ONE-G: 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-G
Largest movements
- Receivables within one year -€87,801
down €87,801 (-85.5%), from €102,667 to €14,865
of which Other amounts receivable: -€72,811
- Cash +€34,970
up €34,970 (+90.6%), from €38,602 to €73,572
mainly Receivables within one year (+€87,801) and Other debts (+€30,317)
- Tangible fixed assets -€6,705
down €6,705 (-32.3%), from €20,774 to €14,069
- Deferred charges and accrued income -€2,687
down €2,687 (-41.7%), from €6,441 to €3,754
- Reserves -€51,956
down €51,956 (-37.1%), from €139,966 to €88,009
of which Distributable reserves: -€51,956
- Profit (loss) carried forward -€36,670
new in 2025: -€36,670
- Other debts +€30,317
up €30,317 (+2706.9%), from €1,120 to €31,437
- Current portion of long-term debt -€6,649
no longer reported in 2025 (was €6,649)
- Financial charges +€68,038
up €68,038 (+23312.7%), from €292 to €68,330
- Taxes -€12,657
down €12,657 (-98.5%), from €12,854 to €196
- Gross operating margin -€10,368
down €10,368 (-20.5%), from €50,563 to €40,195
- Financial income -€3,632
down €3,632 (-75.1%), from €4,834 to €1,203
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 | €171,258 | €109,035 | -€62,223 | -36.3% |
| Fixed assets | 21/28 | €20,774 | €14,069 | -€6,705 | -32.3% |
| Tangible fixed assets | 22/27 | €20,774 | €14,069 | -€6,705 | -32.3% |
| Furniture and vehicles | 24 | €20,774 | €14,069 | -€6,705 | -32.3% |
| Current assets | 29/58 | €150,484 | €94,966 | -€55,519 | -36.9% |
| Amounts receivable within one year | 40/41 | €102,667 | €14,865 | -€87,801 | -85.5% |
| Trade receivables | 40 | €26,893 | €11,903 | -€14,990 | -55.7% |
| Other amounts receivable | 41 | €75,774 | €2,962 | -€72,811 | -96.1% |
| Current investments | 50/53 | €2,775 | €2,775 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,602 | €73,572 | +€34,970 | +90.6% |
| Deferred charges and accrued income | 490/1 | €6,441 | €3,754 | -€2,687 | -41.7% |
| Total equity and liabilities | 10/49 | €171,258 | €109,035 | -€62,223 | -36.3% |
| Equity | 10/15 | €158,566 | €69,940 | -€88,626 | -55.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,966 | €88,009 | -€51,956 | -37.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €138,106 | €86,149 | -€51,956 | -37.6% |
| Profit (loss) carried forward | 14 | - | -€36,670 | -€36,670 | |
| Amounts payable | 17/49 | €12,692 | €39,095 | +€26,402 | +208.0% |
| Amounts payable within one year | 42/48 | €12,692 | €39,095 | +€26,402 | +208.0% |
| Current portion of amounts payable after more than one year | 42 | €6,649 | - | -€6,649 | |
| Trade debts | 44 | €1,831 | €3,003 | +€1,172 | +64.0% |
| Suppliers | 440/4 | €1,831 | €3,003 | +€1,172 | +64.0% |
| Taxes, remuneration and social security | 45 | €3,092 | €4,655 | +€1,562 | +50.5% |
| Taxes | 450/3 | €3,092 | €1,855 | -€1,238 | -40.0% |
| Remuneration and social security | 454/9 | - | €2,800 | +€2,800 | |
| Other amounts payable | 47/48 | €1,120 | €31,437 | +€30,317 | +2706.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,461 | €8,892 | +€431 | +5.1% |
| Other operating charges | 640/8 | €629 | €648 | +€19 | +3.1% |
| Gross operating margin | 9900 | €50,563 | €40,195 | -€10,368 | -20.5% |
| Operating profit (loss) | 9901 | €41,473 | €30,654 | -€10,819 | -26.1% |
| Financial income | 75/76B | €4,834 | €1,203 | -€3,632 | -75.1% |
| Recurring financial income | 75 | €4,834 | €1,203 | -€3,632 | -75.1% |
| Financial charges | 65/66B | €292 | €68,330 | +€68,038 | +23312.7% |
| Recurring financial charges | 65 | €292 | €68,330 | +€68,038 | +23312.7% |
| Profit (loss) for the period before taxes | 9903 | €46,015 | -€36,473 | -€82,489 | |
| Income taxes | 67/77 | €12,854 | €196 | -€12,657 | -98.5% |
| Profit (loss) for the period | 9904 | €33,162 | -€36,670 | -€69,831 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,162 | -€36,670 | -€69,831 |
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 3 October 2026 via checked.be.