Workspace Factories: 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
Workspace Factories
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€365,786
2024 · €82,455-€448,241
Equity
€11.9m
2024 · €12.3m-€365,786
Cash
€144,397
2024 · €197,357-€52,960
Balance sheet total
€47.2m
2024 · €42.4m+€4.8m
Largest movements
Assets
- Financial fixed assets +€5.0m
up €5.0m (+12.6%), from €39.7m to €44.7m
of which Affiliated companies: +€5.0m
Equity and liabilities
- Debts after one year +€3.9m
up €3.9m (+14.0%), from €27.9m to €31.8m
of which Financial debts: +€3.9m
- Trade debts +€816,297
up €816,297 (+103.5%), from €789,058 to €1.6m
Income statement
- Services and other goods +€457,778
up €457,778 (+101.7%), from €450,112 to €907,890
- Turnover +€126,094
up €126,094 (+8.9%), from €1.4m to €1.5m
- Financial charges +€94,038
up €94,038 (+10.5%), from €899,886 to €993,924
- Depreciation +€17,835
new in 2025: €17,835
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.
Result 2024
€82,455
Turnover
+€126,094
Services and other goods
-€457,778
Depreciation
-€17,835
Other operating charges
-€66
Financial income
-€4,617
Financial charges
-€94,038
Result 2025
-€365,786
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.
From operations
+€1.0m
Investment
-€5.0m
Financing
+€3.9m
Cash 2024
€197,357
From operations (derived)
+€1.0m
Net result for the year
-€365,786
Depreciation
+€17,835
Receivables within one year
-€114,292
Deferred charges and accrued income
+€201,358
Trade debts
+€816,297
Tax, wage and social debts
+€60,898
Other debts
+€416,071
Investment (derived)
-€5.0m
Investment in fixed assets (net)
-€5.0m
Financing
+€3.9m
Debts after one year
+€3.9m
Current portion of long-term debt
+€15,198
Cash 2025
€144,397
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,385,250 | €47,226,599 | +€4.8m | +11.4% |
| Fixed assets | 21/28 | €39,756,870 | €44,738,244 | +€5.0m | +12.5% |
| Tangible fixed assets | 22/27 | €89,175 | €71,340 | -€17,835 | -20.0% |
| Furniture and vehicles | 24 | €89,175 | €71,340 | -€17,835 | -20.0% |
| Financial fixed assets | 28 | €39,667,696 | €44,666,905 | +€5.0m | +12.6% |
| Affiliated companies | 280/1 | €39,665,145 | €44,665,145 | +€5.0m | +12.6% |
| Participating interests | 280 | €39,665,145 | €44,665,145 | +€5.0m | +12.6% |
| Companies linked by participating interests | 282/3 | €791 | - | -€791 | |
| Participating interests | 282 | €791 | - | -€791 | |
| Other financial fixed assets | 284/8 | €1,760 | €1,760 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,760 | €1,760 | = | 0.0% |
| Current assets | 29/58 | €2,628,380 | €2,488,354 | -€140,026 | -5.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,229,665 | €2,343,957 | +€114,292 | +5.1% |
| Trade receivables | 40 | €1,270,406 | €1,988,436 | +€718,030 | +56.5% |
| Other amounts receivable | 41 | €959,259 | €355,521 | -€603,738 | -62.9% |
| Cash at bank and in hand | 54/58 | €197,357 | €144,397 | -€52,960 | -26.8% |
| Deferred charges and accrued income | 490/1 | €201,358 | - | -€201,358 | |
| Total equity and liabilities | 10/49 | €42,385,250 | €47,226,599 | +€4.8m | +11.4% |
| Equity | 10/15 | €12,311,924 | €11,946,139 | -€365,786 | -3.0% |
| Contributions | 10/11 | €7,250,200 | €7,250,200 | = | 0.0% |
| Revaluation surpluses | 12 | €5,065,021 | €5,065,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,297 | -€369,082 | -€365,786 | -11095.5% |
| Amounts payable | 17/49 | €30,073,326 | €35,280,460 | +€5.2m | +17.3% |
| Amounts payable after more than one year | 17 | €27,935,029 | €31,833,699 | +€3.9m | +14.0% |
| Financial debts | 170/4 | €26,514,029 | €30,412,699 | +€3.9m | +14.7% |
| Subordinated loans | 170 | - | €1,600,000 | +€1.6m | |
| Other loans | 174 | €26,514,029 | €28,812,699 | +€2.3m | +8.7% |
| Other amounts payable | 178/9 | €1,421,000 | €1,421,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,138,297 | €3,446,761 | +€1.3m | +61.2% |
| Current portion of amounts payable after more than one year | 42 | €96,643 | €111,840 | +€15,198 | +15.7% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €789,058 | €1,605,355 | +€816,297 | +103.5% |
| Suppliers | 440/4 | €789,058 | €1,605,355 | +€816,297 | +103.5% |
| Taxes, remuneration and social security | 45 | €24,448 | €85,345 | +€60,898 | +249.1% |
| Taxes | 450/3 | €24,448 | €85,345 | +€60,898 | +249.1% |
| Other amounts payable | 47/48 | €1,228,149 | €1,644,220 | +€416,071 | +33.9% |
| Operating income | 70/76A | €1,417,906 | €1,544,000 | +€126,094 | +8.9% |
| Turnover | 70 | €1,417,906 | €1,544,000 | +€126,094 | +8.9% |
| Operating charges | 60/66A | €451,846 | €927,525 | +€475,679 | +105.3% |
| Services and other goods | 61 | €450,112 | €907,890 | +€457,778 | +101.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €17,835 | +€17,835 | |
| Other operating charges | 640/8 | €1,734 | €1,800 | +€66 | +3.8% |
| Operating profit (loss) | 9901 | €966,060 | €616,475 | -€349,585 | -36.2% |
| Financial income | 75/76B | €16,281 | €11,663 | -€4,617 | -28.4% |
| Recurring financial income | 75 | €16,281 | €11,663 | -€4,617 | -28.4% |
| Other financial income | 752/9 | €16,281 | €11,663 | -€4,617 | -28.4% |
| Financial charges | 65/66B | €899,886 | €993,924 | +€94,038 | +10.5% |
| Recurring financial charges | 65 | €899,886 | €993,924 | +€94,038 | +10.5% |
| Debt charges | 650 | €899,886 | €993,924 | +€94,038 | +10.5% |
| Other financial charges | 652/9 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €82,455 | -€365,786 | -€448,241 | |
| Profit (loss) for the period | 9904 | €82,455 | -€365,786 | -€448,241 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,455 | -€365,786 | -€448,241 |
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 2 October 2026 via checked.be.