Work Matters: 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 Matters
Largest movements
- Current investments -€107,443
down €107,443 (-100%), from €107,443 to €0
- Cash +€6,901
up €6,901 (+80.4%), from €8,587 to €15,488
mainly Current investments (+€107,443) and Net result for the year (+€12,590)
- Receivables within one year -€1,620
down €1,620 (-8.2%), from €19,695 to €18,075
of which Trade receivables: -€2,243
- Profit (loss) carried forward -€111,271
down €111,271 (-100%), from €111,271 to €0
- Other debts +€8,362
up €8,362, from €0 to €8,362
- Trade debts -€6,060
down €6,060 (-69.6%), from €8,713 to €2,653
- Tax, wage and social debts +€5,055
up €5,055 (+26.7%), from €18,905 to €23,960
of which Taxes: +€3,055
- Gross operating margin -€40,835
down €40,835 (-65.2%), from €62,606 to €21,771
- Taxes -€7,768
down €7,768 (-58.3%), from €13,315 to €5,547
- Other operating charges +€915
up €915 (+208%), from €440 to €1,355
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 | €143,889 | €39,975 | -€103,914 | -72.2% |
| Fixed assets | 21/28 | €4,968 | €4,433 | -€535 | -10.8% |
| Tangible fixed assets | 22/27 | €4,968 | €4,433 | -€535 | -10.8% |
| Furniture and vehicles | 24 | €3,380 | €2,438 | -€942 | -27.9% |
| Other tangible fixed assets | 26 | €1,588 | €1,995 | +€407 | +25.6% |
| Current assets | 29/58 | €138,921 | €35,542 | -€103,379 | -74.4% |
| Amounts receivable within one year | 40/41 | €19,695 | €18,075 | -€1,620 | -8.2% |
| Trade receivables | 40 | €15,488 | €13,245 | -€2,243 | -14.5% |
| Other amounts receivable | 41 | €4,207 | €4,830 | +€623 | +14.8% |
| Current investments | 50/53 | €107,443 | €0 | -€107,443 | -100% |
| Cash at bank and in hand | 54/58 | €8,587 | €15,488 | +€6,901 | +80.4% |
| Deferred charges and accrued income | 490/1 | €3,196 | €1,979 | -€1,217 | -38.1% |
| Total equity and liabilities | 10/49 | €143,889 | €39,975 | -€103,914 | -72.2% |
| Equity | 10/15 | €116,271 | €5,000 | -€111,271 | -95.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,271 | €0 | -€111,271 | -100% |
| Amounts payable | 17/49 | €27,618 | €34,975 | +€7,357 | +26.6% |
| Amounts payable within one year | 42/48 | €27,618 | €34,975 | +€7,357 | +26.6% |
| Trade debts | 44 | €8,713 | €2,653 | -€6,060 | -69.6% |
| Suppliers | 440/4 | €8,713 | €2,653 | -€6,060 | -69.6% |
| Taxes, remuneration and social security | 45 | €18,905 | €23,960 | +€5,055 | +26.7% |
| Taxes | 450/3 | €18,905 | €21,960 | +€3,055 | +16.2% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €0 | €8,362 | +€8,362 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €813 | €1,408 | +€595 | +73.2% |
| Other operating charges | 640/8 | €440 | €1,355 | +€915 | +208% |
| Gross operating margin | 9900 | €62,606 | €21,771 | -€40,835 | -65.2% |
| Operating profit (loss) | 9901 | €61,352 | €19,008 | -€42,345 | -69.0% |
| Financial income | 75/76B | €899 | €854 | -€45 | -5.0% |
| Recurring financial income | 75 | €899 | €854 | -€45 | -5.0% |
| Financial charges | 65/66B | €2,096 | €1,724 | -€371 | -17.7% |
| Recurring financial charges | 65 | €2,096 | €1,724 | -€371 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €60,156 | €18,137 | -€42,019 | -69.8% |
| Income taxes | 67/77 | €13,315 | €5,547 | -€7,768 | -58.3% |
| Profit (loss) for the period | 9904 | €46,841 | €12,590 | -€34,251 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,841 | €12,590 | -€34,251 | -73.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.