GOOD WORX: 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.
GOOD WORX
Largest movements
- Cash -€14,347
down €14,347 (-36.7%), from €39,071 to €24,724
mainly Contributions, distributions and other (-€20,600) and Other debts (-€5,476)
- Receivables within one year -€4,507
down €4,507 (-8.8%), from €51,474 to €46,967
of which Trade receivables: -€7,170
- Tangible fixed assets -€3,071
down €3,071 (-45.2%), from €6,797 to €3,726
of which Furniture and vehicles: -€2,426
- Deferred charges and accrued income -€1,949
down €1,949 (-54.2%), from €3,593 to €1,645
- Reserves -€20,600
down €20,600 (-41.1%), from €50,100 to €29,500
- Other debts -€5,476
down €5,476 (-21.0%), from €26,076 to €20,600
- Profit (loss) carried forward +€1,343
new in 2025: €1,343
- Tax, wage and social debts +€1,279
up €1,279 (+14.9%), from €8,593 to €9,872
- Gross operating margin -€26,543
down €26,543 (-80.8%), from €32,832 to €6,289
- Taxes -€7,314
down €7,314 (-85.1%), from €8,593 to €1,279
- Depreciation -€1,073
down €1,073 (-25.9%), from €4,144 to €3,071
- Financial income -€628
down €628 (-87.1%), from €721 to €93
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 | €101,073 | €77,200 | -€23,873 | -23.6% |
| Fixed assets | 21/28 | €6,935 | €3,864 | -€3,071 | -44.3% |
| Tangible fixed assets | 22/27 | €6,797 | €3,726 | -€3,071 | -45.2% |
| Plant, machinery and equipment | 23 | €1,573 | €927 | -€645 | -41.0% |
| Furniture and vehicles | 24 | €5,224 | €2,799 | -€2,426 | -46.4% |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €94,138 | €73,335 | -€20,803 | -22.1% |
| Amounts receivable within one year | 40/41 | €51,474 | €46,967 | -€4,507 | -8.8% |
| Trade receivables | 40 | €43,046 | €35,876 | -€7,170 | -16.7% |
| Other amounts receivable | 41 | €8,428 | €11,091 | +€2,663 | +31.6% |
| Cash at bank and in hand | 54/58 | €39,071 | €24,724 | -€14,347 | -36.7% |
| Deferred charges and accrued income | 490/1 | €3,593 | €1,645 | -€1,949 | -54.2% |
| Total equity and liabilities | 10/49 | €101,073 | €77,200 | -€23,873 | -23.6% |
| Equity | 10/15 | €65,100 | €45,843 | -€19,257 | -29.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €50,100 | €29,500 | -€20,600 | -41.1% |
| Distributable reserves | 133 | €50,100 | €29,500 | -€20,600 | -41.1% |
| Profit (loss) carried forward | 14 | - | €1,343 | +€1,343 | |
| Amounts payable | 17/49 | €35,973 | €31,357 | -€4,617 | -12.8% |
| Amounts payable within one year | 42/48 | €35,973 | €31,357 | -€4,617 | -12.8% |
| Trade debts | 44 | €1,304 | €885 | -€419 | -32.1% |
| Suppliers | 440/4 | €1,304 | €885 | -€419 | -32.1% |
| Taxes, remuneration and social security | 45 | €8,593 | €9,872 | +€1,279 | +14.9% |
| Taxes | 450/3 | €8,593 | €9,872 | +€1,279 | +14.9% |
| Other amounts payable | 47/48 | €26,076 | €20,600 | -€5,476 | -21.0% |
| Non-recurring operating income | 76A | €723 | - | -€723 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,144 | €3,071 | -€1,073 | -25.9% |
| Other operating charges | 640/8 | €365 | €409 | +€44 | +12.0% |
| Gross operating margin | 9900 | €32,832 | €6,289 | -€26,543 | -80.8% |
| Operating profit (loss) | 9901 | €28,323 | €2,810 | -€25,513 | -90.1% |
| Financial income | 75/76B | €721 | €93 | -€628 | -87.1% |
| Recurring financial income | 75 | €721 | €93 | -€628 | -87.1% |
| Financial charges | 65/66B | €275 | €281 | +€6 | +2.2% |
| Recurring financial charges | 65 | €275 | €281 | +€6 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €28,769 | €2,622 | -€26,148 | -90.9% |
| Income taxes | 67/77 | €8,593 | €1,279 | -€7,314 | -85.1% |
| Profit (loss) for the period | 9904 | €20,176 | €1,343 | -€18,833 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,176 | €1,343 | -€18,833 | -93.3% |
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 20 October 2026 via checked.be.