Work Innovation Solution: what changed
Work Innovation Solution
Largest movements
- Tangible fixed assets +€38,247
up €38,247 (+18.5%), from €207,069 to €245,316
of which Furniture and vehicles: +€42,862
- Receivables within one year -€17,131
down €17,131 (-52.5%), from €32,628 to €15,497
of which Trade receivables: -€17,091
- Receivables after one year -€8,000
no longer reported in 2025 (was €8,000)
- Deferred charges and accrued income -€4,272
no longer reported in 2025 (was €4,272)
- Cash +€3,681
up €3,681 (+1,038%), from €355 to €4,036
mainly Advances received (+€36,003) and Net result for the year (+€35,193)
- Advances received +€36,003
up €36,003 (+758%), from €4,747 to €40,750
- Debts after one year +€17,311
up €17,311 (+14.7%), from €117,803 to €135,114
- Reserves -€14,242
down €14,242 (-56.2%), from €25,353 to €11,111
of which Distributable reserves: -€14,242
- Tax, wage and social debts -€11,752
down €11,752 (-59.7%), from €19,671 to €7,919
of which Remuneration and social security: -€16,619
- Trade debts -€11,507
down €11,507 (-56.9%), from €20,213 to €8,706
- Gross operating margin -€115,382
down €115,382 (-62.2%), from €185,559 to €70,176
- Staff costs -€96,946
down €96,946 (-96.7%), from €100,267 to €3,321
- Taxes -€2,465
down €2,465 (-43.4%), from €5,683 to €3,218
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,715 | €270,336 | +€11,621 | +4.5% |
| Fixed assets | 21/28 | €208,775 | €245,804 | +€37,029 | +17.7% |
| Intangible fixed assets | 21 | €1,706 | €488 | -€1,218 | -71.4% |
| Tangible fixed assets | 22/27 | €207,069 | €245,316 | +€38,247 | +18.5% |
| Land and buildings | 22 | €192,562 | €188,451 | -€4,110 | -2.1% |
| Plant, machinery and equipment | 23 | €3,931 | €3,426 | -€505 | -12.8% |
| Furniture and vehicles | 24 | €10,577 | €53,438 | +€42,862 | +405% |
| Current assets | 29/58 | €49,940 | €24,532 | -€25,408 | -50.9% |
| Amounts receivable after more than one year | 29 | €8,000 | - | -€8,000 | |
| Trade receivables | 290 | €8,000 | - | -€8,000 | |
| Stocks and contracts in progress | 3 | €4,685 | €5,000 | +€315 | +6.7% |
| Stocks | 30/36 | €4,685 | €5,000 | +€315 | +6.7% |
| Amounts receivable within one year | 40/41 | €32,628 | €15,497 | -€17,131 | -52.5% |
| Trade receivables | 40 | €29,617 | €12,526 | -€17,091 | -57.7% |
| Other amounts receivable | 41 | €3,011 | €2,970 | -€40 | -1.3% |
| Cash at bank and in hand | 54/58 | €355 | €4,036 | +€3,681 | +1,038% |
| Deferred charges and accrued income | 490/1 | €4,272 | - | -€4,272 | |
| Total equity and liabilities | 10/49 | €258,715 | €270,336 | +€11,621 | +4.5% |
| Equity | 10/15 | €25,853 | €11,611 | -€14,242 | -55.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €25,353 | €11,111 | -€14,242 | -56.2% |
| Tax-exempt reserves | 132 | €1,345 | €1,345 | = | 0.0% |
| Distributable reserves | 133 | €24,008 | €9,766 | -€14,242 | -59.3% |
| Amounts payable | 17/49 | €232,862 | €258,725 | +€25,863 | +11.1% |
| Amounts payable after more than one year | 17 | €117,803 | €135,114 | +€17,311 | +14.7% |
| Financial debts | 170/4 | €117,803 | €135,114 | +€17,311 | +14.7% |
| Amounts payable within one year | 42/48 | €115,060 | €123,611 | +€8,552 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €21,847 | €21,764 | -€83 | -0.4% |
| Financial debts | 43 | €33,530 | €34,888 | +€1,358 | +4.0% |
| Credit institutions | 430/8 | €30,000 | €31,555 | +€1,555 | +5.2% |
| Other loans | 439 | €3,530 | €3,333 | -€197 | -5.6% |
| Trade debts | 44 | €20,213 | €8,706 | -€11,507 | -56.9% |
| Suppliers | 440/4 | €20,213 | €8,706 | -€11,507 | -56.9% |
| Advances received on contracts in progress | 46 | €4,747 | €40,750 | +€36,003 | +758% |
| Taxes, remuneration and social security | 45 | €19,671 | €7,919 | -€11,752 | -59.7% |
| Taxes | 450/3 | €3,051 | €7,919 | +€4,868 | +160% |
| Remuneration and social security | 454/9 | €16,619 | - | -€16,619 | |
| Other amounts payable | 47/48 | €15,052 | €9,584 | -€5,467 | -36.3% |
| Non-recurring operating income | 76A | - | €7,018 | +€7,018 | |
| Remuneration, social security and pensions | 62 | €100,267 | €3,321 | -€96,946 | -96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,882 | €18,296 | -€1,586 | -8.0% |
| Other operating charges | 640/8 | €1,756 | €1,073 | -€683 | -38.9% |
| Gross operating margin | 9900 | €185,559 | €70,176 | -€115,382 | -62.2% |
| Operating profit (loss) | 9901 | €63,654 | €47,486 | -€16,168 | -25.4% |
| Financial income | 75/76B | €1,793 | €343 | -€1,450 | -80.9% |
| Recurring financial income | 75 | €1,793 | €343 | -€1,450 | -80.9% |
| Financial charges | 65/66B | €9,038 | €9,418 | +€380 | +4.2% |
| Recurring financial charges | 65 | €9,038 | €9,418 | +€380 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €56,409 | €38,411 | -€17,999 | -31.9% |
| Income taxes | 67/77 | €5,683 | €3,218 | -€2,465 | -43.4% |
| Profit (loss) for the period | 9904 | €50,726 | €35,193 | -€15,533 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,726 | €35,193 | -€15,533 | -30.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.