ONE ELEVEN: 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 ELEVEN
Largest movements
- Cash -€4,990
down €4,990 (-92.5%), from €5,392 to €402
mainly Net result for the year (-€5,690) and Current portion of long-term debt (-€2,000)
- Receivables within one year -€581
down €581 (-8.2%), from €7,099 to €6,518
of which Trade receivables: -€581
- Tangible fixed assets -€423
down €423 (-98.9%), from €428 to €5
- Profit (loss) carried forward -€5,690
down €5,690 (-27.2%), from -€20,929 to -€26,619
- Current portion of long-term debt -€2,000
no longer reported in 2025 (was €2,000)
- Other debts +€1,287
up €1,287 (+26.0%), from €4,945 to €6,232
- Tax, wage and social debts +€230
up €230 (+4.2%), from €5,436 to €5,666
of which Taxes: +€211
- Trade debts +€179
up €179 (+11.4%), from €1,573 to €1,751
- Gross operating margin -€4,540
down €4,540, from €1,162 to -€3,378
- Taxes -€836
down €836 (-55.8%), from €1,499 to €663
- Financial charges +€83
up €83 (+17.5%), from €475 to €558
- Other operating charges +€76
up €76 (+12.8%), from €592 to €668
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 | €12,956 | €6,963 | -€5,994 | -46.3% |
| Fixed assets | 21/28 | €465 | €42 | -€423 | -90.9% |
| Tangible fixed assets | 22/27 | €428 | €5 | -€423 | -98.9% |
| Furniture and vehicles | 24 | €428 | €5 | -€423 | -98.9% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €12,491 | €6,920 | -€5,571 | -44.6% |
| Amounts receivable within one year | 40/41 | €7,099 | €6,518 | -€581 | -8.2% |
| Trade receivables | 40 | €6,598 | €6,017 | -€581 | -8.8% |
| Other amounts receivable | 41 | €501 | €501 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,392 | €402 | -€4,990 | -92.5% |
| Total equity and liabilities | 10/49 | €12,956 | €6,963 | -€5,994 | -46.3% |
| Equity | 10/15 | -€997 | -€6,687 | -€5,690 | -570% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,332 | €1,332 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,332 | €1,332 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,332 | €1,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,929 | -€26,619 | -€5,690 | -27.2% |
| Amounts payable | 17/49 | €13,954 | €13,650 | -€304 | -2.2% |
| Amounts payable within one year | 42/48 | €13,954 | €13,650 | -€304 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €2,000 | - | -€2,000 | |
| Trade debts | 44 | €1,573 | €1,751 | +€179 | +11.4% |
| Suppliers | 440/4 | €1,573 | €1,751 | +€179 | +11.4% |
| Taxes, remuneration and social security | 45 | €5,436 | €5,666 | +€230 | +4.2% |
| Taxes | 450/3 | €3,163 | €3,374 | +€211 | +6.7% |
| Remuneration and social security | 454/9 | €2,273 | €2,292 | +€19 | +0.8% |
| Other amounts payable | 47/48 | €4,945 | €6,232 | +€1,287 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €423 | €423 | = | 0.0% |
| Other operating charges | 640/8 | €592 | €668 | +€76 | +12.8% |
| Gross operating margin | 9900 | €1,162 | -€3,378 | -€4,540 | |
| Operating profit (loss) | 9901 | €147 | -€4,469 | -€4,616 | |
| Financial charges | 65/66B | €475 | €558 | +€83 | +17.5% |
| Recurring financial charges | 65 | €475 | €558 | +€83 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | -€328 | -€5,027 | -€4,699 | -1,432% |
| Income taxes | 67/77 | €1,499 | €663 | -€836 | -55.8% |
| Profit (loss) for the period | 9904 | -€1,827 | -€5,690 | -€3,863 | -211% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,827 | -€5,690 | -€3,863 | -211% |
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 23 October 2026 via checked.be.