WAREGEMSE RIJSCHOOL: 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.
WAREGEMSE RIJSCHOOL
Largest movements
- Current investments +€332,885
up €332,885 (+19.8%), from €1.7m to €2.0m
- Cash +€124,473
up €124,473 (+47.0%), from €264,712 to €389,185
mainly Net result for the year (+€360,582) and Depreciation (+€85,362)
- Tangible fixed assets -€39,672
down €39,672 (-10.8%), from €368,851 to €329,179
of which Furniture and vehicles: -€39,064
- Reserves +€360,582
up €360,582 (+18.2%), from €2.0m to €2.3m
of which Distributable reserves: +€360,582
- Trade debts +€46,988
up €46,988 (+38.7%), from €121,394 to €168,383
- Gross operating margin +€118,305
up €118,305 (+10.5%), from €1.1m to €1.2m
- Taxes +€26,661
up €26,661 (+20.4%), from €130,472 to €157,133
- Financial income -€24,398
down €24,398 (-37.3%), from €65,434 to €41,036
of which Financial income: -€25,406
- Staff costs +€15,507
up €15,507 (+2.4%), from €636,923 to €652,430
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,403,010 | €2,829,602 | +€426,592 | +17.8% |
| Fixed assets | 21/28 | €371,053 | €331,396 | -€39,658 | -10.7% |
| Tangible fixed assets | 22/27 | €368,851 | €329,179 | -€39,672 | -10.8% |
| Furniture and vehicles | 24 | €364,348 | €325,284 | -€39,064 | -10.7% |
| Other tangible fixed assets | 26 | €4,503 | €3,896 | -€607 | -13.5% |
| Financial fixed assets | 28 | €2,202 | €2,216 | +€14 | +0.6% |
| Current assets | 29/58 | €2,031,957 | €2,498,206 | +€466,249 | +22.9% |
| Stocks and contracts in progress | 3 | €1,382 | €1,351 | -€30 | -2.2% |
| Stocks | 30/36 | €1,382 | €1,351 | -€30 | -2.2% |
| Amounts receivable within one year | 40/41 | €61,127 | €69,301 | +€8,174 | +13.4% |
| Trade receivables | 40 | €60,941 | €69,128 | +€8,187 | +13.4% |
| Other amounts receivable | 41 | €186 | €174 | -€12 | -6.7% |
| Current investments | 50/53 | €1,681,335 | €2,014,220 | +€332,885 | +19.8% |
| Cash at bank and in hand | 54/58 | €264,712 | €389,185 | +€124,473 | +47.0% |
| Deferred charges and accrued income | 490/1 | €23,401 | €24,149 | +€748 | +3.2% |
| Total equity and liabilities | 10/49 | €2,403,010 | €2,829,602 | +€426,592 | +17.8% |
| Equity | 10/15 | €2,004,340 | €2,364,922 | +€360,582 | +18.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,979,340 | €2,339,922 | +€360,582 | +18.2% |
| Tax-exempt reserves | 132 | €10,947 | €10,947 | = | 0.0% |
| Distributable reserves | 133 | €1,968,392 | €2,328,974 | +€360,582 | +18.3% |
| Amounts payable | 17/49 | €398,671 | €464,680 | +€66,010 | +16.6% |
| Amounts payable within one year | 42/48 | €398,671 | €464,680 | +€66,010 | +16.6% |
| Trade debts | 44 | €121,394 | €168,383 | +€46,988 | +38.7% |
| Suppliers | 440/4 | €121,394 | €168,383 | +€46,988 | +38.7% |
| Advances received on contracts in progress | 46 | €76,398 | €78,027 | +€1,630 | +2.1% |
| Taxes, remuneration and social security | 45 | €200,879 | €218,194 | +€17,315 | +8.6% |
| Taxes | 450/3 | €82,055 | €93,867 | +€11,812 | +14.4% |
| Remuneration and social security | 454/9 | €118,824 | €124,327 | +€5,503 | +4.6% |
| Other amounts payable | 47/48 | - | €77 | +€77 | |
| Non-recurring operating income | 76A | €583 | €611 | +€28 | +4.8% |
| Remuneration, social security and pensions | 62 | €636,923 | €652,430 | +€15,507 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,783 | €85,362 | +€2,579 | +3.1% |
| Other operating charges | 640/8 | €6,349 | €8,756 | +€2,407 | +37.9% |
| Non-recurring operating charges | 66A | €14,707 | €7,710 | -€6,997 | -47.6% |
| Gross operating margin | 9900 | €1,121,608 | €1,239,912 | +€118,305 | +10.5% |
| Operating profit (loss) | 9901 | €380,846 | €485,655 | +€104,809 | +27.5% |
| Financial income | 75/76B | €65,434 | €41,036 | -€24,398 | -37.3% |
| Recurring financial income | 75 | €64,064 | €38,658 | -€25,406 | -39.7% |
| Non-recurring financial income | 76B | €1,371 | €2,378 | +€1,008 | +73.5% |
| Financial charges | 65/66B | €7,554 | €8,976 | +€1,421 | +18.8% |
| Recurring financial charges | 65 | €7,554 | €8,976 | +€1,421 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €438,726 | €517,715 | +€78,989 | +18.0% |
| Income taxes | 67/77 | €130,472 | €157,133 | +€26,661 | +20.4% |
| Profit (loss) for the period | 9904 | €308,254 | €360,582 | +€52,328 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €308,254 | €360,582 | +€52,328 | +17.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.