WERKwoord: what changed
WERKwoord
Largest movements
- Cash -€86,210
down €86,210 (-32.2%), from €267,667 to €181,457
mainly Contributions, distributions and other (-€92,025) and Other debts (-€39,990)
- Receivables within one year -€11,874
down €11,874 (-35.8%), from €33,123 to €21,249
of which Trade receivables: -€12,211
- Tangible fixed assets -€8,036
down €8,036 (-31.1%), from €25,872 to €17,835
of which Furniture and vehicles: -€5,356
- Reserves -€59,837
down €59,837 (-22.3%), from €268,811 to €208,974
of which Distributable reserves: -€59,837
- Other debts -€39,990
down €39,990 (-100%), from €39,990 to €0
- Tax, wage and social debts -€4,409
down €4,409 (-42.9%), from €10,281 to €5,872
- Gross operating margin -€60,736
down €60,736 (-53.6%), from €113,314 to €52,578
- Taxes -€16,783
down €16,783 (-56.8%), from €29,530 to €12,747
- Depreciation +€3,670
up €3,670 (+84.1%), from €4,366 to €8,036
- Financial charges -€2,754
down €2,754 (-95.8%), from €2,874 to €120
- Financial income +€1,241
up €1,241 (+6,205,550%), from €0 to €1,241
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,870 | €223,312 | -€105,558 | -32.1% |
| Fixed assets | 21/28 | €25,872 | €17,835 | -€8,036 | -31.1% |
| Tangible fixed assets | 22/27 | €25,872 | €17,835 | -€8,036 | -31.1% |
| Land and buildings | 22 | €15,338 | €12,689 | -€2,649 | -17.3% |
| Plant, machinery and equipment | 23 | €31 | €0 | -€31 | -100% |
| Furniture and vehicles | 24 | €10,502 | €5,146 | -€5,356 | -51.0% |
| Current assets | 29/58 | €302,998 | €205,477 | -€97,521 | -32.2% |
| Amounts receivable within one year | 40/41 | €33,123 | €21,249 | -€11,874 | -35.8% |
| Trade receivables | 40 | €27,423 | €15,212 | -€12,211 | -44.5% |
| Other amounts receivable | 41 | €5,701 | €6,037 | +€336 | +5.9% |
| Cash at bank and in hand | 54/58 | €267,667 | €181,457 | -€86,210 | -32.2% |
| Deferred charges and accrued income | 490/1 | €2,208 | €2,771 | +€564 | +25.5% |
| Total equity and liabilities | 10/49 | €328,870 | €223,312 | -€105,558 | -32.1% |
| Equity | 10/15 | €275,011 | €215,174 | -€59,837 | -21.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €268,811 | €208,974 | -€59,837 | -22.3% |
| Tax-exempt reserves | 132 | €82 | €82 | = | 0.0% |
| Distributable reserves | 133 | €268,729 | €208,892 | -€59,837 | -22.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €53,859 | €8,138 | -€45,720 | -84.9% |
| Amounts payable within one year | 42/48 | €53,859 | €8,138 | -€45,720 | -84.9% |
| Trade debts | 44 | €3,588 | €2,266 | -€1,322 | -36.8% |
| Suppliers | 440/4 | €3,588 | €2,266 | -€1,322 | -36.8% |
| Taxes, remuneration and social security | 45 | €10,281 | €5,872 | -€4,409 | -42.9% |
| Taxes | 450/3 | €10,281 | €5,872 | -€4,409 | -42.9% |
| Other amounts payable | 47/48 | €39,990 | €0 | -€39,990 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,366 | €8,036 | +€3,670 | +84.1% |
| Other operating charges | 640/8 | €837 | €729 | -€108 | -12.9% |
| Gross operating margin | 9900 | €113,314 | €52,578 | -€60,736 | -53.6% |
| Operating profit (loss) | 9901 | €108,111 | €43,813 | -€64,298 | -59.5% |
| Financial income | 75/76B | €0 | €1,241 | +€1,241 | +6,205,550% |
| Recurring financial income | 75 | €0 | €1,241 | +€1,241 | +6,205,550% |
| Financial charges | 65/66B | €2,874 | €120 | -€2,754 | -95.8% |
| Recurring financial charges | 65 | €2,874 | €120 | -€2,754 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €105,238 | €44,935 | -€60,303 | -57.3% |
| Income taxes | 67/77 | €29,530 | €12,747 | -€16,783 | -56.8% |
| Profit (loss) for the period | 9904 | €75,708 | €32,187 | -€43,520 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,708 | €32,187 | -€43,520 | -57.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.