Wardurr: 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.
Wardurr
Largest movements
- Tangible fixed assets -€3,754
down €3,754 (-53.3%), from €7,043 to €3,290
of which Plant, machinery and equipment: -€2,968
- Other debts +€110,116
up €110,116 (+125.3%), from €87,879 to €197,996
- Reserves -€109,543
no longer reported in 2025 (was €109,543)
- Tax, wage and social debts -€4,445
down €4,445 (-32.2%), from €13,819 to €9,374
- Accrued charges and deferred income +€3,570
up €3,570 (+136.6%), from €2,613 to €6,183
- Gross operating margin +€12,562
up €12,562 (+15.6%), from €80,696 to €93,258
- Financial charges +€3,366
up €3,366 (+96.1%), from €3,502 to €6,867
- Taxes +€2,368
up €2,368 (+12.8%), from €18,475 to €20,843
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 | €234,840 | €233,384 | -€1,456 | -0.6% |
| Fixed assets | 21/28 | €7,043 | €3,290 | -€3,754 | -53.3% |
| Tangible fixed assets | 22/27 | €7,043 | €3,290 | -€3,754 | -53.3% |
| Plant, machinery and equipment | 23 | €4,649 | €1,682 | -€2,968 | -63.8% |
| Furniture and vehicles | 24 | €2,394 | €1,608 | -€786 | -32.8% |
| Current assets | 29/58 | €227,797 | €230,095 | +€2,298 | +1.0% |
| Amounts receivable within one year | 40/41 | €14,831 | €14,913 | +€81 | +0.5% |
| Trade receivables | 40 | €9,831 | €13,749 | +€3,917 | +39.8% |
| Other amounts receivable | 41 | €5,000 | €1,164 | -€3,836 | -76.7% |
| Current investments | 50/53 | €144,000 | €144,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,010 | €68,430 | +€1,420 | +2.1% |
| Deferred charges and accrued income | 490/1 | €1,956 | €2,752 | +€796 | +40.7% |
| Total equity and liabilities | 10/49 | €234,840 | €233,384 | -€1,456 | -0.6% |
| Equity | 10/15 | €128,143 | €18,600 | -€109,543 | -85.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,543 | - | -€109,543 | |
| Distributable reserves | 133 | €109,543 | - | -€109,543 | |
| Amounts payable | 17/49 | €106,698 | €214,784 | +€108,087 | +101.3% |
| Amounts payable within one year | 42/48 | €104,085 | €208,601 | +€104,516 | +100.4% |
| Financial debts | 43 | €80 | €16 | -€64 | -80.5% |
| Credit institutions | 430/8 | €80 | €16 | -€64 | -80.5% |
| Trade debts | 44 | €2,306 | €1,215 | -€1,091 | -47.3% |
| Suppliers | 440/4 | €2,306 | €1,215 | -€1,091 | -47.3% |
| Taxes, remuneration and social security | 45 | €13,819 | €9,374 | -€4,445 | -32.2% |
| Taxes | 450/3 | €13,819 | €9,374 | -€4,445 | -32.2% |
| Other amounts payable | 47/48 | €87,879 | €197,996 | +€110,116 | +125.3% |
| Accrued charges and deferred income | 492/3 | €2,613 | €6,183 | +€3,570 | +136.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,930 | €3,332 | -€598 | -15.2% |
| Other operating charges | 640/8 | €578 | €1,016 | +€438 | +75.8% |
| Gross operating margin | 9900 | €80,696 | €93,258 | +€12,562 | +15.6% |
| Operating profit (loss) | 9901 | €76,188 | €88,911 | +€12,722 | +16.7% |
| Financial charges | 65/66B | €3,502 | €6,867 | +€3,366 | +96.1% |
| Recurring financial charges | 65 | €3,502 | €6,867 | +€3,366 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | €72,687 | €82,043 | +€9,356 | +12.9% |
| Income taxes | 67/77 | €18,475 | €20,843 | +€2,368 | +12.8% |
| Profit (loss) for the period | 9904 | €54,212 | €61,200 | +€6,988 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,212 | €61,200 | +€6,988 | +12.9% |
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 6 October 2026 via checked.be.