K-AWORKX: what changed
K-AWORKX
Largest movements
- Receivables within one year +€18,139
up €18,139 (+176%), from €10,298 to €28,437
of which Trade receivables: +€14,423
- Tangible fixed assets +€11,459
up €11,459 (+20.3%), from €56,431 to €67,890
of which Furniture and vehicles: +€20,664
- Cash -€5,225
no longer reported in 2025 (was €5,225)
mainly Investment in fixed assets (net) (-€26,004) and Receivables within one year (-€18,139)
- Stocks and contracts +€2,441
up €2,441 (+355%), from €688 to €3,130
- Short-term financial debts +€13,035
up €13,035, from €0 to €13,035
- Reserves +€5,224
up €5,224 (+38.6%), from €13,526 to €18,750
- Debts after one year +€3,782
up €3,782 (+9.7%), from €38,822 to €42,605
- Current portion of long-term debt +€3,002
up €3,002 (+23.5%), from €12,792 to €15,794
- Trade debts +€1,508
up €1,508 (+45.3%), from €3,330 to €4,838
- Depreciation +€11,805
up €11,805 (+431%), from €2,740 to €14,544
- Other operating charges -€3,115
down €3,115 (-54.5%), from €5,713 to €2,598
- Gross operating margin +€2,426
up €2,426 (+9.7%), from €25,037 to €27,463
- Financial charges +€1,970
up €1,970 (+270%), from €729 to €2,699
- Taxes -€1,252
down €1,252 (-29.1%), from €4,303 to €3,051
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,800 | €99,656 | +€25,855 | +35.0% |
| Fixed assets | 21/28 | €56,431 | €67,890 | +€11,459 | +20.3% |
| Tangible fixed assets | 22/27 | €56,431 | €67,890 | +€11,459 | +20.3% |
| Plant, machinery and equipment | 23 | €2,887 | €4,423 | +€1,536 | +53.2% |
| Furniture and vehicles | 24 | €1,990 | €22,654 | +€20,664 | +1,038% |
| Leasing and similar rights | 25 | €51,554 | €40,814 | -€10,740 | -20.8% |
| Current assets | 29/58 | €17,370 | €31,766 | +€14,396 | +82.9% |
| Stocks and contracts in progress | 3 | €688 | €3,130 | +€2,441 | +355% |
| Stocks | 30/36 | €688 | €3,130 | +€2,441 | +355% |
| Amounts receivable within one year | 40/41 | €10,298 | €28,437 | +€18,139 | +176% |
| Trade receivables | 40 | €8,800 | €23,223 | +€14,423 | +164% |
| Other amounts receivable | 41 | €1,499 | €5,214 | +€3,716 | +248% |
| Cash at bank and in hand | 54/58 | €5,225 | - | -€5,225 | |
| Deferred charges and accrued income | 490/1 | €1,158 | €199 | -€958 | -82.8% |
| Total equity and liabilities | 10/49 | €73,800 | €99,656 | +€25,855 | +35.0% |
| Equity | 10/15 | €13,726 | €18,950 | +€5,224 | +38.1% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €13,526 | €18,750 | +€5,224 | +38.6% |
| Distributable reserves | 133 | €13,526 | €18,750 | +€5,224 | +38.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €60,074 | €80,705 | +€20,631 | +34.3% |
| Amounts payable after more than one year | 17 | €38,822 | €42,605 | +€3,782 | +9.7% |
| Financial debts | 170/4 | €38,822 | €42,605 | +€3,782 | +9.7% |
| Amounts payable within one year | 42/48 | €21,252 | €38,077 | +€16,826 | +79.2% |
| Current portion of amounts payable after more than one year | 42 | €12,792 | €15,794 | +€3,002 | +23.5% |
| Financial debts | 43 | €0 | €13,035 | +€13,035 | |
| Credit institutions | 430/8 | €0 | €13,035 | +€13,035 | |
| Trade debts | 44 | €3,330 | €4,838 | +€1,508 | +45.3% |
| Suppliers | 440/4 | €3,330 | €4,838 | +€1,508 | +45.3% |
| Taxes, remuneration and social security | 45 | €4,056 | €4,410 | +€355 | +8.7% |
| Taxes | 450/3 | €4,056 | €4,410 | +€355 | +8.7% |
| Other amounts payable | 47/48 | €1,075 | - | -€1,075 | |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,740 | €14,544 | +€11,805 | +431% |
| Other operating charges | 640/8 | €5,713 | €2,598 | -€3,115 | -54.5% |
| Gross operating margin | 9900 | €25,037 | €27,463 | +€2,426 | +9.7% |
| Operating profit (loss) | 9901 | €16,583 | €10,320 | -€6,263 | -37.8% |
| Financial income | 75/76B | €44 | €654 | +€610 | +1,378% |
| Recurring financial income | 75 | €44 | €654 | +€610 | +1,378% |
| Financial charges | 65/66B | €729 | €2,699 | +€1,970 | +270% |
| Recurring financial charges | 65 | €729 | €2,699 | +€1,970 | +270% |
| Profit (loss) for the period before taxes | 9903 | €15,899 | €8,275 | -€7,623 | -48.0% |
| Income taxes | 67/77 | €4,303 | €3,051 | -€1,252 | -29.1% |
| Profit (loss) for the period | 9904 | €11,596 | €5,224 | -€6,372 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,596 | €5,224 | -€6,372 | -54.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.