WARNIER Olivier: 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.
WARNIER Olivier
Largest movements
- Receivables within one year +€192,861
up €192,861 (+227%), from €84,851 to €277,712
of which Trade receivables: +€135,182
- Cash +€25,524
up €25,524 (+214%), from €11,904 to €37,428
mainly Net result for the year (+€135,671) and Trade debts (+€57,894)
- Profit (loss) carried forward +€135,671
up €135,671 (+65.6%), from €206,682 to €342,352
- Trade debts +€57,894
up €57,894 (+129%), from €44,989 to €102,883
- Tax, wage and social debts +€36,949
up €36,949 (+32.1%), from €115,102 to €152,051
of which Taxes: +€49,431
- Other debts -€13,583
no longer reported in 2024 (was €13,583)
- Gross operating margin +€136,794
up €136,794 (+110%), from €124,274 to €261,067
- Taxes +€48,648
up €48,648 (+568%), from €8,564 to €57,212
- Staff costs +€3,056
up €3,056 (+6.0%), from €50,950 to €54,006
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,560 | €699,490 | +€216,930 | +45.0% |
| Fixed assets | 21/28 | €9,489 | €7,440 | -€2,048 | -21.6% |
| Tangible fixed assets | 22/27 | €7,089 | €5,040 | -€2,048 | -28.9% |
| Plant, machinery and equipment | 23 | €756 | €571 | -€184 | -24.4% |
| Furniture and vehicles | 24 | €2,657 | €2,558 | -€99 | -3.7% |
| Other tangible fixed assets | 26 | €3,676 | €1,911 | -€1,765 | -48.0% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €473,071 | €692,050 | +€218,979 | +46.3% |
| Amounts receivable after more than one year | 29 | €375,899 | €375,899 | = | 0.0% |
| Other amounts receivable | 291 | €375,899 | €375,899 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €84,851 | €277,712 | +€192,861 | +227% |
| Trade receivables | 40 | €50,882 | €186,064 | +€135,182 | +266% |
| Other amounts receivable | 41 | €33,968 | €91,648 | +€57,679 | +170% |
| Cash at bank and in hand | 54/58 | €11,904 | €37,428 | +€25,524 | +214% |
| Deferred charges and accrued income | 490/1 | €417 | €1,011 | +€594 | +142% |
| Total equity and liabilities | 10/49 | €482,560 | €699,490 | +€216,930 | +45.0% |
| Equity | 10/15 | €302,142 | €437,812 | +€135,671 | +44.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,860 | €76,860 | = | 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% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,682 | €342,352 | +€135,671 | +65.6% |
| Amounts payable | 17/49 | €180,419 | €261,678 | +€81,260 | +45.0% |
| Amounts payable within one year | 42/48 | €180,419 | €261,678 | +€81,260 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €6,745 | €6,745 | = | 0.0% |
| Trade debts | 44 | €44,989 | €102,883 | +€57,894 | +129% |
| Suppliers | 440/4 | €44,989 | €102,883 | +€57,894 | +129% |
| Taxes, remuneration and social security | 45 | €115,102 | €152,051 | +€36,949 | +32.1% |
| Taxes | 450/3 | €49,442 | €98,872 | +€49,431 | +100.0% |
| Remuneration and social security | 454/9 | €65,660 | €53,178 | -€12,481 | -19.0% |
| Other amounts payable | 47/48 | €13,583 | - | -€13,583 | |
| Remuneration, social security and pensions | 62 | €50,950 | €54,006 | +€3,056 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,654 | €3,089 | +€436 | +16.4% |
| Other operating charges | 640/8 | €664 | €2,275 | +€1,611 | +242% |
| Non-recurring operating charges | 66A | €1,000 | €6,535 | +€5,535 | +553% |
| Gross operating margin | 9900 | €124,274 | €261,067 | +€136,794 | +110% |
| Operating profit (loss) | 9901 | €69,006 | €195,163 | +€126,157 | +183% |
| Financial income | 75/76B | €0 | €1,662 | +€1,662 | +572,990% |
| Recurring financial income | 75 | €0 | €1,662 | +€1,662 | +572,990% |
| Financial charges | 65/66B | €3,589 | €3,942 | +€353 | +9.8% |
| Recurring financial charges | 65 | €3,589 | €3,942 | +€353 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €65,417 | €192,883 | +€127,465 | +195% |
| Income taxes | 67/77 | €8,564 | €57,212 | +€48,648 | +568% |
| Profit (loss) for the period | 9904 | €56,853 | €135,671 | +€78,818 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €56,853 | €135,671 | +€78,818 | +139% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.