WATTSOLUTIONS: 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.
WATTSOLUTIONS
Largest movements
- Stocks and contracts -€25,230
down €25,230 (-36.1%), from €69,795 to €44,565
- Cash +€16,320
up €16,320 (+6.7%), from €244,266 to €260,587
mainly Other debts (+€40,916) and Stocks and contracts (+€25,230)
- Receivables within one year -€15,151
down €15,151 (-48.6%), from €31,145 to €15,995
- Tangible fixed assets +€14,958
up €14,958 (+2034.9%), from €735 to €15,693
- Other debts +€40,916
up €40,916 (+14.4%), from €283,279 to €324,195
- Trade debts -€32,917
down €32,917 (-74.1%), from €44,438 to €11,521
- Tax, wage and social debts -€17,263
down €17,263 (-73.3%), from €23,536 to €6,273
- Gross operating margin +€6,537
up €6,537, from -€3,103 to €3,434
- Depreciation -€998
down €998 (-48.9%), from €2,041 to €1,044
- Financial charges -€310
down €310 (-87.8%), from €353 to €43
of which Non-recurring financial charges: -€233
- Other operating charges +€120
new in 2025: €120
- Financial income -€40
down €40 (-23.2%), from €172 to €132
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 | €347,826 | €340,922 | -€6,904 | -2.0% |
| Formation expenses | 20 | €450 | - | -€450 | |
| Fixed assets | 21/28 | €735 | €18,743 | +€18,008 | +2449.8% |
| Tangible fixed assets | 22/27 | €735 | €15,693 | +€14,958 | +2034.9% |
| Furniture and vehicles | 24 | €735 | €15,693 | +€14,958 | +2034.9% |
| Financial fixed assets | 28 | - | €3,050 | +€3,050 | |
| Current assets | 29/58 | €346,641 | €322,179 | -€24,462 | -7.1% |
| Stocks and contracts in progress | 3 | €69,795 | €44,565 | -€25,230 | -36.1% |
| Stocks | 30/36 | €69,795 | €44,565 | -€25,230 | -36.1% |
| Amounts receivable within one year | 40/41 | €31,145 | €15,995 | -€15,151 | -48.6% |
| Trade receivables | 40 | €31,145 | €15,995 | -€15,151 | -48.6% |
| Cash at bank and in hand | 54/58 | €244,266 | €260,587 | +€16,320 | +6.7% |
| Deferred charges and accrued income | 490/1 | €1,434 | €1,032 | -€401 | -28.0% |
| Total equity and liabilities | 10/49 | €347,826 | €340,922 | -€6,904 | -2.0% |
| Equity | 10/15 | -€3,429 | -€1,068 | +€2,361 | +68.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,429 | -€4,068 | +€2,361 | +36.7% |
| Amounts payable | 17/49 | €351,254 | €341,990 | -€9,264 | -2.6% |
| Amounts payable within one year | 42/48 | €351,254 | €341,990 | -€9,264 | -2.6% |
| Trade debts | 44 | €44,438 | €11,521 | -€32,917 | -74.1% |
| Suppliers | 440/4 | €44,438 | €11,521 | -€32,917 | -74.1% |
| Taxes, remuneration and social security | 45 | €23,536 | €6,273 | -€17,263 | -73.3% |
| Taxes | 450/3 | €23,536 | €6,273 | -€17,263 | -73.3% |
| Other amounts payable | 47/48 | €283,279 | €324,195 | +€40,916 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,041 | €1,044 | -€998 | -48.9% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Non-recurring operating charges | 66A | €1,102 | - | -€1,102 | |
| Gross operating margin | 9900 | -€3,103 | €3,434 | +€6,537 | |
| Operating profit (loss) | 9901 | -€6,246 | €2,271 | +€8,517 | |
| Financial income | 75/76B | €172 | €132 | -€40 | -23.2% |
| Recurring financial income | 75 | €172 | €132 | -€40 | -23.2% |
| Financial charges | 65/66B | €353 | €43 | -€310 | -87.8% |
| Recurring financial charges | 65 | €120 | €43 | -€77 | -64.1% |
| Non-recurring financial charges | 66B | €233 | - | -€233 | |
| Profit (loss) for the period before taxes | 9903 | -€6,428 | €2,360 | +€8,787 | |
| Income taxes | 67/77 | €1 | -€1 | -€2 | |
| Profit (loss) for the period | 9904 | -€6,429 | €2,361 | +€8,789 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,429 | €2,361 | +€8,789 |
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 30 September 2026 via checked.be.