V.A.O. WAREGEM: what changed
What changed
V.A.O. WAREGEM
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€13,806
2024 · €16,944-€3,138
Equity
€208,510
2024 · €194,704+€13,806
Cash
€106,170
2024 · €105,774+€396
Balance sheet total
€217,124
2024 · €203,843+€13,281
Largest movements
Assets
- Tangible fixed assets +€14,317
up €14,317 (+15.1%), from €95,130 to €109,447
of which Land and buildings: +€12,368
Equity and liabilities
- Reserves +€13,806
up €13,806 (+13.7%), from €100,682 to €114,488
Income statement
- Gross operating margin -€3,395
down €3,395 (-9.8%), from €34,709 to €31,314
- Taxes -€1,465
down €1,465 (-18.5%), from €7,907 to €6,443
- Depreciation +€926
up €926 (+26.0%), from €3,560 to €4,486
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
€16,944
Gross operating margin
-€3,395
Depreciation
-€926
Other operating charges
-€191
Financial charges
-€92
Taxes
+€1,465
Result 2025
€13,806
raises the resultlowers the result
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
+€19,199
Investment
-€18,803
Financing
€0
Cash 2024
€105,774
From operations (derived)
+€19,199
Net result for the year
+€13,806
Depreciation
+€4,486
Receivables within one year
+€840
Deferred charges and accrued income
+€592
Trade debts
-€2,168
Tax, wage and social debts
+€443
Accrued charges and deferred income
+€1,200
Investment (derived)
-€18,803
Investment in fixed assets (net)
-€18,803
Cash 2025
€106,170
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,843 | €217,124 | +€13,281 | +6.5% |
| Fixed assets | 21/28 | €95,130 | €109,447 | +€14,317 | +15.1% |
| Tangible fixed assets | 22/27 | €95,130 | €109,447 | +€14,317 | +15.1% |
| Land and buildings | 22 | €92,570 | €104,938 | +€12,368 | +13.4% |
| Plant, machinery and equipment | 23 | €2,560 | €4,509 | +€1,949 | +76.1% |
| Current assets | 29/58 | €108,713 | €107,677 | -€1,036 | -1.0% |
| Amounts receivable within one year | 40/41 | €1,192 | €352 | -€840 | -70.5% |
| Trade receivables | 40 | €1,192 | €352 | -€840 | -70.5% |
| Cash at bank and in hand | 54/58 | €105,774 | €106,170 | +€396 | +0.4% |
| Deferred charges and accrued income | 490/1 | €1,747 | €1,155 | -€592 | -33.9% |
| Total equity and liabilities | 10/49 | €203,843 | €217,124 | +€13,281 | +6.5% |
| Equity | 10/15 | €194,704 | €208,510 | +€13,806 | +7.1% |
| Contributions | 10/11 | €91,667 | €91,667 | = | 0.0% |
| Reserves | 13 | €100,682 | €114,488 | +€13,806 | +13.7% |
| Distributable reserves | 133 | €100,682 | €114,488 | +€13,806 | +13.7% |
| Profit (loss) carried forward | 14 | €2,355 | €2,355 | = | 0.0% |
| Amounts payable | 17/49 | €9,140 | €8,615 | -€525 | -5.7% |
| Amounts payable within one year | 42/48 | €9,140 | €7,415 | -€1,725 | -18.9% |
| Trade debts | 44 | €2,332 | €164 | -€2,168 | -93.0% |
| Suppliers | 440/4 | €2,332 | €164 | -€2,168 | -93.0% |
| Taxes, remuneration and social security | 45 | €1,907 | €2,350 | +€443 | +23.2% |
| Taxes | 450/3 | €1,907 | €2,350 | +€443 | +23.2% |
| Other amounts payable | 47/48 | €4,900 | €4,900 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,560 | €4,486 | +€926 | +26.0% |
| Other operating charges | 640/8 | €6,133 | €6,324 | +€191 | +3.1% |
| Gross operating margin | 9900 | €34,709 | €31,314 | -€3,395 | -9.8% |
| Operating profit (loss) | 9901 | €25,015 | €20,504 | -€4,511 | -18.0% |
| Financial charges | 65/66B | €164 | €255 | +€92 | +56.0% |
| Recurring financial charges | 65 | €164 | €255 | +€92 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €24,852 | €20,249 | -€4,603 | -18.5% |
| Income taxes | 67/77 | €7,907 | €6,443 | -€1,465 | -18.5% |
| Profit (loss) for the period | 9904 | €16,944 | €13,806 | -€3,138 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,944 | €13,806 | -€3,138 | -18.5% |
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 4 November 2026 via checked.be.