THE WORKPLACE FACTORY: 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.
THE WORKPLACE FACTORY
Largest movements
- Cash -€67,390
down €67,390 (-36.6%), from €183,917 to €116,527
mainly Debts after one year (-€119,001) and Net result for the year (-€41,192)
- Receivables within one year -€50,000
down €50,000 (-84.7%), from €59,000 to €9,000
- Tangible fixed assets -€34,686
down €34,686 (-3.9%), from €886,250 to €851,563
of which Land and buildings: -€33,086
- Debts after one year -€119,001
down €119,001 (-13.3%), from €897,568 to €778,567
of which Financial debts: -€119,001
- Profit (loss) carried forward -€41,192
down €41,192 (-26.2%), from €157,143 to €115,951
- Gross operating margin -€346,520
down €346,520 (-95.2%), from €364,017 to €17,497
- Taxes -€58,618
down €58,618, from €50,000 to -€8,618
- Financial charges -€8,195
down €8,195 (-21.1%), from €38,863 to €30,668
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 | €1,129,926 | €978,190 | -€151,737 | -13.4% |
| Fixed assets | 21/28 | €886,250 | €851,563 | -€34,686 | -3.9% |
| Tangible fixed assets | 22/27 | €886,250 | €851,563 | -€34,686 | -3.9% |
| Land and buildings | 22 | €880,683 | €847,597 | -€33,086 | -3.8% |
| Plant, machinery and equipment | 23 | €5,567 | €3,966 | -€1,601 | -28.8% |
| Current assets | 29/58 | €243,677 | €126,626 | -€117,050 | -48.0% |
| Amounts receivable within one year | 40/41 | €59,000 | €9,000 | -€50,000 | -84.7% |
| Other amounts receivable | 41 | €59,000 | €9,000 | -€50,000 | -84.7% |
| Cash at bank and in hand | 54/58 | €183,917 | €116,527 | -€67,390 | -36.6% |
| Deferred charges and accrued income | 490/1 | €760 | €1,100 | +€339 | +44.6% |
| Total equity and liabilities | 10/49 | €1,129,926 | €978,190 | -€151,737 | -13.4% |
| Equity | 10/15 | €175,693 | €134,501 | -€41,192 | -23.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,143 | €115,951 | -€41,192 | -26.2% |
| Amounts payable | 17/49 | €954,234 | €843,689 | -€110,545 | -11.6% |
| Amounts payable after more than one year | 17 | €897,568 | €778,567 | -€119,001 | -13.3% |
| Financial debts | 170/4 | €531,498 | €412,497 | -€119,001 | -22.4% |
| Other amounts payable | 178/9 | €366,070 | €366,070 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,666 | €65,122 | +€8,456 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €21,684 | €19,850 | -€1,834 | -8.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,704 | €1,231 | -€472 | -27.7% |
| Suppliers | 440/4 | €1,704 | €1,231 | -€472 | -27.7% |
| Other amounts payable | 47/48 | €33,278 | €44,041 | +€10,762 | +32.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €364,788 | €0 | -€364,788 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,075 | €34,686 | +€612 | +1.8% |
| Other operating charges | 640/8 | €2,398 | €1,953 | -€445 | -18.6% |
| Gross operating margin | 9900 | €364,017 | €17,497 | -€346,520 | -95.2% |
| Operating profit (loss) | 9901 | €327,545 | -€19,142 | -€346,687 | |
| Financial income | 75/76B | €816 | €0 | -€816 | -100% |
| Recurring financial income | 75 | €816 | €0 | -€816 | -100% |
| Financial charges | 65/66B | €38,863 | €30,668 | -€8,195 | -21.1% |
| Recurring financial charges | 65 | €38,863 | €30,668 | -€8,195 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €289,498 | -€49,810 | -€339,308 | |
| Income taxes | 67/77 | €50,000 | -€8,618 | -€58,618 | |
| Profit (loss) for the period | 9904 | €239,498 | -€41,192 | -€280,690 | |
| Profit (loss) for the period to be appropriated | 9905 | €239,498 | -€41,192 | -€280,690 |
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 29 October 2026 via checked.be.