WATTSON LIGHT: 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.
WATTSON LIGHT
Largest movements
- Receivables within one year +€116,286
up €116,286 (+317.7%), from €36,599 to €152,885
of which Trade receivables: +€120,030
- Stocks and contracts -€87,000
down €87,000 (-80.4%), from €108,145 to €21,145
- Cash +€28,642
up €28,642 (+233.9%), from €12,244 to €40,886
mainly Stocks and contracts (+€87,000) and Trade debts (+€70,126)
- Tangible fixed assets -€14,301
down €14,301 (-36.5%), from €39,135 to €24,834
of which Other tangible fixed assets: -€14,015
- Intangible fixed assets -€4,702
down €4,702 (-35.9%), from €13,104 to €8,402
- Trade debts +€70,126
up €70,126 (+54.2%), from €129,343 to €199,468
- Other debts -€41,706
down €41,706 (-32.0%), from €130,328 to €88,622
- Tax, wage and social debts +€25,235
up €25,235 (+3624.2%), from €696 to €25,931
- Debts after one year -€21,218
down €21,218 (-40.9%), from €51,917 to €30,699
- Profit (loss) carried forward +€7,560
up €7,560 (+5.5%), from -€137,068 to -€129,508
- Gross operating margin +€44,837
up €44,837, from -€7,533 to €37,304
- Financial charges +€3,569
up €3,569 (+45.7%), from €7,818 to €11,387
- Financial income +€1,080
up €1,080 (+3398.2%), from €32 to €1,111
- Depreciation -€710
down €710 (-3.6%), from €19,713 to €19,003
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 | €209,727 | €248,152 | +€38,425 | +18.3% |
| Fixed assets | 21/28 | €52,239 | €33,236 | -€19,003 | -36.4% |
| Intangible fixed assets | 21 | €13,104 | €8,402 | -€4,702 | -35.9% |
| Tangible fixed assets | 22/27 | €39,135 | €24,834 | -€14,301 | -36.5% |
| Furniture and vehicles | 24 | €780 | €494 | -€287 | -36.7% |
| Other tangible fixed assets | 26 | €38,355 | €24,340 | -€14,015 | -36.5% |
| Current assets | 29/58 | €157,488 | €214,916 | +€57,428 | +36.5% |
| Stocks and contracts in progress | 3 | €108,145 | €21,145 | -€87,000 | -80.4% |
| Stocks | 30/36 | €108,145 | €21,145 | -€87,000 | -80.4% |
| Amounts receivable within one year | 40/41 | €36,599 | €152,885 | +€116,286 | +317.7% |
| Trade receivables | 40 | €32,856 | €152,885 | +€120,030 | +365.3% |
| Other amounts receivable | 41 | €3,744 | - | -€3,744 | |
| Cash at bank and in hand | 54/58 | €12,244 | €40,886 | +€28,642 | +233.9% |
| Deferred charges and accrued income | 490/1 | €500 | - | -€500 | |
| Total equity and liabilities | 10/49 | €209,727 | €248,152 | +€38,425 | +18.3% |
| Equity | 10/15 | -€127,068 | -€119,508 | +€7,560 | +5.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,068 | -€129,508 | +€7,560 | +5.5% |
| Amounts payable | 17/49 | €336,795 | €367,660 | +€30,865 | +9.2% |
| Amounts payable after more than one year | 17 | €51,917 | €30,699 | -€21,218 | -40.9% |
| Financial debts | 170/4 | €51,917 | €30,699 | -€21,218 | -40.9% |
| Amounts payable within one year | 42/48 | €284,878 | €336,961 | +€52,083 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €22,868 | €22,939 | +€72 | +0.3% |
| Trade debts | 44 | €129,343 | €199,468 | +€70,126 | +54.2% |
| Suppliers | 440/4 | €129,343 | €199,468 | +€70,126 | +54.2% |
| Advances received on contracts in progress | 46 | €1,644 | - | -€1,644 | |
| Taxes, remuneration and social security | 45 | €696 | €25,931 | +€25,235 | +3624.2% |
| Taxes | 450/3 | €696 | €25,931 | +€25,235 | +3624.2% |
| Other amounts payable | 47/48 | €130,328 | €88,622 | -€41,706 | -32.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,713 | €19,003 | -€710 | -3.6% |
| Other operating charges | 640/8 | €387 | €465 | +€78 | +20.2% |
| Gross operating margin | 9900 | -€7,533 | €37,304 | +€44,837 | |
| Operating profit (loss) | 9901 | -€27,633 | €17,835 | +€45,468 | |
| Financial income | 75/76B | €32 | €1,111 | +€1,080 | +3398.2% |
| Recurring financial income | 75 | €32 | €1,111 | +€1,080 | +3398.2% |
| Financial charges | 65/66B | €7,818 | €11,387 | +€3,569 | +45.7% |
| Recurring financial charges | 65 | €7,818 | €11,387 | +€3,569 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,419 | €7,560 | +€42,979 | |
| Profit (loss) for the period | 9904 | -€35,419 | €7,560 | +€42,979 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,419 | €7,560 | +€42,979 |
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 3 October 2026 via checked.be.