WOK W: 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 W
Largest movements
- Receivables within one year +€611,653
up €611,653 (+204%), from €300,378 to €912,031
of which Other amounts receivable: +€611,655
- Current investments -€99,924
down €99,924 (-76.7%), from €130,249 to €30,325
- Deferred charges and accrued income -€45,158
no longer reported in 2024 (was €45,158)
- Cash +€21,895
up €21,895 (+24.7%), from €88,601 to €110,496
mainly Tax, wage and social debts (+€210,280) and Net result for the year (+€155,453)
- Tax, wage and social debts +€210,280
up €210,280 (+137%), from €153,825 to €364,105
of which Taxes: +€202,390
- Profit (loss) carried forward +€155,453
up €155,453 (+75.5%), from €205,804 to €361,257
- Trade debts +€114,045
up €114,045 (+35.3%), from €323,083 to €437,128
- Gross operating margin +€135,827
up €135,827 (+36.7%), from €369,824 to €505,651
- Taxes +€34,419
up €34,419 (+123%), from €28,065 to €62,484
- Staff costs +€20,840
up €20,840 (+9.6%), from €217,251 to €238,091
- Other operating charges +€17,564
up €17,564 (+179%), from €9,825 to €27,389
- Financial charges -€7,105
down €7,105 (-80.7%), from €8,807 to €1,702
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €690,772 | €1,170,550 | +€479,778 | +69.5% |
| Fixed assets | 21/28 | €119,884 | €109,352 | -€10,532 | -8.8% |
| Tangible fixed assets | 22/27 | €84,884 | €74,352 | -€10,532 | -12.4% |
| Plant, machinery and equipment | 23 | €84,884 | €74,352 | -€10,532 | -12.4% |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €570,888 | €1,061,198 | +€490,310 | +85.9% |
| Stocks and contracts in progress | 3 | €6,502 | €8,346 | +€1,844 | +28.4% |
| Stocks | 30/36 | €6,502 | €8,346 | +€1,844 | +28.4% |
| Amounts receivable within one year | 40/41 | €300,378 | €912,031 | +€611,653 | +204% |
| Trade receivables | 40 | €5 | €3 | -€2 | -40.0% |
| Other amounts receivable | 41 | €300,373 | €912,028 | +€611,655 | +204% |
| Current investments | 50/53 | €130,249 | €30,325 | -€99,924 | -76.7% |
| Cash at bank and in hand | 54/58 | €88,601 | €110,496 | +€21,895 | +24.7% |
| Deferred charges and accrued income | 490/1 | €45,158 | - | -€45,158 | |
| Total equity and liabilities | 10/49 | €690,772 | €1,170,550 | +€479,778 | +69.5% |
| Equity | 10/15 | €213,864 | €369,317 | +€155,453 | +72.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,804 | €361,257 | +€155,453 | +75.5% |
| Amounts payable | 17/49 | €476,908 | €801,233 | +€324,325 | +68.0% |
| Amounts payable within one year | 42/48 | €476,908 | €801,233 | +€324,325 | +68.0% |
| Trade debts | 44 | €323,083 | €437,128 | +€114,045 | +35.3% |
| Suppliers | 440/4 | €323,083 | €437,128 | +€114,045 | +35.3% |
| Taxes, remuneration and social security | 45 | €153,825 | €364,105 | +€210,280 | +137% |
| Taxes | 450/3 | €130,426 | €332,816 | +€202,390 | +155% |
| Remuneration and social security | 454/9 | €23,399 | €31,289 | +€7,890 | +33.7% |
| Remuneration, social security and pensions | 62 | €217,251 | €238,091 | +€20,840 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,052 | €20,532 | +€1,480 | +7.8% |
| Other operating charges | 640/8 | €9,825 | €27,389 | +€17,564 | +179% |
| Gross operating margin | 9900 | €369,824 | €505,651 | +€135,827 | +36.7% |
| Operating profit (loss) | 9901 | €123,696 | €219,639 | +€95,943 | +77.6% |
| Financial charges | 65/66B | €8,807 | €1,702 | -€7,105 | -80.7% |
| Recurring financial charges | 65 | €8,807 | €1,702 | -€7,105 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | €114,889 | €217,937 | +€103,048 | +89.7% |
| Income taxes | 67/77 | €28,065 | €62,484 | +€34,419 | +123% |
| Profit (loss) for the period | 9904 | €86,824 | €155,453 | +€68,629 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,824 | €155,453 | +€68,629 | +79.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.