WORKS & TOOLS: 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.
WORKS & TOOLS
Largest movements
- Tangible fixed assets -€44,612
down €44,612 (-11.6%), from €385,139 to €340,527
of which Leasing and similar rights: -€47,546
- Receivables within one year +€14,005
up €14,005 (+22.8%), from €61,520 to €75,525
of which Trade receivables: +€7,643
- Cash +€13,699
up €13,699 (+290.4%), from €4,717 to €18,416
mainly Depreciation (+€59,333) and Net result for the year (+€40,168)
- Reserves +€147,762
up €147,762 (+7944.2%), from €1,860 to €149,622
of which Distributable reserves: +€147,762
- Profit (loss) carried forward -€107,594
down €107,594 (-100.0%), from €107,594 to €0
- Debts after one year -€82,174
down €82,174 (-36.6%), from €224,582 to €142,407
- Tax, wage and social debts +€15,283
up €15,283 (+1069.0%), from €1,430 to €16,712
of which Taxes: +€14,776
- Current portion of long-term debt +€6,797
up €6,797 (+9.0%), from €75,890 to €82,687
- Gross operating margin +€44,223
up €44,223 (+55.0%), from €80,374 to €124,596
- Financial charges -€16,767
down €16,767 (-82.8%), from €20,244 to €3,478
- Taxes +€14,776
new in 2025: €14,776
- Depreciation +€1,818
up €1,818 (+3.2%), from €57,515 to €59,333
- Staff costs +€1,566
new in 2025: €1,566
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 | €456,373 | €434,468 | -€21,904 | -4.8% |
| Fixed assets | 21/28 | €388,591 | €340,527 | -€48,064 | -12.4% |
| Tangible fixed assets | 22/27 | €385,139 | €340,527 | -€44,612 | -11.6% |
| Land and buildings | 22 | €259,840 | €250,240 | -€9,600 | -3.7% |
| Furniture and vehicles | 24 | €3,137 | €15,671 | +€12,534 | +399.5% |
| Leasing and similar rights | 25 | €122,162 | €74,616 | -€47,546 | -38.9% |
| Financial fixed assets | 28 | €3,452 | €0 | -€3,452 | -100.0% |
| Current assets | 29/58 | €67,782 | €93,941 | +€26,159 | +38.6% |
| Amounts receivable within one year | 40/41 | €61,520 | €75,525 | +€14,005 | +22.8% |
| Trade receivables | 40 | €59,764 | €67,408 | +€7,643 | +12.8% |
| Other amounts receivable | 41 | €1,756 | €8,118 | +€6,362 | +362.3% |
| Cash at bank and in hand | 54/58 | €4,717 | €18,416 | +€13,699 | +290.4% |
| Deferred charges and accrued income | 490/1 | €1,544 | €0 | -€1,544 | -100.0% |
| Total equity and liabilities | 10/49 | €456,373 | €434,468 | -€21,904 | -4.8% |
| Equity | 10/15 | €128,054 | €168,222 | +€40,168 | +31.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €149,622 | +€147,762 | +7944.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €147,762 | +€147,762 | |
| Profit (loss) carried forward | 14 | €107,594 | €0 | -€107,594 | -100.0% |
| Amounts payable | 17/49 | €328,318 | €266,246 | -€62,072 | -18.9% |
| Amounts payable after more than one year | 17 | €224,582 | €142,407 | -€82,174 | -36.6% |
| Financial debts | 170/4 | €224,582 | €142,407 | -€82,174 | -36.6% |
| Amounts payable within one year | 42/48 | €103,737 | €123,839 | +€20,102 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €75,890 | €82,687 | +€6,797 | +9.0% |
| Trade debts | 44 | €948 | €3,523 | +€2,575 | +271.6% |
| Suppliers | 440/4 | €948 | €3,523 | +€2,575 | +271.6% |
| Taxes, remuneration and social security | 45 | €1,430 | €16,712 | +€15,283 | +1069.0% |
| Taxes | 450/3 | - | €14,776 | +€14,776 | |
| Remuneration and social security | 454/9 | €1,430 | €1,936 | +€507 | +35.4% |
| Other amounts payable | 47/48 | €25,469 | €20,916 | -€4,553 | -17.9% |
| Remuneration, social security and pensions | 62 | - | €1,566 | +€1,566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,515 | €59,333 | +€1,818 | +3.2% |
| Other operating charges | 640/8 | €3,913 | €5,276 | +€1,363 | +34.8% |
| Gross operating margin | 9900 | €80,374 | €124,596 | +€44,223 | +55.0% |
| Operating profit (loss) | 9901 | €18,946 | €58,422 | +€39,476 | +208.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €20,244 | €3,478 | -€16,767 | -82.8% |
| Recurring financial charges | 65 | €20,244 | €3,478 | -€16,767 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,299 | €54,944 | +€56,243 | |
| Income taxes | 67/77 | - | €14,776 | +€14,776 | |
| Profit (loss) for the period | 9904 | -€1,299 | €40,168 | +€41,466 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,299 | €40,168 | +€41,466 |
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.