WERKLUST: 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.
WERKLUST
Largest movements
- Current investments +€27,500
up €27,500 (+51.7%), from €53,200 to €80,700
- Cash +€14,252
up €14,252 (+350.5%), from €4,066 to €18,318
mainly Net result for the year (+€35,077) and Tax, wage and social debts (+€11,926)
- Receivables within one year +€7,920
up €7,920 (+11.3%), from €70,119 to €78,039
of which Trade receivables: +€7,059
- Tangible fixed assets +€6,280
up €6,280 (+242.2%), from €2,593 to €8,873
of which Furniture and vehicles: +€6,750
- Profit (loss) carried forward +€35,077
up €35,077 (+34.9%), from €100,496 to €135,573
- Tax, wage and social debts +€11,926
up €11,926 (+44.2%), from €26,984 to €38,910
- Debts after one year +€5,701
new in 2025: €5,701
- Current portion of long-term debt +€2,176
new in 2025: €2,176
- Gross operating margin -€79,314
down €79,314 (-61.7%), from €128,517 to €49,203
- Taxes -€14,940
down €14,940 (-55.4%), from €26,984 to €12,044
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 | €130,527 | €186,495 | +€55,969 | +42.9% |
| Fixed assets | 21/28 | €2,593 | €8,873 | +€6,280 | +242.2% |
| Tangible fixed assets | 22/27 | €2,593 | €8,873 | +€6,280 | +242.2% |
| Plant, machinery and equipment | 23 | €2,239 | €1,768 | -€471 | -21.0% |
| Furniture and vehicles | 24 | €354 | €7,105 | +€6,750 | +1905.1% |
| Current assets | 29/58 | €127,934 | €177,623 | +€49,689 | +38.8% |
| Amounts receivable within one year | 40/41 | €70,119 | €78,039 | +€7,920 | +11.3% |
| Trade receivables | 40 | €49,960 | €57,019 | +€7,059 | +14.1% |
| Other amounts receivable | 41 | €20,159 | €21,020 | +€861 | +4.3% |
| Current investments | 50/53 | €53,200 | €80,700 | +€27,500 | +51.7% |
| Cash at bank and in hand | 54/58 | €4,066 | €18,318 | +€14,252 | +350.5% |
| Deferred charges and accrued income | 490/1 | €548 | €565 | +€17 | +3.1% |
| Total equity and liabilities | 10/49 | €130,527 | €186,495 | +€55,969 | +42.9% |
| Equity | 10/15 | €101,496 | €136,573 | +€35,077 | +34.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,496 | €135,573 | +€35,077 | +34.9% |
| Amounts payable | 17/49 | €29,030 | €49,922 | +€20,892 | +72.0% |
| Amounts payable after more than one year | 17 | - | €5,701 | +€5,701 | |
| Financial debts | 170/4 | - | €5,701 | +€5,701 | |
| Amounts payable within one year | 42/48 | €29,030 | €44,221 | +€15,191 | +52.3% |
| Current portion of amounts payable after more than one year | 42 | - | €2,176 | +€2,176 | |
| Trade debts | 44 | €2,046 | €3,135 | +€1,089 | +53.2% |
| Suppliers | 440/4 | €2,046 | €3,135 | +€1,089 | +53.2% |
| Taxes, remuneration and social security | 45 | €26,984 | €38,910 | +€11,926 | +44.2% |
| Taxes | 450/3 | €26,984 | €38,910 | +€11,926 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €673 | €1,914 | +€1,241 | +184.3% |
| Other operating charges | 640/8 | €862 | €831 | -€30 | -3.5% |
| Gross operating margin | 9900 | €128,517 | €49,203 | -€79,314 | -61.7% |
| Operating profit (loss) | 9901 | €126,982 | €46,458 | -€80,524 | -63.4% |
| Financial income | 75/76B | €593 | €1,084 | +€491 | +82.8% |
| Recurring financial income | 75 | €593 | €1,084 | +€491 | +82.8% |
| Financial charges | 65/66B | €95 | €421 | +€327 | +344.3% |
| Recurring financial charges | 65 | €95 | €421 | +€327 | +344.3% |
| Profit (loss) for the period before taxes | 9903 | €127,480 | €47,120 | -€80,360 | -63.0% |
| Income taxes | 67/77 | €26,984 | €12,044 | -€14,940 | -55.4% |
| Profit (loss) for the period | 9904 | €100,496 | €35,077 | -€65,420 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €100,496 | €35,077 | -€65,420 | -65.1% |
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 30 September 2026 via checked.be.