Fine Work: 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.
Fine Work
Largest movements
- Receivables within one year -€22,135
down €22,135 (-51.8%), from €42,702 to €20,567
of which Trade receivables: -€19,330
- Stocks and contracts -€4,000
down €4,000 (-9.1%), from €44,000 to €40,000
- Tangible fixed assets -€973
down €973 (-13.1%), from €7,409 to €6,435
of which Furniture and vehicles: -€673
- Trade debts -€44,888
no longer reported in 2025 (was €44,888)
- Short-term financial debts +€21,398
up €21,398 (+266.2%), from €8,037 to €29,435
- Profit (loss) carried forward -€6,905
down €6,905 (-99.8%), from €6,918 to €13
- Accrued charges and deferred income +€3,149
up €3,149 (+1248.0%), from €252 to €3,402
- Financial charges +€1,945
up €1,945 (+169.0%), from €1,151 to €3,096
- Depreciation -€1,052
down €1,052 (-29.1%), from €3,616 to €2,565
- Gross operating margin -€304
down €304 (-27.9%), from €1,090 to €786
- Financial income -€276
down €276 (-96.0%), from €288 to €12
- Other operating charges -€30
down €30 (-1.5%), from €2,071 to €2,041
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 | €95,075 | €68,430 | -€26,646 | -28.0% |
| Fixed assets | 21/28 | €7,409 | €6,435 | -€973 | -13.1% |
| Tangible fixed assets | 22/27 | €7,409 | €6,435 | -€973 | -13.1% |
| Plant, machinery and equipment | 23 | €400 | €100 | -€300 | -75.0% |
| Furniture and vehicles | 24 | €7,008 | €6,335 | -€673 | -9.6% |
| Current assets | 29/58 | €87,666 | €61,994 | -€25,672 | -29.3% |
| Stocks and contracts in progress | 3 | €44,000 | €40,000 | -€4,000 | -9.1% |
| Contracts in progress | 37 | €44,000 | €40,000 | -€4,000 | -9.1% |
| Amounts receivable within one year | 40/41 | €42,702 | €20,567 | -€22,135 | -51.8% |
| Trade receivables | 40 | €34,097 | €14,768 | -€19,330 | -56.7% |
| Other amounts receivable | 41 | €8,604 | €5,799 | -€2,805 | -32.6% |
| Cash at bank and in hand | 54/58 | - | €600 | +€600 | |
| Deferred charges and accrued income | 490/1 | €965 | €827 | -€138 | -14.3% |
| Total equity and liabilities | 10/49 | €95,075 | €68,430 | -€26,646 | -28.0% |
| Equity | 10/15 | €41,897 | €34,993 | -€6,905 | -16.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,379 | €16,379 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,519 | €14,519 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,918 | €13 | -€6,905 | -99.8% |
| Amounts payable | 17/49 | €53,178 | €33,437 | -€19,741 | -37.1% |
| Amounts payable within one year | 42/48 | €52,926 | €30,035 | -€22,890 | -43.3% |
| Financial debts | 43 | €8,037 | €29,435 | +€21,398 | +266.2% |
| Credit institutions | 430/8 | €8,037 | €29,435 | +€21,398 | +266.2% |
| Trade debts | 44 | €44,888 | - | -€44,888 | |
| Suppliers | 440/4 | €44,888 | - | -€44,888 | |
| Other amounts payable | 47/48 | - | €600 | +€600 | |
| Accrued charges and deferred income | 492/3 | €252 | €3,402 | +€3,149 | +1248.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,616 | €2,565 | -€1,052 | -29.1% |
| Other operating charges | 640/8 | €2,071 | €2,041 | -€30 | -1.5% |
| Gross operating margin | 9900 | €1,090 | €786 | -€304 | -27.9% |
| Operating profit (loss) | 9901 | -€4,597 | -€3,820 | +€778 | +16.9% |
| Financial income | 75/76B | €288 | €12 | -€276 | -96.0% |
| Recurring financial income | 75 | €288 | €12 | -€276 | -96.0% |
| Financial charges | 65/66B | €1,151 | €3,096 | +€1,945 | +169.0% |
| Recurring financial charges | 65 | €1,151 | €3,096 | +€1,945 | +169.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,461 | -€6,905 | -€1,444 | -26.4% |
| Income taxes | 67/77 | -€28 | - | +€28 | |
| Profit (loss) for the period | 9904 | -€5,432 | -€6,905 | -€1,472 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,432 | -€6,905 | -€1,472 | -27.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.