All Warehousing: 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.
What changed
All Warehousing
NACE 77.320, Rental and leasing activities
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2025 · €940,634+€409,435
Equity
€4.0m
2025 · €2.6m+€1.3m
Cash
€149,415
2025 · €95,009+€54,406
Balance sheet total
€4.1m
2025 · €2.9m+€1.3m
Largest movements
Assets
- Current investments +€1.2m
up €1.2m (+82.7%), from €1.5m to €2.6m
- Cash +€54,406
up €54,406 (+57.3%), from €95,009 to €149,415
mainly Net result for the year (+€1.4m) and Other debts (+€22,478)
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+50.6%), from €2.6m to €3.9m
of which Distributable reserves: +€1.3m
- Trade debts -€61,198
down €61,198 (-48.1%), from €127,227 to €66,029
Income statement
- Financial income +€374,933
up €374,933 (+44.1%), from €851,089 to €1.2m
- Services and other goods -€49,094
down €49,094 (-13.5%), from €363,898 to €314,804
- Taxes +€7,363
up €7,363 (+18.6%), from €39,548 to €46,911
of which Taxes: +€7,766
- Depreciation +€5,075
up €5,075 (+39.3%), from €12,908 to €17,983
From the 2025 result to the 2026 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.
Result 2025
€940,634
Turnover
+€2,469
Other operating income
-€3,388
Services and other goods
+€49,094
Depreciation
-€5,075
Other operating charges
-€433
Financial income
+€374,933
Financial charges
-€802
Taxes
-€7,363
Result 2026
€1.4m
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.3m
Investment
-€1.3m
Financing
-€40,000
Cash 2025
€95,009
From operations (derived)
+€1.3m
Net result for the year
+€1.4m
Depreciation
+€17,983
Receivables within one year
+€7,412
Trade debts
-€61,198
Tax, wage and social debts
+€11,293
Other debts
+€22,478
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€55,000
Current investments
-€1.2m
Financing
-€40,000
Contributions, distributions and other
-€40,000
Cash 2026
€149,415
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,863,568 | €4,146,210 | +€1.3m | +44.8% |
| Fixed assets | 21/28 | €1,089,920 | €1,126,937 | +€37,017 | +3.4% |
| Tangible fixed assets | 22/27 | €11,495 | €48,512 | +€37,017 | +322% |
| Plant, machinery and equipment | 23 | €9,608 | €48,512 | +€38,904 | +405% |
| Furniture and vehicles | 24 | €1,887 | - | -€1,887 | |
| Financial fixed assets | 28 | €1,078,425 | €1,078,425 | = | 0.0% |
| Affiliated companies | 280/1 | €1,078,425 | €1,078,425 | = | 0.0% |
| Participating interests | 280 | €1,078,425 | €1,078,425 | = | 0.0% |
| Current assets | 29/58 | €1,773,648 | €3,019,273 | +€1.2m | +70.2% |
| Amounts receivable within one year | 40/41 | €228,639 | €221,227 | -€7,412 | -3.2% |
| Trade receivables | 40 | €64,077 | €111,300 | +€47,223 | +73.7% |
| Other amounts receivable | 41 | €164,562 | €109,927 | -€54,635 | -33.2% |
| Current investments | 50/53 | €1,450,000 | €2,648,631 | +€1.2m | +82.7% |
| Other investments | 51/53 | €1,450,000 | €2,648,631 | +€1.2m | +82.7% |
| Cash at bank and in hand | 54/58 | €95,009 | €149,415 | +€54,406 | +57.3% |
| Total equity and liabilities | 10/49 | €2,863,568 | €4,146,210 | +€1.3m | +44.8% |
| Equity | 10/15 | €2,649,361 | €3,959,430 | +€1.3m | +49.4% |
| Contributions | 10/11 | €61,506 | €61,506 | = | 0.0% |
| Capital | 10 | €61,506 | €61,506 | = | 0.0% |
| Issued capital | 100 | €61,506 | €61,506 | = | 0.0% |
| Reserves | 13 | €2,587,855 | €3,897,924 | +€1.3m | +50.6% |
| Non-distributable reserves | 130/1 | €6,151 | €6,151 | = | 0.0% |
| Legal reserve | 130 | €6,151 | €6,151 | = | 0.0% |
| Distributable reserves | 133 | €2,581,704 | €3,891,773 | +€1.3m | +50.7% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €189,207 | €161,780 | -€27,427 | -14.5% |
| Amounts payable within one year | 42/48 | €189,207 | €161,780 | -€27,427 | -14.5% |
| Trade debts | 44 | €127,227 | €66,029 | -€61,198 | -48.1% |
| Suppliers | 440/4 | €127,227 | €66,029 | -€61,198 | -48.1% |
| Taxes, remuneration and social security | 45 | €20,948 | €32,241 | +€11,293 | +53.9% |
| Taxes | 450/3 | €20,948 | €32,241 | +€11,293 | +53.9% |
| Other amounts payable | 47/48 | €41,032 | €63,510 | +€22,478 | +54.8% |
| Operating income | 70/76A | €510,184 | €509,265 | -€919 | -0.2% |
| Turnover | 70 | €504,508 | €506,977 | +€2,469 | +0.5% |
| Other operating income | 74 | €5,676 | €2,288 | -€3,388 | -59.7% |
| Operating charges | 60/66A | €381,040 | €337,454 | -€43,586 | -11.4% |
| Services and other goods | 61 | €363,898 | €314,804 | -€49,094 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,908 | €17,983 | +€5,075 | +39.3% |
| Other operating charges | 640/8 | €4,234 | €4,667 | +€433 | +10.2% |
| Operating profit (loss) | 9901 | €129,144 | €171,811 | +€42,667 | +33.0% |
| Financial income | 75/76B | €851,089 | €1,226,022 | +€374,933 | +44.1% |
| Recurring financial income | 75 | €851,089 | €1,226,022 | +€374,933 | +44.1% |
| Income from financial fixed assets | 750 | €851,089 | €1,226,022 | +€374,933 | +44.1% |
| Financial charges | 65/66B | €51 | €853 | +€802 | +1,573% |
| Recurring financial charges | 65 | €51 | €853 | +€802 | +1,573% |
| Debt charges | 650 | €51 | €853 | +€802 | +1,573% |
| Profit (loss) for the period before taxes | 9903 | €980,182 | €1,396,980 | +€416,798 | +42.5% |
| Income taxes | 67/77 | €39,548 | €46,911 | +€7,363 | +18.6% |
| Taxes | 670/3 | €39,694 | €47,460 | +€7,766 | +19.6% |
| Tax adjustments and reversals of tax provisions | 77 | €146 | €549 | +€403 | +276% |
| Profit (loss) for the period | 9904 | €940,634 | €1,350,069 | +€409,435 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €940,634 | €1,350,069 | +€409,435 | +43.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.