WARUPA GROUP: 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.
WARUPA GROUP
Largest movements
- Tangible fixed assets +€264,363
up €264,363 (+18.4%), from €1.4m to €1.7m
of which Land and buildings: +€260,113
- Cash -€111,069
down €111,069 (-69.5%), from €159,914 to €48,845
mainly Investment in fixed assets (net) (-€364,633) and Other debts (-€159,862)
- Receivables after one year +€110,000
up €110,000 (+87.0%), from €126,500 to €236,500
- Receivables within one year -€89,747
down €89,747 (-56.2%), from €159,835 to €70,087
of which Trade receivables: -€98,582
- Other debts -€159,862
down €159,862 (-25.6%), from €623,839 to €463,977
- Reserves +€150,000
up €150,000 (+35.1%), from €427,924 to €577,924
- Profit (loss) carried forward +€129,927
up €129,927 (+20.1%), from €645,349 to €775,276
- Debts after one year +€57,456
up €57,456 (+5.6%), from €1.0m to €1.1m
of which Financial debts: +€57,456
- Financial income +€130,258
up €130,258 (+108.0%), from €120,602 to €250,860
- Gross operating margin +€59,128
up €59,128 (+22.8%), from €259,058 to €318,186
- Other operating charges +€40,957
up €40,957 (+205.6%), from €19,922 to €60,879
- Taxes +€10,072
up €10,072 (+37.6%), from €26,800 to €36,872
- Depreciation +€7,395
up €7,395 (+8.0%), from €92,876 to €100,271
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 | €3,477,712 | €3,653,165 | +€175,453 | +5.0% |
| Fixed assets | 21/28 | €3,025,735 | €3,290,097 | +€264,363 | +8.7% |
| Tangible fixed assets | 22/27 | €1,436,173 | €1,700,536 | +€264,363 | +18.4% |
| Land and buildings | 22 | €1,313,289 | €1,573,402 | +€260,113 | +19.8% |
| Plant, machinery and equipment | 23 | €26,683 | €22,985 | -€3,698 | -13.9% |
| Furniture and vehicles | 24 | €96,202 | €104,149 | +€7,947 | +8.3% |
| Financial fixed assets | 28 | €1,589,562 | €1,589,562 | = | 0.0% |
| Current assets | 29/58 | €451,977 | €363,067 | -€88,910 | -19.7% |
| Amounts receivable after more than one year | 29 | €126,500 | €236,500 | +€110,000 | +87.0% |
| Other amounts receivable | 291 | €126,500 | €236,500 | +€110,000 | +87.0% |
| Amounts receivable within one year | 40/41 | €159,835 | €70,087 | -€89,747 | -56.2% |
| Trade receivables | 40 | €116,726 | €18,143 | -€98,582 | -84.5% |
| Other amounts receivable | 41 | €43,109 | €51,944 | +€8,835 | +20.5% |
| Current investments | 50/53 | €4,085 | €4,085 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €159,914 | €48,845 | -€111,069 | -69.5% |
| Deferred charges and accrued income | 490/1 | €1,643 | €3,550 | +€1,906 | +116.0% |
| Total equity and liabilities | 10/49 | €3,477,712 | €3,653,165 | +€175,453 | +5.0% |
| Equity | 10/15 | €1,562,647 | €1,842,574 | +€279,927 | +17.9% |
| Contributions | 10/11 | €489,374 | €489,374 | = | 0.0% |
| Reserves | 13 | €427,924 | €577,924 | +€150,000 | +35.1% |
| Distributable reserves | 133 | €427,924 | €577,924 | +€150,000 | +35.1% |
| Profit (loss) carried forward | 14 | €645,349 | €775,276 | +€129,927 | +20.1% |
| Amounts payable | 17/49 | €1,915,064 | €1,810,591 | -€104,474 | -5.5% |
| Amounts payable after more than one year | 17 | €1,021,500 | €1,078,956 | +€57,456 | +5.6% |
| Financial debts | 170/4 | €1,018,900 | €1,076,356 | +€57,456 | +5.6% |
| Other amounts payable | 178/9 | €2,600 | €2,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €868,852 | €712,408 | -€156,444 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €165,749 | €167,115 | +€1,366 | +0.8% |
| Trade debts | 44 | €68,685 | €64,727 | -€3,958 | -5.8% |
| Suppliers | 440/4 | €68,685 | €64,727 | -€3,958 | -5.8% |
| Taxes, remuneration and social security | 45 | €10,579 | €16,588 | +€6,009 | +56.8% |
| Taxes | 450/3 | €10,579 | €16,588 | +€6,009 | +56.8% |
| Other amounts payable | 47/48 | €623,839 | €463,977 | -€159,862 | -25.6% |
| Accrued charges and deferred income | 492/3 | €24,713 | €19,227 | -€5,486 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,876 | €100,271 | +€7,395 | +8.0% |
| Other operating charges | 640/8 | €19,922 | €60,879 | +€40,957 | +205.6% |
| Gross operating margin | 9900 | €259,058 | €318,186 | +€59,128 | +22.8% |
| Operating profit (loss) | 9901 | €146,260 | €157,036 | +€10,777 | +7.4% |
| Financial income | 75/76B | €120,602 | €250,860 | +€130,258 | +108.0% |
| Recurring financial income | 75 | €120,602 | €250,860 | +€130,258 | +108.0% |
| Financial charges | 65/66B | €68,996 | €63,497 | -€5,499 | -8.0% |
| Recurring financial charges | 65 | €68,996 | €63,497 | -€5,499 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €197,865 | €344,399 | +€146,534 | +74.1% |
| Income taxes | 67/77 | €26,800 | €36,872 | +€10,072 | +37.6% |
| Profit (loss) for the period | 9904 | €171,066 | €307,527 | +€136,461 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €171,066 | €307,527 | +€136,461 | +79.8% |
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 10 October 2026 via checked.be.