WATTLY: 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.
WATTLY
Largest movements
- Cash +€47,911
up €47,911 (+233.1%), from €20,558 to €68,468
mainly Receivables within one year (+€20,780) and Depreciation (+€18,537)
- Receivables within one year -€20,780
down €20,780 (-55.5%), from €37,433 to €16,653
of which Trade receivables: -€25,706
- Tangible fixed assets -€11,858
down €11,858 (-28.6%), from €41,511 to €29,653
of which Furniture and vehicles: -€10,637
- Deferred charges and accrued income -€10,541
down €10,541 (-55.0%), from €19,161 to €8,620
- Intangible fixed assets -€3,458
down €3,458 (-49.3%), from €7,016 to €3,558
- Debts after one year -€11,194
down €11,194 (-56.5%), from €19,820 to €8,625
- Other debts +€11,000
new in 2025: €11,000
- Trade debts +€4,047
up €4,047 (+66.7%), from €6,068 to €10,115
- Short-term financial debts +€3,529
up €3,529 (+67.2%), from €5,250 to €8,779
- Tax, wage and social debts -€3,486
down €3,486 (-91.5%), from €3,808 to €322
- Gross operating margin +€12,639
up €12,639 (+53.0%), from €23,826 to €36,465
- Taxes +€2,559
up €2,559 (+275.9%), from €928 to €3,487
- Depreciation -€1,348
down €1,348 (-6.8%), from €19,884 to €18,537
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 | €127,749 | €129,022 | +€1,273 | +1.0% |
| Fixed assets | 21/28 | €50,597 | €35,280 | -€15,317 | -30.3% |
| Intangible fixed assets | 21 | €7,016 | €3,558 | -€3,458 | -49.3% |
| Tangible fixed assets | 22/27 | €41,511 | €29,653 | -€11,858 | -28.6% |
| Plant, machinery and equipment | 23 | €12,705 | €10,909 | -€1,796 | -14.1% |
| Furniture and vehicles | 24 | €28,806 | €18,169 | -€10,637 | -36.9% |
| Other tangible fixed assets | 26 | - | €575 | +€575 | |
| Financial fixed assets | 28 | €2,070 | €2,070 | = | 0.0% |
| Current assets | 29/58 | €77,152 | €93,742 | +€16,589 | +21.5% |
| Amounts receivable within one year | 40/41 | €37,433 | €16,653 | -€20,780 | -55.5% |
| Trade receivables | 40 | €29,335 | €3,629 | -€25,706 | -87.6% |
| Other amounts receivable | 41 | €8,098 | €13,024 | +€4,926 | +60.8% |
| Cash at bank and in hand | 54/58 | €20,558 | €68,468 | +€47,911 | +233.1% |
| Deferred charges and accrued income | 490/1 | €19,161 | €8,620 | -€10,541 | -55.0% |
| Total equity and liabilities | 10/49 | €127,749 | €129,022 | +€1,273 | +1.0% |
| Equity | 10/15 | €90,853 | €88,900 | -€1,953 | -2.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €89,353 | €87,400 | -€1,953 | -2.2% |
| Distributable reserves | 133 | €89,353 | €87,400 | -€1,953 | -2.2% |
| Amounts payable | 17/49 | €36,897 | €40,122 | +€3,225 | +8.7% |
| Amounts payable after more than one year | 17 | €19,820 | €8,625 | -€11,194 | -56.5% |
| Other amounts payable | 178/9 | €19,820 | €8,625 | -€11,194 | -56.5% |
| Amounts payable within one year | 42/48 | €15,127 | €30,216 | +€15,089 | +99.7% |
| Financial debts | 43 | €5,250 | €8,779 | +€3,529 | +67.2% |
| Credit institutions | 430/8 | €5,250 | €8,779 | +€3,529 | +67.2% |
| Trade debts | 44 | €6,068 | €10,115 | +€4,047 | +66.7% |
| Suppliers | 440/4 | €6,068 | €10,115 | +€4,047 | +66.7% |
| Taxes, remuneration and social security | 45 | €3,808 | €322 | -€3,486 | -91.5% |
| Taxes | 450/3 | €3,808 | €322 | -€3,486 | -91.5% |
| Other amounts payable | 47/48 | - | €11,000 | +€11,000 | |
| Accrued charges and deferred income | 492/3 | €1,950 | €1,281 | -€669 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,884 | €18,537 | -€1,348 | -6.8% |
| Other operating charges | 640/8 | €309 | €584 | +€276 | +89.2% |
| Gross operating margin | 9900 | €23,826 | €36,465 | +€12,639 | +53.0% |
| Operating profit (loss) | 9901 | €3,633 | €17,344 | +€13,711 | +377.4% |
| Financial income | 75/76B | €242 | €20 | -€221 | -91.7% |
| Recurring financial income | 75 | €242 | €20 | -€221 | -91.7% |
| Financial charges | 65/66B | €1,714 | €1,712 | -€2 | -0.1% |
| Recurring financial charges | 65 | €1,714 | €1,712 | -€2 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €2,161 | €15,652 | +€13,491 | +624.4% |
| Income taxes | 67/77 | €928 | €3,487 | +€2,559 | +275.9% |
| Profit (loss) for the period | 9904 | €1,233 | €12,165 | +€10,932 | +886.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,233 | €12,165 | +€10,932 | +886.5% |
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 8 October 2026 via checked.be.