WARLOON: what changed
Two financial 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.
WARLOON
Largest movements
- Receivables within one year +€26,417
up €26,417 (+52.8%), from €50,031 to €76,449
of which Trade receivables: +€37,825
- Cash +€7,734
up €7,734 (+15.6%), from €49,562 to €57,296
mainly Trade debts (+€29,368) and Depreciation (+€3,179)
- Tangible fixed assets -€2,150
down €2,150 (-24.8%), from €8,659 to €6,510
of which Plant, machinery and equipment: -€2,784
- Trade debts +€29,368
up €29,368 (+126%), from €23,252 to €52,620
- Gross operating margin +€11,422
up €11,422 (+20.9%), from €54,551 to €65,973
- Staff costs -€4,115
down €4,115 (-7.1%), from €57,756 to €53,641
- Depreciation -€3,793
down €3,793 (-54.4%), from €6,973 to €3,179
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.
Derived cash bridge
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 | €130,923 | €162,330 | +€31,407 | +24.0% |
| Fixed assets | 21/28 | €8,659 | €6,510 | -€2,150 | -24.8% |
| Tangible fixed assets | 22/27 | €8,659 | €6,510 | -€2,150 | -24.8% |
| Plant, machinery and equipment | 23 | €6,132 | €3,348 | -€2,784 | -45.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €2,528 | €3,162 | +€634 | +25.1% |
| Current assets | 29/58 | €122,264 | €155,820 | +€33,557 | +27.4% |
| Amounts receivable after more than one year | 29 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts receivable | 291 | €1,000 | €0 | -€1,000 | -100% |
| Stocks and contracts in progress | 3 | €21,400 | €21,400 | = | 0.0% |
| Stocks | 30/36 | €21,400 | €21,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,031 | €76,449 | +€26,417 | +52.8% |
| Trade receivables | 40 | €3,280 | €41,105 | +€37,825 | +1,153% |
| Other amounts receivable | 41 | €46,751 | €35,344 | -€11,408 | -24.4% |
| Cash at bank and in hand | 54/58 | €49,562 | €57,296 | +€7,734 | +15.6% |
| Deferred charges and accrued income | 490/1 | €270 | €675 | +€405 | +150% |
| Total equity and liabilities | 10/49 | €130,923 | €162,330 | +€31,407 | +24.0% |
| Equity | 10/15 | €90,813 | €91,585 | +€772 | +0.9% |
| Contributions | 10/11 | €21,395 | €21,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,418 | €70,190 | +€772 | +1.1% |
| Amounts payable | 17/49 | €40,111 | €70,745 | +€30,634 | +76.4% |
| Amounts payable within one year | 42/48 | €40,111 | €70,745 | +€30,634 | +76.4% |
| Trade debts | 44 | €23,252 | €52,620 | +€29,368 | +126% |
| Suppliers | 440/4 | €23,252 | €52,620 | +€29,368 | +126% |
| Taxes, remuneration and social security | 45 | €16,338 | €17,605 | +€1,266 | +7.8% |
| Taxes | 450/3 | €16,338 | €15,385 | -€953 | -5.8% |
| Remuneration and social security | 454/9 | - | €2,219 | +€2,219 | |
| Other amounts payable | 47/48 | €521 | €521 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €57,756 | €53,641 | -€4,115 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,973 | €3,179 | -€3,793 | -54.4% |
| Other operating charges | 640/8 | €5,710 | €5,276 | -€435 | -7.6% |
| Gross operating margin | 9900 | €54,551 | €65,973 | +€11,422 | +20.9% |
| Operating profit (loss) | 9901 | -€15,889 | €3,877 | +€19,765 | |
| Financial charges | 65/66B | €2,858 | €3,000 | +€143 | +5.0% |
| Recurring financial charges | 65 | €2,858 | €3,000 | +€143 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,746 | €876 | +€19,623 | |
| Income taxes | 67/77 | €109 | €104 | -€5 | -4.3% |
| Profit (loss) for the period | 9904 | -€18,855 | €772 | +€19,627 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,855 | €772 | +€19,627 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.