WAREN: what changed
WAREN
Largest movements
- Cash +€13,908
up €13,908 (+9.6%), from €144,195 to €158,104
mainly Net result for the year (+€24,953) and Receivables within one year (+€3,335)
- Receivables within one year -€3,335
down €3,335 (-36.4%), from €9,159 to €5,823
- Reserves +€11,280
up €11,280 (+8.1%), from €139,041 to €150,321
- Other debts -€3,028
down €3,028 (-50.1%), from €6,043 to €3,014
- Tax, wage and social debts +€1,970
up €1,970 (+53.4%), from €3,686 to €5,656
- Gross operating margin +€5,165
up €5,165 (+15.8%), from €32,673 to €37,838
- Taxes +€3,068
up €3,068 (+35.7%), from €8,585 to €11,653
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,361 | €165,309 | +€9,948 | +6.4% |
| Fixed assets | 21/28 | €1,633 | €994 | -€638 | -39.1% |
| Tangible fixed assets | 22/27 | €1,633 | €994 | -€638 | -39.1% |
| Land and buildings | 22 | €561 | €467 | -€93 | -16.7% |
| Furniture and vehicles | 24 | €1,072 | €527 | -€545 | -50.8% |
| Current assets | 29/58 | €153,728 | €164,314 | +€10,586 | +6.9% |
| Amounts receivable within one year | 40/41 | €9,159 | €5,823 | -€3,335 | -36.4% |
| Trade receivables | 40 | €9,159 | €5,823 | -€3,335 | -36.4% |
| Cash at bank and in hand | 54/58 | €144,195 | €158,104 | +€13,908 | +9.6% |
| Deferred charges and accrued income | 490/1 | €374 | €387 | +€13 | +3.6% |
| Total equity and liabilities | 10/49 | €155,361 | €165,309 | +€9,948 | +6.4% |
| Equity | 10/15 | €145,241 | €156,521 | +€11,280 | +7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,041 | €150,321 | +€11,280 | +8.1% |
| Distributable reserves | 133 | €139,041 | €150,321 | +€11,280 | +8.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €10,119 | €8,788 | -€1,331 | -13.2% |
| Amounts payable within one year | 42/48 | €10,119 | €8,788 | -€1,331 | -13.2% |
| Trade debts | 44 | €391 | €118 | -€273 | -69.7% |
| Suppliers | 440/4 | €391 | €118 | -€273 | -69.7% |
| Taxes, remuneration and social security | 45 | €3,686 | €5,656 | +€1,970 | +53.4% |
| Taxes | 450/3 | €3,686 | €5,656 | +€1,970 | +53.4% |
| Other amounts payable | 47/48 | €6,043 | €3,014 | -€3,028 | -50.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €638 | €638 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €32,673 | €37,838 | +€5,165 | +15.8% |
| Operating profit (loss) | 9901 | €31,507 | €36,656 | +€5,149 | +16.3% |
| Financial charges | 65/66B | €44 | €50 | +€7 | +15.8% |
| Recurring financial charges | 65 | €44 | €50 | +€7 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €31,463 | €36,605 | +€5,142 | +16.3% |
| Income taxes | 67/77 | €8,585 | €11,653 | +€3,068 | +35.7% |
| Profit (loss) for the period | 9904 | €22,878 | €24,953 | +€2,075 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,878 | €24,953 | +€2,075 | +9.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.