Positive Work: 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.
Positive Work
Largest movements
- Tangible fixed assets -€35,077
down €35,077 (-7.1%), from €497,060 to €461,983
of which Land and buildings: -€25,521
- Receivables within one year +€28,352
up €28,352 (+92.0%), from €30,820 to €59,173
of which Trade receivables: +€33,460
- Cash -€9,507
down €9,507 (-99.9%), from €9,513 to €6
mainly Debts after one year (-€30,357) and Other debts (-€29,537)
- Reserves +€32,990
up €32,990 (+21.8%), from €151,337 to €184,327
of which Distributable reserves: +€32,990
- Debts after one year -€30,357
down €30,357 (-14.1%), from €214,818 to €184,461
- Other debts -€29,537
down €29,537 (-26.8%), from €110,177 to €80,641
- Tax, wage and social debts +€6,822
up €6,822 (+42.0%), from €16,240 to €23,062
of which Remuneration and social security: +€8,116
- Gross operating margin +€60,380
up €60,380 (+134%), from €45,209 to €105,589
- Taxes +€12,209
new in 2025: €12,209
- Write-downs +€10,659
new in 2025: €10,659
- Depreciation -€6,623
down €6,623 (-13.4%), from €49,434 to €42,810
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 | €537,393 | €521,162 | -€16,231 | -3.0% |
| Fixed assets | 21/28 | €497,060 | €461,983 | -€35,077 | -7.1% |
| Tangible fixed assets | 22/27 | €497,060 | €461,983 | -€35,077 | -7.1% |
| Land and buildings | 22 | €418,832 | €393,311 | -€25,521 | -6.1% |
| Plant, machinery and equipment | 23 | €76,273 | €67,759 | -€8,514 | -11.2% |
| Furniture and vehicles | 24 | €1,955 | €914 | -€1,042 | -53.3% |
| Current assets | 29/58 | €40,333 | €59,178 | +€18,846 | +46.7% |
| Amounts receivable within one year | 40/41 | €30,820 | €59,173 | +€28,352 | +92.0% |
| Trade receivables | 40 | €25,713 | €59,173 | +€33,460 | +130% |
| Other amounts receivable | 41 | €5,107 | - | -€5,107 | |
| Cash at bank and in hand | 54/58 | €9,513 | €6 | -€9,507 | -99.9% |
| Total equity and liabilities | 10/49 | €537,393 | €521,162 | -€16,231 | -3.0% |
| Equity | 10/15 | €163,737 | €196,727 | +€32,990 | +20.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €151,337 | €184,327 | +€32,990 | +21.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €149,477 | €182,467 | +€32,990 | +22.1% |
| Amounts payable | 17/49 | €373,656 | €324,435 | -€49,221 | -13.2% |
| Amounts payable after more than one year | 17 | €214,818 | €184,461 | -€30,357 | -14.1% |
| Financial debts | 170/4 | €214,818 | €184,461 | -€30,357 | -14.1% |
| Amounts payable within one year | 42/48 | €158,838 | €139,974 | -€18,864 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €30,841 | €30,357 | -€484 | -1.6% |
| Trade debts | 44 | €1,579 | €5,914 | +€4,335 | +274% |
| Suppliers | 440/4 | €1,579 | €5,914 | +€4,335 | +274% |
| Taxes, remuneration and social security | 45 | €16,240 | €23,062 | +€6,822 | +42.0% |
| Taxes | 450/3 | €13,560 | €12,267 | -€1,293 | -9.5% |
| Remuneration and social security | 454/9 | €2,680 | €10,795 | +€8,116 | +303% |
| Other amounts payable | 47/48 | €110,177 | €80,641 | -€29,537 | -26.8% |
| Non-recurring operating income | 76A | €2,016 | €2,016 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,434 | €42,810 | -€6,623 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,659 | +€10,659 | |
| Other operating charges | 640/8 | €2,759 | €2,395 | -€364 | -13.2% |
| Gross operating margin | 9900 | €45,209 | €105,589 | +€60,380 | +134% |
| Operating profit (loss) | 9901 | -€6,984 | €49,725 | +€56,709 | |
| Financial income | 75/76B | €190 | - | -€190 | |
| Recurring financial income | 75 | €190 | - | -€190 | |
| Financial charges | 65/66B | €5,431 | €4,525 | -€906 | -16.7% |
| Recurring financial charges | 65 | €5,431 | €4,525 | -€906 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,225 | €45,199 | +€57,424 | |
| Income taxes | 67/77 | - | €12,209 | +€12,209 | |
| Profit (loss) for the period | 9904 | -€12,225 | €32,990 | +€45,215 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,225 | €32,990 | +€45,215 |
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 25 October 2026 via checked.be.