ONE MAN ARMY: 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 MAN ARMY
Largest movements
- Cash +€29,963
up €29,963 (+20.7%), from €145,074 to €175,036
mainly Net result for the year (+€31,070) and Depreciation (+€212)
- Profit (loss) carried forward +€31,070
up €31,070 (+22.4%), from €138,727 to €169,797
- Gross operating margin +€3,456
up €3,456 (+9.1%), from €38,056 to €41,512
- Taxes +€1,079
up €1,079 (+11.7%), from €9,223 to €10,301
- Financial charges -€613
down €613 (-84.3%), from €728 to €114
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 | €147,180 | €178,057 | +€30,878 | +21.0% |
| Fixed assets | 21/28 | €446 | €235 | -€212 | -47.4% |
| Tangible fixed assets | 22/27 | €446 | €235 | -€212 | -47.4% |
| Furniture and vehicles | 24 | €446 | €235 | -€212 | -47.4% |
| Current assets | 29/58 | €146,733 | €177,823 | +€31,089 | +21.2% |
| Amounts receivable within one year | 40/41 | €1,660 | €2,786 | +€1,126 | +67.9% |
| Other amounts receivable | 41 | €1,660 | €2,786 | +€1,126 | +67.9% |
| Cash at bank and in hand | 54/58 | €145,074 | €175,036 | +€29,963 | +20.7% |
| Total equity and liabilities | 10/49 | €147,180 | €178,057 | +€30,878 | +21.0% |
| Equity | 10/15 | €141,227 | €172,297 | +€31,070 | +22.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,727 | €169,797 | +€31,070 | +22.4% |
| Amounts payable | 17/49 | €5,952 | €5,760 | -€193 | -3.2% |
| Amounts payable within one year | 42/48 | €5,952 | €5,760 | -€193 | -3.2% |
| Trade debts | 44 | €251 | €236 | -€15 | -6.0% |
| Suppliers | 440/4 | €251 | €236 | -€15 | -6.0% |
| Taxes, remuneration and social security | 45 | €147 | - | -€147 | |
| Taxes | 450/3 | €147 | - | -€147 | |
| Other amounts payable | 47/48 | €5,555 | €5,524 | -€31 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319 | €212 | -€107 | -33.6% |
| Other operating charges | 640/8 | €119 | €31 | -€88 | -74.0% |
| Gross operating margin | 9900 | €38,056 | €41,512 | +€3,456 | +9.1% |
| Operating profit (loss) | 9901 | €37,618 | €41,269 | +€3,651 | +9.7% |
| Financial income | 75/76B | - | €217 | +€217 | |
| Recurring financial income | 75 | - | €217 | +€217 | |
| Financial charges | 65/66B | €728 | €114 | -€613 | -84.3% |
| Recurring financial charges | 65 | €728 | €114 | -€613 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €36,891 | €41,372 | +€4,481 | +12.1% |
| Income taxes | 67/77 | €9,223 | €10,301 | +€1,079 | +11.7% |
| Profit (loss) for the period | 9904 | €27,668 | €31,070 | +€3,402 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,668 | €31,070 | +€3,402 | +12.3% |
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 25 October 2026 via checked.be.