Just 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.
Just Works
Largest movements
- Tangible fixed assets -€5,979
down €5,979 (-18.3%), from €32,627 to €26,649
of which Furniture and vehicles: -€6,496
- Cash -€5,309
down €5,309 (-19.1%), from €27,809 to €22,500
mainly Contributions, distributions and other (-€47,000) and Investment in fixed assets (net) (-€2,896)
- Reserves -€27,208
down €27,208 (-32.5%), from €83,711 to €56,503
of which Distributable reserves: -€27,208
- Tax, wage and social debts +€12,755
up €12,755 (+203%), from €6,296 to €19,051
of which Taxes: +€12,975
- Trade debts +€4,768
new in 2025: €4,768
- Current portion of long-term debt -€1,968
down €1,968 (-67.3%), from €2,925 to €958
- Gross operating margin -€3,795
down €3,795 (-8.3%), from €45,534 to €41,739
- Depreciation -€1,555
down €1,555 (-14.7%), from €10,570 to €9,014
- Financial charges +€1,286
up €1,286 (+41.8%), from €3,080 to €4,366
of which Financial charges: +€1,798
- Financial income +€1,162
up €1,162 (+94.3%), from €1,233 to €2,396
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 | €111,525 | €99,872 | -€11,653 | -10.4% |
| Fixed assets | 21/28 | €32,767 | €26,649 | -€6,119 | -18.7% |
| Tangible fixed assets | 22/27 | €32,627 | €26,649 | -€5,979 | -18.3% |
| Land and buildings | 22 | €16,388 | €14,180 | -€2,208 | -13.5% |
| Plant, machinery and equipment | 23 | €1,324 | €4,049 | +€2,725 | +206% |
| Furniture and vehicles | 24 | €14,915 | €8,420 | -€6,496 | -43.6% |
| Financial fixed assets | 28 | €140 | - | -€140 | |
| Current assets | 29/58 | €78,758 | €73,224 | -€5,534 | -7.0% |
| Amounts receivable within one year | 40/41 | €50,949 | €50,723 | -€225 | -0.4% |
| Trade receivables | 40 | €19,116 | €34,717 | +€15,602 | +81.6% |
| Other amounts receivable | 41 | €31,833 | €16,006 | -€15,827 | -49.7% |
| Cash at bank and in hand | 54/58 | €27,809 | €22,500 | -€5,309 | -19.1% |
| Total equity and liabilities | 10/49 | €111,525 | €99,872 | -€11,653 | -10.4% |
| Equity | 10/15 | €102,303 | €75,095 | -€27,208 | -26.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €83,711 | €56,503 | -€27,208 | -32.5% |
| Tax-exempt reserves | 132 | €2,051 | €2,051 | = | 0.0% |
| Distributable reserves | 133 | €81,661 | €54,452 | -€27,208 | -33.3% |
| Amounts payable | 17/49 | €9,222 | €24,777 | +€15,555 | +169% |
| Amounts payable within one year | 42/48 | €9,222 | €24,777 | +€15,555 | +169% |
| Current portion of amounts payable after more than one year | 42 | €2,925 | €958 | -€1,968 | -67.3% |
| Trade debts | 44 | - | €4,768 | +€4,768 | |
| Suppliers | 440/4 | - | €4,768 | +€4,768 | |
| Taxes, remuneration and social security | 45 | €6,296 | €19,051 | +€12,755 | +203% |
| Taxes | 450/3 | €6,076 | €19,051 | +€12,975 | +214% |
| Remuneration and social security | 454/9 | €220 | - | -€220 | |
| Non-recurring operating income | 76A | €8,596 | - | -€8,596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,570 | €9,014 | -€1,555 | -14.7% |
| Other operating charges | 640/8 | €2,209 | €2,570 | +€361 | +16.3% |
| Gross operating margin | 9900 | €45,534 | €41,739 | -€3,795 | -8.3% |
| Operating profit (loss) | 9901 | €32,755 | €30,155 | -€2,600 | -7.9% |
| Financial income | 75/76B | €1,233 | €2,396 | +€1,162 | +94.3% |
| Recurring financial income | 75 | €1,233 | €2,396 | +€1,162 | +94.3% |
| Financial charges | 65/66B | €3,080 | €4,366 | +€1,286 | +41.8% |
| Recurring financial charges | 65 | €2,568 | €4,366 | +€1,798 | +70.0% |
| Non-recurring financial charges | 66B | €512 | - | -€512 | |
| Profit (loss) for the period before taxes | 9903 | €30,909 | €28,184 | -€2,724 | -8.8% |
| Income taxes | 67/77 | €8,834 | €8,393 | -€441 | -5.0% |
| Profit (loss) for the period | 9904 | €22,075 | €19,792 | -€2,283 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,075 | €19,792 | -€2,283 | -10.3% |
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 26 October 2026 via checked.be.