Whaterman: 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.
Whaterman
Largest movements
- Current investments -€13,000
down €13,000 (-33.3%), from €39,000 to €26,000
- Cash +€12,425
up €12,425 (+57.2%), from €21,739 to €34,164
mainly Current investments (+€13,000) and Depreciation (+€1,355)
- Tangible fixed assets -€1,355
no longer reported in 2025 (was €1,355)
- Profit (loss) carried forward -€1,930
down €1,930 (-80.6%), from -€2,394 to -€4,324
- Staff costs +€804
new in 2025: €804
- Gross operating margin +€387
up €387 (+40.3%), from -€962 to -€575
- Financial income -€287
down €287 (-17.2%), from €1,666 to €1,379
- Taxes -€107
down €107, from €54 to -€54
- Financial charges -€64
down €64 (-68.0%), from €94 to €30
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 | €62,094 | €60,164 | -€1,930 | -3.1% |
| Fixed assets | 21/28 | €1,355 | - | -€1,355 | |
| Tangible fixed assets | 22/27 | €1,355 | - | -€1,355 | |
| Furniture and vehicles | 24 | €1,355 | - | -€1,355 | |
| Current assets | 29/58 | €60,739 | €60,164 | -€575 | -0.9% |
| Current investments | 50/53 | €39,000 | €26,000 | -€13,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €21,739 | €34,164 | +€12,425 | +57.2% |
| Total equity and liabilities | 10/49 | €62,094 | €60,164 | -€1,930 | -3.1% |
| Equity | 10/15 | €59,390 | €57,459 | -€1,930 | -3.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €49,383 | €49,383 | = | 0.0% |
| Distributable reserves | 133 | €49,383 | €49,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,394 | -€4,324 | -€1,930 | -80.6% |
| Amounts payable | 17/49 | €2,705 | €2,705 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,705 | €2,705 | = | 0.0% |
| Other amounts payable | 47/48 | €2,705 | €2,705 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €804 | +€804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,355 | €1,355 | +€0 | 0.0% |
| Other operating charges | 640/8 | €618 | €600 | -€18 | -3.0% |
| Gross operating margin | 9900 | -€962 | -€575 | +€387 | +40.3% |
| Operating profit (loss) | 9901 | -€2,935 | -€3,333 | -€398 | -13.6% |
| Financial income | 75/76B | €1,666 | €1,379 | -€287 | -17.2% |
| Recurring financial income | 75 | €1,666 | €1,379 | -€287 | -17.2% |
| Financial charges | 65/66B | €94 | €30 | -€64 | -68.0% |
| Recurring financial charges | 65 | €94 | €30 | -€64 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,363 | -€1,984 | -€621 | -45.6% |
| Income taxes | 67/77 | €54 | -€54 | -€107 | |
| Profit (loss) for the period | 9904 | -€1,416 | -€1,930 | -€514 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,416 | -€1,930 | -€514 | -36.3% |
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 9 October 2026 via checked.be.