FERME DE WARNANT: 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 WARNANT
Largest movements
- Cash +€224,127
up €224,127 (+251%), from €89,347 to €313,474
mainly Net result for the year (+€144,255) and Receivables within one year (+€98,976)
- Receivables within one year -€98,976
down €98,976 (-45.6%), from €217,135 to €118,159
of which Trade receivables: -€85,059
- Profit (loss) carried forward +€137,042
up €137,042 (+15.8%), from €867,391 to €1.0m
- Tax, wage and social debts +€43,861
up €43,861 (+849%), from €5,168 to €49,028
- Debts after one year -€32,716
down €32,716 (-26.2%), from €124,910 to €92,193
- Trade debts -€31,216
down €31,216 (-56.2%), from €55,505 to €24,289
- Gross operating margin +€129,484
up €129,484 (+81.7%), from €158,510 to €287,995
- Taxes +€32,079
up €32,079 (+250%), from €12,816 to €44,895
- Depreciation +€7,841
up €7,841 (+15.5%), from €50,474 to €58,316
- Financial charges -€3,009
down €3,009 (-14.2%), from €21,229 to €18,220
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 | €2,884,108 | €3,036,707 | +€152,599 | +5.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,486,309 | €2,490,493 | +€4,184 | +0.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,470,246 | €2,474,430 | +€4,184 | +0.2% |
| Land and buildings | 22 | €2,399,745 | €2,380,385 | -€19,360 | -0.8% |
| Plant, machinery and equipment | 23 | €70,501 | €94,045 | +€23,544 | +33.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €16,063 | €16,063 | = | 0.0% |
| Current assets | 29/58 | €397,799 | €546,214 | +€148,415 | +37.3% |
| Stocks and contracts in progress | 3 | €19,760 | €48,135 | +€28,375 | +144% |
| Stocks | 30/36 | €19,760 | €48,135 | +€28,375 | +144% |
| Amounts receivable within one year | 40/41 | €217,135 | €118,159 | -€98,976 | -45.6% |
| Trade receivables | 40 | €193,108 | €108,048 | -€85,059 | -44.0% |
| Other amounts receivable | 41 | €24,028 | €10,111 | -€13,917 | -57.9% |
| Cash at bank and in hand | 54/58 | €89,347 | €313,474 | +€224,127 | +251% |
| Deferred charges and accrued income | 490/1 | €71,557 | €66,446 | -€5,112 | -7.1% |
| Total equity and liabilities | 10/49 | €2,884,108 | €3,036,707 | +€152,599 | +5.3% |
| Equity | 10/15 | €2,421,147 | €2,565,401 | +€144,255 | +6.0% |
| Contributions | 10/11 | €1,428,201 | €1,428,201 | = | 0.0% |
| Capital | 10 | €1,427,992 | €1,427,992 | = | 0.0% |
| Issued capital | 100 | €1,427,992 | €1,427,992 | = | 0.0% |
| Contributions outside capital | 11 | €209 | €209 | = | 0.0% |
| Share premium | 1100/10 | €209 | €209 | = | 0.0% |
| Reserves | 13 | €125,555 | €132,768 | +€7,213 | +5.7% |
| Non-distributable reserves | 130/1 | €125,555 | €132,768 | +€7,213 | +5.7% |
| Legal reserve | 130 | €125,555 | €132,768 | +€7,213 | +5.7% |
| Profit (loss) carried forward | 14 | €867,391 | €1,004,433 | +€137,042 | +15.8% |
| Amounts payable | 17/49 | €462,962 | €471,306 | +€8,344 | +1.8% |
| Amounts payable after more than one year | 17 | €124,910 | €92,193 | -€32,716 | -26.2% |
| Financial debts | 170/4 | €124,910 | €92,193 | -€32,716 | -26.2% |
| Amounts payable within one year | 42/48 | €331,689 | €374,912 | +€43,223 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €74,383 | €95,216 | +€20,833 | +28.0% |
| Trade debts | 44 | €55,505 | €24,289 | -€31,216 | -56.2% |
| Suppliers | 440/4 | €55,505 | €24,289 | -€31,216 | -56.2% |
| Taxes, remuneration and social security | 45 | €5,168 | €49,028 | +€43,861 | +849% |
| Taxes | 450/3 | €5,168 | €49,028 | +€43,861 | +849% |
| Other amounts payable | 47/48 | €196,633 | €206,378 | +€9,745 | +5.0% |
| Accrued charges and deferred income | 492/3 | €6,363 | €4,200 | -€2,163 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,474 | €58,316 | +€7,841 | +15.5% |
| Other operating charges | 640/8 | €21,782 | €22,479 | +€697 | +3.2% |
| Gross operating margin | 9900 | €158,510 | €287,995 | +€129,484 | +81.7% |
| Operating profit (loss) | 9901 | €86,254 | €207,199 | +€120,946 | +140% |
| Financial income | 75/76B | €348 | €171 | -€177 | -51.0% |
| Recurring financial income | 75 | €348 | €171 | -€177 | -51.0% |
| Financial charges | 65/66B | €21,229 | €18,220 | -€3,009 | -14.2% |
| Recurring financial charges | 65 | €21,229 | €18,220 | -€3,009 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €65,373 | €189,150 | +€123,777 | +189% |
| Income taxes | 67/77 | €12,816 | €44,895 | +€32,079 | +250% |
| Profit (loss) for the period | 9904 | €52,557 | €144,255 | +€91,698 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €52,557 | €144,255 | +€91,698 | +174% |
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 15 October 2026 via checked.be.