AL WARRAD: 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.
AL WARRAD
Largest movements
- Cash +€42,411
up €42,411 (+124%), from €34,190 to €76,601
mainly Net result for the year (+€51,526) and Tax, wage and social debts (+€21,013)
- Receivables within one year +€16,131
up €16,131 (+15.7%), from €102,956 to €119,087
of which Other amounts receivable: +€15,555
- Reserves +€51,526
up €51,526 (+76.4%), from €67,482 to €119,008
- Tax, wage and social debts +€21,013
up €21,013 (+77.5%), from €27,114 to €48,127
of which Taxes: +€21,783
- Debts after one year -€13,272
down €13,272 (-50.3%), from €26,397 to €13,125
- Gross operating margin +€16,264
up €16,264 (+9.9%), from €163,562 to €179,826
- Staff costs -€11,848
down €11,848 (-11.4%), from €104,092 to €92,244
- Taxes +€7,374
up €7,374 (+53.5%), from €13,793 to €21,168
- Financial charges -€5,561
down €5,561 (-73.2%), from €7,594 to €2,034
- Depreciation +€1,827
up €1,827 (+16.9%), from €10,813 to €12,640
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,863 | €248,329 | +€60,466 | +32.2% |
| Fixed assets | 21/28 | €44,136 | €45,867 | +€1,731 | +3.9% |
| Tangible fixed assets | 22/27 | €37,136 | €38,867 | +€1,731 | +4.7% |
| Plant, machinery and equipment | 23 | €37,136 | €25,789 | -€11,347 | -30.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | - | €13,079 | +€13,079 | |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €143,727 | €202,462 | +€58,735 | +40.9% |
| Stocks and contracts in progress | 3 | €6,420 | €6,420 | = | 0.0% |
| Stocks | 30/36 | €6,420 | €6,420 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €102,956 | €119,087 | +€16,131 | +15.7% |
| Trade receivables | 40 | - | €576 | +€576 | |
| Other amounts receivable | 41 | €102,956 | €118,511 | +€15,555 | +15.1% |
| Cash at bank and in hand | 54/58 | €34,190 | €76,601 | +€42,411 | +124% |
| Deferred charges and accrued income | 490/1 | €162 | €355 | +€193 | +119% |
| Total equity and liabilities | 10/49 | €187,863 | €248,329 | +€60,466 | +32.2% |
| Equity | 10/15 | €86,082 | €137,608 | +€51,526 | +59.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,482 | €119,008 | +€51,526 | +76.4% |
| Distributable reserves | 133 | €67,482 | €119,008 | +€51,526 | +76.4% |
| Amounts payable | 17/49 | €101,781 | €110,721 | +€8,940 | +8.8% |
| Amounts payable after more than one year | 17 | €26,397 | €13,125 | -€13,272 | -50.3% |
| Financial debts | 170/4 | €26,397 | €13,125 | -€13,272 | -50.3% |
| Amounts payable within one year | 42/48 | €75,383 | €97,596 | +€22,213 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €9,730 | €12,072 | +€2,343 | +24.1% |
| Trade debts | 44 | €38,540 | €37,397 | -€1,143 | -3.0% |
| Suppliers | 440/4 | €38,540 | €37,397 | -€1,143 | -3.0% |
| Taxes, remuneration and social security | 45 | €27,114 | €48,127 | +€21,013 | +77.5% |
| Taxes | 450/3 | €18,520 | €40,303 | +€21,783 | +118% |
| Remuneration and social security | 454/9 | €8,594 | €7,824 | -€770 | -9.0% |
| Remuneration, social security and pensions | 62 | €104,092 | €92,244 | -€11,848 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,813 | €12,640 | +€1,827 | +16.9% |
| Other operating charges | 640/8 | €1,394 | €226 | -€1,168 | -83.8% |
| Gross operating margin | 9900 | €163,562 | €179,826 | +€16,264 | +9.9% |
| Operating profit (loss) | 9901 | €47,264 | €74,716 | +€27,452 | +58.1% |
| Financial income | 75/76B | €78 | €11 | -€67 | -86.3% |
| Recurring financial income | 75 | €78 | €11 | -€67 | -86.3% |
| Financial charges | 65/66B | €7,594 | €2,034 | -€5,561 | -73.2% |
| Recurring financial charges | 65 | €7,594 | €2,034 | -€5,561 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €39,748 | €72,693 | +€32,945 | +82.9% |
| Income taxes | 67/77 | €13,793 | €21,168 | +€7,374 | +53.5% |
| Profit (loss) for the period | 9904 | €25,955 | €51,526 | +€25,571 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,955 | €51,526 | +€25,571 | +98.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.