ONE 2 ONE LEASE: 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 2 ONE LEASE
Largest movements
- Receivables after one year +€11.8m
up €11.8m (+233%), from €5.1m to €16.9m
- Receivables within one year +€1.4m
up €1.4m (+90.0%), from €1.6m to €3.0m
of which Trade receivables: +€1.9m
- Cash -€1.1m
down €1.1m (-75.3%), from €1.4m to €349,506
mainly Receivables after one year (-€11.8m) and Receivables within one year (-€1.4m)
- Stocks and contracts -€639,931
down €639,931 (-56.0%), from €1.1m to €502,704
- Deferred charges and accrued income +€339,666
up €339,666 (+969,921%), from €35 to €339,701
- Debts after one year +€11.7m
up €11.7m (+253%), from €4.6m to €16.3m
of which Financial debts: +€10.8m
- Current portion of long-term debt +€1.8m
up €1.8m (+164%), from €1.1m to €2.9m
- Short-term financial debts -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Trade debts -€1.1m
down €1.1m (-92.8%), from €1.1m to €81,721
- Reserves +€379,913
up €379,913 (+551%), from €68,994 to €448,908
of which Tax-exempt reserves: +€210,500
- Gross operating margin +€826,311
up €826,311 (+342%), from €241,451 to €1.1m
- Financial charges +€406,391
up €406,391 (+356%), from €114,021 to €520,412
- Taxes +€102,159
up €102,159 (+326%), from €31,331 to €133,491
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 | €9,179,365 | €21,026,059 | +€11.8m | +129% |
| Formation expenses | 20 | €2,148 | €1,632 | -€516 | -24.0% |
| Fixed assets | 21/28 | - | €3,086 | +€3,086 | |
| Intangible fixed assets | 21 | - | €1,413 | +€1,413 | |
| Tangible fixed assets | 22/27 | - | €1,673 | +€1,673 | |
| Furniture and vehicles | 24 | - | €1,673 | +€1,673 | |
| Current assets | 29/58 | €9,177,217 | €21,021,342 | +€11.8m | +129% |
| Amounts receivable after more than one year | 29 | €5,068,589 | €16,879,410 | +€11.8m | +233% |
| Trade receivables | 290 | €5,068,589 | €16,879,410 | +€11.8m | +233% |
| Stocks and contracts in progress | 3 | €1,142,635 | €502,704 | -€639,931 | -56.0% |
| Stocks | 30/36 | €1,142,635 | €502,704 | -€639,931 | -56.0% |
| Amounts receivable within one year | 40/41 | €1,552,520 | €2,950,021 | +€1.4m | +90.0% |
| Trade receivables | 40 | €1,047,301 | €2,949,756 | +€1.9m | +182% |
| Other amounts receivable | 41 | €505,220 | €265 | -€504,955 | -99.9% |
| Cash at bank and in hand | 54/58 | €1,413,438 | €349,506 | -€1.1m | -75.3% |
| Deferred charges and accrued income | 490/1 | €35 | €339,701 | +€339,666 | +969,921% |
| Total equity and liabilities | 10/49 | €9,179,365 | €21,026,059 | +€11.8m | +129% |
| Equity | 10/15 | €831,494 | €1,211,408 | +€379,913 | +45.7% |
| Contributions | 10/11 | €762,500 | €762,500 | = | 0.0% |
| Reserves | 13 | €68,994 | €448,908 | +€379,913 | +551% |
| Tax-exempt reserves | 132 | - | €210,500 | +€210,500 | |
| Distributable reserves | 133 | €68,994 | €238,408 | +€169,413 | +246% |
| Profit (loss) carried forward | 14 | €0 | €0 | +€0 | |
| Amounts payable | 17/49 | €8,347,870 | €19,814,652 | +€11.5m | +137% |
| Amounts payable after more than one year | 17 | €4,616,667 | €16,317,430 | +€11.7m | +253% |
| Financial debts | 170/4 | €4,616,667 | €15,412,281 | +€10.8m | +234% |
| Other amounts payable | 178/9 | - | €905,149 | +€905,149 | |
| Amounts payable within one year | 42/48 | €3,731,204 | €3,497,222 | -€233,982 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €1,082,399 | €2,862,281 | +€1.8m | +164% |
| Financial debts | 43 | €1,147,140 | €0 | -€1.1m | -100% |
| Credit institutions | 430/8 | €1,147,140 | €0 | -€1.1m | -100% |
| Trade debts | 44 | €1,134,442 | €81,721 | -€1.1m | -92.8% |
| Suppliers | 440/4 | €1,134,442 | €81,721 | -€1.1m | -92.8% |
| Taxes, remuneration and social security | 45 | €31,331 | €282,241 | +€250,909 | +801% |
| Taxes | 450/3 | €31,331 | €282,241 | +€250,909 | +801% |
| Other amounts payable | 47/48 | €335,892 | €270,979 | -€64,913 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433 | €830 | +€397 | +91.9% |
| Other operating charges | 640/8 | €1,696 | €3,116 | +€1,419 | +83.7% |
| Gross operating margin | 9900 | €241,451 | €1,067,762 | +€826,311 | +342% |
| Operating profit (loss) | 9901 | €239,322 | €1,063,816 | +€824,494 | +345% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100% |
| Financial charges | 65/66B | €114,021 | €520,412 | +€406,391 | +356% |
| Recurring financial charges | 65 | €114,021 | €520,412 | +€406,391 | +356% |
| Profit (loss) for the period before taxes | 9903 | €125,326 | €543,404 | +€418,078 | +334% |
| Income taxes | 67/77 | €31,331 | €133,491 | +€102,159 | +326% |
| Profit (loss) for the period | 9904 | €93,994 | €409,913 | +€315,919 | +336% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,994 | €199,413 | +€105,419 | +112% |
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 1 November 2026 via checked.be.