WTR PHL: 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.
WTR PHL
Largest movements
- Tangible fixed assets +€602,505
up €602,505 (+903%), from €66,728 to €669,233
of which Other tangible fixed assets: +€309,704
- Cash +€19,731
up €19,731 (+785%), from €2,514 to €22,246
mainly Debts after one year (+€508,105) and Current portion of long-term debt (+€84,409)
- Receivables within one year -€8,301
down €8,301 (-14.0%), from €59,369 to €51,068
of which Trade receivables: -€4,892
- Debts after one year +€508,105
up €508,105 (+917%), from €55,386 to €563,491
of which Other amounts payable: +€359,000
- Current portion of long-term debt +€84,409
up €84,409 (+311%), from €27,121 to €111,531
- Profit (loss) carried forward +€14,745
up €14,745 (+408%), from €3,618 to €18,363
- Trade debts +€11,351
up €11,351 (+145%), from €7,824 to €19,175
- Depreciation +€32,551
up €32,551 (+677%), from €4,810 to €37,361
- Gross operating margin +€22,306
up €22,306 (+45.1%), from €49,474 to €71,780
- Financial charges +€6,552
up €6,552 (+371%), from €1,768 to €8,319
- Taxes -€4,468
down €4,468 (-48.8%), from €9,147 to €4,679
- Other operating charges +€3,630
up €3,630 (+105%), from €3,464 to €7,094
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 | €130,137 | €744,592 | +€614,456 | +472% |
| Fixed assets | 21/28 | €66,728 | €669,233 | +€602,505 | +903% |
| Tangible fixed assets | 22/27 | €66,728 | €669,233 | +€602,505 | +903% |
| Land and buildings | 22 | - | €278,928 | +€278,928 | |
| Furniture and vehicles | 24 | €4,707 | €7,348 | +€2,641 | +56.1% |
| Other tangible fixed assets | 26 | €62,020 | €371,724 | +€309,704 | +499% |
| Assets under construction and advance payments | 27 | - | €11,232 | +€11,232 | |
| Current assets | 29/58 | €63,409 | €75,360 | +€11,950 | +18.8% |
| Amounts receivable within one year | 40/41 | €59,369 | €51,068 | -€8,301 | -14.0% |
| Trade receivables | 40 | €55,580 | €50,687 | -€4,892 | -8.8% |
| Other amounts receivable | 41 | €3,789 | €381 | -€3,409 | -90.0% |
| Cash at bank and in hand | 54/58 | €2,514 | €22,246 | +€19,731 | +785% |
| Deferred charges and accrued income | 490/1 | €1,526 | €2,046 | +€520 | +34.1% |
| Total equity and liabilities | 10/49 | €130,137 | €744,592 | +€614,456 | +472% |
| Equity | 10/15 | €6,618 | €21,363 | +€14,745 | +223% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,618 | €18,363 | +€14,745 | +408% |
| Amounts payable | 17/49 | €123,519 | €723,230 | +€599,711 | +486% |
| Amounts payable after more than one year | 17 | €55,386 | €563,491 | +€508,105 | +917% |
| Financial debts | 170/4 | €33,886 | €182,991 | +€149,105 | +440% |
| Other amounts payable | 178/9 | €21,500 | €380,500 | +€359,000 | +1,670% |
| Amounts payable within one year | 42/48 | €68,133 | €159,739 | +€91,606 | +134% |
| Current portion of amounts payable after more than one year | 42 | €27,121 | €111,531 | +€84,409 | +311% |
| Trade debts | 44 | €7,824 | €19,175 | +€11,351 | +145% |
| Suppliers | 440/4 | €7,824 | €19,175 | +€11,351 | +145% |
| Taxes, remuneration and social security | 45 | €33,153 | €26,181 | -€6,972 | -21.0% |
| Taxes | 450/3 | €33,153 | €26,181 | -€6,972 | -21.0% |
| Other amounts payable | 47/48 | €34 | €2,852 | +€2,818 | +8,249% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,810 | €37,361 | +€32,551 | +677% |
| Other operating charges | 640/8 | €3,464 | €7,094 | +€3,630 | +105% |
| Gross operating margin | 9900 | €49,474 | €71,780 | +€22,306 | +45.1% |
| Operating profit (loss) | 9901 | €41,200 | €27,325 | -€13,875 | -33.7% |
| Financial income | 75/76B | - | €418 | +€418 | |
| Recurring financial income | 75 | - | €418 | +€418 | |
| Financial charges | 65/66B | €1,768 | €8,319 | +€6,552 | +371% |
| Recurring financial charges | 65 | €1,768 | €8,319 | +€6,552 | +371% |
| Profit (loss) for the period before taxes | 9903 | €39,432 | €19,423 | -€20,009 | -50.7% |
| Income taxes | 67/77 | €9,147 | €4,679 | -€4,468 | -48.8% |
| Profit (loss) for the period | 9904 | €30,286 | €14,745 | -€15,541 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,286 | €14,745 | -€15,541 | -51.3% |
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 19 October 2026 via checked.be.