WARNER BOWES HOLDING: 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.
WARNER BOWES HOLDING
Largest movements
- Cash -€132,940
down €132,940 (-97.9%), from €135,788 to €2,848
mainly Net result for the year (-€117,763) and Receivables within one year (-€10,469)
- Receivables within one year +€10,469
up €10,469 (+94.0%), from €11,140 to €21,609
of which Trade receivables: +€11,287
- Profit (loss) carried forward -€117,763
down €117,763, from €79,778 to -€37,985
- Trade debts -€10,234
down €10,234 (-62.3%), from €16,433 to €6,199
- Other debts +€5,526
up €5,526 (+15.2%), from €36,380 to €41,906
- Gross operating margin -€72,773
down €72,773 (-187%), from -€38,915 to -€111,688
- Other operating charges +€4,960
up €4,960 (+457%), from €1,086 to €6,046
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 | €233,691 | €111,220 | -€122,470 | -52.4% |
| Fixed assets | 21/28 | €86,763 | €86,763 | = | 0.0% |
| Financial fixed assets | 28 | €86,763 | €86,763 | = | 0.0% |
| Current assets | 29/58 | €146,928 | €24,457 | -€122,470 | -83.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €11,140 | €21,609 | +€10,469 | +94.0% |
| Trade receivables | 40 | €10,083 | €21,370 | +€11,287 | +112% |
| Other amounts receivable | 41 | €1,057 | €239 | -€818 | -77.4% |
| Cash at bank and in hand | 54/58 | €135,788 | €2,848 | -€132,940 | -97.9% |
| Total equity and liabilities | 10/49 | €233,691 | €111,220 | -€122,470 | -52.4% |
| Equity | 10/15 | €180,878 | €63,115 | -€117,763 | -65.1% |
| Contributions | 10/11 | €92,000 | €92,000 | = | 0.0% |
| Reserves | 13 | €9,100 | €9,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €9,100 | €9,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,778 | -€37,985 | -€117,763 | |
| Amounts payable | 17/49 | €52,813 | €48,105 | -€4,708 | -8.9% |
| Amounts payable within one year | 42/48 | €52,813 | €48,105 | -€4,708 | -8.9% |
| Trade debts | 44 | €16,433 | €6,199 | -€10,234 | -62.3% |
| Suppliers | 440/4 | €16,433 | €6,199 | -€10,234 | -62.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €36,380 | €41,906 | +€5,526 | +15.2% |
| Other operating charges | 640/8 | €1,086 | €6,046 | +€4,960 | +457% |
| Gross operating margin | 9900 | -€38,915 | -€111,688 | -€72,773 | -187% |
| Operating profit (loss) | 9901 | -€40,000 | -€117,733 | -€77,733 | -194% |
| Financial income | 75/76B | €95 | €0 | -€95 | -100% |
| Recurring financial income | 75 | €95 | €0 | -€95 | -100% |
| Financial charges | 65/66B | €40 | €29 | -€11 | -26.6% |
| Recurring financial charges | 65 | €40 | €29 | -€11 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,945 | -€117,763 | -€77,818 | -195% |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100% |
| Profit (loss) for the period | 9904 | -€39,947 | -€117,763 | -€77,816 | -195% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,947 | -€117,763 | -€77,816 | -195% |
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 24 October 2026 via checked.be.