INSIGHTS@WORK: what changed
Two fiscal 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.
INSIGHTS@WORK
Largest movements
- Financial fixed assets -€40,500
down €40,500 (-98.8%), from €41,000 to €500
- Tangible fixed assets -€19,295
down €19,295 (-30.0%), from €64,303 to €45,008
of which Furniture and vehicles: -€17,313
- Receivables within one year +€18,546
up €18,546 (+257.3%), from €7,207 to €25,752
of which Trade receivables: +€16,411
- Cash -€6,159
down €6,159 (-24.7%), from €24,986 to €18,827
mainly Receivables within one year (-€18,546) and Net result for the year (-€11,969)
- Current investments +€6,000
up €6,000 (+20.3%), from €29,500 to €35,499
- Profit (loss) carried forward -€11,969
down €11,969, from €0 to -€11,969
- Current portion of long-term debt -€10,970
down €10,970 (-57.1%), from €19,221 to €8,251
- Debts after one year -€8,251
down €8,251 (-49.6%), from €16,632 to €8,381
- Other debts -€5,751
down €5,751 (-95.8%), from €6,000 to €250
- Tax, wage and social debts +€2,520
up €2,520 (+32.5%), from €7,758 to €10,278
of which Remuneration and social security: +€3,551
- Financial charges +€39,981
up €39,981 (+865.5%), from €4,620 to €44,600
of which Non-recurring financial charges: +€40,500
- Depreciation -€9,213
down €9,213 (-46.1%), from €19,981 to €10,767
- Gross operating margin -€8,720
down €8,720 (-16.2%), from €53,927 to €45,207
- Taxes -€5,980
down €5,980 (-96.7%), from €6,181 to €201
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.
Cash bridge derived
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 | €168,697 | €132,924 | -€35,773 | -21.2% |
| Fixed assets | 21/28 | €105,303 | €45,508 | -€59,795 | -56.8% |
| Tangible fixed assets | 22/27 | €64,303 | €45,008 | -€19,295 | -30.0% |
| Land and buildings | 22 | €9,330 | €14,703 | +€5,373 | +57.6% |
| Plant, machinery and equipment | 23 | €35,837 | €28,832 | -€7,006 | -19.5% |
| Furniture and vehicles | 24 | €17,313 | €0 | -€17,313 | -100.0% |
| Other tangible fixed assets | 26 | €1,822 | €1,473 | -€349 | -19.2% |
| Financial fixed assets | 28 | €41,000 | €500 | -€40,500 | -98.8% |
| Current assets | 29/58 | €63,394 | €87,417 | +€24,022 | +37.9% |
| Amounts receivable within one year | 40/41 | €7,207 | €25,752 | +€18,546 | +257.3% |
| Trade receivables | 40 | €4,517 | €20,928 | +€16,411 | +363.3% |
| Other amounts receivable | 41 | €2,689 | €4,824 | +€2,134 | +79.4% |
| Current investments | 50/53 | €29,500 | €35,499 | +€6,000 | +20.3% |
| Cash at bank and in hand | 54/58 | €24,986 | €18,827 | -€6,159 | -24.7% |
| Deferred charges and accrued income | 490/1 | €1,702 | €7,338 | +€5,636 | +331.1% |
| Total equity and liabilities | 10/49 | €168,697 | €132,924 | -€35,773 | -21.2% |
| Equity | 10/15 | €113,372 | €101,403 | -€11,969 | -10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,772 | €94,772 | = | 0.0% |
| Distributable reserves | 133 | €94,772 | €94,772 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€11,969 | -€11,969 | |
| Amounts payable | 17/49 | €55,325 | €31,522 | -€23,804 | -43.0% |
| Amounts payable after more than one year | 17 | €16,632 | €8,381 | -€8,251 | -49.6% |
| Financial debts | 170/4 | €16,632 | €8,381 | -€8,251 | -49.6% |
| Amounts payable within one year | 42/48 | €34,055 | €20,804 | -€13,251 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €19,221 | €8,251 | -€10,970 | -57.1% |
| Financial debts | 43 | €835 | €0 | -€835 | -100.0% |
| Credit institutions | 430/8 | €835 | €0 | -€835 | -100.0% |
| Trade debts | 44 | €241 | €2,026 | +€1,784 | +739.5% |
| Suppliers | 440/4 | €241 | €2,026 | +€1,784 | +739.5% |
| Taxes, remuneration and social security | 45 | €7,758 | €10,278 | +€2,520 | +32.5% |
| Taxes | 450/3 | €7,758 | €6,727 | -€1,031 | -13.3% |
| Remuneration and social security | 454/9 | - | €3,551 | +€3,551 | |
| Other amounts payable | 47/48 | €6,000 | €250 | -€5,751 | -95.8% |
| Accrued charges and deferred income | 492/3 | €4,638 | €2,336 | -€2,302 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,981 | €10,767 | -€9,213 | -46.1% |
| Other operating charges | 640/8 | €639 | €591 | -€48 | -7.6% |
| Non-recurring operating charges | 66A | - | €1,023 | +€1,023 | |
| Gross operating margin | 9900 | €53,927 | €45,207 | -€8,720 | -16.2% |
| Operating profit (loss) | 9901 | €33,307 | €32,826 | -€481 | -1.4% |
| Financial income | 75/76B | €3 | €7 | +€4 | +132.3% |
| Recurring financial income | 75 | €3 | €7 | +€4 | +132.3% |
| Financial charges | 65/66B | €4,620 | €44,600 | +€39,981 | +865.5% |
| Recurring financial charges | 65 | €4,620 | €4,100 | -€519 | -11.2% |
| Non-recurring financial charges | 66B | - | €40,500 | +€40,500 | |
| Profit (loss) for the period before taxes | 9903 | €28,691 | -€11,768 | -€40,458 | |
| Income taxes | 67/77 | €6,181 | €201 | -€5,980 | -96.7% |
| Profit (loss) for the period | 9904 | €22,509 | -€11,969 | -€34,478 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,509 | -€11,969 | -€34,478 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.