WARDANI: 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.
WARDANI
Largest movements
- Receivables within one year +€22,305
up €22,305 (+40.7%), from €54,736 to €77,041
- Tangible fixed assets -€904
down €904 (-50.9%), from €1,777 to €873
- Trade debts +€16,219
up €16,219 (+561.9%), from €2,887 to €19,106
- Profit (loss) carried forward +€7,296
up €7,296 (+23.0%), from €31,783 to €39,079
- Other debts -€3,395
down €3,395 (-23.8%), from €14,236 to €10,841
- Tax, wage and social debts +€1,818
up €1,818 (+69.0%), from €2,635 to €4,453
- Taxes +€3,968
new in 2025: €3,968
- Gross operating margin -€3,231
down €3,231 (-20.4%), from €15,805 to €12,574
- Other operating charges -€1,040
down €1,040 (-100.0%), from €1,040 to €0
- Financial charges +€288
up €288 (+242.4%), from €119 to €406
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.
Cash bridge derived
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 | €58,467 | €79,976 | +€21,509 | +36.8% |
| Fixed assets | 21/28 | €1,777 | €873 | -€904 | -50.9% |
| Tangible fixed assets | 22/27 | €1,777 | €873 | -€904 | -50.9% |
| Furniture and vehicles | 24 | €1,777 | €873 | -€904 | -50.9% |
| Current assets | 29/58 | €56,690 | €79,102 | +€22,413 | +39.5% |
| Amounts receivable within one year | 40/41 | €54,736 | €77,041 | +€22,305 | +40.7% |
| Other amounts receivable | 41 | €54,736 | €77,041 | +€22,305 | +40.7% |
| Cash at bank and in hand | 54/58 | €1,954 | €2,061 | +€108 | +5.5% |
| Total equity and liabilities | 10/49 | €58,467 | €79,976 | +€21,509 | +36.8% |
| Equity | 10/15 | €35,783 | €43,079 | +€7,296 | +20.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | €4,000 | = | 0.0% |
| Issued capital | 100 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,783 | €39,079 | +€7,296 | +23.0% |
| Amounts payable | 17/49 | €22,683 | €36,896 | +€14,213 | +62.7% |
| Amounts payable within one year | 42/48 | €22,683 | €36,896 | +€14,213 | +62.7% |
| Current portion of amounts payable after more than one year | 42 | €2,925 | €2,343 | -€582 | -19.9% |
| Financial debts | 43 | - | €154 | +€154 | |
| Credit institutions | 430/8 | - | €154 | +€154 | |
| Trade debts | 44 | €2,887 | €19,106 | +€16,219 | +561.9% |
| Suppliers | 440/4 | €2,887 | €19,106 | +€16,219 | +561.9% |
| Taxes, remuneration and social security | 45 | €2,635 | €4,453 | +€1,818 | +69.0% |
| Taxes | 450/3 | €2,635 | €4,453 | +€1,818 | +69.0% |
| Other amounts payable | 47/48 | €14,236 | €10,841 | -€3,395 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €940 | €904 | -€36 | -3.9% |
| Other operating charges | 640/8 | €1,040 | €0 | -€1,040 | -100.0% |
| Gross operating margin | 9900 | €15,805 | €12,574 | -€3,231 | -20.4% |
| Operating profit (loss) | 9901 | €13,826 | €11,670 | -€2,155 | -15.6% |
| Financial charges | 65/66B | €119 | €406 | +€288 | +242.4% |
| Recurring financial charges | 65 | €119 | €406 | +€288 | +242.4% |
| Profit (loss) for the period before taxes | 9903 | €13,707 | €11,264 | -€2,443 | -17.8% |
| Income taxes | 67/77 | - | €3,968 | +€3,968 | |
| Profit (loss) for the period | 9904 | €13,707 | €7,296 | -€6,411 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,707 | €7,296 | -€6,411 | -46.8% |
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 9 October 2026 via checked.be.