ALL WORK GROUP: 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.
ALL WORK GROUP
Largest movements
- Receivables within one year +€73,906
up €73,906 (+204.3%), from €36,173 to €110,079
of which Trade receivables: +€70,373
- Tangible fixed assets +€25,080
up €25,080 (+2349.1%), from €1,068 to €26,147
- Cash -€6,366
down €6,366 (-58.9%), from €10,810 to €4,445
mainly Receivables within one year (-€73,906) and Investment in fixed assets (net) (-€27,407)
- Profit (loss) carried forward +€36,916
up €36,916 (+135.6%), from €27,230 to €64,146
- Debts after one year +€17,083
new in 2025: €17,083
- Trade debts +€15,448
up €15,448 (+110.0%), from €14,040 to €29,488
- Accrued charges and deferred income +€14,406
new in 2025: €14,406
- Tax, wage and social debts +€6,539
up €6,539 (+92.4%), from €7,074 to €13,613
- Gross operating margin +€27,790
up €27,790 (+106.6%), from €26,073 to €53,864
- Taxes +€6,539
up €6,539 (+92.4%), from €7,074 to €13,613
- Depreciation +€2,325
up €2,325 (+167291.4%), from €1 to €2,327
- Financial charges +€590
up €590 (+704.8%), from €84 to €674
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 | €48,344 | €141,330 | +€92,986 | +192.3% |
| Fixed assets | 21/28 | €1,188 | €26,267 | +€25,080 | +2111.7% |
| Tangible fixed assets | 22/27 | €1,068 | €26,147 | +€25,080 | +2349.1% |
| Furniture and vehicles | 24 | €1,068 | €26,147 | +€25,080 | +2349.1% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €47,157 | €115,062 | +€67,906 | +144.0% |
| Amounts receivable within one year | 40/41 | €36,173 | €110,079 | +€73,906 | +204.3% |
| Trade receivables | 40 | €31,665 | €102,037 | +€70,373 | +222.2% |
| Other amounts receivable | 41 | €4,509 | €8,042 | +€3,533 | +78.4% |
| Cash at bank and in hand | 54/58 | €10,810 | €4,445 | -€6,366 | -58.9% |
| Deferred charges and accrued income | 490/1 | €173 | €539 | +€366 | +211.3% |
| Total equity and liabilities | 10/49 | €48,344 | €141,330 | +€92,986 | +192.3% |
| Equity | 10/15 | €27,230 | €64,146 | +€36,916 | +135.6% |
| Profit (loss) carried forward | 14 | €27,230 | €64,146 | +€36,916 | +135.6% |
| Amounts payable | 17/49 | €21,114 | €77,184 | +€56,070 | +265.6% |
| Amounts payable after more than one year | 17 | - | €17,083 | +€17,083 | |
| Financial debts | 170/4 | - | €17,083 | +€17,083 | |
| Amounts payable within one year | 42/48 | €21,114 | €45,695 | +€24,581 | +116.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,595 | +€2,595 | |
| Trade debts | 44 | €14,040 | €29,488 | +€15,448 | +110.0% |
| Suppliers | 440/4 | €14,040 | €29,488 | +€15,448 | +110.0% |
| Taxes, remuneration and social security | 45 | €7,074 | €13,613 | +€6,539 | +92.4% |
| Taxes | 450/3 | €7,074 | €13,613 | +€6,539 | +92.4% |
| Accrued charges and deferred income | 492/3 | - | €14,406 | +€14,406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €2,327 | +€2,325 | +167291.4% |
| Other operating charges | 640/8 | €472 | €485 | +€12 | +2.6% |
| Gross operating margin | 9900 | €26,073 | €53,864 | +€27,790 | +106.6% |
| Operating profit (loss) | 9901 | €25,600 | €51,052 | +€25,453 | +99.4% |
| Financial income | 75/76B | €156 | €150 | -€7 | -4.3% |
| Recurring financial income | 75 | €156 | €150 | -€7 | -4.3% |
| Financial charges | 65/66B | €84 | €674 | +€590 | +704.8% |
| Recurring financial charges | 65 | €84 | €674 | +€590 | +704.8% |
| Profit (loss) for the period before taxes | 9903 | €25,672 | €50,528 | +€24,856 | +96.8% |
| Income taxes | 67/77 | €7,074 | €13,613 | +€6,539 | +92.4% |
| Profit (loss) for the period | 9904 | €18,598 | €36,916 | +€18,317 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,598 | €36,916 | +€18,317 | +98.5% |
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 4 October 2026 via checked.be.