LS 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.
LS WORKS
Largest movements
- Tangible fixed assets -€9,202
down €9,202 (-17.7%), from €51,887 to €42,686
- Receivables within one year -€5,643
down €5,643 (-38.6%), from €14,617 to €8,974
of which Trade receivables: -€3,643
- Cash +€5,368
up €5,368 (+142%), from €3,772 to €9,140
mainly Other debts (+€11,161) and Depreciation (+€9,202)
- Debts after one year -€13,991
down €13,991 (-35.3%), from €39,683 to €25,692
- Other debts +€11,161
up €11,161 (+14.4%), from €77,732 to €88,893
- Profit (loss) carried forward -€4,812
down €4,812 (-6.9%), from -€69,682 to -€74,494
- Trade debts -€2,305
down €2,305 (-96.2%), from €2,395 to €90
- Gross operating margin -€4,760
down €4,760 (-42.1%), from €11,299 to €6,539
- Financial charges -€438
down €438 (-19.5%), from €2,244 to €1,807
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 | €70,458 | €60,992 | -€9,466 | -13.4% |
| Fixed assets | 21/28 | €51,887 | €42,686 | -€9,202 | -17.7% |
| Tangible fixed assets | 22/27 | €51,887 | €42,686 | -€9,202 | -17.7% |
| Land and buildings | 22 | €51,887 | €42,686 | -€9,202 | -17.7% |
| Current assets | 29/58 | €18,571 | €18,306 | -€265 | -1.4% |
| Amounts receivable within one year | 40/41 | €14,617 | €8,974 | -€5,643 | -38.6% |
| Trade receivables | 40 | €11,512 | €7,869 | -€3,643 | -31.6% |
| Other amounts receivable | 41 | €3,105 | €1,105 | -€2,000 | -64.4% |
| Cash at bank and in hand | 54/58 | €3,772 | €9,140 | +€5,368 | +142% |
| Deferred charges and accrued income | 490/1 | €182 | €192 | +€10 | +5.7% |
| Total equity and liabilities | 10/49 | €70,458 | €60,992 | -€9,466 | -13.4% |
| Equity | 10/15 | -€62,862 | -€67,674 | -€4,812 | -7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,682 | -€74,494 | -€4,812 | -6.9% |
| Amounts payable | 17/49 | €133,320 | €128,666 | -€4,654 | -3.5% |
| Amounts payable after more than one year | 17 | €39,683 | €25,692 | -€13,991 | -35.3% |
| Financial debts | 170/4 | €39,683 | €25,692 | -€13,991 | -35.3% |
| Amounts payable within one year | 42/48 | €93,637 | €102,974 | +€9,337 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €13,511 | €13,991 | +€481 | +3.6% |
| Trade debts | 44 | €2,395 | €90 | -€2,305 | -96.2% |
| Suppliers | 440/4 | €2,395 | €90 | -€2,305 | -96.2% |
| Other amounts payable | 47/48 | €77,732 | €88,893 | +€11,161 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,202 | €9,202 | = | 0.0% |
| Non-recurring operating charges | 66A | - | €343 | +€343 | |
| Gross operating margin | 9900 | €11,299 | €6,539 | -€4,760 | -42.1% |
| Operating profit (loss) | 9901 | €2,098 | -€3,005 | -€5,103 | |
| Financial charges | 65/66B | €2,244 | €1,807 | -€438 | -19.5% |
| Recurring financial charges | 65 | €2,244 | €1,807 | -€438 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€147 | -€4,812 | -€4,665 | -3,179% |
| Profit (loss) for the period | 9904 | -€147 | -€4,812 | -€4,665 | -3,179% |
| Profit (loss) for the period to be appropriated | 9905 | -€147 | -€4,812 | -€4,665 | -3,179% |
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 20 October 2026 via checked.be.