WOK WEST: 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 WEST
Largest movements
- Receivables within one year +€446,085
up €446,085 (+121%), from €368,750 to €814,835
of which Other amounts receivable: +€446,118
- Tangible fixed assets -€26,560
down €26,560 (-16.1%), from €164,486 to €137,926
- Cash +€13,894
up €13,894 (+393%), from €3,532 to €17,426
mainly Trade debts (+€377,257) and Tax, wage and social debts (+€72,753)
- Trade debts +€377,257
up €377,257 (+90.6%), from €416,187 to €793,443
- Tax, wage and social debts +€72,753
up €72,753 (+57.0%), from €127,657 to €200,410
of which Taxes: +€52,838
- Other debts -€25,318
down €25,318 (-78.8%), from €32,144 to €6,827
- Profit (loss) carried forward +€13,810
up €13,810 (+38.6%), from -€35,811 to -€22,002
- Staff costs +€65,743
up €65,743 (+50.7%), from €129,570 to €195,313
- Gross operating margin +€30,670
up €30,670 (+13.9%), from €220,655 to €251,325
- Taxes -€27,333
down €27,333 (-75.6%), from €36,158 to €8,824
- Other operating charges -€14,069
down €14,069 (-70.6%), from €19,940 to €5,870
- Depreciation +€3,831
up €3,831 (+16.9%), from €22,728 to €26,560
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 | €546,505 | €985,008 | +€438,502 | +80.2% |
| Fixed assets | 21/28 | €164,486 | €137,926 | -€26,560 | -16.1% |
| Tangible fixed assets | 22/27 | €164,486 | €137,926 | -€26,560 | -16.1% |
| Land and buildings | 22 | €67,906 | €60,781 | -€7,125 | -10.5% |
| Plant, machinery and equipment | 23 | €42,393 | €35,164 | -€7,229 | -17.1% |
| Furniture and vehicles | 24 | €902 | €491 | -€410 | -45.5% |
| Other tangible fixed assets | 26 | €53,286 | €41,490 | -€11,796 | -22.1% |
| Current assets | 29/58 | €382,019 | €847,081 | +€465,062 | +122% |
| Stocks and contracts in progress | 3 | €9,500 | €9,457 | -€43 | -0.5% |
| Stocks | 30/36 | €9,500 | €9,457 | -€43 | -0.5% |
| Amounts receivable within one year | 40/41 | €368,750 | €814,835 | +€446,085 | +121% |
| Trade receivables | 40 | €457 | €424 | -€33 | -7.2% |
| Other amounts receivable | 41 | €368,294 | €814,412 | +€446,118 | +121% |
| Cash at bank and in hand | 54/58 | €3,532 | €17,426 | +€13,894 | +393% |
| Deferred charges and accrued income | 490/1 | €237 | €5,363 | +€5,126 | +2,162% |
| Total equity and liabilities | 10/49 | €546,505 | €985,008 | +€438,502 | +80.2% |
| Equity | 10/15 | -€29,482 | -€15,673 | +€13,810 | +46.8% |
| Contributions | 10/11 | €6,329 | €6,329 | = | 0.0% |
| Capital | 10 | €6,329 | €6,329 | = | 0.0% |
| Issued capital | 100 | €18,729 | €18,729 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,811 | -€22,002 | +€13,810 | +38.6% |
| Amounts payable | 17/49 | €575,988 | €1,000,680 | +€424,692 | +73.7% |
| Amounts payable within one year | 42/48 | €575,988 | €1,000,680 | +€424,692 | +73.7% |
| Trade debts | 44 | €416,187 | €793,443 | +€377,257 | +90.6% |
| Suppliers | 440/4 | €416,187 | €793,443 | +€377,257 | +90.6% |
| Taxes, remuneration and social security | 45 | €127,657 | €200,410 | +€72,753 | +57.0% |
| Taxes | 450/3 | €67,885 | €120,723 | +€52,838 | +77.8% |
| Remuneration and social security | 454/9 | €59,772 | €79,687 | +€19,916 | +33.3% |
| Other amounts payable | 47/48 | €32,144 | €6,827 | -€25,318 | -78.8% |
| Remuneration, social security and pensions | 62 | €129,570 | €195,313 | +€65,743 | +50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,728 | €26,560 | +€3,831 | +16.9% |
| Other operating charges | 640/8 | €19,940 | €5,870 | -€14,069 | -70.6% |
| Non-recurring operating charges | 66A | €1,134 | - | -€1,134 | |
| Gross operating margin | 9900 | €220,655 | €251,325 | +€30,670 | +13.9% |
| Operating profit (loss) | 9901 | €47,283 | €23,582 | -€23,702 | -50.1% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €3,242 | €948 | -€2,294 | -70.8% |
| Recurring financial charges | 65 | €3,242 | €948 | -€2,294 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | €44,043 | €22,634 | -€21,409 | -48.6% |
| Income taxes | 67/77 | €36,158 | €8,824 | -€27,333 | -75.6% |
| Profit (loss) for the period | 9904 | €7,885 | €13,810 | +€5,924 | +75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,885 | €13,810 | +€5,924 | +75.1% |
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 21 October 2026 via checked.be.