COWORKS: 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.
COWORKS
Largest movements
- Cash -€27,300
down €27,300 (-24.5%), from €111,525 to €84,225
mainly Contributions, distributions and other (-€99,270) and Receivables within one year (-€26,371)
- Receivables within one year +€26,371
up €26,371 (+12.4%), from €212,363 to €238,735
of which Trade receivables: +€13,472
- Reserves -€58,205
down €58,205 (-11.9%), from €488,845 to €430,640
- Other debts +€45,613
up €45,613 (+92.3%), from €49,395 to €95,008
- Accrued charges and deferred income +€15,626
up €15,626 (+41.0%), from €38,112 to €53,739
- Tax, wage and social debts -€13,133
down €13,133 (-65.9%), from €19,914 to €6,782
- Trade debts +€9,852
up €9,852 (+22.4%), from €44,046 to €53,898
- Gross operating margin -€74,898
down €74,898 (-27.8%), from €269,475 to €194,576
- Taxes -€25,135
down €25,135 (-59.5%), from €42,248 to €17,114
- Staff costs +€6,390
up €6,390 (+4.5%), from €143,137 to €149,527
- Financial charges -€4,274
down €4,274 (-95.6%), from €4,471 to €196
of which Non-recurring financial charges: -€3,413
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 | €640,312 | €640,066 | -€246 | 0.0% |
| Fixed assets | 21/28 | €4,758 | €1,592 | -€3,167 | -66.6% |
| Intangible fixed assets | 21 | €1,053 | €24 | -€1,029 | -97.7% |
| Tangible fixed assets | 22/27 | €3,705 | €1,567 | -€2,138 | -57.7% |
| Plant, machinery and equipment | 23 | €2,289 | €566 | -€1,723 | -75.3% |
| Furniture and vehicles | 24 | €1,416 | €1,002 | -€415 | -29.3% |
| Current assets | 29/58 | €635,554 | €638,474 | +€2,921 | +0.5% |
| Amounts receivable within one year | 40/41 | €212,363 | €238,735 | +€26,371 | +12.4% |
| Trade receivables | 40 | €42,837 | €56,309 | +€13,472 | +31.4% |
| Other amounts receivable | 41 | €169,526 | €182,425 | +€12,900 | +7.6% |
| Current investments | 50/53 | €311,666 | €311,666 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €111,525 | €84,225 | -€27,300 | -24.5% |
| Deferred charges and accrued income | 490/1 | - | €3,849 | +€3,849 | |
| Total equity and liabilities | 10/49 | €640,312 | €640,066 | -€246 | 0.0% |
| Equity | 10/15 | €488,845 | €430,640 | -€58,205 | -11.9% |
| Reserves | 13 | €488,845 | €430,640 | -€58,205 | -11.9% |
| Distributable reserves | 133 | €488,845 | €430,640 | -€58,205 | -11.9% |
| Amounts payable | 17/49 | €151,467 | €209,426 | +€57,959 | +38.3% |
| Amounts payable within one year | 42/48 | €113,355 | €155,687 | +€42,332 | +37.3% |
| Trade debts | 44 | €44,046 | €53,898 | +€9,852 | +22.4% |
| Suppliers | 440/4 | €44,046 | €53,898 | +€9,852 | +22.4% |
| Taxes, remuneration and social security | 45 | €19,914 | €6,782 | -€13,133 | -65.9% |
| Taxes | 450/3 | €19,914 | €6,782 | -€13,133 | -65.9% |
| Other amounts payable | 47/48 | €49,395 | €95,008 | +€45,613 | +92.3% |
| Accrued charges and deferred income | 492/3 | €38,112 | €53,739 | +€15,626 | +41.0% |
| Remuneration, social security and pensions | 62 | €143,137 | €149,527 | +€6,390 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,807 | €3,167 | -€640 | -16.8% |
| Other operating charges | 640/8 | €241 | €128 | -€113 | -46.9% |
| Gross operating margin | 9900 | €269,475 | €194,576 | -€74,898 | -27.8% |
| Operating profit (loss) | 9901 | €122,290 | €41,755 | -€80,535 | -65.9% |
| Financial income | 75/76B | €19,234 | €16,621 | -€2,613 | -13.6% |
| Recurring financial income | 75 | €19,234 | €16,621 | -€2,613 | -13.6% |
| Financial charges | 65/66B | €4,471 | €196 | -€4,274 | -95.6% |
| Recurring financial charges | 65 | €1,058 | €196 | -€862 | -81.5% |
| Non-recurring financial charges | 66B | €3,413 | - | -€3,413 | |
| Profit (loss) for the period before taxes | 9903 | €137,053 | €58,179 | -€78,874 | -57.6% |
| Income taxes | 67/77 | €42,248 | €17,114 | -€25,135 | -59.5% |
| Profit (loss) for the period | 9904 | €94,805 | €41,065 | -€53,739 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,805 | €41,065 | -€53,739 | -56.7% |
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 11 October 2026 via checked.be.