WOK CHEN: 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 CHEN
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€374,893
down €374,893 (-69.1%), from €542,239 to €167,346
mainly Current investments (-€500,000) and Trade debts (-€43,285)
- Tangible fixed assets -€32,379
down €32,379 (-18.8%), from €171,820 to €139,441
of which Furniture and vehicles: -€21,469
- Receivables within one year -€29,993
down €29,993 (-41.1%), from €73,043 to €43,050
- Deferred charges and accrued income +€11,361
up €11,361 (+429%), from €2,650 to €14,011
- Reserves +€73,500
up €73,500 (+16.3%), from €451,000 to €524,500
of which Distributable reserves: +€73,500
- Trade debts -€43,285
down €43,285 (-58.6%), from €73,816 to €30,530
- Tax, wage and social debts +€30,917
up €30,917 (+35.6%), from €86,744 to €117,661
of which Remuneration and social security: +€26,295
- Other debts +€11,232
new in 2025: €11,232
- Gross operating margin +€154,985
up €154,985 (+32.4%), from €478,853 to €633,839
- Staff costs +€96,628
up €96,628 (+26.0%), from €371,618 to €468,245
- Financial income -€10,633
down €10,633 (-73.6%), from €14,441 to €3,808
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 | €820,910 | €893,719 | +€72,809 | +8.9% |
| Fixed assets | 21/28 | €192,395 | €160,016 | -€32,379 | -16.8% |
| Tangible fixed assets | 22/27 | €171,820 | €139,441 | -€32,379 | -18.8% |
| Plant, machinery and equipment | 23 | - | €2,583 | +€2,583 | |
| Furniture and vehicles | 24 | €66,306 | €44,837 | -€21,469 | -32.4% |
| Other tangible fixed assets | 26 | €105,514 | €92,022 | -€13,492 | -12.8% |
| Financial fixed assets | 28 | €20,575 | €20,575 | = | 0.0% |
| Current assets | 29/58 | €628,515 | €733,703 | +€105,187 | +16.7% |
| Stocks and contracts in progress | 3 | €10,583 | €9,296 | -€1,287 | -12.2% |
| Stocks | 30/36 | €10,583 | €9,296 | -€1,287 | -12.2% |
| Amounts receivable within one year | 40/41 | €73,043 | €43,050 | -€29,993 | -41.1% |
| Other amounts receivable | 41 | €73,043 | €43,050 | -€29,993 | -41.1% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €542,239 | €167,346 | -€374,893 | -69.1% |
| Deferred charges and accrued income | 490/1 | €2,650 | €14,011 | +€11,361 | +429% |
| Total equity and liabilities | 10/49 | €820,910 | €893,719 | +€72,809 | +8.9% |
| Equity | 10/15 | €573,916 | €647,548 | +€73,632 | +12.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €451,000 | €524,500 | +€73,500 | +16.3% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €446,000 | €519,500 | +€73,500 | +16.5% |
| Profit (loss) carried forward | 14 | €72,916 | €73,048 | +€132 | +0.2% |
| Amounts payable | 17/49 | €246,994 | €246,171 | -€823 | -0.3% |
| Amounts payable after more than one year | 17 | €80,000 | €80,000 | = | 0.0% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €166,994 | €166,171 | -€823 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €6,434 | €6,747 | +€313 | +4.9% |
| Trade debts | 44 | €73,816 | €30,530 | -€43,285 | -58.6% |
| Suppliers | 440/4 | €73,816 | €30,530 | -€43,285 | -58.6% |
| Taxes, remuneration and social security | 45 | €86,744 | €117,661 | +€30,917 | +35.6% |
| Taxes | 450/3 | €21,967 | €26,589 | +€4,623 | +21.0% |
| Remuneration and social security | 454/9 | €64,777 | €91,072 | +€26,295 | +40.6% |
| Other amounts payable | 47/48 | - | €11,232 | +€11,232 | |
| Remuneration, social security and pensions | 62 | €371,618 | €468,245 | +€96,628 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,262 | €47,967 | +€5,705 | +13.5% |
| Other operating charges | 640/8 | €12,386 | €7,879 | -€4,507 | -36.4% |
| Gross operating margin | 9900 | €478,853 | €633,839 | +€154,985 | +32.4% |
| Operating profit (loss) | 9901 | €52,588 | €109,747 | +€57,159 | +109% |
| Financial income | 75/76B | €14,441 | €3,808 | -€10,633 | -73.6% |
| Recurring financial income | 75 | €14,441 | €3,808 | -€10,633 | -73.6% |
| Financial charges | 65/66B | €10,300 | €15,798 | +€5,498 | +53.4% |
| Recurring financial charges | 65 | €10,300 | €15,798 | +€5,498 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | €56,730 | €97,758 | +€41,028 | +72.3% |
| Income taxes | 67/77 | €18,000 | €24,126 | +€6,126 | +34.0% |
| Profit (loss) for the period | 9904 | €38,730 | €73,632 | +€34,902 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,730 | €73,632 | +€34,902 | +90.1% |
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 13 October 2026 via checked.be.