Warehouse: 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.
Warehouse
Largest movements
- Tangible fixed assets +€24,165
up €24,165 (+3.3%), from €729,301 to €753,466
of which Plant, machinery and equipment: +€26,762
- Other debts +€30,000
up €30,000 (+143.9%), from €20,847 to €50,847
- Debts after one year -€22,959
down €22,959 (-6.7%), from €340,616 to €317,657
- Profit (loss) carried forward +€9,400
up €9,400 (+9.1%), from -€102,961 to -€93,560
- Gross operating margin +€6,219
up €6,219 (+15.6%), from €39,789 to €46,008
- Depreciation +€1,155
up €1,155 (+7.0%), from €16,576 to €17,731
- Financial charges -€660
down €660 (-5.3%), from €12,412 to €11,752
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 | €742,610 | €767,594 | +€24,984 | +3.4% |
| Fixed assets | 21/28 | €729,301 | €753,466 | +€24,165 | +3.3% |
| Tangible fixed assets | 22/27 | €729,301 | €753,466 | +€24,165 | +3.3% |
| Land and buildings | 22 | €729,301 | €726,704 | -€2,597 | -0.4% |
| Plant, machinery and equipment | 23 | - | €26,762 | +€26,762 | |
| Current assets | 29/58 | €13,309 | €14,128 | +€819 | +6.2% |
| Amounts receivable within one year | 40/41 | €9,616 | €9,616 | = | 0.0% |
| Trade receivables | 40 | €9,150 | €9,150 | = | 0.0% |
| Other amounts receivable | 41 | €466 | €466 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,667 | €4,512 | +€845 | +23.0% |
| Deferred charges and accrued income | 490/1 | €26 | - | -€26 | |
| Total equity and liabilities | 10/49 | €742,610 | €767,594 | +€24,984 | +3.4% |
| Equity | 10/15 | €357,039 | €366,440 | +€9,400 | +2.6% |
| Contributions | 10/11 | €460,000 | €460,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,961 | -€93,560 | +€9,400 | +9.1% |
| Amounts payable | 17/49 | €385,571 | €401,154 | +€15,583 | +4.0% |
| Amounts payable after more than one year | 17 | €340,616 | €317,657 | -€22,959 | -6.7% |
| Financial debts | 170/4 | €340,616 | €317,657 | -€22,959 | -6.7% |
| Amounts payable within one year | 42/48 | €44,955 | €83,497 | +€38,543 | +85.7% |
| Current portion of amounts payable after more than one year | 42 | €22,217 | €22,959 | +€742 | +3.3% |
| Trade debts | 44 | - | €7,171 | +€7,171 | |
| Suppliers | 440/4 | - | €7,171 | +€7,171 | |
| Taxes, remuneration and social security | 45 | €1,890 | €2,520 | +€630 | +33.3% |
| Taxes | 450/3 | €1,890 | €2,520 | +€630 | +33.3% |
| Other amounts payable | 47/48 | €20,847 | €50,847 | +€30,000 | +143.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,576 | €17,731 | +€1,155 | +7.0% |
| Other operating charges | 640/8 | €6,912 | €7,124 | +€212 | +3.1% |
| Gross operating margin | 9900 | €39,789 | €46,008 | +€6,219 | +15.6% |
| Operating profit (loss) | 9901 | €16,301 | €21,153 | +€4,852 | +29.8% |
| Financial charges | 65/66B | €12,412 | €11,752 | -€660 | -5.3% |
| Recurring financial charges | 65 | €12,412 | €11,752 | -€660 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €3,889 | €9,400 | +€5,511 | +141.7% |
| Profit (loss) for the period | 9904 | €3,889 | €9,400 | +€5,511 | +141.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,889 | €9,400 | +€5,511 | +141.7% |
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 8 October 2026 via checked.be.