ONE 2 TREE: 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.
ONE 2 TREE
Largest movements
- Tangible fixed assets -€21,409
down €21,409 (-36.8%), from €58,184 to €36,774
of which Plant, machinery and equipment: -€14,781
- Cash -€2,331
down €2,331 (-38.9%), from €5,990 to €3,659
mainly Debts after one year (-€17,047) and Current portion of long-term debt (-€6,082)
- Debts after one year -€17,047
down €17,047 (-56.8%), from €30,002 to €12,955
- Current portion of long-term debt -€6,082
down €6,082 (-26.3%), from €23,129 to €17,047
- Trade debts -€3,351
down €3,351 (-47.7%), from €7,019 to €3,669
- Profit (loss) carried forward +€2,796
up €2,796 (+6.6%), from €42,444 to €45,240
- Gross operating margin -€3,213
down €3,213 (-11.1%), from €28,872 to €25,659
- Depreciation +€997
up €997 (+5.0%), from €20,008 to €21,005
- Taxes +€972
new in 2025: €972
- Other operating charges -€703
down €703 (-42.9%), from €1,638 to €935
- Financial income -€457
down €457 (-20.3%), from €2,250 to €1,793
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 | €107,609 | €83,734 | -€23,874 | -22.2% |
| Fixed assets | 21/28 | €58,184 | €36,774 | -€21,409 | -36.8% |
| Tangible fixed assets | 22/27 | €58,184 | €36,774 | -€21,409 | -36.8% |
| Plant, machinery and equipment | 23 | €39,226 | €24,446 | -€14,781 | -37.7% |
| Furniture and vehicles | 24 | €18,957 | €12,329 | -€6,629 | -35.0% |
| Current assets | 29/58 | €49,425 | €46,960 | -€2,465 | -5.0% |
| Amounts receivable within one year | 40/41 | €42,894 | €43,056 | +€163 | +0.4% |
| Trade receivables | 40 | €4,142 | €5,890 | +€1,748 | +42.2% |
| Other amounts receivable | 41 | €38,751 | €37,166 | -€1,585 | -4.1% |
| Cash at bank and in hand | 54/58 | €5,990 | €3,659 | -€2,331 | -38.9% |
| Deferred charges and accrued income | 490/1 | €541 | €245 | -€297 | -54.8% |
| Total equity and liabilities | 10/49 | €107,609 | €83,734 | -€23,874 | -22.2% |
| Equity | 10/15 | €44,444 | €47,240 | +€2,796 | +6.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,444 | €45,240 | +€2,796 | +6.6% |
| Amounts payable | 17/49 | €63,165 | €36,495 | -€26,670 | -42.2% |
| Amounts payable after more than one year | 17 | €30,002 | €12,955 | -€17,047 | -56.8% |
| Financial debts | 170/4 | €30,002 | €12,955 | -€17,047 | -56.8% |
| Amounts payable within one year | 42/48 | €32,604 | €23,446 | -€9,158 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €23,129 | €17,047 | -€6,082 | -26.3% |
| Trade debts | 44 | €7,019 | €3,669 | -€3,351 | -47.7% |
| Suppliers | 440/4 | €7,019 | €3,669 | -€3,351 | -47.7% |
| Taxes, remuneration and social security | 45 | €2,456 | €2,730 | +€274 | +11.2% |
| Taxes | 450/3 | €2,456 | €2,730 | +€274 | +11.2% |
| Accrued charges and deferred income | 492/3 | €558 | €94 | -€465 | -83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,008 | €21,005 | +€997 | +5.0% |
| Other operating charges | 640/8 | €1,638 | €935 | -€703 | -42.9% |
| Gross operating margin | 9900 | €28,872 | €25,659 | -€3,213 | -11.1% |
| Operating profit (loss) | 9901 | €7,226 | €3,719 | -€3,507 | -48.5% |
| Financial income | 75/76B | €2,250 | €1,793 | -€457 | -20.3% |
| Recurring financial income | 75 | €2,250 | €1,793 | -€457 | -20.3% |
| Financial charges | 65/66B | €2,163 | €1,744 | -€419 | -19.4% |
| Recurring financial charges | 65 | €2,163 | €1,744 | -€419 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €7,313 | €3,768 | -€3,545 | -48.5% |
| Income taxes | 67/77 | - | €972 | +€972 | |
| Profit (loss) for the period | 9904 | €7,313 | €2,796 | -€4,517 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,313 | €2,796 | -€4,517 | -61.8% |
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 7 October 2026 via checked.be.