AS One: 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.
AS One
Largest movements
- Tangible fixed assets -€33,379
down €33,379 (-3.4%), from €973,312 to €939,933
of which Land and buildings: -€32,889
- Profit (loss) carried forward -€64,791
down €64,791 (-18.2%), from -€355,447 to -€420,239
- Debts after one year +€26,860
up €26,860 (+2.1%), from €1.3m to €1.3m
- Gross operating margin -€38,068
down €38,068 (-75.3%), from €50,555 to €12,487
- Financial charges -€1,938
down €1,938 (-5.4%), from €36,008 to €34,070
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 | €978,635 | €945,447 | -€33,188 | -3.4% |
| Fixed assets | 21/28 | €973,312 | €939,933 | -€33,379 | -3.4% |
| Tangible fixed assets | 22/27 | €973,312 | €939,933 | -€33,379 | -3.4% |
| Land and buildings | 22 | €972,770 | €939,881 | -€32,889 | -3.4% |
| Plant, machinery and equipment | 23 | €542 | €52 | -€489 | -90.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €5,324 | €5,514 | +€191 | +3.6% |
| Amounts receivable within one year | 40/41 | €1,350 | - | -€1,350 | |
| Trade receivables | 40 | €1,350 | - | -€1,350 | |
| Cash at bank and in hand | 54/58 | €3,974 | €5,514 | +€1,541 | +38.8% |
| Total equity and liabilities | 10/49 | €978,635 | €945,447 | -€33,188 | -3.4% |
| Equity | 10/15 | -€349,247 | -€414,039 | -€64,791 | -18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€355,447 | -€420,239 | -€64,791 | -18.2% |
| Amounts payable | 17/49 | €1,327,883 | €1,359,486 | +€31,603 | +2.4% |
| Amounts payable after more than one year | 17 | €1,290,917 | €1,317,778 | +€26,860 | +2.1% |
| Financial debts | 170/4 | €1,290,917 | €1,317,778 | +€26,860 | +2.1% |
| Amounts payable within one year | 42/48 | €36,679 | €40,264 | +€3,585 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €33,197 | €33,921 | +€724 | +2.2% |
| Trade debts | 44 | €3,482 | €6,344 | +€2,861 | +82.2% |
| Suppliers | 440/4 | €3,482 | €6,344 | +€2,861 | +82.2% |
| Accrued charges and deferred income | 492/3 | €286 | €1,444 | +€1,157 | +404.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,379 | €33,379 | = | 0.0% |
| Other operating charges | 640/8 | €9,459 | €9,830 | +€371 | +3.9% |
| Gross operating margin | 9900 | €50,555 | €12,487 | -€38,068 | -75.3% |
| Operating profit (loss) | 9901 | €7,717 | -€30,722 | -€38,439 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €36,008 | €34,070 | -€1,938 | -5.4% |
| Recurring financial charges | 65 | €36,008 | €34,070 | -€1,938 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,291 | -€64,791 | -€36,501 | -129.0% |
| Profit (loss) for the period | 9904 | -€28,291 | -€64,791 | -€36,501 | -129.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,291 | -€64,791 | -€36,501 | -129.0% |
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.