Work Together: 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 Together
Largest movements
- Cash -€38,793
down €38,793 (-51.7%), from €75,027 to €36,234
mainly Contributions, distributions and other (-€73,701) and Other debts (-€28,474)
- Tangible fixed assets +€6,907
up €6,907 (+14.7%), from €47,056 to €53,963
of which Other tangible fixed assets: +€15,762
- Receivables within one year -€5,973
down €5,973 (-11.5%), from €51,797 to €45,824
- Other debts -€28,474
down €28,474 (-27.9%), from €102,175 to €73,701
- Tax, wage and social debts -€9,922
down €9,922 (-59.2%), from €16,753 to €6,831
- Debts after one year +€6,796
up €6,796 (+32.9%), from €20,667 to €27,463
- Current portion of long-term debt -€4,456
down €4,456 (-30.6%), from €14,557 to €10,100
- Gross operating margin -€16,156
down €16,156 (-20.7%), from €78,100 to €61,944
- Financial income +€10,062
up €10,062 (+33.5%), from €30,062 to €40,125
- Taxes -€5,566
down €5,566 (-32.1%), from €17,361 to €11,796
- Depreciation +€2,407
up €2,407 (+19.7%), from €12,205 to €14,612
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 | €176,162 | €138,573 | -€37,589 | -21.3% |
| Fixed assets | 21/28 | €48,156 | €55,063 | +€6,907 | +14.3% |
| Tangible fixed assets | 22/27 | €47,056 | €53,963 | +€6,907 | +14.7% |
| Furniture and vehicles | 24 | €30,622 | €21,767 | -€8,855 | -28.9% |
| Other tangible fixed assets | 26 | €16,434 | €32,196 | +€15,762 | +95.9% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €128,006 | €83,510 | -€44,496 | -34.8% |
| Amounts receivable within one year | 40/41 | €51,797 | €45,824 | -€5,973 | -11.5% |
| Other amounts receivable | 41 | €51,797 | €45,824 | -€5,973 | -11.5% |
| Cash at bank and in hand | 54/58 | €75,027 | €36,234 | -€38,793 | -51.7% |
| Deferred charges and accrued income | 490/1 | €1,182 | €1,453 | +€270 | +22.9% |
| Total equity and liabilities | 10/49 | €176,162 | €138,573 | -€37,589 | -21.3% |
| Equity | 10/15 | €18,550 | €18,551 | +€0 | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €1 | +€0 | +71.4% |
| Amounts payable | 17/49 | €157,612 | €120,022 | -€37,590 | -23.8% |
| Amounts payable after more than one year | 17 | €20,667 | €27,463 | +€6,796 | +32.9% |
| Financial debts | 170/4 | €20,667 | €27,463 | +€6,796 | +32.9% |
| Amounts payable within one year | 42/48 | €136,645 | €92,559 | -€44,086 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €14,557 | €10,100 | -€4,456 | -30.6% |
| Trade debts | 44 | €2,813 | €1,927 | -€886 | -31.5% |
| Suppliers | 440/4 | €2,813 | €1,927 | -€886 | -31.5% |
| Advances received on contracts in progress | 46 | €347 | - | -€347 | |
| Taxes, remuneration and social security | 45 | €16,753 | €6,831 | -€9,922 | -59.2% |
| Taxes | 450/3 | €16,753 | €6,831 | -€9,922 | -59.2% |
| Other amounts payable | 47/48 | €102,175 | €73,701 | -€28,474 | -27.9% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,205 | €14,612 | +€2,407 | +19.7% |
| Other operating charges | 640/8 | €418 | €411 | -€7 | -1.6% |
| Gross operating margin | 9900 | €78,100 | €61,944 | -€16,156 | -20.7% |
| Operating profit (loss) | 9901 | €65,477 | €46,921 | -€18,557 | -28.3% |
| Financial income | 75/76B | €30,062 | €40,125 | +€10,062 | +33.5% |
| Recurring financial income | 75 | €30,062 | €40,125 | +€10,062 | +33.5% |
| Financial charges | 65/66B | €1,533 | €1,548 | +€15 | +1.0% |
| Recurring financial charges | 65 | €1,533 | €1,548 | +€15 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €94,006 | €85,497 | -€8,509 | -9.1% |
| Income taxes | 67/77 | €17,361 | €11,796 | -€5,566 | -32.1% |
| Profit (loss) for the period | 9904 | €76,645 | €73,701 | -€2,943 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,645 | €73,701 | -€2,943 | -3.8% |
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 3 October 2026 via checked.be.