Work Smarter: 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 Smarter
Largest movements
- Tangible fixed assets -€24,380
down €24,380 (-5.5%), from €440,444 to €416,064
of which Land and buildings: -€13,320
- Receivables within one year -€9,008
down €9,008 (-35.9%), from €25,100 to €16,092
of which Other amounts receivable: -€10,869
- Other debts +€207,627
up €207,627 (+1,134%), from €18,314 to €225,941
- Reserves -€173,626
down €173,626 (-71.8%), from €241,794 to €68,168
of which Distributable reserves: -€173,626
- Debts after one year -€81,000
down €81,000 (-41.1%), from €197,129 to €116,129
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Taxes +€5,507
up €5,507 (+32.9%), from €16,736 to €22,242
- Financial charges -€2,000
down €2,000 (-16.5%), from €12,093 to €10,093
- Depreciation -€1,454
down €1,454 (-5.5%), from €26,534 to €25,080
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €477,333 | €441,170 | -€36,163 | -7.6% |
| Fixed assets | 21/28 | €440,484 | €416,104 | -€24,380 | -5.5% |
| Tangible fixed assets | 22/27 | €440,444 | €416,064 | -€24,380 | -5.5% |
| Land and buildings | 22 | €404,306 | €390,985 | -€13,320 | -3.3% |
| Plant, machinery and equipment | 23 | €2,692 | €2,205 | -€486 | -18.1% |
| Furniture and vehicles | 24 | €33,447 | €22,874 | -€10,573 | -31.6% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €36,848 | €25,065 | -€11,783 | -32.0% |
| Amounts receivable within one year | 40/41 | €25,100 | €16,092 | -€9,008 | -35.9% |
| Trade receivables | 40 | €11,836 | €13,697 | +€1,861 | +15.7% |
| Other amounts receivable | 41 | €13,264 | €2,395 | -€10,869 | -81.9% |
| Cash at bank and in hand | 54/58 | €10,863 | €8,046 | -€2,817 | -25.9% |
| Deferred charges and accrued income | 490/1 | €884 | €927 | +€42 | +4.8% |
| Total equity and liabilities | 10/49 | €477,333 | €441,170 | -€36,163 | -7.6% |
| Equity | 10/15 | €254,194 | €86,768 | -€167,426 | -65.9% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €241,794 | €68,168 | -€173,626 | -71.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €223,044 | €49,418 | -€173,626 | -77.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €223,139 | €354,401 | +€131,263 | +58.8% |
| Amounts payable after more than one year | 17 | €197,129 | €116,129 | -€81,000 | -41.1% |
| Other amounts payable | 178/9 | €197,129 | €116,129 | -€81,000 | -41.1% |
| Amounts payable within one year | 42/48 | €26,010 | €238,272 | +€212,263 | +816% |
| Trade debts | 44 | €737 | €1,328 | +€591 | +80.1% |
| Suppliers | 440/4 | €737 | €1,328 | +€591 | +80.1% |
| Taxes, remuneration and social security | 45 | €6,958 | €11,003 | +€4,045 | +58.1% |
| Taxes | 450/3 | €6,958 | €11,003 | +€4,045 | +58.1% |
| Other amounts payable | 47/48 | €18,314 | €225,941 | +€207,627 | +1,134% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,534 | €25,080 | -€1,454 | -5.5% |
| Other operating charges | 640/8 | €2,031 | €2,110 | +€79 | +3.9% |
| Gross operating margin | 9900 | €105,774 | €105,899 | +€126 | +0.1% |
| Operating profit (loss) | 9901 | €77,208 | €78,709 | +€1,501 | +1.9% |
| Financial charges | 65/66B | €12,093 | €10,093 | -€2,000 | -16.5% |
| Recurring financial charges | 65 | €12,093 | €10,093 | -€2,000 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €65,115 | €68,617 | +€3,501 | +5.4% |
| Income taxes | 67/77 | €16,736 | €22,242 | +€5,507 | +32.9% |
| Profit (loss) for the period | 9904 | €48,380 | €46,374 | -€2,005 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,380 | €46,374 | -€2,005 | -4.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.