FERME DE WARÊT: 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.
FERME DE WARÊT
Largest movements
- Receivables within one year +€26,681
up €26,681 (+84.1%), from €31,733 to €58,414
of which Trade receivables: +€26,713
- Tangible fixed assets -€4,910
down €4,910 (-16.5%), from €29,776 to €24,866
of which Plant, machinery and equipment: -€2,526
- Stocks and contracts +€3,765
up €3,765 (+49.0%), from €7,680 to €11,444
- Cash -€2,417
down €2,417 (-14.5%), from €16,674 to €14,257
mainly Receivables within one year (-€26,681) and Trade debts (-€6,635)
- Profit (loss) carried forward +€17,996
up €17,996, from -€959 to €17,038
- Trade debts -€6,635
down €6,635 (-21.1%), from €31,450 to €24,816
- Tax, wage and social debts +€6,472
up €6,472 (+341%), from €1,900 to €8,372
of which Taxes: +€6,472
- Other debts +€4,640
up €4,640 (+7.3%), from €63,844 to €68,484
- Turnover +€139,736
new in 2025: €139,736
- Purchases and services +€138,424
new in 2025: €138,424
- Gross operating margin +€20,593
up €20,593 (+252%), from €8,179 to €28,772
- Taxes +€4,628
up €4,628, from €0 to €4,628
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 | €98,236 | €120,709 | +€22,474 | +22.9% |
| Fixed assets | 21/28 | €40,726 | €35,092 | -€5,633 | -13.8% |
| Intangible fixed assets | 21 | €6,530 | €5,806 | -€724 | -11.1% |
| Tangible fixed assets | 22/27 | €29,776 | €24,866 | -€4,910 | -16.5% |
| Land and buildings | 22 | €14,454 | €12,493 | -€1,961 | -13.6% |
| Plant, machinery and equipment | 23 | €14,544 | €12,017 | -€2,526 | -17.4% |
| Furniture and vehicles | 24 | €778 | €355 | -€423 | -54.3% |
| Financial fixed assets | 28 | €4,420 | €4,420 | = | 0.0% |
| Current assets | 29/58 | €57,510 | €85,617 | +€28,107 | +48.9% |
| Stocks and contracts in progress | 3 | €7,680 | €11,444 | +€3,765 | +49.0% |
| Stocks | 30/36 | €7,680 | €11,444 | +€3,765 | +49.0% |
| Amounts receivable within one year | 40/41 | €31,733 | €58,414 | +€26,681 | +84.1% |
| Trade receivables | 40 | €31,701 | €58,414 | +€26,713 | +84.3% |
| Other amounts receivable | 41 | €32 | €0 | -€32 | -100% |
| Cash at bank and in hand | 54/58 | €16,674 | €14,257 | -€2,417 | -14.5% |
| Deferred charges and accrued income | 490/1 | €1,424 | €1,503 | +€79 | +5.5% |
| Total equity and liabilities | 10/49 | €98,236 | €120,709 | +€22,474 | +22.9% |
| Equity | 10/15 | €1,041 | €19,038 | +€17,996 | +1,728% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€959 | €17,038 | +€17,996 | |
| Amounts payable | 17/49 | €97,194 | €101,672 | +€4,477 | +4.6% |
| Amounts payable within one year | 42/48 | €97,194 | €101,672 | +€4,477 | +4.6% |
| Trade debts | 44 | €31,450 | €24,816 | -€6,635 | -21.1% |
| Suppliers | 440/4 | €31,450 | €24,816 | -€6,635 | -21.1% |
| Taxes, remuneration and social security | 45 | €1,900 | €8,372 | +€6,472 | +341% |
| Taxes | 450/3 | €1,900 | €8,372 | +€6,472 | +341% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €63,844 | €68,484 | +€4,640 | +7.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | - | €139,736 | +€139,736 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €138,424 | +€138,424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,617 | €5,633 | +€16 | +0.3% |
| Other operating charges | 640/8 | €175 | €400 | +€225 | +129% |
| Gross operating margin | 9900 | €8,179 | €28,772 | +€20,593 | +252% |
| Operating profit (loss) | 9901 | €2,387 | €22,739 | +€20,352 | +853% |
| Financial income | 75/76B | €107 | €45 | -€62 | -57.9% |
| Recurring financial income | 75 | €107 | €45 | -€62 | -57.9% |
| Financial charges | 65/66B | €218 | €160 | -€58 | -26.8% |
| Recurring financial charges | 65 | €218 | €160 | -€58 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €2,276 | €22,625 | +€20,348 | +894% |
| Income taxes | 67/77 | €0 | €4,628 | +€4,628 | |
| Profit (loss) for the period | 9904 | €2,276 | €17,996 | +€15,720 | +691% |
| Profit (loss) for the period to be appropriated | 9905 | €2,276 | €17,996 | +€15,720 | +691% |
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 17 October 2026 via checked.be.