Watson: 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.
Watson
Largest movements
- Receivables within one year -€27,520
down €27,520 (-23.0%), from €119,515 to €91,995
of which Other amounts receivable: -€26,169
- Cash +€3,201
up €3,201 (+41.5%), from €7,721 to €10,922
mainly Trade debts (+€81,254) and Receivables within one year (+€27,520)
- Tangible fixed assets -€3,077
down €3,077 (-74.0%), from €4,158 to €1,081
of which Plant, machinery and equipment: -€2,085
- Other debts -€95,328
down €95,328 (-99.3%), from €95,970 to €642
- Trade debts +€81,254
up €81,254 (+147%), from €55,457 to €136,712
- Profit (loss) carried forward -€19,022
down €19,022 (-26.9%), from -€70,750 to -€89,772
- Tax, wage and social debts +€5,107
new in 2024: €5,107
- Other operating charges -€10,685
down €10,685 (-32.2%), from €33,140 to €22,454
- Gross operating margin +€2,867
up €2,867 (+165%), from €1,737 to €4,604
- Financial charges -€1,522
down €1,522 (-71.1%), from €2,140 to €618
- Financial income +€1,014
up €1,014 (+67.2%), from €1,509 to €2,523
- Depreciation +€1,012
up €1,012 (+49.0%), from €2,065 to €3,077
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,569 | €105,581 | -€27,988 | -21.0% |
| Fixed assets | 21/28 | €5,763 | €2,661 | -€3,102 | -53.8% |
| Tangible fixed assets | 22/27 | €4,158 | €1,081 | -€3,077 | -74.0% |
| Land and buildings | 22 | €990 | €454 | -€536 | -54.2% |
| Plant, machinery and equipment | 23 | €2,153 | €69 | -€2,085 | -96.8% |
| Furniture and vehicles | 24 | €1,015 | €559 | -€456 | -44.9% |
| Financial fixed assets | 28 | €1,605 | €1,580 | -€25 | -1.6% |
| Current assets | 29/58 | €127,806 | €102,919 | -€24,887 | -19.5% |
| Amounts receivable within one year | 40/41 | €119,515 | €91,995 | -€27,520 | -23.0% |
| Trade receivables | 40 | €35,884 | €34,533 | -€1,351 | -3.8% |
| Other amounts receivable | 41 | €83,631 | €57,462 | -€26,169 | -31.3% |
| Cash at bank and in hand | 54/58 | €7,721 | €10,922 | +€3,201 | +41.5% |
| Deferred charges and accrued income | 490/1 | €570 | €2 | -€568 | -99.6% |
| Total equity and liabilities | 10/49 | €133,569 | €105,581 | -€27,988 | -21.0% |
| Equity | 10/15 | -€17,858 | -€36,880 | -€19,022 | -107% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Contributions outside capital | 11 | €500 | €500 | = | 0.0% |
| Other | 1109/19 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €52,392 | €52,392 | = | 0.0% |
| Distributable reserves | 133 | €52,392 | €52,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,750 | -€89,772 | -€19,022 | -26.9% |
| Amounts payable | 17/49 | €151,427 | €142,461 | -€8,967 | -5.9% |
| Amounts payable within one year | 42/48 | €151,427 | €142,461 | -€8,967 | -5.9% |
| Trade debts | 44 | €55,457 | €136,712 | +€81,254 | +147% |
| Suppliers | 440/4 | €55,457 | €136,712 | +€81,254 | +147% |
| Taxes, remuneration and social security | 45 | - | €5,107 | +€5,107 | |
| Taxes | 450/3 | - | €5,107 | +€5,107 | |
| Other amounts payable | 47/48 | €95,970 | €642 | -€95,328 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,065 | €3,077 | +€1,012 | +49.0% |
| Other operating charges | 640/8 | €33,140 | €22,454 | -€10,685 | -32.2% |
| Gross operating margin | 9900 | €1,737 | €4,604 | +€2,867 | +165% |
| Operating profit (loss) | 9901 | -€33,468 | -€20,927 | +€12,541 | +37.5% |
| Financial income | 75/76B | €1,509 | €2,523 | +€1,014 | +67.2% |
| Recurring financial income | 75 | €1,509 | €2,523 | +€1,014 | +67.2% |
| Financial charges | 65/66B | €2,140 | €618 | -€1,522 | -71.1% |
| Recurring financial charges | 65 | €2,140 | €618 | -€1,522 | -71.1% |
| Profit (loss) for the period before taxes | 9903 | -€34,099 | -€19,021 | +€15,078 | +44.2% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€34,099 | -€19,022 | +€15,078 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,099 | -€19,022 | +€15,078 | +44.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.