One Management: 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 Management
Largest movements
- Financial fixed assets -€558,859
down €558,859 (-15.7%), from €3.6m to €3.0m
- Receivables within one year +€210,918
up €210,918 (+1005.4%), from €20,978 to €231,896
of which Trade receivables: +€231,895
- Profit (loss) carried forward +€599,277
up €599,277 (+204.4%), from €293,152 to €892,429
- Reserves -€530,000
down €530,000 (-100.0%), from €530,000 to €0
- Other debts -€285,296
down €285,296 (-18.1%), from €1.6m to €1.3m
- Debts after one year -€175,505
down €175,505 (-7.3%), from €2.4m to €2.2m
- Financial income +€528,889
up €528,889 (+47604.8%), from €1,111 to €530,000
- Gross operating margin +€61,723
up €61,723 (+24.7%), from €250,270 to €311,993
- Taxes +€46,109
new in 2025: €46,109
- Other operating charges -€29,529
down €29,529 (-87.3%), from €33,831 to €4,302
- Depreciation -€5,549
down €5,549 (-7.1%), from €78,118 to €72,569
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 | €7,351,248 | €6,958,570 | -€392,678 | -5.3% |
| Fixed assets | 21/28 | €4,513,720 | €3,901,617 | -€612,103 | -13.6% |
| Tangible fixed assets | 22/27 | €951,330 | €898,086 | -€53,244 | -5.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €299,016 | €242,828 | -€56,188 | -18.8% |
| Furniture and vehicles | 24 | €17,129 | €21,902 | +€4,773 | +27.9% |
| Leasing and similar rights | 25 | €615,423 | €633,356 | +€17,933 | +2.9% |
| Assets under construction and advance payments | 27 | €19,762 | - | -€19,762 | |
| Financial fixed assets | 28 | €3,562,390 | €3,003,531 | -€558,859 | -15.7% |
| Current assets | 29/58 | €2,837,528 | €3,056,953 | +€219,425 | +7.7% |
| Stocks and contracts in progress | 3 | €2,784,181 | €2,784,181 | +€0 | 0.0% |
| Contracts in progress | 37 | €2,784,181 | €2,784,181 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €20,978 | €231,896 | +€210,918 | +1005.4% |
| Trade receivables | 40 | €1 | €231,896 | +€231,895 | +23189508.0% |
| Other amounts receivable | 41 | €20,977 | - | -€20,977 | |
| Cash at bank and in hand | 54/58 | €30,829 | €39,340 | +€8,511 | +27.6% |
| Deferred charges and accrued income | 490/1 | €1,540 | €1,535 | -€5 | -0.3% |
| Total equity and liabilities | 10/49 | €7,351,248 | €6,958,570 | -€392,678 | -5.3% |
| Equity | 10/15 | €841,752 | €911,029 | +€69,277 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €530,000 | €0 | -€530,000 | -100.0% |
| Tax-exempt reserves | 132 | €530,000 | - | -€530,000 | |
| Profit (loss) carried forward | 14 | €293,152 | €892,429 | +€599,277 | +204.4% |
| Amounts payable | 17/49 | €6,509,496 | €6,047,541 | -€461,955 | -7.1% |
| Amounts payable after more than one year | 17 | €2,404,469 | €2,228,964 | -€175,505 | -7.3% |
| Financial debts | 170/4 | €2,404,469 | €2,228,964 | -€175,505 | -7.3% |
| Amounts payable within one year | 42/48 | €4,105,027 | €3,815,876 | -€289,151 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €142,554 | €161,665 | +€19,111 | +13.4% |
| Financial debts | 43 | €2,160,000 | €2,160,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,160,000 | €2,160,000 | = | 0.0% |
| Trade debts | 44 | €54,708 | €23,588 | -€31,120 | -56.9% |
| Suppliers | 440/4 | €54,708 | €23,588 | -€31,120 | -56.9% |
| Taxes, remuneration and social security | 45 | €174,544 | €182,697 | +€8,153 | +4.7% |
| Taxes | 450/3 | €174,544 | €182,697 | +€8,153 | +4.7% |
| Other amounts payable | 47/48 | €1,573,221 | €1,287,925 | -€285,296 | -18.1% |
| Accrued charges and deferred income | 492/3 | - | €2,700 | +€2,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,118 | €72,569 | -€5,549 | -7.1% |
| Other operating charges | 640/8 | €33,831 | €4,302 | -€29,529 | -87.3% |
| Gross operating margin | 9900 | €250,270 | €311,993 | +€61,723 | +24.7% |
| Operating profit (loss) | 9901 | €138,321 | €235,122 | +€96,801 | +70.0% |
| Financial income | 75/76B | €1,111 | €530,000 | +€528,889 | +47604.8% |
| Recurring financial income | 75 | €1,111 | €530,000 | +€528,889 | +47604.8% |
| Financial charges | 65/66B | €120,756 | €119,736 | -€1,020 | -0.8% |
| Recurring financial charges | 65 | €120,756 | €119,736 | -€1,020 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €18,676 | €645,386 | +€626,710 | +3355.7% |
| Income taxes | 67/77 | - | €46,109 | +€46,109 | |
| Profit (loss) for the period | 9904 | €18,676 | €599,276 | +€580,600 | +3108.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,676 | €599,276 | +€580,600 | +3108.8% |
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 11 October 2026 via checked.be.