WATTRANS: 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.
WATTRANS
Largest movements
- Receivables within one year +€34,698
up €34,698 (+37.1%), from €93,401 to €128,099
of which Trade receivables: +€21,542
- Tangible fixed assets -€33,823
down €33,823 (-68.6%), from €49,310 to €15,487
of which Leasing and similar rights: -€32,874
- Cash -€22,815
down €22,815 (-9.3%), from €244,387 to €221,572
mainly Contributions, distributions and other (-€57,932) and Receivables within one year (-€34,698)
- Financial fixed assets -€4,755
down €4,755 (-64.1%), from €7,416 to €2,661
- Other debts +€58,635
up €58,635 (+140.9%), from €41,623 to €100,258
- Reserves -€42,794
down €42,794 (-31.7%), from €135,161 to €92,367
of which Distributable reserves: -€42,794
- Current portion of long-term debt -€24,424
down €24,424 (-69.8%), from €34,975 to €10,551
- Tax, wage and social debts -€14,720
down €14,720 (-27.5%), from €53,561 to €38,841
of which Taxes: -€12,339
- Debts after one year -€10,551
no longer reported in 2025 (was €10,551)
- Staff costs -€98,582
down €98,582 (-21.3%), from €461,743 to €363,161
- Gross operating margin -€74,287
down €74,287 (-15.0%), from €494,764 to €420,477
- Depreciation -€11,339
down €11,339 (-24.5%), from €46,230 to €34,891
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 | €394,914 | €368,219 | -€26,695 | -6.8% |
| Fixed assets | 21/28 | €56,726 | €18,148 | -€38,578 | -68.0% |
| Tangible fixed assets | 22/27 | €49,310 | €15,487 | -€33,823 | -68.6% |
| Furniture and vehicles | 24 | €3,697 | €2,748 | -€949 | -25.7% |
| Leasing and similar rights | 25 | €45,613 | €12,739 | -€32,874 | -72.1% |
| Financial fixed assets | 28 | €7,416 | €2,661 | -€4,755 | -64.1% |
| Current assets | 29/58 | €338,188 | €350,071 | +€11,883 | +3.5% |
| Amounts receivable within one year | 40/41 | €93,401 | €128,099 | +€34,698 | +37.1% |
| Trade receivables | 40 | €84,893 | €106,435 | +€21,542 | +25.4% |
| Other amounts receivable | 41 | €8,508 | €21,664 | +€13,156 | +154.6% |
| Cash at bank and in hand | 54/58 | €244,387 | €221,572 | -€22,815 | -9.3% |
| Deferred charges and accrued income | 490/1 | €400 | €400 | = | 0.0% |
| Total equity and liabilities | 10/49 | €394,914 | €368,219 | -€26,695 | -6.8% |
| Equity | 10/15 | €236,233 | €193,439 | -€42,794 | -18.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €135,161 | €92,367 | -€42,794 | -31.7% |
| Tax-exempt reserves | 132 | €4,885 | €4,885 | = | 0.0% |
| Distributable reserves | 133 | €130,276 | €87,482 | -€42,794 | -32.8% |
| Profit (loss) carried forward | 14 | €94,875 | €94,875 | = | 0.0% |
| Amounts payable | 17/49 | €158,681 | €174,780 | +€16,099 | +10.1% |
| Amounts payable after more than one year | 17 | €10,551 | - | -€10,551 | |
| Financial debts | 170/4 | €10,551 | - | -€10,551 | |
| Amounts payable within one year | 42/48 | €148,130 | €174,780 | +€26,650 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €34,975 | €10,551 | -€24,424 | -69.8% |
| Trade debts | 44 | €17,971 | €25,130 | +€7,159 | +39.8% |
| Suppliers | 440/4 | €17,971 | €25,130 | +€7,159 | +39.8% |
| Taxes, remuneration and social security | 45 | €53,561 | €38,841 | -€14,720 | -27.5% |
| Taxes | 450/3 | €21,978 | €9,639 | -€12,339 | -56.1% |
| Remuneration and social security | 454/9 | €31,583 | €29,202 | -€2,381 | -7.5% |
| Other amounts payable | 47/48 | €41,623 | €100,258 | +€58,635 | +140.9% |
| Non-recurring operating income | 76A | €25,431 | €7,500 | -€17,931 | -70.5% |
| Remuneration, social security and pensions | 62 | €461,743 | €363,161 | -€98,582 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,230 | €34,891 | -€11,339 | -24.5% |
| Other operating charges | 640/8 | €3,985 | €3,903 | -€82 | -2.1% |
| Gross operating margin | 9900 | €494,764 | €420,477 | -€74,287 | -15.0% |
| Operating profit (loss) | 9901 | -€17,194 | €18,522 | +€35,716 | |
| Financial income | 75/76B | €1,767 | €2,760 | +€993 | +56.2% |
| Recurring financial income | 75 | €1,767 | €2,760 | +€993 | +56.2% |
| Financial charges | 65/66B | €3,120 | €1,812 | -€1,308 | -41.9% |
| Recurring financial charges | 65 | €3,120 | €1,812 | -€1,308 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,547 | €19,470 | +€38,017 | |
| Income taxes | 67/77 | - | €4,332 | +€4,332 | |
| Profit (loss) for the period | 9904 | -€18,547 | €15,138 | +€33,685 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,547 | €15,138 | +€33,685 |
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 9 October 2026 via checked.be.