NAME AT 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.
NAME AT WORK
Largest movements
- Tangible fixed assets -€73,551
down €73,551 (-9.6%), from €766,113 to €692,562
of which Plant, machinery and equipment: -€50,321
- Receivables within one year +€41,490
up €41,490 (+92.9%), from €44,659 to €86,150
of which Trade receivables: +€21,317
- Cash -€28,999
down €28,999 (-58.5%), from €49,598 to €20,599
mainly Debts after one year (-€52,990) and Receivables within one year (-€41,490)
- Intangible fixed assets +€20,530
up €20,530 (+814.7%), from €2,520 to €23,050
- Debts after one year -€52,990
down €52,990 (-10.2%), from €519,918 to €466,929
- Trade debts +€16,055
up €16,055 (+39.4%), from €40,759 to €56,815
- Other debts -€9,789
down €9,789 (-96.7%), from €10,127 to €338
- Taxes -€31,546
down €31,546, from €18,082 to -€13,464
- Gross operating margin -€26,127
down €26,127 (-10.5%), from €248,204 to €222,078
- Depreciation +€6,471
up €6,471 (+9.0%), from €71,555 to €78,026
- Financial income -€3,202
down €3,202 (-39.3%), from €8,154 to €4,952
of which Non-recurring financial income: -€3,784
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 | €940,676 | €900,438 | -€40,238 | -4.3% |
| Fixed assets | 21/28 | €768,683 | €715,662 | -€53,021 | -6.9% |
| Intangible fixed assets | 21 | €2,520 | €23,050 | +€20,530 | +814.7% |
| Tangible fixed assets | 22/27 | €766,113 | €692,562 | -€73,551 | -9.6% |
| Land and buildings | 22 | €489,828 | €473,946 | -€15,882 | -3.2% |
| Plant, machinery and equipment | 23 | €259,169 | €208,848 | -€50,321 | -19.4% |
| Furniture and vehicles | 24 | €17,116 | €9,768 | -€7,348 | -42.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €171,993 | €184,776 | +€12,784 | +7.4% |
| Stocks and contracts in progress | 3 | €38,145 | €37,156 | -€989 | -2.6% |
| Stocks | 30/36 | €38,145 | €37,156 | -€989 | -2.6% |
| Amounts receivable within one year | 40/41 | €44,659 | €86,150 | +€41,490 | +92.9% |
| Trade receivables | 40 | €39,527 | €60,844 | +€21,317 | +53.9% |
| Other amounts receivable | 41 | €5,132 | €25,306 | +€20,173 | +393.1% |
| Current investments | 50/53 | €30,771 | €36,271 | +€5,500 | +17.9% |
| Cash at bank and in hand | 54/58 | €49,598 | €20,599 | -€28,999 | -58.5% |
| Deferred charges and accrued income | 490/1 | €8,819 | €4,600 | -€4,219 | -47.8% |
| Total equity and liabilities | 10/49 | €940,676 | €900,438 | -€40,238 | -4.3% |
| Equity | 10/15 | €282,842 | €286,817 | +€3,975 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €262,382 | €266,357 | +€3,975 | +1.5% |
| Amounts payable | 17/49 | €657,833 | €613,621 | -€44,213 | -6.7% |
| Amounts payable after more than one year | 17 | €519,918 | €466,929 | -€52,990 | -10.2% |
| Financial debts | 170/4 | €519,918 | €466,929 | -€52,990 | -10.2% |
| Amounts payable within one year | 42/48 | €137,845 | €146,692 | +€8,847 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €54,872 | €56,360 | +€1,488 | +2.7% |
| Trade debts | 44 | €40,759 | €56,815 | +€16,055 | +39.4% |
| Suppliers | 440/4 | €40,759 | €56,815 | +€16,055 | +39.4% |
| Taxes, remuneration and social security | 45 | €32,087 | €33,179 | +€1,093 | +3.4% |
| Taxes | 450/3 | €14,922 | €13,092 | -€1,830 | -12.3% |
| Remuneration and social security | 454/9 | €17,165 | €20,087 | +€2,922 | +17.0% |
| Other amounts payable | 47/48 | €10,127 | €338 | -€9,789 | -96.7% |
| Accrued charges and deferred income | 492/3 | €70 | - | -€70 | |
| Non-recurring operating income | 76A | €1,515 | €3,171 | +€1,656 | +109.3% |
| Remuneration, social security and pensions | 62 | €134,919 | €134,550 | -€369 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,555 | €78,026 | +€6,471 | +9.0% |
| Other operating charges | 640/8 | €5,812 | €6,173 | +€361 | +6.2% |
| Gross operating margin | 9900 | €248,204 | €222,078 | -€26,127 | -10.5% |
| Operating profit (loss) | 9901 | €35,919 | €3,329 | -€32,590 | -90.7% |
| Financial income | 75/76B | €8,154 | €4,952 | -€3,202 | -39.3% |
| Recurring financial income | 75 | €217 | €799 | +€581 | +267.8% |
| Non-recurring financial income | 76B | €7,937 | €4,154 | -€3,784 | -47.7% |
| Financial charges | 65/66B | €20,180 | €17,770 | -€2,410 | -11.9% |
| Recurring financial charges | 65 | €20,180 | €17,770 | -€2,410 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €23,893 | -€9,489 | -€33,382 | |
| Income taxes | 67/77 | €18,082 | -€13,464 | -€31,546 | |
| Profit (loss) for the period | 9904 | €5,811 | €3,975 | -€1,836 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,811 | €3,975 | -€1,836 | -31.6% |
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 7 October 2026 via checked.be.