Workways Belgium: 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.
Workways Belgium
Largest movements
- Tangible fixed assets +€718,354
up €718,354 (+18.6%), from €3.9m to €4.6m
of which Other tangible fixed assets: +€768,723
- Receivables within one year +€461,679
up €461,679 (+390%), from €118,236 to €579,915
of which Trade receivables: +€480,480
- Debts after one year +€753,490
up €753,490 (+18.3%), from €4.1m to €4.9m
- Accrued charges and deferred income +€632,839
up €632,839 (+300%), from €210,836 to €843,675
- Profit (loss) carried forward -€334,973
down €334,973 (-54.5%), from -€615,125 to -€950,098
- Trade debts +€113,686
up €113,686 (+75.2%), from €151,102 to €264,788
- Financial income -€176,660
down €176,660 (-100.0%), from €176,732 to €72
- Depreciation +€113,972
up €113,972 (+101%), from €113,094 to €227,066
- Gross operating margin -€55,472
down €55,472 (-75.8%), from €73,174 to €17,702
- Financial charges +€19,291
up €19,291 (+42.8%), from €45,073 to €64,364
- Staff costs +€17,712
up €17,712 (+50.7%), from €34,946 to €52,658
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,032,344 | €5,236,148 | +€1.2m | +29.9% |
| Fixed assets | 21/28 | €3,880,599 | €4,598,953 | +€718,354 | +18.5% |
| Tangible fixed assets | 22/27 | €3,865,599 | €4,583,953 | +€718,354 | +18.6% |
| Plant, machinery and equipment | 23 | €151,828 | €131,527 | -€20,301 | -13.4% |
| Furniture and vehicles | 24 | €201,259 | €171,191 | -€30,068 | -14.9% |
| Other tangible fixed assets | 26 | €3,512,512 | €4,281,235 | +€768,723 | +21.9% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €151,745 | €637,195 | +€485,450 | +320% |
| Amounts receivable after more than one year | 29 | €9,000 | €9,000 | = | 0.0% |
| Trade receivables | 290 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €118,236 | €579,915 | +€461,679 | +390% |
| Trade receivables | 40 | €99,435 | €579,915 | +€480,480 | +483% |
| Other amounts receivable | 41 | €18,801 | - | -€18,801 | |
| Cash at bank and in hand | 54/58 | €2,941 | €26,712 | +€23,771 | +808% |
| Deferred charges and accrued income | 490/1 | €21,568 | €21,568 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,032,344 | €5,236,148 | +€1.2m | +29.9% |
| Equity | 10/15 | -€553,625 | -€888,598 | -€334,973 | -60.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€615,125 | -€950,098 | -€334,973 | -54.5% |
| Amounts payable | 17/49 | €4,585,969 | €6,124,746 | +€1.5m | +33.6% |
| Amounts payable after more than one year | 17 | €4,128,139 | €4,881,629 | +€753,490 | +18.3% |
| Other amounts payable | 178/9 | €4,128,139 | €4,881,629 | +€753,490 | +18.3% |
| Amounts payable within one year | 42/48 | €246,994 | €399,442 | +€152,448 | +61.7% |
| Trade debts | 44 | €151,102 | €264,788 | +€113,686 | +75.2% |
| Suppliers | 440/4 | €151,102 | €264,788 | +€113,686 | +75.2% |
| Taxes, remuneration and social security | 45 | €4,423 | €43,185 | +€38,762 | +876% |
| Taxes | 450/3 | €128 | €43,185 | +€43,057 | +33,638% |
| Remuneration and social security | 454/9 | €4,295 | - | -€4,295 | |
| Other amounts payable | 47/48 | €91,469 | €91,469 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €210,836 | €843,675 | +€632,839 | +300% |
| Remuneration, social security and pensions | 62 | €34,946 | €52,658 | +€17,712 | +50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,094 | €227,066 | +€113,972 | +101% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,570 | +€4,570 | |
| Other operating charges | 640/8 | €6,766 | €3,923 | -€2,843 | -42.0% |
| Gross operating margin | 9900 | €73,174 | €17,702 | -€55,472 | -75.8% |
| Operating profit (loss) | 9901 | -€81,632 | -€270,515 | -€188,883 | -231% |
| Financial income | 75/76B | €176,732 | €72 | -€176,660 | -100.0% |
| Recurring financial income | 75 | €176,732 | €72 | -€176,660 | -100.0% |
| Financial charges | 65/66B | €45,073 | €64,364 | +€19,291 | +42.8% |
| Recurring financial charges | 65 | €45,073 | €64,364 | +€19,291 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €50,027 | -€334,807 | -€384,834 | |
| Income taxes | 67/77 | €128 | €166 | +€38 | +29.7% |
| Profit (loss) for the period | 9904 | €49,899 | -€334,973 | -€384,872 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,899 | -€334,973 | -€384,872 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.