WATT IF ?: what changed
Two fiscal 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.
WATT IF ?
Largest movements
- Cash -€3,810
down €3,810 (-40.8%), from €9,338 to €5,527
mainly Contributions, distributions and other (-€28,014) and Receivables within one year (-€3,067)
- Receivables within one year +€3,067
up €3,067 (+251.2%), from €1,221 to €4,288
of which Other amounts receivable: +€2,732
- Tangible fixed assets -€1,323
down €1,323 (-13.3%), from €9,971 to €8,647
of which Other tangible fixed assets: -€726
- Deferred charges and accrued income +€256
up €256 (+27.3%), from €941 to €1,197
- Tax, wage and social debts -€2,463
down €2,463 (-27.8%), from €8,865 to €6,402
of which Taxes: -€1,778
- Other debts -€756
down €756 (-100.0%), from €756 to €0
- Trade debts +€729
up €729 (+190.6%), from €383 to €1,112
- Profit (loss) carried forward +€575
up €575 (+6.0%), from €9,571 to €10,146
- Gross operating margin +€1,595
up €1,595 (+3.7%), from €43,195 to €44,790
- Taxes +€1,583
up €1,583 (+15.2%), from €10,444 to €12,028
- Other operating charges +€696
up €696 (+239.8%), from €290 to €986
- Depreciation +€449
up €449 (+21.6%), from €2,077 to €2,525
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 | €21,575 | €19,660 | -€1,915 | -8.9% |
| Fixed assets | 21/28 | €10,076 | €8,647 | -€1,428 | -14.2% |
| Tangible fixed assets | 22/27 | €9,971 | €8,647 | -€1,323 | -13.3% |
| Furniture and vehicles | 24 | €2,890 | €2,293 | -€597 | -20.7% |
| Other tangible fixed assets | 26 | €7,080 | €6,354 | -€726 | -10.3% |
| Financial fixed assets | 28 | €105 | €0 | -€105 | -100.0% |
| Current assets | 29/58 | €11,500 | €11,013 | -€487 | -4.2% |
| Amounts receivable within one year | 40/41 | €1,221 | €4,288 | +€3,067 | +251.2% |
| Trade receivables | 40 | €453 | €788 | +€335 | +73.9% |
| Other amounts receivable | 41 | €768 | €3,500 | +€2,732 | +355.8% |
| Cash at bank and in hand | 54/58 | €9,338 | €5,527 | -€3,810 | -40.8% |
| Deferred charges and accrued income | 490/1 | €941 | €1,197 | +€256 | +27.3% |
| Total equity and liabilities | 10/49 | €21,575 | €19,660 | -€1,915 | -8.9% |
| Equity | 10/15 | €11,571 | €12,146 | +€575 | +5.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €9,571 | €10,146 | +€575 | +6.0% |
| Amounts payable | 17/49 | €10,004 | €7,514 | -€2,490 | -24.9% |
| Amounts payable within one year | 42/48 | €10,004 | €7,514 | -€2,490 | -24.9% |
| Trade debts | 44 | €383 | €1,112 | +€729 | +190.6% |
| Suppliers | 440/4 | €383 | €1,112 | +€729 | +190.6% |
| Taxes, remuneration and social security | 45 | €8,865 | €6,402 | -€2,463 | -27.8% |
| Taxes | 450/3 | €8,180 | €6,402 | -€1,778 | -21.7% |
| Remuneration and social security | 454/9 | €685 | €0 | -€685 | -100.0% |
| Other amounts payable | 47/48 | €756 | €0 | -€756 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,077 | €2,525 | +€449 | +21.6% |
| Other operating charges | 640/8 | €290 | €986 | +€696 | +239.8% |
| Non-recurring operating charges | 66A | - | €105 | +€105 | |
| Gross operating margin | 9900 | €43,195 | €44,790 | +€1,595 | +3.7% |
| Operating profit (loss) | 9901 | €40,829 | €41,174 | +€345 | +0.8% |
| Financial income | 75/76B | €202 | €0 | -€202 | -100.0% |
| Recurring financial income | 75 | €202 | €0 | -€202 | -100.0% |
| Financial charges | 65/66B | €487 | €557 | +€70 | +14.4% |
| Recurring financial charges | 65 | €487 | €557 | +€70 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €40,543 | €40,617 | +€73 | +0.2% |
| Income taxes | 67/77 | €10,444 | €12,028 | +€1,583 | +15.2% |
| Profit (loss) for the period | 9904 | €30,099 | €28,589 | -€1,510 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,099 | €28,589 | -€1,510 | -5.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.