WATSON GLOBAL LOGISTICS: 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 GLOBAL LOGISTICS
Largest movements
- Stocks and contracts +€33,880
up €33,880 (+339%), from €10,000 to €43,880
- Receivables within one year -€25,975
down €25,975 (-7.0%), from €372,045 to €346,070
of which Other amounts receivable: -€253,424
- Cash +€8,866
up €8,866 (+4.7%), from €188,865 to €197,731
mainly Trade debts (+€37,869) and Receivables within one year (+€25,975)
- Trade debts +€37,869
up €37,869 (+57.1%), from €66,365 to €104,234
- Profit (loss) carried forward -€7,607
down €7,607 (-27.3%), from €27,853 to €20,246
- Other debts -€6,893
down €6,893 (-1.8%), from €374,582 to €367,689
- Other operating charges +€11,189
up €11,189 (+1,296%), from €864 to €12,053
- Staff costs +€8,089
up €8,089 (+4.9%), from €165,906 to €173,995
- Gross operating margin +€3,724
up €3,724 (+2.2%), from €171,191 to €174,915
- Financial income +€2,149
up €2,149 (+16.3%), from €13,169 to €15,318
- Taxes -€1,969
down €1,969 (-30.7%), from €6,414 to €4,446
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 | €579,365 | €595,924 | +€16,559 | +2.9% |
| Fixed assets | 21/28 | €2,709 | €2,660 | -€49 | -1.8% |
| Tangible fixed assets | 22/27 | €1,864 | €1,815 | -€49 | -2.6% |
| Furniture and vehicles | 24 | €1,864 | €1,815 | -€49 | -2.6% |
| Financial fixed assets | 28 | €845 | €845 | = | 0.0% |
| Current assets | 29/58 | €576,656 | €593,264 | +€16,608 | +2.9% |
| Stocks and contracts in progress | 3 | €10,000 | €43,880 | +€33,880 | +339% |
| Contracts in progress | 37 | €10,000 | €43,880 | +€33,880 | +339% |
| Amounts receivable within one year | 40/41 | €372,045 | €346,070 | -€25,975 | -7.0% |
| Trade receivables | 40 | €107,600 | €335,050 | +€227,450 | +211% |
| Other amounts receivable | 41 | €264,445 | €11,020 | -€253,424 | -95.8% |
| Cash at bank and in hand | 54/58 | €188,865 | €197,731 | +€8,866 | +4.7% |
| Deferred charges and accrued income | 490/1 | €5,746 | €5,584 | -€163 | -2.8% |
| Total equity and liabilities | 10/49 | €579,365 | €595,924 | +€16,559 | +2.9% |
| Equity | 10/15 | €49,853 | €42,246 | -€7,607 | -15.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,853 | €20,246 | -€7,607 | -27.3% |
| Amounts payable | 17/49 | €529,512 | €553,678 | +€24,166 | +4.6% |
| Amounts payable within one year | 42/48 | €524,892 | €546,427 | +€21,535 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €11,667 | €12,006 | +€339 | +2.9% |
| Financial debts | 43 | €16,294 | €16,288 | -€6 | 0.0% |
| Credit institutions | 430/8 | €16,294 | €16,288 | -€6 | 0.0% |
| Trade debts | 44 | €66,365 | €104,234 | +€37,869 | +57.1% |
| Suppliers | 440/4 | €66,365 | €104,234 | +€37,869 | +57.1% |
| Advances received on contracts in progress | 46 | €30,979 | €25,028 | -€5,951 | -19.2% |
| Taxes, remuneration and social security | 45 | €25,007 | €21,183 | -€3,823 | -15.3% |
| Taxes | 450/3 | €6,285 | €8,377 | +€2,092 | +33.3% |
| Remuneration and social security | 454/9 | €18,721 | €12,806 | -€5,915 | -31.6% |
| Other amounts payable | 47/48 | €374,582 | €367,689 | -€6,893 | -1.8% |
| Accrued charges and deferred income | 492/3 | €4,619 | €7,251 | +€2,631 | +57.0% |
| Remuneration, social security and pensions | 62 | €165,906 | €173,995 | +€8,089 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €831 | €892 | +€61 | +7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €864 | €12,053 | +€11,189 | +1,296% |
| Gross operating margin | 9900 | €171,191 | €174,915 | +€3,724 | +2.2% |
| Operating profit (loss) | 9901 | €3,591 | -€12,024 | -€15,615 | |
| Financial income | 75/76B | €13,169 | €15,318 | +€2,149 | +16.3% |
| Recurring financial income | 75 | €13,169 | €15,318 | +€2,149 | +16.3% |
| Financial charges | 65/66B | €5,723 | €6,456 | +€733 | +12.8% |
| Recurring financial charges | 65 | €5,723 | €6,456 | +€733 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €11,038 | -€3,162 | -€14,199 | |
| Income taxes | 67/77 | €6,414 | €4,446 | -€1,969 | -30.7% |
| Profit (loss) for the period | 9904 | €4,623 | -€7,607 | -€12,231 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,623 | -€7,607 | -€12,231 |
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 19 October 2026 via checked.be.