LO 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.
LO WORKS
Largest movements
- Tangible fixed assets -€4,132
down €4,132 (-4.3%), from €95,903 to €91,771
- Receivables within one year +€4,020
up €4,020 (+194%), from €2,073 to €6,093
of which Trade receivables: +€4,423
- Profit (loss) carried forward +€2,665
up €2,665 (+9.0%), from €29,549 to €32,214
- Trade debts -€1,718
down €1,718 (-66.9%), from €2,567 to €849
- Gross operating margin -€1,430
down €1,430 (-12.6%), from €11,354 to €9,924
- Taxes -€405
down €405 (-29.5%), from €1,375 to €970
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,834 | €98,726 | -€108 | -0.1% |
| Fixed assets | 21/28 | €95,903 | €91,771 | -€4,132 | -4.3% |
| Tangible fixed assets | 22/27 | €95,903 | €91,771 | -€4,132 | -4.3% |
| Land and buildings | 22 | €95,903 | €91,771 | -€4,132 | -4.3% |
| Current assets | 29/58 | €2,931 | €6,955 | +€4,024 | +137% |
| Amounts receivable within one year | 40/41 | €2,073 | €6,093 | +€4,020 | +194% |
| Trade receivables | 40 | - | €4,423 | +€4,423 | |
| Other amounts receivable | 41 | €2,073 | €1,670 | -€403 | -19.4% |
| Cash at bank and in hand | 54/58 | €58 | €62 | +€4 | +6.9% |
| Deferred charges and accrued income | 490/1 | €800 | €800 | = | 0.0% |
| Total equity and liabilities | 10/49 | €98,834 | €98,726 | -€108 | -0.1% |
| Equity | 10/15 | €55,425 | €58,090 | +€2,665 | +4.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,376 | €23,376 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Legal reserve | 130 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €23,126 | €23,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,549 | €32,214 | +€2,665 | +9.0% |
| Amounts payable | 17/49 | €43,409 | €40,636 | -€2,773 | -6.4% |
| Amounts payable within one year | 42/48 | €43,409 | €40,636 | -€2,773 | -6.4% |
| Trade debts | 44 | €2,567 | €849 | -€1,718 | -66.9% |
| Suppliers | 440/4 | €2,567 | €849 | -€1,718 | -66.9% |
| Taxes, remuneration and social security | 45 | €1,375 | €970 | -€405 | -29.5% |
| Taxes | 450/3 | €1,375 | €970 | -€405 | -29.5% |
| Other amounts payable | 47/48 | €39,467 | €38,817 | -€650 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,131 | €4,132 | +€1 | 0.0% |
| Other operating charges | 640/8 | €2,029 | €2,095 | +€66 | +3.3% |
| Gross operating margin | 9900 | €11,354 | €9,924 | -€1,430 | -12.6% |
| Operating profit (loss) | 9901 | €5,194 | €3,697 | -€1,497 | -28.8% |
| Financial charges | 65/66B | €42 | €62 | +€20 | +47.6% |
| Recurring financial charges | 65 | €42 | €62 | +€20 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €5,152 | €3,635 | -€1,517 | -29.4% |
| Income taxes | 67/77 | €1,375 | €970 | -€405 | -29.5% |
| Profit (loss) for the period | 9904 | €3,777 | €2,665 | -€1,112 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,777 | €2,665 | -€1,112 | -29.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.