CWORKS: 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.
CWORKS
Largest movements
- Receivables within one year +€456,556
up €456,556 (+58.9%), from €774,640 to €1.2m
of which Other amounts receivable: +€448,437
- Stocks and contracts +€280,000
up €280,000 (+70.0%), from €400,000 to €680,000
- Cash -€80,912
down €80,912 (-86.0%), from €94,112 to €13,200
mainly Receivables within one year (-€456,556) and Stocks and contracts (-€280,000)
- Tangible fixed assets +€40,681
up €40,681 (+40.8%), from €99,734 to €140,415
of which Furniture and vehicles: +€44,920
- Tax, wage and social debts +€519,554
up €519,554 (+897%), from €57,905 to €577,459
of which Taxes: +€517,532
- Trade debts +€208,187
up €208,187 (+19.0%), from €1.1m to €1.3m
- Profit (loss) carried forward -€42,560
down €42,560 (-31.4%), from €135,453 to €92,893
- Accrued charges and deferred income +€40,131
new in 2025: €40,131
- Debts after one year -€23,993
down €23,993 (-47.7%), from €50,333 to €26,340
- Gross operating margin -€146,515
down €146,515 (-90.8%), from €161,356 to €14,841
- Depreciation +€25,417
up €25,417 (+107%), from €23,707 to €49,124
- Staff costs -€23,950
no longer reported in 2025 (was €23,950)
- Other operating charges -€11,352
down €11,352 (-62.2%), from €18,248 to €6,896
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 | €1,373,482 | €2,069,732 | +€696,250 | +50.7% |
| Formation expenses | 20 | - | €308 | +€308 | |
| Fixed assets | 21/28 | €104,179 | €144,478 | +€40,299 | +38.7% |
| Intangible fixed assets | 21 | €845 | €463 | -€382 | -45.2% |
| Tangible fixed assets | 22/27 | €99,734 | €140,415 | +€40,681 | +40.8% |
| Plant, machinery and equipment | 23 | €9,699 | €10,810 | +€1,111 | +11.5% |
| Furniture and vehicles | 24 | €44,536 | €89,456 | +€44,920 | +101% |
| Other tangible fixed assets | 26 | €45,499 | €40,148 | -€5,351 | -11.8% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €1,269,303 | €1,924,946 | +€655,644 | +51.7% |
| Stocks and contracts in progress | 3 | €400,000 | €680,000 | +€280,000 | +70.0% |
| Stocks | 30/36 | €400,000 | €680,000 | +€280,000 | +70.0% |
| Amounts receivable within one year | 40/41 | €774,640 | €1,231,196 | +€456,556 | +58.9% |
| Trade receivables | 40 | €774,640 | €782,759 | +€8,119 | +1.0% |
| Other amounts receivable | 41 | - | €448,437 | +€448,437 | |
| Cash at bank and in hand | 54/58 | €94,112 | €13,200 | -€80,912 | -86.0% |
| Deferred charges and accrued income | 490/1 | €551 | €551 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,373,482 | €2,069,732 | +€696,250 | +50.7% |
| Equity | 10/15 | €145,453 | €102,893 | -€42,560 | -29.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,453 | €92,893 | -€42,560 | -31.4% |
| Amounts payable | 17/49 | €1,228,029 | €1,966,839 | +€738,810 | +60.2% |
| Amounts payable after more than one year | 17 | €50,333 | €26,340 | -€23,993 | -47.7% |
| Financial debts | 170/4 | €50,333 | €26,340 | -€23,993 | -47.7% |
| Amounts payable within one year | 42/48 | €1,177,696 | €1,900,368 | +€722,672 | +61.4% |
| Current portion of amounts payable after more than one year | 42 | €20,242 | €15,173 | -€5,069 | -25.0% |
| Trade debts | 44 | €1,095,825 | €1,304,012 | +€208,187 | +19.0% |
| Suppliers | 440/4 | €1,095,825 | €1,304,012 | +€208,187 | +19.0% |
| Taxes, remuneration and social security | 45 | €57,905 | €577,459 | +€519,554 | +897% |
| Taxes | 450/3 | €29,194 | €546,726 | +€517,532 | +1,773% |
| Remuneration and social security | 454/9 | €28,711 | €30,733 | +€2,022 | +7.0% |
| Other amounts payable | 47/48 | €3,724 | €3,724 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €40,131 | +€40,131 | |
| Remuneration, social security and pensions | 62 | €23,950 | - | -€23,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,707 | €49,124 | +€25,417 | +107% |
| Other operating charges | 640/8 | €18,248 | €6,896 | -€11,352 | -62.2% |
| Gross operating margin | 9900 | €161,356 | €14,841 | -€146,515 | -90.8% |
| Operating profit (loss) | 9901 | €95,451 | -€41,179 | -€136,630 | |
| Financial income | 75/76B | €78 | €90 | +€13 | +16.5% |
| Recurring financial income | 75 | €78 | €90 | +€13 | +16.5% |
| Non-recurring financial income | 76B | €78 | - | -€78 | |
| Financial charges | 65/66B | €2,064 | €1,282 | -€782 | -37.9% |
| Recurring financial charges | 65 | €2,064 | €1,282 | -€782 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €93,464 | -€42,370 | -€135,835 | |
| Income taxes | 67/77 | - | €189 | +€189 | |
| Profit (loss) for the period | 9904 | €93,464 | -€42,560 | -€136,024 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,464 | -€42,560 | -€136,024 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.