Flanders@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.
Flanders@Work
Largest movements
- Receivables within one year +€1.7m
up €1.7m (+110.0%), from €1.6m to €3.3m
of which Trade receivables: +€1.7m
- Cash +€82,711
up €82,711 (+60.0%), from €137,843 to €220,554
mainly Tax, wage and social debts (+€880,630) and Short-term financial debts (+€850,000)
- Tax, wage and social debts +€880,630
up €880,630 (+90.0%), from €978,117 to €1.9m
of which Remuneration and social security: +€788,169
- Short-term financial debts +€850,000
up €850,000, from €0 to €850,000
- Contributions +€200,000
up €200,000 (+330.8%), from €60,460 to €260,460
- Trade debts -€171,926
down €171,926 (-91.4%), from €188,012 to €16,086
- Debts after one year -€114,079
down €114,079 (-16.7%), from €682,655 to €568,576
of which Other amounts payable: -€80,000
- Gross operating margin +€227,365
up €227,365 (+38.7%), from €586,912 to €814,277
- Staff costs +€65,145
up €65,145 (+13.2%), from €493,965 to €559,110
- Taxes +€36,306
up €36,306 (+244.0%), from €14,882 to €51,188
- Financial income -€30,570
down €30,570 (-100.0%), from €30,571 to €0
- Other operating charges +€16,683
up €16,683 (+298.7%), from €5,585 to €22,268
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 | €2,202,563 | €4,038,486 | +€1.8m | +83.4% |
| Fixed assets | 21/28 | €419,214 | €403,947 | -€15,266 | -3.6% |
| Intangible fixed assets | 21 | €2,414 | €1,462 | -€952 | -39.4% |
| Tangible fixed assets | 22/27 | €398,133 | €382,877 | -€15,256 | -3.8% |
| Land and buildings | 22 | €354,743 | €350,061 | -€4,682 | -1.3% |
| Furniture and vehicles | 24 | €43,390 | €32,817 | -€10,573 | -24.4% |
| Financial fixed assets | 28 | €18,667 | €19,608 | +€941 | +5.0% |
| Current assets | 29/58 | €1,783,349 | €3,634,539 | +€1.9m | +103.8% |
| Amounts receivable within one year | 40/41 | €1,589,799 | €3,337,979 | +€1.7m | +110.0% |
| Trade receivables | 40 | €1,583,383 | €3,305,082 | +€1.7m | +108.7% |
| Other amounts receivable | 41 | €6,416 | €32,897 | +€26,481 | +412.7% |
| Cash at bank and in hand | 54/58 | €137,843 | €220,554 | +€82,711 | +60.0% |
| Deferred charges and accrued income | 490/1 | €55,707 | €76,006 | +€20,299 | +36.4% |
| Total equity and liabilities | 10/49 | €2,202,563 | €4,038,486 | +€1.8m | +83.4% |
| Equity | 10/15 | €219,243 | €508,817 | +€289,574 | +132.1% |
| Contributions | 10/11 | €60,460 | €260,460 | +€200,000 | +330.8% |
| Profit (loss) carried forward | 14 | €158,783 | €248,357 | +€89,574 | +56.4% |
| Amounts payable | 17/49 | €1,983,320 | €3,529,669 | +€1.5m | +78.0% |
| Amounts payable after more than one year | 17 | €682,655 | €568,576 | -€114,079 | -16.7% |
| Financial debts | 170/4 | €307,655 | €273,576 | -€34,079 | -11.1% |
| Other amounts payable | 178/9 | €375,000 | €295,000 | -€80,000 | -21.3% |
| Amounts payable within one year | 42/48 | €1,292,481 | €2,851,430 | +€1.6m | +120.6% |
| Current portion of amounts payable after more than one year | 42 | €124,054 | €125,281 | +€1,228 | +1.0% |
| Financial debts | 43 | €0 | €850,000 | +€850,000 | |
| Other loans | 439 | €0 | €850,000 | +€850,000 | |
| Trade debts | 44 | €188,012 | €16,086 | -€171,926 | -91.4% |
| Suppliers | 440/4 | €188,012 | €16,086 | -€171,926 | -91.4% |
| Taxes, remuneration and social security | 45 | €978,117 | €1,858,747 | +€880,630 | +90.0% |
| Taxes | 450/3 | €173,900 | €266,361 | +€92,461 | +53.2% |
| Remuneration and social security | 454/9 | €804,217 | €1,592,386 | +€788,169 | +98.0% |
| Other amounts payable | 47/48 | €2,299 | €1,315 | -€984 | -42.8% |
| Accrued charges and deferred income | 492/3 | €8,183 | €109,663 | +€101,480 | +1240.1% |
| Remuneration, social security and pensions | 62 | €493,965 | €559,110 | +€65,145 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,683 | €30,941 | +€8,258 | +36.4% |
| Other operating charges | 640/8 | €5,585 | €22,268 | +€16,683 | +298.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €586,912 | €814,277 | +€227,365 | +38.7% |
| Operating profit (loss) | 9901 | €64,679 | €201,958 | +€137,280 | +212.2% |
| Financial income | 75/76B | €30,571 | €0 | -€30,570 | -100.0% |
| Recurring financial income | 75 | €30,571 | €0 | -€30,570 | -100.0% |
| Financial charges | 65/66B | €62,739 | €61,197 | -€1,543 | -2.5% |
| Recurring financial charges | 65 | €62,739 | €61,197 | -€1,543 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €32,510 | €140,762 | +€108,252 | +333.0% |
| Income taxes | 67/77 | €14,882 | €51,188 | +€36,306 | +244.0% |
| Profit (loss) for the period | 9904 | €17,628 | €89,574 | +€71,946 | +408.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,628 | €89,574 | +€71,946 | +408.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.