliers | 440/4 | €3,609 | €2,007 | -€1,602 | -44.4% |
| Taxes, remuneration and social security | 45 | €2,500 | €1,575 | -€925 | -37.0% |
| Taxes | 450/3 | €2,500 | €1,575 | -€925 | -37.0% |
| Other amounts payable | 47/48 | €3,207 | €2,149 | -€1,058 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,545 | €5,593 | +€48 | +0.9% |
| Other operating charges | 640/8 | €1,876 | €1,393 | -€483 | -25.7% |
| Gross operating margin | 9900 | €16,680 | €1,308 | -€15,372 | -92.2% |
| Operating profit (loss) | 9901 | €9,259 | -€5,678 | -€14,937 | |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €6,152 | €5,852 | -€300 | -4.9% |
| Recurring financial charges | 65 | €6,152 | €5,852 | -€300 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €3,107 | -€11,455 | -€14,562 | |
| Income taxes | 67/77 | €160 | €96 | -€64 | -40.0% |
| Profit (loss) for the period | 9904 | €2,947 | -€11,551 | -€14,498 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,947 | -€11,551 | -€14,498 |
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 24 October 2026 via checked.be.