WARNIER PLUS: 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 PLUS
Largest movements
- Receivables within one year -€36,380
down €36,380 (-43.5%), from €83,603 to €47,223
of which Trade receivables: -€30,714
- Tangible fixed assets -€23,956
down €23,956 (-7.8%), from €307,740 to €283,784
of which Land and buildings: -€16,107
- Cash +€6,742
up €6,742 (+50.8%), from €13,275 to €20,017
mainly Net result for the year (+€40,191) and Receivables within one year (+€36,380)
- Deferred charges and accrued income -€6,559
no longer reported in 2025 (was €6,559)
- Trade debts -€50,569
down €50,569 (-44.9%), from €112,596 to €62,027
- Profit (loss) carried forward +€40,191
up €40,191 (+33.4%), from -€120,325 to -€80,134
- Current portion of long-term debt -€15,239
down €15,239 (-37.4%), from €40,786 to €25,547
- Debts after one year -€13,488
down €13,488 (-7.2%), from €186,717 to €173,229
of which Financial debts: -€13,488
- Other debts -€11,417
down €11,417 (-5.7%), from €198,708 to €187,291
- Staff costs -€34,141
down €34,141 (-45.7%), from €74,761 to €40,620
- Gross operating margin +€24,335
up €24,335 (+20.7%), from €117,554 to €141,889
- Other operating charges -€7,331
down €7,331 (-25.3%), from €29,004 to €21,673
- Depreciation -€2,394
down €2,394 (-8.9%), from €27,048 to €24,654
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 | €594,263 | €535,519 | -€58,744 | -9.9% |
| Fixed assets | 21/28 | €309,360 | €289,455 | -€19,904 | -6.4% |
| Intangible fixed assets | 21 | - | €4,052 | +€4,052 | |
| Tangible fixed assets | 22/27 | €307,740 | €283,784 | -€23,956 | -7.8% |
| Land and buildings | 22 | €272,015 | €255,908 | -€16,107 | -5.9% |
| Plant, machinery and equipment | 23 | €33,586 | €26,771 | -€6,815 | -20.3% |
| Furniture and vehicles | 24 | €2,138 | €1,105 | -€1,034 | -48.3% |
| Financial fixed assets | 28 | €1,620 | €1,620 | = | 0.0% |
| Current assets | 29/58 | €284,903 | €246,064 | -€38,839 | -13.6% |
| Stocks and contracts in progress | 3 | €181,466 | €178,824 | -€2,642 | -1.5% |
| Stocks | 30/36 | €181,466 | €178,824 | -€2,642 | -1.5% |
| Amounts receivable within one year | 40/41 | €83,603 | €47,223 | -€36,380 | -43.5% |
| Trade receivables | 40 | €77,933 | €47,219 | -€30,714 | -39.4% |
| Other amounts receivable | 41 | €5,670 | €4 | -€5,666 | -99.9% |
| Cash at bank and in hand | 54/58 | €13,275 | €20,017 | +€6,742 | +50.8% |
| Deferred charges and accrued income | 490/1 | €6,559 | - | -€6,559 | |
| Total equity and liabilities | 10/49 | €594,263 | €535,519 | -€58,744 | -9.9% |
| Equity | 10/15 | -€14,625 | €25,553 | +€40,178 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €43,700 | €43,687 | -€13 | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,187 | -€13 | -0.2% |
| Legal reserve | 130 | €6,200 | €6,187 | -€13 | -0.2% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,325 | -€80,134 | +€40,191 | +33.4% |
| Amounts payable | 17/49 | €608,888 | €509,967 | -€98,921 | -16.2% |
| Amounts payable after more than one year | 17 | €186,717 | €173,229 | -€13,488 | -7.2% |
| Financial debts | 170/4 | €25,717 | €12,229 | -€13,488 | -52.4% |
| Other amounts payable | 178/9 | €161,000 | €161,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €422,171 | €336,624 | -€85,547 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €40,786 | €25,547 | -€15,239 | -37.4% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €112,596 | €62,027 | -€50,569 | -44.9% |
| Suppliers | 440/4 | €112,596 | €62,027 | -€50,569 | -44.9% |
| Taxes, remuneration and social security | 45 | €30,081 | €21,759 | -€8,322 | -27.7% |
| Taxes | 450/3 | €12,221 | €15,888 | +€3,667 | +30.0% |
| Remuneration and social security | 454/9 | €17,860 | €5,871 | -€11,990 | -67.1% |
| Other amounts payable | 47/48 | €198,708 | €187,291 | -€11,417 | -5.7% |
| Accrued charges and deferred income | 492/3 | - | €113 | +€113 | |
| Remuneration, social security and pensions | 62 | €74,761 | €40,620 | -€34,141 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,048 | €24,654 | -€2,394 | -8.9% |
| Other operating charges | 640/8 | €29,004 | €21,673 | -€7,331 | -25.3% |
| Non-recurring operating charges | 66A | - | €4,839 | +€4,839 | |
| Gross operating margin | 9900 | €117,554 | €141,889 | +€24,335 | +20.7% |
| Operating profit (loss) | 9901 | -€13,260 | €50,103 | +€63,363 | |
| Financial income | 75/76B | €61 | €21 | -€40 | -66.0% |
| Recurring financial income | 75 | €61 | €21 | -€40 | -66.0% |
| Financial charges | 65/66B | €9,575 | €9,933 | +€358 | +3.7% |
| Recurring financial charges | 65 | €9,575 | €9,933 | +€358 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,774 | €40,191 | +€62,965 | |
| Income taxes | 67/77 | €330 | - | -€330 | |
| Profit (loss) for the period | 9904 | -€23,104 | €40,191 | +€63,295 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,104 | €40,191 | +€63,295 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.