A-WORKS: 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.
What changed
A-WORKS
NACE 43.410, Roofing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,512
2024 · €153,341-€139,829
Equity
€485,158
2024 · €471,645+€13,512
Cash
€8,163
2024 · €45,342-€37,179
Balance sheet total
€5.3m
2024 · €3.2m+€2.0m
Largest movements
Assets
- Stocks and contracts +€1.3m
up €1.3m (+565%), from €233,519 to €1.6m
of which Stocks: +€1.1m
- Tangible fixed assets +€792,377
up €792,377 (+70.0%), from €1.1m to €1.9m
of which Land and buildings: +€794,469
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+54.9%), from €2.0m to €3.2m
- Other debts +€598,278
up €598,278 (+164%), from €365,363 to €963,641
- Short-term financial debts +€300,000
new in 2025: €300,000
Income statement
- Financial income -€151,332
down €151,332 (-100.0%), from €151,378 to €46
- Gross operating margin +€147,020
up €147,020 (+89.1%), from €165,024 to €312,044
- Depreciation +€118,176
up €118,176 (+234%), from €50,475 to €168,650
- Financial charges +€56,629
up €56,629 (+109%), from €52,111 to €108,740
- Other operating charges -€20,822
down €20,822 (-67.8%), from €30,715 to €9,893
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.
Result 2024
€153,341
Gross operating margin
+€147,020
Staff costs
+€4,144
Depreciation
-€118,176
Other operating charges
+€20,822
Financial income
-€151,332
Financial charges
-€56,629
Taxes
+€14,323
Result 2025
€13,512
raises the resultlowers the result
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.
From operations
-€542,485
Investment
-€961,028
Financing
+€1.5m
Cash 2024
€45,342
From operations (derived)
-€542,485
Net result for the year
+€13,512
Depreciation
+€168,650
Stocks and contracts
-€1.3m
Receivables within one year
+€41,616
Smaller working-capital items
+€3,833
Trade debts
-€47,958
Other debts
+€598,278
Investment (derived)
-€961,028
Investment in fixed assets (net)
-€961,028
Financing
+€1.5m
Debts after one year
+€1.1m
Current portion of long-term debt
+€43,449
Short-term financial debts
+€300,000
Cash 2025
€8,163
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,246,029 | €5,277,374 | +€2.0m | +62.6% |
| Fixed assets | 21/28 | €2,682,095 | €3,474,472 | +€792,377 | +29.5% |
| Tangible fixed assets | 22/27 | €1,131,945 | €1,924,322 | +€792,377 | +70.0% |
| Land and buildings | 22 | €1,124,088 | €1,918,557 | +€794,469 | +70.7% |
| Plant, machinery and equipment | 23 | €679 | €240 | -€439 | -64.6% |
| Furniture and vehicles | 24 | €7,178 | €5,525 | -€1,653 | -23.0% |
| Financial fixed assets | 28 | €1,550,150 | €1,550,150 | = | 0.0% |
| Current assets | 29/58 | €563,935 | €1,802,901 | +€1.2m | +220% |
| Stocks and contracts in progress | 3 | €233,519 | €1,553,936 | +€1.3m | +565% |
| Stocks | 30/36 | €213,519 | €1,323,936 | +€1.1m | +520% |
| Contracts in progress | 37 | €20,000 | €230,000 | +€210,000 | +1,050% |
| Amounts receivable within one year | 40/41 | €239,599 | €197,984 | -€41,616 | -17.4% |
| Trade receivables | 40 | €221,165 | €138,909 | -€82,255 | -37.2% |
| Other amounts receivable | 41 | €18,434 | €59,074 | +€40,640 | +220% |
| Cash at bank and in hand | 54/58 | €45,342 | €8,163 | -€37,179 | -82.0% |
| Deferred charges and accrued income | 490/1 | €45,474 | €42,819 | -€2,656 | -5.8% |
| Total equity and liabilities | 10/49 | €3,246,029 | €5,277,374 | +€2.0m | +62.6% |
| Equity | 10/15 | €471,645 | €485,158 | +€13,512 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €464,897 | €478,409 | +€13,512 | +2.9% |
| Distributable reserves | 133 | €464,897 | €478,409 | +€13,512 | +2.9% |
| Profit (loss) carried forward | 14 | €549 | €549 | = | 0.0% |
| Amounts payable | 17/49 | €2,774,384 | €4,792,216 | +€2.0m | +72.7% |
| Amounts payable after more than one year | 17 | €2,044,575 | €3,167,460 | +€1.1m | +54.9% |
| Financial debts | 170/4 | €2,044,575 | €3,167,460 | +€1.1m | +54.9% |
| Amounts payable within one year | 42/48 | €724,762 | €1,621,601 | +€896,839 | +124% |
| Current portion of amounts payable after more than one year | 42 | €169,757 | €213,206 | +€43,449 | +25.6% |
| Financial debts | 43 | - | €300,000 | +€300,000 | |
| Credit institutions | 430/8 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €172,803 | €124,845 | -€47,958 | -27.8% |
| Suppliers | 440/4 | €172,803 | €124,845 | -€47,958 | -27.8% |
| Taxes, remuneration and social security | 45 | €16,839 | €19,909 | +€3,071 | +18.2% |
| Taxes | 450/3 | €16,839 | €19,909 | +€3,071 | +18.2% |
| Other amounts payable | 47/48 | €365,363 | €963,641 | +€598,278 | +164% |
| Accrued charges and deferred income | 492/3 | €5,048 | €3,155 | -€1,893 | -37.5% |
| Remuneration, social security and pensions | 62 | €4,144 | - | -€4,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,475 | €168,650 | +€118,176 | +234% |
| Other operating charges | 640/8 | €30,715 | €9,893 | -€20,822 | -67.8% |
| Gross operating margin | 9900 | €165,024 | €312,044 | +€147,020 | +89.1% |
| Operating profit (loss) | 9901 | €79,690 | €133,500 | +€53,810 | +67.5% |
| Financial income | 75/76B | €151,378 | €46 | -€151,332 | -100.0% |
| Recurring financial income | 75 | €151,378 | €46 | -€151,332 | -100.0% |
| Financial charges | 65/66B | €52,111 | €108,740 | +€56,629 | +109% |
| Recurring financial charges | 65 | €52,111 | €108,740 | +€56,629 | +109% |
| Profit (loss) for the period before taxes | 9903 | €178,957 | €24,806 | -€154,151 | -86.1% |
| Income taxes | 67/77 | €25,616 | €11,293 | -€14,323 | -55.9% |
| Profit (loss) for the period | 9904 | €153,341 | €13,512 | -€139,829 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €153,341 | €13,512 | -€139,829 | -91.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.