WERKEN/OEUVRES: 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.
WERKEN/OEUVRES
Largest movements
- Cash -€7,663
down €7,663 (-47.6%), from €16,089 to €8,426
mainly Other debts (-€19,651) and Receivables within one year (-€5,199)
- Receivables within one year +€5,199
up €5,199 (+61.0%), from €8,525 to €13,724
of which Trade receivables: +€4,559
- Tangible fixed assets -€2,323
down €2,323 (-15.6%), from €14,926 to €12,603
of which Plant, machinery and equipment: -€1,330
- Other debts -€19,651
down €19,651 (-88.3%), from €22,247 to €2,596
- Profit (loss) carried forward +€9,946
up €9,946, from -€9,946 to €0
- Reserves +€5,182
up €5,182 (+28.9%), from €17,905 to €23,087
- Gross operating margin +€31,965
up €31,965, from -€10,852 to €21,113
- Taxes +€659
new in 2025: €659
- Depreciation +€284
up €284 (+7.3%), from €3,869 to €4,153
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 | €40,629 | €36,191 | -€4,439 | -10.9% |
| Fixed assets | 21/28 | €14,926 | €12,603 | -€2,323 | -15.6% |
| Tangible fixed assets | 22/27 | €14,926 | €12,603 | -€2,323 | -15.6% |
| Plant, machinery and equipment | 23 | €7,907 | €6,577 | -€1,330 | -16.8% |
| Furniture and vehicles | 24 | €7,019 | €6,026 | -€993 | -14.2% |
| Current assets | 29/58 | €25,703 | €23,588 | -€2,116 | -8.2% |
| Amounts receivable within one year | 40/41 | €8,525 | €13,724 | +€5,199 | +61.0% |
| Trade receivables | 40 | €3,501 | €8,059 | +€4,559 | +130% |
| Other amounts receivable | 41 | €5,025 | €5,665 | +€640 | +12.7% |
| Cash at bank and in hand | 54/58 | €16,089 | €8,426 | -€7,663 | -47.6% |
| Deferred charges and accrued income | 490/1 | €1,089 | €1,437 | +€348 | +32.0% |
| Total equity and liabilities | 10/49 | €40,629 | €36,191 | -€4,439 | -10.9% |
| Equity | 10/15 | €14,174 | €29,303 | +€15,129 | +107% |
| Contributions | 10/11 | €6,215 | €6,215 | = | 0.0% |
| Reserves | 13 | €17,905 | €23,087 | +€5,182 | +28.9% |
| Distributable reserves | 133 | €17,905 | €23,087 | +€5,182 | +28.9% |
| Profit (loss) carried forward | 14 | -€9,946 | €0 | +€9,946 | |
| Amounts payable | 17/49 | €26,455 | €6,888 | -€19,567 | -74.0% |
| Amounts payable within one year | 42/48 | €26,455 | €6,888 | -€19,567 | -74.0% |
| Financial debts | 43 | €324 | €115 | -€209 | -64.4% |
| Credit institutions | 430/8 | €324 | €115 | -€209 | -64.4% |
| Trade debts | 44 | €553 | €679 | +€126 | +22.8% |
| Suppliers | 440/4 | €553 | €679 | +€126 | +22.8% |
| Taxes, remuneration and social security | 45 | €3,332 | €3,498 | +€166 | +5.0% |
| Taxes | 450/3 | €3,332 | €3,498 | +€166 | +5.0% |
| Other amounts payable | 47/48 | €22,247 | €2,596 | -€19,651 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,869 | €4,153 | +€284 | +7.3% |
| Other operating charges | 640/8 | €861 | €1,035 | +€174 | +20.2% |
| Gross operating margin | 9900 | -€10,852 | €21,113 | +€31,965 | |
| Operating profit (loss) | 9901 | -€15,582 | €15,925 | +€31,507 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €149 | €137 | -€12 | -8.0% |
| Recurring financial charges | 65 | €149 | €137 | -€12 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,731 | €15,788 | +€31,519 | |
| Income taxes | 67/77 | - | €659 | +€659 | |
| Profit (loss) for the period | 9904 | -€15,731 | €15,129 | +€30,860 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,731 | €15,129 | +€30,860 |
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 30 October 2026 via checked.be.