WaRaFiDra: 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.
WaRaFiDra
Largest movements
- Tangible fixed assets -€8,711
down €8,711 (-6.8%), from €129,030 to €120,319
of which Land and buildings: -€5,351
- Cash +€4,697
up €4,697 (+762%), from €617 to €5,314
mainly Depreciation (+€8,711) and Trade debts (+€2,877)
- Debts after one year -€5,122
down €5,122 (-5.0%), from €101,661 to €96,539
- Trade debts +€2,877
new in 2025: €2,877
- Other debts -€2,818
down €2,818 (-28.2%), from €10,000 to €7,182
- Gross operating margin -€2,687
down €2,687 (-15.5%), from €17,297 to €14,610
- Depreciation -€663
down €663 (-7.1%), from €9,374 to €8,711
- Taxes +€426
up €426 (+32.1%), from €1,327 to €1,753
- Other operating charges +€302
up €302 (+30.1%), from €1,001 to €1,303
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 | €136,083 | €132,517 | -€3,566 | -2.6% |
| Fixed assets | 21/28 | €129,030 | €120,319 | -€8,711 | -6.8% |
| Tangible fixed assets | 22/27 | €129,030 | €120,319 | -€8,711 | -6.8% |
| Land and buildings | 22 | €115,590 | €110,239 | -€5,351 | -4.6% |
| Furniture and vehicles | 24 | €13,440 | €10,080 | -€3,360 | -25.0% |
| Current assets | 29/58 | €7,054 | €12,198 | +€5,144 | +72.9% |
| Amounts receivable within one year | 40/41 | €5,645 | €5,155 | -€490 | -8.7% |
| Trade receivables | 40 | €1,657 | €5,155 | +€3,498 | +211% |
| Other amounts receivable | 41 | €3,988 | - | -€3,988 | |
| Cash at bank and in hand | 54/58 | €617 | €5,314 | +€4,697 | +762% |
| Deferred charges and accrued income | 490/1 | €792 | €1,729 | +€937 | +118% |
| Total equity and liabilities | 10/49 | €136,083 | €132,517 | -€3,566 | -2.6% |
| Equity | 10/15 | €19,384 | €19,763 | +€379 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,184 | €13,563 | +€379 | +2.9% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €12,564 | €12,943 | +€379 | +3.0% |
| Amounts payable | 17/49 | €116,700 | €112,754 | -€3,946 | -3.4% |
| Amounts payable after more than one year | 17 | €101,661 | €96,539 | -€5,122 | -5.0% |
| Financial debts | 170/4 | €101,661 | €96,539 | -€5,122 | -5.0% |
| Amounts payable within one year | 42/48 | €15,039 | €16,215 | +€1,176 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €5,039 | €5,121 | +€82 | +1.6% |
| Trade debts | 44 | - | €2,877 | +€2,877 | |
| Suppliers | 440/4 | - | €2,877 | +€2,877 | |
| Taxes, remuneration and social security | 45 | - | €1,035 | +€1,035 | |
| Taxes | 450/3 | - | €1,035 | +€1,035 | |
| Other amounts payable | 47/48 | €10,000 | €7,182 | -€2,818 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,374 | €8,711 | -€663 | -7.1% |
| Other operating charges | 640/8 | €1,001 | €1,303 | +€302 | +30.1% |
| Non-recurring operating charges | 66A | €574 | - | -€574 | |
| Gross operating margin | 9900 | €17,297 | €14,610 | -€2,687 | -15.5% |
| Operating profit (loss) | 9901 | €6,347 | €4,596 | -€1,751 | -27.6% |
| Financial charges | 65/66B | €2,478 | €2,464 | -€14 | -0.6% |
| Recurring financial charges | 65 | €2,478 | €2,176 | -€302 | -12.2% |
| Non-recurring financial charges | 66B | - | €288 | +€288 | |
| Profit (loss) for the period before taxes | 9903 | €3,869 | €2,132 | -€1,737 | -44.9% |
| Income taxes | 67/77 | €1,327 | €1,753 | +€426 | +32.1% |
| Profit (loss) for the period | 9904 | €2,542 | €379 | -€2,163 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,542 | €379 | -€2,163 | -85.1% |
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 19 October 2026 via checked.be.