Wattenberghe: 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.
Wattenberghe
Largest movements
- Receivables after one year -€9,779
no longer reported in 2025 (was €9,779)
- Cash +€9,038
up €9,038 (+26.8%), from €33,666 to €42,704
mainly Receivables after one year (+€9,779) and Depreciation (+€4,967)
- Tangible fixed assets -€1,772
down €1,772 (-8.0%), from €22,079 to €20,308
of which Land and buildings: -€1,500
- Receivables within one year -€1,421
down €1,421 (-6.1%), from €23,385 to €21,964
of which Trade receivables: -€11,576
- Tax, wage and social debts -€7,558
down €7,558 (-47.5%), from €15,911 to €8,353
- Reserves +€2,534
up €2,534 (+3.6%), from €69,956 to €72,490
- Gross operating margin -€23,610
down €23,610 (-65.1%), from €36,274 to €12,663
- Taxes -€6,694
down €6,694 (-73.3%), from €9,126 to €2,432
- Depreciation +€2,272
up €2,272 (+84.3%), from €2,695 to €4,967
- Other operating charges +€905
up €905 (+143.6%), from €630 to €1,535
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 | €89,421 | €84,978 | -€4,443 | -5.0% |
| Fixed assets | 21/28 | €22,079 | €20,308 | -€1,772 | -8.0% |
| Tangible fixed assets | 22/27 | €22,079 | €20,308 | -€1,772 | -8.0% |
| Land and buildings | 22 | €14,224 | €12,724 | -€1,500 | -10.5% |
| Plant, machinery and equipment | 23 | €6,006 | €6,271 | +€265 | +4.4% |
| Furniture and vehicles | 24 | €1,849 | €1,313 | -€537 | -29.0% |
| Current assets | 29/58 | €67,342 | €64,670 | -€2,671 | -4.0% |
| Amounts receivable after more than one year | 29 | €9,779 | - | -€9,779 | |
| Trade receivables | 290 | €9,779 | - | -€9,779 | |
| Amounts receivable within one year | 40/41 | €23,385 | €21,964 | -€1,421 | -6.1% |
| Trade receivables | 40 | €23,385 | €11,809 | -€11,576 | -49.5% |
| Other amounts receivable | 41 | - | €10,155 | +€10,155 | |
| Cash at bank and in hand | 54/58 | €33,666 | €42,704 | +€9,038 | +26.8% |
| Deferred charges and accrued income | 490/1 | €512 | €2 | -€510 | -99.6% |
| Total equity and liabilities | 10/49 | €89,421 | €84,978 | -€4,443 | -5.0% |
| Equity | 10/15 | €70,956 | €73,490 | +€2,534 | +3.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €69,956 | €72,490 | +€2,534 | +3.6% |
| Distributable reserves | 133 | €69,956 | €72,490 | +€2,534 | +3.6% |
| Amounts payable | 17/49 | €18,465 | €11,488 | -€6,977 | -37.8% |
| Amounts payable within one year | 42/48 | €18,465 | €11,488 | -€6,977 | -37.8% |
| Trade debts | 44 | €856 | €1,535 | +€679 | +79.3% |
| Suppliers | 440/4 | €856 | €1,535 | +€679 | +79.3% |
| Taxes, remuneration and social security | 45 | €15,911 | €8,353 | -€7,558 | -47.5% |
| Taxes | 450/3 | €15,911 | €8,353 | -€7,558 | -47.5% |
| Other amounts payable | 47/48 | €1,698 | €1,600 | -€98 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,695 | €4,967 | +€2,272 | +84.3% |
| Other operating charges | 640/8 | €630 | €1,535 | +€905 | +143.6% |
| Gross operating margin | 9900 | €36,274 | €12,663 | -€23,610 | -65.1% |
| Operating profit (loss) | 9901 | €32,949 | €6,161 | -€26,788 | -81.3% |
| Financial income | 75/76B | €200 | €540 | +€340 | +170.3% |
| Recurring financial income | 75 | €200 | €540 | +€340 | +170.3% |
| Financial charges | 65/66B | €84 | €135 | +€51 | +61.0% |
| Recurring financial charges | 65 | €84 | €135 | +€51 | +61.0% |
| Profit (loss) for the period before taxes | 9903 | €33,064 | €6,566 | -€26,499 | -80.1% |
| Income taxes | 67/77 | €9,126 | €2,432 | -€6,694 | -73.3% |
| Profit (loss) for the period | 9904 | €23,939 | €4,134 | -€19,805 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,939 | €4,134 | -€19,805 | -82.7% |
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 7 October 2026 via checked.be.