C-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.
C-WORKS
Largest movements
- Tangible fixed assets +€3,507
up €3,507 (+962%), from €364 to €3,871
- Receivables within one year -€2,122
down €2,122 (-12.3%), from €17,207 to €15,086
of which Trade receivables: -€1,737
- Other debts +€19,326
up €19,326 (+109%), from €17,729 to €37,055
- Trade debts -€17,357
down €17,357 (-50.2%), from €34,593 to €17,236
- Tax, wage and social debts -€2,825
down €2,825 (-27.8%), from €10,154 to €7,329
- Profit (loss) carried forward +€1,713
up €1,713 (+1.8%), from -€93,773 to -€92,060
- Short-term financial debts +€296
up €296 (+1.0%), from €30,230 to €30,526
- Gross operating margin -€9,465
down €9,465 (-41.7%), from €22,721 to €13,256
- Taxes -€1,348
down €1,348 (-51.7%), from €2,606 to €1,258
- Depreciation +€997
up €997 (+285%), from €350 to €1,347
- Financial charges -€429
down €429 (-6.5%), from €6,645 to €6,216
- Other operating charges +€336
up €336 (+14.1%), from €2,386 to €2,722
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 | €19,380 | €20,533 | +€1,153 | +5.9% |
| Fixed assets | 21/28 | €522 | €4,029 | +€3,507 | +671% |
| Tangible fixed assets | 22/27 | €364 | €3,871 | +€3,507 | +962% |
| Furniture and vehicles | 24 | €364 | €3,871 | +€3,507 | +962% |
| Financial fixed assets | 28 | €158 | €158 | = | 0.0% |
| Current assets | 29/58 | €18,858 | €16,504 | -€2,354 | -12.5% |
| Amounts receivable within one year | 40/41 | €17,207 | €15,086 | -€2,122 | -12.3% |
| Trade receivables | 40 | €16,577 | €14,840 | -€1,737 | -10.5% |
| Other amounts receivable | 41 | €631 | €246 | -€385 | -61.0% |
| Cash at bank and in hand | 54/58 | €355 | €209 | -€146 | -41.2% |
| Deferred charges and accrued income | 490/1 | €1,295 | €1,210 | -€86 | -6.6% |
| Total equity and liabilities | 10/49 | €19,380 | €20,533 | +€1,153 | +5.9% |
| Equity | 10/15 | -€73,326 | -€71,613 | +€1,713 | +2.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,897 | €1,897 | = | 0.0% |
| Non-distributable reserves | 130/1 | €111 | €111 | = | 0.0% |
| Reserves not available under the articles | 1311 | €111 | €111 | = | 0.0% |
| Distributable reserves | 133 | €1,786 | €1,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,773 | -€92,060 | +€1,713 | +1.8% |
| Amounts payable | 17/49 | €92,706 | €92,146 | -€560 | -0.6% |
| Amounts payable within one year | 42/48 | €92,706 | €92,146 | -€560 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €30,230 | €30,526 | +€296 | +1.0% |
| Credit institutions | 430/8 | €30,230 | €30,526 | +€296 | +1.0% |
| Trade debts | 44 | €34,593 | €17,236 | -€17,357 | -50.2% |
| Suppliers | 440/4 | €34,593 | €17,236 | -€17,357 | -50.2% |
| Taxes, remuneration and social security | 45 | €10,154 | €7,329 | -€2,825 | -27.8% |
| Taxes | 450/3 | €10,154 | €7,329 | -€2,825 | -27.8% |
| Other amounts payable | 47/48 | €17,729 | €37,055 | +€19,326 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €1,347 | +€997 | +285% |
| Other operating charges | 640/8 | €2,386 | €2,722 | +€336 | +14.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €22,721 | €13,256 | -€9,465 | -41.7% |
| Operating profit (loss) | 9901 | €19,985 | €9,186 | -€10,799 | -54.0% |
| Financial income | 75/76B | €7 | €1 | -€6 | -82.7% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -82.7% |
| Financial charges | 65/66B | €6,645 | €6,216 | -€429 | -6.5% |
| Recurring financial charges | 65 | €6,645 | €6,216 | -€429 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €13,347 | €2,971 | -€10,376 | -77.7% |
| Income taxes | 67/77 | €2,606 | €1,258 | -€1,348 | -51.7% |
| Profit (loss) for the period | 9904 | €10,741 | €1,713 | -€9,028 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,741 | €1,713 | -€9,028 | -84.1% |
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 18 October 2026 via checked.be.