WERKENKUNST: 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.
WERKENKUNST
Largest movements
- Cash +€53,554
up €53,554 (+103.7%), from €51,660 to €105,214
mainly Net result for the year (+€42,636) and Other debts (+€40,205)
- Receivables within one year -€2,395
down €2,395 (-10.0%), from €23,948 to €21,554
of which Other amounts receivable: -€6,737
- Tangible fixed assets -€1,831
down €1,831 (-23.8%), from €7,678 to €5,847
of which Plant, machinery and equipment: -€1,338
- Other debts +€40,205
up €40,205 (+10318.1%), from €390 to €40,595
- Tax, wage and social debts +€3,757
up €3,757 (+35952.0%), from €10 to €3,767
of which Taxes: +€3,757
- Accrued charges and deferred income +€3,183
up €3,183 (+121.2%), from €2,625 to €5,808
- Profit (loss) carried forward +€2,386
up €2,386 (+3.1%), from €77,613 to €79,999
- Gross operating margin +€47,422
up €47,422 (+380.3%), from €12,471 to €59,893
- Taxes +€9,606
up €9,606 (+444.4%), from €2,161 to €11,767
- Write-downs -€1,318
down €1,318, from €1,000 to -€318
- Financial income -€805
down €805 (-76.4%), from €1,054 to €249
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 | €108,258 | €157,135 | +€48,877 | +45.1% |
| Fixed assets | 21/28 | €7,678 | €5,847 | -€1,831 | -23.8% |
| Tangible fixed assets | 22/27 | €7,678 | €5,847 | -€1,831 | -23.8% |
| Plant, machinery and equipment | 23 | €4,637 | €3,298 | -€1,338 | -28.9% |
| Furniture and vehicles | 24 | €171 | €0 | -€171 | -100.0% |
| Other tangible fixed assets | 26 | €2,871 | €2,549 | -€322 | -11.2% |
| Current assets | 29/58 | €100,580 | €151,288 | +€50,708 | +50.4% |
| Stocks and contracts in progress | 3 | €17,072 | €16,711 | -€361 | -2.1% |
| Stocks | 30/36 | €17,072 | €16,711 | -€361 | -2.1% |
| Amounts receivable within one year | 40/41 | €23,948 | €21,554 | -€2,395 | -10.0% |
| Trade receivables | 40 | €10,848 | €15,190 | +€4,342 | +40.0% |
| Other amounts receivable | 41 | €13,101 | €6,364 | -€6,737 | -51.4% |
| Cash at bank and in hand | 54/58 | €51,660 | €105,214 | +€53,554 | +103.7% |
| Deferred charges and accrued income | 490/1 | €7,900 | €7,810 | -€91 | -1.1% |
| Total equity and liabilities | 10/49 | €108,258 | €157,135 | +€48,877 | +45.1% |
| Equity | 10/15 | €97,163 | €99,549 | +€2,386 | +2.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,613 | €79,999 | +€2,386 | +3.1% |
| Amounts payable | 17/49 | €11,095 | €57,586 | +€46,490 | +419.0% |
| Amounts payable within one year | 42/48 | €8,470 | €51,777 | +€43,307 | +511.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €8,070 | €7,415 | -€655 | -8.1% |
| Suppliers | 440/4 | €8,070 | €7,415 | -€655 | -8.1% |
| Taxes, remuneration and social security | 45 | €10 | €3,767 | +€3,757 | +35952.0% |
| Taxes | 450/3 | €10 | €3,767 | +€3,757 | +35952.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €390 | €40,595 | +€40,205 | +10318.1% |
| Accrued charges and deferred income | 492/3 | €2,625 | €5,808 | +€3,183 | +121.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,073 | €3,048 | -€25 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,000 | -€318 | -€1,318 | |
| Other operating charges | 640/8 | €2,053 | €2,603 | +€551 | +26.8% |
| Gross operating margin | 9900 | €12,471 | €59,893 | +€47,422 | +380.3% |
| Operating profit (loss) | 9901 | €6,346 | €54,560 | +€48,214 | +759.8% |
| Financial income | 75/76B | €1,054 | €249 | -€805 | -76.4% |
| Recurring financial income | 75 | €1,054 | €249 | -€805 | -76.4% |
| Financial charges | 65/66B | €456 | €405 | -€51 | -11.3% |
| Recurring financial charges | 65 | €456 | €405 | -€51 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €6,943 | €54,404 | +€47,460 | +683.6% |
| Income taxes | 67/77 | €2,161 | €11,767 | +€9,606 | +444.4% |
| Profit (loss) for the period | 9904 | €4,782 | €42,636 | +€37,855 | +791.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,782 | €42,636 | +€37,855 | +791.7% |
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 4 October 2026 via checked.be.