TEAM AT 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.
TEAM AT WORK
Largest movements
- Cash +€12,845
up €12,845 (+24.3%), from €52,783 to €65,628
mainly Net result for the year (+€16,241) and Tax, wage and social debts (+€2,735)
- Intangible fixed assets +€4,749
up €4,749 (+2005.7%), from €237 to €4,986
- Receivables within one year +€3,573
up €3,573 (+43.1%), from €8,297 to €11,870
of which Trade receivables: +€3,631
- Deferred charges and accrued income -€1,478
down €1,478 (-24.4%), from €6,049 to €4,571
- Reserves +€16,241
up €16,241 (+50.3%), from €32,271 to €48,511
- Tax, wage and social debts +€2,735
up €2,735 (+348.5%), from €785 to €3,520
- Gross operating margin +€7,809
up €7,809 (+42.1%), from €18,529 to €26,338
- Taxes +€3,672
up €3,672 (+80.4%), from €4,567 to €8,239
- Depreciation +€712
up €712 (+558.4%), from €127 to €839
- Financial charges +€329
up €329 (+69.4%), from €473 to €802
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 | €67,366 | €87,055 | +€19,689 | +29.2% |
| Fixed assets | 21/28 | €237 | €4,986 | +€4,749 | +2005.7% |
| Intangible fixed assets | 21 | €237 | €4,986 | +€4,749 | +2005.7% |
| Current assets | 29/58 | €67,130 | €82,069 | +€14,940 | +22.3% |
| Amounts receivable within one year | 40/41 | €8,297 | €11,870 | +€3,573 | +43.1% |
| Trade receivables | 40 | €8,239 | €11,870 | +€3,631 | +44.1% |
| Other amounts receivable | 41 | €58 | - | -€58 | |
| Cash at bank and in hand | 54/58 | €52,783 | €65,628 | +€12,845 | +24.3% |
| Deferred charges and accrued income | 490/1 | €6,049 | €4,571 | -€1,478 | -24.4% |
| Total equity and liabilities | 10/49 | €67,366 | €87,055 | +€19,689 | +29.2% |
| Equity | 10/15 | €64,871 | €81,111 | +€16,241 | +25.0% |
| Contributions | 10/11 | €32,600 | €32,600 | = | 0.0% |
| Reserves | 13 | €32,271 | €48,511 | +€16,241 | +50.3% |
| Distributable reserves | 133 | €32,271 | €48,511 | +€16,241 | +50.3% |
| Amounts payable | 17/49 | €2,496 | €5,944 | +€3,448 | +138.2% |
| Amounts payable within one year | 42/48 | €2,313 | €5,944 | +€3,631 | +157.0% |
| Trade debts | 44 | €1,528 | €2,377 | +€848 | +55.5% |
| Suppliers | 440/4 | €1,528 | €2,377 | +€848 | +55.5% |
| Taxes, remuneration and social security | 45 | €785 | €3,520 | +€2,735 | +348.5% |
| Taxes | 450/3 | €785 | €3,520 | +€2,735 | +348.5% |
| Other amounts payable | 47/48 | - | €47 | +€47 | |
| Accrued charges and deferred income | 492/3 | €183 | - | -€183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127 | €839 | +€712 | +558.4% |
| Other operating charges | 640/8 | €559 | €404 | -€155 | -27.7% |
| Gross operating margin | 9900 | €18,529 | €26,338 | +€7,809 | +42.1% |
| Operating profit (loss) | 9901 | €17,842 | €25,094 | +€7,252 | +40.6% |
| Financial income | 75/76B | €166 | €187 | +€22 | +13.1% |
| Recurring financial income | 75 | €166 | €187 | +€22 | +13.1% |
| Financial charges | 65/66B | €473 | €802 | +€329 | +69.4% |
| Recurring financial charges | 65 | €473 | €802 | +€329 | +69.4% |
| Profit (loss) for the period before taxes | 9903 | €17,535 | €24,480 | +€6,945 | +39.6% |
| Income taxes | 67/77 | €4,567 | €8,239 | +€3,672 | +80.4% |
| Profit (loss) for the period | 9904 | €12,968 | €16,241 | +€3,273 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,968 | €16,241 | +€3,273 | +25.2% |
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 8 October 2026 via checked.be.