BEWARRANT: 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.
BEWARRANT
Largest movements
- Cash +€561,624
up €561,624 (+34.1%), from €1.6m to €2.2m
mainly Other debts (+€758,917) and Trade debts (+€32,199)
- Financial fixed assets +€62,889
up €62,889 (+31,445%), from €200 to €63,089
- Receivables within one year -€32,190
down €32,190 (-53.5%), from €60,205 to €28,016
of which Other amounts receivable: -€32,190
- Other debts +€758,917
up €758,917 (+2,834,954%), from €27 to €758,944
- Accrued charges and deferred income -€194,792
down €194,792 (-12.5%), from €1.6m to €1.4m
- Trade debts +€32,199
up €32,199 (+83.7%), from €38,491 to €70,690
- Gross operating margin -€5,605
down €5,605 (-27.5%), from €20,417 to €14,811
- Financial charges +€229
up €229 (+212%), from €108 to €337
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 | €1,718,429 | €2,304,656 | +€586,227 | +34.1% |
| Fixed assets | 21/28 | €10,233 | €67,026 | +€56,793 | +555% |
| Intangible fixed assets | 21 | €9,252 | €3,409 | -€5,843 | -63.2% |
| Tangible fixed assets | 22/27 | €781 | €528 | -€253 | -32.4% |
| Furniture and vehicles | 24 | €781 | €528 | -€253 | -32.4% |
| Financial fixed assets | 28 | €200 | €63,089 | +€62,889 | +31,445% |
| Current assets | 29/58 | €1,708,196 | €2,237,631 | +€529,434 | +31.0% |
| Amounts receivable within one year | 40/41 | €60,205 | €28,016 | -€32,190 | -53.5% |
| Trade receivables | 40 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 41 | €35,205 | €3,016 | -€32,190 | -91.4% |
| Cash at bank and in hand | 54/58 | €1,647,991 | €2,209,615 | +€561,624 | +34.1% |
| Total equity and liabilities | 10/49 | €1,718,429 | €2,304,656 | +€586,227 | +34.1% |
| Equity | 10/15 | €94,017 | €98,688 | +€4,671 | +5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,762 | €84,433 | +€4,671 | +5.9% |
| Amounts payable | 17/49 | €1,624,412 | €2,205,968 | +€581,557 | +35.8% |
| Amounts payable within one year | 42/48 | €70,419 | €846,768 | +€776,349 | +1,102% |
| Trade debts | 44 | €38,491 | €70,690 | +€32,199 | +83.7% |
| Suppliers | 440/4 | €38,491 | €70,690 | +€32,199 | +83.7% |
| Taxes, remuneration and social security | 45 | €31,901 | €17,134 | -€14,767 | -46.3% |
| Taxes | 450/3 | €5,516 | €3,452 | -€2,064 | -37.4% |
| Remuneration and social security | 454/9 | €26,385 | €13,682 | -€12,703 | -48.1% |
| Other amounts payable | 47/48 | €27 | €758,944 | +€758,917 | +2,834,954% |
| Accrued charges and deferred income | 492/3 | €1,553,993 | €1,359,201 | -€194,792 | -12.5% |
| Non-recurring operating income | 76A | €2,580 | - | -€2,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,097 | €6,097 | = | 0.0% |
| Gross operating margin | 9900 | €20,417 | €14,811 | -€5,605 | -27.5% |
| Operating profit (loss) | 9901 | €14,320 | €8,715 | -€5,605 | -39.1% |
| Financial charges | 65/66B | €108 | €337 | +€229 | +212% |
| Recurring financial charges | 65 | €108 | €337 | +€229 | +212% |
| Profit (loss) for the period before taxes | 9903 | €14,212 | €8,378 | -€5,834 | -41.0% |
| Income taxes | 67/77 | €3,793 | €3,708 | -€85 | -2.2% |
| Profit (loss) for the period | 9904 | €10,419 | €4,671 | -€5,749 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,419 | €4,671 | -€5,749 | -55.2% |
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 16 October 2026 via checked.be.