HEALTH2WORK: 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.
HEALTH2WORK
Largest movements
- Stocks and contracts +€52,363
up €52,363 (+22.2%), from €236,081 to €288,444
- Deferred charges and accrued income -€17,361
down €17,361 (-84.7%), from €20,500 to €3,139
- Tangible fixed assets -€15,807
down €15,807 (-24.6%), from €64,141 to €48,334
- Cash +€8,052
up €8,052 (+74.8%), from €10,772 to €18,825
mainly Net result for the year (+€40,910) and Other debts (+€40,910)
- Receivables within one year -€7,756
down €7,756 (-3.1%), from €251,871 to €244,115
of which Trade receivables: -€10,566
- Other debts +€40,910
new in 2025: €40,910
- Trade debts -€34,598
down €34,598 (-12.8%), from €270,814 to €236,215
- Tax, wage and social debts +€22,675
up €22,675 (+18.6%), from €121,785 to €144,460
of which Taxes: +€17,647
- Advances received -€11,635
down €11,635 (-35.6%), from €32,692 to €21,057
- Gross operating margin +€109,922
up €109,922 (+33.8%), from €325,308 to €435,231
- Staff costs +€29,880
up €29,880 (+9.2%), from €325,042 to €354,922
- Taxes +€16,727
up €16,727 (+3,752%), from €446 to €17,173
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 | €588,219 | €606,669 | +€18,451 | +3.1% |
| Fixed assets | 21/28 | €68,995 | €52,147 | -€16,848 | -24.4% |
| Intangible fixed assets | 21 | €4,853 | €3,812 | -€1,041 | -21.5% |
| Tangible fixed assets | 22/27 | €64,141 | €48,334 | -€15,807 | -24.6% |
| Plant, machinery and equipment | 23 | €6,348 | €5,577 | -€771 | -12.1% |
| Furniture and vehicles | 24 | €12,007 | €4,199 | -€7,809 | -65.0% |
| Other tangible fixed assets | 26 | €45,786 | €38,559 | -€7,227 | -15.8% |
| Current assets | 29/58 | €519,224 | €554,523 | +€35,299 | +6.8% |
| Stocks and contracts in progress | 3 | €236,081 | €288,444 | +€52,363 | +22.2% |
| Stocks | 30/36 | €236,081 | €288,444 | +€52,363 | +22.2% |
| Amounts receivable within one year | 40/41 | €251,871 | €244,115 | -€7,756 | -3.1% |
| Trade receivables | 40 | €251,626 | €241,060 | -€10,566 | -4.2% |
| Other amounts receivable | 41 | €245 | €3,055 | +€2,811 | +1,150% |
| Cash at bank and in hand | 54/58 | €10,772 | €18,825 | +€8,052 | +74.8% |
| Deferred charges and accrued income | 490/1 | €20,500 | €3,139 | -€17,361 | -84.7% |
| Total equity and liabilities | 10/49 | €588,219 | €606,669 | +€18,451 | +3.1% |
| Equity | 10/15 | €134,398 | €134,398 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €115,848 | €115,848 | = | 0.0% |
| Distributable reserves | 133 | €115,848 | €115,848 | = | 0.0% |
| Amounts payable | 17/49 | €453,821 | €472,271 | +€18,451 | +4.1% |
| Amounts payable after more than one year | 17 | €27,744 | €28,813 | +€1,069 | +3.9% |
| Other amounts payable | 178/9 | €27,744 | €28,813 | +€1,069 | +3.9% |
| Amounts payable within one year | 42/48 | €425,291 | €442,642 | +€17,351 | +4.1% |
| Trade debts | 44 | €270,814 | €236,215 | -€34,598 | -12.8% |
| Suppliers | 440/4 | €270,814 | €236,215 | -€34,598 | -12.8% |
| Advances received on contracts in progress | 46 | €32,692 | €21,057 | -€11,635 | -35.6% |
| Taxes, remuneration and social security | 45 | €121,785 | €144,460 | +€22,675 | +18.6% |
| Taxes | 450/3 | €71,479 | €89,126 | +€17,647 | +24.7% |
| Remuneration and social security | 454/9 | €50,306 | €55,334 | +€5,028 | +10.0% |
| Other amounts payable | 47/48 | - | €40,910 | +€40,910 | |
| Accrued charges and deferred income | 492/3 | €786 | €816 | +€30 | +3.9% |
| Remuneration, social security and pensions | 62 | €325,042 | €354,922 | +€29,880 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,029 | €16,848 | -€4,180 | -19.9% |
| Other operating charges | 640/8 | €1,472 | €2,097 | +€625 | +42.5% |
| Gross operating margin | 9900 | €325,308 | €435,231 | +€109,922 | +33.8% |
| Operating profit (loss) | 9901 | -€22,234 | €61,363 | +€83,597 | |
| Financial income | 75/76B | €311 | - | -€311 | |
| Recurring financial income | 75 | €311 | - | -€311 | |
| Financial charges | 65/66B | €922 | €3,281 | +€2,359 | +256% |
| Recurring financial charges | 65 | €922 | €3,281 | +€2,359 | +256% |
| Profit (loss) for the period before taxes | 9903 | -€22,845 | €58,082 | +€80,928 | |
| Income taxes | 67/77 | €446 | €17,173 | +€16,727 | +3,752% |
| Profit (loss) for the period | 9904 | -€23,291 | €40,910 | +€64,201 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,291 | €40,910 | +€64,201 |
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 21 October 2026 via checked.be.