WOKUP: 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.
WOKUP
Largest movements
- Deferred charges and accrued income -€102,603
no longer reported in 2025 (was €102,603)
- Receivables within one year +€60,829
up €60,829 (+23.9%), from €254,532 to €315,361
of which Other amounts receivable: +€100,445
- Cash +€7,346
up €7,346 (+51.4%), from €14,301 to €21,647
mainly Deferred charges and accrued income (+€102,603) and Net result for the year (+€33,775)
- Tangible fixed assets -€4,950
down €4,950 (-42.2%), from €11,727 to €6,776
- Trade debts -€62,866
down €62,866 (-69.0%), from €91,158 to €28,293
- Reserves +€33,775
up €33,775 (+18.2%), from €185,299 to €219,074
of which Distributable reserves: +€33,775
- Debts after one year -€11,769
down €11,769 (-16.9%), from €69,573 to €57,804
- Depreciation -€103,726
down €103,726 (-95.4%), from €108,676 to €4,950
- Gross operating margin -€45,453
down €45,453 (-10.3%), from €443,393 to €397,940
- Taxes +€24,342
up €24,342 (+505%), from €4,818 to €29,160
- Staff costs +€20,068
up €20,068 (+6.8%), from €295,345 to €315,413
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 | €404,777 | €362,858 | -€41,919 | -10.4% |
| Fixed assets | 21/28 | €23,927 | €19,123 | -€4,804 | -20.1% |
| Tangible fixed assets | 22/27 | €11,727 | €6,776 | -€4,950 | -42.2% |
| Plant, machinery and equipment | 23 | €11,727 | €6,776 | -€4,950 | -42.2% |
| Financial fixed assets | 28 | €12,200 | €12,347 | +€147 | +1.2% |
| Current assets | 29/58 | €380,850 | €343,735 | -€37,116 | -9.7% |
| Stocks and contracts in progress | 3 | €9,414 | €6,727 | -€2,687 | -28.5% |
| Stocks | 30/36 | €9,414 | €6,727 | -€2,687 | -28.5% |
| Amounts receivable within one year | 40/41 | €254,532 | €315,361 | +€60,829 | +23.9% |
| Trade receivables | 40 | €214,508 | €174,892 | -€39,617 | -18.5% |
| Other amounts receivable | 41 | €40,024 | €140,469 | +€100,445 | +251% |
| Cash at bank and in hand | 54/58 | €14,301 | €21,647 | +€7,346 | +51.4% |
| Deferred charges and accrued income | 490/1 | €102,603 | - | -€102,603 | |
| Total equity and liabilities | 10/49 | €404,777 | €362,858 | -€41,919 | -10.4% |
| Equity | 10/15 | €203,899 | €237,674 | +€33,775 | +16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,299 | €219,074 | +€33,775 | +18.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €183,439 | €217,214 | +€33,775 | +18.4% |
| Amounts payable | 17/49 | €200,878 | €125,183 | -€75,694 | -37.7% |
| Amounts payable after more than one year | 17 | €69,573 | €57,804 | -€11,769 | -16.9% |
| Financial debts | 170/4 | €69,573 | €57,804 | -€11,769 | -16.9% |
| Amounts payable within one year | 42/48 | €131,305 | €67,380 | -€63,925 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €11,322 | €11,769 | +€448 | +4.0% |
| Trade debts | 44 | €91,158 | €28,293 | -€62,866 | -69.0% |
| Suppliers | 440/4 | €91,158 | €28,293 | -€62,866 | -69.0% |
| Taxes, remuneration and social security | 45 | €28,825 | €27,318 | -€1,507 | -5.2% |
| Taxes | 450/3 | €5,016 | €9,741 | +€4,725 | +94.2% |
| Remuneration and social security | 454/9 | €23,809 | €17,577 | -€6,232 | -26.2% |
| Non-recurring operating income | 76A | €102,603 | - | -€102,603 | |
| Remuneration, social security and pensions | 62 | €295,345 | €315,413 | +€20,068 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,676 | €4,950 | -€103,726 | -95.4% |
| Other operating charges | 640/8 | €7,621 | €5,413 | -€2,208 | -29.0% |
| Gross operating margin | 9900 | €443,393 | €397,940 | -€45,453 | -10.3% |
| Operating profit (loss) | 9901 | €31,751 | €72,163 | +€40,412 | +127% |
| Financial income | 75/76B | €0 | €158 | +€158 | +1,582,900% |
| Recurring financial income | 75 | €0 | €158 | +€158 | +1,582,900% |
| Financial charges | 65/66B | €6,453 | €9,387 | +€2,934 | +45.5% |
| Recurring financial charges | 65 | €6,453 | €9,387 | +€2,934 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €25,298 | €62,935 | +€37,637 | +149% |
| Income taxes | 67/77 | €4,818 | €29,160 | +€24,342 | +505% |
| Profit (loss) for the period | 9904 | €20,480 | €33,775 | +€13,295 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,480 | €33,775 | +€13,295 | +64.9% |
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 20 October 2026 via checked.be.