WOK - U: 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.
WOK - U
Largest movements
- Tangible fixed assets -€78,995
down €78,995 (-29.0%), from €272,695 to €193,700
of which Plant, machinery and equipment: -€52,864
- Receivables within one year +€19,491
up €19,491 (+872.3%), from €2,235 to €21,726
- Cash +€4,038
up €4,038 (+61.9%), from €6,523 to €10,560
mainly Depreciation (+€87,720) and Net result for the year (+€25,314)
- Short-term financial debts -€56,178
down €56,178 (-63.6%), from €88,376 to €32,198
- Debts after one year -€30,140
down €30,140 (-14.0%), from €215,654 to €185,515
- Profit (loss) carried forward +€25,314
up €25,314 (+10.6%), from -€238,218 to -€212,904
- Trade debts +€9,335
up €9,335 (+18.2%), from €51,266 to €60,601
- Gross operating margin +€53,126
up €53,126 (+7.9%), from €669,616 to €722,741
- Staff costs -€9,495
down €9,495 (-1.6%), from €590,410 to €580,915
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 | €338,307 | €284,431 | -€53,877 | -15.9% |
| Fixed assets | 21/28 | €272,945 | €193,950 | -€78,995 | -28.9% |
| Tangible fixed assets | 22/27 | €272,695 | €193,700 | -€78,995 | -29.0% |
| Land and buildings | 22 | €159,296 | €132,747 | -€26,549 | -16.7% |
| Plant, machinery and equipment | 23 | €112,965 | €60,101 | -€52,864 | -46.8% |
| Furniture and vehicles | 24 | €434 | €852 | +€418 | +96.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €65,363 | €90,481 | +€25,119 | +38.4% |
| Stocks and contracts in progress | 3 | €56,605 | €57,441 | +€836 | +1.5% |
| Stocks | 30/36 | €56,605 | €57,441 | +€836 | +1.5% |
| Amounts receivable within one year | 40/41 | €2,235 | €21,726 | +€19,491 | +872.3% |
| Trade receivables | 40 | €2,235 | €21,726 | +€19,491 | +872.3% |
| Cash at bank and in hand | 54/58 | €6,523 | €10,560 | +€4,038 | +61.9% |
| Deferred charges and accrued income | 490/1 | - | €754 | +€754 | |
| Total equity and liabilities | 10/49 | €338,307 | €284,431 | -€53,877 | -15.9% |
| Equity | 10/15 | -€217,767 | -€192,453 | +€25,314 | +11.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,218 | -€212,904 | +€25,314 | +10.6% |
| Amounts payable | 17/49 | €556,074 | €476,884 | -€79,191 | -14.2% |
| Amounts payable after more than one year | 17 | €215,654 | €185,515 | -€30,140 | -14.0% |
| Financial debts | 170/4 | €215,654 | €185,515 | -€30,140 | -14.0% |
| Amounts payable within one year | 42/48 | €340,420 | €291,369 | -€49,051 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €29,680 | €30,143 | +€463 | +1.6% |
| Financial debts | 43 | €88,376 | €32,198 | -€56,178 | -63.6% |
| Other loans | 439 | €88,376 | €32,198 | -€56,178 | -63.6% |
| Trade debts | 44 | €51,266 | €60,601 | +€9,335 | +18.2% |
| Suppliers | 440/4 | €51,266 | €60,601 | +€9,335 | +18.2% |
| Taxes, remuneration and social security | 45 | €71,099 | €68,427 | -€2,672 | -3.8% |
| Taxes | 450/3 | €14,367 | €8,524 | -€5,843 | -40.7% |
| Remuneration and social security | 454/9 | €56,732 | €59,903 | +€3,172 | +5.6% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €590,410 | €580,915 | -€9,495 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,640 | €87,720 | -€3,920 | -4.3% |
| Other operating charges | 640/8 | €10,861 | €17,010 | +€6,149 | +56.6% |
| Gross operating margin | 9900 | €669,616 | €722,741 | +€53,126 | +7.9% |
| Operating profit (loss) | 9901 | -€23,295 | €37,097 | +€60,392 | |
| Financial income | 75/76B | €4,589 | €316 | -€4,273 | -93.1% |
| Recurring financial income | 75 | €4,589 | €316 | -€4,273 | -93.1% |
| Financial charges | 65/66B | €13,311 | €12,005 | -€1,306 | -9.8% |
| Recurring financial charges | 65 | €13,311 | €12,005 | -€1,306 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€32,017 | €25,408 | +€57,425 | |
| Income taxes | 67/77 | €352 | €94 | -€258 | -73.4% |
| Profit (loss) for the period | 9904 | -€32,369 | €25,314 | +€57,683 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,369 | €25,314 | +€57,683 |
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 9 October 2026 via checked.be.