Werkstroomm: 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.
Werkstroomm
Largest movements
- Receivables within one year +€175,445
up €175,445 (+31.3%), from €560,920 to €736,365
of which Trade receivables: +€249,457
- Cash +€166,742
up €166,742 (+82.4%), from €202,382 to €369,124
mainly Net result for the year (+€235,027) and Debts within one year (+€107,860)
- Current investments +€29,015
up €29,015 (+7.3%), from €400,155 to €429,170
- Profit (loss) carried forward +€235,027
up €235,027 (+112.3%), from €209,264 to €444,291
- Debts within one year +€107,860
up €107,860 (+25.7%), from €420,465 to €528,325
of which Trade debts: +€65,218
- Provisions +€17,941
new in 2024: €17,941
- Gross operating margin +€945,929
up €945,929 (+99.6%), from €949,421 to €1.9m
- Staff costs +€889,737
up €889,737 (+126.1%), from €705,703 to €1.6m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,202,358 | €1,565,540 | +€363,182 | +30.2% |
| Fixed assets | 21/28 | €33,310 | €29,131 | -€4,179 | -12.5% |
| Tangible fixed assets | 22/27 | €33,310 | €29,131 | -€4,179 | -12.5% |
| Plant, machinery and equipment | 23 | €11,999 | €22,439 | +€10,440 | +87.0% |
| Furniture and vehicles | 24 | €6,333 | €6,692 | +€359 | +5.7% |
| Other tangible fixed assets | 26 | €14,978 | - | -€14,978 | |
| Current assets | 29/58 | €1,169,048 | €1,536,409 | +€367,361 | +31.4% |
| Amounts receivable within one year | 40/41 | €560,920 | €736,365 | +€175,445 | +31.3% |
| Trade receivables | 40 | €212,113 | €461,570 | +€249,457 | +117.6% |
| Other amounts receivable | 41 | €348,807 | €274,795 | -€74,012 | -21.2% |
| Current investments | 50/53 | €400,155 | €429,170 | +€29,015 | +7.3% |
| Cash at bank and in hand | 54/58 | €202,382 | €369,124 | +€166,742 | +82.4% |
| Deferred charges and accrued income | 490/1 | €5,591 | €1,750 | -€3,841 | -68.7% |
| Total equity and liabilities | 10/49 | €1,202,358 | €1,565,540 | +€363,182 | +30.2% |
| Equity | 10/15 | €767,249 | €999,331 | +€232,082 | +30.2% |
| Contributions | 10/11 | €555,040 | €555,040 | = | 0.0% |
| Capital | 10 | €555,040 | €555,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,264 | €444,291 | +€235,027 | +112.3% |
| Investment grants | 15 | €2,945 | - | -€2,945 | |
| Provisions and deferred taxes | 16 | - | €17,941 | +€17,941 | |
| Provisions for liabilities and charges | 160/5 | - | €17,941 | +€17,941 | |
| Other liabilities and charges | 164/5 | - | €17,941 | +€17,941 | |
| Amounts payable | 17/49 | €435,109 | €548,268 | +€113,159 | +26.0% |
| Amounts payable within one year | 42/48 | €420,465 | €528,325 | +€107,860 | +25.7% |
| Trade debts | 44 | €111,753 | €176,971 | +€65,218 | +58.4% |
| Suppliers | 440/4 | €111,753 | €176,971 | +€65,218 | +58.4% |
| Advances received on contracts in progress | 46 | €44,000 | €44,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €207,787 | €218,351 | +€10,564 | +5.1% |
| Taxes | 450/3 | €7,027 | €30,580 | +€23,553 | +335.2% |
| Remuneration and social security | 454/9 | €200,760 | €187,771 | -€12,989 | -6.5% |
| Accrued charges and deferred income | 492/3 | €14,644 | €19,943 | +€5,299 | +36.2% |
| Remuneration, social security and pensions | 62 | €705,703 | €1,595,440 | +€889,737 | +126.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,240 | €24,723 | +€5,483 | +28.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,941 | +€17,941 | |
| Other operating charges | 640/8 | €13,589 | €19,978 | +€6,389 | +47.0% |
| Gross operating margin | 9900 | €949,421 | €1,895,350 | +€945,929 | +99.6% |
| Operating profit (loss) | 9901 | €210,889 | €237,268 | +€26,379 | +12.5% |
| Financial income | 75/76B | €210 | €3,215 | +€3,005 | +1431.0% |
| Recurring financial income | 75 | €210 | €3,215 | +€3,005 | +1431.0% |
| Financial charges | 65/66B | €1,835 | €5,456 | +€3,621 | +197.3% |
| Recurring financial charges | 65 | €1,835 | €5,456 | +€3,621 | +197.3% |
| Profit (loss) for the period before taxes | 9903 | €209,264 | €235,027 | +€25,763 | +12.3% |
| Profit (loss) for the period | 9904 | €209,264 | €235,027 | +€25,763 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €209,264 | €235,027 | +€25,763 | +12.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.