Warwash: 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.
Warwash
Largest movements
- Intangible fixed assets -€215,368
down €215,368 (-46.2%), from €466,631 to €251,263
- Cash -€35,035
down €35,035 (-44.8%), from €78,272 to €43,237
mainly Contributions, distributions and other (-€500,000) and Investment in fixed assets (net) (-€183,133)
- Receivables within one year +€26,122
up €26,122 (+5.1%), from €515,311 to €541,433
of which Trade receivables: +€56,770
- Reserves -€120,140
down €120,140 (-17.5%), from €687,402 to €567,262
of which Distributable reserves: -€120,140
- Trade debts -€58,013
down €58,013 (-7.8%), from €746,618 to €688,605
- Depreciation -€97,982
down €97,982 (-20.6%), from €475,032 to €377,050
- Gross operating margin +€62,758
up €62,758 (+4.1%), from €1.5m to €1.6m
- Staff costs +€19,896
up €19,896 (+2.8%), from €698,833 to €718,729
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 | €2,153,927 | €1,954,375 | -€199,552 | -9.3% |
| Fixed assets | 21/28 | €885,763 | €691,845 | -€193,918 | -21.9% |
| Intangible fixed assets | 21 | €466,631 | €251,263 | -€215,368 | -46.2% |
| Tangible fixed assets | 22/27 | €418,932 | €440,383 | +€21,450 | +5.1% |
| Plant, machinery and equipment | 23 | €172,801 | €141,709 | -€31,092 | -18.0% |
| Furniture and vehicles | 24 | €2,873 | €3,001 | +€128 | +4.5% |
| Other tangible fixed assets | 26 | €243,258 | €295,672 | +€52,414 | +21.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €1,268,164 | €1,262,529 | -€5,634 | -0.4% |
| Stocks and contracts in progress | 3 | €646,744 | €649,117 | +€2,373 | +0.4% |
| Stocks | 30/36 | €646,744 | €649,117 | +€2,373 | +0.4% |
| Amounts receivable within one year | 40/41 | €515,311 | €541,433 | +€26,122 | +5.1% |
| Trade receivables | 40 | €466,221 | €522,992 | +€56,770 | +12.2% |
| Other amounts receivable | 41 | €49,089 | €18,441 | -€30,648 | -62.4% |
| Cash at bank and in hand | 54/58 | €78,272 | €43,237 | -€35,035 | -44.8% |
| Deferred charges and accrued income | 490/1 | €27,837 | €28,743 | +€906 | +3.3% |
| Total equity and liabilities | 10/49 | €2,153,927 | €1,954,375 | -€199,552 | -9.3% |
| Equity | 10/15 | €761,802 | €641,662 | -€120,140 | -15.8% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Capital | 10 | €74,400 | €74,400 | = | 0.0% |
| Issued capital | 100 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €687,402 | €567,262 | -€120,140 | -17.5% |
| Non-distributable reserves | 130/1 | €7,440 | €7,440 | = | 0.0% |
| Legal reserve | 130 | €7,440 | €7,440 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €661,212 | €541,072 | -€120,140 | -18.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,392,125 | €1,312,713 | -€79,412 | -5.7% |
| Amounts payable after more than one year | 17 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Financial debts | 170/4 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Amounts payable within one year | 42/48 | €1,374,125 | €1,300,713 | -€73,412 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €18,500 | €6,000 | -€12,500 | -67.6% |
| Trade debts | 44 | €746,618 | €688,605 | -€58,013 | -7.8% |
| Suppliers | 440/4 | €746,618 | €688,605 | -€58,013 | -7.8% |
| Taxes, remuneration and social security | 45 | €109,007 | €106,108 | -€2,899 | -2.7% |
| Taxes | 450/3 | €14,207 | €12,159 | -€2,048 | -14.4% |
| Remuneration and social security | 454/9 | €94,800 | €93,949 | -€851 | -0.9% |
| Other amounts payable | 47/48 | €500,000 | €500,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €698,833 | €718,729 | +€19,896 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475,032 | €377,050 | -€97,982 | -20.6% |
| Other operating charges | 640/8 | €2,430 | €2,243 | -€186 | -7.7% |
| Gross operating margin | 9900 | €1,545,036 | €1,607,794 | +€62,758 | +4.1% |
| Operating profit (loss) | 9901 | €368,741 | €509,771 | +€141,030 | +38.2% |
| Financial income | 75/76B | €13,050 | €12,722 | -€328 | -2.5% |
| Recurring financial income | 75 | €13,050 | €12,722 | -€328 | -2.5% |
| Financial charges | 65/66B | €48,195 | €42,789 | -€5,406 | -11.2% |
| Recurring financial charges | 65 | €48,195 | €42,789 | -€5,406 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €333,596 | €479,704 | +€146,108 | +43.8% |
| Income taxes | 67/77 | €86,352 | €99,844 | +€13,491 | +15.6% |
| Profit (loss) for the period | 9904 | €247,243 | €379,860 | +€132,617 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €247,243 | €379,860 | +€132,617 | +53.6% |
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 6 October 2026 via checked.be.