WARNEZ: 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.
What changed
WARNEZ
NACE 46.319, Wholesale of fruit and vegetables, excluding potatoes
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2.0m
2024 · €529,055-€2.5m
Equity
€8.0m
2024 · €10.3m-€2.3m
Cash
€71,282
2024 · €157,505-€86,223
Balance sheet total
€19.5m
2024 · €21.4m-€2.0m
Largest movements
Assets
- Financial fixed assets -€6.7m
down €6.7m (-97.4%), from €6.9m to €180,722
of which Affiliated companies: -€6.8m
- Receivables within one year +€2.0m
up €2.0m (+32.1%), from €6.3m to €8.3m
of which Other amounts receivable: +€2.4m
- Intangible fixed assets +€1.8m
up €1.8m (+355.8%), from €491,888 to €2.2m
- Stocks and contracts +€1.4m
up €1.4m (+37.1%), from €3.7m to €5.1m
- Tangible fixed assets -€294,687
down €294,687 (-7.9%), from €3.7m to €3.4m
of which Plant, machinery and equipment: -€257,077
Equity and liabilities
- Reserves -€2.4m
down €2.4m (-45.9%), from €5.2m to €2.8m
of which Distributable reserves: -€2.4m
- Trade debts +€1.3m
up €1.3m (+21.6%), from €6.2m to €7.5m
- Other debts -€871,893
down €871,893 (-100.0%), from €871,893 to €0
- Current portion of long-term debt -€495,110
down €495,110 (-53.6%), from €923,647 to €428,536
- Accrued charges and deferred income +€353,352
up €353,352 (+256.1%), from €137,980 to €491,331
Income statement
- Turnover -€5.0m
down €5.0m (-12.3%), from €40.3m to €35.4m
- Goods and materials -€3.1m
down €3.1m (-12.4%), from €24.7m to €21.7m
of which Purchases: -€1.9m
- Services and other goods +€419,249
up €419,249 (+3.8%), from €11.0m to €11.4m
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.
Result 2024
€529,055
Turnover
-€5.0m
Other operating income
-€85,686
Goods and materials
+€3.1m
Services and other goods
-€419,249
Staff costs
-€86,255
Depreciation
+€236,662
Write-downs
+€21,648
Other operating charges
+€21,121
Other operating items
-€488,215
Financial income
+€42,956
Financial charges
-€31,660
Taxes
+€188,108
Deferred taxes and other
-€3,940
Result 2025
-€2.0m
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.
From operations
-€3.1m
Investment
+€3.8m
Financing
-€790,324
Cash 2024
€157,505
From operations (derived)
-€3.1m
Net result for the year
-€2.0m
Depreciation
+€1.5m
Stocks and contracts
-€1.4m
Receivables within one year
-€2.0m
Smaller working-capital items
+€2,748
Trade debts
+€1.3m
Tax, wage and social debts
-€23,197
Other debts
-€871,893
Accrued charges and deferred income
+€353,352
Investment (derived)
+€3.8m
Investment in fixed assets (net)
+€3.8m
Current investments
-€7,363
Financing
-€790,324
Debts after one year
+€104,881
Current portion of long-term debt
-€495,110
Short-term financial debts
-€59,765
Contributions, distributions and other
-€340,329
Cash 2025
€71,282
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,430,544 | €19,459,055 | -€2.0m | -9.2% |
| Fixed assets | 21/28 | €11,144,779 | €5,866,705 | -€5.3m | -47.4% |
| Intangible fixed assets | 21 | €491,888 | €2,242,159 | +€1.8m | +355.8% |
| Tangible fixed assets | 22/27 | €3,738,512 | €3,443,824 | -€294,687 | -7.9% |
| Land and buildings | 22 | €193,730 | €227,237 | +€33,507 | +17.3% |
| Plant, machinery and equipment | 23 | €3,406,798 | €3,149,721 | -€257,077 | -7.5% |
| Furniture and vehicles | 24 | €85,412 | €65,608 | -€19,803 | -23.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €52,572 | €1,258 | -€51,314 | -97.6% |
| Financial fixed assets | 28 | €6,914,380 | €180,722 | -€6.7m | -97.4% |
| Affiliated companies | 280/1 | €6,844,724 | €0 | -€6.8m | -100.0% |
| Participating interests | 280 | €6,844,724 | €0 | -€6.8m | -100.0% |
| Companies linked by participating interests | 282/3 | €69,656 | €180,722 | +€111,066 | +159.4% |
| Participating interests | 282 | €69,656 | €180,722 | +€111,066 | +159.4% |
| Current assets | 29/58 | €10,285,765 | €13,592,350 | +€3.3m | +32.1% |
| Stocks and contracts in progress | 3 | €3,711,026 | €5,088,992 | +€1.4m | +37.1% |
| Stocks | 30/36 | €3,711,026 | €5,088,992 | +€1.4m | +37.1% |
| Raw materials and consumables | 30/31 | €3,711,026 | €5,088,992 | +€1.4m | +37.1% |
| Amounts receivable within one year | 40/41 | €6,266,923 | €8,281,092 | +€2.0m | +32.1% |
| Trade receivables | 40 | €5,615,587 | €5,279,654 | -€335,933 | -6.0% |
| Other amounts receivable | 41 | €651,335 | €3,001,438 | +€2.4m | +360.8% |
| Current investments | 50/53 | - | €7,363 | +€7,363 | |
| Other investments | 51/53 | - | €7,363 | +€7,363 | |
| Cash at bank and in hand | 54/58 | €157,505 | €71,282 | -€86,223 | -54.7% |
| Deferred charges and accrued income | 490/1 | €150,311 | €143,622 | -€6,688 | -4.4% |
