WARLAW: 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.
WARLAW
Largest movements
- Tangible fixed assets +€50,076
up €50,076 (+811.3%), from €6,172 to €56,248
- Receivables within one year +€43,980
up €43,980 (+231.7%), from €18,984 to €62,965
- Intangible fixed assets -€21,435
down €21,435 (-16.7%), from €128,565 to €107,130
- Cash -€20,839
down €20,839 (-37.2%), from €56,083 to €35,244
mainly Investment in fixed assets (net) (-€59,317) and Receivables within one year (-€43,980)
- Profit (loss) carried forward +€57,243
up €57,243 (+65.4%), from €87,480 to €144,723
- Current portion of long-term debt +€11,212
new in 2023: €11,212
- Debts after one year -€11,039
down €11,039 (-13.8%), from €80,000 to €68,961
of which Other amounts payable: -€52,000
- Other debts -€7,330
down €7,330 (-85.0%), from €8,627 to €1,297
- Tax, wage and social debts -€4,406
down €4,406 (-12.5%), from €35,391 to €30,985
- Gross operating margin +€64,629
up €64,629 (+150.2%), from €43,034 to €107,663
- Taxes +€12,576
up €12,576 (+277.9%), from €4,525 to €17,101
- Depreciation +€6,999
up €6,999 (+29.6%), from €23,677 to €30,676
- Financial charges +€1,817
up €1,817 (+217.0%), from €837 to €2,654
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,004 | €277,586 | +€49,582 | +21.7% |
| Fixed assets | 21/28 | €137,237 | €165,878 | +€28,641 | +20.9% |
| Intangible fixed assets | 21 | €128,565 | €107,130 | -€21,435 | -16.7% |
| Tangible fixed assets | 22/27 | €6,172 | €56,248 | +€50,076 | +811.3% |
| Furniture and vehicles | 24 | €6,172 | €56,248 | +€50,076 | +811.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €90,767 | €111,708 | +€20,941 | +23.1% |
| Amounts receivable within one year | 40/41 | €18,984 | €62,965 | +€43,980 | +231.7% |
| Trade receivables | 40 | €18,984 | €62,965 | +€43,980 | +231.7% |
| Cash at bank and in hand | 54/58 | €56,083 | €35,244 | -€20,839 | -37.2% |
| Deferred charges and accrued income | 490/1 | €15,700 | €13,500 | -€2,200 | -14.0% |
| Total equity and liabilities | 10/49 | €228,004 | €277,586 | +€49,582 | +21.7% |
| Equity | 10/15 | €90,480 | €147,723 | +€57,243 | +63.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,480 | €144,723 | +€57,243 | +65.4% |
| Amounts payable | 17/49 | €137,525 | €129,864 | -€7,661 | -5.6% |
| Amounts payable after more than one year | 17 | €80,000 | €68,961 | -€11,039 | -13.8% |
| Financial debts | 170/4 | - | €40,961 | +€40,961 | |
| Other amounts payable | 178/9 | €80,000 | €28,000 | -€52,000 | -65.0% |
| Amounts payable within one year | 42/48 | €57,525 | €60,902 | +€3,378 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | - | €11,212 | +€11,212 | |
| Trade debts | 44 | €13,506 | €17,408 | +€3,902 | +28.9% |
| Suppliers | 440/4 | €13,506 | €17,408 | +€3,902 | +28.9% |
| Taxes, remuneration and social security | 45 | €35,391 | €30,985 | -€4,406 | -12.5% |
| Taxes | 450/3 | €35,391 | €30,985 | -€4,406 | -12.5% |
| Other amounts payable | 47/48 | €8,627 | €1,297 | -€7,330 | -85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,677 | €30,676 | +€6,999 | +29.6% |
| Gross operating margin | 9900 | €43,034 | €107,663 | +€64,629 | +150.2% |
| Operating profit (loss) | 9901 | €19,358 | €76,987 | +€57,630 | +297.7% |
| Financial income | 75/76B | €4 | €11 | +€6 | +142.8% |
| Recurring financial income | 75 | €4 | €11 | +€6 | +142.8% |
| Financial charges | 65/66B | €837 | €2,654 | +€1,817 | +217.0% |
| Recurring financial charges | 65 | €837 | €2,654 | +€1,817 | +217.0% |
| Profit (loss) for the period before taxes | 9903 | €18,525 | €74,344 | +€55,819 | +301.3% |
| Income taxes | 67/77 | €4,525 | €17,101 | +€12,576 | +277.9% |
| Profit (loss) for the period | 9904 | €14,000 | €57,243 | +€43,243 | +308.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,000 | €57,243 | +€43,243 | +308.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.