WARNIER UTILITAIRES: 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 UTILITAIRES
Largest movements
- Stocks and contracts -€143,404
down €143,404 (-24.3%), from €589,679 to €446,275
- Cash +€123,494
up €123,494 (+487%), from €25,384 to €148,878
mainly Stocks and contracts (+€143,404) and Net result for the year (+€28,194)
- Debts after one year -€42,000
no longer reported in 2025 (was €42,000)
- Reserves +€28,194
up €28,194 (+7.5%), from €377,284 to €405,478
of which Distributable reserves: +€28,194
- Trade debts -€24,145
down €24,145 (-56.1%), from €43,068 to €18,924
- Other debts +€14,075
up €14,075 (+5.6%), from €251,228 to €265,304
- Staff costs -€15,405
no longer reported in 2025 (was €15,405)
- Depreciation -€8,771
down €8,771 (-38.4%), from €22,830 to €14,058
- Gross operating margin +€4,348
up €4,348 (+6.5%), from €67,172 to €71,520
- Taxes +€1,745
up €1,745 (+10.8%), from €16,115 to €17,861
- Financial charges -€1,313
down €1,313 (-17.5%), from €7,485 to €6,172
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 | €735,605 | €711,822 | -€23,783 | -3.2% |
| Fixed assets | 21/28 | €40,405 | €38,741 | -€1,664 | -4.1% |
| Tangible fixed assets | 22/27 | €40,405 | €38,741 | -€1,664 | -4.1% |
| Land and buildings | 22 | €30,000 | €22,500 | -€7,500 | -25.0% |
| Plant, machinery and equipment | 23 | €10,405 | €16,241 | +€5,836 | +56.1% |
| Current assets | 29/58 | €695,200 | €673,081 | -€22,119 | -3.2% |
| Stocks and contracts in progress | 3 | €589,679 | €446,275 | -€143,404 | -24.3% |
| Stocks | 30/36 | €589,679 | €446,275 | -€143,404 | -24.3% |
| Amounts receivable within one year | 40/41 | €80,137 | €77,929 | -€2,209 | -2.8% |
| Trade receivables | 40 | €65,808 | €77,286 | +€11,477 | +17.4% |
| Other amounts receivable | 41 | €14,329 | €643 | -€13,686 | -95.5% |
| Cash at bank and in hand | 54/58 | €25,384 | €148,878 | +€123,494 | +487% |
| Total equity and liabilities | 10/49 | €735,605 | €711,822 | -€23,783 | -3.2% |
| Equity | 10/15 | €395,884 | €424,078 | +€28,194 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €377,284 | €405,478 | +€28,194 | +7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €375,424 | €403,618 | +€28,194 | +7.5% |
| Amounts payable | 17/49 | €339,721 | €287,744 | -€51,977 | -15.3% |
| Amounts payable after more than one year | 17 | €42,000 | - | -€42,000 | |
| Financial debts | 170/4 | €42,000 | - | -€42,000 | |
| Amounts payable within one year | 42/48 | €297,721 | €287,744 | -€9,977 | -3.4% |
| Trade debts | 44 | €43,068 | €18,924 | -€24,145 | -56.1% |
| Suppliers | 440/4 | €43,068 | €18,924 | -€24,145 | -56.1% |
| Taxes, remuneration and social security | 45 | €3,424 | €3,517 | +€92 | +2.7% |
| Taxes | 450/3 | - | €3,517 | +€3,517 | |
| Remuneration and social security | 454/9 | €3,424 | - | -€3,424 | |
| Other amounts payable | 47/48 | €251,228 | €265,304 | +€14,075 | +5.6% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €15,405 | - | -€15,405 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,830 | €14,058 | -€8,771 | -38.4% |
| Other operating charges | 640/8 | €5,143 | €5,236 | +€93 | +1.8% |
| Gross operating margin | 9900 | €67,172 | €71,520 | +€4,348 | +6.5% |
| Operating profit (loss) | 9901 | €23,794 | €52,225 | +€28,431 | +119% |
| Financial income | 75/76B | €33 | €2 | -€31 | -93.8% |
| Recurring financial income | 75 | €33 | €2 | -€31 | -93.8% |
| Financial charges | 65/66B | €7,485 | €6,172 | -€1,313 | -17.5% |
| Recurring financial charges | 65 | €7,485 | €6,172 | -€1,313 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €16,342 | €46,055 | +€29,713 | +182% |
| Income taxes | 67/77 | €16,115 | €17,861 | +€1,745 | +10.8% |
| Profit (loss) for the period | 9904 | €226 | €28,194 | +€27,968 | +12,354% |
| Profit (loss) for the period to be appropriated | 9905 | €226 | €28,194 | +€27,968 | +12,354% |
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 23 October 2026 via checked.be.