WRK: 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.
WRK
Largest movements
- Cash -€198,189
down €198,189 (-76.4%), from €259,420 to €61,231
mainly Contributions, distributions and other (-€227,539) and Current investments (-€107,000)
- Current investments +€107,000
new in 2025: €107,000
- Receivables within one year +€18,483
up €18,483 (+277%), from €6,665 to €25,148
of which Trade receivables: +€10,134
- Tangible fixed assets -€5,351
down €5,351 (-33.4%), from €16,030 to €10,679
of which Furniture and vehicles: -€4,443
- Reserves -€243,152
down €243,152 (-100%), from €243,152 to €0
- Other debts +€192,835
up €192,835 (+12,358%), from €1,560 to €194,395
- Tax, wage and social debts -€23,566
down €23,566 (-80.3%), from €29,362 to €5,795
- Trade debts -€4,028
down €4,028 (-81.5%), from €4,941 to €913
- Gross operating margin -€200,051
down €200,051, from €190,733 to -€9,318
- Taxes -€43,627
down €43,627 (-99.7%), from €43,768 to €141
- Depreciation +€3,168
up €3,168 (+145%), from €2,183 to €5,351
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.
Derived cash bridge
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 | €282,114 | €204,157 | -€77,957 | -27.6% |
| Fixed assets | 21/28 | €16,030 | €10,779 | -€5,251 | -32.8% |
| Tangible fixed assets | 22/27 | €16,030 | €10,679 | -€5,351 | -33.4% |
| Furniture and vehicles | 24 | €9,447 | €5,004 | -€4,443 | -47.0% |
| Other tangible fixed assets | 26 | €6,583 | €5,675 | -€908 | -13.8% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €266,084 | €193,379 | -€72,706 | -27.3% |
| Amounts receivable within one year | 40/41 | €6,665 | €25,148 | +€18,483 | +277% |
| Trade receivables | 40 | - | €10,134 | +€10,134 | |
| Other amounts receivable | 41 | €6,665 | €15,014 | +€8,350 | +125% |
| Current investments | 50/53 | - | €107,000 | +€107,000 | |
| Cash at bank and in hand | 54/58 | €259,420 | €61,231 | -€198,189 | -76.4% |
| Total equity and liabilities | 10/49 | €282,114 | €204,157 | -€77,957 | -27.6% |
| Equity | 10/15 | €246,152 | €3,000 | -€243,152 | -98.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €243,152 | €0 | -€243,152 | -100% |
| Distributable reserves | 133 | €243,152 | €0 | -€243,152 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €35,962 | €201,157 | +€165,195 | +459% |
| Amounts payable within one year | 42/48 | €35,949 | €201,157 | +€165,208 | +460% |
| Financial debts | 43 | €86 | €54 | -€32 | -37.3% |
| Credit institutions | 430/8 | €86 | €54 | -€32 | -37.3% |
| Trade debts | 44 | €4,941 | €913 | -€4,028 | -81.5% |
| Suppliers | 440/4 | €4,941 | €913 | -€4,028 | -81.5% |
| Taxes, remuneration and social security | 45 | €29,362 | €5,795 | -€23,566 | -80.3% |
| Taxes | 450/3 | €29,362 | €5,795 | -€23,566 | -80.3% |
| Other amounts payable | 47/48 | €1,560 | €194,395 | +€192,835 | +12,358% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,183 | €5,351 | +€3,168 | +145% |
| Other operating charges | 640/8 | €528 | €610 | +€82 | +15.5% |
| Gross operating margin | 9900 | €190,733 | -€9,318 | -€200,051 | |
| Operating profit (loss) | 9901 | €188,023 | -€15,278 | -€203,301 | |
| Financial income | 75/76B | €4 | €6 | +€2 | +62.4% |
| Recurring financial income | 75 | €4 | €6 | +€2 | +62.4% |
| Financial charges | 65/66B | €317 | €199 | -€118 | -37.2% |
| Recurring financial charges | 65 | €317 | €199 | -€118 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €187,709 | -€15,472 | -€203,181 | |
| Income taxes | 67/77 | €43,768 | €141 | -€43,627 | -99.7% |
| Profit (loss) for the period | 9904 | €143,941 | -€15,613 | -€159,554 | |
| Profit (loss) for the period to be appropriated | 9905 | €143,941 | -€15,613 | -€159,554 |
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 19 October 2026 via checked.be.