WARREGAREN: what changed
Two fiscal 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.
WARREGAREN
Largest movements
- Receivables within one year -€152,021
down €152,021 (-93.4%), from €162,790 to €10,769
of which Other amounts receivable: -€154,023
- Cash -€64,812
down €64,812 (-19.7%), from €329,287 to €264,476
mainly Contributions, distributions and other (-€387,540)
- Tangible fixed assets -€46,359
down €46,359 (-16.3%), from €284,801 to €238,442
of which Land and buildings: -€37,330
- Contributions -€387,540
down €387,540 (-86.1%), from €450,000 to €62,460
- Other debts +€122,009
up €122,009 (+2339.6%), from €5,215 to €127,224
- Gross operating margin -€9,949
down €9,949 (-13.9%), from €71,823 to €61,873
- Taxes -€3,883
down €3,883 (-85.8%), from €4,523 to €640
- Depreciation +€3,556
up €3,556 (+8.3%), from €42,803 to €46,359
- Other operating charges +€1,561
up €1,561 (+11.4%), from €13,705 to €15,266
- Financial income -€740
down €740 (-25.9%), from €2,857 to €2,117
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.
Cash bridge derived
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 | €790,496 | €527,211 | -€263,284 | -33.3% |
| Fixed assets | 21/28 | €284,801 | €238,442 | -€46,359 | -16.3% |
| Tangible fixed assets | 22/27 | €284,801 | €238,442 | -€46,359 | -16.3% |
| Land and buildings | 22 | €243,475 | €206,145 | -€37,330 | -15.3% |
| Other tangible fixed assets | 26 | €41,326 | €32,297 | -€9,029 | -21.8% |
| Current assets | 29/58 | €505,695 | €288,770 | -€216,925 | -42.9% |
| Amounts receivable within one year | 40/41 | €162,790 | €10,769 | -€152,021 | -93.4% |
| Trade receivables | 40 | €3,115 | €5,117 | +€2,002 | +64.3% |
| Other amounts receivable | 41 | €159,675 | €5,652 | -€154,023 | -96.5% |
| Current investments | 50/53 | €11,155 | €11,155 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €329,287 | €264,476 | -€64,812 | -19.7% |
| Deferred charges and accrued income | 490/1 | €2,463 | €2,370 | -€93 | -3.8% |
| Total equity and liabilities | 10/49 | €790,496 | €527,211 | -€263,284 | -33.3% |
| Equity | 10/15 | €781,247 | €395,419 | -€385,828 | -49.4% |
| Contributions | 10/11 | €450,000 | €62,460 | -€387,540 | -86.1% |
| Capital | 10 | €450,000 | €62,460 | -€387,540 | -86.1% |
| Issued capital | 100 | €450,000 | €62,460 | -€387,540 | -86.1% |
| Reserves | 13 | €331,247 | €332,959 | +€1,712 | +0.5% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €286,247 | €287,959 | +€1,712 | +0.6% |
| Amounts payable | 17/49 | €9,249 | €131,793 | +€122,544 | +1324.9% |
| Amounts payable within one year | 42/48 | €9,249 | €131,793 | +€122,544 | +1324.9% |
| Trade debts | 44 | €4,034 | €3,938 | -€96 | -2.4% |
| Suppliers | 440/4 | €4,034 | €3,938 | -€96 | -2.4% |
| Taxes, remuneration and social security | 45 | - | €631 | +€631 | |
| Taxes | 450/3 | - | €631 | +€631 | |
| Other amounts payable | 47/48 | €5,215 | €127,224 | +€122,009 | +2339.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,803 | €46,359 | +€3,556 | +8.3% |
| Other operating charges | 640/8 | €13,705 | €15,266 | +€1,561 | +11.4% |
| Gross operating margin | 9900 | €71,823 | €61,873 | -€9,949 | -13.9% |
| Operating profit (loss) | 9901 | €15,315 | €248 | -€15,066 | -98.4% |
| Financial income | 75/76B | €2,857 | €2,117 | -€740 | -25.9% |
| Recurring financial income | 75 | €2,857 | €2,117 | -€740 | -25.9% |
| Financial charges | 65/66B | €78 | €14 | -€65 | -82.7% |
| Recurring financial charges | 65 | €78 | €14 | -€65 | -82.7% |
| Profit (loss) for the period before taxes | 9903 | €18,094 | €2,352 | -€15,742 | -87.0% |
| Income taxes | 67/77 | €4,523 | €640 | -€3,883 | -85.8% |
| Profit (loss) for the period | 9904 | €13,570 | €1,712 | -€11,858 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,570 | €1,712 | -€11,858 | -87.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.