Wardenti: what changed
Two fiscal 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.
Wardenti
Largest movements
- Cash -€78,831
down €78,831 (-45.9%), from €171,558 to €92,727
mainly Contributions, distributions and other (-€150,462) and Investment in fixed assets (net) (-€7,172)
- Deferred charges and accrued income -€30,069
down €30,069 (-69.3%), from €43,415 to €13,346
- Tangible fixed assets +€3,471
up €3,471 (+31.1%), from €11,174 to €14,645
of which Furniture and vehicles: +€4,848
- Reserves -€103,802
down €103,802 (-54.1%), from €191,787 to €87,986
- Other debts +€2,808
up €2,808 (+28.7%), from €9,778 to €12,586
- Gross operating margin -€8,192
down €8,192 (-11.1%), from €73,771 to €65,579
- Taxes -€2,108
down €2,108 (-13.6%), from €15,502 to €13,395
- Depreciation +€1,474
up €1,474 (+66.2%), from €2,227 to €3,701
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 | €226,147 | €122,324 | -€103,823 | -45.9% |
| Fixed assets | 21/28 | €11,174 | €14,645 | +€3,471 | +31.1% |
| Tangible fixed assets | 22/27 | €11,174 | €14,645 | +€3,471 | +31.1% |
| Plant, machinery and equipment | 23 | €11,174 | €9,797 | -€1,377 | -12.3% |
| Furniture and vehicles | 24 | - | €4,848 | +€4,848 | |
| Current assets | 29/58 | €214,973 | €107,678 | -€107,294 | -49.9% |
| Amounts receivable within one year | 40/41 | - | €1,605 | +€1,605 | |
| Other amounts receivable | 41 | - | €1,605 | +€1,605 | |
| Cash at bank and in hand | 54/58 | €171,558 | €92,727 | -€78,831 | -45.9% |
| Deferred charges and accrued income | 490/1 | €43,415 | €13,346 | -€30,069 | -69.3% |
| Total equity and liabilities | 10/49 | €226,147 | €122,324 | -€103,823 | -45.9% |
| Equity | 10/15 | €192,787 | €88,986 | -€103,802 | -53.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €191,787 | €87,986 | -€103,802 | -54.1% |
| Distributable reserves | 133 | €191,787 | €87,986 | -€103,802 | -54.1% |
| Amounts payable | 17/49 | €33,360 | €33,338 | -€21 | -0.1% |
| Amounts payable within one year | 42/48 | €32,764 | €32,727 | -€37 | -0.1% |
| Trade debts | 44 | €2,113 | €79 | -€2,034 | -96.3% |
| Suppliers | 440/4 | €2,113 | €79 | -€2,034 | -96.3% |
| Taxes, remuneration and social security | 45 | €20,872 | €20,062 | -€810 | -3.9% |
| Taxes | 450/3 | €18,652 | €17,842 | -€810 | -4.3% |
| Remuneration and social security | 454/9 | €2,220 | €2,220 | = | 0.0% |
| Other amounts payable | 47/48 | €9,778 | €12,586 | +€2,808 | +28.7% |
| Accrued charges and deferred income | 492/3 | €596 | €611 | +€15 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,227 | €3,701 | +€1,474 | +66.2% |
| Other operating charges | 640/8 | €1,626 | €1,677 | +€51 | +3.1% |
| Gross operating margin | 9900 | €73,771 | €65,579 | -€8,192 | -11.1% |
| Operating profit (loss) | 9901 | €69,918 | €60,201 | -€9,717 | -13.9% |
| Financial charges | 65/66B | €256 | €147 | -€109 | -42.7% |
| Recurring financial charges | 65 | €256 | €147 | -€109 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €69,662 | €60,054 | -€9,607 | -13.8% |
| Income taxes | 67/77 | €15,502 | €13,395 | -€2,108 | -13.6% |
| Profit (loss) for the period | 9904 | €54,159 | €46,660 | -€7,500 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,159 | €46,660 | -€7,500 | -13.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.