ONE FOUR 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 FOUR ONE
Largest movements
- Tangible fixed assets -€96,968
down €96,968 (-7.2%), from €1.4m to €1.3m
of which Land and buildings: -€58,308
- Receivables within one year -€92,102
down €92,102 (-35.2%), from €261,718 to €169,616
of which Trade receivables: -€64,228
- Debts after one year -€96,193
down €96,193 (-22.1%), from €434,430 to €338,237
- Tax, wage and social debts -€92,637
down €92,637 (-63.8%), from €145,204 to €52,566
of which Taxes: -€76,046
- Trade debts -€76,322
down €76,322 (-80.4%), from €94,907 to €18,585
- Other debts -€69,167
no longer reported in 2024 (was €69,167)
- Profit (loss) carried forward +€63,961
up €63,961 (+12.1%), from €527,435 to €591,396
- Gross operating margin +€59,349
up €59,349 (+20.3%), from €292,939 to €352,288
- Staff costs -€30,244
down €30,244 (-91.0%), from €33,229 to €2,985
- Taxes -€15,343
down €15,343 (-41.0%), from €37,383 to €22,040
- Financial charges +€13,069
up €13,069 (+45.8%), from €28,528 to €41,597
- Depreciation +€10,265
up €10,265 (+5.2%), from €196,139 to €206,403
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,669,889 | €1,471,180 | -€198,710 | -11.9% |
| Fixed assets | 21/28 | €1,351,608 | €1,254,641 | -€96,968 | -7.2% |
| Tangible fixed assets | 22/27 | €1,351,608 | €1,254,641 | -€96,968 | -7.2% |
| Land and buildings | 22 | €859,515 | €801,207 | -€58,308 | -6.8% |
| Plant, machinery and equipment | 23 | €196,362 | €163,765 | -€32,596 | -16.6% |
| Furniture and vehicles | 24 | €295,731 | €289,668 | -€6,063 | -2.1% |
| Current assets | 29/58 | €318,281 | €216,539 | -€101,742 | -32.0% |
| Stocks and contracts in progress | 3 | €28,000 | €28,000 | = | 0.0% |
| Stocks | 30/36 | €28,000 | €28,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €261,718 | €169,616 | -€92,102 | -35.2% |
| Trade receivables | 40 | €182,133 | €117,906 | -€64,228 | -35.3% |
| Other amounts receivable | 41 | €79,585 | €51,710 | -€27,874 | -35.0% |
| Cash at bank and in hand | 54/58 | €19,828 | €14,084 | -€5,744 | -29.0% |
| Deferred charges and accrued income | 490/1 | €8,735 | €4,839 | -€3,896 | -44.6% |
| Total equity and liabilities | 10/49 | €1,669,889 | €1,471,180 | -€198,710 | -11.9% |
| Equity | 10/15 | €794,904 | €868,866 | +€73,961 | +9.3% |
| Contributions | 10/11 | €19,336 | €19,336 | = | 0.0% |
| Reserves | 13 | €248,134 | €258,134 | +€10,000 | +4.0% |
| Non-distributable reserves | 130/1 | €1,934 | €1,934 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,934 | €1,934 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,500 | €25,500 | = | 0.0% |
| Distributable reserves | 133 | €220,700 | €230,700 | +€10,000 | +4.5% |
| Profit (loss) carried forward | 14 | €527,435 | €591,396 | +€63,961 | +12.1% |
| Amounts payable | 17/49 | €874,985 | €602,314 | -€272,671 | -31.2% |
| Amounts payable after more than one year | 17 | €434,430 | €338,237 | -€96,193 | -22.1% |
| Financial debts | 170/4 | €434,430 | €338,237 | -€96,193 | -22.1% |
| Amounts payable within one year | 42/48 | €440,555 | €264,077 | -€176,478 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €116,076 | €158,325 | +€42,249 | +36.4% |
| Financial debts | 43 | €15,202 | €34,601 | +€19,400 | +128% |
| Credit institutions | 430/8 | €15,202 | €34,601 | +€19,400 | +128% |
| Trade debts | 44 | €94,907 | €18,585 | -€76,322 | -80.4% |
| Suppliers | 440/4 | €94,907 | €18,585 | -€76,322 | -80.4% |
| Taxes, remuneration and social security | 45 | €145,204 | €52,566 | -€92,637 | -63.8% |
| Taxes | 450/3 | €114,116 | €38,071 | -€76,046 | -66.6% |
| Remuneration and social security | 454/9 | €31,088 | €14,496 | -€16,592 | -53.4% |
| Other amounts payable | 47/48 | €69,167 | - | -€69,167 | |
| Remuneration, social security and pensions | 62 | €33,229 | €2,985 | -€30,244 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,139 | €206,403 | +€10,265 | +5.2% |
| Other operating charges | 640/8 | €5,926 | €5,423 | -€504 | -8.5% |
| Gross operating margin | 9900 | €292,939 | €352,288 | +€59,349 | +20.3% |
| Operating profit (loss) | 9901 | €57,644 | €137,477 | +€79,832 | +138% |
| Financial income | 75/76B | €353 | €122 | -€231 | -65.4% |
| Recurring financial income | 75 | €353 | €122 | -€231 | -65.4% |
| Financial charges | 65/66B | €28,528 | €41,597 | +€13,069 | +45.8% |
| Recurring financial charges | 65 | €28,528 | €41,597 | +€13,069 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €29,468 | €96,002 | +€66,533 | +226% |
| Income taxes | 67/77 | €37,383 | €22,040 | -€15,343 | -41.0% |
| Profit (loss) for the period | 9904 | -€7,915 | €73,961 | +€81,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,915 | €73,961 | +€81,876 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.