WATSO: 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.
WATSO
Largest movements
- Cash -€26,415
down €26,415 (-57.4%), from €46,023 to €19,608
mainly Contributions, distributions and other (-€55,484) and Investment in fixed assets (net) (-€14,295)
- Tangible fixed assets +€6,114
up €6,114 (+21.1%), from €29,002 to €35,116
- Receivables after one year -€5,000
down €5,000 (-33.3%), from €15,000 to €10,000
- Receivables within one year -€3,699
down €3,699 (-6.4%), from €58,085 to €54,386
of which Trade receivables: -€4,812
- Deferred charges and accrued income +€3,484
up €3,484 (+166%), from €2,100 to €5,584
- Reserves -€48,136
down €48,136 (-64.4%), from €74,790 to €26,654
of which Distributable reserves: -€48,136
- Other debts +€34,716
up €34,716 (+167%), from €20,768 to €55,484
- Debts after one year -€9,395
down €9,395 (-100%), from €9,395 to €0
- Tax, wage and social debts -€3,150
down €3,150 (-36.8%), from €8,562 to €5,412
of which Taxes: -€3,150
- Trade debts +€1,840
up €1,840 (+363%), from €506 to €2,346
- Gross operating margin -€6,140
down €6,140 (-25.0%), from €24,540 to €18,400
- Financial charges -€2,698
down €2,698 (-67.9%), from €3,976 to €1,277
- Taxes -€985
down €985 (-23.4%), from €4,214 to €3,228
- Depreciation +€712
up €712 (+9.5%), from €7,468 to €8,181
- Financial income +€700
up €700 (+49.0%), from €1,428 to €2,128
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 | €150,210 | €124,694 | -€25,516 | -17.0% |
| Fixed assets | 21/28 | €29,002 | €35,116 | +€6,114 | +21.1% |
| Tangible fixed assets | 22/27 | €29,002 | €35,116 | +€6,114 | +21.1% |
| Furniture and vehicles | 24 | €29,002 | €35,116 | +€6,114 | +21.1% |
| Current assets | 29/58 | €121,208 | €89,578 | -€31,630 | -26.1% |
| Amounts receivable after more than one year | 29 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Other amounts receivable | 291 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €58,085 | €54,386 | -€3,699 | -6.4% |
| Trade receivables | 40 | €21,314 | €16,501 | -€4,812 | -22.6% |
| Other amounts receivable | 41 | €36,771 | €37,884 | +€1,113 | +3.0% |
| Cash at bank and in hand | 54/58 | €46,023 | €19,608 | -€26,415 | -57.4% |
| Deferred charges and accrued income | 490/1 | €2,100 | €5,584 | +€3,484 | +166% |
| Total equity and liabilities | 10/49 | €150,210 | €124,694 | -€25,516 | -17.0% |
| Equity | 10/15 | €93,390 | €45,254 | -€48,136 | -51.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,790 | €26,654 | -€48,136 | -64.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,930 | €24,794 | -€48,136 | -66.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,820 | €79,440 | +€22,621 | +39.8% |
| Amounts payable after more than one year | 17 | €9,395 | €0 | -€9,395 | -100% |
| Financial debts | 170/4 | €9,395 | €0 | -€9,395 | -100% |
| Amounts payable within one year | 42/48 | €47,425 | €79,440 | +€32,015 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €17,589 | €16,198 | -€1,391 | -7.9% |
| Trade debts | 44 | €506 | €2,346 | +€1,840 | +363% |
| Suppliers | 440/4 | €506 | €2,346 | +€1,840 | +363% |
| Taxes, remuneration and social security | 45 | €8,562 | €5,412 | -€3,150 | -36.8% |
| Taxes | 450/3 | €6,237 | €3,087 | -€3,150 | -50.5% |
| Remuneration and social security | 454/9 | €2,325 | €2,325 | = | 0.0% |
| Other amounts payable | 47/48 | €20,768 | €55,484 | +€34,716 | +167% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,468 | €8,181 | +€712 | +9.5% |
| Other operating charges | 640/8 | €539 | €494 | -€45 | -8.4% |
| Gross operating margin | 9900 | €24,540 | €18,400 | -€6,140 | -25.0% |
| Operating profit (loss) | 9901 | €16,533 | €9,726 | -€6,807 | -41.2% |
| Financial income | 75/76B | €1,428 | €2,128 | +€700 | +49.0% |
| Recurring financial income | 75 | €1,428 | €2,128 | +€700 | +49.0% |
| Financial charges | 65/66B | €3,976 | €1,277 | -€2,698 | -67.9% |
| Recurring financial charges | 65 | €3,976 | €1,277 | -€2,698 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | €13,985 | €10,576 | -€3,409 | -24.4% |
| Income taxes | 67/77 | €4,214 | €3,228 | -€985 | -23.4% |
| Profit (loss) for the period | 9904 | €9,771 | €7,348 | -€2,423 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,771 | €7,348 | -€2,423 | -24.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.