ALGEMENE WERKEN HS: 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.
ALGEMENE WERKEN HS
Largest movements
- Tangible fixed assets +€24,085
up €24,085 (+2,026%), from €1,189 to €25,273
of which Furniture and vehicles: +€22,509
- Deferred charges and accrued income +€8,471
up €8,471 (+9,139%), from €93 to €8,563
- Cash +€3,915
up €3,915 (+28.3%), from €13,833 to €17,748
mainly Debts after one year (+€17,808) and Net result for the year (+€7,639)
- Receivables within one year +€2,838
up €2,838 (+35.9%), from €7,902 to €10,741
of which Trade receivables: +€2,471
- Debts after one year +€17,808
new in 2025: €17,808
- Reserves +€7,639
up €7,639 (+88.1%), from €8,675 to €16,314
- Current portion of long-term debt +€5,354
new in 2025: €5,354
- Other debts +€4,875
up €4,875 (+260%), from €1,872 to €6,747
- Tax, wage and social debts +€2,611
up €2,611 (+33.2%), from €7,873 to €10,484
of which Remuneration and social security: +€2,500
- Gross operating margin +€6,326
up €6,326 (+57.9%), from €10,932 to €17,258
- Depreciation +€6,274
up €6,274 (+482,580%), from €1 to €6,275
- Financial charges +€1,103
up €1,103 (+966%), from €114 to €1,217
- Taxes -€263
down €263 (-12.3%), from €2,145 to €1,881
- Other operating charges +€248
new in 2025: €248
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 | €23,017 | €62,326 | +€39,309 | +171% |
| Fixed assets | 21/28 | €1,189 | €25,273 | +€24,085 | +2,026% |
| Tangible fixed assets | 22/27 | €1,189 | €25,273 | +€24,085 | +2,026% |
| Plant, machinery and equipment | 23 | €1,189 | €2,764 | +€1,575 | +133% |
| Furniture and vehicles | 24 | - | €22,509 | +€22,509 | |
| Current assets | 29/58 | €21,828 | €37,053 | +€15,224 | +69.7% |
| Amounts receivable within one year | 40/41 | €7,902 | €10,741 | +€2,838 | +35.9% |
| Trade receivables | 40 | €7,902 | €10,373 | +€2,471 | +31.3% |
| Other amounts receivable | 41 | - | €368 | +€368 | |
| Cash at bank and in hand | 54/58 | €13,833 | €17,748 | +€3,915 | +28.3% |
| Deferred charges and accrued income | 490/1 | €93 | €8,563 | +€8,471 | +9,139% |
| Total equity and liabilities | 10/49 | €23,017 | €62,326 | +€39,309 | +171% |
| Equity | 10/15 | €11,675 | €19,314 | +€7,639 | +65.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,675 | €16,314 | +€7,639 | +88.1% |
| Distributable reserves | 133 | €8,675 | €16,314 | +€7,639 | +88.1% |
| Amounts payable | 17/49 | €11,342 | €43,012 | +€31,670 | +279% |
| Amounts payable after more than one year | 17 | - | €17,808 | +€17,808 | |
| Financial debts | 170/4 | - | €17,808 | +€17,808 | |
| Amounts payable within one year | 42/48 | €11,342 | €25,204 | +€13,862 | +122% |
| Current portion of amounts payable after more than one year | 42 | - | €5,354 | +€5,354 | |
| Trade debts | 44 | €1,597 | €2,619 | +€1,022 | +64.0% |
| Suppliers | 440/4 | €1,597 | €2,619 | +€1,022 | +64.0% |
| Taxes, remuneration and social security | 45 | €7,873 | €10,484 | +€2,611 | +33.2% |
| Taxes | 450/3 | €7,873 | €7,984 | +€111 | +1.4% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €1,872 | €6,747 | +€4,875 | +260% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €6,275 | +€6,274 | +482,580% |
| Other operating charges | 640/8 | - | €248 | +€248 | |
| Gross operating margin | 9900 | €10,932 | €17,258 | +€6,326 | +57.9% |
| Operating profit (loss) | 9901 | €10,931 | €10,735 | -€196 | -1.8% |
| Financial income | 75/76B | €3 | €3 | -€0 | -13.7% |
| Recurring financial income | 75 | €3 | €3 | -€0 | -13.7% |
| Financial charges | 65/66B | €114 | €1,217 | +€1,103 | +966% |
| Recurring financial charges | 65 | €114 | €1,217 | +€1,103 | +966% |
| Profit (loss) for the period before taxes | 9903 | €10,820 | €9,520 | -€1,299 | -12.0% |
| Income taxes | 67/77 | €2,145 | €1,881 | -€263 | -12.3% |
| Profit (loss) for the period | 9904 | €8,675 | €7,639 | -€1,036 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,675 | €7,639 | -€1,036 | -11.9% |
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 14 October 2026 via checked.be.