Watteman: 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.
Watteman
Largest movements
- Cash -€15,696
down €15,696 (-27.1%), from €57,871 to €42,175
mainly Other debts (-€21,280) and Investment in fixed assets (net) (-€1,626)
- Tangible fixed assets -€4,257
down €4,257 (-37.0%), from €11,495 to €7,238
- Other debts -€21,280
down €21,280 (-92.1%), from €23,107 to €1,827
- Reserves +€3,498
up €3,498 (+11.9%), from €29,291 to €32,789
- Tax, wage and social debts -€1,149
down €1,149 (-24.4%), from €4,717 to €3,567
- Trade debts -€799
down €799 (-52.5%), from €1,521 to €722
- Gross operating margin -€4,681
down €4,681 (-26.1%), from €17,932 to €13,250
- Taxes -€1,021
down €1,021 (-26.7%), from €3,824 to €2,803
- Other operating charges -€248
down €248 (-17.7%), from €1,403 to €1,155
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 | €73,636 | €53,905 | -€19,731 | -26.8% |
| Fixed assets | 21/28 | €11,495 | €7,238 | -€4,257 | -37.0% |
| Tangible fixed assets | 22/27 | €11,495 | €7,238 | -€4,257 | -37.0% |
| Furniture and vehicles | 24 | €11,495 | €7,238 | -€4,257 | -37.0% |
| Current assets | 29/58 | €62,140 | €46,667 | -€15,473 | -24.9% |
| Amounts receivable within one year | 40/41 | €1,917 | €1,608 | -€309 | -16.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,917 | €1,608 | -€309 | -16.1% |
| Cash at bank and in hand | 54/58 | €57,871 | €42,175 | -€15,696 | -27.1% |
| Deferred charges and accrued income | 490/1 | €2,353 | €2,885 | +€532 | +22.6% |
| Total equity and liabilities | 10/49 | €73,636 | €53,905 | -€19,731 | -26.8% |
| Equity | 10/15 | €44,291 | €47,789 | +€3,498 | +7.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €29,291 | €32,789 | +€3,498 | +11.9% |
| Distributable reserves | 133 | €29,291 | €32,789 | +€3,498 | +11.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,345 | €6,116 | -€23,229 | -79.2% |
| Amounts payable within one year | 42/48 | €29,345 | €6,116 | -€23,229 | -79.2% |
| Trade debts | 44 | €1,521 | €722 | -€799 | -52.5% |
| Suppliers | 440/4 | €1,521 | €722 | -€799 | -52.5% |
| Taxes, remuneration and social security | 45 | €4,717 | €3,567 | -€1,149 | -24.4% |
| Taxes | 450/3 | €4,717 | €3,567 | -€1,149 | -24.4% |
| Other amounts payable | 47/48 | €23,107 | €1,827 | -€21,280 | -92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,883 | €5,884 | +€1 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €120 | €0 | -€120 | -100.0% |
| Other operating charges | 640/8 | €1,403 | €1,155 | -€248 | -17.7% |
| Gross operating margin | 9900 | €17,932 | €13,250 | -€4,681 | -26.1% |
| Operating profit (loss) | 9901 | €10,526 | €6,212 | -€4,315 | -41.0% |
| Financial income | 75/76B | €146 | €202 | +€55 | +37.8% |
| Recurring financial income | 75 | €146 | €202 | +€55 | +37.8% |
| Financial charges | 65/66B | €130 | €112 | -€18 | -13.5% |
| Recurring financial charges | 65 | €130 | €112 | -€18 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €10,543 | €6,301 | -€4,242 | -40.2% |
| Income taxes | 67/77 | €3,824 | €2,803 | -€1,021 | -26.7% |
| Profit (loss) for the period | 9904 | €6,719 | €3,498 | -€3,221 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,719 | €3,498 | -€3,221 | -47.9% |
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 9 October 2026 via checked.be.