WARNEZ WARD: 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.
WARNEZ WARD
Largest movements
- Receivables within one year -€81,447
down €81,447 (-16.0%), from €508,431 to €426,984
of which Other amounts receivable: -€52,473
- Tangible fixed assets -€9,503
down €9,503 (-33.0%), from €28,812 to €19,309
- Trade debts -€88,387
down €88,387 (-66.3%), from €133,216 to €44,829
- Tax, wage and social debts -€20,911
down €20,911 (-99.7%), from €20,980 to €69
- Other debts +€18,884
up €18,884 (+26.6%), from €71,027 to €89,911
- Gross operating margin -€94,934
down €94,934 (-88.8%), from €106,905 to €11,971
- Taxes -€26,524
down €26,524, from €25,623 to -€901
- Depreciation -€4,936
down €4,936 (-34.2%), from €14,439 to €9,503
- Financial income -€1,348
down €1,348 (-29.1%), from €4,634 to €3,286
- Financial charges +€1,280
up €1,280 (+31.1%), from €4,111 to €5,390
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 | €547,435 | €461,596 | -€85,840 | -15.7% |
| Fixed assets | 21/28 | €28,962 | €19,459 | -€9,503 | -32.8% |
| Tangible fixed assets | 22/27 | €28,812 | €19,309 | -€9,503 | -33.0% |
| Land and buildings | 22 | €20,579 | €15,906 | -€4,673 | -22.7% |
| Plant, machinery and equipment | 23 | €7,599 | €3,072 | -€4,527 | -59.6% |
| Furniture and vehicles | 24 | €633 | €330 | -€303 | -47.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €518,474 | €442,137 | -€76,337 | -14.7% |
| Stocks and contracts in progress | 3 | €800 | €800 | = | 0.0% |
| Stocks | 30/36 | €800 | €800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €508,431 | €426,984 | -€81,447 | -16.0% |
| Trade receivables | 40 | €319,301 | €290,327 | -€28,974 | -9.1% |
| Other amounts receivable | 41 | €189,130 | €136,657 | -€52,473 | -27.7% |
| Cash at bank and in hand | 54/58 | €8,027 | €13,083 | +€5,056 | +63.0% |
| Deferred charges and accrued income | 490/1 | €1,216 | €1,270 | +€54 | +4.4% |
| Total equity and liabilities | 10/49 | €547,435 | €461,596 | -€85,840 | -15.7% |
| Equity | 10/15 | €257,141 | €257,664 | +€523 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €236,195 | €236,195 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,335 | €64,335 | = | 0.0% |
| Distributable reserves | 133 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,346 | €2,868 | +€523 | +22.3% |
| Provisions and deferred taxes | 16 | €61,000 | €61,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €61,000 | €61,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €61,000 | €61,000 | = | 0.0% |
| Amounts payable | 17/49 | €229,294 | €142,932 | -€86,362 | -37.7% |
| Amounts payable within one year | 42/48 | €225,223 | €134,809 | -€90,414 | -40.1% |
| Trade debts | 44 | €133,216 | €44,829 | -€88,387 | -66.3% |
| Suppliers | 440/4 | €133,216 | €44,829 | -€88,387 | -66.3% |
| Taxes, remuneration and social security | 45 | €20,980 | €69 | -€20,911 | -99.7% |
| Taxes | 450/3 | €20,980 | €69 | -€20,911 | -99.7% |
| Other amounts payable | 47/48 | €71,027 | €89,911 | +€18,884 | +26.6% |
| Accrued charges and deferred income | 492/3 | €4,071 | €8,123 | +€4,052 | +99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,439 | €9,503 | -€4,936 | -34.2% |
| Other operating charges | 640/8 | €921 | €742 | -€178 | -19.4% |
| Gross operating margin | 9900 | €106,905 | €11,971 | -€94,934 | -88.8% |
| Operating profit (loss) | 9901 | €91,546 | €1,726 | -€89,820 | -98.1% |
| Financial income | 75/76B | €4,634 | €3,286 | -€1,348 | -29.1% |
| Recurring financial income | 75 | €4,634 | €3,286 | -€1,348 | -29.1% |
| Financial charges | 65/66B | €4,111 | €5,390 | +€1,280 | +31.1% |
| Recurring financial charges | 65 | €4,111 | €5,390 | +€1,280 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €92,069 | -€378 | -€92,447 | |
| Income taxes | 67/77 | €25,623 | -€901 | -€26,524 | |
| Profit (loss) for the period | 9904 | €66,446 | €523 | -€65,923 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,446 | €523 | -€65,923 | -99.2% |
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 20 October 2026 via checked.be.