WARMELOO: 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.
WARMELOO
Largest movements
- Receivables within one year +€39,772
up €39,772 (+374.0%), from €10,633 to €50,405
- Tangible fixed assets +€37,720
up €37,720 (+141.6%), from €26,635 to €64,355
of which Furniture and vehicles: +€44,751
- Cash +€3,727
up €3,727 (+13.1%), from €28,494 to €32,221
mainly Other debts (+€53,191) and Trade debts (+€25,131)
- Other debts +€53,191
up €53,191 (+108.4%), from €49,085 to €102,276
- Trade debts +€25,131
up €25,131 (+400.2%), from €6,279 to €31,410
- Tax, wage and social debts +€3,766
up €3,766 (+115.9%), from €3,248 to €7,014
of which Taxes: +€2,390
- Debts after one year -€1,929
down €1,929 (-27.8%), from €6,938 to €5,009
- Gross operating margin +€36,275
up €36,275 (+80.8%), from €44,892 to €81,167
- Staff costs +€23,390
up €23,390 (+66.1%), from €35,371 to €58,761
- Depreciation +€11,609
up €11,609 (+136.4%), from €8,509 to €20,118
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 | €65,983 | €147,202 | +€81,219 | +123.1% |
| Fixed assets | 21/28 | €26,856 | €64,576 | +€37,720 | +140.5% |
| Tangible fixed assets | 22/27 | €26,635 | €64,355 | +€37,720 | +141.6% |
| Plant, machinery and equipment | 23 | €10,487 | €7,629 | -€2,858 | -27.3% |
| Furniture and vehicles | 24 | €6,039 | €50,790 | +€44,751 | +741.0% |
| Leasing and similar rights | 25 | €10,109 | €5,936 | -€4,173 | -41.3% |
| Financial fixed assets | 28 | €221 | €221 | = | 0.0% |
| Current assets | 29/58 | €39,127 | €82,626 | +€43,499 | +111.2% |
| Amounts receivable within one year | 40/41 | €10,633 | €50,405 | +€39,772 | +374.0% |
| Trade receivables | 40 | €10,633 | €50,405 | +€39,772 | +374.0% |
| Cash at bank and in hand | 54/58 | €28,494 | €32,221 | +€3,727 | +13.1% |
| Total equity and liabilities | 10/49 | €65,983 | €147,202 | +€81,219 | +123.1% |
| Equity | 10/15 | -€1,395 | -€436 | +€959 | +68.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,016 | €6,016 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,016 | €6,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,003 | -€25,044 | +€959 | +3.7% |
| Amounts payable | 17/49 | €67,378 | €147,638 | +€80,260 | +119.1% |
| Amounts payable after more than one year | 17 | €6,938 | €5,009 | -€1,929 | -27.8% |
| Financial debts | 170/4 | €6,938 | €5,009 | -€1,929 | -27.8% |
| Amounts payable within one year | 42/48 | €60,440 | €142,629 | +€82,189 | +136.0% |
| Current portion of amounts payable after more than one year | 42 | €1,828 | €1,929 | +€101 | +5.5% |
| Trade debts | 44 | €6,279 | €31,410 | +€25,131 | +400.2% |
| Suppliers | 440/4 | €6,279 | €31,410 | +€25,131 | +400.2% |
| Taxes, remuneration and social security | 45 | €3,248 | €7,014 | +€3,766 | +115.9% |
| Taxes | 450/3 | €1,269 | €3,659 | +€2,390 | +188.3% |
| Remuneration and social security | 454/9 | €1,979 | €3,355 | +€1,376 | +69.5% |
| Other amounts payable | 47/48 | €49,085 | €102,276 | +€53,191 | +108.4% |
| Non-recurring operating income | 76A | €2,852 | €1,109 | -€1,743 | -61.1% |
| Remuneration, social security and pensions | 62 | €35,371 | €58,761 | +€23,390 | +66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,509 | €20,118 | +€11,609 | +136.4% |
| Other operating charges | 640/8 | €500 | €513 | +€13 | +2.6% |
| Gross operating margin | 9900 | €44,892 | €81,167 | +€36,275 | +80.8% |
| Operating profit (loss) | 9901 | €512 | €1,775 | +€1,263 | +246.7% |
| Financial income | 75/76B | €232 | €277 | +€45 | +19.4% |
| Recurring financial income | 75 | €232 | €277 | +€45 | +19.4% |
| Financial charges | 65/66B | €588 | €1,093 | +€505 | +85.9% |
| Recurring financial charges | 65 | €588 | €1,093 | +€505 | +85.9% |
| Profit (loss) for the period before taxes | 9903 | €156 | €959 | +€803 | +514.7% |
| Profit (loss) for the period | 9904 | €156 | €959 | +€803 | +514.7% |
| Profit (loss) for the period to be appropriated | 9905 | €156 | €959 | +€803 | +514.7% |
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 5 October 2026 via checked.be.