WATTEC: what changed
What changed
WATTEC
NACE 28.120, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€624,641
2024 · €732,147-€107,506
Equity
€639,966
2024 · €565,326+€74,641
Cash
€989,848
2024 · €436,138+€553,710
Balance sheet total
€1.6m
2024 · €1.9m-€241,899
Largest movements
Assets
- Cash +€553,710
up €553,710 (+127%), from €436,138 to €989,848
mainly Net result for the year (+€624,641) and Receivables within one year (+€488,871)
- Receivables within one year -€488,871
down €488,871 (-55.5%), from €881,532 to €392,661
of which Trade receivables: -€458,021
- Current investments -€264,526
down €264,526 (-94.3%), from €280,415 to €15,889
- Financial fixed assets -€22,542
down €22,542 (-25.7%), from €87,611 to €65,069
Equity and liabilities
- Other debts -€278,086
down €278,086 (-32.0%), from €870,000 to €591,914
- Profit (loss) carried forward +€74,641
up €74,641 (+37.3%), from €200,326 to €274,966
- Trade debts -€54,138
down €54,138 (-13.2%), from €408,851 to €354,713
Income statement
- Gross operating margin -€99,975
down €99,975 (-8.7%), from €1.1m to €1.0m
- Taxes +€15,061
up €15,061 (+9.3%), from €161,777 to €176,838
- Staff costs -€11,485
down €11,485 (-4.5%), from €257,924 to €246,439
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
€732,147
Gross operating margin
-€99,975
Staff costs
+€11,485
Depreciation
+€3,762
Other operating charges
-€748
Financial income
-€4,241
Financial charges
-€2,728
Taxes
-€15,061
Result 2025
€624,641
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
+€813,507
Investment
+€290,203
Financing
-€550,000
Cash 2024
€436,138
From operations (derived)
+€813,507
Net result for the year
+€624,641
Stocks and contracts
+€17,136
Receivables within one year
+€488,871
Smaller working-capital items
-€951
Trade debts
-€54,138
Tax, wage and social debts
+€16,034
Other debts
-€278,086
Investment (derived)
+€290,203
Investment in fixed assets (net)
+€25,677
Current investments
+€264,526
Financing
-€550,000
Contributions, distributions and other
-€550,000
Cash 2025
€989,848
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,875,795 | €1,633,896 | -€241,899 | -12.9% |
| Fixed assets | 21/28 | €90,746 | €65,069 | -€25,677 | -28.3% |
| Tangible fixed assets | 22/27 | €3,135 | - | -€3,135 | |
| Furniture and vehicles | 24 | €3,135 | - | -€3,135 | |
| Financial fixed assets | 28 | €87,611 | €65,069 | -€22,542 | -25.7% |
| Current assets | 29/58 | €1,785,049 | €1,568,826 | -€216,222 | -12.1% |
| Stocks and contracts in progress | 3 | €183,448 | €166,312 | -€17,136 | -9.3% |
| Stocks | 30/36 | €26,086 | €26,000 | -€86 | -0.3% |
| Contracts in progress | 37 | €157,362 | €140,312 | -€17,050 | -10.8% |
| Amounts receivable within one year | 40/41 | €881,532 | €392,661 | -€488,871 | -55.5% |
| Trade receivables | 40 | €775,881 | €317,860 | -€458,021 | -59.0% |
| Other amounts receivable | 41 | €105,651 | €74,801 | -€30,849 | -29.2% |
| Current investments | 50/53 | €280,415 | €15,889 | -€264,526 | -94.3% |
| Cash at bank and in hand | 54/58 | €436,138 | €989,848 | +€553,710 | +127% |
| Deferred charges and accrued income | 490/1 | €3,516 | €4,117 | +€601 | +17.1% |
| Total equity and liabilities | 10/49 | €1,875,795 | €1,633,896 | -€241,899 | -12.9% |
| Equity | 10/15 | €565,326 | €639,966 | +€74,641 | +13.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €215,000 | €215,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,326 | €274,966 | +€74,641 | +37.3% |
| Amounts payable | 17/49 | €1,310,469 | €993,929 | -€316,540 | -24.2% |
| Amounts payable within one year | 42/48 | €1,310,119 | €993,929 | -€316,190 | -24.1% |
| Trade debts | 44 | €408,851 | €354,713 | -€54,138 | -13.2% |
| Suppliers | 440/4 | €408,851 | €354,713 | -€54,138 | -13.2% |
| Taxes, remuneration and social security | 45 | €31,268 | €47,303 | +€16,034 | +51.3% |
| Taxes | 450/3 | €1,171 | €15,331 | +€14,160 | +1,209% |
| Remuneration and social security | 454/9 | €30,098 | €31,972 | +€1,874 | +6.2% |
| Other amounts payable | 47/48 | €870,000 | €591,914 | -€278,086 | -32.0% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Remuneration, social security and pensions | 62 | €257,924 | €246,439 | -€11,485 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,762 | - | -€3,762 | |
| Other operating charges | 640/8 | €1,385 | €2,134 | +€748 | +54.0% |
| Gross operating margin | 9900 | €1,146,007 | €1,046,032 | -€99,975 | -8.7% |
| Operating profit (loss) | 9901 | €882,936 | €797,460 | -€85,476 | -9.7% |
| Financial income | 75/76B | €17,375 | €13,133 | -€4,241 | -24.4% |
| Recurring financial income | 75 | €17,375 | €13,133 | -€4,241 | -24.4% |
| Financial charges | 65/66B | €6,387 | €9,114 | +€2,728 | +42.7% |
| Recurring financial charges | 65 | €6,387 | €9,114 | +€2,728 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €893,924 | €801,479 | -€92,445 | -10.3% |
| Income taxes | 67/77 | €161,777 | €176,838 | +€15,061 | +9.3% |
| Profit (loss) for the period | 9904 | €732,147 | €624,641 | -€107,506 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €732,147 | €624,641 | -€107,506 | -14.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.