T.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.
T.WORK
Largest movements
- Tangible fixed assets -€8,377
down €8,377 (-59.3%), from €14,129 to €5,752
- Receivables within one year -€5,169
down €5,169 (-25.4%), from €20,339 to €15,170
of which Trade receivables: -€4,708
- Cash -€2,344
down €2,344 (-73.7%), from €3,181 to €837
mainly Net result for the year (-€10,906) and Debts after one year (-€7,622)
- Profit (loss) carried forward -€10,906
down €10,906 (-78.2%), from €13,941 to €3,036
- Debts after one year -€7,622
down €7,622 (-89.5%), from €8,518 to €896
- Trade debts +€4,442
up €4,442 (+1554.9%), from €286 to €4,728
- Other debts -€967
down €967 (-23.6%), from €4,106 to €3,139
- Gross operating margin -€15,101
down €15,101 (-96.8%), from €15,597 to €496
- Other operating charges +€1,060
up €1,060 (+144.9%), from €731 to €1,791
- Financial charges -€177
down €177 (-12.5%), from €1,410 to €1,233
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 | €37,648 | €21,921 | -€15,727 | -41.8% |
| Fixed assets | 21/28 | €14,129 | €5,752 | -€8,377 | -59.3% |
| Tangible fixed assets | 22/27 | €14,129 | €5,752 | -€8,377 | -59.3% |
| Furniture and vehicles | 24 | €14,129 | €5,752 | -€8,377 | -59.3% |
| Current assets | 29/58 | €23,519 | €16,169 | -€7,350 | -31.3% |
| Amounts receivable within one year | 40/41 | €20,339 | €15,170 | -€5,169 | -25.4% |
| Trade receivables | 40 | €19,857 | €15,150 | -€4,708 | -23.7% |
| Other amounts receivable | 41 | €481 | €20 | -€461 | -95.8% |
| Cash at bank and in hand | 54/58 | €3,181 | €837 | -€2,344 | -73.7% |
| Deferred charges and accrued income | 490/1 | - | €162 | +€162 | |
| Total equity and liabilities | 10/49 | €37,648 | €21,921 | -€15,727 | -41.8% |
| Equity | 10/15 | €16,441 | €5,536 | -€10,906 | -66.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,941 | €3,036 | -€10,906 | -78.2% |
| Amounts payable | 17/49 | €21,207 | €16,385 | -€4,822 | -22.7% |
| Amounts payable after more than one year | 17 | €8,518 | €896 | -€7,622 | -89.5% |
| Financial debts | 170/4 | €8,518 | €896 | -€7,622 | -89.5% |
| Amounts payable within one year | 42/48 | €12,689 | €15,489 | +€2,801 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €7,994 | €7,622 | -€372 | -4.6% |
| Trade debts | 44 | €286 | €4,728 | +€4,442 | +1554.9% |
| Suppliers | 440/4 | €286 | €4,728 | +€4,442 | +1554.9% |
| Taxes, remuneration and social security | 45 | €303 | - | -€303 | |
| Taxes | 450/3 | €303 | - | -€303 | |
| Other amounts payable | 47/48 | €4,106 | €3,139 | -€967 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,377 | €8,377 | +€0 | 0.0% |
| Other operating charges | 640/8 | €731 | €1,791 | +€1,060 | +144.9% |
| Gross operating margin | 9900 | €15,597 | €496 | -€15,101 | -96.8% |
| Operating profit (loss) | 9901 | €6,488 | -€9,672 | -€16,161 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,410 | €1,233 | -€177 | -12.5% |
| Recurring financial charges | 65 | €1,410 | €1,233 | -€177 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €5,078 | -€10,906 | -€15,984 | |
| Profit (loss) for the period | 9904 | €5,078 | -€10,906 | -€15,984 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,078 | -€10,906 | -€15,984 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.