WATTYN: 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.
WATTYN
Largest movements
- Receivables after one year +€102,229
up €102,229 (+419%), from €24,389 to €126,618
- Receivables within one year -€15,461
down €15,461 (-43.2%), from €35,777 to €20,317
of which Other amounts receivable: -€15,611
- Cash +€15,078
up €15,078 (+58.7%), from €25,672 to €40,751
mainly Net result for the year (+€84,785) and Receivables within one year (+€15,461)
- Tangible fixed assets -€12,186
down €12,186 (-26.2%), from €46,474 to €34,288
- Reserves +€84,785
up €84,785 (+86.6%), from €97,893 to €182,677
- Tax, wage and social debts +€4,476
up €4,476 (+14.0%), from €31,920 to €36,396
- Gross operating margin +€17,732
up €17,732 (+17.8%), from €99,893 to €117,625
- Taxes +€4,420
up €4,420 (+24.0%), from €18,422 to €22,842
- Financial income +€2,425
up €2,425 (+2,291%), from €106 to €2,531
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 | €132,313 | €221,974 | +€89,661 | +67.8% |
| Fixed assets | 21/28 | €46,474 | €34,288 | -€12,186 | -26.2% |
| Tangible fixed assets | 22/27 | €46,474 | €34,288 | -€12,186 | -26.2% |
| Furniture and vehicles | 24 | €46,474 | €34,288 | -€12,186 | -26.2% |
| Current assets | 29/58 | €85,839 | €187,686 | +€101,847 | +119% |
| Amounts receivable after more than one year | 29 | €24,389 | €126,618 | +€102,229 | +419% |
| Other amounts receivable | 291 | €24,389 | €126,618 | +€102,229 | +419% |
| Amounts receivable within one year | 40/41 | €35,777 | €20,317 | -€15,461 | -43.2% |
| Trade receivables | 40 | €20,167 | €20,317 | +€150 | +0.7% |
| Other amounts receivable | 41 | €15,611 | - | -€15,611 | |
| Cash at bank and in hand | 54/58 | €25,672 | €40,751 | +€15,078 | +58.7% |
| Total equity and liabilities | 10/49 | €132,313 | €221,974 | +€89,661 | +67.8% |
| Equity | 10/15 | €100,393 | €185,177 | +€84,785 | +84.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €97,893 | €182,677 | +€84,785 | +86.6% |
| Distributable reserves | 133 | €97,893 | €182,677 | +€84,785 | +86.6% |
| Amounts payable | 17/49 | €31,920 | €36,796 | +€4,876 | +15.3% |
| Amounts payable within one year | 42/48 | €31,920 | €36,796 | +€4,876 | +15.3% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €31,920 | €36,396 | +€4,476 | +14.0% |
| Taxes | 450/3 | €31,920 | €36,396 | +€4,476 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,186 | €12,186 | = | 0.0% |
| Other operating charges | 640/8 | €190 | €194 | +€4 | +2.1% |
| Gross operating margin | 9900 | €99,893 | €117,625 | +€17,732 | +17.8% |
| Operating profit (loss) | 9901 | €87,517 | €105,246 | +€17,729 | +20.3% |
| Financial income | 75/76B | €106 | €2,531 | +€2,425 | +2,291% |
| Recurring financial income | 75 | €106 | €2,531 | +€2,425 | +2,291% |
| Financial charges | 65/66B | €931 | €150 | -€781 | -83.9% |
| Recurring financial charges | 65 | €931 | €150 | -€781 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €86,692 | €107,626 | +€20,934 | +24.1% |
| Income taxes | 67/77 | €18,422 | €22,842 | +€4,420 | +24.0% |
| Profit (loss) for the period | 9904 | €68,270 | €84,785 | +€16,514 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,270 | €84,785 | +€16,514 | +24.2% |
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 13 October 2026 via checked.be.