TD@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.
TD@WORK
Largest movements
- Cash +€9,296
up €9,296 (+316%), from €2,942 to €12,238
mainly Depreciation (+€31,503) and Net result for the year (+€13,310)
- Tangible fixed assets +€7,535
up €7,535 (+2.2%), from €344,826 to €352,361
of which Furniture and vehicles: +€24,142
- Receivables within one year -€5,090
down €5,090 (-42.8%), from €11,905 to €6,815
of which Other amounts receivable: -€5,004
- Profit (loss) carried forward +€12,477
up €12,477 (+28.5%), from €43,777 to €56,253
- Gross operating margin +€22,562
up €22,562 (+69.4%), from €32,489 to €55,051
- Taxes +€3,099
up €3,099 (+1,860%), from €167 to €3,266
- Depreciation +€2,814
up €2,814 (+9.8%), from €28,689 to €31,503
- Financial charges +€2,549
up €2,549 (+38.0%), from €6,702 to €9,251
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 | €364,872 | €375,916 | +€11,044 | +3.0% |
| Fixed assets | 21/28 | €344,901 | €352,361 | +€7,460 | +2.2% |
| Tangible fixed assets | 22/27 | €344,826 | €352,361 | +€7,535 | +2.2% |
| Land and buildings | 22 | €299,540 | €286,839 | -€12,702 | -4.2% |
| Plant, machinery and equipment | 23 | €37,098 | €33,192 | -€3,905 | -10.5% |
| Furniture and vehicles | 24 | €8,188 | €32,330 | +€24,142 | +295% |
| Financial fixed assets | 28 | €75 | - | -€75 | |
| Current assets | 29/58 | €19,971 | €23,555 | +€3,584 | +17.9% |
| Amounts receivable within one year | 40/41 | €11,905 | €6,815 | -€5,090 | -42.8% |
| Trade receivables | 40 | €1,222 | €1,136 | -€86 | -7.1% |
| Other amounts receivable | 41 | €10,683 | €5,679 | -€5,004 | -46.8% |
| Cash at bank and in hand | 54/58 | €2,942 | €12,238 | +€9,296 | +316% |
| Deferred charges and accrued income | 490/1 | €5,124 | €4,502 | -€622 | -12.1% |
| Total equity and liabilities | 10/49 | €364,872 | €375,916 | +€11,044 | +3.0% |
| Equity | 10/15 | €43,877 | €56,353 | +€12,477 | +28.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,777 | €56,253 | +€12,477 | +28.5% |
| Amounts payable | 17/49 | €320,995 | €319,563 | -€1,433 | -0.4% |
| Amounts payable after more than one year | 17 | €257,692 | €260,053 | +€2,361 | +0.9% |
| Financial debts | 170/4 | €257,692 | €260,053 | +€2,361 | +0.9% |
| Amounts payable within one year | 42/48 | €63,303 | €57,318 | -€5,985 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €28,507 | €27,555 | -€952 | -3.3% |
| Trade debts | 44 | €2,741 | €929 | -€1,812 | -66.1% |
| Suppliers | 440/4 | €2,741 | €929 | -€1,812 | -66.1% |
| Taxes, remuneration and social security | 45 | €775 | €1,041 | +€266 | +34.3% |
| Taxes | 450/3 | €775 | €1,041 | +€266 | +34.3% |
| Other amounts payable | 47/48 | €31,280 | €27,793 | -€3,487 | -11.1% |
| Accrued charges and deferred income | 492/3 | - | €2,192 | +€2,192 | |
| Non-recurring operating income | 76A | - | €10,403 | +€10,403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,689 | €31,503 | +€2,814 | +9.8% |
| Other operating charges | 640/8 | €887 | €597 | -€290 | -32.7% |
| Non-recurring operating charges | 66A | - | €719 | +€719 | |
| Gross operating margin | 9900 | €32,489 | €55,051 | +€22,562 | +69.4% |
| Operating profit (loss) | 9901 | €2,913 | €22,232 | +€19,319 | +663% |
| Financial income | 75/76B | €3,459 | €3,596 | +€137 | +4.0% |
| Recurring financial income | 75 | €3,459 | €3,596 | +€137 | +4.0% |
| Financial charges | 65/66B | €6,702 | €9,251 | +€2,549 | +38.0% |
| Recurring financial charges | 65 | €6,702 | €9,251 | +€2,549 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | -€331 | €16,576 | +€16,906 | |
| Income taxes | 67/77 | €167 | €3,266 | +€3,099 | +1,860% |
| Profit (loss) for the period | 9904 | -€497 | €13,310 | +€13,807 | |
| Profit (loss) for the period to be appropriated | 9905 | -€497 | €13,310 | +€13,807 |
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 20 October 2026 via checked.be.