WORKWAY: 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.
WORKWAY
Largest movements
- Receivables within one year -€38,004
down €38,004 (-71.1%), from €53,429 to €15,425
of which Trade receivables: -€29,162
- Tangible fixed assets -€3,959
down €3,959 (-70.1%), from €5,649 to €1,690
of which Furniture and vehicles: -€3,064
- Cash -€2,039
down €2,039 (-80.3%), from €2,539 to €499
mainly Trade debts (-€19,722) and Other debts (-€18,529)
- Trade debts -€19,722
down €19,722 (-94.1%), from €20,966 to €1,244
- Other debts -€18,529
down €18,529 (-63.6%), from €29,129 to €10,600
- Tax, wage and social debts -€5,518
down €5,518 (-57.9%), from €9,522 to €4,005
- Gross operating margin +€28,448
up €28,448, from -€17,489 to €10,959
- Depreciation -€2,684
down €2,684 (-40.4%), from €6,643 to €3,959
- Taxes +€1,023
up €1,023 (+692.7%), from €148 to €1,170
- Financial charges -€1,022
down €1,022 (-72.5%), from €1,409 to €387
- Financial income -€709
down €709 (-99.7%), from €711 to €2
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 | €61,617 | €18,035 | -€43,582 | -70.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €5,649 | €1,690 | -€3,959 | -70.1% |
| Tangible fixed assets | 22/27 | €5,649 | €1,690 | -€3,959 | -70.1% |
| Plant, machinery and equipment | 23 | €1,122 | €227 | -€895 | -79.8% |
| Furniture and vehicles | 24 | €4,527 | €1,463 | -€3,064 | -67.7% |
| Current assets | 29/58 | €55,968 | €16,346 | -€39,623 | -70.8% |
| Amounts receivable within one year | 40/41 | €53,429 | €15,425 | -€38,004 | -71.1% |
| Trade receivables | 40 | €29,162 | - | -€29,162 | |
| Other amounts receivable | 41 | €24,267 | €15,425 | -€8,842 | -36.4% |
| Cash at bank and in hand | 54/58 | €2,539 | €499 | -€2,039 | -80.3% |
| Deferred charges and accrued income | 490/1 | - | €421 | +€421 | |
| Total equity and liabilities | 10/49 | €61,617 | €18,035 | -€43,582 | -70.7% |
| Equity | 10/15 | €2,000 | €2,187 | +€187 | +9.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €187 | +€187 | |
| Amounts payable | 17/49 | €59,617 | €15,849 | -€43,769 | -73.4% |
| Amounts payable within one year | 42/48 | €59,617 | €15,849 | -€43,769 | -73.4% |
| Trade debts | 44 | €20,966 | €1,244 | -€19,722 | -94.1% |
| Suppliers | 440/4 | €20,966 | €1,244 | -€19,722 | -94.1% |
| Taxes, remuneration and social security | 45 | €9,522 | €4,005 | -€5,518 | -57.9% |
| Taxes | 450/3 | €9,522 | €4,005 | -€5,518 | -57.9% |
| Other amounts payable | 47/48 | €29,129 | €10,600 | -€18,529 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,643 | €3,959 | -€2,684 | -40.4% |
| Other operating charges | 640/8 | €393 | €258 | -€135 | -34.4% |
| Gross operating margin | 9900 | -€17,489 | €10,959 | +€28,448 | |
| Operating profit (loss) | 9901 | -€24,525 | €6,742 | +€31,267 | |
| Financial income | 75/76B | €711 | €2 | -€709 | -99.7% |
| Recurring financial income | 75 | €711 | €2 | -€709 | -99.7% |
| Financial charges | 65/66B | €1,409 | €387 | -€1,022 | -72.5% |
| Recurring financial charges | 65 | €1,409 | €387 | -€1,022 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,223 | €6,357 | +€31,580 | |
| Income taxes | 67/77 | €148 | €1,170 | +€1,023 | +692.7% |
| Profit (loss) for the period | 9904 | -€25,371 | €5,187 | +€30,557 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,371 | €5,187 | +€30,557 |
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 11 October 2026 via checked.be.