WARIMMO: 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.
What changed
WARIMMO
NACE 55.100, Hotels and similar accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.2m
2024 · €439,779-€1.6m
Equity
€652,222
2024 · €1.8m-€1.2m
Cash
€175,367
2024 · €292,620-€117,253
Balance sheet total
€16.4m
2024 · €13.9m+€2.6m
Largest movements
Assets
- Tangible fixed assets +€2.7m
up €2.7m (+20.7%), from €13.2m to €15.9m
of which Assets under construction and advance payments: +€3.0m
Equity and liabilities
- Debts after one year +€3.4m
up €3.4m (+33.1%), from €10.1m to €13.5m
of which Other amounts payable: +€3.5m
- Profit (loss) carried forward -€1.2m
down €1.2m (-288.7%), from -€412,098 to -€1.6m
- Other debts +€450,479
up €450,479 (+54.2%), from €830,569 to €1.3m
Income statement
- Financial income -€986,877
down €986,877 (-98.7%), from €1.0m to €13,339
of which Non-recurring financial income: -€999,994
- Financial charges +€270,594
up €270,594 (+61.2%), from €442,229 to €712,823
of which Financial charges: +€169,336
- Gross operating margin -€203,446
down €203,446 (-8.1%), from €2.5m to €2.3m
- Turnover -€167,743
down €167,743 (-4.0%), from €4.2m to €4.1m
- Staff costs +€99,673
up €99,673 (+5.1%), from €1.9m to €2.0m
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.
Result 2024
€439,779
Gross operating margin
-€203,446
Staff costs
-€99,673
Depreciation
-€98,697
Write-downs
+€1,573
Other operating charges
-€5,342
Other operating items
+€33,597
Financial income
-€986,877
Financial charges
-€270,594
Result 2025
-€1.2m
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.
From operations
-€164,768
Investment
-€3.3m
Financing
+€3.4m
Cash 2024
€292,620
From operations (derived)
-€164,768
Net result for the year
-€1.2m
Depreciation
+€583,393
Smaller working-capital items
+€234
Receivables within one year
+€9,087
Deferred charges and accrued income
+€24,274
Trade debts
-€42,555
Other debts
+€450,479
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€3.3m
Financing
+€3.4m
Debts after one year
+€3.4m
Current portion of long-term debt
+€1,577
Contributions, distributions and other
-€6,009
Cash 2025
€175,367
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,855,509 | €16,422,922 | +€2.6m | +18.5% |
| Formation expenses | 20 | €25,073 | €24,761 | -€312 | -1.2% |
| Fixed assets | 21/28 | €13,159,138 | €15,881,585 | +€2.7m | +20.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €13,158,906 | €15,881,353 | +€2.7m | +20.7% |
| Land and buildings | 22 | €10,696,525 | €10,563,525 | -€133,000 | -1.2% |
| Plant, machinery and equipment | 23 | €2,134,519 | €2,147,221 | +€12,702 | +0.6% |
| Furniture and vehicles | 24 | €315,952 | €179,699 | -€136,253 | -43.1% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €11,910 | €2,990,908 | +€3.0m | +25012.6% |
| Financial fixed assets | 28 | €232 | €232 | = | 0.0% |
| Current assets | 29/58 | €671,298 | €516,576 | -€154,722 | -23.0% |
| Stocks and contracts in progress | 3 | €93,822 | €89,714 | -€4,108 | -4.4% |
| Stocks | 30/36 | €93,822 | €89,714 | -€4,108 | -4.4% |
| Amounts receivable within one year | 40/41 | €212,068 | €202,981 | -€9,087 | -4.3% |
| Trade receivables | 40 | €94,734 | €98,679 | +€3,945 | +4.2% |
| Other amounts receivable | 41 | €117,334 | €104,302 | -€13,032 | -11.1% |
| Cash at bank and in hand | 54/58 | €292,620 | €175,367 | -€117,253 | -40.1% |
| Deferred charges and accrued income | 490/1 | €72,788 | €48,514 | -€24,274 | -33.3% |
| Total equity and liabilities | 10/49 | €13,855,509 | €16,422,922 | +€2.6m | +18.5% |
| Equity | 10/15 | €1,847,911 | €652,222 | -€1.2m | -64.7% |
| Contributions | 10/11 | €2,254,000 | €2,254,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€412,098 | -€1,601,778 | -€1.2m | -288.7% |
| Investment grants | 15 | €6,009 | €0 | -€6,009 | -100.0% |
| Amounts payable | 17/49 | €12,007,598 | €15,770,700 | +€3.8m | +31.3% |
| Amounts payable after more than one year | 17 | €10,140,872 | €13,498,347 | +€3.4m | +33.1% |
| Financial debts | 170/4 | €6,826,174 | €6,663,650 | -€162,524 | -2.4% |
| Other amounts payable | 178/9 | €3,314,698 | €6,834,697 | +€3.5m | +106.2% |
| Amounts payable within one year | 42/48 | €1,797,058 | €2,199,918 | +€402,860 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €160,948 | €162,525 | +€1,577 | +1.0% |
| Trade debts | 44 | €381,573 | €339,018 | -€42,555 | -11.2% |
| Suppliers | 440/4 | €381,573 | €339,018 | -€42,555 | -11.2% |
| Advances received on contracts in progress | 46 | €20,606 | €21,630 | +€1,024 | +5.0% |
| Taxes, remuneration and social security | 45 | €403,362 | €395,697 | -€7,665 | -1.9% |
| Taxes | 450/3 | €120,428 | €143,034 | +€22,606 | +18.8% |
| Remuneration and social security | 454/9 | €282,934 | €252,663 | -€30,271 | -10.7% |
| Other amounts payable | 47/48 | €830,569 | €1,281,048 | +€450,479 | +54.2% |
| Accrued charges and deferred income | 492/3 | €69,668 | €72,435 | +€2,767 | +4.0% |
| Turnover | 70 | €4,218,990 | €4,051,247 | -€167,743 | -4.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,694,088 | €1,729,791 | +€35,703 | +2.1% |
| Remuneration, social security and pensions | 62 | €1,938,704 | €2,038,377 | +€99,673 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484,696 | €583,393 | +€98,697 | +20.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,268 | €1,695 | -€1,573 | -48.1% |
| Other operating charges | 640/8 | €168,539 | €173,881 | +€5,342 | +3.2% |
| Non-recurring operating charges | 66A | €47,903 | €14,306 | -€33,597 | -70.1% |
| Gross operating margin | 9900 | €2,524,902 | €2,321,456 | -€203,446 | -8.1% |
| Operating profit (loss) | 9901 | -€118,208 | -€490,196 | -€371,988 | -314.7% |
| Financial income | 75/76B | €1,000,216 | €13,339 | -€986,877 | -98.7% |
| Recurring financial income | 75 | €199 | €13,316 | +€13,117 | +6591.5% |
| Non-recurring financial income | 76B | €1,000,017 | €23 | -€999,994 | -100.0% |
| Financial charges | 65/66B | €442,229 | €712,823 | +€270,594 | +61.2% |
| Recurring financial charges | 65 | €427,630 | €596,966 | +€169,336 | +39.6% |
| Non-recurring financial charges | 66B | €14,599 | €115,857 | +€101,258 | +693.6% |
| Profit (loss) for the period before taxes | 9903 | €439,779 | -€1,189,680 | -€1.6m | |
| Profit (loss) for the period | 9904 | €439,779 | -€1,189,680 | -€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €439,779 | -€1,189,680 | -€1.6m |
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 1 October 2026 via checked.be.