WATS: 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.
WATS
Largest movements
- Deferred charges and accrued income +€178,680
up €178,680 (+86.2%), from €207,256 to €385,936
- Cash -€17,518
down €17,518 (-14.7%), from €119,568 to €102,050
mainly Deferred charges and accrued income (-€178,680) and Net result for the year (-€18,992)
- Financial fixed assets -€15,664
down €15,664 (-63.8%), from €24,545 to €8,881
- Accrued charges and deferred income +€190,581
up €190,581 (+73.4%), from €259,637 to €450,218
- Profit (loss) carried forward -€18,992
down €18,992 (-21.5%), from -€88,454 to -€107,446
- Trade debts -€15,189
down €15,189 (-9.4%), from €160,934 to €145,745
- Turnover -€590,218
down €590,218 (-31.7%), from €1.9m to €1.3m
- Purchases and services -€575,425
down €575,425 (-32.0%), from €1.8m to €1.2m
- Write-downs -€19,728
no longer reported in 2025 (was €19,728)
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 | €667,864 | €818,882 | +€151,018 | +22.6% |
| Fixed assets | 21/28 | €27,187 | €11,523 | -€15,664 | -57.6% |
| Intangible fixed assets | 21 | €2,642 | €2,642 | = | 0.0% |
| Financial fixed assets | 28 | €24,545 | €8,881 | -€15,664 | -63.8% |
| Current assets | 29/58 | €640,677 | €807,359 | +€166,682 | +26.0% |
| Amounts receivable within one year | 40/41 | €312,745 | €318,261 | +€5,516 | +1.8% |
| Trade receivables | 40 | €311,570 | €318,255 | +€6,685 | +2.1% |
| Other amounts receivable | 41 | €1,175 | €6 | -€1,169 | -99.5% |
| Current investments | 50/53 | €1,108 | €1,112 | +€4 | +0.4% |
| Cash at bank and in hand | 54/58 | €119,568 | €102,050 | -€17,518 | -14.7% |
| Deferred charges and accrued income | 490/1 | €207,256 | €385,936 | +€178,680 | +86.2% |
| Total equity and liabilities | 10/49 | €667,864 | €818,882 | +€151,018 | +22.6% |
| Equity | 10/15 | €214,421 | €195,429 | -€18,992 | -8.9% |
| Contributions | 10/11 | €277,875 | €277,875 | = | 0.0% |
| Capital | 10 | €277,875 | €277,875 | = | 0.0% |
| Issued capital | 100 | €277,875 | €277,875 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,454 | -€107,446 | -€18,992 | -21.5% |
| Amounts payable | 17/49 | €453,443 | €623,453 | +€170,010 | +37.5% |
| Amounts payable within one year | 42/48 | €193,806 | €173,235 | -€20,571 | -10.6% |
| Trade debts | 44 | €160,934 | €145,745 | -€15,189 | -9.4% |
| Suppliers | 440/4 | €160,934 | €145,745 | -€15,189 | -9.4% |
| Advances received on contracts in progress | 46 | €4,515 | €3,771 | -€744 | -16.5% |
| Taxes, remuneration and social security | 45 | €11,857 | €10,674 | -€1,183 | -10.0% |
| Taxes | 450/3 | €1,274 | €1,238 | -€36 | -2.8% |
| Remuneration and social security | 454/9 | €10,583 | €9,436 | -€1,147 | -10.8% |
| Other amounts payable | 47/48 | €16,500 | €13,045 | -€3,455 | -20.9% |
| Accrued charges and deferred income | 492/3 | €259,637 | €450,218 | +€190,581 | +73.4% |
| Turnover | 70 | €1,861,901 | €1,271,683 | -€590,218 | -31.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,798,538 | €1,223,113 | -€575,425 | -32.0% |
| Remuneration, social security and pensions | 62 | €62,519 | €62,382 | -€137 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,728 | - | -€19,728 | |
| Other operating charges | 640/8 | €855 | €796 | -€59 | -6.9% |
| Gross operating margin | 9900 | €63,383 | €48,570 | -€14,813 | -23.4% |
| Operating profit (loss) | 9901 | -€19,719 | -€14,608 | +€5,111 | +25.9% |
| Financial income | 75/76B | €28 | €42 | +€14 | +50.0% |
| Recurring financial income | 75 | €28 | €42 | +€14 | +50.0% |
| Financial charges | 65/66B | €5,520 | €4,426 | -€1,094 | -19.8% |
| Recurring financial charges | 65 | €5,520 | €4,426 | -€1,094 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,211 | -€18,992 | +€6,219 | +24.7% |
| Profit (loss) for the period | 9904 | -€25,211 | -€18,992 | +€6,219 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,211 | -€18,992 | +€6,219 | +24.7% |
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 16 October 2026 via checked.be.