WATTMAN: 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.
WATTMAN
Largest movements
- Receivables within one year -€28,056
down €28,056 (-37.8%), from €74,180 to €46,125
of which Trade receivables: -€58,026
- Cash +€17,995
up €17,995 (+14.2%), from €126,743 to €144,738
mainly Other debts (+€41,145) and Receivables within one year (+€28,056)
- Stocks and contracts +€4,351
up €4,351 (+36.4%), from €11,949 to €16,299
- Tangible fixed assets -€2,419
down €2,419 (-18.4%), from €13,115 to €10,696
of which Furniture and vehicles: -€2,994
- Trade debts -€53,312
down €53,312 (-51.2%), from €104,146 to €50,834
- Other debts +€41,145
up €41,145 (+73.0%), from €56,372 to €97,517
- Profit (loss) carried forward +€22,045
up €22,045 (+55.4%), from -€39,794 to -€17,749
- Tax, wage and social debts -€19,837
down €19,837 (-22.0%), from €89,992 to €70,156
of which Taxes: -€23,425
- Gross operating margin +€99,925
up €99,925 (+36.2%), from €276,271 to €376,196
- Other operating charges +€49,076
up €49,076 (+1137.6%), from €4,314 to €53,390
- Staff costs +€30,371
up €30,371 (+12.0%), from €252,955 to €283,325
- Taxes +€7,955
up €7,955 (+862.4%), from €922 to €8,878
- Financial income +€5,163
up €5,163 (+509.4%), from €1,014 to €6,177
of which Financial income: +€5,163
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,967 | €222,466 | -€9,501 | -4.1% |
| Fixed assets | 21/28 | €16,721 | €14,301 | -€2,419 | -14.5% |
| Tangible fixed assets | 22/27 | €13,115 | €10,696 | -€2,419 | -18.4% |
| Land and buildings | 22 | €2,564 | €3,287 | +€723 | +28.2% |
| Plant, machinery and equipment | 23 | €1,979 | €1,831 | -€148 | -7.5% |
| Furniture and vehicles | 24 | €8,572 | €5,578 | -€2,994 | -34.9% |
| Financial fixed assets | 28 | €3,606 | €3,606 | = | 0.0% |
| Current assets | 29/58 | €215,246 | €208,164 | -€7,082 | -3.3% |
| Stocks and contracts in progress | 3 | €11,949 | €16,299 | +€4,351 | +36.4% |
| Stocks | 30/36 | €11,949 | €16,299 | +€4,351 | +36.4% |
| Amounts receivable within one year | 40/41 | €74,180 | €46,125 | -€28,056 | -37.8% |
| Trade receivables | 40 | €58,867 | €841 | -€58,026 | -98.6% |
| Other amounts receivable | 41 | €15,313 | €45,283 | +€29,970 | +195.7% |
| Cash at bank and in hand | 54/58 | €126,743 | €144,738 | +€17,995 | +14.2% |
| Deferred charges and accrued income | 490/1 | €2,374 | €1,003 | -€1,371 | -57.8% |
| Total equity and liabilities | 10/49 | €231,967 | €222,466 | -€9,501 | -4.1% |
| Equity | 10/15 | -€18,544 | €3,959 | +€22,503 | |
| Contributions | 10/11 | €5,741 | €6,200 | +€459 | +8.0% |
| Reserves | 13 | €15,508 | €15,508 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €513 | €513 | = | 0.0% |
| Distributable reserves | 133 | €13,135 | €14,995 | +€1,860 | +14.2% |
| Profit (loss) carried forward | 14 | -€39,794 | -€17,749 | +€22,045 | +55.4% |
| Amounts payable | 17/49 | €250,511 | €218,507 | -€32,004 | -12.8% |
| Amounts payable within one year | 42/48 | €250,511 | €218,507 | -€32,004 | -12.8% |
| Trade debts | 44 | €104,146 | €50,834 | -€53,312 | -51.2% |
| Suppliers | 440/4 | €104,146 | €50,834 | -€53,312 | -51.2% |
| Taxes, remuneration and social security | 45 | €89,992 | €70,156 | -€19,837 | -22.0% |
| Taxes | 450/3 | €35,644 | €12,219 | -€23,425 | -65.7% |
| Remuneration and social security | 454/9 | €54,348 | €57,936 | +€3,588 | +6.6% |
| Other amounts payable | 47/48 | €56,372 | €97,517 | +€41,145 | +73.0% |
| Remuneration, social security and pensions | 62 | €252,955 | €283,325 | +€30,371 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,194 | €4,619 | -€1,576 | -25.4% |
| Other operating charges | 640/8 | €4,314 | €53,390 | +€49,076 | +1137.6% |
| Gross operating margin | 9900 | €276,271 | €376,196 | +€99,925 | +36.2% |
| Operating profit (loss) | 9901 | €12,808 | €34,862 | +€22,054 | +172.2% |
| Financial income | 75/76B | €1,014 | €6,177 | +€5,163 | +509.4% |
| Recurring financial income | 75 | €1,014 | €6,177 | +€5,163 | +509.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €13,650 | €10,116 | -€3,533 | -25.9% |
| Recurring financial charges | 65 | €13,650 | €10,116 | -€3,533 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €172 | €30,922 | +€30,750 | +17878.1% |
| Income taxes | 67/77 | €922 | €8,878 | +€7,955 | +862.4% |
| Profit (loss) for the period | 9904 | -€750 | €22,045 | +€22,795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€750 | €22,045 | +€22,795 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.