WORKTOOLS: 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.
What changed
WORKTOOLS
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€92,469
2024 · €55,761+€36,708
Equity
€613,646
2024 · €571,178+€42,469
Cash
€165,412
2024 · €155,250+€10,162
Balance sheet total
€1.0m
2024 · €991,667+€28,279
Largest movements
Assets
- Receivables after one year -€37,000
no longer reported in 2025 (was €37,000)
- Stocks and contracts +€36,722
up €36,722 (+10.9%), from €336,814 to €373,536
- Tangible fixed assets +€12,087
up €12,087 (+6.2%), from €195,733 to €207,820
of which Land and buildings: +€21,703
- Receivables within one year +€10,766
up €10,766 (+4.3%), from €251,771 to €262,537
Equity and liabilities
- Profit (loss) carried forward +€42,469
up €42,469 (+9.6%), from €440,434 to €482,903
- Trade debts -€28,127
down €28,127 (-17.1%), from €164,951 to €136,824
Income statement
- Gross operating margin +€81,118
up €81,118 (+42.1%), from €192,633 to €273,752
- Staff costs +€32,577
up €32,577 (+41.0%), from €79,509 to €112,086
- Taxes +€14,623
up €14,623 (+95.4%), from €15,321 to €29,945
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
€55,761
Gross operating margin
+€81,118
Staff costs
-€32,577
Depreciation
+€2,512
Other operating charges
+€1,824
Financial income
+€966
Financial charges
-€2,512
Taxes
-€14,623
Result 2025
€92,469
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
+€104,949
Investment
-€40,289
Financing
-€54,497
Cash 2024
€155,250
From operations (derived)
+€104,949
Net result for the year
+€92,469
Depreciation
+€29,192
Receivables after one year
+€37,000
Stocks and contracts
-€36,722
Receivables within one year
-€10,766
Deferred charges and accrued income
+€3,469
Trade debts
-€28,127
Tax, wage and social debts
+€8,434
Other debts
+€10,000
Investment (derived)
-€40,289
Investment in fixed assets (net)
-€40,289
Financing
-€54,497
Current portion of long-term debt
-€4,497
Contributions, distributions and other
-€50,000
Cash 2025
€165,412
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €991,667 | €1,019,946 | +€28,279 | +2.9% |
| Fixed assets | 21/28 | €200,733 | €211,831 | +€11,098 | +5.5% |
| Intangible fixed assets | 21 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Tangible fixed assets | 22/27 | €195,733 | €207,820 | +€12,087 | +6.2% |
| Land and buildings | 22 | €167,831 | €189,534 | +€21,703 | +12.9% |
| Plant, machinery and equipment | 23 | €25,539 | €15,401 | -€10,138 | -39.7% |
| Furniture and vehicles | 24 | €2,363 | €2,885 | +€522 | +22.1% |
| Financial fixed assets | 28 | - | €11 | +€11 | |
| Current assets | 29/58 | €790,934 | €808,115 | +€17,181 | +2.2% |
| Amounts receivable after more than one year | 29 | €37,000 | - | -€37,000 | |
| Other amounts receivable | 291 | €37,000 | - | -€37,000 | |
| Stocks and contracts in progress | 3 | €336,814 | €373,536 | +€36,722 | +10.9% |
| Stocks | 30/36 | €336,814 | €373,536 | +€36,722 | +10.9% |
| Amounts receivable within one year | 40/41 | €251,771 | €262,537 | +€10,766 | +4.3% |
| Trade receivables | 40 | €251,771 | €262,537 | +€10,766 | +4.3% |
| Cash at bank and in hand | 54/58 | €155,250 | €165,412 | +€10,162 | +6.5% |
| Deferred charges and accrued income | 490/1 | €10,099 | €6,630 | -€3,469 | -34.4% |
| Total equity and liabilities | 10/49 | €991,667 | €1,019,946 | +€28,279 | +2.9% |
| Equity | 10/15 | €571,178 | €613,646 | +€42,469 | +7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €112,152 | €112,152 | = | 0.0% |
| Distributable reserves | 133 | €112,152 | €112,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | €440,434 | €482,903 | +€42,469 | +9.6% |
| Amounts payable | 17/49 | €420,489 | €406,299 | -€14,190 | -3.4% |
| Amounts payable after more than one year | 17 | €141,211 | €141,211 | = | 0.0% |
| Financial debts | 170/4 | €141,211 | €141,211 | = | 0.0% |
| Amounts payable within one year | 42/48 | €279,278 | €265,088 | -€14,190 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €19,877 | €15,380 | -€4,497 | -22.6% |
| Trade debts | 44 | €164,951 | €136,824 | -€28,127 | -17.1% |
| Suppliers | 440/4 | €164,951 | €136,824 | -€28,127 | -17.1% |
| Taxes, remuneration and social security | 45 | €54,450 | €62,884 | +€8,434 | +15.5% |
| Taxes | 450/3 | €36,905 | €41,018 | +€4,113 | +11.1% |
| Remuneration and social security | 454/9 | €17,545 | €21,865 | +€4,321 | +24.6% |
| Other amounts payable | 47/48 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Remuneration, social security and pensions | 62 | €79,509 | €112,086 | +€32,577 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,704 | €29,192 | -€2,512 | -7.9% |
| Other operating charges | 640/8 | €5,173 | €3,350 | -€1,824 | -35.3% |
| Gross operating margin | 9900 | €192,633 | €273,752 | +€81,118 | +42.1% |
| Operating profit (loss) | 9901 | €76,247 | €129,124 | +€52,876 | +69.3% |
| Financial income | 75/76B | €6,526 | €7,492 | +€966 | +14.8% |
| Recurring financial income | 75 | €6,526 | €7,492 | +€966 | +14.8% |
| Financial charges | 65/66B | €11,691 | €14,202 | +€2,512 | +21.5% |
| Recurring financial charges | 65 | €11,691 | €14,202 | +€2,512 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €71,082 | €122,414 | +€51,331 | +72.2% |
| Income taxes | 67/77 | €15,321 | €29,945 | +€14,623 | +95.4% |
| Profit (loss) for the period | 9904 | €55,761 | €92,469 | +€36,708 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,761 | €92,469 | +€36,708 | +65.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.