WARREN IMMO: 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.
WARREN IMMO
Largest movements
- Tangible fixed assets -€137,468
down €137,468 (-4.0%), from €3.4m to €3.3m
of which Land and buildings: -€137,468
- Current investments +€100,000
new in 2025: €100,000
- Cash -€93,007
down €93,007 (-57.9%), from €160,723 to €67,716
mainly Debts after one year (-€159,403) and Current investments (-€100,000)
- Financial fixed assets -€43,086
down €43,086 (-100.0%), from €43,086 to €0
- Debts after one year -€159,403
down €159,403 (-10.2%), from €1.6m to €1.4m
- Other operating charges +€47,701
up €47,701 (+548.6%), from €8,695 to €56,396
- Gross operating margin +€11,854
up €11,854 (+5.5%), from €214,986 to €226,840
- Taxes -€7,801
down €7,801 (-77.2%), from €10,105 to €2,304
- Financial charges -€3,109
down €3,109 (-8.5%), from €36,639 to €33,530
- Financial income +€2,906
up €2,906 (+304.1%), from €956 to €3,861
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 | €3,627,786 | €3,490,908 | -€136,877 | -3.8% |
| Fixed assets | 21/28 | €3,467,063 | €3,286,509 | -€180,554 | -5.2% |
| Tangible fixed assets | 22/27 | €3,423,977 | €3,286,509 | -€137,468 | -4.0% |
| Land and buildings | 22 | €3,423,977 | €3,286,509 | -€137,468 | -4.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €43,086 | €0 | -€43,086 | -100.0% |
| Current assets | 29/58 | €160,723 | €204,399 | +€43,677 | +27.2% |
| Amounts receivable within one year | 40/41 | €0 | €822 | +€822 | |
| Other amounts receivable | 41 | €0 | €822 | +€822 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €160,723 | €67,716 | -€93,007 | -57.9% |
| Deferred charges and accrued income | 490/1 | - | €35,861 | +€35,861 | |
| Total equity and liabilities | 10/49 | €3,627,786 | €3,490,908 | -€136,877 | -3.8% |
| Equity | 10/15 | €1,887,851 | €1,883,652 | -€4,199 | -0.2% |
| Contributions | 10/11 | €429,676 | €429,676 | = | 0.0% |
| Reserves | 13 | €578,716 | €567,980 | -€10,736 | -1.9% |
| Non-distributable reserves | 130/1 | €42,968 | €42,968 | = | 0.0% |
| Reserves not available under the articles | 1311 | €42,968 | €42,968 | = | 0.0% |
| Tax-exempt reserves | 132 | €150,304 | €139,568 | -€10,736 | -7.1% |
| Distributable reserves | 133 | €385,444 | €385,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | €879,459 | €885,996 | +€6,537 | +0.7% |
| Amounts payable | 17/49 | €1,739,934 | €1,607,256 | -€132,679 | -7.6% |
| Amounts payable after more than one year | 17 | €1,569,258 | €1,409,856 | -€159,403 | -10.2% |
| Financial debts | 170/4 | €1,569,258 | €1,409,856 | -€159,403 | -10.2% |
| Amounts payable within one year | 42/48 | €170,676 | €197,400 | +€26,724 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €156,242 | €159,403 | +€3,161 | +2.0% |
| Trade debts | 44 | €4,329 | €35,694 | +€31,365 | +724.6% |
| Suppliers | 440/4 | €4,329 | €35,694 | +€31,365 | +724.6% |
| Taxes, remuneration and social security | 45 | €10,105 | €2,304 | -€7,801 | -77.2% |
| Taxes | 450/3 | €10,105 | €2,304 | -€7,801 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,260 | €142,670 | -€1,589 | -1.1% |
| Other operating charges | 640/8 | €8,695 | €56,396 | +€47,701 | +548.6% |
| Gross operating margin | 9900 | €214,986 | €226,840 | +€11,854 | +5.5% |
| Operating profit (loss) | 9901 | €62,031 | €27,774 | -€34,258 | -55.2% |
| Financial income | 75/76B | €956 | €3,861 | +€2,906 | +304.1% |
| Recurring financial income | 75 | €956 | €3,861 | +€2,906 | +304.1% |
| Financial charges | 65/66B | €36,639 | €33,530 | -€3,109 | -8.5% |
| Recurring financial charges | 65 | €36,639 | €33,530 | -€3,109 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €26,348 | -€1,895 | -€28,243 | |
| Income taxes | 67/77 | €10,105 | €2,304 | -€7,801 | -77.2% |
| Profit (loss) for the period | 9904 | €16,243 | -€4,199 | -€20,442 | |
| Transfer from tax-exempt reserves | 789 | €10,736 | €10,736 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,979 | €6,537 | -€20,442 | -75.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.