WATTS ON: 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 ON
Largest movements
- Cash +€44,253
up €44,253 (+296%), from €14,946 to €59,199
mainly Net result for the year (+€25,034) and Stocks and contracts (+€22,511)
- Stocks and contracts -€22,511
down €22,511 (-52.4%), from €42,982 to €20,471
- Tangible fixed assets +€3,888
up €3,888 (+267%), from €1,457 to €5,345
of which Plant, machinery and equipment: +€2,647
- Intangible fixed assets -€1,780
down €1,780 (-16.2%), from €10,959 to €9,179
- Profit (loss) carried forward +€25,034
up €25,034 (+32.0%), from -€78,185 to -€53,151
- Tax, wage and social debts -€1,680
down €1,680 (-19.4%), from €8,667 to €6,986
- Write-downs +€21,451
new in 2024: €21,451
- Gross operating margin -€4,064
down €4,064 (-6.4%), from €63,272 to €59,208
- Financial charges -€3,585
down €3,585 (-32.3%), from €11,111 to €7,526
- Depreciation +€1,097
up €1,097 (+45.2%), from €2,430 to €3,527
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.
Derived cash bridge
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 | €115,861 | €139,515 | +€23,655 | +20.4% |
| Fixed assets | 21/28 | €13,676 | €15,785 | +€2,109 | +15.4% |
| Intangible fixed assets | 21 | €10,959 | €9,179 | -€1,780 | -16.2% |
| Tangible fixed assets | 22/27 | €1,457 | €5,345 | +€3,888 | +267% |
| Plant, machinery and equipment | 23 | - | €2,647 | +€2,647 | |
| Furniture and vehicles | 24 | €1,457 | €2,698 | +€1,241 | +85.2% |
| Financial fixed assets | 28 | €1,260 | €1,260 | = | 0.0% |
| Current assets | 29/58 | €102,185 | €123,731 | +€21,546 | +21.1% |
| Stocks and contracts in progress | 3 | €42,982 | €20,471 | -€22,511 | -52.4% |
| Stocks | 30/36 | €42,982 | €20,471 | -€22,511 | -52.4% |
| Amounts receivable within one year | 40/41 | €41,573 | €42,118 | +€545 | +1.3% |
| Trade receivables | 40 | €41,573 | €42,118 | +€545 | +1.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,946 | €59,199 | +€44,253 | +296% |
| Deferred charges and accrued income | 490/1 | €2,683 | €1,943 | -€741 | -27.6% |
| Total equity and liabilities | 10/49 | €115,861 | €139,515 | +€23,655 | +20.4% |
| Equity | 10/15 | -€53,985 | -€28,951 | +€25,034 | +46.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €2,200 | €2,200 | = | 0.0% |
| Distributable reserves | 133 | €2,200 | €2,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,185 | -€53,151 | +€25,034 | +32.0% |
| Amounts payable | 17/49 | €169,845 | €168,466 | -€1,379 | -0.8% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,675 | €18,466 | -€1,209 | -6.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €10,898 | €11,370 | +€472 | +4.3% |
| Suppliers | 440/4 | €10,898 | €11,370 | +€472 | +4.3% |
| Taxes, remuneration and social security | 45 | €8,667 | €6,986 | -€1,680 | -19.4% |
| Taxes | 450/3 | €8,667 | €6,986 | -€1,680 | -19.4% |
| Other amounts payable | 47/48 | €110 | €110 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €171 | €0 | -€171 | -100% |
| Non-recurring operating income | 76A | €23,281 | €0 | -€23,281 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,430 | €3,527 | +€1,097 | +45.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,451 | +€21,451 | |
| Other operating charges | 640/8 | €1,722 | €1,257 | -€465 | -27.0% |
| Gross operating margin | 9900 | €63,272 | €59,208 | -€4,064 | -6.4% |
| Operating profit (loss) | 9901 | €59,120 | €32,973 | -€26,147 | -44.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €11,111 | €7,526 | -€3,585 | -32.3% |
| Recurring financial charges | 65 | €11,111 | €7,526 | -€3,585 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €48,010 | €25,447 | -€22,562 | -47.0% |
| Income taxes | 67/77 | €170 | €413 | +€243 | +143% |
| Profit (loss) for the period | 9904 | €47,840 | €25,034 | -€22,806 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,840 | €25,034 | -€22,806 | -47.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.