.werk.: 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.
.werk.
Largest movements
- Tangible fixed assets -€29,151
down €29,151 (-11.6%), from €251,781 to €222,630
of which Land and buildings: -€25,860
- Cash +€4,144
up €4,144 (+522.4%), from €793 to €4,938
mainly Depreciation (+€33,341) and Other debts (+€10,761)
- Receivables within one year -€3,997
down €3,997 (-36.0%), from €11,093 to €7,096
of which Trade receivables: -€4,064
- Debts after one year -€31,064
down €31,064 (-16.2%), from €191,811 to €160,747
- Other debts +€10,761
up €10,761 (+14.7%), from €73,100 to €83,861
- Profit (loss) carried forward -€9,489
down €9,489 (-11.7%), from -€81,201 to -€90,690
- Gross operating margin +€2,546
up €2,546 (+6.7%), from €37,946 to €40,492
- Depreciation -€2,115
down €2,115 (-6.0%), from €35,456 to €33,341
- Other operating charges +€1,382
up €1,382 (+21.9%), from €6,316 to €7,698
- Financial charges -€1,126
down €1,126 (-11.1%), from €10,114 to €8,988
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 | €263,667 | €234,748 | -€28,919 | -11.0% |
| Fixed assets | 21/28 | €251,781 | €222,630 | -€29,151 | -11.6% |
| Tangible fixed assets | 22/27 | €251,781 | €222,630 | -€29,151 | -11.6% |
| Land and buildings | 22 | €244,605 | €218,745 | -€25,860 | -10.6% |
| Plant, machinery and equipment | 23 | €2,361 | €1,690 | -€671 | -28.4% |
| Other tangible fixed assets | 26 | €4,815 | €2,196 | -€2,620 | -54.4% |
| Current assets | 29/58 | €11,886 | €12,118 | +€232 | +1.9% |
| Amounts receivable within one year | 40/41 | €11,093 | €7,096 | -€3,997 | -36.0% |
| Trade receivables | 40 | €11,080 | €7,016 | -€4,064 | -36.7% |
| Other amounts receivable | 41 | €13 | €80 | +€68 | +535.7% |
| Cash at bank and in hand | 54/58 | €793 | €4,938 | +€4,144 | +522.4% |
| Deferred charges and accrued income | 490/1 | - | €84 | +€84 | |
| Total equity and liabilities | 10/49 | €263,667 | €234,748 | -€28,919 | -11.0% |
| Equity | 10/15 | -€56,494 | -€65,983 | -€9,489 | -16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,107 | €6,107 | = | 0.0% |
| Distributable reserves | 133 | €6,107 | €6,107 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,201 | -€90,690 | -€9,489 | -11.7% |
| Amounts payable | 17/49 | €320,162 | €300,732 | -€19,430 | -6.1% |
| Amounts payable after more than one year | 17 | €191,811 | €160,747 | -€31,064 | -16.2% |
| Financial debts | 170/4 | €191,811 | €160,747 | -€31,064 | -16.2% |
| Amounts payable within one year | 42/48 | €128,351 | €139,985 | +€11,634 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €29,803 | €31,064 | +€1,261 | +4.2% |
| Financial debts | 43 | €234 | - | -€234 | |
| Credit institutions | 430/8 | €234 | - | -€234 | |
| Trade debts | 44 | €24,565 | €22,252 | -€2,313 | -9.4% |
| Suppliers | 440/4 | €24,565 | €22,252 | -€2,313 | -9.4% |
| Taxes, remuneration and social security | 45 | €648 | €2,808 | +€2,159 | +333.1% |
| Taxes | 450/3 | €648 | €2,808 | +€2,159 | +333.1% |
| Other amounts payable | 47/48 | €73,100 | €83,861 | +€10,761 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,456 | €33,341 | -€2,115 | -6.0% |
| Other operating charges | 640/8 | €6,316 | €7,698 | +€1,382 | +21.9% |
| Gross operating margin | 9900 | €37,946 | €40,492 | +€2,546 | +6.7% |
| Operating profit (loss) | 9901 | -€3,825 | -€546 | +€3,279 | +85.7% |
| Financial income | 75/76B | €201 | €50 | -€150 | -74.9% |
| Recurring financial income | 75 | €201 | €50 | -€150 | -74.9% |
| Financial charges | 65/66B | €10,114 | €8,988 | -€1,126 | -11.1% |
| Recurring financial charges | 65 | €10,114 | €8,988 | -€1,126 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,738 | -€9,484 | +€4,254 | +31.0% |
| Income taxes | 67/77 | €2 | €5 | +€2 | +101.2% |
| Profit (loss) for the period | 9904 | -€13,741 | -€9,489 | +€4,252 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,741 | -€9,489 | +€4,252 | +30.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.