| Total equity and liabilities | 10/49 | €21,430,544 | €19,459,055 | -€2.0m | -9.2% |
| Equity | 10/15 | €10,324,382 | €8,015,715 | -€2.3m | -22.4% |
| Contributions | 10/11 | €5,129,770 | €5,129,770 | = | 0.0% |
| Capital | 10 | €5,129,770 | €5,129,770 | = | 0.0% |
| Issued capital | 100 | €5,129,770 | €5,129,770 | = | 0.0% |
| Reserves | 13 | €5,165,039 | €2,796,701 | -€2.4m | -45.9% |
| Non-distributable reserves | 130/1 | €512,977 | €512,977 | = | 0.0% |
| Legal reserve | 130 | €512,977 | €512,977 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,916 | €97,468 | +€51,552 | +112.3% |
| Distributable reserves | 133 | €4,606,146 | €2,186,256 | -€2.4m | -52.5% |
| Investment grants | 15 | €29,573 | €89,243 | +€59,671 | +201.8% |
| Provisions and deferred taxes | 16 | €3,940 | €0 | -€3,940 | -100.0% |
| Deferred taxes | 168 | €3,940 | €0 | -€3,940 | -100.0% |
| Amounts payable | 17/49 | €11,102,222 | €11,443,340 | +€341,117 | +3.1% |
| Amounts payable after more than one year | 17 | €666,261 | €771,142 | +€104,881 | +15.7% |
| Financial debts | 170/4 | €666,261 | €771,142 | +€104,881 | +15.7% |
| Credit institutions | 173 | €666,261 | €771,142 | +€104,881 | +15.7% |
| Amounts payable within one year | 42/48 | €10,297,982 | €10,180,866 | -€117,116 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €923,647 | €428,536 | -€495,110 | -53.6% |
| Financial debts | 43 | €1,759,765 | €1,700,000 | -€59,765 | -3.4% |
| Credit institutions | 430/8 | €1,759,765 | €1,700,000 | -€59,765 | -3.4% |
| Trade debts | 44 | €6,166,299 | €7,499,149 | +€1.3m | +21.6% |
| Suppliers | 440/4 | €6,166,299 | €7,499,149 | +€1.3m | +21.6% |
| Taxes, remuneration and social security | 45 | €576,378 | €553,181 | -€23,197 | -4.0% |
| Taxes | 450/3 | €100,506 | €113,596 | +€13,090 | +13.0% |
| Remuneration and social security | 454/9 | €475,872 | €439,585 | -€36,287 | -7.6% |
| Other amounts payable | 47/48 | €871,893 | €0 | -€871,893 | -100.0% |
| Accrued charges and deferred income | 492/3 | €137,980 | €491,331 | +€353,352 | +256.1% |
| Operating income | 70/76A | €40,793,127 | €35,682,831 | -€5.1m | -12.5% |
| Turnover | 70 | €40,334,500 | €35,379,316 | -€5.0m | -12.3% |
| Other operating income | 74 | €187,222 | €101,536 | -€85,686 | -45.8% |
| Non-recurring operating income | 76A | €271,405 | €201,979 | -€69,426 | -25.6% |
| Operating charges | 60/66A | €40,038,208 | €37,620,768 | -€2.4m | -6.0% |
| Goods for resale, raw materials and consumables | 60 | €24,733,016 | €21,670,714 | -€3.1m | -12.4% |
| Purchases | 600/8 | €24,912,809 | €23,041,286 | -€1.9m | -7.5% |
| Change in stocks: decrease (increase) | 609 | -€179,793 | -€1,370,573 | -€1.2m | -662.3% |
| Services and other goods | 61 | €11,026,703 | €11,445,953 | +€419,249 | +3.8% |
| Remuneration, social security and pensions | 62 | €2,531,657 | €2,617,912 | +€86,255 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,693,630 | €1,456,967 | -€236,662 | -14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,436 | -€212 | -€21,648 | |
| Other operating charges | 640/8 | €31,766 | €10,645 | -€21,121 | -66.5% |
| Non-recurring operating charges | 66A | €0 | €418,790 | +€418,790 | |
| Operating profit (loss) | 9901 | €754,919 | -€1,937,937 | -€2.7m | |
| Financial income | 75/76B | €65,942 | €108,898 | +€42,956 | +65.1% |
| Recurring financial income | 75 | €65,942 | €108,898 | +€42,956 | +65.1% |
| Income from current assets | 751 | €6,516 | €7,841 | +€1,325 | +20.3% |
| Other financial income | 752/9 | €59,426 | €101,057 | +€41,631 | +70.1% |
| Financial charges | 65/66B | €111,578 | €143,238 | +€31,660 | +28.4% |
| Recurring financial charges | 65 | €111,578 | €143,238 | +€31,660 | +28.4% |
| Debt charges | 650 | €111,228 | €143,281 | +€32,053 | +28.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | -€69 | -€69 | |
| Other financial charges | 652/9 | €350 | €26 | -€324 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | €709,283 | -€1,972,277 | -€2.7m | |
| Transfer from deferred taxes | 780 | €7,880 | €3,940 | -€3,940 | -50.0% |
| Income taxes | 67/77 | €188,108 | €0 | -€188,108 | -100.0% |
| Taxes | 670/3 | €188,108 | €0 | -€188,108 | -100.0% |
| Profit (loss) for the period | 9904 | €529,055 | -€1,968,337 | -€2.5m | |
| Transfer from tax-exempt reserves | 789 | €9,395 | €4,698 | -€4,698 | -50.0% |
| Transfer to tax-exempt reserves | 689 | - | €56,250 | +€56,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €538,450 | -€2,019,890 | -€2.6m |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.