CP 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.
CP WORKS
Largest movements
- Cash -€36,510
down €36,510 (-78.0%), from €46,803 to €10,294
mainly Net result for the year (-€17,106) and Receivables within one year (-€14,774)
- Receivables within one year +€14,774
up €14,774 (+20.1%), from €73,419 to €88,193
of which Other amounts receivable: +€17,536
- Profit (loss) carried forward -€17,106
down €17,106 (-5.8%), from €293,211 to €276,105
- Trade debts -€6,717
down €6,717 (-41.5%), from €16,173 to €9,455
- Gross operating margin -€156,455
down €156,455, from €154,949 to -€1,506
- Taxes -€59,926
down €59,926 (-99.8%), from €60,058 to €132
- Depreciation +€2,933
up €2,933 (+33.5%), from €8,757 to €11,690
- Other operating charges -€1,704
down €1,704 (-25.2%), from €6,752 to €5,048
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 | €438,393 | €412,481 | -€25,912 | -5.9% |
| Fixed assets | 21/28 | €317,095 | €313,922 | -€3,173 | -1.0% |
| Tangible fixed assets | 22/27 | €307,439 | €304,265 | -€3,173 | -1.0% |
| Land and buildings | 22 | €307,068 | €298,984 | -€8,084 | -2.6% |
| Plant, machinery and equipment | 23 | €371 | €383 | +€13 | +3.4% |
| Furniture and vehicles | 24 | - | €4,898 | +€4,898 | |
| Financial fixed assets | 28 | €9,656 | €9,656 | = | 0.0% |
| Current assets | 29/58 | €121,298 | €98,559 | -€22,739 | -18.7% |
| Amounts receivable within one year | 40/41 | €73,419 | €88,193 | +€14,774 | +20.1% |
| Trade receivables | 40 | €22,957 | €20,196 | -€2,762 | -12.0% |
| Other amounts receivable | 41 | €50,462 | €67,997 | +€17,536 | +34.8% |
| Cash at bank and in hand | 54/58 | €46,803 | €10,294 | -€36,510 | -78.0% |
| Deferred charges and accrued income | 490/1 | €1,075 | €73 | -€1,003 | -93.2% |
| Total equity and liabilities | 10/49 | €438,393 | €412,481 | -€25,912 | -5.9% |
| Equity | 10/15 | €408,659 | €391,554 | -€17,106 | -4.2% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €83,223 | €83,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €83,223 | €83,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | €293,211 | €276,105 | -€17,106 | -5.8% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €29,733 | €20,927 | -€8,806 | -29.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €29,733 | €20,927 | -€8,806 | -29.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €16,173 | €9,455 | -€6,717 | -41.5% |
| Suppliers | 440/4 | €16,173 | €9,455 | -€6,717 | -41.5% |
| Advances received on contracts in progress | 46 | €305 | €305 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,256 | €11,167 | -€2,089 | -15.8% |
| Taxes | 450/3 | €13,256 | €11,167 | -€2,089 | -15.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,757 | €11,690 | +€2,933 | +33.5% |
| Other operating charges | 640/8 | €6,752 | €5,048 | -€1,704 | -25.2% |
| Gross operating margin | 9900 | €154,949 | -€1,506 | -€156,455 | |
| Operating profit (loss) | 9901 | €139,441 | -€18,244 | -€157,685 | |
| Financial income | 75/76B | €4,447 | €2,968 | -€1,479 | -33.3% |
| Recurring financial income | 75 | €4,447 | €2,968 | -€1,479 | -33.3% |
| Financial charges | 65/66B | €2,605 | €1,697 | -€908 | -34.9% |
| Recurring financial charges | 65 | €2,605 | €1,697 | -€908 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €141,283 | -€16,974 | -€158,256 | |
| Transfer from deferred taxes | 780 | €25,558 | €0 | -€25,558 | -100% |
| Income taxes | 67/77 | €60,058 | €132 | -€59,926 | -99.8% |
| Profit (loss) for the period | 9904 | €106,784 | -€17,106 | -€123,889 | |
| Transfer from tax-exempt reserves | 789 | €49,636 | €0 | -€49,636 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €156,419 | -€17,106 | -€173,525 |
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 28 October 2026 via checked.be.