WAREMI: 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.
WAREMI
Largest movements
- Cash +€16,773
up €16,773 (+154.3%), from €10,872 to €27,645
mainly Net result for the year (+€48,155) and Tax, wage and social debts (+€2,571)
- Tangible fixed assets -€834
down €834 (-28.2%), from €2,960 to €2,126
- Reserves +€13,219
up €13,219 (+38.8%), from €34,103 to €47,322
- Tax, wage and social debts +€2,571
up €2,571 (+17.7%), from €14,530 to €17,102
of which Taxes: +€2,571
- Gross operating margin +€16,985
up €16,985 (+36.1%), from €47,096 to €64,081
- Taxes +€3,339
up €3,339 (+32.5%), from €10,273 to €13,612
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 | €50,698 | €66,231 | +€15,533 | +30.6% |
| Fixed assets | 21/28 | €2,960 | €2,126 | -€834 | -28.2% |
| Tangible fixed assets | 22/27 | €2,960 | €2,126 | -€834 | -28.2% |
| Furniture and vehicles | 24 | €2,960 | €2,126 | -€834 | -28.2% |
| Current assets | 29/58 | €47,738 | €64,105 | +€16,367 | +34.3% |
| Amounts receivable within one year | 40/41 | €24,658 | €24,219 | -€439 | -1.8% |
| Trade receivables | 40 | €13,976 | €15,972 | +€1,997 | +14.3% |
| Other amounts receivable | 41 | €10,683 | €8,247 | -€2,435 | -22.8% |
| Cash at bank and in hand | 54/58 | €10,872 | €27,645 | +€16,773 | +154.3% |
| Deferred charges and accrued income | 490/1 | €12,208 | €12,241 | +€32 | +0.3% |
| Total equity and liabilities | 10/49 | €50,698 | €66,231 | +€15,533 | +30.6% |
| Equity | 10/15 | €34,203 | €47,422 | +€13,219 | +38.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €34,103 | €47,322 | +€13,219 | +38.8% |
| Distributable reserves | 133 | €34,103 | €47,322 | +€13,219 | +38.8% |
| Amounts payable | 17/49 | €16,495 | €18,809 | +€2,314 | +14.0% |
| Amounts payable within one year | 42/48 | €16,457 | €18,809 | +€2,352 | +14.3% |
| Trade debts | 44 | €1,094 | €874 | -€219 | -20.1% |
| Suppliers | 440/4 | €1,094 | €874 | -€219 | -20.1% |
| Taxes, remuneration and social security | 45 | €14,530 | €17,102 | +€2,571 | +17.7% |
| Taxes | 450/3 | €11,565 | €14,137 | +€2,571 | +22.2% |
| Remuneration and social security | 454/9 | €2,965 | €2,965 | = | 0.0% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €38 | - | -€38 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €834 | €834 | = | 0.0% |
| Other operating charges | 640/8 | €1,204 | €1,272 | +€69 | +5.7% |
| Gross operating margin | 9900 | €47,096 | €64,081 | +€16,985 | +36.1% |
| Operating profit (loss) | 9901 | €45,059 | €61,975 | +€16,916 | +37.5% |
| Financial income | 75/76B | €303 | €79 | -€224 | -74.0% |
| Recurring financial income | 75 | €303 | €79 | -€224 | -74.0% |
| Financial charges | 65/66B | €153 | €287 | +€134 | +87.3% |
| Recurring financial charges | 65 | €153 | €287 | +€134 | +87.3% |
| Profit (loss) for the period before taxes | 9903 | €45,209 | €61,767 | +€16,559 | +36.6% |
| Income taxes | 67/77 | €10,273 | €13,612 | +€3,339 | +32.5% |
| Profit (loss) for the period | 9904 | €34,936 | €48,155 | +€13,219 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,936 | €48,155 | +€13,219 | +37.8% |
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 2 October 2026 via checked.be.