Watter Greenergy: 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.
Watter Greenergy
Largest movements
- Receivables within one year -€9,575
down €9,575 (-82.3%), from €11,637 to €2,062
of which Trade receivables: -€6,391
- Cash +€5,955
up €5,955 (+242%), from €2,462 to €8,417
mainly Other debts (+€42,182) and Net result for the year (+€22,415)
- Stocks and contracts +€5,000
new in 2025: €5,000
- Tangible fixed assets -€2,763
down €2,763 (-1.2%), from €237,557 to €234,794
of which Other tangible fixed assets: -€2,763
- Intangible fixed assets +€2,686
up €2,686 (+39.1%), from €6,867 to €9,553
- Debts after one year -€58,026
down €58,026 (-31.9%), from €181,740 to €123,714
of which Other amounts payable: -€35,362
- Other debts +€42,182
up €42,182 (+1,562%), from €2,700 to €44,882
- Profit (loss) carried forward +€22,415
up €22,415 (+95.6%), from -€23,453 to -€1,038
- Advances received -€7,315
down €7,315 (-38.6%), from €18,958 to €11,643
- Current portion of long-term debt +€3,217
up €3,217 (+16.3%), from €19,749 to €22,966
- Gross operating margin +€44,783
up €44,783, from -€2,179 to €42,604
- Depreciation +€7,896
up €7,896 (+99.3%), from €7,953 to €15,849
- Financial charges -€1,289
down €1,289 (-19.1%), from €6,767 to €5,478
- Financial income +€1,268
up €1,268 (+659%), from €192 to €1,461
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 | €259,458 | €260,745 | +€1,287 | +0.5% |
| Formation expenses | 20 | €652 | €238 | -€415 | -63.6% |
| Fixed assets | 21/28 | €244,424 | €244,347 | -€77 | 0.0% |
| Intangible fixed assets | 21 | €6,867 | €9,553 | +€2,686 | +39.1% |
| Tangible fixed assets | 22/27 | €237,557 | €234,794 | -€2,763 | -1.2% |
| Other tangible fixed assets | 26 | €237,557 | €234,794 | -€2,763 | -1.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €14,381 | €16,160 | +€1,779 | +12.4% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €11,637 | €2,062 | -€9,575 | -82.3% |
| Trade receivables | 40 | €7,633 | €1,242 | -€6,391 | -83.7% |
| Other amounts receivable | 41 | €4,004 | €820 | -€3,183 | -79.5% |
| Cash at bank and in hand | 54/58 | €2,462 | €8,417 | +€5,955 | +242% |
| Deferred charges and accrued income | 490/1 | €283 | €681 | +€398 | +141% |
| Total equity and liabilities | 10/49 | €259,458 | €260,745 | +€1,287 | +0.5% |
| Equity | 10/15 | -€19,953 | €2,462 | +€22,415 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,453 | -€1,038 | +€22,415 | +95.6% |
| Amounts payable | 17/49 | €279,410 | €258,282 | -€21,128 | -7.6% |
| Amounts payable after more than one year | 17 | €181,740 | €123,714 | -€58,026 | -31.9% |
| Financial debts | 170/4 | €146,377 | €123,714 | -€22,664 | -15.5% |
| Other amounts payable | 178/9 | €35,362 | €0 | -€35,362 | -100% |
| Amounts payable within one year | 42/48 | €97,532 | €134,546 | +€37,014 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | €19,749 | €22,966 | +€3,217 | +16.3% |
| Trade debts | 44 | €56,125 | €55,054 | -€1,070 | -1.9% |
| Suppliers | 440/4 | €56,125 | €55,054 | -€1,070 | -1.9% |
| Advances received on contracts in progress | 46 | €18,958 | €11,643 | -€7,315 | -38.6% |
| Other amounts payable | 47/48 | €2,700 | €44,882 | +€42,182 | +1,562% |
| Accrued charges and deferred income | 492/3 | €139 | €22 | -€116 | -83.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,953 | €15,849 | +€7,896 | +99.3% |
| Other operating charges | 640/8 | - | €185 | +€185 | |
| Non-recurring operating charges | 66A | - | €138 | +€138 | |
| Gross operating margin | 9900 | -€2,179 | €42,604 | +€44,783 | |
| Operating profit (loss) | 9901 | -€10,132 | €26,432 | +€36,564 | |
| Financial income | 75/76B | €192 | €1,461 | +€1,268 | +659% |
| Recurring financial income | 75 | €192 | €1,461 | +€1,268 | +659% |
| Financial charges | 65/66B | €6,767 | €5,478 | -€1,289 | -19.1% |
| Recurring financial charges | 65 | €6,767 | €5,478 | -€1,289 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,707 | €22,415 | +€39,122 | |
| Profit (loss) for the period | 9904 | -€16,707 | €22,415 | +€39,122 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,707 | €22,415 | +€39,122 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.