WORK CONSTRUCT: 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.
WORK CONSTRUCT
Largest movements
- Cash +€22,157
up €22,157 (+1180.4%), from €1,877 to €24,034
mainly Depreciation (+€17,159) and Net result for the year (+€8,914)
- Tangible fixed assets -€17,159
down €17,159 (-27.8%), from €61,684 to €44,525
of which Furniture and vehicles: -€15,779
- Receivables within one year -€1,474
down €1,474 (-7.0%), from €21,159 to €19,685
of which Trade receivables: -€2,760
- Debts after one year -€12,749
down €12,749 (-25.9%), from €49,305 to €36,556
- Profit (loss) carried forward +€8,914
up €8,914, from -€2,395 to €6,519
- Other debts +€3,620
up €3,620 (+56.6%), from €6,397 to €10,017
- Trade debts +€3,460
up €3,460 (+802.8%), from €431 to €3,891
- Gross operating margin +€27,498
up €27,498 (+730.7%), from €3,763 to €31,261
- Depreciation +€4,620
up €4,620 (+36.8%), from €12,539 to €17,159
- Financial charges +€1,430
up €1,430 (+77.3%), from €1,851 to €3,281
- Other operating charges +€1,213
up €1,213 (+174.8%), from €694 to €1,907
- Staff costs -€387
no longer reported in 2025 (was €387)
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 | €85,771 | €89,399 | +€3,628 | +4.2% |
| Fixed assets | 21/28 | €61,684 | €44,525 | -€17,159 | -27.8% |
| Tangible fixed assets | 22/27 | €61,684 | €44,525 | -€17,159 | -27.8% |
| Plant, machinery and equipment | 23 | €1,691 | €311 | -€1,380 | -81.6% |
| Furniture and vehicles | 24 | €59,993 | €44,214 | -€15,779 | -26.3% |
| Current assets | 29/58 | €24,087 | €44,874 | +€20,787 | +86.3% |
| Amounts receivable within one year | 40/41 | €21,159 | €19,685 | -€1,474 | -7.0% |
| Trade receivables | 40 | €19,681 | €16,921 | -€2,760 | -14.0% |
| Other amounts receivable | 41 | €1,478 | €2,764 | +€1,286 | +87.0% |
| Cash at bank and in hand | 54/58 | €1,877 | €24,034 | +€22,157 | +1180.4% |
| Deferred charges and accrued income | 490/1 | €1,051 | €1,155 | +€104 | +9.9% |
| Total equity and liabilities | 10/49 | €85,771 | €89,399 | +€3,628 | +4.2% |
| Equity | 10/15 | -€2,395 | €6,519 | +€8,914 | |
| Profit (loss) carried forward | 14 | -€2,395 | €6,519 | +€8,914 | |
| Amounts payable | 17/49 | €88,166 | €82,880 | -€5,286 | -6.0% |
| Amounts payable after more than one year | 17 | €49,305 | €36,556 | -€12,749 | -25.9% |
| Financial debts | 170/4 | €49,305 | €36,556 | -€12,749 | -25.9% |
| Amounts payable within one year | 42/48 | €38,861 | €46,324 | +€7,463 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €12,033 | €12,749 | +€716 | +6.0% |
| Trade debts | 44 | €431 | €3,891 | +€3,460 | +802.8% |
| Suppliers | 440/4 | €431 | €3,891 | +€3,460 | +802.8% |
| Taxes, remuneration and social security | 45 | €20,000 | €19,667 | -€333 | -1.7% |
| Remuneration and social security | 454/9 | €20,000 | €19,667 | -€333 | -1.7% |
| Other amounts payable | 47/48 | €6,397 | €10,017 | +€3,620 | +56.6% |
| Remuneration, social security and pensions | 62 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,539 | €17,159 | +€4,620 | +36.8% |
| Other operating charges | 640/8 | €694 | €1,907 | +€1,213 | +174.8% |
| Gross operating margin | 9900 | €3,763 | €31,261 | +€27,498 | +730.7% |
| Operating profit (loss) | 9901 | -€9,857 | €12,195 | +€22,052 | |
| Financial charges | 65/66B | €1,851 | €3,281 | +€1,430 | +77.3% |
| Recurring financial charges | 65 | €1,851 | €3,281 | +€1,430 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,708 | €8,914 | +€20,622 | |
| Income taxes | 67/77 | -€3 | - | +€3 | |
| Profit (loss) for the period | 9904 | -€11,705 | €8,914 | +€20,619 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,705 | €8,914 | +€20,619 |
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 28 September 2026 via checked.be.