WARCOING HOLDING: what changed
What changed
WARCOING HOLDING
filed annual accounts (NBB)
Net result for the year
€1.8m
2025 · €1.1m+€673,574
Equity
€122.0m
2025 · €121.2m+€781,379
Cash
€7,249
2025 · €16,208-€8,959
Balance sheet total
€136.4m
2025 · €134.0m+€2.5m
Largest movements
Assets
- Receivables within one year +€5.2m
up €5.2m (+69.5%), from €7.5m to €12.7m
- Financial fixed assets -€3.1m
down €3.1m (-2.5%), from €124.8m to €121.7m
Equity and liabilities
- Current portion of long-term debt +€3.1m
up €3.1m (+720%), from €430,266 to €3.5m
- Debts after one year -€2.7m
down €2.7m (-35.1%), from €7.7m to €5.0m
Income statement
No income-statement line moved by more than 1% of the activity.
Change in the result, 2025 to 2026
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 2025
€1.1m
Other operating charges
-€1,170
Other operating items
+€989
Financial income
+€638,447
Financial charges
+€34,386
Taxes
+€922
Result 2026
€1.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.5m
Investment
+€3.1m
Financing
-€609,823
Cash 2025
€16,208
From operations (derived)
-€2.5m
Net result for the year
+€1.8m
Receivables after one year
-€379,746
Receivables within one year
-€5.2m
Trade debts
+€1,997
Tax, wage and social debts
+€324,068
Other debts
+€964,190
Investment (derived)
+€3.1m
Investment in fixed assets (net)
+€3.1m
Current investments
+€21,408
Financing
-€609,823
Debts after one year
-€2.7m
Current portion of long-term debt
+€3.1m
Contributions, distributions and other
-€998,302
Cash 2026
€7,249
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,956,275 | €136,416,388 | +€2.5m | +1.8% |
| Fixed assets | 21/28 | €124,755,800 | €121,667,200 | -€3.1m | -2.5% |
| Financial fixed assets | 28 | €124,755,800 | €121,667,200 | -€3.1m | -2.5% |
| Affiliated companies | 280/1 | €124,755,800 | €121,667,200 | -€3.1m | -2.5% |
| Participating interests | 280 | €118,225,600 | €118,225,600 | = | 0.0% |
| Amounts receivable | 281 | €6,530,200 | €3,441,600 | -€3.1m | -47.3% |
| Current assets | 29/58 | €9,200,475 | €14,749,188 | +€5.5m | +60.3% |
| Amounts receivable after more than one year | 29 | €1,192,439 | €1,572,184 | +€379,746 | +31.8% |
| Other amounts receivable | 291 | €1,192,439 | €1,572,184 | +€379,746 | +31.8% |
| Amounts receivable within one year | 40/41 | €7,480,266 | €12,679,600 | +€5.2m | +69.5% |
| Other amounts receivable | 41 | €7,480,266 | €12,679,600 | +€5.2m | +69.5% |
| Current investments | 50/53 | €511,562 | €490,154 | -€21,408 | -4.2% |
| Own shares | 50 | €511,562 | €490,154 | -€21,408 | -4.2% |
| Cash at bank and in hand | 54/58 | €16,208 | €7,249 | -€8,959 | -55.3% |
| Total equity and liabilities | 10/49 | €133,956,275 | €136,416,388 | +€2.5m | +1.8% |
| Equity | 10/15 | €121,176,422 | €121,957,800 | +€781,379 | +0.6% |
| Contributions | 10/11 | €118,227,400 | €118,227,400 | = | 0.0% |
| Capital | 10 | €118,227,400 | €118,227,400 | = | 0.0% |
| Issued capital | 100 | €118,227,400 | €118,227,400 | = | 0.0% |
| Reserves | 13 | €2,687,904 | €2,705,565 | +€17,661 | +0.7% |
| Non-distributable reserves | 130/1 | €2,687,904 | €2,705,565 | +€17,661 | +0.7% |
| Legal reserve | 130 | €2,176,342 | €2,215,411 | +€39,069 | +1.8% |
| Own shares acquired | 1312 | €511,562 | €490,154 | -€21,408 | -4.2% |
| Profit (loss) carried forward | 14 | €261,117 | €1,024,835 | +€763,718 | +292% |
| Amounts payable | 17/49 | €12,779,853 | €14,458,587 | +€1.7m | +13.1% |
| Amounts payable after more than one year | 17 | €7,722,639 | €5,013,784 | -€2.7m | -35.1% |
| Financial debts | 170/4 | €7,722,639 | €5,013,784 | -€2.7m | -35.1% |
| Subordinated loans | 170 | €6,530,200 | €3,441,600 | -€3.1m | -47.3% |
| Other loans | 174 | €1,192,439 | €1,572,184 | +€379,746 | +31.8% |
| Amounts payable within one year | 42/48 | €5,057,215 | €9,444,803 | +€4.4m | +86.8% |
| Current portion of amounts payable after more than one year | 42 | €430,266 | €3,527,600 | +€3.1m | +720% |
| Trade debts | 44 | - | €1,997 | +€1,997 | |
| Suppliers | 440/4 | - | €1,997 | +€1,997 | |
| Taxes, remuneration and social security | 45 | €42,110 | €366,178 | +€324,068 | +770% |
| Taxes | 450/3 | €42,110 | €366,178 | +€324,068 | +770% |
| Other amounts payable | 47/48 | €4,584,839 | €5,549,029 | +€964,190 | +21.0% |
| Operating charges | 60/66A | €10,970 | €11,152 | +€181 | +1.7% |
| Goods for resale, raw materials and consumables | 60 | €38 | €40 | +€2 | +6.0% |
| Purchases | 600/8 | €38 | €40 | +€2 | +6.0% |
| Services and other goods | 61 | €7,693 | €6,703 | -€991 | -12.9% |
| Other operating charges | 640/8 | €3,239 | €4,409 | +€1,170 | +36.1% |
| Operating profit (loss) | 9901 | -€10,970 | -€11,152 | -€181 | -1.7% |
| Financial income | 75/76B | €1,473,863 | €2,112,310 | +€638,447 | +43.3% |
| Recurring financial income | 75 | €1,470,983 | €2,110,774 | +€639,791 | +43.5% |
| Income from financial fixed assets | 750 | €1,470,983 | €2,110,774 | +€639,791 | +43.5% |
| Non-recurring financial income | 76B | €2,880 | €1,536 | -€1,344 | -46.7% |
| Financial charges | 65/66B | €355,863 | €321,478 | -€34,386 | -9.7% |
| Recurring financial charges | 65 | €355,863 | €321,478 | -€34,386 | -9.7% |
| Debt charges | 650 | €303,113 | €317,210 | +€14,096 | +4.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €52,750 | €4,268 | -€48,482 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | €1,107,029 | €1,779,681 | +€672,652 | +60.8% |
| Income taxes | 67/77 | €922 | - | -€922 | |
| Taxes | 670/3 | €922 | - | -€922 | |
| Profit (loss) for the period | 9904 | €1,106,107 | €1,779,681 | +€673,574 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,106,107 | €1,779,681 | +€673,574 | +60.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.