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 -€96,678
down €96,678 (-56.0%), from €172,611 to €75,933
mainly Contributions, distributions and other (-€162,808) and Receivables within one year (-€46,895)
- Receivables within one year +€46,895
up €46,895 (+1,340%), from €3,500 to €50,395
of which Other amounts receivable: +€46,696
- Current investments +€29,841
up €29,841 (+5.0%), from €594,371 to €624,212
- Reserves -€33,852
down €33,852 (-5.0%), from €678,672 to €644,820
of which Distributable reserves: -€97,002
- Trade debts +€8,937
up €8,937 (+56.3%), from €15,880 to €24,818
- Financial income -€75,681
down €75,681 (-88.4%), from €85,588 to €9,906
- Taxes -€48,089
down €48,089 (-63.1%), from €76,153 to €28,064
- Gross operating margin -€31,913
down €31,913 (-13.1%), from €243,943 to €212,030
- Staff costs -€2,817
down €2,817 (-4.4%), from €63,558 to €60,741
- Financial charges -€2,749
down €2,749 (-91.7%), from €2,997 to €248
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 | €804,076 | €781,089 | -€22,987 | -2.9% |
| Fixed assets | 21/28 | €31,501 | €27,828 | -€3,673 | -11.7% |
| Tangible fixed assets | 22/27 | €16,461 | €12,788 | -€3,673 | -22.3% |
| Land and buildings | 22 | €8,153 | €7,782 | -€371 | -4.5% |
| Plant, machinery and equipment | 23 | €1,501 | €1,243 | -€258 | -17.2% |
| Furniture and vehicles | 24 | €6,807 | €3,763 | -€3,045 | -44.7% |
| Financial fixed assets | 28 | €15,040 | €15,040 | = | 0.0% |
| Current assets | 29/58 | €772,575 | €753,261 | -€19,314 | -2.5% |
| Amounts receivable within one year | 40/41 | €3,500 | €50,395 | +€46,895 | +1,340% |
| Trade receivables | 40 | €3,488 | €3,688 | +€200 | +5.7% |
| Other amounts receivable | 41 | €12 | €46,707 | +€46,696 | +404,992% |
| Current investments | 50/53 | €594,371 | €624,212 | +€29,841 | +5.0% |
| Cash at bank and in hand | 54/58 | €172,611 | €75,933 | -€96,678 | -56.0% |
| Deferred charges and accrued income | 490/1 | €2,093 | €2,720 | +€627 | +30.0% |
| Total equity and liabilities | 10/49 | €804,076 | €781,089 | -€22,987 | -2.9% |
| Equity | 10/15 | €697,222 | €663,370 | -€33,852 | -4.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €678,672 | €644,820 | -€33,852 | -5.0% |
| Tax-exempt reserves | 132 | €15,000 | €78,150 | +€63,150 | +421% |
| Distributable reserves | 133 | €663,672 | €566,670 | -€97,002 | -14.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €106,854 | €117,718 | +€10,865 | +10.2% |
| Amounts payable within one year | 42/48 | €106,854 | €117,718 | +€10,865 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €15,880 | €24,818 | +€8,937 | +56.3% |
| Suppliers | 440/4 | €15,880 | €24,818 | +€8,937 | +56.3% |
| Taxes, remuneration and social security | 45 | €78,466 | €77,901 | -€565 | -0.7% |
| Taxes | 450/3 | €62,832 | €66,089 | +€3,257 | +5.2% |
| Remuneration and social security | 454/9 | €15,633 | €11,811 | -€3,822 | -24.4% |
| Other amounts payable | 47/48 | €12,508 | €15,000 | +€2,492 | +19.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €63,558 | €60,741 | -€2,817 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,673 | €3,673 | +€0 | 0.0% |
| Other operating charges | 640/8 | €249 | €255 | +€6 | +2.5% |
| Non-recurring operating charges | 66A | €207 | €0 | -€207 | -100% |
| Gross operating margin | 9900 | €243,943 | €212,030 | -€31,913 | -13.1% |
| Operating profit (loss) | 9901 | €176,256 | €147,361 | -€28,895 | -16.4% |
| Financial income | 75/76B | €85,588 | €9,906 | -€75,681 | -88.4% |
| Recurring financial income | 75 | €85,588 | €9,906 | -€75,681 | -88.4% |
| Financial charges | 65/66B | €2,997 | €248 | -€2,749 | -91.7% |
| Recurring financial charges | 65 | €2,997 | €248 | -€2,749 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €258,847 | €157,020 | -€101,827 | -39.3% |
| Income taxes | 67/77 | €76,153 | €28,064 | -€48,089 | -63.1% |
| Profit (loss) for the period | 9904 | €182,694 | €128,956 | -€53,738 | -29.4% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €182,694 | €65,806 | -€116,888 | -64.0% |
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 16 October 2026 via checked.be.