DE WARANDE: 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.
DE WARANDE
Largest movements
- Cash +€5,731
up €5,731 (+21.4%), from €26,728 to €32,459
mainly Depreciation (+€7,934) and Net result for the year (+€3,815)
- Tangible fixed assets -€5,182
down €5,182 (-32.0%), from €16,194 to €11,012
- Receivables within one year -€727
down €727 (-5.1%), from €14,162 to €13,435
of which Trade receivables: -€4,030
- Reserves +€3,815
up €3,815 (+12.9%), from €29,636 to €33,451
- Short-term financial debts -€2,715
down €2,715 (-80.3%), from €3,381 to €667
- Trade debts +€1,322
up €1,322 (+315%), from €420 to €1,742
- Tax, wage and social debts -€1,231
down €1,231 (-37.5%), from €3,286 to €2,055
- Other debts -€993
down €993 (-47.9%), from €2,071 to €1,078
- Depreciation +€1,239
up €1,239 (+18.5%), from €6,695 to €7,934
- Gross operating margin -€627
down €627 (-4.2%), from €14,917 to €14,290
- Taxes -€625
down €625 (-30.1%), from €2,075 to €1,450
- Other operating charges +€404
up €404 (+75.4%), from €536 to €940
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 | €59,255 | €59,453 | +€198 | +0.3% |
| Fixed assets | 21/28 | €16,206 | €11,024 | -€5,182 | -32.0% |
| Tangible fixed assets | 22/27 | €16,194 | €11,012 | -€5,182 | -32.0% |
| Plant, machinery and equipment | 23 | €16,194 | €11,012 | -€5,182 | -32.0% |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €43,049 | €48,429 | +€5,380 | +12.5% |
| Stocks and contracts in progress | 3 | €2,159 | €2,445 | +€286 | +13.2% |
| Stocks | 30/36 | €2,159 | €2,445 | +€286 | +13.2% |
| Amounts receivable within one year | 40/41 | €14,162 | €13,435 | -€727 | -5.1% |
| Trade receivables | 40 | €4,030 | €0 | -€4,030 | -100% |
| Other amounts receivable | 41 | €10,132 | €13,435 | +€3,303 | +32.6% |
| Cash at bank and in hand | 54/58 | €26,728 | €32,459 | +€5,731 | +21.4% |
| Deferred charges and accrued income | 490/1 | - | €90 | +€90 | |
| Total equity and liabilities | 10/49 | €59,255 | €59,453 | +€198 | +0.3% |
| Equity | 10/15 | €50,096 | €53,911 | +€3,815 | +7.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €29,636 | €33,451 | +€3,815 | +12.9% |
| Distributable reserves | 133 | €29,636 | €33,451 | +€3,815 | +12.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €9,159 | €5,542 | -€3,616 | -39.5% |
| Amounts payable within one year | 42/48 | €9,159 | €5,542 | -€3,616 | -39.5% |
| Financial debts | 43 | €3,381 | €667 | -€2,715 | -80.3% |
| Credit institutions | 430/8 | €3,381 | €667 | -€2,715 | -80.3% |
| Trade debts | 44 | €420 | €1,742 | +€1,322 | +315% |
| Suppliers | 440/4 | €420 | €1,742 | +€1,322 | +315% |
| Taxes, remuneration and social security | 45 | €3,286 | €2,055 | -€1,231 | -37.5% |
| Taxes | 450/3 | €3,286 | €2,055 | -€1,231 | -37.5% |
| Other amounts payable | 47/48 | €2,071 | €1,078 | -€993 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,695 | €7,934 | +€1,239 | +18.5% |
| Other operating charges | 640/8 | €536 | €940 | +€404 | +75.4% |
| Gross operating margin | 9900 | €14,917 | €14,290 | -€627 | -4.2% |
| Operating profit (loss) | 9901 | €7,686 | €5,417 | -€2,270 | -29.5% |
| Financial income | 75/76B | €0 | €3 | +€3 | +5,960% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +5,960% |
| Financial charges | 65/66B | €185 | €155 | -€30 | -16.3% |
| Recurring financial charges | 65 | €185 | €155 | -€30 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €7,501 | €5,265 | -€2,236 | -29.8% |
| Income taxes | 67/77 | €2,075 | €1,450 | -€625 | -30.1% |
| Profit (loss) for the period | 9904 | €5,427 | €3,815 | -€1,612 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,427 | €3,815 | -€1,612 | -29.7% |
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 20 October 2026 via checked.be.