WOK CONDROZ: 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 CONDROZ
Largest movements
- Cash +€64,795
up €64,795 (+165%), from €39,389 to €104,184
mainly Trade debts (+€28,164) and Tax, wage and social debts (+€26,643)
- Receivables after one year +€16,500
up €16,500 (+12.7%), from €130,000 to €146,500
- Intangible fixed assets -€12,000
down €12,000 (-58.0%), from €20,679 to €8,679
- Stocks and contracts -€3,445
down €3,445 (-29.8%), from €11,560 to €8,115
- Receivables within one year +€3,182
up €3,182 (+32.1%), from €9,909 to €13,091
of which Other amounts receivable: +€4,361
- Trade debts +€28,164
new in 2025: €28,164
- Tax, wage and social debts +€26,643
up €26,643 (+98.1%), from €27,162 to €53,805
of which Remuneration and social security: +€16,245
- Reserves +€17,500
up €17,500 (+58.3%), from €30,000 to €47,500
- Staff costs +€14,933
up €14,933 (+24.9%), from €60,014 to €74,948
- Gross operating margin +€10,990
up €10,990 (+8.4%), from €131,521 to €142,511
- Other operating charges +€9,932
up €9,932 (+107%), from €9,301 to €19,233
- Taxes +€5,624
up €5,624 (+44.7%), from €12,572 to €18,196
- Financial income +€4,639
up €4,639 (+103%), from €4,485 to €9,124
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 | €232,068 | €304,979 | +€72,912 | +31.4% |
| Fixed assets | 21/28 | €40,850 | €30,667 | -€10,183 | -24.9% |
| Intangible fixed assets | 21 | €20,679 | €8,679 | -€12,000 | -58.0% |
| Tangible fixed assets | 22/27 | €4,170 | €5,987 | +€1,817 | +43.6% |
| Plant, machinery and equipment | 23 | €1,859 | €3,485 | +€1,626 | +87.5% |
| Furniture and vehicles | 24 | €2,311 | €2,502 | +€191 | +8.3% |
| Financial fixed assets | 28 | €16,000 | €16,000 | = | 0.0% |
| Current assets | 29/58 | €191,218 | €274,313 | +€83,095 | +43.5% |
| Amounts receivable after more than one year | 29 | €130,000 | €146,500 | +€16,500 | +12.7% |
| Other amounts receivable | 291 | €130,000 | €146,500 | +€16,500 | +12.7% |
| Stocks and contracts in progress | 3 | €11,560 | €8,115 | -€3,445 | -29.8% |
| Stocks | 30/36 | €11,560 | €8,115 | -€3,445 | -29.8% |
| Amounts receivable within one year | 40/41 | €9,909 | €13,091 | +€3,182 | +32.1% |
| Trade receivables | 40 | €1,179 | - | -€1,179 | |
| Other amounts receivable | 41 | €8,730 | €13,091 | +€4,361 | +50.0% |
| Cash at bank and in hand | 54/58 | €39,389 | €104,184 | +€64,795 | +165% |
| Deferred charges and accrued income | 490/1 | €361 | €2,423 | +€2,062 | +572% |
| Total equity and liabilities | 10/49 | €232,068 | €304,979 | +€72,912 | +31.4% |
| Equity | 10/15 | €204,906 | €223,010 | +€18,105 | +8.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €30,000 | €47,500 | +€17,500 | +58.3% |
| Distributable reserves | 133 | €30,000 | €47,500 | +€17,500 | +58.3% |
| Profit (loss) carried forward | 14 | €173,406 | €174,010 | +€605 | +0.3% |
| Amounts payable | 17/49 | €27,162 | €81,969 | +€54,807 | +202% |
| Amounts payable within one year | 42/48 | €27,162 | €81,969 | +€54,807 | +202% |
| Trade debts | 44 | - | €28,164 | +€28,164 | |
| Suppliers | 440/4 | - | €28,164 | +€28,164 | |
| Taxes, remuneration and social security | 45 | €27,162 | €53,805 | +€26,643 | +98.1% |
| Taxes | 450/3 | €13,530 | €23,928 | +€10,398 | +76.9% |
| Remuneration and social security | 454/9 | €13,632 | €29,877 | +€16,245 | +119% |
| Remuneration, social security and pensions | 62 | €60,014 | €74,948 | +€14,933 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,895 | €16,151 | -€2,744 | -14.5% |
| Other operating charges | 640/8 | €9,301 | €19,233 | +€9,932 | +107% |
| Gross operating margin | 9900 | €131,521 | €142,511 | +€10,990 | +8.4% |
| Operating profit (loss) | 9901 | €43,311 | €32,179 | -€11,132 | -25.7% |
| Financial income | 75/76B | €4,485 | €9,124 | +€4,639 | +103% |
| Recurring financial income | 75 | €4,485 | €9,124 | +€4,639 | +103% |
| Financial charges | 65/66B | €3,293 | €5,003 | +€1,710 | +51.9% |
| Recurring financial charges | 65 | €3,293 | €5,003 | +€1,710 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €44,503 | €36,300 | -€8,202 | -18.4% |
| Income taxes | 67/77 | €12,572 | €18,196 | +€5,624 | +44.7% |
| Profit (loss) for the period | 9904 | €31,931 | €18,105 | -€13,826 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,931 | €18,105 | -€13,826 | -43.3% |
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 19 October 2026 via checked.be.