BST-WORKS: 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.
BST-WORKS
Largest movements
- Receivables within one year +€8,853
up €8,853 (+209%), from €4,230 to €13,083
of which Trade receivables: +€6,316
- Tangible fixed assets -€1,546
down €1,546 (-25.7%), from €6,012 to €4,466
of which Plant, machinery and equipment: -€1,031
- Cash -€312
down €312 (-10.8%), from €2,902 to €2,590
mainly Receivables within one year (-€8,853) and Net result for the year (-€5,990)
- Trade debts +€10,155
up €10,155 (+1,789%), from €568 to €10,723
- Profit (loss) carried forward -€5,990
down €5,990, from €4,039 to -€1,952
- Other debts +€2,749
up €2,749 (+50.5%), from €5,443 to €8,192
- Gross operating margin -€15,881
down €15,881, from €12,617 to -€3,264
- Taxes -€2,317
no longer reported in 2025 (was €2,317)
- Depreciation +€284
up €284 (+22.5%), from €1,262 to €1,546
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 | €13,866 | €20,781 | +€6,914 | +49.9% |
| Fixed assets | 21/28 | €6,412 | €4,866 | -€1,546 | -24.1% |
| Tangible fixed assets | 22/27 | €6,012 | €4,466 | -€1,546 | -25.7% |
| Land and buildings | 22 | €3,834 | €3,438 | -€396 | -10.3% |
| Plant, machinery and equipment | 23 | €2,059 | €1,028 | -€1,031 | -50.1% |
| Furniture and vehicles | 24 | €119 | - | -€119 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €7,454 | €15,915 | +€8,460 | +113% |
| Stocks and contracts in progress | 3 | €319 | €229 | -€90 | -28.3% |
| Stocks | 30/36 | €319 | €229 | -€90 | -28.3% |
| Amounts receivable within one year | 40/41 | €4,230 | €13,083 | +€8,853 | +209% |
| Trade receivables | 40 | €3,144 | €9,460 | +€6,316 | +201% |
| Other amounts receivable | 41 | €1,086 | €3,623 | +€2,537 | +234% |
| Cash at bank and in hand | 54/58 | €2,902 | €2,590 | -€312 | -10.8% |
| Deferred charges and accrued income | 490/1 | €4 | €13 | +€10 | +243% |
| Total equity and liabilities | 10/49 | €13,866 | €20,781 | +€6,914 | +49.9% |
| Equity | 10/15 | €6,539 | €548 | -€5,990 | -91.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,039 | -€1,952 | -€5,990 | |
| Amounts payable | 17/49 | €7,328 | €20,233 | +€12,905 | +176% |
| Amounts payable within one year | 42/48 | €7,328 | €20,233 | +€12,905 | +176% |
| Trade debts | 44 | €568 | €10,723 | +€10,155 | +1,789% |
| Suppliers | 440/4 | €568 | €10,723 | +€10,155 | +1,789% |
| Taxes, remuneration and social security | 45 | €1,317 | €1,317 | = | 0.0% |
| Taxes | 450/3 | €1,317 | €1,317 | = | 0.0% |
| Other amounts payable | 47/48 | €5,443 | €8,192 | +€2,749 | +50.5% |
| Remuneration, social security and pensions | 62 | €432 | €463 | +€31 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,262 | €1,546 | +€284 | +22.5% |
| Other operating charges | 640/8 | €556 | €456 | -€100 | -18.0% |
| Gross operating margin | 9900 | €12,617 | -€3,264 | -€15,881 | |
| Operating profit (loss) | 9901 | €10,367 | -€5,729 | -€16,096 | |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €295 | €280 | -€15 | -5.0% |
| Recurring financial charges | 65 | €295 | €280 | -€15 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €10,073 | -€5,990 | -€16,063 | |
| Income taxes | 67/77 | €2,317 | - | -€2,317 | |
| Profit (loss) for the period | 9904 | €7,756 | -€5,990 | -€13,746 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,756 | -€5,990 | -€13,746 |
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 25 October 2026 via checked.be.