RESULT@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.
RESULT@WORK
Largest movements
- Current investments -€129,500
down €129,500 (-57.1%), from €226,735 to €97,235
- Receivables within one year -€19,637
down €19,637 (-76.2%), from €25,785 to €6,148
of which Trade receivables: -€11,417
- Tangible fixed assets +€9,187
up €9,187 (+37.9%), from €24,247 to €33,434
of which Furniture and vehicles: +€10,545
- Reserves -€235,682
down €235,682 (-92.1%), from €255,779 to €20,097
of which Distributable reserves: -€235,682
- Other debts +€87,572
up €87,572 (+572.5%), from €15,296 to €102,868
- Tax, wage and social debts +€17,048
up €17,048 (+4177.6%), from €408 to €17,456
of which Taxes: +€16,848
- Profit (loss) carried forward -€7,913
new in 2025: -€7,913
- Gross operating margin -€309,175
down €309,175, from €278,352 to -€30,824
- Taxes -€69,459
down €69,459 (-99.3%), from €69,978 to €519
- Financial income +€4,241
up €4,241 (+508.1%), from €835 to €5,076
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 | €295,592 | €156,242 | -€139,350 | -47.1% |
| Fixed assets | 21/28 | €24,595 | €33,782 | +€9,187 | +37.4% |
| Tangible fixed assets | 22/27 | €24,247 | €33,434 | +€9,187 | +37.9% |
| Land and buildings | 22 | €2,390 | €1,597 | -€793 | -33.2% |
| Plant, machinery and equipment | 23 | €1,201 | €636 | -€565 | -47.0% |
| Furniture and vehicles | 24 | €20,656 | €31,202 | +€10,545 | +51.1% |
| Financial fixed assets | 28 | €348 | €348 | = | 0.0% |
| Current assets | 29/58 | €270,997 | €122,460 | -€148,537 | -54.8% |
| Amounts receivable within one year | 40/41 | €25,785 | €6,148 | -€19,637 | -76.2% |
| Trade receivables | 40 | €14,172 | €2,755 | -€11,417 | -80.6% |
| Other amounts receivable | 41 | €11,613 | €3,393 | -€8,220 | -70.8% |
| Current investments | 50/53 | €226,735 | €97,235 | -€129,500 | -57.1% |
| Cash at bank and in hand | 54/58 | €18,477 | €19,077 | +€600 | +3.2% |
| Total equity and liabilities | 10/49 | €295,592 | €156,242 | -€139,350 | -47.1% |
| Equity | 10/15 | €274,379 | €30,784 | -€243,595 | -88.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €255,779 | €20,097 | -€235,682 | -92.1% |
| Tax-exempt reserves | 132 | €20,097 | €20,097 | = | 0.0% |
| Distributable reserves | 133 | €235,682 | - | -€235,682 | |
| Profit (loss) carried forward | 14 | - | -€7,913 | -€7,913 | |
| Amounts payable | 17/49 | €21,214 | €125,459 | +€104,245 | +491.4% |
| Amounts payable within one year | 42/48 | €21,214 | €124,934 | +€103,720 | +488.9% |
| Trade debts | 44 | €5,510 | €4,610 | -€900 | -16.3% |
| Suppliers | 440/4 | €5,510 | €4,610 | -€900 | -16.3% |
| Taxes, remuneration and social security | 45 | €408 | €17,456 | +€17,048 | +4177.6% |
| Taxes | 450/3 | €408 | €17,256 | +€16,848 | +4128.5% |
| Remuneration and social security | 454/9 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €15,296 | €102,868 | +€87,572 | +572.5% |
| Accrued charges and deferred income | 492/3 | - | €525 | +€525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,015 | €11,164 | +€1,149 | +11.5% |
| Other operating charges | 640/8 | €1,233 | €1,241 | +€8 | +0.6% |
| Gross operating margin | 9900 | €278,352 | -€30,824 | -€309,175 | |
| Operating profit (loss) | 9901 | €267,103 | -€43,228 | -€310,332 | |
| Financial income | 75/76B | €835 | €5,076 | +€4,241 | +508.1% |
| Recurring financial income | 75 | €835 | €5,076 | +€4,241 | +508.1% |
| Financial charges | 65/66B | €295 | -€77 | -€372 | |
| Recurring financial charges | 65 | €295 | -€77 | -€372 | |
| Profit (loss) for the period before taxes | 9903 | €267,643 | -€38,076 | -€305,719 | |
| Income taxes | 67/77 | €69,978 | €519 | -€69,459 | -99.3% |
| Profit (loss) for the period | 9904 | €197,665 | -€38,595 | -€236,260 | |
| Transfer from tax-exempt reserves | 789 | €35,600 | - | -€35,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €233,265 | -€38,595 | -€271,860 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.