ELDORADO WAREGEM: what changed
Two fiscal 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.
ELDORADO WAREGEM
Largest movements
- Cash +€58,281
up €58,281 (+28.1%), from €207,216 to €265,497
mainly Net result for the year (+€99,913) and Depreciation (+€39,626)
- Tangible fixed assets +€41,996
up €41,996 (+17.0%), from €246,562 to €288,558
of which Land and buildings: +€43,201
- Deferred charges and accrued income -€6,890
no longer reported in 2025 (was €6,890)
- Reserves +€74,220
up €74,220 (+22.3%), from €333,154 to €407,373
of which Tax-exempt reserves: +€63,750
- Provisions +€21,250
up €21,250 (+65.6%), from €32,399 to €53,649
- Gross operating margin -€39,443
down €39,443 (-20.5%), from €192,275 to €152,832
- Depreciation +€13,427
up €13,427 (+51.2%), from €26,200 to €39,626
- Taxes -€4,256
down €4,256 (-58.1%), from €7,328 to €3,071
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.
Cash bridge derived
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 | €480,740 | €575,591 | +€94,851 | +19.7% |
| Fixed assets | 21/28 | €246,562 | €288,558 | +€41,996 | +17.0% |
| Tangible fixed assets | 22/27 | €246,562 | €288,558 | +€41,996 | +17.0% |
| Land and buildings | 22 | €242,827 | €286,028 | +€43,201 | +17.8% |
| Furniture and vehicles | 24 | €3,735 | €2,530 | -€1,205 | -32.3% |
| Current assets | 29/58 | €234,178 | €287,033 | +€52,854 | +22.6% |
| Amounts receivable within one year | 40/41 | €36 | €1,500 | +€1,464 | +4066.7% |
| Trade receivables | 40 | - | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | €36 | - | -€36 | |
| Current investments | 50/53 | €20,036 | €20,036 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €207,216 | €265,497 | +€58,281 | +28.1% |
| Deferred charges and accrued income | 490/1 | €6,890 | - | -€6,890 | |
| Total equity and liabilities | 10/49 | €480,740 | €575,591 | +€94,851 | +19.7% |
| Equity | 10/15 | €333,154 | €407,373 | +€74,220 | +22.3% |
| Reserves | 13 | €333,154 | €407,373 | +€74,220 | +22.3% |
| Non-distributable reserves | 130/1 | €2,090 | €2,090 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,090 | €2,090 | = | 0.0% |
| Tax-exempt reserves | 132 | €97,198 | €160,948 | +€63,750 | +65.6% |
| Distributable reserves | 133 | €233,865 | €244,335 | +€10,470 | +4.5% |
| Provisions and deferred taxes | 16 | €32,399 | €53,649 | +€21,250 | +65.6% |
| Deferred taxes | 168 | €32,399 | €53,649 | +€21,250 | +65.6% |
| Amounts payable | 17/49 | €115,187 | €114,568 | -€619 | -0.5% |
| Amounts payable within one year | 42/48 | €112,987 | €112,368 | -€619 | -0.5% |
| Trade debts | 44 | €3,292 | - | -€3,292 | |
| Suppliers | 440/4 | €3,292 | - | -€3,292 | |
| Taxes, remuneration and social security | 45 | €8,250 | €10,713 | +€2,463 | +29.9% |
| Taxes | 450/3 | €8,250 | €10,713 | +€2,463 | +29.9% |
| Other amounts payable | 47/48 | €101,445 | €101,655 | +€209 | +0.2% |
| Accrued charges and deferred income | 492/3 | €2,200 | €2,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,200 | €39,626 | +€13,427 | +51.2% |
| Other operating charges | 640/8 | €10,583 | €12,188 | +€1,605 | +15.2% |
| Gross operating margin | 9900 | €192,275 | €152,832 | -€39,443 | -20.5% |
| Operating profit (loss) | 9901 | €155,493 | €101,018 | -€54,475 | -35.0% |
| Financial income | 75/76B | €2,635 | €2,027 | -€608 | -23.1% |
| Recurring financial income | 75 | €2,635 | €2,027 | -€608 | -23.1% |
| Financial charges | 65/66B | €61 | €61 | = | 0.0% |
| Recurring financial charges | 65 | €61 | €61 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €158,067 | €102,984 | -€55,083 | -34.8% |
| Income taxes | 67/77 | €7,328 | €3,071 | -€4,256 | -58.1% |
| Profit (loss) for the period | 9904 | €150,739 | €99,913 | -€50,826 | -33.7% |
| Transfer to tax-exempt reserves | 689 | €129,597 | €85,000 | -€44,597 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,142 | €14,913 | -€6,229 | -29.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.