Warnier Advisory: 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.
Warnier Advisory
Largest movements
- Cash +€111,108
up €111,108 (+97.1%), from €114,383 to €225,490
mainly Net result for the year (+€81,129) and Receivables within one year (+€26,728)
- Receivables within one year -€26,728
down €26,728 (-72.4%), from €36,892 to €10,164
- Tangible fixed assets -€6,106
down €6,106 (-18.5%), from €33,086 to €26,981
- Profit (loss) carried forward +€81,129
up €81,129 (+83.3%), from €97,377 to €178,506
- Tax, wage and social debts +€17,888
up €17,888 (+51.2%), from €34,939 to €52,826
- Trade debts -€14,032
down €14,032 (-99.1%), from €14,163 to €131
- Debts after one year -€7,478
down €7,478 (-27.1%), from €27,575 to €20,097
- Gross operating margin -€18,552
down €18,552 (-14.3%), from €129,564 to €111,012
- Taxes -€5,349
down €5,349 (-20.6%), from €25,933 to €20,584
- Depreciation +€3,273
up €3,273 (+73.2%), from €4,474 to €7,748
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 | €184,808 | €262,635 | +€77,827 | +42.1% |
| Fixed assets | 21/28 | €33,086 | €26,981 | -€6,106 | -18.5% |
| Tangible fixed assets | 22/27 | €33,086 | €26,981 | -€6,106 | -18.5% |
| Furniture and vehicles | 24 | €33,086 | €26,981 | -€6,106 | -18.5% |
| Current assets | 29/58 | €151,721 | €235,654 | +€83,933 | +55.3% |
| Amounts receivable within one year | 40/41 | €36,892 | €10,164 | -€26,728 | -72.4% |
| Trade receivables | 40 | €36,892 | €10,164 | -€26,728 | -72.4% |
| Cash at bank and in hand | 54/58 | €114,383 | €225,490 | +€111,108 | +97.1% |
| Deferred charges and accrued income | 490/1 | €447 | - | -€447 | |
| Total equity and liabilities | 10/49 | €184,808 | €262,635 | +€77,827 | +42.1% |
| Equity | 10/15 | €100,377 | €181,506 | +€81,129 | +80.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,377 | €178,506 | +€81,129 | +83.3% |
| Amounts payable | 17/49 | €84,430 | €81,129 | -€3,301 | -3.9% |
| Amounts payable after more than one year | 17 | €27,575 | €20,097 | -€7,478 | -27.1% |
| Financial debts | 170/4 | €27,575 | €20,097 | -€7,478 | -27.1% |
| Amounts payable within one year | 42/48 | €56,855 | €61,032 | +€4,177 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €7,177 | €7,478 | +€301 | +4.2% |
| Trade debts | 44 | €14,163 | €131 | -€14,032 | -99.1% |
| Suppliers | 440/4 | €14,163 | €131 | -€14,032 | -99.1% |
| Taxes, remuneration and social security | 45 | €34,939 | €52,826 | +€17,888 | +51.2% |
| Taxes | 450/3 | €34,939 | €52,826 | +€17,888 | +51.2% |
| Other amounts payable | 47/48 | €577 | €597 | +€20 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,474 | €7,748 | +€3,273 | +73.2% |
| Other operating charges | 640/8 | €159 | €101 | -€58 | -36.6% |
| Gross operating margin | 9900 | €129,564 | €111,012 | -€18,552 | -14.3% |
| Operating profit (loss) | 9901 | €124,930 | €103,163 | -€21,767 | -17.4% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €1,649 | €1,451 | -€199 | -12.1% |
| Recurring financial charges | 65 | €1,649 | €1,451 | -€199 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €123,310 | €101,713 | -€21,597 | -17.5% |
| Income taxes | 67/77 | €25,933 | €20,584 | -€5,349 | -20.6% |
| Profit (loss) for the period | 9904 | €97,377 | €81,129 | -€16,249 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,377 | €81,129 | -€16,249 | -16.7% |
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 4 October 2026 via checked.be.