4 - WERK: 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.
4 - WERK
Largest movements
- Receivables within one year +€34,517
up €34,517 (+38.3%), from €90,066 to €124,583
of which Other amounts receivable: +€28,467
- Tangible fixed assets -€17,463
down €17,463 (-13.0%), from €134,054 to €116,591
of which Other tangible fixed assets: -€17,364
- Reserves +€47,059
up €47,059 (+95.7%), from €49,189 to €96,247
- Tax, wage and social debts -€19,874
down €19,874 (-19.5%), from €101,758 to €81,885
- Trade debts -€7,979
down €7,979 (-29.8%), from €26,795 to €18,816
- Financial charges -€14,785
down €14,785 (-89.1%), from €16,585 to €1,800
- Other operating charges -€8,931
down €8,931 (-97.7%), from €9,143 to €213
- Gross operating margin +€7,646
up €7,646 (+12.8%), from €59,753 to €67,399
- Taxes +€6,259
up €6,259 (+260%), from €2,410 to €8,669
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €539,375 | €558,986 | +€19,611 | +3.6% |
| Fixed assets | 21/28 | €137,634 | €120,171 | -€17,463 | -12.7% |
| Tangible fixed assets | 22/27 | €134,054 | €116,591 | -€17,463 | -13.0% |
| Furniture and vehicles | 24 | €393 | €295 | -€98 | -25.0% |
| Other tangible fixed assets | 26 | €133,660 | €116,296 | -€17,364 | -13.0% |
| Financial fixed assets | 28 | €3,580 | €3,580 | = | 0.0% |
| Current assets | 29/58 | €401,741 | €438,815 | +€37,074 | +9.2% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €90,066 | €124,583 | +€34,517 | +38.3% |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Other amounts receivable | 41 | €90,066 | €118,533 | +€28,467 | +31.6% |
| Cash at bank and in hand | 54/58 | - | €35 | +€35 | |
| Deferred charges and accrued income | 490/1 | €11,675 | €14,197 | +€2,522 | +21.6% |
| Total equity and liabilities | 10/49 | €539,375 | €558,986 | +€19,611 | +3.6% |
| Equity | 10/15 | €406,075 | €453,133 | +€47,059 | +11.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €49,189 | €96,247 | +€47,059 | +95.7% |
| Distributable reserves | 133 | €49,189 | €96,247 | +€47,059 | +95.7% |
| Profit (loss) carried forward | 14 | €350,689 | €350,689 | = | 0.0% |
| Amounts payable | 17/49 | €133,300 | €105,852 | -€27,448 | -20.6% |
| Amounts payable within one year | 42/48 | €133,300 | €105,852 | -€27,448 | -20.6% |
| Financial debts | 43 | €4,747 | €5,152 | +€405 | +8.5% |
| Credit institutions | 430/8 | €4,747 | €5,152 | +€405 | +8.5% |
| Trade debts | 44 | €26,795 | €18,816 | -€7,979 | -29.8% |
| Suppliers | 440/4 | €26,795 | €18,816 | -€7,979 | -29.8% |
| Taxes, remuneration and social security | 45 | €101,758 | €81,885 | -€19,874 | -19.5% |
| Taxes | 450/3 | €101,758 | €81,885 | -€19,874 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,463 | €17,463 | = | 0.0% |
| Other operating charges | 640/8 | €9,143 | €213 | -€8,931 | -97.7% |
| Gross operating margin | 9900 | €59,753 | €67,399 | +€7,646 | +12.8% |
| Operating profit (loss) | 9901 | €33,147 | €49,724 | +€16,577 | +50.0% |
| Financial income | 75/76B | €7,703 | €7,804 | +€101 | +1.3% |
| Recurring financial income | 75 | €7,703 | €7,804 | +€101 | +1.3% |
| Financial charges | 65/66B | €16,585 | €1,800 | -€14,785 | -89.1% |
| Recurring financial charges | 65 | €16,585 | €1,800 | -€14,785 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €24,265 | €55,728 | +€31,463 | +130% |
| Income taxes | 67/77 | €2,410 | €8,669 | +€6,259 | +260% |
| Profit (loss) for the period | 9904 | €21,855 | €47,059 | +€25,203 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €21,855 | €47,059 | +€25,203 | +115% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.