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WorkBelgium: 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.

What changed

WorkBelgium

BE 0744.732.148
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€23,829
2024 · €49,691-€25,863
Equity
€13,494
2024 · €9,665+€3,829
Cash
€13,840
2024 · €22,781-€8,941
Balance sheet total
€53,889
2024 · €59,048-€5,159

Largest movements

2024 to 2025
Assets
  • Cash -€8,941

    down €8,941 (-39.2%), from €22,781 to €13,840

    mainly Contributions, distributions and other (-€20,000) and Other debts (-€14,755)

  • Receivables within one year +€3,533

    up €3,533 (+25.5%), from €13,854 to €17,387

    of which Other amounts receivable: +€3,645

Equity and liabilities
  • Other debts -€14,755

    down €14,755 (-46.5%), from €31,755 to €17,000

  • Reserves +€8,494

    new in 2025: €8,494

  • Profit (loss) carried forward -€4,665

    no longer reported in 2025 (was €4,665)

  • Tax, wage and social debts +€4,651

    up €4,651 (+34.2%), from €13,593 to €18,244

  • Trade debts +€1,117

    up €1,117 (+27.7%), from €4,035 to €5,152

Income statement
  • Gross operating margin -€28,453

    down €28,453 (-42.7%), from €66,590 to €38,137

  • Taxes -€3,021

    down €3,021 (-28.5%), from €10,599 to €7,578

  • Depreciation +€857

    up €857 (+18.3%), from €4,694 to €5,551

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €49,691
Gross operating margin -€28,453
Depreciation -€857
Other operating charges +€359
Financial income +€70
Financial charges -€2
Taxes +€3,021
Result 2025 €23,829

Cash bridge derived

cash 2024 to 2025

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.

From operations +€16,752
Investment -€5,693
Financing -€20,000
Cash 2024 €22,781
Net result for the year +€23,829
Depreciation +€5,551
Receivables within one year -€3,533
Deferred charges and accrued income -€107
Trade debts +€1,117
Tax, wage and social debts +€4,651
Other debts -€14,755
Investment in fixed assets (net) -€5,693
Contributions, distributions and other -€20,000
Cash 2025 €13,840
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €59,048 €53,889 -€5,159 -8.7%
Fixed assets 21/28 €20,476 €20,618 +€142 +0.7%
Tangible fixed assets 22/27 €20,476 €20,618 +€142 +0.7%
Furniture and vehicles 24 €3,597 €2,780 -€817 -22.7%
Other tangible fixed assets 26 €16,879 €17,838 +€959 +5.7%
Current assets 29/58 €38,572 €33,271 -€5,301 -13.7%
Amounts receivable within one year 40/41 €13,854 €17,387 +€3,533 +25.5%
Trade receivables 40 €13,854 €13,742 -€112 -0.8%
Other amounts receivable 41 - €3,645 +€3,645
Cash at bank and in hand 54/58 €22,781 €13,840 -€8,941 -39.2%
Deferred charges and accrued income 490/1 €1,937 €2,044 +€107 +5.5%
Total equity and liabilities 10/49 €59,048 €53,889 -€5,159 -8.7%
Equity 10/15 €9,665 €13,494 +€3,829 +39.6%
Contributions 10/11 €5,000 €5,000 = 0.0%
Reserves 13 - €8,494 +€8,494
Distributable reserves 133 - €8,494 +€8,494
Profit (loss) carried forward 14 €4,665 - -€4,665
Amounts payable 17/49 €49,383 €40,395 -€8,988 -18.2%
Amounts payable within one year 42/48 €49,383 €40,395 -€8,988 -18.2%
Trade debts 44 €4,035 €5,152 +€1,117 +27.7%
Suppliers 440/4 €4,035 €5,152 +€1,117 +27.7%
Taxes, remuneration and social security 45 €13,593 €18,244 +€4,651 +34.2%
Taxes 450/3 €13,593 €18,244 +€4,651 +34.2%
Other amounts payable 47/48 €31,755 €17,000 -€14,755 -46.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €4,694 €5,551 +€857 +18.3%
Other operating charges 640/8 €1,167 €808 -€359 -30.7%
Gross operating margin 9900 €66,590 €38,137 -€28,453 -42.7%
Operating profit (loss) 9901 €60,729 €31,778 -€28,952 -47.7%
Financial income 75/76B €184 €254 +€70 +38.1%
Recurring financial income 75 €184 €254 +€70 +38.1%
Financial charges 65/66B €623 €625 +€2 +0.4%
Recurring financial charges 65 €623 €625 +€2 +0.4%
Profit (loss) for the period before taxes 9903 €60,290 €31,407 -€28,884 -47.9%
Income taxes 67/77 €10,599 €7,578 -€3,021 -28.5%
Profit (loss) for the period 9904 €49,691 €23,829 -€25,863 -52.0%
Profit (loss) for the period to be appropriated 9905 €49,691 €23,829 -€25,863 -52.0%

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 30 September 2026 via checked.be.