WARTIAL: 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.
WARTIAL
Largest movements
- Receivables within one year +€47,920
up €47,920 (+328%), from €14,620 to €62,540
of which Trade receivables: +€47,925
- Tangible fixed assets +€34,109
up €34,109 (+715%), from €4,768 to €38,877
of which Furniture and vehicles: +€32,964
- Cash -€2,123
down €2,123 (-5.5%), from €38,816 to €36,693
mainly Receivables within one year (-€47,920) and Investment in fixed assets (net) (-€40,316)
- Trade debts +€32,214
up €32,214 (+475%), from €6,786 to €39,000
- Debts after one year +€21,200
new in 2025: €21,200
- Profit (loss) carried forward +€20,567
up €20,567 (+71.0%), from €28,947 to €49,514
- Current portion of long-term debt +€6,280
new in 2025: €6,280
- Other debts +€2,983
up €2,983 (+50.3%), from €5,933 to €8,916
- Depreciation +€5,019
up €5,019 (+933%), from €538 to €5,557
- Financial charges +€1,395
up €1,395 (+262%), from €533 to €1,927
- Gross operating margin +€1,242
up €1,242 (+3.8%), from €32,725 to €33,967
- Taxes -€1,080
down €1,080 (-16.8%), from €6,424 to €5,344
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 | €59,410 | €139,337 | +€79,927 | +135% |
| Fixed assets | 21/28 | €4,768 | €39,527 | +€34,759 | +729% |
| Tangible fixed assets | 22/27 | €4,768 | €38,877 | +€34,109 | +715% |
| Land and buildings | 22 | €3,479 | - | -€3,479 | |
| Plant, machinery and equipment | 23 | - | €4,624 | +€4,624 | |
| Furniture and vehicles | 24 | €1,289 | €34,253 | +€32,964 | +2,558% |
| Financial fixed assets | 28 | - | €650 | +€650 | |
| Current assets | 29/58 | €54,642 | €99,810 | +€45,168 | +82.7% |
| Amounts receivable within one year | 40/41 | €14,620 | €62,540 | +€47,920 | +328% |
| Trade receivables | 40 | €14,615 | €62,540 | +€47,925 | +328% |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €38,816 | €36,693 | -€2,123 | -5.5% |
| Deferred charges and accrued income | 490/1 | €1,206 | €577 | -€629 | -52.1% |
| Total equity and liabilities | 10/49 | €59,410 | €139,337 | +€79,927 | +135% |
| Equity | 10/15 | €31,447 | €52,014 | +€20,567 | +65.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,947 | €49,514 | +€20,567 | +71.0% |
| Amounts payable | 17/49 | €27,962 | €87,323 | +€59,360 | +212% |
| Amounts payable after more than one year | 17 | - | €21,200 | +€21,200 | |
| Financial debts | 170/4 | - | €21,200 | +€21,200 | |
| Amounts payable within one year | 42/48 | €27,537 | €66,122 | +€38,585 | +140% |
| Current portion of amounts payable after more than one year | 42 | - | €6,280 | +€6,280 | |
| Trade debts | 44 | €6,786 | €39,000 | +€32,214 | +475% |
| Suppliers | 440/4 | €6,786 | €39,000 | +€32,214 | +475% |
| Taxes, remuneration and social security | 45 | €14,819 | €11,927 | -€2,893 | -19.5% |
| Taxes | 450/3 | €12,519 | €9,727 | -€2,793 | -22.3% |
| Remuneration and social security | 454/9 | €2,300 | €2,200 | -€100 | -4.3% |
| Other amounts payable | 47/48 | €5,933 | €8,916 | +€2,983 | +50.3% |
| Accrued charges and deferred income | 492/3 | €425 | - | -€425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €538 | €5,557 | +€5,019 | +933% |
| Other operating charges | 640/8 | €629 | €572 | -€57 | -9.0% |
| Gross operating margin | 9900 | €32,725 | €33,967 | +€1,242 | +3.8% |
| Operating profit (loss) | 9901 | €31,558 | €27,838 | -€3,720 | -11.8% |
| Financial charges | 65/66B | €533 | €1,927 | +€1,395 | +262% |
| Recurring financial charges | 65 | €533 | €1,927 | +€1,395 | +262% |
| Profit (loss) for the period before taxes | 9903 | €31,025 | €25,911 | -€5,115 | -16.5% |
| Income taxes | 67/77 | €6,424 | €5,344 | -€1,080 | -16.8% |
| Profit (loss) for the period | 9904 | €24,601 | €20,567 | -€4,035 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,601 | €20,567 | -€4,035 | -16.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.