WATT FACTORY: what changed
What changed
WATT FACTORY
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
-€139,690
2024 · €4,595-€144,284
Equity
€1.0m
2024 · €1.2m-€169,993
Cash
€101,863
2024 · €37,745+€64,118
Balance sheet total
€4.6m
2024 · €4.8m-€154,710
Largest movements
Assets
- Tangible fixed assets -€170,758
down €170,758 (-3.7%), from €4.6m to €4.4m
of which Land and buildings: -€159,697
- Cash +€64,118
up €64,118 (+170%), from €37,745 to €101,863
mainly Other debts (+€240,000) and Depreciation (+€227,482)
- Receivables within one year -€50,206
down €50,206 (-41.3%), from €121,423 to €71,217
of which Trade receivables: -€52,128
Equity and liabilities
- Other debts +€240,000
up €240,000 (+56.5%), from €425,000 to €665,000
- Debts after one year -€174,075
down €174,075 (-6.3%), from €2.8m to €2.6m
of which Financial debts: -€179,578
- Profit (loss) carried forward -€139,690
down €139,690 (-13.7%), from -€1.0m to -€1.2m
Income statement
- Gross operating margin -€179,545
down €179,545 (-40.5%), from €443,704 to €264,159
- Staff costs -€51,131
down €51,131 (-28.5%), from €179,431 to €128,300
- Financial charges +€5,494
up €5,494 (+12.1%), from €45,506 to €51,000
of which Financial charges: +€6,494
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4,595
Gross operating margin
-€179,545
Staff costs
+€51,131
Depreciation
-€2,949
Write-downs
-€3,360
Other operating charges
-€4,112
Financial income
+€49
Financial charges
-€5,494
Taxes
-€4
Result 2025
-€139,690
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€332,104
Investment
-€61,081
Financing
-€206,905
Cash 2024
€37,745
From operations (derived)
+€332,104
Net result for the year
-€139,690
Depreciation
+€227,482
Receivables within one year
+€50,206
Deferred charges and accrued income
+€2,220
Trade debts
-€29,402
Tax, wage and social debts
-€24,752
Other debts
+€240,000
Accrued charges and deferred income
+€6,039
Investment (derived)
-€61,081
Investment in fixed assets (net)
-€61,081
Financing
-€206,905
Debts after one year
-€174,075
Current portion of long-term debt
-€2,527
Contributions, distributions and other
-€30,303
Cash 2025
€101,863
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,759,604 | €4,604,894 | -€154,710 | -3.3% |
| Fixed assets | 21/28 | €4,590,367 | €4,423,965 | -€166,402 | -3.6% |
| Intangible fixed assets | 21 | - | €4,356 | +€4,356 | |
| Tangible fixed assets | 22/27 | €4,590,367 | €4,419,609 | -€170,758 | -3.7% |
| Land and buildings | 22 | €4,482,999 | €4,323,303 | -€159,697 | -3.6% |
| Plant, machinery and equipment | 23 | €9,239 | €22,089 | +€12,850 | +139% |
| Furniture and vehicles | 24 | €98,128 | €74,217 | -€23,911 | -24.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €169,237 | €180,929 | +€11,691 | +6.9% |
| Amounts receivable within one year | 40/41 | €121,423 | €71,217 | -€50,206 | -41.3% |
| Trade receivables | 40 | €121,423 | €69,295 | -€52,128 | -42.9% |
| Other amounts receivable | 41 | €0 | €1,922 | +€1,922 | |
| Cash at bank and in hand | 54/58 | €37,745 | €101,863 | +€64,118 | +170% |
| Deferred charges and accrued income | 490/1 | €10,069 | €7,849 | -€2,220 | -22.1% |
| Total equity and liabilities | 10/49 | €4,759,604 | €4,604,894 | -€154,710 | -3.3% |
| Equity | 10/15 | €1,213,753 | €1,043,760 | -€169,993 | -14.0% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,018,570 | -€1,158,260 | -€139,690 | -13.7% |
| Investment grants | 15 | €732,323 | €702,020 | -€30,303 | -4.1% |
| Amounts payable | 17/49 | €3,545,851 | €3,561,134 | +€15,282 | +0.4% |
| Amounts payable after more than one year | 17 | €2,784,344 | €2,610,269 | -€174,075 | -6.3% |
| Financial debts | 170/4 | €2,724,810 | €2,545,232 | -€179,578 | -6.6% |
| Other amounts payable | 178/9 | €59,534 | €65,037 | +€5,503 | +9.2% |
| Amounts payable within one year | 42/48 | €761,507 | €944,826 | +€183,319 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €184,077 | €181,550 | -€2,527 | -1.4% |
| Trade debts | 44 | €102,717 | €73,316 | -€29,402 | -28.6% |
| Suppliers | 440/4 | €102,717 | €73,316 | -€29,402 | -28.6% |
| Taxes, remuneration and social security | 45 | €49,712 | €24,960 | -€24,752 | -49.8% |
| Taxes | 450/3 | €26,661 | €16,142 | -€10,519 | -39.5% |
| Remuneration and social security | 454/9 | €23,052 | €8,818 | -€14,233 | -61.7% |
| Other amounts payable | 47/48 | €425,000 | €665,000 | +€240,000 | +56.5% |
| Accrued charges and deferred income | 492/3 | - | €6,039 | +€6,039 | |
| Remuneration, social security and pensions | 62 | €179,431 | €128,300 | -€51,131 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224,533 | €227,482 | +€2,949 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,360 | +€3,360 | |
| Other operating charges | 640/8 | €20,014 | €24,126 | +€4,112 | +20.5% |
| Gross operating margin | 9900 | €443,704 | €264,159 | -€179,545 | -40.5% |
| Operating profit (loss) | 9901 | €19,726 | -€119,109 | -€138,835 | |
| Financial income | 75/76B | €30,392 | €30,441 | +€49 | +0.2% |
| Recurring financial income | 75 | €30,392 | €30,441 | +€49 | +0.2% |
| Financial charges | 65/66B | €45,506 | €51,000 | +€5,494 | +12.1% |
| Recurring financial charges | 65 | €44,506 | €51,000 | +€6,494 | +14.6% |
| Non-recurring financial charges | 66B | €1,000 | €0 | -€1,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | €4,612 | -€139,668 | -€144,280 | |
| Income taxes | 67/77 | €17 | €22 | +€4 | +25.8% |
| Profit (loss) for the period | 9904 | €4,595 | -€139,690 | -€144,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,595 | -€139,690 | -€144,284 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.