i-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.
i-Works
Largest movements
- Cash +€59,535
up €59,535 (+42.8%), from €139,049 to €198,583
mainly Net result for the year (+€55,737) and Depreciation (+€17,486)
- Tangible fixed assets -€17,164
down €17,164 (-39.7%), from €43,241 to €26,077
of which Furniture and vehicles: -€16,789
- Receivables within one year +€12,887
up €12,887 (+53.5%), from €24,077 to €36,964
of which Trade receivables: +€9,274
- Reserves +€55,737
up €55,737 (+36.9%), from €151,067 to €206,804
- Debts after one year -€16,617
down €16,617 (-71.5%), from €23,257 to €6,639
- Tax, wage and social debts +€16,385
up €16,385 (+143%), from €11,496 to €27,881
- Taxes +€6,389
up €6,389 (+29.7%), from €21,496 to €27,885
- Gross operating margin +€4,797
up €4,797 (+4.8%), from €99,530 to €104,327
- Depreciation -€2,828
down €2,828 (-13.9%), from €20,313 to €17,486
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 | €206,366 | €261,624 | +€55,258 | +26.8% |
| Fixed assets | 21/28 | €43,241 | €26,077 | -€17,164 | -39.7% |
| Tangible fixed assets | 22/27 | €43,241 | €26,077 | -€17,164 | -39.7% |
| Plant, machinery and equipment | 23 | €1,025 | €929 | -€96 | -9.4% |
| Furniture and vehicles | 24 | €40,150 | €23,361 | -€16,789 | -41.8% |
| Other tangible fixed assets | 26 | €2,066 | €1,787 | -€279 | -13.5% |
| Current assets | 29/58 | €163,125 | €235,547 | +€72,422 | +44.4% |
| Amounts receivable within one year | 40/41 | €24,077 | €36,964 | +€12,887 | +53.5% |
| Trade receivables | 40 | €10,261 | €19,535 | +€9,274 | +90.4% |
| Other amounts receivable | 41 | €13,815 | €17,429 | +€3,613 | +26.2% |
| Cash at bank and in hand | 54/58 | €139,049 | €198,583 | +€59,535 | +42.8% |
| Total equity and liabilities | 10/49 | €206,366 | €261,624 | +€55,258 | +26.8% |
| Equity | 10/15 | €153,567 | €209,304 | +€55,737 | +36.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €151,067 | €206,804 | +€55,737 | +36.9% |
| Distributable reserves | 133 | €151,067 | €206,804 | +€55,737 | +36.9% |
| Amounts payable | 17/49 | €52,799 | €52,320 | -€479 | -0.9% |
| Amounts payable after more than one year | 17 | €23,257 | €6,639 | -€16,617 | -71.5% |
| Financial debts | 170/4 | €23,257 | €6,639 | -€16,617 | -71.5% |
| Amounts payable within one year | 42/48 | €29,543 | €45,681 | +€16,138 | +54.6% |
| Current portion of amounts payable after more than one year | 42 | €17,086 | €16,617 | -€469 | -2.7% |
| Trade debts | 44 | €960 | €1,182 | +€222 | +23.1% |
| Suppliers | 440/4 | €960 | €1,182 | +€222 | +23.1% |
| Taxes, remuneration and social security | 45 | €11,496 | €27,881 | +€16,385 | +143% |
| Taxes | 450/3 | €11,496 | €27,881 | +€16,385 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,313 | €17,486 | -€2,828 | -13.9% |
| Other operating charges | 640/8 | €1,709 | €1,819 | +€110 | +6.4% |
| Gross operating margin | 9900 | €99,530 | €104,327 | +€4,797 | +4.8% |
| Operating profit (loss) | 9901 | €77,508 | €85,022 | +€7,514 | +9.7% |
| Financial charges | 65/66B | €2,075 | €1,400 | -€675 | -32.5% |
| Recurring financial charges | 65 | €2,075 | €1,400 | -€675 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €75,432 | €83,622 | +€8,189 | +10.9% |
| Income taxes | 67/77 | €21,496 | €27,885 | +€6,389 | +29.7% |
| Profit (loss) for the period | 9904 | €53,936 | €55,737 | +€1,801 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,936 | €55,737 | +€1,801 | +3.3% |
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 28 October 2026 via checked.be.