WARLINTRA: 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.
WARLINTRA
Largest movements
- Receivables within one year -€77,919
down €77,919 (-42.0%), from €185,549 to €107,631
of which Other amounts receivable: -€98,656
- Tangible fixed assets -€62,211
down €62,211 (-13.7%), from €454,286 to €392,075
- Cash +€17,892
up €17,892 (+1128.5%), from €1,585 to €19,477
mainly Depreciation (+€104,821) and Contributions, distributions and other (+€87,347)
- Trade debts -€100,915
down €100,915 (-78.0%), from €129,421 to €28,506
- Profit (loss) carried forward -€90,918
down €90,918 (-144.3%), from -€63,010 to -€153,928
- Investment grants +€87,347
new in 2025: €87,347
- Debts after one year -€23,658
down €23,658 (-4.6%), from €517,347 to €493,689
of which Financial debts: -€50,004
- Current portion of long-term debt +€8,334
up €8,334 (+20.0%), from €41,670 to €50,004
- Depreciation +€58,371
up €58,371 (+125.7%), from €46,450 to €104,821
- Gross operating margin +€27,159
up €27,159 (+47.8%), from €56,783 to €83,942
- Financial income +€21,870
new in 2025: €21,870
- Staff costs +€9,635
up €9,635 (+14.0%), from €69,017 to €78,652
- Financial charges +€8,338
up €8,338 (+246.3%), from €3,385 to €11,723
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 | €653,581 | €538,363 | -€115,217 | -17.6% |
| Fixed assets | 21/28 | €463,961 | €407,800 | -€56,161 | -12.1% |
| Tangible fixed assets | 22/27 | €454,286 | €392,075 | -€62,211 | -13.7% |
| Furniture and vehicles | 24 | €454,286 | €392,075 | -€62,211 | -13.7% |
| Financial fixed assets | 28 | €9,675 | €15,725 | +€6,050 | +62.5% |
| Current assets | 29/58 | €189,620 | €130,564 | -€59,056 | -31.1% |
| Amounts receivable within one year | 40/41 | €185,549 | €107,631 | -€77,919 | -42.0% |
| Trade receivables | 40 | €86,157 | €106,894 | +€20,738 | +24.1% |
| Other amounts receivable | 41 | €99,393 | €736 | -€98,656 | -99.3% |
| Cash at bank and in hand | 54/58 | €1,585 | €19,477 | +€17,892 | +1128.5% |
| Deferred charges and accrued income | 490/1 | €2,485 | €3,456 | +€971 | +39.1% |
| Total equity and liabilities | 10/49 | €653,581 | €538,363 | -€115,217 | -17.6% |
| Equity | 10/15 | -€43,010 | -€46,581 | -€3,571 | -8.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,010 | -€153,928 | -€90,918 | -144.3% |
| Investment grants | 15 | - | €87,347 | +€87,347 | |
| Amounts payable | 17/49 | €696,590 | €584,944 | -€111,646 | -16.0% |
| Amounts payable after more than one year | 17 | €517,347 | €493,689 | -€23,658 | -4.6% |
| Financial debts | 170/4 | €258,330 | €208,326 | -€50,004 | -19.4% |
| Other amounts payable | 178/9 | €259,017 | €285,363 | +€26,346 | +10.2% |
| Amounts payable within one year | 42/48 | €179,212 | €91,255 | -€87,956 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €41,670 | €50,004 | +€8,334 | +20.0% |
| Trade debts | 44 | €129,421 | €28,506 | -€100,915 | -78.0% |
| Suppliers | 440/4 | €129,421 | €28,506 | -€100,915 | -78.0% |
| Taxes, remuneration and social security | 45 | €8,120 | €12,745 | +€4,625 | +57.0% |
| Taxes | 450/3 | €545 | €4,178 | +€3,633 | +666.1% |
| Remuneration and social security | 454/9 | €7,575 | €8,567 | +€992 | +13.1% |
| Accrued charges and deferred income | 492/3 | €32 | €0 | -€32 | -100.0% |
| Remuneration, social security and pensions | 62 | €69,017 | €78,652 | +€9,635 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,450 | €104,821 | +€58,371 | +125.7% |
| Other operating charges | 640/8 | €941 | €1,534 | +€593 | +63.0% |
| Gross operating margin | 9900 | €56,783 | €83,942 | +€27,159 | +47.8% |
| Operating profit (loss) | 9901 | -€59,625 | -€101,066 | -€41,441 | -69.5% |
| Financial income | 75/76B | - | €21,870 | +€21,870 | |
| Recurring financial income | 75 | - | €21,870 | +€21,870 | |
| Financial charges | 65/66B | €3,385 | €11,723 | +€8,338 | +246.3% |
| Recurring financial charges | 65 | €3,385 | €11,723 | +€8,338 | +246.3% |
| Profit (loss) for the period before taxes | 9903 | -€63,010 | -€90,918 | -€27,909 | -44.3% |
| Profit (loss) for the period | 9904 | -€63,010 | -€90,918 | -€27,909 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,010 | -€90,918 | -€27,909 | -44.3% |
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 3 October 2026 via checked.be.