BELWORKX TEAM: 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.
BELWORKX TEAM
Largest movements
- Receivables within one year +€35,671
up €35,671 (+903%), from €3,952 to €39,623
of which Trade receivables: +€35,764
- Cash +€7,225
up €7,225 (+301%), from €2,401 to €9,627
mainly Trade debts (+€21,052) and Tax, wage and social debts (+€14,383)
- Trade debts +€21,052
new in 2025: €21,052
- Tax, wage and social debts +€14,383
up €14,383 (+846%), from €1,700 to €16,083
of which Remuneration and social security: +€11,637
- Reserves +€8,598
new in 2025: €8,598
- Other debts -€1,939
down €1,939 (-79.0%), from €2,456 to €517
- Profit (loss) carried forward +€803
up €803, from -€803 to €0
- Gross operating margin +€82,386
up €82,386, from -€385 to €82,000
- Staff costs +€69,372
new in 2025: €69,372
- Taxes +€2,354
new in 2025: €2,354
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 | €6,354 | €49,250 | +€42,896 | +675% |
| Current assets | 29/58 | €6,354 | €49,250 | +€42,896 | +675% |
| Amounts receivable within one year | 40/41 | €3,952 | €39,623 | +€35,671 | +903% |
| Trade receivables | 40 | €3,858 | €39,623 | +€35,764 | +927% |
| Other amounts receivable | 41 | €94 | €0 | -€94 | -100% |
| Cash at bank and in hand | 54/58 | €2,401 | €9,627 | +€7,225 | +301% |
| Total equity and liabilities | 10/49 | €6,354 | €49,250 | +€42,896 | +675% |
| Equity | 10/15 | €2,198 | €11,598 | +€9,401 | +428% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €8,598 | +€8,598 | |
| Distributable reserves | 133 | - | €8,598 | +€8,598 | |
| Profit (loss) carried forward | 14 | -€803 | €0 | +€803 | |
| Amounts payable | 17/49 | €4,156 | €37,651 | +€33,495 | +806% |
| Amounts payable within one year | 42/48 | €4,156 | €37,651 | +€33,495 | +806% |
| Trade debts | 44 | - | €21,052 | +€21,052 | |
| Suppliers | 440/4 | - | €21,052 | +€21,052 | |
| Taxes, remuneration and social security | 45 | €1,700 | €16,083 | +€14,383 | +846% |
| Taxes | 450/3 | - | €2,745 | +€2,745 | |
| Remuneration and social security | 454/9 | €1,700 | €13,337 | +€11,637 | +685% |
| Other amounts payable | 47/48 | €2,456 | €517 | -€1,939 | -79.0% |
| Remuneration, social security and pensions | 62 | - | €69,372 | +€69,372 | |
| Other operating charges | 640/8 | €387 | €681 | +€294 | +75.9% |
| Gross operating margin | 9900 | -€385 | €82,000 | +€82,386 | |
| Operating profit (loss) | 9901 | -€773 | €11,947 | +€12,720 | |
| Financial charges | 65/66B | €30 | €192 | +€162 | +540% |
| Recurring financial charges | 65 | €30 | €192 | +€162 | +540% |
| Profit (loss) for the period before taxes | 9903 | -€803 | €11,755 | +€12,558 | |
| Income taxes | 67/77 | - | €2,354 | +€2,354 | |
| Profit (loss) for the period | 9904 | -€803 | €9,401 | +€10,203 | |
| Profit (loss) for the period to be appropriated | 9905 | -€803 | €9,401 | +€10,203 |
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 15 October 2026 via checked.be.