Work-Around Gent: 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.
Work-Around Gent
Largest movements
- Tangible fixed assets -€21,240
down €21,240 (-2.6%), from €804,517 to €783,277
of which Land and buildings: -€16,527
- Cash -€18,330
down €18,330 (-21.7%), from €84,492 to €66,162
mainly Debts after one year (-€100,084) and Investment in fixed assets (net) (-€26,548)
- Debts after one year -€100,084
down €100,084 (-20.0%), from €500,715 to €400,631
of which Financial debts: -€53,084
- Reserves +€73,185
up €73,185 (+26.1%), from €279,932 to €353,117
- Tax, wage and social debts -€14,423
down €14,423 (-54.1%), from €26,660 to €12,236
- Trade debts +€13,367
up €13,367 (+137.8%), from €9,703 to €23,071
- Depreciation +€4,742
up €4,742 (+11.0%), from €43,083 to €47,825
- Financial charges -€4,037
down €4,037 (-26.6%), from €15,175 to €11,138
- Financial income +€3,215
up €3,215 (+2255.4%), from €143 to €3,358
- Write-downs +€1,878
up €1,878, from -€1,878 to €0
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 | €912,230 | €878,452 | -€33,778 | -3.7% |
| Fixed assets | 21/28 | €805,181 | €783,904 | -€21,277 | -2.6% |
| Tangible fixed assets | 22/27 | €804,517 | €783,277 | -€21,240 | -2.6% |
| Land and buildings | 22 | €721,462 | €704,935 | -€16,527 | -2.3% |
| Plant, machinery and equipment | 23 | €61,738 | €60,438 | -€1,300 | -2.1% |
| Furniture and vehicles | 24 | €21,317 | €17,905 | -€3,412 | -16.0% |
| Financial fixed assets | 28 | €664 | €627 | -€37 | -5.6% |
| Current assets | 29/58 | €107,049 | €94,548 | -€12,501 | -11.7% |
| Stocks and contracts in progress | 3 | €242 | €140 | -€102 | -42.1% |
| Stocks | 30/36 | €242 | €140 | -€102 | -42.1% |
| Amounts receivable within one year | 40/41 | €15,649 | €22,542 | +€6,892 | +44.0% |
| Trade receivables | 40 | €15,649 | €20,245 | +€4,596 | +29.4% |
| Other amounts receivable | 41 | - | €2,297 | +€2,297 | |
| Cash at bank and in hand | 54/58 | €84,492 | €66,162 | -€18,330 | -21.7% |
| Deferred charges and accrued income | 490/1 | €6,665 | €5,703 | -€962 | -14.4% |
| Total equity and liabilities | 10/49 | €912,230 | €878,452 | -€33,778 | -3.7% |
| Equity | 10/15 | €310,919 | €384,104 | +€73,185 | +23.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €279,932 | €353,117 | +€73,185 | +26.1% |
| Distributable reserves | 133 | €279,932 | €353,117 | +€73,185 | +26.1% |
| Amounts payable | 17/49 | €601,312 | €494,348 | -€106,963 | -17.8% |
| Amounts payable after more than one year | 17 | €500,715 | €400,631 | -€100,084 | -20.0% |
| Financial debts | 170/4 | €405,825 | €352,742 | -€53,084 | -13.1% |
| Other amounts payable | 178/9 | €94,889 | €47,889 | -€47,000 | -49.5% |
| Amounts payable within one year | 42/48 | €91,606 | €88,391 | -€3,216 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €52,218 | €53,084 | +€865 | +1.7% |
| Trade debts | 44 | €9,703 | €23,071 | +€13,367 | +137.8% |
| Suppliers | 440/4 | €9,703 | €23,071 | +€13,367 | +137.8% |
| Taxes, remuneration and social security | 45 | €26,660 | €12,236 | -€14,423 | -54.1% |
| Taxes | 450/3 | €26,660 | €12,236 | -€14,423 | -54.1% |
| Other amounts payable | 47/48 | €3,025 | €0 | -€3,025 | -100.0% |
| Accrued charges and deferred income | 492/3 | €8,990 | €5,326 | -€3,664 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,083 | €47,825 | +€4,742 | +11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,878 | €0 | +€1,878 | |
| Other operating charges | 640/8 | €13,087 | €11,551 | -€1,535 | -11.7% |
| Gross operating margin | 9900 | €163,012 | €164,056 | +€1,044 | +0.6% |
| Operating profit (loss) | 9901 | €108,721 | €104,679 | -€4,042 | -3.7% |
| Financial income | 75/76B | €143 | €3,358 | +€3,215 | +2255.4% |
| Recurring financial income | 75 | €143 | €3,358 | +€3,215 | +2255.4% |
| Financial charges | 65/66B | €15,175 | €11,138 | -€4,037 | -26.6% |
| Recurring financial charges | 65 | €15,175 | €11,138 | -€4,037 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €93,688 | €96,899 | +€3,211 | +3.4% |
| Income taxes | 67/77 | €23,033 | €23,714 | +€681 | +3.0% |
| Profit (loss) for the period | 9904 | €70,655 | €73,185 | +€2,530 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,655 | €73,185 | +€2,530 | +3.6% |
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 11 October 2026 via checked.be.