WOK 49: 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.
WOK 49
Largest movements
- Tangible fixed assets -€6,647
down €6,647 (-23.7%), from €28,081 to €21,435
of which Plant, machinery and equipment: -€5,264
- Cash -€5,358
down €5,358 (-6.8%), from €78,312 to €72,954
mainly Net result for the year (-€13,575) and Other debts (-€5,278)
- Reserves -€13,575
down €13,575 (-18.8%), from €72,290 to €58,715
of which Distributable reserves: -€13,575
- Other debts -€5,278
no longer reported in 2025 (was €5,278)
- Trade debts +€3,809
up €3,809 (+23.1%), from €16,510 to €20,319
- Tax, wage and social debts +€1,461
up €1,461 (+8.9%), from €16,394 to €17,855
of which Remuneration and social security: +€935
- Staff costs +€39,053
up €39,053 (+55.2%), from €70,797 to €109,850
- Gross operating margin +€9,561
up €9,561 (+9.2%), from €103,777 to €113,338
- Other operating charges +€5,115
up €5,115 (+217%), from €2,357 to €7,472
- Taxes -€4,567
down €4,567 (-83.0%), from €5,500 to €933
- Financial charges +€2,109
up €2,109 (+1,098%), from €192 to €2,301
From the 31-12-2024 result to the 31-12-2025 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.
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,528 | €119,945 | -€13,583 | -10.2% |
| Fixed assets | 21/28 | €29,081 | €22,435 | -€6,647 | -22.9% |
| Tangible fixed assets | 22/27 | €28,081 | €21,435 | -€6,647 | -23.7% |
| Plant, machinery and equipment | 23 | €26,689 | €21,425 | -€5,264 | -19.7% |
| Furniture and vehicles | 24 | €1,393 | €10 | -€1,383 | -99.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €104,447 | €97,510 | -€6,936 | -6.6% |
| Stocks and contracts in progress | 3 | €4,013 | €2,897 | -€1,116 | -27.8% |
| Stocks | 30/36 | €4,013 | €2,897 | -€1,116 | -27.8% |
| Amounts receivable within one year | 40/41 | €22,122 | €21,660 | -€463 | -2.1% |
| Trade receivables | 40 | €11,718 | €9,887 | -€1,831 | -15.6% |
| Other amounts receivable | 41 | €10,404 | €11,773 | +€1,368 | +13.2% |
| Cash at bank and in hand | 54/58 | €78,312 | €72,954 | -€5,358 | -6.8% |
| Total equity and liabilities | 10/49 | €133,528 | €119,945 | -€13,583 | -10.2% |
| Equity | 10/15 | €90,890 | €77,315 | -€13,575 | -14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,290 | €58,715 | -€13,575 | -18.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,430 | €56,855 | -€13,575 | -19.3% |
| Amounts payable | 17/49 | €42,638 | €42,630 | -€8 | 0.0% |
| Amounts payable within one year | 42/48 | €38,182 | €38,174 | -€8 | 0.0% |
| Trade debts | 44 | €16,510 | €20,319 | +€3,809 | +23.1% |
| Suppliers | 440/4 | €16,510 | €20,319 | +€3,809 | +23.1% |
| Taxes, remuneration and social security | 45 | €16,394 | €17,855 | +€1,461 | +8.9% |
| Taxes | 450/3 | €8,007 | €8,533 | +€526 | +6.6% |
| Remuneration and social security | 454/9 | €8,387 | €9,322 | +€935 | +11.1% |
| Other amounts payable | 47/48 | €5,278 | - | -€5,278 | |
| Accrued charges and deferred income | 492/3 | €4,456 | €4,456 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €70,797 | €109,850 | +€39,053 | +55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,728 | €6,647 | -€81 | -1.2% |
| Other operating charges | 640/8 | €2,357 | €7,472 | +€5,115 | +217% |
| Gross operating margin | 9900 | €103,777 | €113,338 | +€9,561 | +9.2% |
| Operating profit (loss) | 9901 | €23,895 | -€10,631 | -€34,526 | |
| Financial income | 75/76B | - | €290 | +€290 | |
| Recurring financial income | 75 | - | €290 | +€290 | |
| Non-recurring financial income | 76B | - | €290 | +€290 | |
| Financial charges | 65/66B | €192 | €2,301 | +€2,109 | +1,098% |
| Recurring financial charges | 65 | €192 | €2,301 | +€2,109 | +1,098% |
| Profit (loss) for the period before taxes | 9903 | €23,703 | -€12,642 | -€36,345 | |
| Income taxes | 67/77 | €5,500 | €933 | -€4,567 | -83.0% |
| Profit (loss) for the period | 9904 | €18,203 | -€13,575 | -€31,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,203 | -€13,575 | -€31,777 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.