WATTS BY SUN: 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.
WATTS BY SUN
Largest movements
- Intangible fixed assets -€11,429
down €11,429 (-17.1%), from €66,730 to €55,302
- Cash +€11,401
up €11,401 (+13.5%), from €84,150 to €95,551
mainly Depreciation (+€19,682) and Net result for the year (+€15,460)
- Stocks and contracts -€5,477
down €5,477 (-21.5%), from €25,464 to €19,987
- Tangible fixed assets +€3,067
up €3,067 (+10.4%), from €29,468 to €32,536
of which Furniture and vehicles: +€4,656
- Deferred charges and accrued income +€2,465
up €2,465 (+38.9%), from €6,339 to €8,804
- Other debts -€25,687
down €25,687 (-74.2%), from €34,606 to €8,919
- Profit (loss) carried forward +€15,460
up €15,460 (+10.8%), from €142,765 to €158,226
- Trade debts +€9,853
up €9,853 (+2,517%), from €391 to €10,244
- Tax, wage and social debts +€6,058
up €6,058 (+14.6%), from €41,446 to €47,504
of which Taxes: +€3,918
- Accrued charges and deferred income -€4,045
down €4,045 (-100%), from €4,045 to €0
- Gross operating margin -€164,022
down €164,022 (-80.3%), from €204,282 to €40,260
- Taxes -€37,528
down €37,528 (-90.5%), from €41,446 to €3,918
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 | €226,253 | €227,892 | +€1,639 | +0.7% |
| Fixed assets | 21/28 | €96,254 | €87,893 | -€8,361 | -8.7% |
| Intangible fixed assets | 21 | €66,730 | €55,302 | -€11,429 | -17.1% |
| Tangible fixed assets | 22/27 | €29,468 | €32,536 | +€3,067 | +10.4% |
| Plant, machinery and equipment | 23 | €5,145 | €3,979 | -€1,166 | -22.7% |
| Furniture and vehicles | 24 | €20,179 | €24,835 | +€4,656 | +23.1% |
| Other tangible fixed assets | 26 | €4,144 | €3,721 | -€423 | -10.2% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €129,999 | €139,999 | +€10,001 | +7.7% |
| Stocks and contracts in progress | 3 | €25,464 | €19,987 | -€5,477 | -21.5% |
| Stocks | 30/36 | €25,464 | €19,987 | -€5,477 | -21.5% |
| Amounts receivable within one year | 40/41 | €14,046 | €15,658 | +€1,613 | +11.5% |
| Trade receivables | 40 | €7,056 | €8,596 | +€1,540 | +21.8% |
| Other amounts receivable | 41 | €6,990 | €7,063 | +€73 | +1.0% |
| Cash at bank and in hand | 54/58 | €84,150 | €95,551 | +€11,401 | +13.5% |
| Deferred charges and accrued income | 490/1 | €6,339 | €8,804 | +€2,465 | +38.9% |
| Total equity and liabilities | 10/49 | €226,253 | €227,892 | +€1,639 | +0.7% |
| Equity | 10/15 | €145,765 | €161,226 | +€15,460 | +10.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,765 | €158,226 | +€15,460 | +10.8% |
| Amounts payable | 17/49 | €80,488 | €66,667 | -€13,821 | -17.2% |
| Amounts payable within one year | 42/48 | €76,443 | €66,667 | -€9,776 | -12.8% |
| Trade debts | 44 | €391 | €10,244 | +€9,853 | +2,517% |
| Suppliers | 440/4 | €391 | €10,244 | +€9,853 | +2,517% |
| Taxes, remuneration and social security | 45 | €41,446 | €47,504 | +€6,058 | +14.6% |
| Taxes | 450/3 | €41,446 | €45,364 | +€3,918 | +9.5% |
| Remuneration and social security | 454/9 | - | €2,140 | +€2,140 | |
| Other amounts payable | 47/48 | €34,606 | €8,919 | -€25,687 | -74.2% |
| Accrued charges and deferred income | 492/3 | €4,045 | €0 | -€4,045 | -100% |
| Non-recurring operating income | 76A | - | €1,850 | +€1,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,332 | €19,682 | +€1,351 | +7.4% |
| Other operating charges | 640/8 | €1,749 | €865 | -€884 | -50.5% |
| Non-recurring operating charges | 66A | - | €176 | +€176 | |
| Gross operating margin | 9900 | €204,282 | €40,260 | -€164,022 | -80.3% |
| Operating profit (loss) | 9901 | €184,202 | €19,536 | -€164,666 | -89.4% |
| Financial income | 75/76B | €144 | €4 | -€141 | -97.6% |
| Recurring financial income | 75 | €144 | €4 | -€141 | -97.6% |
| Financial charges | 65/66B | €135 | €161 | +€26 | +19.6% |
| Recurring financial charges | 65 | €135 | €161 | +€26 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €184,211 | €19,378 | -€164,833 | -89.5% |
| Income taxes | 67/77 | €41,446 | €3,918 | -€37,528 | -90.5% |
| Profit (loss) for the period | 9904 | €142,765 | €15,460 | -€127,305 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €142,765 | €15,460 | -€127,305 | -89.2% |
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 30 October 2026 via checked.be.