Warson Meubelen: 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
Warson Meubelen
NACE 47.551, Retail sale of household furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€39,025
2024 · -€56,643+€17,618
Equity
€314,952
2024 · €353,977-€39,025
Cash
€209,148
2024 · €215,444-€6,296
Balance sheet total
€828,782
2024 · €862,929-€34,147
Largest movements
Assets
- Tangible fixed assets -€11,776
down €11,776 (-7.8%), from €151,655 to €139,879
of which Furniture and vehicles: -€12,113
Equity and liabilities
- Reserves -€39,025
down €39,025 (-15.3%), from €254,820 to €215,794
of which Distributable reserves: -€39,025
Income statement
- Gross operating margin +€32,596
up €32,596 (+40.6%), from €80,210 to €112,806
- Depreciation +€7,321
up €7,321 (+84.5%), from €8,659 to €15,980
- Staff costs +€4,417
up €4,417 (+4.4%), from €99,331 to €103,749
- Write-downs +€2,887
up €2,887 (+58.0%), from -€4,975 to -€2,088
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
-€56,643
Gross operating margin
+€32,596
Staff costs
-€4,417
Depreciation
-€7,321
Write-downs
-€2,887
Other operating charges
-€1,063
Financial income
+€720
Financial charges
+€73
Taxes
-€83
Result 2025
-€39,025
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
-€2,092
Investment
-€4,204
Financing
€0
Cash 2024
€215,444
From operations (derived)
-€2,092
Net result for the year
-€39,025
Depreciation
+€15,980
Stocks and contracts
+€8,258
Receivables within one year
+€7,347
Deferred charges and accrued income
+€471
Trade debts
+€3,963
Tax, wage and social debts
-€1,259
Advances received
+€5,154
Other debts
-€2,979
Investment (derived)
-€4,204
Investment in fixed assets (net)
-€4,204
Cash 2025
€209,148
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €862,929 | €828,782 | -€34,147 | -4.0% |
| Fixed assets | 21/28 | €151,655 | €139,879 | -€11,776 | -7.8% |
| Tangible fixed assets | 22/27 | €151,655 | €139,879 | -€11,776 | -7.8% |
| Land and buildings | 22 | €96,849 | €97,186 | +€337 | +0.3% |
| Furniture and vehicles | 24 | €54,806 | €42,693 | -€12,113 | -22.1% |
| Current assets | 29/58 | €711,274 | €688,903 | -€22,371 | -3.1% |
| Stocks and contracts in progress | 3 | €473,557 | €465,300 | -€8,258 | -1.7% |
| Stocks | 30/36 | €473,557 | €465,300 | -€8,258 | -1.7% |
| Amounts receivable within one year | 40/41 | €20,402 | €13,055 | -€7,347 | -36.0% |
| Trade receivables | 40 | €17,385 | €11,664 | -€5,721 | -32.9% |
| Other amounts receivable | 41 | €3,017 | €1,391 | -€1,626 | -53.9% |
| Cash at bank and in hand | 54/58 | €215,444 | €209,148 | -€6,296 | -2.9% |
| Deferred charges and accrued income | 490/1 | €1,871 | €1,400 | -€471 | -25.1% |
| Total equity and liabilities | 10/49 | €862,929 | €828,782 | -€34,147 | -4.0% |
| Equity | 10/15 | €353,977 | €314,952 | -€39,025 | -11.0% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €254,820 | €215,794 | -€39,025 | -15.3% |
| Tax-exempt reserves | 132 | €7,200 | €7,200 | = | 0.0% |
| Distributable reserves | 133 | €247,619 | €208,594 | -€39,025 | -15.8% |
| Amounts payable | 17/49 | €508,952 | €513,830 | +€4,879 | +1.0% |
| Amounts payable within one year | 42/48 | €506,532 | €511,410 | +€4,879 | +1.0% |
| Trade debts | 44 | €21,019 | €24,982 | +€3,963 | +18.9% |
| Suppliers | 440/4 | €21,019 | €24,982 | +€3,963 | +18.9% |
| Advances received on contracts in progress | 46 | €11,516 | €16,670 | +€5,154 | +44.8% |
| Taxes, remuneration and social security | 45 | €42,615 | €41,356 | -€1,259 | -3.0% |
| Taxes | 450/3 | €29,524 | €28,453 | -€1,071 | -3.6% |
| Remuneration and social security | 454/9 | €13,091 | €12,902 | -€188 | -1.4% |
| Other amounts payable | 47/48 | €431,382 | €428,403 | -€2,979 | -0.7% |
| Accrued charges and deferred income | 492/3 | €2,420 | €2,420 | = | 0.0% |
| Non-recurring operating income | 76A | €14,500 | €622 | -€13,878 | -95.7% |
| Remuneration, social security and pensions | 62 | €99,331 | €103,749 | +€4,417 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,659 | €15,980 | +€7,321 | +84.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,975 | -€2,088 | +€2,887 | +58.0% |
| Other operating charges | 640/8 | €30,882 | €31,945 | +€1,063 | +3.4% |
| Gross operating margin | 9900 | €80,210 | €112,806 | +€32,596 | +40.6% |
| Operating profit (loss) | 9901 | -€53,688 | -€36,780 | +€16,908 | +31.5% |
| Financial income | 75/76B | €7,062 | €7,782 | +€720 | +10.2% |
| Recurring financial income | 75 | €7,062 | €7,782 | +€720 | +10.2% |
| Financial charges | 65/66B | €9,556 | €9,483 | -€73 | -0.8% |
| Recurring financial charges | 65 | €9,556 | €9,483 | -€73 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€56,182 | -€38,481 | +€17,701 | +31.5% |
| Income taxes | 67/77 | €461 | €545 | +€83 | +18.0% |
| Profit (loss) for the period | 9904 | -€56,643 | -€39,025 | +€17,618 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,643 | -€39,025 | +€17,618 | +31.1% |
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 29 October 2026 via checked.be.