WAREC: 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.
What changed
WAREC
NACE 08.112, Other mining and quarrying
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€50,054
2024 · €79,940-€129,994
Equity
€18.3m
2024 · €18.4m-€50,054
Cash
€5,355
2024 · €23,363-€18,008
Balance sheet total
€19.3m
2024 · €19.2m+€127,081
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€419,760
up €419,760 (+88.3%), from €475,559 to €895,319
- Trade debts -€255,262
down €255,262 (-93.5%), from €273,050 to €17,789
Income statement
- Turnover -€177,847
down €177,847 (-27.6%), from €645,491 to €467,644
- Services and other goods -€37,978
down €37,978 (-17.0%), from €223,762 to €185,784
- Taxes -€27,568
down €27,568 (-99.4%), from €27,733 to €165
- Staff costs +€17,140
up €17,140 (+5.5%), from €313,285 to €330,425
- Goods and materials +€7,786
up €7,786, from €0 to €7,786
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.
Result 2024
€79,940
Turnover
-€177,847
Other operating income
+€7,231
Goods and materials
-€7,786
Services and other goods
+€37,978
Staff costs
-€17,140
Other operating charges
+€49
Financial charges
-€46
Taxes
+€27,568
Result 2025
-€50,054
raises the resultlowers the result
Derived cash bridge
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.
From operations
-€38,371
Investment
+€363
Financing
+€20,000
Cash 2024
€23,363
From operations (derived)
-€38,371
Net result for the year
-€50,054
Receivables within one year
-€145,127
Deferred charges and accrued income
-€325
Trade debts
-€255,262
Tax, wage and social debts
-€7,363
Other debts
+€419,760
Investment (derived)
+€363
Investment in fixed assets (net)
+€363
Financing
+€20,000
Short-term financial debts
+€20,000
Cash 2025
€5,355
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,162,371 | €19,289,452 | +€127,081 | +0.7% |
| Fixed assets | 21/28 | €17,931,251 | €17,930,888 | -€363 | 0.0% |
| Financial fixed assets | 28 | €17,931,251 | €17,930,888 | -€363 | 0.0% |
| Affiliated companies | 280/1 | €17,930,888 | €17,930,888 | = | 0.0% |
| Participating interests | 280 | €17,930,888 | €17,930,888 | = | 0.0% |
| Other financial fixed assets | 284/8 | €363 | €0 | -€363 | -100% |
| Amounts receivable and cash guarantees | 285/8 | €363 | €0 | -€363 | -100% |
| Current assets | 29/58 | €1,231,120 | €1,358,564 | +€127,444 | +10.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,203,771 | €1,348,899 | +€145,127 | +12.1% |
| Trade receivables | 40 | €54,332 | €50,592 | -€3,740 | -6.9% |
| Other amounts receivable | 41 | €1,149,439 | €1,298,306 | +€148,867 | +13.0% |
| Cash at bank and in hand | 54/58 | €23,363 | €5,355 | -€18,008 | -77.1% |
| Deferred charges and accrued income | 490/1 | €3,986 | €4,310 | +€325 | +8.1% |
| Total equity and liabilities | 10/49 | €19,162,371 | €19,289,452 | +€127,081 | +0.7% |
| Equity | 10/15 | €18,373,423 | €18,323,369 | -€50,054 | -0.3% |
| Contributions | 10/11 | €17,930,888 | €17,930,888 | = | 0.0% |
| Reserves | 13 | €442,535 | €392,481 | -€50,054 | -11.3% |
| Distributable reserves | 133 | €442,535 | €392,481 | -€50,054 | -11.3% |
| Amounts payable | 17/49 | €788,948 | €966,083 | +€177,135 | +22.5% |
| Amounts payable within one year | 42/48 | €786,948 | €964,083 | +€177,135 | +22.5% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €273,050 | €17,789 | -€255,262 | -93.5% |
| Suppliers | 440/4 | €273,050 | €17,789 | -€255,262 | -93.5% |
| Taxes, remuneration and social security | 45 | €38,339 | €30,976 | -€7,363 | -19.2% |
| Taxes | 450/3 | €1,305 | €10,368 | +€9,063 | +694% |
| Remuneration and social security | 454/9 | €37,034 | €20,608 | -€16,426 | -44.4% |
| Other amounts payable | 47/48 | €475,559 | €895,319 | +€419,760 | +88.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Operating income | 70/76A | €645,934 | €475,318 | -€170,616 | -26.4% |
| Turnover | 70 | €645,491 | €467,644 | -€177,847 | -27.6% |
| Other operating income | 74 | €443 | €7,674 | +€7,231 | +1,634% |
| Operating charges | 60/66A | €538,222 | €525,122 | -€13,101 | -2.4% |
| Goods for resale, raw materials and consumables | 60 | €0 | €7,786 | +€7,786 | |
| Purchases | 600/8 | €0 | €7,786 | +€7,786 | |
| Services and other goods | 61 | €223,762 | €185,784 | -€37,978 | -17.0% |
| Remuneration, social security and pensions | 62 | €313,285 | €330,425 | +€17,140 | +5.5% |
| Other operating charges | 640/8 | €1,176 | €1,126 | -€49 | -4.2% |
| Operating profit (loss) | 9901 | €107,712 | -€49,804 | -€157,515 | |
| Financial charges | 65/66B | €39 | €85 | +€46 | +118% |
| Recurring financial charges | 65 | €39 | €85 | +€46 | +118% |
| Other financial charges | 652/9 | €39 | €85 | +€46 | +118% |
| Profit (loss) for the period before taxes | 9903 | €107,672 | -€49,889 | -€157,561 | |
| Income taxes | 67/77 | €27,733 | €165 | -€27,568 | -99.4% |
| Taxes | 670/3 | €27,733 | €165 | -€27,568 | -99.4% |
| Profit (loss) for the period | 9904 | €79,940 | -€50,054 | -€129,994 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,940 | -€50,054 | -€129,994 |
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 13 October 2026 via checked.be.