WF WORKS: 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.
WF WORKS
Largest movements
- Receivables within one year -€15,850
down €15,850 (-36.6%), from €43,301 to €27,451
of which Trade receivables: -€17,405
- Tangible fixed assets -€10,145
down €10,145 (-24.8%), from €40,920 to €30,775
of which Leasing and similar rights: -€5,897
- Trade debts -€19,772
down €19,772 (-75.1%), from €26,341 to €6,569
- Debts after one year -€7,395
down €7,395 (-56.6%), from €13,065 to €5,670
- Reserves +€3,000
up €3,000 (+22.7%), from €13,200 to €16,200
- Tax, wage and social debts -€2,585
down €2,585 (-80.8%), from €3,200 to €615
- Other debts +€1,844
up €1,844 (+6.0%), from €30,547 to €32,391
- Gross operating margin -€12,638
down €12,638 (-35.9%), from €35,241 to €22,603
- Taxes -€1,205
down €1,205 (-37.6%), from €3,202 to €1,997
- Depreciation +€383
up €383 (+2.5%), from €15,342 to €15,725
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,244 | €80,080 | -€25,164 | -23.9% |
| Fixed assets | 21/28 | €40,920 | €30,775 | -€10,145 | -24.8% |
| Tangible fixed assets | 22/27 | €40,920 | €30,775 | -€10,145 | -24.8% |
| Plant, machinery and equipment | 23 | €12,656 | €13,433 | +€777 | +6.1% |
| Furniture and vehicles | 24 | €13,367 | €8,342 | -€5,025 | -37.6% |
| Leasing and similar rights | 25 | €14,896 | €8,999 | -€5,897 | -39.6% |
| Current assets | 29/58 | €64,324 | €49,306 | -€15,019 | -23.3% |
| Stocks and contracts in progress | 3 | €11,760 | €12,223 | +€463 | +3.9% |
| Stocks | 30/36 | €11,760 | €12,223 | +€463 | +3.9% |
| Amounts receivable within one year | 40/41 | €43,301 | €27,451 | -€15,850 | -36.6% |
| Trade receivables | 40 | €41,308 | €23,903 | -€17,405 | -42.1% |
| Other amounts receivable | 41 | €1,993 | €3,548 | +€1,555 | +78.0% |
| Cash at bank and in hand | 54/58 | €9,263 | €8,848 | -€415 | -4.5% |
| Deferred charges and accrued income | 490/1 | - | €783 | +€783 | |
| Total equity and liabilities | 10/49 | €105,244 | €80,080 | -€25,164 | -23.9% |
| Equity | 10/15 | €24,255 | €27,379 | +€3,124 | +12.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,200 | €16,200 | +€3,000 | +22.7% |
| Distributable reserves | 133 | €13,200 | €16,200 | +€3,000 | +22.7% |
| Profit (loss) carried forward | 14 | €6,055 | €6,179 | +€124 | +2.1% |
| Amounts payable | 17/49 | €80,989 | €52,701 | -€28,288 | -34.9% |
| Amounts payable after more than one year | 17 | €13,065 | €5,670 | -€7,395 | -56.6% |
| Financial debts | 170/4 | €13,065 | €5,670 | -€7,395 | -56.6% |
| Amounts payable within one year | 42/48 | €67,924 | €47,031 | -€20,893 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €7,836 | €7,455 | -€381 | -4.9% |
| Trade debts | 44 | €26,341 | €6,569 | -€19,772 | -75.1% |
| Suppliers | 440/4 | €26,341 | €6,569 | -€19,772 | -75.1% |
| Taxes, remuneration and social security | 45 | €3,200 | €615 | -€2,585 | -80.8% |
| Taxes | 450/3 | €3,200 | €615 | -€2,585 | -80.8% |
| Other amounts payable | 47/48 | €30,547 | €32,391 | +€1,844 | +6.0% |
| Non-recurring operating income | 76A | €10,661 | - | -€10,661 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,342 | €15,725 | +€383 | +2.5% |
| Other operating charges | 640/8 | €1,212 | €955 | -€256 | -21.2% |
| Gross operating margin | 9900 | €35,241 | €22,603 | -€12,638 | -35.9% |
| Operating profit (loss) | 9901 | €18,687 | €5,923 | -€12,764 | -68.3% |
| Financial income | 75/76B | - | €278 | +€278 | |
| Recurring financial income | 75 | - | €278 | +€278 | |
| Financial charges | 65/66B | €1,291 | €1,080 | -€211 | -16.4% |
| Recurring financial charges | 65 | €1,291 | €1,080 | -€211 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €17,396 | €5,121 | -€12,275 | -70.6% |
| Income taxes | 67/77 | €3,202 | €1,997 | -€1,205 | -37.6% |
| Profit (loss) for the period | 9904 | €14,194 | €3,124 | -€11,070 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,194 | €3,124 | -€11,070 | -78.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.