't WERK: 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.
't WERK
Largest movements
- Receivables within one year +€15,441
up €15,441 (+28.2%), from €54,761 to €70,202
of which Trade receivables: +€17,329
- Deferred charges and accrued income -€14,020
down €14,020 (-97.9%), from €14,316 to €296
- Stocks and contracts +€6,000
new in 2025: €6,000
- Cash -€2,327
down €2,327 (-24.0%), from €9,686 to €7,358
mainly Receivables within one year (-€15,441) and Advances received (-€12,000)
- Reserves +€12,644
up €12,644 (+39.7%), from €31,826 to €44,470
of which Distributable reserves: +€12,644
- Advances received -€12,000
no longer reported in 2025 (was €12,000)
- Tax, wage and social debts +€4,488
up €4,488 (+33.9%), from €13,224 to €17,712
- Short-term financial debts -€1,119
down €1,119 (-11.7%), from €9,565 to €8,447
- Trade debts +€1,081
up €1,081 (+18.2%), from €5,947 to €7,029
- Gross operating margin +€6,490
up €6,490 (+34.8%), from €18,666 to €25,155
- Taxes +€2,426
up €2,426 (+32.0%), from €7,571 to €9,997
- Other operating charges -€1,535
down €1,535 (-44.9%), from €3,422 to €1,887
- Financial charges -€1,391
down €1,391 (-68.9%), from €2,019 to €628
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 | €78,763 | €83,857 | +€5,094 | +6.5% |
| Current assets | 29/58 | €78,763 | €83,857 | +€5,094 | +6.5% |
| Stocks and contracts in progress | 3 | - | €6,000 | +€6,000 | |
| Contracts in progress | 37 | - | €6,000 | +€6,000 | |
| Amounts receivable within one year | 40/41 | €54,761 | €70,202 | +€15,441 | +28.2% |
| Trade receivables | 40 | €14,930 | €32,259 | +€17,329 | +116% |
| Other amounts receivable | 41 | €39,831 | €37,943 | -€1,888 | -4.7% |
| Cash at bank and in hand | 54/58 | €9,686 | €7,358 | -€2,327 | -24.0% |
| Deferred charges and accrued income | 490/1 | €14,316 | €296 | -€14,020 | -97.9% |
| Total equity and liabilities | 10/49 | €78,763 | €83,857 | +€5,094 | +6.5% |
| Equity | 10/15 | €38,026 | €50,670 | +€12,644 | +33.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,826 | €44,470 | +€12,644 | +39.7% |
| 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 | €29,966 | €42,610 | +€12,644 | +42.2% |
| Amounts payable | 17/49 | €40,737 | €33,187 | -€7,550 | -18.5% |
| Amounts payable within one year | 42/48 | €40,737 | €33,187 | -€7,550 | -18.5% |
| Financial debts | 43 | €9,565 | €8,447 | -€1,119 | -11.7% |
| Credit institutions | 430/8 | €9,565 | €8,447 | -€1,119 | -11.7% |
| Trade debts | 44 | €5,947 | €7,029 | +€1,081 | +18.2% |
| Suppliers | 440/4 | €5,947 | €7,029 | +€1,081 | +18.2% |
| Advances received on contracts in progress | 46 | €12,000 | - | -€12,000 | |
| Taxes, remuneration and social security | 45 | €13,224 | €17,712 | +€4,488 | +33.9% |
| Taxes | 450/3 | €13,224 | €17,712 | +€4,488 | +33.9% |
| Other operating charges | 640/8 | €3,422 | €1,887 | -€1,535 | -44.9% |
| Gross operating margin | 9900 | €18,666 | €25,155 | +€6,490 | +34.8% |
| Operating profit (loss) | 9901 | €15,244 | €23,269 | +€8,024 | +52.6% |
| Financial charges | 65/66B | €2,019 | €628 | -€1,391 | -68.9% |
| Recurring financial charges | 65 | €2,019 | €628 | -€1,391 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €13,225 | €22,641 | +€9,416 | +71.2% |
| Income taxes | 67/77 | €7,571 | €9,997 | +€2,426 | +32.0% |
| Profit (loss) for the period | 9904 | €5,654 | €12,644 | +€6,989 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €5,654 | €12,644 | +€6,989 | +124% |
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 1 November 2026 via checked.be.