General 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.
General WORKS
Largest movements
- Receivables within one year +€17,108
up €17,108 (+17.6%), from €97,399 to €114,507
of which Trade receivables: +€28,976
- Tangible fixed assets -€8,052
down €8,052 (-17.3%), from €46,527 to €38,475
of which Furniture and vehicles: -€7,158
- Cash -€5,578
down €5,578 (-92.2%), from €6,047 to €469
mainly Receivables within one year (-€17,108) and Investment in fixed assets (net) (-€12,528)
- Trade debts +€6,093
up €6,093 (+105%), from €5,822 to €11,915
- Debts after one year -€5,898
down €5,898 (-29.2%), from €20,215 to €14,317
- Taxes +€8,273
new in 2025: €8,273
- Staff costs +€4,929
up €4,929 (+37.1%), from €13,270 to €18,199
- Depreciation +€3,327
up €3,327 (+19.3%), from €17,253 to €20,580
- Gross operating margin +€1,789
up €1,789 (+3.1%), from €58,494 to €60,283
- Financial charges +€1,546
up €1,546 (+48.3%), from €3,204 to €4,750
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 | €150,158 | €153,636 | +€3,478 | +2.3% |
| Fixed assets | 21/28 | €46,712 | €38,660 | -€8,052 | -17.2% |
| Tangible fixed assets | 22/27 | €46,527 | €38,475 | -€8,052 | -17.3% |
| Plant, machinery and equipment | 23 | €6,558 | €5,664 | -€894 | -13.6% |
| Furniture and vehicles | 24 | €39,969 | €32,811 | -€7,158 | -17.9% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €103,446 | €114,976 | +€11,530 | +11.1% |
| Amounts receivable within one year | 40/41 | €97,399 | €114,507 | +€17,108 | +17.6% |
| Trade receivables | 40 | €62,803 | €91,779 | +€28,976 | +46.1% |
| Other amounts receivable | 41 | €34,596 | €22,728 | -€11,868 | -34.3% |
| Cash at bank and in hand | 54/58 | €6,047 | €469 | -€5,578 | -92.2% |
| Total equity and liabilities | 10/49 | €150,158 | €153,636 | +€3,478 | +2.3% |
| Equity | 10/15 | €113,595 | €114,550 | +€955 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,135 | €94,090 | +€955 | +1.0% |
| Amounts payable | 17/49 | €36,563 | €39,086 | +€2,523 | +6.9% |
| Amounts payable after more than one year | 17 | €20,215 | €14,317 | -€5,898 | -29.2% |
| Financial debts | 170/4 | €20,215 | €14,317 | -€5,898 | -29.2% |
| Amounts payable within one year | 42/48 | €16,348 | €24,769 | +€8,421 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €4,573 | €5,897 | +€1,324 | +29.0% |
| Trade debts | 44 | €5,822 | €11,915 | +€6,093 | +105% |
| Suppliers | 440/4 | €5,822 | €11,915 | +€6,093 | +105% |
| Taxes, remuneration and social security | 45 | €5,953 | €6,957 | +€1,004 | +16.9% |
| Remuneration and social security | 454/9 | €5,953 | €6,957 | +€1,004 | +16.9% |
| Remuneration, social security and pensions | 62 | €13,270 | €18,199 | +€4,929 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,253 | €20,580 | +€3,327 | +19.3% |
| Other operating charges | 640/8 | €8,667 | €7,580 | -€1,087 | -12.5% |
| Non-recurring operating charges | 66A | €13,513 | €62 | -€13,451 | -99.5% |
| Gross operating margin | 9900 | €58,494 | €60,283 | +€1,789 | +3.1% |
| Operating profit (loss) | 9901 | €5,791 | €13,862 | +€8,071 | +139% |
| Financial income | 75/76B | €1 | €116 | +€115 | +11,500% |
| Recurring financial income | 75 | €1 | €116 | +€115 | +11,500% |
| Financial charges | 65/66B | €3,204 | €4,750 | +€1,546 | +48.3% |
| Recurring financial charges | 65 | €3,204 | €4,750 | +€1,546 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €2,588 | €9,228 | +€6,640 | +257% |
| Income taxes | 67/77 | - | €8,273 | +€8,273 | |
| Profit (loss) for the period | 9904 | €2,588 | €955 | -€1,633 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,588 | €955 | -€1,633 | -63.1% |
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 14 October 2026 via checked.be.