WATSO: what changed
WATSO
Largest movements
- Cash -€26,415
down €26,415 (-57.4%), from €46,023 to €19,608
mainly Contributions, distributions and other (-€55,484) and Investment in fixed assets (net) (-€14,295)
- Tangible fixed assets +€6,114
up €6,114 (+21.1%), from €29,002 to €35,116
- Receivables after one year -€5,000
down €5,000 (-33.3%), from €15,000 to €10,000
- Receivables within one year -€3,699
down €3,699 (-6.4%), from €58,085 to €54,386
of which Trade receivables: -€4,812
- Deferred charges and accrued income +€3,484
up €3,484 (+166%), from €2,100 to €5,584
- Reserves -€48,136
down €48,136 (-64.4%), from €74,790 to €26,654
of which Distributable reserves: -€48,136
- Other debts +€34,716
up €34,716 (+167%), from €20,768 to €55,484
- Debts after one year -€9,395
down €9,395 (-100%), from €9,395 to €0
- Tax, wage and social debts -€3,150
down €3,150 (-36.8%), from €8,562 to €5,412
of which Taxes: -€3,150
- Trade debts +€1,840
up €1,840 (+363%), from €506 to €2,346
- Gross operating margin -€6,140
down €6,140 (-25.0%), from €24,540 to €18,400
- Financial charges -€2,698
down €2,698 (-67.9%), from €3,976 to €1,277
- Taxes -€985
down €985 (-23.4%), from €4,214 to €3,228
- Depreciation +€712
up €712 (+9.5%), from €7,468 to €8,181
- Financial income +€700
up €700 (+49.0%), from €1,428 to €2,128
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,210 | €124,694 | -€25,516 | -17.0% |
| Fixed assets | 21/28 | €29,002 | €35,116 | +€6,114 | +21.1% |
| Tangible fixed assets | 22/27 | €29,002 | €35,116 | +€6,114 | +21.1% |
| Furniture and vehicles | 24 | €29,002 | €35,116 | +€6,114 | +21.1% |
| Current assets | 29/58 | €121,208 | €89,578 | -€31,630 | -26.1% |
| Amounts receivable after more than one year | 29 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Other amounts receivable | 291 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €58,085 | €54,386 | -€3,699 | -6.4% |
| Trade receivables | 40 | €21,314 | €16,501 | -€4,812 | -22.6% |
| Other amounts receivable | 41 | €36,771 | €37,884 | +€1,113 | +3.0% |
| Cash at bank and in hand | 54/58 | €46,023 | €19,608 | -€26,415 | -57.4% |
| Deferred charges and accrued income | 490/1 | €2,100 | €5,584 | +€3,484 | +166% |
| Total equity and liabilities | 10/49 | €150,210 | €124,694 | -€25,516 | -17.0% |
| Equity | 10/15 | €93,390 | €45,254 | -€48,136 | -51.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,790 | €26,654 | -€48,136 | -64.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,930 | €24,794 | -€48,136 | -66.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,820 | €79,440 | +€22,621 | +39.8% |
| Amounts payable after more than one year | 17 | €9,395 | €0 | -€9,395 | -100% |
| Financial debts | 170/4 | €9,395 | €0 | -€9,395 | -100% |
| Amounts payable within one year | 42/48 | €47,425 | €79,440 | +€32,015 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €17,589 | €16,198 | -€1,391 | -7.9% |
| Trade debts | 44 | €506 | €2,346 | +€1,840 | +363% |
| Suppliers | 440/4 | €506 | €2,346 | +€1,840 | +363% |
| Taxes, remuneration and social security | 45 | €8,562 | €5,412 | -€3,150 | -36.8% |
| Taxes | 450/3 | €6,237 | €3,087 | -€3,150 | -50.5% |
| Remuneration and social security | 454/9 | €2,325 | €2,325 | = | 0.0% |
| Other amounts payable | 47/48 | €20,768 | €55,484 | +€34,716 | +167% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,468 | €8,181 | +€712 | +9.5% |
| Other operating charges | 640/8 | €539 | €494 | -€45 | -8.4% |
| Gross operating margin | 9900 | €24,540 | €18,400 | -€6,140 | -25.0% |
| Operating profit (loss) | 9901 | €16,533 | €9,726 | -€6,807 | -41.2% |
| Financial income | 75/76B | €1,428 | €2,128 | +€700 | +49.0% |
| Recurring financial income | 75 | €1,428 | €2,128 | +€700 | +49.0% |
| Financial charges | 65/66B | €3,976 | €1,277 | -€2,698 | -67.9% |
| Recurring financial charges | 65 | €3,976 | €1,277 | -€2,698 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | €13,985 | €10,576 | -€3,409 | -24.4% |
| Income taxes | 67/77 | €4,214 | €3,228 | -€985 | -23.4% |
| Profit (loss) for the period | 9904 | €9,771 | €7,348 | -€2,423 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,771 | €7,348 | -€2,423 | -24.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.