VORK EN MES: what changed
VORK EN MES
Largest movements
- Cash +€35,458
up €35,458 (+81.2%), from €43,657 to €79,115
mainly Depreciation (+€33,356) and Net result for the year (+€29,935)
- Tangible fixed assets -€26,963
down €26,963 (-34.9%), from €77,174 to €50,211
of which Furniture and vehicles: -€15,046
- Receivables within one year -€4,598
down €4,598 (-23.9%), from €19,237 to €14,639
of which Trade receivables: -€3,141
- Deferred charges and accrued income -€4,073
down €4,073 (-79.2%), from €5,140 to €1,067
- Stocks and contracts -€3,842
down €3,842 (-7.7%), from €49,589 to €45,747
- Profit (loss) carried forward +€29,935
up €29,935 (+16.0%), from -€187,615 to -€157,680
- Trade debts -€15,727
down €15,727 (-19.9%), from €78,982 to €63,255
- Debts after one year -€11,508
down €11,508 (-16.3%), from €70,433 to €58,925
- Current portion of long-term debt -€9,171
down €9,171 (-33.8%), from €27,155 to €17,984
- Tax, wage and social debts +€2,775
up €2,775 (+8.7%), from €31,861 to €34,636
of which Taxes: +€3,139
- Staff costs -€60,609
down €60,609 (-21.5%), from €282,545 to €221,936
- Depreciation -€8,222
down €8,222 (-19.8%), from €41,579 to €33,356
- Gross operating margin +€4,234
up €4,234 (+1.4%), from €292,017 to €296,251
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,697 | €191,679 | -€4,018 | -2.1% |
| Fixed assets | 21/28 | €78,074 | €51,111 | -€26,963 | -34.5% |
| Tangible fixed assets | 22/27 | €77,174 | €50,211 | -€26,963 | -34.9% |
| Plant, machinery and equipment | 23 | €25,748 | €17,840 | -€7,907 | -30.7% |
| Furniture and vehicles | 24 | €40,794 | €25,748 | -€15,046 | -36.9% |
| Other tangible fixed assets | 26 | €10,632 | €6,623 | -€4,009 | -37.7% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €117,623 | €140,568 | +€22,945 | +19.5% |
| Stocks and contracts in progress | 3 | €49,589 | €45,747 | -€3,842 | -7.7% |
| Stocks | 30/36 | €49,589 | €45,747 | -€3,842 | -7.7% |
| Amounts receivable within one year | 40/41 | €19,237 | €14,639 | -€4,598 | -23.9% |
| Trade receivables | 40 | €4,020 | €879 | -€3,141 | -78.1% |
| Other amounts receivable | 41 | €15,217 | €13,760 | -€1,457 | -9.6% |
| Cash at bank and in hand | 54/58 | €43,657 | €79,115 | +€35,458 | +81.2% |
| Deferred charges and accrued income | 490/1 | €5,140 | €1,067 | -€4,073 | -79.2% |
| Total equity and liabilities | 10/49 | €195,697 | €191,679 | -€4,018 | -2.1% |
| Equity | 10/15 | -€13,940 | €15,995 | +€29,935 | |
| Contributions | 10/11 | €27,895 | €27,895 | = | 0.0% |
| Reserves | 13 | €145,780 | €145,780 | = | 0.0% |
| Distributable reserves | 133 | €145,780 | €145,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,615 | -€157,680 | +€29,935 | +16.0% |
| Amounts payable | 17/49 | €209,638 | €175,685 | -€33,953 | -16.2% |
| Amounts payable after more than one year | 17 | €70,433 | €58,925 | -€11,508 | -16.3% |
| Financial debts | 170/4 | €70,433 | €58,925 | -€11,508 | -16.3% |
| Amounts payable within one year | 42/48 | €137,999 | €115,876 | -€22,123 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €27,155 | €17,984 | -€9,171 | -33.8% |
| Trade debts | 44 | €78,982 | €63,255 | -€15,727 | -19.9% |
| Suppliers | 440/4 | €78,982 | €63,255 | -€15,727 | -19.9% |
| Taxes, remuneration and social security | 45 | €31,861 | €34,636 | +€2,775 | +8.7% |
| Taxes | 450/3 | €8,636 | €11,775 | +€3,139 | +36.3% |
| Remuneration and social security | 454/9 | €23,226 | €22,861 | -€364 | -1.6% |
| Accrued charges and deferred income | 492/3 | €1,206 | €884 | -€322 | -26.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €282,545 | €221,936 | -€60,609 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,579 | €33,356 | -€8,222 | -19.8% |
| Other operating charges | 640/8 | €1,261 | €2,402 | +€1,141 | +90.5% |
| Gross operating margin | 9900 | €292,017 | €296,251 | +€4,234 | +1.4% |
| Operating profit (loss) | 9901 | -€33,367 | €38,556 | +€71,924 | |
| Financial income | 75/76B | €37 | €192 | +€155 | +420% |
| Recurring financial income | 75 | €37 | €192 | +€155 | +420% |
| Financial charges | 65/66B | €7,115 | €8,477 | +€1,362 | +19.1% |
| Recurring financial charges | 65 | €7,115 | €8,477 | +€1,362 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | -€40,445 | €30,272 | +€70,717 | |
| Income taxes | 67/77 | €338 | €337 | -€2 | -0.4% |
| Profit (loss) for the period | 9904 | -€40,783 | €29,935 | +€70,718 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,783 | €29,935 | +€70,718 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.