Reworx: 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.
Reworx
Largest movements
- Receivables within one year +€373,455
up €373,455 (+187.7%), from €199,006 to €572,461
of which Trade receivables: +€210,078
- Stocks and contracts -€311,371
down €311,371 (-100.0%), from €311,371 to €0
- Cash +€62,440
up €62,440 (+58.7%), from €106,447 to €168,886
mainly Stocks and contracts (+€311,371) and Net result for the year (+€294,324)
- Reserves +€294,324
up €294,324 (+212.9%), from €138,237 to €432,561
- Short-term financial debts -€276,125
down €276,125 (-86.5%), from €319,306 to €43,181
of which Other loans: -€293,714
- Trade debts +€134,021
up €134,021 (+359.6%), from €37,273 to €171,294
- Accrued charges and deferred income -€73,175
down €73,175 (-93.4%), from €78,320 to €5,145
- Tax, wage and social debts +€58,918
up €58,918 (+109.6%), from €53,736 to €112,654
- Gross operating margin +€227,804
up €227,804 (+108.3%), from €210,325 to €438,129
- Taxes +€59,269
up €59,269 (+146.3%), from €40,505 to €99,774
- Depreciation +€13,438
up €13,438 (+117.3%), from €11,454 to €24,892
- Financial charges -€8,427
down €8,427 (-40.2%), from €20,979 to €12,552
- Staff costs +€6,594
up €6,594 (+586.7%), from €1,124 to €7,718
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 | €699,283 | €838,630 | +€139,348 | +19.9% |
| Fixed assets | 21/28 | €68,745 | €75,286 | +€6,541 | +9.5% |
| Intangible fixed assets | 21 | - | €3,725 | +€3,725 | |
| Tangible fixed assets | 22/27 | €68,745 | €64,961 | -€3,784 | -5.5% |
| Plant, machinery and equipment | 23 | €20,286 | €27,895 | +€7,610 | +37.5% |
| Furniture and vehicles | 24 | €48,459 | €37,066 | -€11,393 | -23.5% |
| Financial fixed assets | 28 | - | €6,600 | +€6,600 | |
| Current assets | 29/58 | €630,538 | €763,345 | +€132,807 | +21.1% |
| Stocks and contracts in progress | 3 | €311,371 | €0 | -€311,371 | -100.0% |
| Stocks | 30/36 | €311,371 | €0 | -€311,371 | -100.0% |
| Amounts receivable within one year | 40/41 | €199,006 | €572,461 | +€373,455 | +187.7% |
| Trade receivables | 40 | €191,962 | €402,040 | +€210,078 | +109.4% |
| Other amounts receivable | 41 | €7,044 | €170,422 | +€163,377 | +2319.3% |
| Cash at bank and in hand | 54/58 | €106,447 | €168,886 | +€62,440 | +58.7% |
| Deferred charges and accrued income | 490/1 | €13,714 | €21,997 | +€8,283 | +60.4% |
| Total equity and liabilities | 10/49 | €699,283 | €838,630 | +€139,348 | +19.9% |
| Equity | 10/15 | €138,337 | €432,661 | +€294,324 | +212.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €138,237 | €432,561 | +€294,324 | +212.9% |
| Distributable reserves | 133 | €138,237 | €432,561 | +€294,324 | +212.9% |
| Amounts payable | 17/49 | €560,946 | €405,970 | -€154,976 | -27.6% |
| Amounts payable after more than one year | 17 | €31,972 | €17,290 | -€14,683 | -45.9% |
| Financial debts | 170/4 | €31,972 | €17,290 | -€14,683 | -45.9% |
| Amounts payable within one year | 42/48 | €450,654 | €383,535 | -€67,119 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €14,043 | €14,683 | +€639 | +4.6% |
| Financial debts | 43 | €319,306 | €43,181 | -€276,125 | -86.5% |
| Credit institutions | 430/8 | - | €17,589 | +€17,589 | |
| Other loans | 439 | €319,306 | €25,592 | -€293,714 | -92.0% |
| Trade debts | 44 | €37,273 | €171,294 | +€134,021 | +359.6% |
| Suppliers | 440/4 | €37,273 | €171,294 | +€134,021 | +359.6% |
| Taxes, remuneration and social security | 45 | €53,736 | €112,654 | +€58,918 | +109.6% |
| Taxes | 450/3 | €53,736 | €112,654 | +€58,918 | +109.6% |
| Other amounts payable | 47/48 | €26,296 | €41,723 | +€15,428 | +58.7% |
| Accrued charges and deferred income | 492/3 | €78,320 | €5,145 | -€73,175 | -93.4% |
| Remuneration, social security and pensions | 62 | €1,124 | €7,718 | +€6,594 | +586.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,454 | €24,892 | +€13,438 | +117.3% |
| Other operating charges | 640/8 | €1,158 | €5,686 | +€4,528 | +391.0% |
| Gross operating margin | 9900 | €210,325 | €438,129 | +€227,804 | +108.3% |
| Operating profit (loss) | 9901 | €196,589 | €399,833 | +€203,244 | +103.4% |
| Financial income | 75/76B | €230 | €6,817 | +€6,588 | +2867.1% |
| Recurring financial income | 75 | €230 | €6,817 | +€6,588 | +2867.1% |
| Financial charges | 65/66B | €20,979 | €12,552 | -€8,427 | -40.2% |
| Recurring financial charges | 65 | €20,979 | €12,552 | -€8,427 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €175,840 | €394,098 | +€218,258 | +124.1% |
| Income taxes | 67/77 | €40,505 | €99,774 | +€59,269 | +146.3% |
| Profit (loss) for the period | 9904 | €135,335 | €294,324 | +€158,990 | +117.5% |
| Profit (loss) for the period to be appropriated | 9905 | €135,335 | €294,324 | +€158,990 | +117.5% |
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 11 October 2026 via checked.be.