Work Today: 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 Today
Largest movements
- Cash +€1.2m
up €1.2m (+85.6%), from €1.3m to €2.5m
mainly Trade debts (+€979,214) and Net result for the year (+€576,985)
- Receivables within one year +€99,621
up €99,621 (+8.3%), from €1.2m to €1.3m
of which Trade receivables: +€305,953
- Trade debts +€979,214
up €979,214 (+179.7%), from €544,815 to €1.5m
- Other debts +€550,000
new in 2025: €550,000
- Tax, wage and social debts -€316,128
down €316,128 (-18.3%), from €1.7m to €1.4m
of which Taxes: -€817,045
- Gross operating margin +€17.9m
up €17.9m (+184.6%), from €9.7m to €27.6m
- Staff costs +€17.2m
up €17.2m (+179.9%), from €9.6m to €26.8m
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 | €2,561,109 | €3,814,681 | +€1.3m | +48.9% |
| Fixed assets | 21/28 | €7,553 | €3,958 | -€3,595 | -47.6% |
| Tangible fixed assets | 22/27 | €7,553 | €3,958 | -€3,595 | -47.6% |
| Furniture and vehicles | 24 | - | €3,958 | +€3,958 | |
| Other tangible fixed assets | 26 | €7,553 | - | -€7,553 | |
| Current assets | 29/58 | €2,553,556 | €3,810,723 | +€1.3m | +49.2% |
| Amounts receivable within one year | 40/41 | €1,205,484 | €1,305,105 | +€99,621 | +8.3% |
| Trade receivables | 40 | €926,867 | €1,232,820 | +€305,953 | +33.0% |
| Other amounts receivable | 41 | €278,617 | €72,285 | -€206,332 | -74.1% |
| Cash at bank and in hand | 54/58 | €1,346,622 | €2,499,557 | +€1.2m | +85.6% |
| Deferred charges and accrued income | 490/1 | €1,450 | €6,061 | +€4,611 | +318.0% |
| Total equity and liabilities | 10/49 | €2,561,109 | €3,814,681 | +€1.3m | +48.9% |
| Equity | 10/15 | €279,133 | €306,119 | +€26,986 | +9.7% |
| Contributions | 10/11 | €111,486 | €111,486 | = | 0.0% |
| Capital | 10 | €111,486 | €111,486 | = | 0.0% |
| Issued capital | 100 | €111,486 | €111,486 | = | 0.0% |
| Reserves | 13 | €13,950 | €13,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,149 | €11,149 | = | 0.0% |
| Legal reserve | 130 | €11,149 | €11,149 | = | 0.0% |
| Distributable reserves | 133 | €2,801 | €2,801 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,697 | €180,683 | +€26,986 | +17.6% |
| Amounts payable | 17/49 | €2,281,976 | €3,508,562 | +€1.2m | +53.8% |
| Amounts payable within one year | 42/48 | €2,272,976 | €3,486,062 | +€1.2m | +53.4% |
| Trade debts | 44 | €544,815 | €1,524,029 | +€979,214 | +179.7% |
| Suppliers | 440/4 | €544,815 | €1,524,029 | +€979,214 | +179.7% |
| Taxes, remuneration and social security | 45 | €1,728,161 | €1,412,033 | -€316,128 | -18.3% |
| Taxes | 450/3 | €1,235,281 | €418,236 | -€817,045 | -66.1% |
| Remuneration and social security | 454/9 | €492,880 | €993,797 | +€500,917 | +101.6% |
| Other amounts payable | 47/48 | - | €550,000 | +€550,000 | |
| Accrued charges and deferred income | 492/3 | €9,000 | €22,500 | +€13,500 | +150.0% |
| Non-recurring operating income | 76A | - | €1,382 | +€1,382 | |
| Remuneration, social security and pensions | 62 | €9,583,258 | €26,822,300 | +€17.2m | +179.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,595 | €3,595 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,818 | €70,924 | +€56,106 | +378.6% |
| Other operating charges | 640/8 | €841 | €3,011 | +€2,170 | +258.0% |
| Non-recurring operating charges | 66A | - | €1,780 | +€1,780 | |
| Gross operating margin | 9900 | €9,688,065 | €27,573,044 | +€17.9m | +184.6% |
| Operating profit (loss) | 9901 | €85,553 | €671,434 | +€585,881 | +684.8% |
| Financial income | 75/76B | - | €27,116 | +€27,116 | |
| Recurring financial income | 75 | - | €27,116 | +€27,116 | |
| Financial charges | 65/66B | €4,276 | €41,213 | +€36,937 | +863.8% |
| Recurring financial charges | 65 | €4,276 | €41,213 | +€36,937 | +863.8% |
| Profit (loss) for the period before taxes | 9903 | €81,277 | €657,337 | +€576,060 | +708.8% |
| Income taxes | 67/77 | €35,203 | €80,352 | +€45,149 | +128.3% |
| Profit (loss) for the period | 9904 | €46,074 | €576,985 | +€530,911 | +1152.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,074 | €576,985 | +€530,911 | +1152.3% |
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 4 October 2026 via checked.be.