FX 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.
FX ONE
Largest movements
- Tangible fixed assets -€28,682
down €28,682 (-3.9%), from €736,672 to €707,990
of which Land and buildings: -€28,429
- Cash -€18,522
down €18,522 (-62.4%), from €29,700 to €11,178
mainly Investment in fixed assets (net) (-€33,133) and Other debts (-€28,861)
- Intangible fixed assets -€14,905
down €14,905 (-50.0%), from €29,811 to €14,905
- Receivables within one year -€10,822
down €10,822 (-12.5%), from €86,528 to €75,706
of which Trade receivables: -€11,000
- Other debts -€28,861
down €28,861 (-2.2%), from €1.3m to €1.3m
- Debts after one year -€19,327
no longer reported in 2025 (was €19,327)
- Profit (loss) carried forward -€10,366
down €10,366 (-1.9%), from -€547,193 to -€557,559
- Current portion of long-term debt -€9,708
down €9,708 (-33.4%), from €29,034 to €19,327
- Gross operating margin +€28,134
up €28,134 (+58.4%), from €48,155 to €76,289
- Depreciation +€10,995
up €10,995 (+16.6%), from €66,412 to €77,407
- Financial income -€4,778
no longer reported in 2025 (was €4,778)
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 | €889,961 | €815,215 | -€74,746 | -8.4% |
| Formation expenses | 20 | €2,615 | €1,929 | -€686 | -26.2% |
| Fixed assets | 21/28 | €767,649 | €724,062 | -€43,588 | -5.7% |
| Intangible fixed assets | 21 | €29,811 | €14,905 | -€14,905 | -50.0% |
| Tangible fixed assets | 22/27 | €736,672 | €707,990 | -€28,682 | -3.9% |
| Land and buildings | 22 | €559,625 | €531,195 | -€28,429 | -5.1% |
| Plant, machinery and equipment | 23 | €114,524 | €130,854 | +€16,330 | +14.3% |
| Furniture and vehicles | 24 | €61,874 | €45,290 | -€16,583 | -26.8% |
| Other tangible fixed assets | 26 | €650 | €650 | = | 0.0% |
| Financial fixed assets | 28 | €1,166 | €1,166 | = | 0.0% |
| Current assets | 29/58 | €119,697 | €89,224 | -€30,473 | -25.5% |
| Amounts receivable within one year | 40/41 | €86,528 | €75,706 | -€10,822 | -12.5% |
| Trade receivables | 40 | €86,500 | €75,500 | -€11,000 | -12.7% |
| Other amounts receivable | 41 | €28 | €206 | +€178 | +640.5% |
| Cash at bank and in hand | 54/58 | €29,700 | €11,178 | -€18,522 | -62.4% |
| Deferred charges and accrued income | 490/1 | €3,469 | €2,340 | -€1,129 | -32.5% |
| Total equity and liabilities | 10/49 | €889,961 | €815,215 | -€74,746 | -8.4% |
| Equity | 10/15 | -€483,543 | -€493,909 | -€10,366 | -2.1% |
| 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% |
| Reserves | 13 | €2,150 | €2,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,150 | €2,150 | = | 0.0% |
| Legal reserve | 130 | €2,150 | €2,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€547,193 | -€557,559 | -€10,366 | -1.9% |
| Amounts payable | 17/49 | €1,373,504 | €1,309,124 | -€64,380 | -4.7% |
| Amounts payable after more than one year | 17 | €19,327 | - | -€19,327 | |
| Financial debts | 170/4 | €19,327 | - | -€19,327 | |
| Amounts payable within one year | 42/48 | €1,352,678 | €1,305,794 | -€46,884 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €29,034 | €19,327 | -€9,708 | -33.4% |
| Trade debts | 44 | €9,117 | €909 | -€8,208 | -90.0% |
| Suppliers | 440/4 | €9,117 | €909 | -€8,208 | -90.0% |
| Taxes, remuneration and social security | 45 | €802 | €695 | -€107 | -13.4% |
| Taxes | 450/3 | €802 | €695 | -€107 | -13.4% |
| Other amounts payable | 47/48 | €1,313,724 | €1,284,864 | -€28,861 | -2.2% |
| Accrued charges and deferred income | 492/3 | €1,500 | €3,330 | +€1,830 | +122.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,412 | €77,407 | +€10,995 | +16.6% |
| Other operating charges | 640/8 | €6,249 | €6,899 | +€650 | +10.4% |
| Gross operating margin | 9900 | €48,155 | €76,289 | +€28,134 | +58.4% |
| Operating profit (loss) | 9901 | -€24,506 | -€8,017 | +€16,489 | +67.3% |
| Financial income | 75/76B | €4,778 | - | -€4,778 | |
| Recurring financial income | 75 | €4,778 | - | -€4,778 | |
| Financial charges | 65/66B | €2,654 | €1,914 | -€740 | -27.9% |
| Recurring financial charges | 65 | €2,654 | €1,914 | -€740 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,382 | -€9,930 | +€12,452 | +55.6% |
| Income taxes | 67/77 | €260 | €435 | +€176 | +67.7% |
| Profit (loss) for the period | 9904 | -€22,642 | -€10,366 | +€12,276 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,642 | -€10,366 | +€12,276 | +54.2% |
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 30 September 2026 via checked.be.