WATTENS: what changed
Two financial 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.
WATTENS
Largest movements
- Cash -€4,120
down €4,120 (-7.3%), from €56,063 to €51,943
mainly Contributions, distributions and other (-€16,000) and Tax, wage and social debts (-€3,795)
- Tangible fixed assets -€934
down €934 (-29.4%), from €3,182 to €2,248
of which Plant, machinery and equipment: -€805
- Receivables within one year +€900
up €900 (+30.9%), from €2,912 to €3,812
of which Trade receivables: +€900
- Deferred charges and accrued income +€832
new in 2025: €832
- Other debts +€10,809
up €10,809 (+2,212%), from €489 to €11,298
- Reserves -€10,500
down €10,500 (-16.6%), from €63,396 to €52,896
of which Distributable reserves: -€10,500
- Tax, wage and social debts -€3,795
down €3,795 (-51.2%), from €7,416 to €3,621
- Other operating charges -€3,158
down €3,158 (-68.7%), from €4,599 to €1,441
- Gross operating margin -€2,288
down €2,288 (-13.6%), from €16,841 to €14,553
- Taxes -€1,795
down €1,795 (-24.0%), from €7,470 to €5,675
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.
Derived cash bridge
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 | €62,157 | €58,835 | -€3,323 | -5.3% |
| Fixed assets | 21/28 | €3,182 | €2,248 | -€934 | -29.4% |
| Tangible fixed assets | 22/27 | €3,182 | €2,248 | -€934 | -29.4% |
| Plant, machinery and equipment | 23 | €1,386 | €581 | -€805 | -58.1% |
| Furniture and vehicles | 24 | €1,796 | €1,667 | -€129 | -7.2% |
| Current assets | 29/58 | €58,975 | €56,587 | -€2,388 | -4.0% |
| Amounts receivable within one year | 40/41 | €2,912 | €3,812 | +€900 | +30.9% |
| Trade receivables | 40 | €2,798 | €3,698 | +€900 | +32.2% |
| Other amounts receivable | 41 | €114 | €114 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,063 | €51,943 | -€4,120 | -7.3% |
| Deferred charges and accrued income | 490/1 | - | €832 | +€832 | |
| Total equity and liabilities | 10/49 | €62,157 | €58,835 | -€3,323 | -5.3% |
| Equity | 10/15 | €50,907 | €40,514 | -€10,393 | -20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,396 | €52,896 | -€10,500 | -16.6% |
| Non-distributable reserves | 130/1 | €156 | €156 | = | 0.0% |
| Reserves not available under the articles | 1311 | €156 | €156 | = | 0.0% |
| Tax-exempt reserves | 132 | €40 | €40 | = | 0.0% |
| Distributable reserves | 133 | €63,200 | €52,700 | -€10,500 | -16.6% |
| Profit (loss) carried forward | 14 | -€31,089 | -€30,982 | +€107 | +0.3% |
| Amounts payable | 17/49 | €11,250 | €18,320 | +€7,070 | +62.8% |
| Amounts payable within one year | 42/48 | €11,250 | €18,320 | +€7,070 | +62.8% |
| Trade debts | 44 | €3,346 | €3,402 | +€56 | +1.7% |
| Suppliers | 440/4 | €3,346 | €3,402 | +€56 | +1.7% |
| Taxes, remuneration and social security | 45 | €7,416 | €3,621 | -€3,795 | -51.2% |
| Taxes | 450/3 | €7,416 | €3,621 | -€3,795 | -51.2% |
| Other amounts payable | 47/48 | €489 | €11,298 | +€10,809 | +2,212% |
| Non-recurring operating income | 76A | €20,970 | €0 | -€20,970 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,739 | €1,835 | +€97 | +5.6% |
| Other operating charges | 640/8 | €4,599 | €1,441 | -€3,158 | -68.7% |
| Gross operating margin | 9900 | €16,841 | €14,553 | -€2,288 | -13.6% |
| Operating profit (loss) | 9901 | €10,504 | €11,276 | +€773 | +7.4% |
| Financial income | 75/76B | €181 | €181 | +€0 | +0.1% |
| Recurring financial income | 75 | €181 | €181 | +€0 | +0.1% |
| Financial charges | 65/66B | €104 | €175 | +€71 | +67.7% |
| Recurring financial charges | 65 | €104 | €175 | +€71 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €10,580 | €11,283 | +€702 | +6.6% |
| Income taxes | 67/77 | €7,470 | €5,675 | -€1,795 | -24.0% |
| Profit (loss) for the period | 9904 | €3,110 | €5,607 | +€2,497 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,110 | €5,607 | +€2,497 | +80.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.