WARNY & Cie SPRL: 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.
What changed
WARNY & Cie SPRL
NACE 33.110, Repair and maintenance of fabricated metal products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€168,244
2024 · -€13,694-€154,550
Equity
€1.5m
2024 · €1.7m-€178,275
Cash
€81,459
2024 · €63,210+€18,249
Balance sheet total
€3.1m
2024 · €3.3m-€268,618
Largest movements
Assets
- Tangible fixed assets -€112,238
down €112,238 (-5.7%), from €2.0m to €1.9m
of which Leasing and similar rights: -€79,450
- Receivables within one year -€104,314
down €104,314 (-16.1%), from €646,367 to €542,053
of which Trade receivables: -€99,662
- Stocks and contracts -€70,197
down €70,197 (-11.0%), from €636,714 to €566,517
Equity and liabilities
- Trade debts -€190,194
down €190,194 (-74.8%), from €254,434 to €64,240
- Profit (loss) carried forward -€168,244
down €168,244 (-32.0%), from €525,768 to €357,524
- Short-term financial debts +€50,000
up €50,000 (+12.5%), from €400,000 to €450,000
Income statement
- Gross operating margin -€205,208
down €205,208 (-17.0%), from €1.2m to €1.0m
- Staff costs -€127,167
down €127,167 (-13.6%), from €933,221 to €806,054
- Depreciation +€47,949
up €47,949 (+18.6%), from €258,282 to €306,232
- Financial income -€15,152
down €15,152 (-33.0%), from €45,973 to €30,821
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.
Result 2024
-€13,694
Gross operating margin
-€205,208
Staff costs
+€127,167
Depreciation
-€47,949
Write-downs
-€2,110
Other operating charges
-€1,950
Financial income
-€15,152
Financial charges
-€7,927
Taxes
-€1,420
Result 2025
-€168,244
raises the resultlowers the result
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.
From operations
+€135,274
Investment
-€193,993
Financing
+€76,969
Cash 2024
€63,210
From operations (derived)
+€135,274
Net result for the year
-€168,244
Depreciation
+€306,232
Stocks and contracts
+€70,197
Receivables within one year
+€104,314
Deferred charges and accrued income
+€118
Trade debts
-€190,194
Tax, wage and social debts
-€19,403
Accrued charges and deferred income
+€32,254
Investment (derived)
-€193,993
Investment in fixed assets (net)
-€193,993
Financing
+€76,969
Debts after one year
+€8,862
Current portion of long-term debt
+€28,138
Short-term financial debts
+€50,000
Contributions, distributions and other
-€10,031
Cash 2025
€81,459
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,341,072 | €3,072,454 | -€268,618 | -8.0% |
| Fixed assets | 21/28 | €1,989,036 | €1,876,798 | -€112,238 | -5.6% |
| Tangible fixed assets | 22/27 | €1,976,028 | €1,863,790 | -€112,238 | -5.7% |
| Land and buildings | 22 | €997,990 | €993,427 | -€4,563 | -0.5% |
| Plant, machinery and equipment | 23 | €445,167 | €405,705 | -€39,462 | -8.9% |
| Furniture and vehicles | 24 | €145,833 | €157,070 | +€11,237 | +7.7% |
| Leasing and similar rights | 25 | €387,038 | €307,588 | -€79,450 | -20.5% |
| Financial fixed assets | 28 | €13,008 | €13,008 | = | 0.0% |
| Current assets | 29/58 | €1,352,036 | €1,195,656 | -€156,380 | -11.6% |
| Stocks and contracts in progress | 3 | €636,714 | €566,517 | -€70,197 | -11.0% |
| Stocks | 30/36 | €636,714 | €566,517 | -€70,197 | -11.0% |
| Amounts receivable within one year | 40/41 | €646,367 | €542,053 | -€104,314 | -16.1% |
| Trade receivables | 40 | €391,072 | €291,410 | -€99,662 | -25.5% |
| Other amounts receivable | 41 | €255,295 | €250,642 | -€4,653 | -1.8% |
| Cash at bank and in hand | 54/58 | €63,210 | €81,459 | +€18,249 | +28.9% |
| Deferred charges and accrued income | 490/1 | €5,745 | €5,627 | -€118 | -2.0% |
| Total equity and liabilities | 10/49 | €3,341,072 | €3,072,454 | -€268,618 | -8.0% |
| Equity | 10/15 | €1,689,270 | €1,510,995 | -€178,275 | -10.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €570,155 | €570,155 | = | 0.0% |
| Reserves | 13 | €491,223 | €491,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €85,023 | €85,023 | = | 0.0% |
| Distributable reserves | 133 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €525,768 | €357,524 | -€168,244 | -32.0% |
| Investment grants | 15 | €40,125 | €30,094 | -€10,031 | -25.0% |
| Amounts payable | 17/49 | €1,651,802 | €1,561,459 | -€90,343 | -5.5% |
| Amounts payable after more than one year | 17 | €676,304 | €685,166 | +€8,862 | +1.3% |
| Financial debts | 170/4 | €676,304 | €685,166 | +€8,862 | +1.3% |
| Amounts payable within one year | 42/48 | €964,697 | €833,238 | -€131,459 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €232,270 | €260,408 | +€28,138 | +12.1% |
| Financial debts | 43 | €400,000 | €450,000 | +€50,000 | +12.5% |
| Credit institutions | 430/8 | €400,000 | €450,000 | +€50,000 | +12.5% |
| Trade debts | 44 | €254,434 | €64,240 | -€190,194 | -74.8% |
| Suppliers | 440/4 | €254,434 | €64,240 | -€190,194 | -74.8% |
| Taxes, remuneration and social security | 45 | €77,993 | €58,589 | -€19,403 | -24.9% |
| Taxes | 450/3 | €11,946 | €1,867 | -€10,079 | -84.4% |
| Remuneration and social security | 454/9 | €66,046 | €56,722 | -€9,324 | -14.1% |
| Accrued charges and deferred income | 492/3 | €10,800 | €43,054 | +€32,254 | +299% |
| Remuneration, social security and pensions | 62 | €933,221 | €806,054 | -€127,167 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258,282 | €306,232 | +€47,949 | +18.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,110 | - | +€2,110 | |
| Other operating charges | 640/8 | €32,553 | €34,503 | +€1,950 | +6.0% |
| Gross operating margin | 9900 | €1,209,093 | €1,003,886 | -€205,208 | -17.0% |
| Operating profit (loss) | 9901 | -€12,853 | -€142,904 | -€130,051 | -1,012% |
| Financial income | 75/76B | €45,973 | €30,821 | -€15,152 | -33.0% |
| Recurring financial income | 75 | €45,973 | €30,821 | -€15,152 | -33.0% |
| Financial charges | 65/66B | €47,367 | €55,295 | +€7,927 | +16.7% |
| Recurring financial charges | 65 | €47,367 | €55,295 | +€7,927 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,247 | -€167,377 | -€153,130 | -1,075% |
| Income taxes | 67/77 | -€554 | €867 | +€1,420 | |
| Profit (loss) for the period | 9904 | -€13,694 | -€168,244 | -€154,550 | -1,129% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,694 | -€168,244 | -€154,550 | -1,129% |
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 21 October 2026 via checked.be.