One Nine Four: 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 Nine Four
Largest movements
- Tangible fixed assets +€114,756
up €114,756 (+176%), from €65,138 to €179,894
of which Land and buildings: +€73,438
- Receivables within one year +€13,912
up €13,912 (+49.7%), from €28,009 to €41,921
of which Trade receivables: +€13,674
- Cash -€9,454
down €9,454 (-6.1%), from €153,951 to €144,497
mainly Investment in fixed assets (net) (-€133,033) and Receivables within one year (-€13,912)
- Stocks and contracts +€5,550
new in 2025: €5,550
- Deferred charges and accrued income +€3,845
new in 2025: €3,845
- Reserves +€80,929
up €80,929 (+49.7%), from €162,712 to €243,642
of which Distributable reserves: +€80,929
- Trade debts +€51,273
up €51,273 (+262%), from €19,577 to €70,851
- Gross operating margin +€74,107
up €74,107 (+86.8%), from €85,379 to €159,486
- Depreciation +€13,634
up €13,634 (+294%), from €4,643 to €18,277
- Taxes +€8,165
up €8,165 (+77.8%), from €10,491 to €18,656
- Staff costs +€7,397
up €7,397 (+24.1%), from €30,632 to €38,028
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 | €248,598 | €377,207 | +€128,609 | +51.7% |
| Fixed assets | 21/28 | €66,638 | €181,394 | +€114,756 | +172% |
| Tangible fixed assets | 22/27 | €65,138 | €179,894 | +€114,756 | +176% |
| Land and buildings | 22 | €53,820 | €127,258 | +€73,438 | +136% |
| Plant, machinery and equipment | 23 | €3,532 | €31,694 | +€28,161 | +797% |
| Furniture and vehicles | 24 | €7,786 | €20,942 | +€13,156 | +169% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €181,960 | €195,812 | +€13,853 | +7.6% |
| Stocks and contracts in progress | 3 | - | €5,550 | +€5,550 | |
| Stocks | 30/36 | - | €5,550 | +€5,550 | |
| Amounts receivable within one year | 40/41 | €28,009 | €41,921 | +€13,912 | +49.7% |
| Trade receivables | 40 | €28,009 | €41,683 | +€13,674 | +48.8% |
| Other amounts receivable | 41 | - | €238 | +€238 | |
| Cash at bank and in hand | 54/58 | €153,951 | €144,497 | -€9,454 | -6.1% |
| Deferred charges and accrued income | 490/1 | - | €3,845 | +€3,845 | |
| Total equity and liabilities | 10/49 | €248,598 | €377,207 | +€128,609 | +51.7% |
| Equity | 10/15 | €181,312 | €262,242 | +€80,929 | +44.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,712 | €243,642 | +€80,929 | +49.7% |
| Non-distributable reserves | 130/1 | €246 | €246 | = | 0.0% |
| Reserves not available under the articles | 1311 | €246 | €246 | = | 0.0% |
| Distributable reserves | 133 | €162,466 | €243,396 | +€80,929 | +49.8% |
| Amounts payable | 17/49 | €67,286 | €114,965 | +€47,679 | +70.9% |
| Amounts payable within one year | 42/48 | €67,286 | €114,965 | +€47,679 | +70.9% |
| Trade debts | 44 | €19,577 | €70,851 | +€51,273 | +262% |
| Suppliers | 440/4 | €19,577 | €70,851 | +€51,273 | +262% |
| Advances received on contracts in progress | 46 | €6,653 | €5,641 | -€1,012 | -15.2% |
| Taxes, remuneration and social security | 45 | €39,549 | €38,272 | -€1,278 | -3.2% |
| Taxes | 450/3 | €28,491 | €32,326 | +€3,835 | +13.5% |
| Remuneration and social security | 454/9 | €11,059 | €5,946 | -€5,113 | -46.2% |
| Other amounts payable | 47/48 | €1,505 | €202 | -€1,303 | -86.6% |
| Non-recurring operating income | 76A | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €30,632 | €38,028 | +€7,397 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,643 | €18,277 | +€13,634 | +294% |
| Other operating charges | 640/8 | €1,737 | €537 | -€1,200 | -69.1% |
| Gross operating margin | 9900 | €85,379 | €159,486 | +€74,107 | +86.8% |
| Operating profit (loss) | 9901 | €48,367 | €102,644 | +€54,277 | +112% |
| Financial income | 75/76B | €0 | €2 | +€2 | +326% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +326% |
| Financial charges | 65/66B | €2,275 | €3,060 | +€785 | +34.5% |
| Recurring financial charges | 65 | €2,275 | €3,060 | +€785 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €46,092 | €99,585 | +€53,493 | +116% |
| Income taxes | 67/77 | €10,491 | €18,656 | +€8,165 | +77.8% |
| Profit (loss) for the period | 9904 | €35,601 | €80,929 | +€45,329 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €35,601 | €80,929 | +€45,329 | +127% |
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 23 October 2026 via checked.be.