R 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.
R WORKS
Largest movements
- Receivables within one year +€13,133
up €13,133 (+52.6%), from €24,957 to €38,090
of which Other amounts receivable: +€12,165
- Tangible fixed assets -€6,707
down €6,707 (-7.0%), from €95,139 to €88,432
of which Land and buildings: -€3,758
- Other debts +€20,385
up €20,385 (+178%), from €11,438 to €31,823
- Tax, wage and social debts -€12,098
down €12,098 (-40.9%), from €29,592 to €17,495
of which Taxes: -€10,648
- Debts after one year -€7,506
down €7,506 (-14.1%), from €53,172 to €45,666
- Trade debts +€3,614
up €3,614 (+151%), from €2,398 to €6,011
- Reserves +€2,762
up €2,762 (+14.6%), from €18,880 to €21,642
of which Distributable reserves: +€2,762
- Gross operating margin +€5,496
up €5,496 (+43.5%), from €12,643 to €18,139
- Financial charges -€2,612
down €2,612 (-48.8%), from €5,346 to €2,735
of which Non-recurring financial charges: -€2,317
- Taxes +€1,752
up €1,752 (+166%), from €1,055 to €2,808
- Depreciation -€1,254
down €1,254 (-15.7%), from €7,961 to €6,707
- Other operating charges +€1,000
up €1,000 (+210%), from €476 to €1,476
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 | €125,696 | €132,522 | +€6,826 | +5.4% |
| Fixed assets | 21/28 | €95,139 | €88,432 | -€6,707 | -7.0% |
| Tangible fixed assets | 22/27 | €95,139 | €88,432 | -€6,707 | -7.0% |
| Land and buildings | 22 | €86,357 | €82,598 | -€3,758 | -4.4% |
| Plant, machinery and equipment | 23 | €3,556 | €2,793 | -€763 | -21.5% |
| Furniture and vehicles | 24 | €5,226 | €3,041 | -€2,186 | -41.8% |
| Current assets | 29/58 | €30,557 | €44,090 | +€13,533 | +44.3% |
| Amounts receivable within one year | 40/41 | €24,957 | €38,090 | +€13,133 | +52.6% |
| Trade receivables | 40 | €4,840 | €5,808 | +€968 | +20.0% |
| Other amounts receivable | 41 | €20,117 | €32,282 | +€12,165 | +60.5% |
| Cash at bank and in hand | 54/58 | €5,600 | €6,000 | +€400 | +7.1% |
| Total equity and liabilities | 10/49 | €125,696 | €132,522 | +€6,826 | +5.4% |
| Equity | 10/15 | €21,260 | €24,022 | +€2,762 | +13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,880 | €21,642 | +€2,762 | +14.6% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €18,680 | €21,442 | +€2,762 | +14.8% |
| Profit (loss) carried forward | 14 | -€3,820 | -€3,820 | = | 0.0% |
| Amounts payable | 17/49 | €104,437 | €108,500 | +€4,064 | +3.9% |
| Amounts payable after more than one year | 17 | €53,172 | €45,666 | -€7,506 | -14.1% |
| Financial debts | 170/4 | €53,172 | €45,666 | -€7,506 | -14.1% |
| Amounts payable within one year | 42/48 | €51,265 | €62,834 | +€11,569 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €7,837 | €7,506 | -€331 | -4.2% |
| Trade debts | 44 | €2,398 | €6,011 | +€3,614 | +151% |
| Suppliers | 440/4 | €2,398 | €6,011 | +€3,614 | +151% |
| Taxes, remuneration and social security | 45 | €29,592 | €17,495 | -€12,098 | -40.9% |
| Taxes | 450/3 | €28,142 | €17,495 | -€10,648 | -37.8% |
| Remuneration and social security | 454/9 | €1,450 | - | -€1,450 | |
| Other amounts payable | 47/48 | €11,438 | €31,823 | +€20,385 | +178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,961 | €6,707 | -€1,254 | -15.7% |
| Other operating charges | 640/8 | €476 | €1,476 | +€1,000 | +210% |
| Non-recurring operating charges | 66A | €1,636 | €1,651 | +€15 | +0.9% |
| Gross operating margin | 9900 | €12,643 | €18,139 | +€5,496 | +43.5% |
| Operating profit (loss) | 9901 | €2,570 | €8,304 | +€5,734 | +223% |
| Financial charges | 65/66B | €5,346 | €2,735 | -€2,612 | -48.8% |
| Recurring financial charges | 65 | €1,569 | €1,274 | -€295 | -18.8% |
| Non-recurring financial charges | 66B | €3,778 | €1,461 | -€2,317 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,776 | €5,570 | +€8,346 | |
| Income taxes | 67/77 | €1,055 | €2,808 | +€1,752 | +166% |
| Profit (loss) for the period | 9904 | -€3,832 | €2,762 | +€6,594 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,832 | €2,762 | +€6,594 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.