W-WORKS: 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.
W-WORKS
Largest movements
- Tangible fixed assets +€28,322
up €28,322 (+208%), from €13,627 to €41,949
of which Leasing and similar rights: +€28,272
- Stocks and contracts +€24,690
up €24,690 (+253%), from €9,760 to €34,450
of which Contracts in progress: +€25,000
- Intangible fixed assets -€6,800
down €6,800 (-15.1%), from €45,066 to €38,267
- Receivables within one year +€2,761
up €2,761 (+21.8%), from €12,692 to €15,453
of which Other amounts receivable: +€6,345
- Financial fixed assets -€1,950
down €1,950 (-100%), from €1,950 to €0
- Profit (loss) carried forward +€27,295
up €27,295, from -€24,364 to €2,931
- Debts after one year +€20,595
up €20,595 (+631%), from €3,266 to €23,861
- Current portion of long-term debt +€3,687
up €3,687 (+110%), from €3,347 to €7,034
- Other debts -€2,806
down €2,806 (-2.6%), from €107,244 to €104,438
- Gross operating margin +€29,348
up €29,348 (+91.8%), from €31,955 to €61,303
- Depreciation +€5,189
up €5,189 (+36.2%), from €14,329 to €19,518
- Taxes +€4,135
up €4,135, from €0 to €4,135
- Other operating charges +€3,184
up €3,184 (+118%), from €2,690 to €5,874
- Financial charges +€919
up €919 (+95.6%), from €961 to €1,880
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 | €99,271 | €147,427 | +€48,155 | +48.5% |
| Fixed assets | 21/28 | €60,643 | €80,215 | +€19,572 | +32.3% |
| Intangible fixed assets | 21 | €45,066 | €38,267 | -€6,800 | -15.1% |
| Tangible fixed assets | 22/27 | €13,627 | €41,949 | +€28,322 | +208% |
| Plant, machinery and equipment | 23 | €3,897 | €10,655 | +€6,758 | +173% |
| Furniture and vehicles | 24 | €9,730 | €3,022 | -€6,709 | -68.9% |
| Leasing and similar rights | 25 | - | €28,272 | +€28,272 | |
| Financial fixed assets | 28 | €1,950 | €0 | -€1,950 | -100% |
| Current assets | 29/58 | €38,628 | €67,211 | +€28,583 | +74.0% |
| Stocks and contracts in progress | 3 | €9,760 | €34,450 | +€24,690 | +253% |
| Stocks | 30/36 | €9,760 | €9,450 | -€310 | -3.2% |
| Contracts in progress | 37 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €12,692 | €15,453 | +€2,761 | +21.8% |
| Trade receivables | 40 | €5,815 | €2,231 | -€3,584 | -61.6% |
| Other amounts receivable | 41 | €6,877 | €13,222 | +€6,345 | +92.3% |
| Current investments | 50/53 | €215 | €0 | -€215 | -100% |
| Cash at bank and in hand | 54/58 | €14,524 | €14,661 | +€137 | +0.9% |
| Deferred charges and accrued income | 490/1 | €1,438 | €2,648 | +€1,210 | +84.2% |
| Total equity and liabilities | 10/49 | €99,271 | €147,427 | +€48,155 | +48.5% |
| Equity | 10/15 | -€18,164 | €9,131 | +€27,295 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,364 | €2,931 | +€27,295 | |
| Amounts payable | 17/49 | €117,435 | €138,296 | +€20,861 | +17.8% |
| Amounts payable after more than one year | 17 | €3,266 | €23,861 | +€20,595 | +631% |
| Financial debts | 170/4 | €3,266 | €23,861 | +€20,595 | +631% |
| Amounts payable within one year | 42/48 | €114,169 | €114,435 | +€266 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €3,347 | €7,034 | +€3,687 | +110% |
| Trade debts | 44 | €1,778 | €1,328 | -€450 | -25.3% |
| Suppliers | 440/4 | €1,778 | €1,328 | -€450 | -25.3% |
| Taxes, remuneration and social security | 45 | €1,800 | €1,635 | -€165 | -9.2% |
| Taxes | 450/3 | €1,800 | €1,635 | -€165 | -9.2% |
| Other amounts payable | 47/48 | €107,244 | €104,438 | -€2,806 | -2.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,329 | €19,518 | +€5,189 | +36.2% |
| Other operating charges | 640/8 | €2,690 | €5,874 | +€3,184 | +118% |
| Non-recurring operating charges | 66A | €0 | €2,874 | +€2,874 | |
| Gross operating margin | 9900 | €31,955 | €61,303 | +€29,348 | +91.8% |
| Operating profit (loss) | 9901 | €14,936 | €33,037 | +€18,101 | +121% |
| Financial income | 75/76B | €109 | €273 | +€164 | +151% |
| Recurring financial income | 75 | €109 | €273 | +€164 | +151% |
| Financial charges | 65/66B | €961 | €1,880 | +€919 | +95.6% |
| Recurring financial charges | 65 | €961 | €1,880 | +€919 | +95.6% |
| Profit (loss) for the period before taxes | 9903 | €14,084 | €31,429 | +€17,346 | +123% |
| Income taxes | 67/77 | €0 | €4,135 | +€4,135 | |
| Profit (loss) for the period | 9904 | €14,084 | €27,295 | +€13,211 | +93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,084 | €27,295 | +€13,211 | +93.8% |
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.