VS Workz: 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.
VS Workz
Largest movements
- Tangible fixed assets -€80,740
down €80,740 (-35.5%), from €227,711 to €146,971
of which Furniture and vehicles: -€42,534
- Current investments +€78,432
up €78,432, from €0 to €78,432
- Receivables within one year -€47,485
down €47,485 (-86.6%), from €54,810 to €7,325
of which Trade receivables: -€48,764
- Financial fixed assets -€6,197
down €6,197 (-100.0%), from €6,197 to €0
- Cash +€5,925
up €5,925 (+3.8%), from €157,981 to €163,907
mainly Investment in fixed assets (net) (+€74,913) and Net result for the year (+€50,398)
- Debts after one year -€63,672
down €63,672 (-38.5%), from €165,486 to €101,814
- Reserves +€50,398
up €50,398 (+27.9%), from €180,808 to €231,207
- Current portion of long-term debt -€28,598
down €28,598 (-78.8%), from €36,293 to €7,695
- Tax, wage and social debts -€7,115
down €7,115 (-90.0%), from €7,902 to €787
of which Taxes: -€7,115
- Depreciation -€43,094
down €43,094 (-78.2%), from €55,118 to €12,024
- Financial charges +€16,661
up €16,661 (+256.0%), from €6,508 to €23,169
of which Non-recurring financial charges: +€16,777
- Taxes +€6,298
up €6,298 (+36.2%), from €17,380 to €23,678
- Other operating charges +€3,875
up €3,875 (+45.7%), from €8,479 to €12,355
- Gross operating margin -€3,144
down €3,144 (-2.5%), from €124,613 to €121,469
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 | €449,700 | €396,635 | -€53,065 | -11.8% |
| Fixed assets | 21/28 | €233,908 | €146,971 | -€86,937 | -37.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €227,711 | €146,971 | -€80,740 | -35.5% |
| Land and buildings | 22 | €151,752 | €143,577 | -€8,175 | -5.4% |
| Plant, machinery and equipment | 23 | €1,047 | €188 | -€858 | -82.0% |
| Furniture and vehicles | 24 | €45,740 | €3,205 | -€42,534 | -93.0% |
| Leasing and similar rights | 25 | €29,173 | €0 | -€29,173 | -100.0% |
| Financial fixed assets | 28 | €6,197 | €0 | -€6,197 | -100.0% |
| Current assets | 29/58 | €215,791 | €249,664 | +€33,873 | +15.7% |
| Stocks and contracts in progress | 3 | €3,000 | €0 | -€3,000 | -100.0% |
| Stocks | 30/36 | €3,000 | €0 | -€3,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €54,810 | €7,325 | -€47,485 | -86.6% |
| Trade receivables | 40 | €53,959 | €5,195 | -€48,764 | -90.4% |
| Other amounts receivable | 41 | €851 | €2,130 | +€1,279 | +150.3% |
| Current investments | 50/53 | €0 | €78,432 | +€78,432 | |
| Cash at bank and in hand | 54/58 | €157,981 | €163,907 | +€5,925 | +3.8% |
| Total equity and liabilities | 10/49 | €449,700 | €396,635 | -€53,065 | -11.8% |
| Equity | 10/15 | €190,351 | €240,750 | +€50,398 | +26.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €180,808 | €231,207 | +€50,398 | +27.9% |
| Distributable reserves | 133 | €180,808 | €231,207 | +€50,398 | +27.9% |
| Profit (loss) carried forward | 14 | €3,346 | €3,346 | = | 0.0% |
| Amounts payable | 17/49 | €259,348 | €155,886 | -€103,463 | -39.9% |
| Amounts payable after more than one year | 17 | €165,486 | €101,814 | -€63,672 | -38.5% |
| Financial debts | 170/4 | €165,486 | €101,814 | -€63,672 | -38.5% |
| Amounts payable within one year | 42/48 | €93,863 | €54,072 | -€39,791 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €36,293 | €7,695 | -€28,598 | -78.8% |
| Trade debts | 44 | €4,546 | €469 | -€4,077 | -89.7% |
| Suppliers | 440/4 | €4,546 | €469 | -€4,077 | -89.7% |
| Taxes, remuneration and social security | 45 | €7,902 | €787 | -€7,115 | -90.0% |
| Taxes | 450/3 | €7,902 | €787 | -€7,115 | -90.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €45,122 | €45,122 | = | 0.0% |
| Non-recurring operating income | 76A | - | €59,740 | +€59,740 | |
| Remuneration, social security and pensions | 62 | €1,651 | €535 | -€1,117 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,118 | €12,024 | -€43,094 | -78.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €8,479 | €12,355 | +€3,875 | +45.7% |
| Gross operating margin | 9900 | €124,613 | €121,469 | -€3,144 | -2.5% |
| Operating profit (loss) | 9901 | €59,365 | €96,556 | +€37,191 | +62.6% |
| Financial income | 75/76B | €506 | €690 | +€185 | +36.5% |
| Recurring financial income | 75 | €506 | €690 | +€185 | +36.5% |
| Financial charges | 65/66B | €6,508 | €23,169 | +€16,661 | +256.0% |
| Recurring financial charges | 65 | €6,508 | €6,392 | -€115 | -1.8% |
| Non-recurring financial charges | 66B | - | €16,777 | +€16,777 | |
| Profit (loss) for the period before taxes | 9903 | €53,362 | €74,077 | +€20,714 | +38.8% |
| Income taxes | 67/77 | €17,380 | €23,678 | +€6,298 | +36.2% |
| Profit (loss) for the period | 9904 | €35,982 | €50,398 | +€14,416 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,982 | €50,398 | +€14,416 | +40.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.