WARNIMO: 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.
WARNIMO
Largest movements
- Cash -€104,096
down €104,096 (-98.2%), from €106,039 to €1,943
mainly Net result for the year (-€128,172) and Debts after one year (-€17,513)
- Tangible fixed assets -€58,587
down €58,587 (-3.0%), from €1.9m to €1.9m
of which Land and buildings: -€57,295
- Profit (loss) carried forward -€128,172
down €128,172 (-59.6%), from -€215,014 to -€343,185
- Gross operating margin -€63,450
down €63,450, from €63,394 to -€56
- Financial charges +€12,242
up €12,242 (+28.6%), from €42,769 to €55,011
- Financial income -€867
down €867 (-100.0%), from €867 to €0
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 | €2,057,391 | €1,895,890 | -€161,501 | -7.8% |
| Fixed assets | 21/28 | €1,943,723 | €1,885,137 | -€58,587 | -3.0% |
| Tangible fixed assets | 22/27 | €1,942,556 | €1,883,970 | -€58,587 | -3.0% |
| Land and buildings | 22 | €1,935,407 | €1,878,112 | -€57,295 | -3.0% |
| Plant, machinery and equipment | 23 | €7,150 | €5,858 | -€1,292 | -18.1% |
| Financial fixed assets | 28 | €1,167 | €1,167 | = | 0.0% |
| Current assets | 29/58 | €113,668 | €10,754 | -€102,914 | -90.5% |
| Amounts receivable within one year | 40/41 | €4,415 | €6,897 | +€2,482 | +56.2% |
| Trade receivables | 40 | €1,950 | €4,432 | +€2,482 | +127% |
| Other amounts receivable | 41 | €2,465 | €2,465 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €106,039 | €1,943 | -€104,096 | -98.2% |
| Deferred charges and accrued income | 490/1 | €3,214 | €1,913 | -€1,300 | -40.5% |
| Total equity and liabilities | 10/49 | €2,057,391 | €1,895,890 | -€161,501 | -7.8% |
| Equity | 10/15 | €1,106,021 | €977,849 | -€128,172 | -11.6% |
| Contributions | 10/11 | €1,321,035 | €1,321,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,014 | -€343,185 | -€128,172 | -59.6% |
| Provisions and deferred taxes | 16 | €52,440 | €49,504 | -€2,936 | -5.6% |
| Deferred taxes | 168 | €52,440 | €49,504 | -€2,936 | -5.6% |
| Amounts payable | 17/49 | €898,930 | €868,537 | -€30,393 | -3.4% |
| Amounts payable after more than one year | 17 | €44,150 | €26,636 | -€17,513 | -39.7% |
| Financial debts | 170/4 | €44,150 | €26,636 | -€17,513 | -39.7% |
| Amounts payable within one year | 42/48 | €854,780 | €841,901 | -€12,879 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €20,624 | €19,298 | -€1,326 | -6.4% |
| Trade debts | 44 | €49,444 | €34,765 | -€14,679 | -29.7% |
| Suppliers | 440/4 | €49,444 | €34,765 | -€14,679 | -29.7% |
| Taxes, remuneration and social security | 45 | €2,328 | €8,499 | +€6,171 | +265% |
| Taxes | 450/3 | €2,328 | €249 | -€2,079 | -89.3% |
| Remuneration and social security | 454/9 | - | €8,250 | +€8,250 | |
| Other amounts payable | 47/48 | €782,384 | €779,339 | -€3,045 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,536 | €58,587 | +€50 | +0.1% |
| Other operating charges | 640/8 | €16,947 | €17,455 | +€508 | +3.0% |
| Gross operating margin | 9900 | €63,394 | -€56 | -€63,450 | |
| Operating profit (loss) | 9901 | -€12,089 | -€76,097 | -€64,008 | -529% |
| Financial income | 75/76B | €867 | €0 | -€867 | -100.0% |
| Recurring financial income | 75 | €867 | €0 | -€867 | -100.0% |
| Financial charges | 65/66B | €42,769 | €55,011 | +€12,242 | +28.6% |
| Recurring financial charges | 65 | €42,769 | €55,011 | +€12,242 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,992 | -€131,108 | -€77,116 | -143% |
| Transfer from deferred taxes | 780 | €2,936 | €2,936 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€51,055 | -€128,172 | -€77,116 | -151% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,055 | -€128,172 | -€77,116 | -151% |
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 15 October 2026 via checked.be.