Warehouse 5: 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 5
Largest movements
- Cash +€28,093
up €28,093 (+163.8%), from €17,149 to €45,242
mainly Net result for the year (+€20,499) and Receivables within one year (+€9,940)
- Receivables within one year -€9,940
down €9,940 (-17.8%), from €55,725 to €45,785
of which Trade receivables: -€9,698
- Current investments +€5,852
up €5,852 (+8.3%), from €70,088 to €75,939
- Reserves +€20,499
up €20,499 (+79.4%), from €25,803 to €46,301
- Tax, wage and social debts -€7,013
down €7,013 (-12.6%), from €55,563 to €48,550
of which Taxes: -€10,552
- Short-term financial debts +€5,543
up €5,543 (+31.1%), from €17,819 to €23,363
- Trade debts +€5,220
up €5,220 (+12.2%), from €42,885 to €48,105
- Gross operating margin -€44,685
down €44,685 (-10.8%), from €415,493 to €370,808
- Staff costs -€42,916
down €42,916 (-11.2%), from €384,500 to €341,583
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 | €144,630 | €169,854 | +€25,225 | +17.4% |
| Fixed assets | 21/28 | €966 | €1,939 | +€973 | +100.7% |
| Tangible fixed assets | 22/27 | €966 | €1,732 | +€766 | +79.2% |
| Plant, machinery and equipment | 23 | €541 | €931 | +€390 | +72.1% |
| Furniture and vehicles | 24 | €425 | €801 | +€376 | +88.3% |
| Financial fixed assets | 28 | - | €207 | +€207 | |
| Current assets | 29/58 | €143,663 | €167,915 | +€24,252 | +16.9% |
| Amounts receivable within one year | 40/41 | €55,725 | €45,785 | -€9,940 | -17.8% |
| Trade receivables | 40 | €55,483 | €45,785 | -€9,698 | -17.5% |
| Other amounts receivable | 41 | €242 | €0 | -€242 | -100.0% |
| Current investments | 50/53 | €70,088 | €75,939 | +€5,852 | +8.3% |
| Cash at bank and in hand | 54/58 | €17,149 | €45,242 | +€28,093 | +163.8% |
| Deferred charges and accrued income | 490/1 | €702 | €949 | +€247 | +35.2% |
| Total equity and liabilities | 10/49 | €144,630 | €169,854 | +€25,225 | +17.4% |
| Equity | 10/15 | €28,303 | €48,801 | +€20,499 | +72.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €25,803 | €46,301 | +€20,499 | +79.4% |
| Distributable reserves | 133 | €25,803 | €46,301 | +€20,499 | +79.4% |
| Amounts payable | 17/49 | €116,327 | €121,053 | +€4,726 | +4.1% |
| Amounts payable within one year | 42/48 | €116,327 | €121,053 | +€4,726 | +4.1% |
| Financial debts | 43 | €17,819 | €23,363 | +€5,543 | +31.1% |
| Credit institutions | 430/8 | €17,819 | €23,363 | +€5,543 | +31.1% |
| Trade debts | 44 | €42,885 | €48,105 | +€5,220 | +12.2% |
| Suppliers | 440/4 | €42,885 | €48,105 | +€5,220 | +12.2% |
| Taxes, remuneration and social security | 45 | €55,563 | €48,550 | -€7,013 | -12.6% |
| Taxes | 450/3 | €21,337 | €10,785 | -€10,552 | -49.5% |
| Remuneration and social security | 454/9 | €34,226 | €37,765 | +€3,539 | +10.3% |
| Other amounts payable | 47/48 | €61 | €1,036 | +€975 | +1609.6% |
| Remuneration, social security and pensions | 62 | €384,500 | €341,583 | -€42,916 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651 | €1,013 | +€362 | +55.7% |
| Other operating charges | 640/8 | €1,311 | €1,342 | +€31 | +2.3% |
| Gross operating margin | 9900 | €415,493 | €370,808 | -€44,685 | -10.8% |
| Operating profit (loss) | 9901 | €29,031 | €26,870 | -€2,161 | -7.4% |
| Financial income | 75/76B | €607 | €624 | +€17 | +2.8% |
| Recurring financial income | 75 | €607 | €624 | +€17 | +2.8% |
| Financial charges | 65/66B | €766 | €475 | -€290 | -37.9% |
| Recurring financial charges | 65 | €766 | €475 | -€290 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €28,873 | €27,019 | -€1,854 | -6.4% |
| Income taxes | 67/77 | €7,109 | €6,520 | -€588 | -8.3% |
| Profit (loss) for the period | 9904 | €21,764 | €20,499 | -€1,266 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,764 | €20,499 | -€1,266 | -5.8% |
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.