Whatever Works: 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.
Whatever Works
Largest movements
- Receivables within one year -€31,704
down €31,704 (-72.4%), from €43,817 to €12,113
of which Other amounts receivable: -€21,232
- Cash +€15,183
up €15,183 (+69.3%), from €21,921 to €37,104
mainly Receivables within one year (+€31,704) and Depreciation (+€7,239)
- Tangible fixed assets -€2,934
down €2,934 (-11.7%), from €25,178 to €22,244
of which Furniture and vehicles: -€4,942
- Tax, wage and social debts -€7,901
down €7,901 (-38.8%), from €20,347 to €12,446
of which Taxes: -€7,851
- Debts after one year -€6,245
down €6,245 (-30.3%), from €20,592 to €14,347
- Profit (loss) carried forward -€5,947
down €5,947 (-15.2%), from €39,204 to €33,258
- Gross operating margin -€28,425
down €28,425 (-88.4%), from €32,152 to €3,727
- Taxes -€5,841
down €5,841 (-89.1%), from €6,552 to €712
- Depreciation +€1,505
up €1,505 (+26.3%), from €5,733 to €7,239
- Other operating charges -€796
down €796 (-52.5%), from €1,514 to €719
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 | €91,354 | €71,813 | -€19,541 | -21.4% |
| Fixed assets | 21/28 | €25,178 | €22,244 | -€2,934 | -11.7% |
| Tangible fixed assets | 22/27 | €25,178 | €22,244 | -€2,934 | -11.7% |
| Furniture and vehicles | 24 | €25,178 | €20,236 | -€4,942 | -19.6% |
| Other tangible fixed assets | 26 | - | €2,008 | +€2,008 | |
| Current assets | 29/58 | €66,176 | €49,570 | -€16,607 | -25.1% |
| Amounts receivable within one year | 40/41 | €43,817 | €12,113 | -€31,704 | -72.4% |
| Trade receivables | 40 | €22,566 | €12,094 | -€10,472 | -46.4% |
| Other amounts receivable | 41 | €21,251 | €19 | -€21,232 | -99.9% |
| Cash at bank and in hand | 54/58 | €21,921 | €37,104 | +€15,183 | +69.3% |
| Deferred charges and accrued income | 490/1 | €438 | €353 | -€85 | -19.5% |
| Total equity and liabilities | 10/49 | €91,354 | €71,813 | -€19,541 | -21.4% |
| Equity | 10/15 | €42,204 | €36,258 | -€5,947 | -14.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,204 | €33,258 | -€5,947 | -15.2% |
| Amounts payable | 17/49 | €49,150 | €35,556 | -€13,594 | -27.7% |
| Amounts payable after more than one year | 17 | €20,592 | €14,347 | -€6,245 | -30.3% |
| Financial debts | 170/4 | €20,592 | €14,347 | -€6,245 | -30.3% |
| Amounts payable within one year | 42/48 | €28,558 | €21,209 | -€7,349 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €6,019 | €6,245 | +€226 | +3.8% |
| Financial debts | 43 | €11 | €218 | +€208 | +1888.1% |
| Credit institutions | 430/8 | €11 | €218 | +€208 | +1888.1% |
| Trade debts | 44 | €1,348 | €1,739 | +€390 | +29.0% |
| Suppliers | 440/4 | €1,348 | €1,739 | +€390 | +29.0% |
| Taxes, remuneration and social security | 45 | €20,347 | €12,446 | -€7,901 | -38.8% |
| Taxes | 450/3 | €17,669 | €9,818 | -€7,851 | -44.4% |
| Remuneration and social security | 454/9 | €2,678 | €2,628 | -€50 | -1.9% |
| Other amounts payable | 47/48 | €833 | €561 | -€272 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,733 | €7,239 | +€1,505 | +26.3% |
| Other operating charges | 640/8 | €1,514 | €719 | -€796 | -52.5% |
| Gross operating margin | 9900 | €32,152 | €3,727 | -€28,425 | -88.4% |
| Operating profit (loss) | 9901 | €24,904 | -€4,230 | -€29,135 | |
| Financial income | 75/76B | €111 | €1 | -€110 | -99.2% |
| Recurring financial income | 75 | €111 | €1 | -€110 | -99.2% |
| Financial charges | 65/66B | €1,018 | €1,005 | -€13 | -1.3% |
| Recurring financial charges | 65 | €1,018 | €1,005 | -€13 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €23,997 | -€5,235 | -€29,232 | |
| Income taxes | 67/77 | €6,552 | €712 | -€5,841 | -89.1% |
| Profit (loss) for the period | 9904 | €17,445 | -€5,947 | -€23,391 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,445 | -€5,947 | -€23,391 |
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 8 October 2026 via checked.be.