WORKR P & O: 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.
WORKR P & O
Largest movements
- Receivables within one year -€74,292
down €74,292 (-24.7%), from €300,374 to €226,081
of which Other amounts receivable: -€126,631
- Cash -€15,422
down €15,422 (-99.9%), from €15,444 to €23
mainly Short-term financial debts (-€62,085) and Net result for the year (-€54,965)
- Deferred charges and accrued income +€10,787
new in 2025: €10,787
- Tangible fixed assets -€8,873
down €8,873 (-68.6%), from €12,941 to €4,068
of which Plant, machinery and equipment: -€6,034
- Short-term financial debts -€62,085
down €62,085 (-52.3%), from €118,794 to €56,709
- Profit (loss) carried forward -€54,965
down €54,965 (-59.4%), from -€92,594 to -€147,559
- Accrued charges and deferred income -€42,708
no longer reported in 2025 (was €42,708)
- Debts after one year +€39,944
up €39,944 (+624%), from €6,400 to €46,344
- Current portion of long-term debt +€32,057
new in 2025: €32,057
- Gross operating margin +€123,041
up €123,041 (+126%), from €97,969 to €221,010
- Write-downs -€13,434
no longer reported in 2025 (was €13,434)
- Staff costs -€11,549
down €11,549 (-8.0%), from €144,545 to €132,996
- Other operating charges -€6,889
down €6,889 (-74.3%), from €9,278 to €2,388
- Depreciation -€3,312
down €3,312 (-27.2%), from €12,185 to €8,873
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 | €332,309 | €244,509 | -€87,800 | -26.4% |
| Fixed assets | 21/28 | €16,491 | €7,618 | -€8,873 | -53.8% |
| Tangible fixed assets | 22/27 | €12,941 | €4,068 | -€8,873 | -68.6% |
| Plant, machinery and equipment | 23 | €6,421 | €387 | -€6,034 | -94.0% |
| Furniture and vehicles | 24 | €6,521 | €3,681 | -€2,839 | -43.5% |
| Financial fixed assets | 28 | €3,550 | €3,550 | = | 0.0% |
| Current assets | 29/58 | €315,818 | €236,891 | -€78,927 | -25.0% |
| Amounts receivable within one year | 40/41 | €300,374 | €226,081 | -€74,292 | -24.7% |
| Trade receivables | 40 | €143,596 | €195,935 | +€52,339 | +36.4% |
| Other amounts receivable | 41 | €156,777 | €30,146 | -€126,631 | -80.8% |
| Cash at bank and in hand | 54/58 | €15,444 | €23 | -€15,422 | -99.9% |
| Deferred charges and accrued income | 490/1 | - | €10,787 | +€10,787 | |
| Total equity and liabilities | 10/49 | €332,309 | €244,509 | -€87,800 | -26.4% |
| Equity | 10/15 | €60,630 | €5,665 | -€54,965 | -90.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €103,224 | €103,224 | = | 0.0% |
| Distributable reserves | 133 | €103,224 | €103,224 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,594 | -€147,559 | -€54,965 | -59.4% |
| Amounts payable | 17/49 | €271,679 | €238,844 | -€32,835 | -12.1% |
| Amounts payable after more than one year | 17 | €6,400 | €46,344 | +€39,944 | +624% |
| Financial debts | 170/4 | €6,400 | €46,344 | +€39,944 | +624% |
| Amounts payable within one year | 42/48 | €222,572 | €192,500 | -€30,071 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | - | €32,057 | +€32,057 | |
| Financial debts | 43 | €118,794 | €56,709 | -€62,085 | -52.3% |
| Credit institutions | 430/8 | €118,794 | €56,709 | -€62,085 | -52.3% |
| Trade debts | 44 | €11,652 | €4,789 | -€6,863 | -58.9% |
| Suppliers | 440/4 | €11,652 | €4,789 | -€6,863 | -58.9% |
| Taxes, remuneration and social security | 45 | €62,011 | €51,036 | -€10,975 | -17.7% |
| Taxes | 450/3 | €24,769 | €29,880 | +€5,111 | +20.6% |
| Remuneration and social security | 454/9 | €37,242 | €21,156 | -€16,086 | -43.2% |
| Other amounts payable | 47/48 | €30,115 | €47,910 | +€17,795 | +59.1% |
| Accrued charges and deferred income | 492/3 | €42,708 | - | -€42,708 | |
| Remuneration, social security and pensions | 62 | €144,545 | €132,996 | -€11,549 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,185 | €8,873 | -€3,312 | -27.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,434 | - | -€13,434 | |
| Other operating charges | 640/8 | €9,278 | €2,388 | -€6,889 | -74.3% |
| Non-recurring operating charges | 66A | - | €120,525 | +€120,525 | |
| Gross operating margin | 9900 | €97,969 | €221,010 | +€123,041 | +126% |
| Operating profit (loss) | 9901 | -€81,472 | -€43,772 | +€37,700 | +46.3% |
| Financial income | 75/76B | €32 | €26 | -€6 | -20.1% |
| Recurring financial income | 75 | €32 | €26 | -€6 | -20.1% |
| Financial charges | 65/66B | €11,154 | €11,219 | +€65 | +0.6% |
| Recurring financial charges | 65 | €11,154 | €11,219 | +€65 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€92,594 | -€54,965 | +€37,629 | +40.6% |
| Profit (loss) for the period | 9904 | -€92,594 | -€54,965 | +€37,629 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,594 | -€54,965 | +€37,629 | +40.6% |
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 18 October 2026 via checked.be.