WORK KING SIDE STORY: what changed
WORK KING SIDE STORY
Largest movements
- Cash +€28,114
up €28,114 (+51.1%), from €54,975 to €83,089
mainly Trade debts (+€45,328) and Other debts (+€26,959)
- Receivables within one year -€16,937
down €16,937 (-53.9%), from €31,447 to €14,510
of which Trade receivables: -€23,410
- Profit (loss) carried forward -€59,064
down €59,064, from €24,796 to -€34,268
- Trade debts +€45,328
up €45,328 (+80.0%), from €56,660 to €101,988
of which Suppliers: +€31,219
- Other debts +€26,959
up €26,959 (+3,968%), from €679 to €27,639
- Accrued charges and deferred income -€2,422
down €2,422 (-100%), from €2,422 to €0
- Gross operating margin -€75,637
down €75,637, from €41,649 to -€33,989
- Staff costs +€13,403
up €13,403 (+133%), from €10,101 to €23,504
- Taxes -€6,357
down €6,357 (-100%), from €6,357 to €0
- Other operating charges +€601
up €601 (+185%), from €325 to €926
- Depreciation +€598
up €598 (+36,485%), from €2 to €600
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,420 | €102,998 | +€10,577 | +11.4% |
| Fixed assets | 21/28 | €5,998 | €5,398 | -€600 | -10.0% |
| Tangible fixed assets | 22/27 | €5,998 | €5,398 | -€600 | -10.0% |
| Plant, machinery and equipment | 23 | €5,998 | €5,398 | -€600 | -10.0% |
| Current assets | 29/58 | €86,422 | €97,599 | +€11,177 | +12.9% |
| Amounts receivable within one year | 40/41 | €31,447 | €14,510 | -€16,937 | -53.9% |
| Trade receivables | 40 | €23,410 | €0 | -€23,410 | -100% |
| Other amounts receivable | 41 | €8,037 | €14,510 | +€6,473 | +80.5% |
| Cash at bank and in hand | 54/58 | €54,975 | €83,089 | +€28,114 | +51.1% |
| Total equity and liabilities | 10/49 | €92,420 | €102,998 | +€10,577 | +11.4% |
| Equity | 10/15 | €24,796 | -€34,268 | -€59,064 | |
| Profit (loss) carried forward | 14 | €24,796 | -€34,268 | -€59,064 | |
| Amounts payable | 17/49 | €67,624 | €137,265 | +€69,642 | +103% |
| Amounts payable within one year | 42/48 | €65,202 | €137,265 | +€72,063 | +111% |
| Trade debts | 44 | €56,660 | €101,988 | +€45,328 | +80.0% |
| Suppliers | 440/4 | €56,660 | €87,879 | +€31,219 | +55.1% |
| Bills of exchange payable | 441 | - | €14,109 | +€14,109 | |
| Taxes, remuneration and social security | 45 | €7,863 | €7,639 | -€224 | -2.9% |
| Taxes | 450/3 | €6,357 | €7,639 | +€1,282 | +20.2% |
| Remuneration and social security | 454/9 | €1,506 | €0 | -€1,506 | -100% |
| Other amounts payable | 47/48 | €679 | €27,639 | +€26,959 | +3,968% |
| Accrued charges and deferred income | 492/3 | €2,422 | €0 | -€2,422 | -100% |
| Remuneration, social security and pensions | 62 | €10,101 | €23,504 | +€13,403 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2 | €600 | +€598 | +36,485% |
| Other operating charges | 640/8 | €325 | €926 | +€601 | +185% |
| Gross operating margin | 9900 | €41,649 | -€33,989 | -€75,637 | |
| Operating profit (loss) | 9901 | €31,221 | -€59,019 | -€90,240 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +8,429% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +8,429% |
| Financial charges | 65/66B | €68 | €52 | -€16 | -24.2% |
| Recurring financial charges | 65 | €68 | €52 | -€16 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €31,154 | -€59,064 | -€90,218 | |
| Income taxes | 67/77 | €6,357 | €0 | -€6,357 | -100% |
| Profit (loss) for the period | 9904 | €24,796 | -€59,064 | -€83,861 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,796 | -€59,064 | -€83,861 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.