Are you using any mods? these may affect the game. If so repeat without the mods.
Yes I am.
18:13:21 Mod: D:\STEAM\STEAMAPPS\COMMON\SCOURGE OF WAR WATERLOO\Mods\Packed Terrain Sprites
18:13:21 Mod: D:\STEAM\STEAMAPPS\COMMON\SCOURGE OF WAR WATERLOO\Mods\Slower_Animations
18:13:21 Mod: D:\STEAM\STEAMAPPS\COMMON\SCOURGE OF WAR WATERLOO\Mods\Custom-Sandbox
18:13:21 Mod: D:\STEAM\STEAMAPPS\COMMON\SCOURGE OF WAR WATERLOO\Mods\Realistic Smoke light version
18:13:21 Mod: D:\STEAM\STEAMAPPS\COMMON\SCOURGE OF WAR WATERLOO\Mods\ShrapnelEx
18:13:21 Mod: D:\STEAM\STEAMAPPS\COMMON\SCOURGE OF WAR WATERLOO\Mods\Foot Guards
18:13:21 Mod: D:\STEAM\STEAMAPPS\COMMON\SCOURGE OF WAR WATERLOO\Mods\Ch a Ch Garde and Pr Landwehr Cav
18:13:21 Mod: D:\STEAM\STEAMAPPS\COMMON\SCOURGE OF WAR WATERLOO\Mods\Full_French_Campaign
18:13:21 Mod: D:\STEAM\STEAMAPPS\COMMON\SCOURGE OF WAR WATERLOO\Mods\BloodBath Waterloo
18:13:21 Mod: D:\STEAM\STEAMAPPS\COMMON\SCOURGE OF WAR WATERLOO\Mods\Expanded Toolbar V - Grog
I'll try again without any mods.