We and Work: 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.
We and Work
Largest movements
- Cash -€555,517
down €555,517 (-78.3%), from €709,294 to €153,777
mainly Tax, wage and social debts (-€423,437) and Investment in fixed assets (net) (-€116,749)
- Receivables within one year -€162,818
down €162,818 (-14.0%), from €1.2m to €1.0m
of which Trade receivables: -€236,747
- Tangible fixed assets +€65,762
up €65,762 (+196.7%), from €33,433 to €99,195
of which Plant, machinery and equipment: +€68,975
- Financial fixed assets +€22,778
up €22,778 (+195.4%), from €11,655 to €34,433
- Deferred charges and accrued income -€22,384
down €22,384 (-59.4%), from €37,700 to €15,315
- Tax, wage and social debts -€423,437
down €423,437 (-39.8%), from €1.1m to €640,451
of which Remuneration and social security: -€395,309
- Profit (loss) carried forward -€116,878
down €116,878 (-138.6%), from -€84,320 to -€201,198
- Trade debts -€59,147
down €59,147 (-39.9%), from €148,305 to €89,159
- Short-term financial debts -€53,902
down €53,902 (-33.2%), from €162,180 to €108,278
- Gross operating margin -€1.2m
down €1.2m (-16.6%), from €7.5m to €6.3m
- Staff costs -€707,546
down €707,546 (-10.2%), from €6.9m to €6.2m
- Taxes -€143,588
down €143,588 (-84.6%), from €169,826 to €26,237
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 | €1,956,895 | €1,304,716 | -€652,180 | -33.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €45,088 | €133,628 | +€88,540 | +196.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €33,433 | €99,195 | +€65,762 | +196.7% |
| Plant, machinery and equipment | 23 | €15,082 | €84,056 | +€68,975 | +457.3% |
| Furniture and vehicles | 24 | €18,352 | €15,139 | -€3,213 | -17.5% |
| Financial fixed assets | 28 | €11,655 | €34,433 | +€22,778 | +195.4% |
| Current assets | 29/58 | €1,911,807 | €1,171,088 | -€740,719 | -38.7% |
| Amounts receivable within one year | 40/41 | €1,164,813 | €1,001,995 | -€162,818 | -14.0% |
| Trade receivables | 40 | €1,156,273 | €919,527 | -€236,747 | -20.5% |
| Other amounts receivable | 41 | €8,540 | €82,469 | +€73,929 | +865.7% |
| Cash at bank and in hand | 54/58 | €709,294 | €153,777 | -€555,517 | -78.3% |
| Deferred charges and accrued income | 490/1 | €37,700 | €15,315 | -€22,384 | -59.4% |
| Total equity and liabilities | 10/49 | €1,956,895 | €1,304,716 | -€652,180 | -33.3% |
| Equity | 10/15 | €582,522 | €465,644 | -€116,878 | -20.1% |
| Contributions | 10/11 | €646,842 | €646,842 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,320 | -€201,198 | -€116,878 | -138.6% |
| Amounts payable | 17/49 | €1,374,373 | €839,071 | -€535,302 | -38.9% |
| Amounts payable within one year | 42/48 | €1,374,373 | €837,888 | -€536,485 | -39.0% |
| Financial debts | 43 | €162,180 | €108,278 | -€53,902 | -33.2% |
| Credit institutions | 430/8 | €162,180 | €108,278 | -€53,902 | -33.2% |
| Trade debts | 44 | €148,305 | €89,159 | -€59,147 | -39.9% |
| Suppliers | 440/4 | €148,305 | €89,159 | -€59,147 | -39.9% |
| Taxes, remuneration and social security | 45 | €1,063,888 | €640,451 | -€423,437 | -39.8% |
| Taxes | 450/3 | €208,646 | €180,519 | -€28,127 | -13.5% |
| Remuneration and social security | 454/9 | €855,242 | €459,932 | -€395,309 | -46.2% |
| Accrued charges and deferred income | 492/3 | - | €1,183 | +€1,183 | |
| Remuneration, social security and pensions | 62 | €6,909,468 | €6,201,922 | -€707,546 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,043 | €28,209 | +€14,166 | +100.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,829 | -€2,829 | -€5,658 | |
| Other operating charges | 640/8 | €17,083 | €8,607 | -€8,476 | -49.6% |
| Non-recurring operating charges | 66A | - | €845 | +€845 | |
| Gross operating margin | 9900 | €7,516,902 | €6,270,988 | -€1.2m | -16.6% |
| Operating profit (loss) | 9901 | €573,479 | €34,234 | -€539,245 | -94.0% |
| Financial income | 75/76B | €5,742 | €4,329 | -€1,412 | -24.6% |
| Recurring financial income | 75 | €243 | €4,329 | +€4,087 | +1684.2% |
| Non-recurring financial income | 76B | €5,499 | - | -€5,499 | |
| Financial charges | 65/66B | €55,776 | €83,259 | +€27,482 | +49.3% |
| Recurring financial charges | 65 | €55,776 | €83,259 | +€27,482 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €523,445 | -€44,695 | -€568,139 | |
| Income taxes | 67/77 | €169,826 | €26,237 | -€143,588 | -84.6% |
| Profit (loss) for the period | 9904 | €353,619 | -€70,932 | -€424,551 | |
| Profit (loss) for the period to be appropriated | 9905 | €353,619 | -€70,932 | -€424,551 |
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 12 October 2026 via checked.be.