WATTEZ TIM: 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.
WATTEZ TIM
Largest movements
- Tangible fixed assets -€25,207
down €25,207 (-2.1%), from €1.2m to €1.2m
of which Other tangible fixed assets: -€19,892
- Receivables within one year +€14,754
up €14,754 (+15.9%), from €92,843 to €107,597
of which Other amounts receivable: +€21,893
- Debts after one year -€48,109
down €48,109 (-4.2%), from €1.1m to €1.1m
- Profit (loss) carried forward +€20,670
up €20,670 (+56.4%), from €36,670 to €57,340
- Trade debts +€20,471
up €20,471 (+479%), from €4,277 to €24,748
- Gross operating margin +€21,093
up €21,093 (+16.0%), from €132,214 to €153,307
- Depreciation +€9,846
up €9,846 (+14.9%), from €66,300 to €76,146
- Financial charges +€9,758
up €9,758 (+26.5%), from €36,829 to €46,587
- Other operating charges +€3,434
up €3,434 (+65.6%), from €5,238 to €8,671
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 | €1,301,551 | €1,298,703 | -€2,849 | -0.2% |
| Fixed assets | 21/28 | €1,195,941 | €1,170,734 | -€25,207 | -2.1% |
| Tangible fixed assets | 22/27 | €1,195,845 | €1,170,638 | -€25,207 | -2.1% |
| Land and buildings | 22 | €1,011,980 | €1,011,115 | -€866 | -0.1% |
| Plant, machinery and equipment | 23 | €6,575 | €5,393 | -€1,182 | -18.0% |
| Furniture and vehicles | 24 | €10,832 | €7,564 | -€3,267 | -30.2% |
| Other tangible fixed assets | 26 | €166,459 | €146,566 | -€19,892 | -12.0% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €105,610 | €127,968 | +€22,358 | +21.2% |
| Amounts receivable within one year | 40/41 | €92,843 | €107,597 | +€14,754 | +15.9% |
| Trade receivables | 40 | €40,140 | €33,000 | -€7,139 | -17.8% |
| Other amounts receivable | 41 | €52,704 | €74,597 | +€21,893 | +41.5% |
| Cash at bank and in hand | 54/58 | €10,697 | €17,234 | +€6,537 | +61.1% |
| Deferred charges and accrued income | 490/1 | €2,070 | €3,137 | +€1,067 | +51.5% |
| Total equity and liabilities | 10/49 | €1,301,551 | €1,298,703 | -€2,849 | -0.2% |
| Equity | 10/15 | €102,921 | €123,592 | +€20,670 | +20.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €56,252 | €56,252 | = | 0.0% |
| Distributable reserves | 133 | €56,252 | €56,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,670 | €57,340 | +€20,670 | +56.4% |
| Amounts payable | 17/49 | €1,198,630 | €1,175,111 | -€23,519 | -2.0% |
| Amounts payable after more than one year | 17 | €1,133,224 | €1,085,115 | -€48,109 | -4.2% |
| Financial debts | 170/4 | €1,133,224 | €1,085,115 | -€48,109 | -4.2% |
| Amounts payable within one year | 42/48 | €65,406 | €89,996 | +€24,590 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €52,794 | €58,361 | +€5,567 | +10.5% |
| Trade debts | 44 | €4,277 | €24,748 | +€20,471 | +479% |
| Suppliers | 440/4 | €4,277 | €24,748 | +€20,471 | +479% |
| Taxes, remuneration and social security | 45 | €8,335 | €6,887 | -€1,448 | -17.4% |
| Taxes | 450/3 | €2,427 | €3,660 | +€1,234 | +50.8% |
| Remuneration and social security | 454/9 | €5,908 | €3,226 | -€2,682 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,300 | €76,146 | +€9,846 | +14.9% |
| Other operating charges | 640/8 | €5,238 | €8,671 | +€3,434 | +65.6% |
| Gross operating margin | 9900 | €132,214 | €153,307 | +€21,093 | +16.0% |
| Operating profit (loss) | 9901 | €60,676 | €68,490 | +€7,814 | +12.9% |
| Financial income | 75/76B | €12 | €1 | -€10 | -87.8% |
| Recurring financial income | 75 | €12 | €1 | -€10 | -87.8% |
| Financial charges | 65/66B | €36,829 | €46,587 | +€9,758 | +26.5% |
| Recurring financial charges | 65 | €36,829 | €46,587 | +€9,758 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €23,859 | €21,904 | -€1,955 | -8.2% |
| Income taxes | 67/77 | €2,427 | €1,234 | -€1,193 | -49.2% |
| Profit (loss) for the period | 9904 | €21,432 | €20,670 | -€762 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,432 | €20,670 | -€762 | -3.6% |
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 19 October 2026 via checked.be.