DR. HANS WARIE: what changed
DR. HANS WARIE
Largest movements
- Cash +€137,966
up €137,966 (+80.4%), from €171,513 to €309,479
mainly Current investments (+€100,000) and Net result for the year (+€49,391)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tangible fixed assets -€44,358
down €44,358 (-13.6%), from €326,505 to €282,147
of which Land and buildings: -€27,903
- Reserves +€49,391
up €49,391 (+15.9%), from €309,699 to €359,090
of which Distributable reserves: +€49,391
- Trade debts -€20,066
down €20,066 (-87.5%), from €22,932 to €2,866
- Other debts -€18,289
down €18,289 (-25.5%), from €71,628 to €53,339
- Debts after one year -€12,204
down €12,204 (-26.5%), from €46,062 to €33,858
- Gross operating margin -€37,473
down €37,473 (-24.7%), from €151,544 to €114,071
- Taxes -€8,686
down €8,686 (-31.2%), from €27,816 to €19,130
- Depreciation -€2,989
down €2,989 (-6.3%), from €47,347 to €44,358
- Financial income +€2,127
up €2,127 (+149%), from €1,426 to €3,553
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,261 | €596,880 | -€7,381 | -1.2% |
| Fixed assets | 21/28 | €326,505 | €282,147 | -€44,358 | -13.6% |
| Tangible fixed assets | 22/27 | €326,505 | €282,147 | -€44,358 | -13.6% |
| Land and buildings | 22 | €268,739 | €240,836 | -€27,903 | -10.4% |
| Plant, machinery and equipment | 23 | €4,732 | €2,717 | -€2,015 | -42.6% |
| Furniture and vehicles | 24 | €53,034 | €38,594 | -€14,440 | -27.2% |
| Current assets | 29/58 | €277,756 | €314,733 | +€36,977 | +13.3% |
| Amounts receivable within one year | 40/41 | €4,586 | €3,724 | -€862 | -18.8% |
| Other amounts receivable | 41 | €4,586 | €3,724 | -€862 | -18.8% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €171,513 | €309,479 | +€137,966 | +80.4% |
| Deferred charges and accrued income | 490/1 | €1,657 | €1,530 | -€127 | -7.7% |
| Total equity and liabilities | 10/49 | €604,261 | €596,880 | -€7,381 | -1.2% |
| Equity | 10/15 | €330,283 | €379,674 | +€49,391 | +15.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €309,699 | €359,090 | +€49,391 | +15.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €73 | €73 | = | 0.0% |
| Distributable reserves | 133 | €307,766 | €357,156 | +€49,391 | +16.0% |
| Profit (loss) carried forward | 14 | €14,384 | €14,384 | = | 0.0% |
| Provisions and deferred taxes | 16 | €110,000 | €110,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €110,000 | €110,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable | 17/49 | €163,978 | €107,206 | -€56,772 | -34.6% |
| Amounts payable after more than one year | 17 | €46,062 | €33,858 | -€12,204 | -26.5% |
| Financial debts | 170/4 | €46,062 | €33,858 | -€12,204 | -26.5% |
| Amounts payable within one year | 42/48 | €117,916 | €73,348 | -€44,568 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €16,143 | €12,204 | -€3,939 | -24.4% |
| Trade debts | 44 | €22,932 | €2,866 | -€20,066 | -87.5% |
| Suppliers | 440/4 | €22,932 | €2,866 | -€20,066 | -87.5% |
| Taxes, remuneration and social security | 45 | €7,213 | €4,939 | -€2,274 | -31.5% |
| Taxes | 450/3 | €7,213 | €4,939 | -€2,274 | -31.5% |
| Other amounts payable | 47/48 | €71,628 | €53,339 | -€18,289 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,347 | €44,358 | -€2,989 | -6.3% |
| Other operating charges | 640/8 | €4,401 | €3,892 | -€509 | -11.6% |
| Gross operating margin | 9900 | €151,544 | €114,071 | -€37,473 | -24.7% |
| Operating profit (loss) | 9901 | €99,797 | €65,821 | -€33,976 | -34.0% |
| Financial income | 75/76B | €1,426 | €3,553 | +€2,127 | +149% |
| Recurring financial income | 75 | €1,426 | €3,553 | +€2,127 | +149% |
| Financial charges | 65/66B | €1,274 | €853 | -€421 | -33.0% |
| Recurring financial charges | 65 | €1,274 | €853 | -€421 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €99,949 | €68,520 | -€31,428 | -31.4% |
| Income taxes | 67/77 | €27,816 | €19,130 | -€8,686 | -31.2% |
| Profit (loss) for the period | 9904 | €72,133 | €49,391 | -€22,743 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,133 | €49,391 | -€22,743 | -31.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.