Results@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.
Results@Work
Largest movements
- Cash +€153,475
up €153,475 (+1,115%), from €13,764 to €167,239
mainly Current investments (+€135,227) and Net result for the year (+€25,198)
- Current investments -€135,227
no longer reported in 2025 (was €135,227)
- Receivables within one year -€21,742
down €21,742 (-87.9%), from €24,724 to €2,982
of which Trade receivables: -€21,691
- Tangible fixed assets -€18,108
down €18,108 (-37.2%), from €48,631 to €30,524
of which Furniture and vehicles: -€17,336
- Reserves -€17,714
down €17,714 (-10.8%), from €164,444 to €146,729
of which Tax-exempt reserves: -€9,249
- Trade debts +€3,125
up €3,125 (+256%), from €1,220 to €4,345
- Provisions -€3,083
down €3,083 (-67.7%), from €4,553 to €1,470
- Gross operating margin -€21,260
down €21,260 (-29.6%), from €71,798 to €50,538
- Depreciation -€4,806
down €4,806 (-21.0%), from €22,914 to €18,108
- Taxes -€4,573
down €4,573 (-29.1%), from €15,727 to €11,154
- Financial income +€1,367
up €1,367 (+126%), from €1,085 to €2,453
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 | €223,874 | €202,730 | -€21,144 | -9.4% |
| Fixed assets | 21/28 | €48,631 | €30,524 | -€18,108 | -37.2% |
| Tangible fixed assets | 22/27 | €48,631 | €30,524 | -€18,108 | -37.2% |
| Plant, machinery and equipment | 23 | - | €2,102 | +€2,102 | |
| Furniture and vehicles | 24 | €45,757 | €28,422 | -€17,336 | -37.9% |
| Other tangible fixed assets | 26 | €2,874 | €0 | -€2,874 | -100% |
| Current assets | 29/58 | €175,243 | €172,206 | -€3,037 | -1.7% |
| Amounts receivable within one year | 40/41 | €24,724 | €2,982 | -€21,742 | -87.9% |
| Trade receivables | 40 | €21,737 | €46 | -€21,691 | -99.8% |
| Other amounts receivable | 41 | €2,988 | €2,936 | -€51 | -1.7% |
| Current investments | 50/53 | €135,227 | - | -€135,227 | |
| Cash at bank and in hand | 54/58 | €13,764 | €167,239 | +€153,475 | +1,115% |
| Deferred charges and accrued income | 490/1 | €1,528 | €1,985 | +€457 | +29.9% |
| Total equity and liabilities | 10/49 | €223,874 | €202,730 | -€21,144 | -9.4% |
| Equity | 10/15 | €164,444 | €146,729 | -€17,714 | -10.8% |
| Reserves | 13 | €164,444 | €146,729 | -€17,714 | -10.8% |
| Tax-exempt reserves | 132 | €13,660 | €4,411 | -€9,249 | -67.7% |
| Distributable reserves | 133 | €150,784 | €142,318 | -€8,466 | -5.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €4,553 | €1,470 | -€3,083 | -67.7% |
| Deferred taxes | 168 | €4,553 | €1,470 | -€3,083 | -67.7% |
| Amounts payable | 17/49 | €54,877 | €54,530 | -€347 | -0.6% |
| Amounts payable within one year | 42/48 | €54,877 | €54,530 | -€347 | -0.6% |
| Trade debts | 44 | €1,220 | €4,345 | +€3,125 | +256% |
| Suppliers | 440/4 | €1,220 | €4,345 | +€3,125 | +256% |
| Taxes, remuneration and social security | 45 | €8,552 | €7,200 | -€1,352 | -15.8% |
| Taxes | 450/3 | €8,221 | €7,200 | -€1,020 | -12.4% |
| Remuneration and social security | 454/9 | €331 | €0 | -€331 | -100% |
| Other amounts payable | 47/48 | €45,105 | €42,985 | -€2,120 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,914 | €18,108 | -€4,806 | -21.0% |
| Other operating charges | 640/8 | €222 | €635 | +€413 | +186% |
| Gross operating margin | 9900 | €71,798 | €50,538 | -€21,260 | -29.6% |
| Operating profit (loss) | 9901 | €48,662 | €31,795 | -€16,867 | -34.7% |
| Financial income | 75/76B | €1,085 | €2,453 | +€1,367 | +126% |
| Recurring financial income | 75 | €1,085 | €2,453 | +€1,367 | +126% |
| Financial charges | 65/66B | €1,503 | €979 | -€524 | -34.9% |
| Recurring financial charges | 65 | €1,503 | €979 | -€524 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €48,245 | €33,269 | -€14,976 | -31.0% |
| Transfer from deferred taxes | 780 | €1,237 | €3,083 | +€1,846 | +149% |
| Income taxes | 67/77 | €15,727 | €11,154 | -€4,573 | -29.1% |
| Profit (loss) for the period | 9904 | €33,754 | €25,198 | -€8,556 | -25.3% |
| Transfer from tax-exempt reserves | 789 | €3,710 | €9,249 | +€5,539 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €37,464 | €34,447 | -€3,017 | -8.1% |
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.