BOOKS AT WORK: 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.
BOOKS AT WORK
Largest movements
- Receivables within one year -€46,217
down €46,217 (-44.6%), from €103,656 to €57,439
of which Other amounts receivable: -€23,930
- Cash -€4,097
down €4,097 (-49.8%), from €8,222 to €4,125
mainly Net result for the year (-€48,256) and Deferred charges and accrued income (-€2,782)
- Deferred charges and accrued income +€2,782
up €2,782 (+1,393%), from €200 to €2,982
- Profit (loss) carried forward -€34,414
new in 2025: -€34,414
- Reserves -€13,842
down €13,842 (-14.2%), from €97,175 to €83,333
of which Distributable reserves: -€13,842
- Trade debts +€2,826
up €2,826 (+251%), from €1,127 to €3,954
- Tax, wage and social debts -€2,102
down €2,102 (-40.6%), from €5,176 to €3,074
- Gross operating margin -€56,491
down €56,491, from €10,633 to -€45,858
- Taxes -€2,372
no longer reported in 2025 (was €2,372)
- Other operating charges +€1,538
up €1,538 (+290%), from €530 to €2,068
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 | €112,078 | €64,547 | -€47,532 | -42.4% |
| Current assets | 29/58 | €112,078 | €64,547 | -€47,532 | -42.4% |
| Amounts receivable within one year | 40/41 | €103,656 | €57,439 | -€46,217 | -44.6% |
| Trade receivables | 40 | €22,288 | - | -€22,288 | |
| Other amounts receivable | 41 | €81,369 | €57,439 | -€23,930 | -29.4% |
| Cash at bank and in hand | 54/58 | €8,222 | €4,125 | -€4,097 | -49.8% |
| Deferred charges and accrued income | 490/1 | €200 | €2,982 | +€2,782 | +1,393% |
| Total equity and liabilities | 10/49 | €112,078 | €64,547 | -€47,532 | -42.4% |
| Equity | 10/15 | €105,775 | €57,519 | -€48,256 | -45.6% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €97,175 | €83,333 | -€13,842 | -14.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €95,315 | €81,473 | -€13,842 | -14.5% |
| Profit (loss) carried forward | 14 | - | -€34,414 | -€34,414 | |
| Amounts payable | 17/49 | €6,303 | €7,027 | +€724 | +11.5% |
| Amounts payable within one year | 42/48 | €6,303 | €7,027 | +€724 | +11.5% |
| Trade debts | 44 | €1,127 | €3,954 | +€2,826 | +251% |
| Suppliers | 440/4 | €1,127 | €3,954 | +€2,826 | +251% |
| Taxes, remuneration and social security | 45 | €5,176 | €3,074 | -€2,102 | -40.6% |
| Taxes | 450/3 | €5,176 | €3,074 | -€2,102 | -40.6% |
| Other operating charges | 640/8 | €530 | €2,068 | +€1,538 | +290% |
| Gross operating margin | 9900 | €10,633 | -€45,858 | -€56,491 | |
| Operating profit (loss) | 9901 | €10,103 | -€47,926 | -€58,029 | |
| Financial charges | 65/66B | €148 | €330 | +€181 | +122% |
| Recurring financial charges | 65 | €148 | €330 | +€181 | +122% |
| Profit (loss) for the period before taxes | 9903 | €9,955 | -€48,256 | -€58,211 | |
| Income taxes | 67/77 | €2,372 | - | -€2,372 | |
| Profit (loss) for the period | 9904 | €7,583 | -€48,256 | -€55,839 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,583 | -€48,256 | -€55,839 |
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 1 November 2026 via checked.be.