WAREGEM EXPO: 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.
WAREGEM EXPO
Largest movements
- Tangible fixed assets -€98,692
down €98,692 (-4.4%), from €2.3m to €2.2m
of which Other tangible fixed assets: -€125,549
- Receivables within one year +€40,604
up €40,604 (+18.1%), from €224,663 to €265,267
of which Trade receivables: +€30,757
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€70,676
down €70,676 (-22.1%), from €320,023 to €249,347
- Taxes +€21,275
up €21,275 (+187.8%), from €11,331 to €32,606
- Write-downs -€14,325
down €14,325 (-100.0%), from €14,325 to €0
- Other operating charges +€4,962
up €4,962 (+14.5%), from €34,252 to €39,214
- Financial income +€4,210
up €4,210 (+75.9%), from €5,545 to €9,754
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 | €2,903,050 | €2,914,660 | +€11,610 | +0.4% |
| Fixed assets | 21/28 | €2,252,356 | €2,153,664 | -€98,692 | -4.4% |
| Tangible fixed assets | 22/27 | €2,252,356 | €2,153,664 | -€98,692 | -4.4% |
| Plant, machinery and equipment | 23 | €0 | €26,857 | +€26,857 | |
| Other tangible fixed assets | 26 | €2,252,356 | €2,126,807 | -€125,549 | -5.6% |
| Current assets | 29/58 | €650,694 | €760,996 | +€110,303 | +17.0% |
| Stocks and contracts in progress | 3 | - | €5,857 | +€5,857 | |
| Stocks | 30/36 | - | €5,857 | +€5,857 | |
| Amounts receivable within one year | 40/41 | €224,663 | €265,267 | +€40,604 | +18.1% |
| Trade receivables | 40 | €214,331 | €245,088 | +€30,757 | +14.4% |
| Other amounts receivable | 41 | €10,332 | €20,180 | +€9,847 | +95.3% |
| Current investments | 50/53 | €330,000 | €350,000 | +€20,000 | +6.1% |
| Cash at bank and in hand | 54/58 | €96,031 | €124,872 | +€28,841 | +30.0% |
| Deferred charges and accrued income | 490/1 | €0 | €15,000 | +€15,000 | |
| Total equity and liabilities | 10/49 | €2,903,050 | €2,914,660 | +€11,610 | +0.4% |
| Equity | 10/15 | €1,457,699 | €1,435,771 | -€21,928 | -1.5% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €707,699 | €685,771 | -€21,928 | -3.1% |
| Non-distributable reserves | 130/1 | €38,900 | €38,900 | = | 0.0% |
| Legal reserve | 130 | €38,900 | €38,900 | = | 0.0% |
| Distributable reserves | 133 | €668,799 | €646,871 | -€21,928 | -3.3% |
| Amounts payable | 17/49 | €1,445,351 | €1,478,889 | +€33,539 | +2.3% |
| Amounts payable after more than one year | 17 | €1,250,000 | €1,250,000 | = | 0.0% |
| Financial debts | 170/4 | €1,250,000 | €1,250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €194,851 | €228,889 | +€34,039 | +17.5% |
| Trade debts | 44 | €6,622 | €18,011 | +€11,389 | +172.0% |
| Suppliers | 440/4 | €6,622 | €18,011 | +€11,389 | +172.0% |
| Advances received on contracts in progress | 46 | €147,142 | €172,730 | +€25,588 | +17.4% |
| Taxes, remuneration and social security | 45 | €3,030 | €1,442 | -€1,588 | -52.4% |
| Taxes | 450/3 | €3,030 | €1,442 | -€1,588 | -52.4% |
| Other amounts payable | 47/48 | €38,057 | €36,707 | -€1,350 | -3.5% |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,714 | €144,144 | -€1,570 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,325 | €0 | -€14,325 | -100.0% |
| Other operating charges | 640/8 | €34,252 | €39,214 | +€4,962 | +14.5% |
| Gross operating margin | 9900 | €320,023 | €249,347 | -€70,676 | -22.1% |
| Operating profit (loss) | 9901 | €125,732 | €65,989 | -€59,743 | -47.5% |
| Financial income | 75/76B | €5,545 | €9,754 | +€4,210 | +75.9% |
| Recurring financial income | 75 | €5,545 | €9,754 | +€4,210 | +75.9% |
| Financial charges | 65/66B | €65,038 | €65,066 | +€28 | 0.0% |
| Recurring financial charges | 65 | €65,038 | €65,066 | +€28 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €66,239 | €10,678 | -€55,561 | -83.9% |
| Income taxes | 67/77 | €11,331 | €32,606 | +€21,275 | +187.8% |
| Profit (loss) for the period | 9904 | €54,908 | -€21,928 | -€76,836 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,908 | -€21,928 | -€76,836 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.