Het Warredal: what changed
What changed
Het Warredal
NACE 55.202, Accommodation
filed annual accounts (NBB)
Net result for the year
-€98,105
2024 · €106,191-€204,296
Equity
€364,750
2024 · €462,855-€98,105
Cash
€458,842
2024 · €258,057+€200,784
Balance sheet total
€2.9m
2024 · €2.4m+€563,538
Largest movements
Assets
- Receivables within one year +€331,055
up €331,055 (+45.4%), from €728,533 to €1.1m
of which Trade receivables: +€309,098
- Cash +€200,784
up €200,784 (+77.8%), from €258,057 to €458,842
mainly Debts after one year (+€539,868) and Depreciation (+€306,443)
- Tangible fixed assets +€37,552
up €37,552 (+2.8%), from €1.3m to €1.4m
of which Plant, machinery and equipment: +€81,777
Equity and liabilities
- Debts after one year +€539,868
up €539,868 (+52.0%), from €1.0m to €1.6m
- Profit (loss) carried forward -€98,105
down €98,105 (-27.0%), from €362,855 to €264,750
- Tax, wage and social debts +€70,032
up €70,032 (+145%), from €48,449 to €118,481
of which Remuneration and social security: +€62,894
- Advances received +€35,638
up €35,638 (+10.7%), from €332,430 to €368,068
Income statement
- Staff costs +€169,274
up €169,274 (+41.7%), from €406,215 to €575,489
- Depreciation +€34,978
up €34,978 (+12.9%), from €271,465 to €306,443
- Financial charges +€18,412
up €18,412 (+26.0%), from €70,794 to €89,206
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.
Result 2024
€106,191
Gross operating margin
+€5,415
Staff costs
-€169,274
Depreciation
-€34,978
Write-downs
+€618
Other operating charges
+€3,166
Other operating items
+€8,951
Financial income
+€202
Financial charges
-€18,412
Taxes
+€17
Result 2025
-€98,105
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€2,816
Investment
-€336,268
Financing
+€539,868
Cash 2024
€258,057
From operations (derived)
-€2,816
Net result for the year
-€98,105
Depreciation
+€306,443
Stocks and contracts
-€1,817
Receivables within one year
-€331,055
Deferred charges and accrued income
-€56
Trade debts
-€10,388
Tax, wage and social debts
+€70,032
Advances received
+€35,638
Other debts
+€18,594
Accrued charges and deferred income
+€7,899
Investment (derived)
-€336,268
Investment in fixed assets (net)
-€336,268
Financing
+€539,868
Debts after one year
+€539,868
Cash 2025
€458,842
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,383,533 | €2,947,071 | +€563,538 | +23.6% |
| Fixed assets | 21/28 | €1,356,349 | €1,386,175 | +€29,825 | +2.2% |
| Intangible fixed assets | 21 | €11,649 | €3,923 | -€7,726 | -66.3% |
| Tangible fixed assets | 22/27 | €1,343,475 | €1,381,027 | +€37,552 | +2.8% |
| Land and buildings | 22 | €347,933 | €311,221 | -€36,712 | -10.6% |
| Plant, machinery and equipment | 23 | €810,157 | €891,934 | +€81,777 | +10.1% |
| Furniture and vehicles | 24 | €184,242 | €177,872 | -€6,371 | -3.5% |
| Leasing and similar rights | 25 | €1,143 | €0 | -€1,143 | -100% |
| Financial fixed assets | 28 | €1,225 | €1,225 | = | 0.0% |
| Current assets | 29/58 | €1,027,183 | €1,560,896 | +€533,713 | +52.0% |
| Stocks and contracts in progress | 3 | €36,933 | €38,750 | +€1,817 | +4.9% |
| Stocks | 30/36 | €36,933 | €38,750 | +€1,817 | +4.9% |
| Amounts receivable within one year | 40/41 | €728,533 | €1,059,588 | +€331,055 | +45.4% |
| Trade receivables | 40 | €726,957 | €1,036,055 | +€309,098 | +42.5% |
| Other amounts receivable | 41 | €1,575 | €23,533 | +€21,958 | +1,394% |
| Cash at bank and in hand | 54/58 | €258,057 | €458,842 | +€200,784 | +77.8% |
| Deferred charges and accrued income | 490/1 | €3,660 | €3,716 | +€56 | +1.5% |
| Total equity and liabilities | 10/49 | €2,383,533 | €2,947,071 | +€563,538 | +23.6% |
| Equity | 10/15 | €462,855 | €364,750 | -€98,105 | -21.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €362,855 | €264,750 | -€98,105 | -27.0% |
| Amounts payable | 17/49 | €1,920,678 | €2,582,321 | +€661,643 | +34.4% |
| Amounts payable after more than one year | 17 | €1,039,152 | €1,579,020 | +€539,868 | +52.0% |
| Financial debts | 170/4 | €1,039,152 | €1,579,020 | +€539,868 | +52.0% |
| Amounts payable within one year | 42/48 | €797,622 | €911,498 | +€113,876 | +14.3% |
| Trade debts | 44 | €380,461 | €370,073 | -€10,388 | -2.7% |
| Suppliers | 440/4 | €380,461 | €370,073 | -€10,388 | -2.7% |
| Advances received on contracts in progress | 46 | €332,430 | €368,068 | +€35,638 | +10.7% |
| Taxes, remuneration and social security | 45 | €48,449 | €118,481 | +€70,032 | +145% |
| Taxes | 450/3 | €116 | €7,254 | +€7,138 | +6,132% |
| Remuneration and social security | 454/9 | €48,333 | €111,227 | +€62,894 | +130% |
| Other amounts payable | 47/48 | €36,281 | €54,876 | +€18,594 | +51.3% |
| Accrued charges and deferred income | 492/3 | €83,904 | €91,803 | +€7,899 | +9.4% |
| Non-recurring operating income | 76A | €5,006 | €12,706 | +€7,700 | +154% |
| Remuneration, social security and pensions | 62 | €406,215 | €575,489 | +€169,274 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271,465 | €306,443 | +€34,978 | +12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €618 | €0 | -€618 | -100% |
| Other operating charges | 640/8 | €19,154 | €15,988 | -€3,166 | -16.5% |
| Non-recurring operating charges | 66A | €9,119 | €168 | -€8,951 | -98.2% |
| Gross operating margin | 9900 | €883,437 | €888,852 | +€5,415 | +0.6% |
| Operating profit (loss) | 9901 | €176,867 | -€9,235 | -€186,102 | |
| Financial income | 75/76B | €135 | €336 | +€202 | +150% |
| Recurring financial income | 75 | €135 | €336 | +€202 | +150% |
| Financial charges | 65/66B | €70,794 | €89,206 | +€18,412 | +26.0% |
| Recurring financial charges | 65 | €70,794 | €89,206 | +€18,412 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €106,207 | -€98,105 | -€204,312 | |
| Income taxes | 67/77 | €17 | €0 | -€17 | -100% |
| Profit (loss) for the period | 9904 | €106,191 | -€98,105 | -€204,296 | |
| Profit (loss) for the period to be appropriated | 9905 | €106,191 | -€98,105 | -€204,296 |
Next steps
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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.