CITE WOK: what changed
Two fiscal 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.
CITE WOK
Largest movements
- Receivables within one year +€162,466
up €162,466 (+81.8%), from €198,582 to €361,048
of which Trade receivables: +€88,780
- Cash -€15,510
down €15,510 (-5.2%), from €298,504 to €282,994
mainly Receivables within one year (-€162,466) and Debts after one year (-€21,969)
- Tangible fixed assets -€7,959
down €7,959 (-32.5%), from €24,471 to €16,512
of which Other tangible fixed assets: -€8,041
- Profit (loss) carried forward +€114,735
up €114,735 (+96.1%), from €119,441 to €234,176
- Trade debts +€23,605
up €23,605 (+57.8%), from €40,838 to €64,444
- Other debts +€23,458
up €23,458 (+199.0%), from €11,791 to €35,249
- Debts after one year -€21,969
down €21,969 (-22.2%), from €98,972 to €77,003
- Gross operating margin +€48,823
up €48,823 (+15.4%), from €316,318 to €365,141
- Staff costs +€24,948
up €24,948 (+15.4%), from €161,859 to €186,807
- Financial charges -€6,383
down €6,383 (-54.7%), from €11,674 to €5,291
- Taxes +€5,763
up €5,763 (+14.7%), from €39,222 to €44,985
- Financial income -€5,639
down €5,639 (-70.3%), from €8,017 to €2,377
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.
Cash bridge derived
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 | €539,044 | €681,488 | +€142,443 | +26.4% |
| Fixed assets | 21/28 | €34,911 | €26,952 | -€7,959 | -22.8% |
| Tangible fixed assets | 22/27 | €24,471 | €16,512 | -€7,959 | -32.5% |
| Plant, machinery and equipment | 23 | €7,086 | €6,878 | -€208 | -2.9% |
| Furniture and vehicles | 24 | €1,303 | €1,593 | +€290 | +22.3% |
| Other tangible fixed assets | 26 | €16,082 | €8,041 | -€8,041 | -50.0% |
| Financial fixed assets | 28 | €10,440 | €10,440 | = | 0.0% |
| Current assets | 29/58 | €504,133 | €654,536 | +€150,402 | +29.8% |
| Stocks and contracts in progress | 3 | €5,377 | €5,101 | -€277 | -5.1% |
| Stocks | 30/36 | €5,377 | €5,101 | -€277 | -5.1% |
| Amounts receivable within one year | 40/41 | €198,582 | €361,048 | +€162,466 | +81.8% |
| Trade receivables | 40 | €13,574 | €102,354 | +€88,780 | +654.0% |
| Other amounts receivable | 41 | €185,008 | €258,693 | +€73,685 | +39.8% |
| Cash at bank and in hand | 54/58 | €298,504 | €282,994 | -€15,510 | -5.2% |
| Deferred charges and accrued income | 490/1 | €1,670 | €5,393 | +€3,723 | +222.9% |
| Total equity and liabilities | 10/49 | €539,044 | €681,488 | +€142,443 | +26.4% |
| Equity | 10/15 | €230,341 | €345,076 | +€114,735 | +49.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €85,900 | €85,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €83,400 | €83,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,441 | €234,176 | +€114,735 | +96.1% |
| Amounts payable | 17/49 | €308,703 | €336,411 | +€27,708 | +9.0% |
| Amounts payable after more than one year | 17 | €98,972 | €77,003 | -€21,969 | -22.2% |
| Financial debts | 170/4 | €98,972 | €77,003 | -€21,969 | -22.2% |
| Amounts payable within one year | 42/48 | €209,731 | €259,408 | +€49,677 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €21,467 | €21,969 | +€501 | +2.3% |
| Trade debts | 44 | €40,838 | €64,444 | +€23,605 | +57.8% |
| Suppliers | 440/4 | €40,838 | €64,444 | +€23,605 | +57.8% |
| Taxes, remuneration and social security | 45 | €135,635 | €137,747 | +€2,112 | +1.6% |
| Taxes | 450/3 | €102,983 | €104,779 | +€1,796 | +1.7% |
| Remuneration and social security | 454/9 | €32,652 | €32,968 | +€316 | +1.0% |
| Other amounts payable | 47/48 | €11,791 | €35,249 | +€23,458 | +199.0% |
| Remuneration, social security and pensions | 62 | €161,859 | €186,807 | +€24,948 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,290 | €11,103 | +€1,813 | +19.5% |
| Other operating charges | 640/8 | €1,604 | €4,597 | +€2,993 | +186.6% |
| Gross operating margin | 9900 | €316,318 | €365,141 | +€48,823 | +15.4% |
| Operating profit (loss) | 9901 | €143,565 | €162,634 | +€19,069 | +13.3% |
| Financial income | 75/76B | €8,017 | €2,377 | -€5,639 | -70.3% |
| Recurring financial income | 75 | €8,017 | €2,377 | -€5,639 | -70.3% |
| Financial charges | 65/66B | €11,674 | €5,291 | -€6,383 | -54.7% |
| Recurring financial charges | 65 | €11,674 | €5,291 | -€6,383 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €139,908 | €159,720 | +€19,813 | +14.2% |
| Income taxes | 67/77 | €39,222 | €44,985 | +€5,763 | +14.7% |
| Profit (loss) for the period | 9904 | €100,686 | €114,735 | +€14,050 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,686 | €114,735 | +€14,050 | +14.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.