One Eleven: 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 Eleven
Largest movements
- Tangible fixed assets -€20,610
down €20,610 (-17.4%), from €118,406 to €97,795
of which Other tangible fixed assets: -€16,996
- Cash +€10,553
up €10,553 (+270.3%), from €3,904 to €14,457
mainly Depreciation (+€24,335) and Net result for the year (+€13,170)
- Receivables within one year +€2,315
up €2,315 (+220.1%), from €1,052 to €3,367
of which Trade receivables: +€2,409
- Debts after one year -€35,000
down €35,000 (-30.4%), from €115,000 to €80,000
- Profit (loss) carried forward +€13,170
up €13,170, from -€12,343 to €827
- Trade debts +€7,046
up €7,046 (+173.3%), from €4,067 to €11,113
- Other debts +€4,575
up €4,575 (+1647.4%), from €278 to €4,853
- Accrued charges and deferred income +€1,535
up €1,535 (+1118.1%), from €137 to €1,673
- Gross operating margin +€39,592
up €39,592 (+25639.0%), from €154 to €39,746
- Depreciation +€13,205
up €13,205 (+118.7%), from €11,129 to €24,335
- Other operating charges +€648
up €648 (+71.6%), from €905 to €1,553
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 | €134,513 | €125,349 | -€9,163 | -6.8% |
| Formation expenses | 20 | €1,689 | €879 | -€810 | -47.9% |
| Fixed assets | 21/28 | €126,957 | €105,632 | -€21,325 | -16.8% |
| Intangible fixed assets | 21 | €4,307 | €3,593 | -€714 | -16.6% |
| Tangible fixed assets | 22/27 | €118,406 | €97,795 | -€20,610 | -17.4% |
| Plant, machinery and equipment | 23 | €3,187 | €3,173 | -€14 | -0.4% |
| Furniture and vehicles | 24 | €13,697 | €10,096 | -€3,601 | -26.3% |
| Other tangible fixed assets | 26 | €101,522 | €84,527 | -€16,996 | -16.7% |
| Financial fixed assets | 28 | €4,244 | €4,244 | = | 0.0% |
| Current assets | 29/58 | €5,867 | €18,837 | +€12,971 | +221.1% |
| Stocks and contracts in progress | 3 | €800 | €400 | -€400 | -50.0% |
| Stocks | 30/36 | €800 | €400 | -€400 | -50.0% |
| Amounts receivable within one year | 40/41 | €1,052 | €3,367 | +€2,315 | +220.1% |
| Trade receivables | 40 | €853 | €3,262 | +€2,409 | +282.5% |
| Other amounts receivable | 41 | €199 | €105 | -€94 | -47.1% |
| Cash at bank and in hand | 54/58 | €3,904 | €14,457 | +€10,553 | +270.3% |
| Deferred charges and accrued income | 490/1 | €111 | €614 | +€503 | +452.5% |
| Total equity and liabilities | 10/49 | €134,513 | €125,349 | -€9,163 | -6.8% |
| Equity | 10/15 | €12,657 | €25,827 | +€13,170 | +104.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,343 | €827 | +€13,170 | |
| Amounts payable | 17/49 | €121,856 | €99,523 | -€22,333 | -18.3% |
| Amounts payable after more than one year | 17 | €115,000 | €80,000 | -€35,000 | -30.4% |
| Financial debts | 170/4 | €115,000 | €80,000 | -€35,000 | -30.4% |
| Amounts payable within one year | 42/48 | €6,718 | €17,850 | +€11,132 | +165.7% |
| Trade debts | 44 | €4,067 | €11,113 | +€7,046 | +173.3% |
| Suppliers | 440/4 | €4,067 | €11,113 | +€7,046 | +173.3% |
| Taxes, remuneration and social security | 45 | €2,374 | €1,884 | -€490 | -20.6% |
| Taxes | 450/3 | €2,374 | €1,884 | -€490 | -20.6% |
| Other amounts payable | 47/48 | €278 | €4,853 | +€4,575 | +1647.4% |
| Accrued charges and deferred income | 492/3 | €137 | €1,673 | +€1,535 | +1118.1% |
| Remuneration, social security and pensions | 62 | - | €14 | +€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,129 | €24,335 | +€13,205 | +118.7% |
| Other operating charges | 640/8 | €905 | €1,553 | +€648 | +71.6% |
| Gross operating margin | 9900 | €154 | €39,746 | +€39,592 | +25639.0% |
| Operating profit (loss) | 9901 | -€11,879 | €13,845 | +€25,724 | |
| Financial income | 75/76B | €37 | €7 | -€30 | -80.8% |
| Recurring financial income | 75 | €37 | €7 | -€30 | -80.8% |
| Financial charges | 65/66B | €500 | €682 | +€182 | +36.4% |
| Recurring financial charges | 65 | €500 | €682 | +€182 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,343 | €13,170 | +€25,513 | |
| Profit (loss) for the period | 9904 | -€12,343 | €13,170 | +€25,513 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,343 | €13,170 | +€25,513 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.