WARANZ VERZEKERINGEN: what changed
WARANZ VERZEKERINGEN
Largest movements
- Cash +€291,130
up €291,130 (+164%), from €177,020 to €468,150
mainly Net result for the year (+€295,533) and Depreciation (+€149,433)
- Tangible fixed assets -€84,780
down €84,780 (-14.9%), from €567,814 to €483,034
of which Other tangible fixed assets: -€64,892
- Intangible fixed assets -€66,161
down €66,161 (-30.4%), from €217,860 to €151,699
- Receivables within one year +€16,337
up €16,337 (+13.8%), from €118,057 to €134,394
of which Other amounts receivable: +€9,029
- Deferred charges and accrued income -€15,306
down €15,306 (-35.9%), from €42,597 to €27,291
- Debts after one year -€94,466
down €94,466 (-23.3%), from €406,061 to €311,596
- Reserves +€87,174
up €87,174 (+35.4%), from €246,417 to €333,591
of which Distributable reserves: +€87,174
- Other debts +€57,263
up €57,263 (+40.8%), from €140,441 to €197,704
- Tax, wage and social debts +€33,012
up €33,012 (+62.7%), from €52,631 to €85,643
of which Remuneration and social security: +€24,142
- Trade debts +€27,613
up €27,613 (+47.6%), from €58,060 to €85,673
- Financial income +€55,107
up €55,107 (+68,841%), from €80 to €55,187
of which Non-recurring financial income: +€55,182
- Gross operating margin +€35,970
up €35,970 (+4.6%), from €783,067 to €819,037
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,123,348 | €1,264,568 | +€141,221 | +12.6% |
| Fixed assets | 21/28 | €785,674 | €634,733 | -€150,941 | -19.2% |
| Intangible fixed assets | 21 | €217,860 | €151,699 | -€66,161 | -30.4% |
| Tangible fixed assets | 22/27 | €567,814 | €483,034 | -€84,780 | -14.9% |
| Furniture and vehicles | 24 | €34,162 | €14,274 | -€19,888 | -58.2% |
| Other tangible fixed assets | 26 | €533,652 | €468,760 | -€64,892 | -12.2% |
| Current assets | 29/58 | €337,674 | €629,835 | +€292,162 | +86.5% |
| Amounts receivable within one year | 40/41 | €118,057 | €134,394 | +€16,337 | +13.8% |
| Trade receivables | 40 | €30,987 | €38,296 | +€7,308 | +23.6% |
| Other amounts receivable | 41 | €87,069 | €96,099 | +€9,029 | +10.4% |
| Cash at bank and in hand | 54/58 | €177,020 | €468,150 | +€291,130 | +164% |
| Deferred charges and accrued income | 490/1 | €42,597 | €27,291 | -€15,306 | -35.9% |
| Total equity and liabilities | 10/49 | €1,123,348 | €1,264,568 | +€141,221 | +12.6% |
| Equity | 10/15 | €287,927 | €385,756 | +€97,829 | +34.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €246,417 | €333,591 | +€87,174 | +35.4% |
| Tax-exempt reserves | 132 | €12,800 | €12,800 | = | 0.0% |
| Distributable reserves | 133 | €233,617 | €320,791 | +€87,174 | +37.3% |
| Profit (loss) carried forward | 14 | €21,510 | €32,164 | +€10,655 | +49.5% |
| Amounts payable | 17/49 | €835,421 | €878,813 | +€43,392 | +5.2% |
| Amounts payable after more than one year | 17 | €406,061 | €311,596 | -€94,466 | -23.3% |
| Financial debts | 170/4 | €406,061 | €311,596 | -€94,466 | -23.3% |
| Amounts payable within one year | 42/48 | €344,281 | €463,987 | +€119,707 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €93,149 | €94,466 | +€1,317 | +1.4% |
| Trade debts | 44 | €58,060 | €85,673 | +€27,613 | +47.6% |
| Suppliers | 440/4 | €58,060 | €85,673 | +€27,613 | +47.6% |
| Advances received on contracts in progress | 46 | - | €501 | +€501 | |
| Taxes, remuneration and social security | 45 | €52,631 | €85,643 | +€33,012 | +62.7% |
| Taxes | 450/3 | - | €8,870 | +€8,870 | |
| Remuneration and social security | 454/9 | €52,631 | €76,773 | +€24,142 | +45.9% |
| Other amounts payable | 47/48 | €140,441 | €197,704 | +€57,263 | +40.8% |
| Accrued charges and deferred income | 492/3 | €85,079 | €103,230 | +€18,151 | +21.3% |
| Remuneration, social security and pensions | 62 | €361,294 | €364,384 | +€3,089 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,514 | €149,433 | -€7,081 | -4.5% |
| Other operating charges | 640/8 | €3,450 | €1,711 | -€1,739 | -50.4% |
| Gross operating margin | 9900 | €783,067 | €819,037 | +€35,970 | +4.6% |
| Operating profit (loss) | 9901 | €261,808 | €303,509 | +€41,700 | +15.9% |
| Financial income | 75/76B | €80 | €55,187 | +€55,107 | +68,841% |
| Recurring financial income | 75 | €80 | €5 | -€75 | -93.9% |
| Non-recurring financial income | 76B | - | €55,182 | +€55,182 | |
| Financial charges | 65/66B | €20,791 | €19,293 | -€1,498 | -7.2% |
| Recurring financial charges | 65 | €20,791 | €19,293 | -€1,498 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €241,097 | €339,402 | +€98,305 | +40.8% |
| Income taxes | 67/77 | €38,910 | €43,870 | +€4,960 | +12.7% |
| Profit (loss) for the period | 9904 | €202,187 | €295,533 | +€93,345 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €202,187 | €295,533 | +€93,345 | +46.2% |
Next steps
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 2 November 2026 via checked.be.