Watson Wells: 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 Wells
Largest movements
- Cash -€16,958
down €16,958 (-57.5%), from €29,467 to €12,510
mainly Debts after one year (-€12,711) and Receivables within one year (-€11,762)
- Receivables within one year +€11,762
up €11,762 (+15.0%), from €78,411 to €90,172
of which Trade receivables: +€12,133
- Tangible fixed assets -€10,675
down €10,675 (-29.8%), from €35,882 to €25,207
of which Furniture and vehicles: -€10,462
- Debts after one year -€12,711
down €12,711 (-92.1%), from €13,802 to €1,091
- Reserves -€8,460
down €8,460 (-7.8%), from €108,527 to €100,067
- Trade debts +€5,523
up €5,523 (+1018.8%), from €542 to €6,066
- Gross operating margin -€60,710
down €60,710 (-92.2%), from €65,823 to €5,114
- Taxes -€10,760
down €10,760 (-98.7%), from €10,899 to €138
- Financial charges -€1,153
down €1,153 (-47.5%), from €2,428 to €1,275
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.
Cash bridge derived
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 | €143,760 | €127,889 | -€15,872 | -11.0% |
| Fixed assets | 21/28 | €35,882 | €25,207 | -€10,675 | -29.8% |
| Tangible fixed assets | 22/27 | €35,882 | €25,207 | -€10,675 | -29.8% |
| Furniture and vehicles | 24 | €34,155 | €23,693 | -€10,462 | -30.6% |
| Other tangible fixed assets | 26 | €1,727 | €1,514 | -€213 | -12.3% |
| Current assets | 29/58 | €107,878 | €102,682 | -€5,196 | -4.8% |
| Amounts receivable within one year | 40/41 | €78,411 | €90,172 | +€11,762 | +15.0% |
| Trade receivables | 40 | €0 | €12,133 | +€12,133 | |
| Other amounts receivable | 41 | €78,411 | €78,039 | -€371 | -0.5% |
| Cash at bank and in hand | 54/58 | €29,467 | €12,510 | -€16,958 | -57.5% |
| Total equity and liabilities | 10/49 | €143,760 | €127,889 | -€15,872 | -11.0% |
| Equity | 10/15 | €113,527 | €105,067 | -€8,460 | -7.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €108,527 | €100,067 | -€8,460 | -7.8% |
| Distributable reserves | 133 | €108,527 | €100,067 | -€8,460 | -7.8% |
| Amounts payable | 17/49 | €30,233 | €22,822 | -€7,412 | -24.5% |
| Amounts payable after more than one year | 17 | €13,802 | €1,091 | -€12,711 | -92.1% |
| Financial debts | 170/4 | €13,802 | €1,091 | -€12,711 | -92.1% |
| Amounts payable within one year | 42/48 | €16,431 | €21,730 | +€5,299 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €12,027 | €12,711 | +€684 | +5.7% |
| Trade debts | 44 | €542 | €6,066 | +€5,523 | +1018.8% |
| Suppliers | 440/4 | €542 | €6,066 | +€5,523 | +1018.8% |
| Taxes, remuneration and social security | 45 | €3,862 | €2,954 | -€908 | -23.5% |
| Taxes | 450/3 | €3,862 | €2,954 | -€908 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,736 | €11,889 | +€152 | +1.3% |
| Other operating charges | 640/8 | €266 | €273 | +€7 | +2.6% |
| Gross operating margin | 9900 | €65,823 | €5,114 | -€60,710 | -92.2% |
| Operating profit (loss) | 9901 | €53,822 | -€7,047 | -€60,869 | |
| Financial income | 75/76B | €95 | €1 | -€94 | -98.9% |
| Recurring financial income | 75 | €95 | €1 | -€94 | -98.9% |
| Financial charges | 65/66B | €2,428 | €1,275 | -€1,153 | -47.5% |
| Recurring financial charges | 65 | €2,428 | €1,275 | -€1,153 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €51,488 | -€8,322 | -€59,810 | |
| Income taxes | 67/77 | €10,899 | €138 | -€10,760 | -98.7% |
| Profit (loss) for the period | 9904 | €40,589 | -€8,460 | -€49,049 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,589 | -€8,460 | -€49,049 |
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 12 October 2026 via checked.be.