Work & Invest: 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 & Invest
Largest movements
- Receivables within one year +€35,600
up €35,600 (+1,307%), from €2,724 to €38,324
of which Trade receivables: +€29,382
- Cash -€26,264
down €26,264 (-38.4%), from €68,413 to €42,149
mainly Receivables within one year (-€35,600) and Investment in fixed assets (net) (-€10,973)
- Stocks and contracts -€19,910
no longer reported in 2025 (was €19,910)
- Profit (loss) carried forward -€9,753
down €9,753 (-118%), from -€8,282 to -€18,035
- Financial charges -€1,145
down €1,145 (-58.7%), from €1,949 to €804
- Gross operating margin -€1,069
down €1,069 (-19.2%), from €5,564 to €4,495
- Depreciation -€1,024
down €1,024 (-7.7%), from €13,216 to €12,192
- Other operating charges +€172
up €172 (+16.0%), from €1,080 to €1,252
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 | €257,950 | €247,927 | -€10,023 | -3.9% |
| Fixed assets | 21/28 | €164,274 | €163,055 | -€1,219 | -0.7% |
| Tangible fixed assets | 22/27 | €164,274 | €163,055 | -€1,219 | -0.7% |
| Plant, machinery and equipment | 23 | €1,797 | €850 | -€948 | -52.7% |
| Furniture and vehicles | 24 | €7,919 | €5,784 | -€2,135 | -27.0% |
| Leasing and similar rights | 25 | €154,557 | €146,122 | -€8,435 | -5.5% |
| Other tangible fixed assets | 26 | - | €10,299 | +€10,299 | |
| Current assets | 29/58 | €93,677 | €84,872 | -€8,805 | -9.4% |
| Stocks and contracts in progress | 3 | €19,910 | - | -€19,910 | |
| Stocks | 30/36 | €19,910 | - | -€19,910 | |
| Amounts receivable within one year | 40/41 | €2,724 | €38,324 | +€35,600 | +1,307% |
| Trade receivables | 40 | €1,485 | €30,867 | +€29,382 | +1,979% |
| Other amounts receivable | 41 | €1,239 | €7,457 | +€6,218 | +502% |
| Cash at bank and in hand | 54/58 | €68,413 | €42,149 | -€26,264 | -38.4% |
| Deferred charges and accrued income | 490/1 | €2,630 | €4,400 | +€1,770 | +67.3% |
| Total equity and liabilities | 10/49 | €257,950 | €247,927 | -€10,023 | -3.9% |
| Equity | 10/15 | €162,418 | €152,665 | -€9,753 | -6.0% |
| Contributions | 10/11 | €170,700 | €170,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,282 | -€18,035 | -€9,753 | -118% |
| Amounts payable | 17/49 | €95,532 | €95,262 | -€270 | -0.3% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,148 | €19,887 | -€261 | -1.3% |
| Trade debts | 44 | €16,922 | €17,518 | +€596 | +3.5% |
| Suppliers | 440/4 | €16,922 | €17,518 | +€596 | +3.5% |
| Other amounts payable | 47/48 | €3,226 | €2,369 | -€857 | -26.6% |
| Accrued charges and deferred income | 492/3 | €384 | €375 | -€9 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,216 | €12,192 | -€1,024 | -7.7% |
| Other operating charges | 640/8 | €1,080 | €1,252 | +€172 | +16.0% |
| Gross operating margin | 9900 | €5,564 | €4,495 | -€1,069 | -19.2% |
| Operating profit (loss) | 9901 | -€8,731 | -€8,949 | -€218 | -2.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,949 | €804 | -€1,145 | -58.7% |
| Recurring financial charges | 65 | €1,949 | €804 | -€1,145 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,677 | -€9,753 | +€924 | +8.7% |
| Profit (loss) for the period | 9904 | -€10,677 | -€9,753 | +€924 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,677 | -€9,753 | +€924 | +8.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.