WOK 688: 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 688
Largest movements
- Receivables within one year +€140,901
up €140,901 (+72.3%), from €195,014 to €335,915
of which Other amounts receivable: +€82,006
- Cash -€40,617
down €40,617 (-25.1%), from €161,512 to €120,895
mainly Receivables within one year (-€140,901) and Trade debts (-€7,314)
- Tangible fixed assets -€13,878
down €13,878 (-17.0%), from €81,759 to €67,882
of which Plant, machinery and equipment: -€65,871
- Deferred charges and accrued income -€6,334
down €6,334 (-89.1%), from €7,111 to €777
- Profit (loss) carried forward +€75,881
up €75,881 (+39.2%), from €193,337 to €269,218
- Tax, wage and social debts +€11,748
up €11,748 (+21.2%), from €55,486 to €67,234
of which Remuneration and social security: +€12,076
- Trade debts -€7,314
down €7,314 (-3.9%), from €186,629 to €179,315
- Gross operating margin +€68,610
up €68,610 (+27.1%), from €253,076 to €321,687
- Staff costs +€54,067
up €54,067 (+46.7%), from €115,658 to €169,726
- Financial charges +€17,566
up €17,566 (+370%), from €4,747 to €22,313
- Financial income -€5,011
down €5,011 (-69.7%), from €7,193 to €2,182
- Other operating charges +€3,908
up €3,908 (+31.2%), from €12,509 to €16,416
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.
Derived cash bridge
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 | €456,960 | €536,570 | +€79,610 | +17.4% |
| Fixed assets | 21/28 | €81,759 | €67,882 | -€13,878 | -17.0% |
| Tangible fixed assets | 22/27 | €81,759 | €67,882 | -€13,878 | -17.0% |
| Land and buildings | 22 | - | €57,303 | +€57,303 | |
| Plant, machinery and equipment | 23 | €67,341 | €1,470 | -€65,871 | -97.8% |
| Furniture and vehicles | 24 | €14,418 | €9,108 | -€5,310 | -36.8% |
| Current assets | 29/58 | €375,201 | €468,689 | +€93,488 | +24.9% |
| Stocks and contracts in progress | 3 | €11,564 | €11,102 | -€462 | -4.0% |
| Stocks | 30/36 | €11,564 | €11,102 | -€462 | -4.0% |
| Amounts receivable within one year | 40/41 | €195,014 | €335,915 | +€140,901 | +72.3% |
| Trade receivables | 40 | €17,822 | €76,717 | +€58,895 | +330% |
| Other amounts receivable | 41 | €177,192 | €259,198 | +€82,006 | +46.3% |
| Cash at bank and in hand | 54/58 | €161,512 | €120,895 | -€40,617 | -25.1% |
| Deferred charges and accrued income | 490/1 | €7,111 | €777 | -€6,334 | -89.1% |
| Total equity and liabilities | 10/49 | €456,960 | €536,570 | +€79,610 | +17.4% |
| Equity | 10/15 | €213,342 | €289,223 | +€75,881 | +35.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,405 | €1,405 | = | 0.0% |
| Non-distributable reserves | 130/1 | €905 | - | -€905 | |
| Reserves not available under the articles | 1311 | €905 | - | -€905 | |
| Tax-exempt reserves | 132 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | - | €905 | +€905 | |
| Profit (loss) carried forward | 14 | €193,337 | €269,218 | +€75,881 | +39.2% |
| Amounts payable | 17/49 | €243,618 | €247,348 | +€3,729 | +1.5% |
| Amounts payable within one year | 42/48 | €243,618 | €247,348 | +€3,729 | +1.5% |
| Trade debts | 44 | €186,629 | €179,315 | -€7,314 | -3.9% |
| Suppliers | 440/4 | €186,629 | €179,315 | -€7,314 | -3.9% |
| Taxes, remuneration and social security | 45 | €55,486 | €67,234 | +€11,748 | +21.2% |
| Taxes | 450/3 | €38,482 | €38,154 | -€328 | -0.9% |
| Remuneration and social security | 454/9 | €17,004 | €29,080 | +€12,076 | +71.0% |
| Other amounts payable | 47/48 | €1,504 | €799 | -€705 | -46.9% |
| Non-recurring operating income | 76A | €788 | - | -€788 | |
| Remuneration, social security and pensions | 62 | €115,658 | €169,726 | +€54,067 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,081 | €13,878 | -€203 | -1.4% |
| Other operating charges | 640/8 | €12,509 | €16,416 | +€3,908 | +31.2% |
| Non-recurring operating charges | 66A | €18,365 | - | -€18,365 | |
| Gross operating margin | 9900 | €253,076 | €321,687 | +€68,610 | +27.1% |
| Operating profit (loss) | 9901 | €92,464 | €121,667 | +€29,203 | +31.6% |
| Financial income | 75/76B | €7,193 | €2,182 | -€5,011 | -69.7% |
| Recurring financial income | 75 | €7,193 | €2,182 | -€5,011 | -69.7% |
| Financial charges | 65/66B | €4,747 | €22,313 | +€17,566 | +370% |
| Recurring financial charges | 65 | €4,747 | €22,313 | +€17,566 | +370% |
| Profit (loss) for the period before taxes | 9903 | €94,909 | €101,535 | +€6,626 | +7.0% |
| Income taxes | 67/77 | €29,425 | €25,655 | -€3,771 | -12.8% |
| Profit (loss) for the period | 9904 | €65,484 | €75,881 | +€10,397 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,484 | €75,881 | +€10,397 | +15.9% |
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 25 October 2026 via checked.be.