AS WORX: what changed
AS WORX
Largest movements
- Tangible fixed assets +€3,092
up €3,092 (+32.4%), from €9,540 to €12,631
of which Plant, machinery and equipment: +€3,892
- Cash +€2,555
up €2,555 (+70.1%), from €3,646 to €6,201
mainly Trade debts (+€7,854) and Depreciation (+€3,220)
- Deferred charges and accrued income +€769
new in 2025: €769
- Receivables within one year +€686
up €686 (+3.1%), from €21,840 to €22,526
- Stocks and contracts +€603
up €603 (+451%), from €134 to €736
- Trade debts +€7,854
up €7,854 (+129%), from €6,066 to €13,920
- Other debts -€2,962
down €2,962 (-47.2%), from €6,272 to €3,311
- Reserves +€1,896
up €1,896 (+54.4%), from €3,484 to €5,380
of which Distributable reserves: +€1,880
- Tax, wage and social debts +€910
up €910 (+10.8%), from €8,449 to €9,359
of which Remuneration and social security: +€2,831
- Gross operating margin -€2,624
down €2,624 (-25.2%), from €10,421 to €7,797
- Staff costs -€817
down €817 (-80.3%), from €1,019 to €201
- Depreciation +€739
up €739 (+29.8%), from €2,481 to €3,220
- Taxes -€667
down €667 (-35.6%), from €1,871 to €1,204
- Other operating charges +€602
up €602 (+86.5%), from €696 to €1,298
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,159 | €42,864 | +€7,705 | +21.9% |
| Fixed assets | 21/28 | €9,540 | €12,631 | +€3,092 | +32.4% |
| Tangible fixed assets | 22/27 | €9,540 | €12,631 | +€3,092 | +32.4% |
| Plant, machinery and equipment | 23 | €6,455 | €10,347 | +€3,892 | +60.3% |
| Furniture and vehicles | 24 | €3,084 | €2,284 | -€800 | -25.9% |
| Current assets | 29/58 | €25,619 | €30,232 | +€4,613 | +18.0% |
| Stocks and contracts in progress | 3 | €134 | €736 | +€603 | +451% |
| Stocks | 30/36 | €134 | €736 | +€603 | +451% |
| Amounts receivable within one year | 40/41 | €21,840 | €22,526 | +€686 | +3.1% |
| Trade receivables | 40 | €21,840 | €22,526 | +€686 | +3.1% |
| Cash at bank and in hand | 54/58 | €3,646 | €6,201 | +€2,555 | +70.1% |
| Deferred charges and accrued income | 490/1 | - | €769 | +€769 | |
| Total equity and liabilities | 10/49 | €35,159 | €42,864 | +€7,705 | +21.9% |
| Equity | 10/15 | €14,371 | €16,274 | +€1,903 | +13.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,484 | €5,380 | +€1,896 | +54.4% |
| Non-distributable reserves | 130/1 | €484 | €500 | +€16 | +3.4% |
| Other | 1319 | €484 | €500 | +€16 | +3.4% |
| Distributable reserves | 133 | €3,000 | €4,880 | +€1,880 | +62.7% |
| Profit (loss) carried forward | 14 | €5,888 | €5,894 | +€6 | +0.1% |
| Amounts payable | 17/49 | €20,788 | €26,590 | +€5,802 | +27.9% |
| Amounts payable within one year | 42/48 | €20,788 | €26,590 | +€5,802 | +27.9% |
| Trade debts | 44 | €6,066 | €13,920 | +€7,854 | +129% |
| Suppliers | 440/4 | €6,066 | €13,920 | +€7,854 | +129% |
| Taxes, remuneration and social security | 45 | €8,449 | €9,359 | +€910 | +10.8% |
| Taxes | 450/3 | €8,449 | €6,528 | -€1,921 | -22.7% |
| Remuneration and social security | 454/9 | - | €2,831 | +€2,831 | |
| Other amounts payable | 47/48 | €6,272 | €3,311 | -€2,962 | -47.2% |
| Remuneration, social security and pensions | 62 | €1,019 | €201 | -€817 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,481 | €3,220 | +€739 | +29.8% |
| Other operating charges | 640/8 | €696 | €1,298 | +€602 | +86.5% |
| Gross operating margin | 9900 | €10,421 | €7,797 | -€2,624 | -25.2% |
| Operating profit (loss) | 9901 | €6,226 | €3,077 | -€3,148 | -50.6% |
| Financial income | 75/76B | - | €335 | +€335 | |
| Recurring financial income | 75 | - | €335 | +€335 | |
| Financial charges | 65/66B | €815 | €305 | -€510 | -62.6% |
| Recurring financial charges | 65 | €815 | €305 | -€510 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €5,410 | €3,107 | -€2,303 | -42.6% |
| Income taxes | 67/77 | €1,871 | €1,204 | -€667 | -35.6% |
| Profit (loss) for the period | 9904 | €3,539 | €1,903 | -€1,636 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,539 | €1,903 | -€1,636 | -46.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.