WORK IT MAKE IT: 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 IT MAKE IT
Largest movements
- Cash -€60,714
down €60,714 (-64.3%), from €94,455 to €33,741
mainly Contributions, distributions and other (-€46,000) and Receivables within one year (-€24,132)
- Receivables within one year +€24,132
up €24,132 (+912.2%), from €2,645 to €26,778
of which Trade receivables: +€25,682
- Tangible fixed assets -€2,379
down €2,379 (-26.2%), from €9,080 to €6,701
of which Furniture and vehicles: -€2,379
- Reserves -€29,910
down €29,910 (-98.2%), from €30,465 to €556
- Other debts -€16,502
down €16,502 (-24.7%), from €66,908 to €50,406
- Tax, wage and social debts +€9,283
up €9,283 (+206.6%), from €4,493 to €13,776
- Gross operating margin -€9,574
down €9,574 (-27.2%), from €35,232 to €25,658
- Taxes -€1,264
down €1,264 (-17.9%), from €7,068 to €5,803
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 | €108,186 | €70,023 | -€38,163 | -35.3% |
| Fixed assets | 21/28 | €11,080 | €8,701 | -€2,379 | -21.5% |
| Tangible fixed assets | 22/27 | €9,080 | €6,701 | -€2,379 | -26.2% |
| Furniture and vehicles | 24 | €5,280 | €2,901 | -€2,379 | -45.1% |
| Other tangible fixed assets | 26 | €3,800 | €3,800 | = | 0.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €97,106 | €61,321 | -€35,784 | -36.9% |
| Amounts receivable within one year | 40/41 | €2,645 | €26,778 | +€24,132 | +912.2% |
| Trade receivables | 40 | €1,096 | €26,778 | +€25,682 | +2342.9% |
| Other amounts receivable | 41 | €1,549 | - | -€1,549 | |
| Cash at bank and in hand | 54/58 | €94,455 | €33,741 | -€60,714 | -64.3% |
| Deferred charges and accrued income | 490/1 | €5 | €803 | +€797 | +15157.4% |
| Total equity and liabilities | 10/49 | €108,186 | €70,023 | -€38,163 | -35.3% |
| Equity | 10/15 | €35,465 | €5,556 | -€29,910 | -84.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,465 | €556 | -€29,910 | -98.2% |
| Distributable reserves | 133 | €30,465 | €556 | -€29,910 | -98.2% |
| Amounts payable | 17/49 | €72,721 | €64,467 | -€8,254 | -11.3% |
| Amounts payable within one year | 42/48 | €72,721 | €64,467 | -€8,254 | -11.3% |
| Trade debts | 44 | €1,320 | €285 | -€1,035 | -78.4% |
| Suppliers | 440/4 | €1,320 | €285 | -€1,035 | -78.4% |
| Taxes, remuneration and social security | 45 | €4,493 | €13,776 | +€9,283 | +206.6% |
| Taxes | 450/3 | €4,493 | €13,776 | +€9,283 | +206.6% |
| Other amounts payable | 47/48 | €66,908 | €50,406 | -€16,502 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,390 | €2,379 | -€11 | -0.5% |
| Other operating charges | 640/8 | €1,165 | €1,125 | -€40 | -3.4% |
| Gross operating margin | 9900 | €35,232 | €25,658 | -€9,574 | -27.2% |
| Operating profit (loss) | 9901 | €31,677 | €22,154 | -€9,523 | -30.1% |
| Financial income | 75/76B | €63 | - | -€63 | |
| Recurring financial income | 75 | €63 | - | -€63 | |
| Financial charges | 65/66B | €79 | €260 | +€181 | +228.6% |
| Recurring financial charges | 65 | €79 | €260 | +€181 | +228.6% |
| Profit (loss) for the period before taxes | 9903 | €31,662 | €21,894 | -€9,768 | -30.9% |
| Income taxes | 67/77 | €7,068 | €5,803 | -€1,264 | -17.9% |
| Profit (loss) for the period | 9904 | €24,594 | €16,090 | -€8,503 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,594 | €16,090 | -€8,503 | -34.6% |
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 2 October 2026 via checked.be.