ONE: 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.
ONE
Largest movements
- Cash +€129,583
up €129,583 (+49.6%), from €261,197 to €390,780
mainly Trade debts (+€116,042) and Net result for the year (+€53,265)
- Receivables within one year -€15,653
down €15,653 (-5.3%), from €297,428 to €281,775
of which Trade receivables: -€9,142
- Deferred charges and accrued income +€12,773
up €12,773 (+282%), from €4,524 to €17,297
- Trade debts +€116,042
up €116,042 (+110%), from €105,885 to €221,927
- Profit (loss) carried forward +€53,265
up €53,265 (+40.5%), from €131,415 to €184,680
- Debts after one year -€20,000
down €20,000 (-100%), from €20,000 to €0
- Accrued charges and deferred income -€15,174
down €15,174 (-18.0%), from €84,367 to €69,193
- Tax, wage and social debts -€11,010
down €11,010 (-8.6%), from €128,073 to €117,063
of which Taxes: -€14,985
- Staff costs -€84,766
down €84,766 (-16.9%), from €501,459 to €416,693
- Gross operating margin +€74,229
up €74,229 (+18.3%), from €406,612 to €480,841
- Write-downs +€4,904
up €4,904, from -€1,450 to €3,454
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 | €563,149 | €689,852 | +€126,703 | +22.5% |
| Current assets | 29/58 | €563,149 | €689,852 | +€126,703 | +22.5% |
| Amounts receivable within one year | 40/41 | €297,428 | €281,775 | -€15,653 | -5.3% |
| Trade receivables | 40 | €286,417 | €277,275 | -€9,142 | -3.2% |
| Other amounts receivable | 41 | €11,011 | €4,500 | -€6,511 | -59.1% |
| Cash at bank and in hand | 54/58 | €261,197 | €390,780 | +€129,583 | +49.6% |
| Deferred charges and accrued income | 490/1 | €4,524 | €17,297 | +€12,773 | +282% |
| Total equity and liabilities | 10/49 | €563,149 | €689,852 | +€126,703 | +22.5% |
| Equity | 10/15 | €204,824 | €258,089 | +€53,265 | +26.0% |
| Contributions | 10/11 | €28,508 | €28,508 | = | 0.0% |
| Reserves | 13 | €44,901 | €44,901 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,050 | €42,050 | = | 0.0% |
| Distributable reserves | 133 | €2,851 | €2,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,415 | €184,680 | +€53,265 | +40.5% |
| Provisions and deferred taxes | 16 | - | €3,454 | +€3,454 | |
| Provisions for liabilities and charges | 160/5 | - | €3,454 | +€3,454 | |
| Other liabilities and charges | 164/5 | - | €3,454 | +€3,454 | |
| Amounts payable | 17/49 | €358,325 | €428,309 | +€69,984 | +19.5% |
| Amounts payable after more than one year | 17 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts payable | 178/9 | €20,000 | €0 | -€20,000 | -100% |
| Amounts payable within one year | 42/48 | €253,958 | €359,116 | +€105,158 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €105,885 | €221,927 | +€116,042 | +110% |
| Suppliers | 440/4 | €105,885 | €221,927 | +€116,042 | +110% |
| Taxes, remuneration and social security | 45 | €128,073 | €117,063 | -€11,010 | -8.6% |
| Taxes | 450/3 | €70,455 | €55,470 | -€14,985 | -21.3% |
| Remuneration and social security | 454/9 | €57,618 | €61,593 | +€3,975 | +6.9% |
| Other amounts payable | 47/48 | - | €126 | +€126 | |
| Accrued charges and deferred income | 492/3 | €84,367 | €69,193 | -€15,174 | -18.0% |
| Remuneration, social security and pensions | 62 | €501,459 | €416,693 | -€84,766 | -16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,450 | €3,454 | +€4,904 | |
| Other operating charges | 640/8 | €387 | €479 | +€92 | +23.8% |
| Gross operating margin | 9900 | €406,612 | €480,841 | +€74,229 | +18.3% |
| Operating profit (loss) | 9901 | -€93,784 | €60,215 | +€153,999 | |
| Financial income | 75/76B | €826 | €465 | -€361 | -43.7% |
| Recurring financial income | 75 | €653 | €465 | -€188 | -28.8% |
| Non-recurring financial income | 76B | €173 | - | -€173 | |
| Financial charges | 65/66B | €5,818 | €5,781 | -€37 | -0.6% |
| Recurring financial charges | 65 | €5,818 | €5,781 | -€37 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€98,776 | €54,899 | +€153,675 | |
| Income taxes | 67/77 | €196 | €1,634 | +€1,438 | +734% |
| Profit (loss) for the period | 9904 | -€98,972 | €53,265 | +€152,237 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,972 | €53,265 | +€152,237 |
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 16 October 2026 via checked.be.