ONE MORE: 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 MORE
Largest movements
- Receivables within one year +€154,814
up €154,814 (+2205.2%), from €7,020 to €161,834
of which Other amounts receivable: +€124,136
- Current investments +€107,318
new in 2025: €107,318
- Cash -€11,656
down €11,656 (-35.1%), from €33,223 to €21,567
mainly Receivables within one year (-€154,814) and Current investments (-€107,318)
- Reserves +€179,593
up €179,593 (+193.2%), from €92,959 to €272,553
- Trade debts +€37,611
up €37,611 (+678.3%), from €5,545 to €43,156
- Tax, wage and social debts +€26,367
up €26,367 (+174.7%), from €15,093 to €41,460
of which Taxes: +€26,475
- Other debts +€12,191
up €12,191 (+114.0%), from €10,690 to €22,881
- Debts after one year -€5,181
down €5,181 (-9.3%), from €55,939 to €50,758
- Gross operating margin +€157,317
up €157,317 (+122.7%), from €128,169 to €285,485
- Taxes +€39,976
up €39,976 (+220.7%), from €18,112 to €58,087
- Staff costs +€9,601
up €9,601 (+174.9%), from €5,491 to €15,092
- Depreciation +€5,603
up €5,603 (+31.3%), from €17,887 to €23,491
- Financial charges +€2,956
up €2,956 (+38.7%), from €7,643 to €10,599
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 | €211,521 | €467,504 | +€255,983 | +121.0% |
| Fixed assets | 21/28 | €169,342 | €173,094 | +€3,752 | +2.2% |
| Intangible fixed assets | 21 | €278 | - | -€278 | |
| Tangible fixed assets | 22/27 | €169,064 | €173,094 | +€4,030 | +2.4% |
| Plant, machinery and equipment | 23 | €44,643 | €58,794 | +€14,150 | +31.7% |
| Furniture and vehicles | 24 | €7,035 | €6,962 | -€73 | -1.0% |
| Other tangible fixed assets | 26 | €117,386 | €107,339 | -€10,047 | -8.6% |
| Current assets | 29/58 | €42,179 | €294,410 | +€252,231 | +598.0% |
| Amounts receivable within one year | 40/41 | €7,020 | €161,834 | +€154,814 | +2205.2% |
| Trade receivables | 40 | €6,670 | €37,348 | +€30,678 | +459.9% |
| Other amounts receivable | 41 | €350 | €124,486 | +€124,136 | +35467.3% |
| Current investments | 50/53 | - | €107,318 | +€107,318 | |
| Cash at bank and in hand | 54/58 | €33,223 | €21,567 | -€11,656 | -35.1% |
| Deferred charges and accrued income | 490/1 | €1,936 | €3,692 | +€1,756 | +90.7% |
| Total equity and liabilities | 10/49 | €211,521 | €467,504 | +€255,983 | +121.0% |
| Equity | 10/15 | €107,959 | €287,553 | +€179,593 | +166.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €92,959 | €272,553 | +€179,593 | +193.2% |
| Distributable reserves | 133 | €92,959 | €272,553 | +€179,593 | +193.2% |
| Amounts payable | 17/49 | €103,562 | €179,952 | +€76,390 | +73.8% |
| Amounts payable after more than one year | 17 | €55,939 | €50,758 | -€5,181 | -9.3% |
| Financial debts | 170/4 | €55,939 | €50,758 | -€5,181 | -9.3% |
| Amounts payable within one year | 42/48 | €47,053 | €128,539 | +€81,486 | +173.2% |
| Current portion of amounts payable after more than one year | 42 | €15,725 | €16,305 | +€579 | +3.7% |
| Trade debts | 44 | €5,545 | €43,156 | +€37,611 | +678.3% |
| Suppliers | 440/4 | €5,545 | €43,156 | +€37,611 | +678.3% |
| Advances received on contracts in progress | 46 | - | €4,738 | +€4,738 | |
| Taxes, remuneration and social security | 45 | €15,093 | €41,460 | +€26,367 | +174.7% |
| Taxes | 450/3 | €9,698 | €36,173 | +€26,475 | +273.0% |
| Remuneration and social security | 454/9 | €5,395 | €5,287 | -€108 | -2.0% |
| Other amounts payable | 47/48 | €10,690 | €22,881 | +€12,191 | +114.0% |
| Accrued charges and deferred income | 492/3 | €570 | €654 | +€84 | +14.8% |
| Remuneration, social security and pensions | 62 | €5,491 | €15,092 | +€9,601 | +174.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,887 | €23,491 | +€5,603 | +31.3% |
| Other operating charges | 640/8 | €996 | €1,222 | +€226 | +22.7% |
| Gross operating margin | 9900 | €128,169 | €285,485 | +€157,317 | +122.7% |
| Operating profit (loss) | 9901 | €103,794 | €245,680 | +€141,886 | +136.7% |
| Financial income | 75/76B | €6 | €2,599 | +€2,593 | +45416.5% |
| Recurring financial income | 75 | €6 | €2,599 | +€2,593 | +45416.5% |
| Financial charges | 65/66B | €7,643 | €10,599 | +€2,956 | +38.7% |
| Recurring financial charges | 65 | €7,643 | €10,599 | +€2,956 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €96,157 | €237,680 | +€141,524 | +147.2% |
| Income taxes | 67/77 | €18,112 | €58,087 | +€39,976 | +220.7% |
| Profit (loss) for the period | 9904 | €78,045 | €179,593 | +€101,548 | +130.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,045 | €179,593 | +€101,548 | +130.1% |
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 8 October 2026 via checked.be.