WARANPA: 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.
WARANPA
Largest movements
- Receivables within one year +€239,735
up €239,735 (+522%), from €45,966 to €285,701
of which Other amounts receivable: +€215,378
- Cash +€83,845
up €83,845 (+15,291%), from €548 to €84,393
mainly Other debts (+€138,797) and Net result for the year (+€113,414)
- Tangible fixed assets -€79,445
down €79,445 (-3.8%), from €2.1m to €2.0m
of which Land and buildings: -€78,452
- Other debts +€138,797
up €138,797 (+245%), from €56,627 to €195,424
- Reserves +€113,414
up €113,414 (+10.6%), from €1.1m to €1.2m
of which Distributable reserves: +€142,355
- Gross operating margin +€144,197
up €144,197 (+137%), from €104,953 to €249,150
- Taxes +€37,308
up €37,308 (+694%), from €5,376 to €42,685
- Financial charges -€21,409
down €21,409 (-78.3%), from €27,337 to €5,928
- Other operating charges +€16,124
up €16,124 (+250%), from €6,457 to €22,581
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 | €2,128,137 | €2,376,028 | +€247,892 | +11.6% |
| Fixed assets | 21/28 | €2,079,272 | €1,999,827 | -€79,445 | -3.8% |
| Tangible fixed assets | 22/27 | €2,079,272 | €1,999,827 | -€79,445 | -3.8% |
| Land and buildings | 22 | €2,075,087 | €1,996,635 | -€78,452 | -3.8% |
| Plant, machinery and equipment | 23 | €4,185 | €3,192 | -€993 | -23.7% |
| Current assets | 29/58 | €48,865 | €376,201 | +€327,336 | +670% |
| Amounts receivable within one year | 40/41 | €45,966 | €285,701 | +€239,735 | +522% |
| Trade receivables | 40 | €1,703 | €26,059 | +€24,356 | +1,430% |
| Other amounts receivable | 41 | €44,263 | €259,642 | +€215,378 | +487% |
| Cash at bank and in hand | 54/58 | €548 | €84,393 | +€83,845 | +15,291% |
| Deferred charges and accrued income | 490/1 | €2,350 | €6,107 | +€3,757 | +160% |
| Total equity and liabilities | 10/49 | €2,128,137 | €2,376,028 | +€247,892 | +11.6% |
| Equity | 10/15 | €1,390,421 | €1,503,835 | +€113,414 | +8.2% |
| Contributions | 10/11 | €316,591 | €316,591 | = | 0.0% |
| Capital | 10 | €316,591 | €316,591 | = | 0.0% |
| Issued capital | 100 | €316,591 | €316,591 | = | 0.0% |
| Reserves | 13 | €1,073,830 | €1,187,244 | +€113,414 | +10.6% |
| Non-distributable reserves | 130/1 | €31,659 | €31,659 | = | 0.0% |
| Legal reserve | 130 | €31,659 | €31,659 | = | 0.0% |
| Tax-exempt reserves | 132 | €620,253 | €591,312 | -€28,941 | -4.7% |
| Distributable reserves | 133 | €421,918 | €564,273 | +€142,355 | +33.7% |
| Provisions and deferred taxes | 16 | €319,382 | €304,480 | -€14,903 | -4.7% |
| Deferred taxes | 168 | €319,382 | €304,480 | -€14,903 | -4.7% |
| Amounts payable | 17/49 | €418,333 | €567,714 | +€149,381 | +35.7% |
| Amounts payable after more than one year | 17 | €30,599 | €30,599 | = | 0.0% |
| Financial debts | 170/4 | €30,599 | €30,599 | = | 0.0% |
| Amounts payable within one year | 42/48 | €380,644 | €530,024 | +€149,381 | +39.2% |
| Financial debts | 43 | €298,000 | €298,000 | = | 0.0% |
| Credit institutions | 430/8 | €298,000 | €298,000 | = | 0.0% |
| Trade debts | 44 | €681 | €7,613 | +€6,932 | +1,019% |
| Suppliers | 440/4 | €681 | €7,613 | +€6,932 | +1,019% |
| Taxes, remuneration and social security | 45 | €25,337 | €28,988 | +€3,651 | +14.4% |
| Taxes | 450/3 | €25,337 | €28,988 | +€3,651 | +14.4% |
| Other amounts payable | 47/48 | €56,627 | €195,424 | +€138,797 | +245% |
| Accrued charges and deferred income | 492/3 | €7,091 | €7,091 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,231 | €79,445 | +€214 | +0.3% |
| Other operating charges | 640/8 | €6,457 | €22,581 | +€16,124 | +250% |
| Gross operating margin | 9900 | €104,953 | €249,150 | +€144,197 | +137% |
| Operating profit (loss) | 9901 | €19,266 | €147,124 | +€127,858 | +664% |
| Financial income | 75/76B | €140 | €0 | -€140 | -100% |
| Recurring financial income | 75 | €140 | €0 | -€140 | -100% |
| Financial charges | 65/66B | €27,337 | €5,928 | -€21,409 | -78.3% |
| Recurring financial charges | 65 | €27,337 | €5,928 | -€21,409 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,931 | €141,196 | +€149,127 | |
| Transfer from deferred taxes | 780 | €14,903 | €14,903 | = | 0.0% |
| Income taxes | 67/77 | €5,376 | €42,685 | +€37,308 | +694% |
| Profit (loss) for the period | 9904 | €1,595 | €113,414 | +€111,819 | +7,011% |
| Transfer from tax-exempt reserves | 789 | €28,941 | €28,941 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,536 | €142,355 | +€111,819 | +366% |
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 28 October 2026 via checked.be.