WARSON LUCAS: 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.
WARSON LUCAS
Largest movements
- Cash +€51,435
up €51,435 (+364.8%), from €14,101 to €65,535
mainly Net result for the year (+€43,508) and Other debts (+€10,926)
- Receivables within one year -€6,437
down €6,437 (-25.0%), from €25,749 to €19,312
- Reserves +€29,008
up €29,008 (+232.0%), from €12,502 to €41,511
- Other debts +€10,926
up €10,926 (+163.5%), from €6,681 to €17,607
- Tax, wage and social debts +€6,149
up €6,149 (+60.8%), from €10,119 to €16,268
- Accrued charges and deferred income -€917
no longer reported in 2025 (was €917)
- Gross operating margin +€31,170
up €31,170 (+143.9%), from €21,657 to €52,827
- Taxes +€5,328
up €5,328 (+139.7%), from €3,814 to €9,142
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 | €40,338 | €85,386 | +€45,048 | +111.7% |
| Current assets | 29/58 | €40,338 | €85,386 | +€45,048 | +111.7% |
| Amounts receivable within one year | 40/41 | €25,749 | €19,312 | -€6,437 | -25.0% |
| Trade receivables | 40 | €25,749 | €19,312 | -€6,437 | -25.0% |
| Cash at bank and in hand | 54/58 | €14,101 | €65,535 | +€51,435 | +364.8% |
| Deferred charges and accrued income | 490/1 | €489 | €539 | +€50 | +10.3% |
| Total equity and liabilities | 10/49 | €40,338 | €85,386 | +€45,048 | +111.7% |
| Equity | 10/15 | €22,502 | €51,511 | +€29,008 | +128.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €12,502 | €41,511 | +€29,008 | +232.0% |
| Distributable reserves | 133 | €12,502 | €41,511 | +€29,008 | +232.0% |
| Amounts payable | 17/49 | €17,836 | €33,875 | +€16,040 | +89.9% |
| Amounts payable within one year | 42/48 | €16,919 | €33,875 | +€16,957 | +100.2% |
| Trade debts | 44 | €119 | - | -€119 | |
| Suppliers | 440/4 | €119 | - | -€119 | |
| Taxes, remuneration and social security | 45 | €10,119 | €16,268 | +€6,149 | +60.8% |
| Taxes | 450/3 | €10,119 | €16,268 | +€6,149 | +60.8% |
| Other amounts payable | 47/48 | €6,681 | €17,607 | +€10,926 | +163.5% |
| Accrued charges and deferred income | 492/3 | €917 | - | -€917 | |
| Other operating charges | 640/8 | €322 | €128 | -€194 | -60.2% |
| Gross operating margin | 9900 | €21,657 | €52,827 | +€31,170 | +143.9% |
| Operating profit (loss) | 9901 | €21,335 | €52,699 | +€31,364 | +147.0% |
| Financial charges | 65/66B | €18 | €48 | +€30 | +160.8% |
| Recurring financial charges | 65 | €18 | €48 | +€30 | +160.8% |
| Profit (loss) for the period before taxes | 9903 | €21,317 | €52,651 | +€31,334 | +147.0% |
| Income taxes | 67/77 | €3,814 | €9,142 | +€5,328 | +139.7% |
| Profit (loss) for the period | 9904 | €17,502 | €43,508 | +€26,006 | +148.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,502 | €43,508 | +€26,006 | +148.6% |
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 5 October 2026 via checked.be.