WARSON S. BOUWMANAGEMENT: 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.
WARSON S. BOUWMANAGEMENT
Largest movements
- Cash -€44,920
down €44,920 (-40.2%), from €111,871 to €66,951
mainly Current investments (-€43,589) and Investment in fixed assets (net) (-€27,950)
- Current investments +€43,589
new in 2025: €43,589
- Tangible fixed assets +€18,962
up €18,962 (+131%), from €14,476 to €33,437
- Other debts +€16,445
new in 2025: €16,445
- Reserves +€7,401
up €7,401 (+2.5%), from €299,010 to €306,411
- Depreciation -€9,204
down €9,204 (-50.6%), from €18,192 to €8,988
- Gross operating margin +€2,840
up €2,840 (+5.6%), from €50,905 to €53,744
- Financial income -€720
down €720 (-11.0%), from €6,542 to €5,821
- Taxes -€636
down €636 (-4.4%), from €14,539 to €13,903
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,598 | €348,137 | +€19,539 | +5.9% |
| Fixed assets | 21/28 | €14,476 | €33,437 | +€18,962 | +131% |
| Tangible fixed assets | 22/27 | €14,476 | €33,437 | +€18,962 | +131% |
| Furniture and vehicles | 24 | €14,476 | €33,437 | +€18,962 | +131% |
| Current assets | 29/58 | €314,122 | €314,700 | +€578 | +0.2% |
| Amounts receivable after more than one year | 29 | €193,600 | €193,600 | = | 0.0% |
| Other amounts receivable | 291 | €193,600 | €193,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,651 | €10,560 | +€1,909 | +22.1% |
| Trade receivables | 40 | - | €9,000 | +€9,000 | |
| Other amounts receivable | 41 | €8,651 | €1,560 | -€7,091 | -82.0% |
| Current investments | 50/53 | - | €43,589 | +€43,589 | |
| Cash at bank and in hand | 54/58 | €111,871 | €66,951 | -€44,920 | -40.2% |
| Total equity and liabilities | 10/49 | €328,598 | €348,137 | +€19,539 | +5.9% |
| Equity | 10/15 | €313,810 | €321,211 | +€7,401 | +2.4% |
| Contributions | 10/11 | €14,800 | €14,800 | = | 0.0% |
| Reserves | 13 | €299,010 | €306,411 | +€7,401 | +2.5% |
| Distributable reserves | 133 | €299,010 | €306,411 | +€7,401 | +2.5% |
| Amounts payable | 17/49 | €14,788 | €26,926 | +€12,138 | +82.1% |
| Amounts payable within one year | 42/48 | €14,788 | €26,926 | +€12,138 | +82.1% |
| Current portion of amounts payable after more than one year | 42 | €2,352 | - | -€2,352 | |
| Trade debts | 44 | €435 | €519 | +€85 | +19.5% |
| Suppliers | 440/4 | €435 | €519 | +€85 | +19.5% |
| Taxes, remuneration and social security | 45 | €12,001 | €9,961 | -€2,040 | -17.0% |
| Taxes | 450/3 | €12,001 | €9,961 | -€2,040 | -17.0% |
| Other amounts payable | 47/48 | - | €16,445 | +€16,445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,192 | €8,988 | -€9,204 | -50.6% |
| Other operating charges | 640/8 | €1,564 | €1,457 | -€107 | -6.9% |
| Gross operating margin | 9900 | €50,905 | €53,744 | +€2,840 | +5.6% |
| Operating profit (loss) | 9901 | €31,148 | €43,299 | +€12,151 | +39.0% |
| Financial income | 75/76B | €6,542 | €5,821 | -€720 | -11.0% |
| Recurring financial income | 75 | €6,542 | €5,821 | -€720 | -11.0% |
| Financial charges | 65/66B | €576 | €817 | +€241 | +41.9% |
| Recurring financial charges | 65 | €576 | €817 | +€241 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €37,114 | €48,303 | +€11,189 | +30.1% |
| Income taxes | 67/77 | €14,539 | €13,903 | -€636 | -4.4% |
| Profit (loss) for the period | 9904 | €22,575 | €34,401 | +€11,826 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,575 | €34,401 | +€11,826 | +52.4% |
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 31 October 2026 via checked.be.