EJ@work: 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.
EJ@work
Largest movements
- Tangible fixed assets -€15,634
down €15,634 (-9.9%), from €157,912 to €142,278
of which Leasing and similar rights: -€11,330
- Cash -€6,080
down €6,080 (-60.7%), from €10,024 to €3,943
mainly Debts after one year (-€17,214) and Net result for the year (-€13,783)
- Debts after one year -€17,214
down €17,214 (-24.3%), from €70,979 to €53,765
- Profit (loss) carried forward -€13,783
new in 2025: -€13,783
- Other debts +€11,843
up €11,843 (+67.2%), from €17,625 to €29,468
- Current portion of long-term debt -€1,723
down €1,723 (-9.1%), from €18,938 to €17,214
- Turnover -€25,409
down €25,409 (-46.9%), from €54,220 to €28,811
- Gross operating margin -€19,968
down €19,968 (-71.2%), from €28,030 to €8,062
- Purchases and services -€5,247
down €5,247 (-14.8%), from €35,559 to €30,312
- Taxes -€1,123
down €1,123 (-89.3%), from €1,257 to €134
- Depreciation -€793
down €793 (-4.8%), from €16,427 to €15,634
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 | €170,422 | €147,829 | -€22,593 | -13.3% |
| Fixed assets | 21/28 | €157,912 | €142,278 | -€15,634 | -9.9% |
| Tangible fixed assets | 22/27 | €157,912 | €142,278 | -€15,634 | -9.9% |
| Plant, machinery and equipment | 23 | €5,727 | €4,772 | -€955 | -16.7% |
| Furniture and vehicles | 24 | €439 | €9 | -€430 | -97.9% |
| Leasing and similar rights | 25 | €112,333 | €101,004 | -€11,330 | -10.1% |
| Other tangible fixed assets | 26 | €39,414 | €36,493 | -€2,920 | -7.4% |
| Current assets | 29/58 | €12,510 | €5,551 | -€6,959 | -55.6% |
| Amounts receivable within one year | 40/41 | €2,243 | €1,371 | -€872 | -38.9% |
| Other amounts receivable | 41 | €2,243 | €1,371 | -€872 | -38.9% |
| Cash at bank and in hand | 54/58 | €10,024 | €3,943 | -€6,080 | -60.7% |
| Deferred charges and accrued income | 490/1 | €243 | €236 | -€6 | -2.7% |
| Total equity and liabilities | 10/49 | €170,422 | €147,829 | -€22,593 | -13.3% |
| Equity | 10/15 | €59,313 | €45,530 | -€13,783 | -23.2% |
| Contributions | 10/11 | €19,408 | €19,408 | = | 0.0% |
| Reserves | 13 | €39,905 | €39,905 | = | 0.0% |
| Distributable reserves | 133 | €39,905 | €39,905 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€13,783 | -€13,783 | |
| Amounts payable | 17/49 | €111,109 | €102,299 | -€8,810 | -7.9% |
| Amounts payable after more than one year | 17 | €70,979 | €53,765 | -€17,214 | -24.3% |
| Financial debts | 170/4 | €70,979 | €53,765 | -€17,214 | -24.3% |
| Amounts payable within one year | 42/48 | €40,130 | €48,534 | +€8,404 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €18,938 | €17,214 | -€1,723 | -9.1% |
| Trade debts | 44 | €840 | €610 | -€230 | -27.4% |
| Suppliers | 440/4 | €840 | €610 | -€230 | -27.4% |
| Taxes, remuneration and social security | 45 | €2,727 | €1,242 | -€1,485 | -54.5% |
| Taxes | 450/3 | €2,727 | €1,242 | -€1,485 | -54.5% |
| Other amounts payable | 47/48 | €17,625 | €29,468 | +€11,843 | +67.2% |
| Turnover | 70 | €54,220 | €28,811 | -€25,409 | -46.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,559 | €30,312 | -€5,247 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,427 | €15,634 | -€793 | -4.8% |
| Other operating charges | 640/8 | €1,390 | €1,486 | +€96 | +6.9% |
| Gross operating margin | 9900 | €28,030 | €8,062 | -€19,968 | -71.2% |
| Operating profit (loss) | 9901 | €10,213 | -€9,058 | -€19,271 | |
| Financial charges | 65/66B | €5,215 | €4,591 | -€624 | -12.0% |
| Recurring financial charges | 65 | €5,215 | €4,591 | -€624 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €4,998 | -€13,649 | -€18,647 | |
| Income taxes | 67/77 | €1,257 | €134 | -€1,123 | -89.3% |
| Profit (loss) for the period | 9904 | €3,741 | -€13,783 | -€17,524 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,741 | -€13,783 | -€17,524 |
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 13 October 2026 via checked.be.