What a Work: 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.
What a Work
Largest movements
- Cash -€58,330
down €58,330 (-44.8%), from €130,245 to €71,915
mainly Net result for the year (-€48,751) and Tax, wage and social debts (-€15,369)
- Tangible fixed assets -€7,715
down €7,715 (-46.1%), from €16,730 to €9,015
- Receivables within one year +€2,101
up €2,101 (+34.3%), from €6,123 to €8,225
of which Trade receivables: +€2,562
- Reserves -€49,000
down €49,000 (-36.9%), from €132,826 to €83,826
- Tax, wage and social debts -€15,369
down €15,369 (-97.0%), from €15,848 to €479
of which Taxes: -€15,369
- Gross operating margin -€112,742
down €112,742, from €72,677 to -€40,065
- Taxes -€8,500
down €8,500 (-98.0%), from €8,677 to €177
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 | €155,129 | €92,020 | -€63,109 | -40.7% |
| Formation expenses | 20 | €1,474 | €973 | -€501 | -34.0% |
| Fixed assets | 21/28 | €16,730 | €9,015 | -€7,715 | -46.1% |
| Tangible fixed assets | 22/27 | €16,730 | €9,015 | -€7,715 | -46.1% |
| Furniture and vehicles | 24 | €16,730 | €9,015 | -€7,715 | -46.1% |
| Current assets | 29/58 | €136,925 | €82,032 | -€54,893 | -40.1% |
| Amounts receivable within one year | 40/41 | €6,123 | €8,225 | +€2,101 | +34.3% |
| Trade receivables | 40 | €198 | €2,760 | +€2,562 | +1294.5% |
| Other amounts receivable | 41 | €5,925 | €5,465 | -€461 | -7.8% |
| Cash at bank and in hand | 54/58 | €130,245 | €71,915 | -€58,330 | -44.8% |
| Deferred charges and accrued income | 490/1 | €557 | €1,893 | +€1,336 | +239.7% |
| Total equity and liabilities | 10/49 | €155,129 | €92,020 | -€63,109 | -40.7% |
| Equity | 10/15 | €137,274 | €88,523 | -€48,751 | -35.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €132,826 | €83,826 | -€49,000 | -36.9% |
| Distributable reserves | 133 | €132,826 | €83,826 | -€49,000 | -36.9% |
| Profit (loss) carried forward | 14 | €448 | €697 | +€249 | +55.6% |
| Amounts payable | 17/49 | €17,856 | €3,498 | -€14,358 | -80.4% |
| Amounts payable within one year | 42/48 | €17,856 | €3,498 | -€14,358 | -80.4% |
| Trade debts | 44 | €2,008 | €3,019 | +€1,011 | +50.3% |
| Suppliers | 440/4 | €2,008 | €3,019 | +€1,011 | +50.3% |
| Taxes, remuneration and social security | 45 | €15,848 | €479 | -€15,369 | -97.0% |
| Taxes | 450/3 | €15,848 | €479 | -€15,369 | -97.0% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,922 | €8,216 | +€294 | +3.7% |
| Other operating charges | 640/8 | €422 | €295 | -€126 | -30.0% |
| Gross operating margin | 9900 | €72,677 | -€40,065 | -€112,742 | |
| Operating profit (loss) | 9901 | €64,334 | -€48,576 | -€112,910 | |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €209 | €52 | -€157 | -75.0% |
| Recurring financial charges | 65 | €209 | €52 | -€157 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €64,125 | -€48,574 | -€112,699 | |
| Income taxes | 67/77 | €8,677 | €177 | -€8,500 | -98.0% |
| Profit (loss) for the period | 9904 | €55,448 | -€48,751 | -€104,199 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,448 | -€48,751 | -€104,199 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.