ONE-O-EIGHT: 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-O-EIGHT
Largest movements
- Cash +€30,173
up €30,173 (+13.9%), from €216,909 to €247,082
mainly Net result for the year (+€70,925) and Other debts (+€62,884)
- Tangible fixed assets -€6,996
down €6,996 (-31.2%), from €22,426 to €15,430
of which Plant, machinery and equipment: -€6,828
- Other debts +€62,884
new in 2025: €62,884
- Advances received -€55,192
down €55,192 (-64.5%), from €85,519 to €30,327
- Trade debts +€11,252
up €11,252 (+170%), from €6,633 to €17,885
- Reserves +€8,041
up €8,041 (+3.7%), from €219,726 to €227,767
of which Distributable reserves: +€8,041
- Tax, wage and social debts -€5,010
down €5,010 (-9.1%), from €55,010 to €50,000
of which Taxes: -€3,209
- Gross operating margin -€46,197
down €46,197 (-16.7%), from €276,001 to €229,804
- Staff costs -€17,479
down €17,479 (-12.8%), from €136,027 to €118,548
- Taxes -€8,209
down €8,209 (-19.2%), from €42,845 to €34,636
- Depreciation -€6,055
down €6,055 (-46.4%), from €13,051 to €6,996
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 | €414,176 | €436,151 | +€21,976 | +5.3% |
| Fixed assets | 21/28 | €23,290 | €16,294 | -€6,996 | -30.0% |
| Tangible fixed assets | 22/27 | €22,426 | €15,430 | -€6,996 | -31.2% |
| Plant, machinery and equipment | 23 | €22,259 | €15,430 | -€6,828 | -30.7% |
| Furniture and vehicles | 24 | €168 | €0 | -€168 | -100% |
| Financial fixed assets | 28 | €864 | €864 | = | 0.0% |
| Current assets | 29/58 | €390,885 | €419,857 | +€28,971 | +7.4% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €37,020 | €37,260 | +€240 | +0.6% |
| Stocks | 30/36 | €37,020 | €37,260 | +€240 | +0.6% |
| Amounts receivable within one year | 40/41 | €124,809 | €124,645 | -€164 | -0.1% |
| Trade receivables | 40 | €46,178 | €43,713 | -€2,465 | -5.3% |
| Other amounts receivable | 41 | €78,631 | €80,932 | +€2,301 | +2.9% |
| Cash at bank and in hand | 54/58 | €216,909 | €247,082 | +€30,173 | +13.9% |
| Deferred charges and accrued income | 490/1 | €2,147 | €869 | -€1,278 | -59.5% |
| Total equity and liabilities | 10/49 | €414,176 | €436,151 | +€21,976 | +5.3% |
| Equity | 10/15 | €267,014 | €275,055 | +€8,041 | +3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €219,726 | €227,767 | +€8,041 | +3.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €219,726 | €227,767 | +€8,041 | +3.7% |
| Profit (loss) carried forward | 14 | €41,088 | €41,088 | = | 0.0% |
| Amounts payable | 17/49 | €147,162 | €161,096 | +€13,934 | +9.5% |
| Amounts payable within one year | 42/48 | €147,162 | €161,096 | +€13,934 | +9.5% |
| Trade debts | 44 | €6,633 | €17,885 | +€11,252 | +170% |
| Suppliers | 440/4 | €6,633 | €17,885 | +€11,252 | +170% |
| Advances received on contracts in progress | 46 | €85,519 | €30,327 | -€55,192 | -64.5% |
| Taxes, remuneration and social security | 45 | €55,010 | €50,000 | -€5,010 | -9.1% |
| Taxes | 450/3 | €38,702 | €35,494 | -€3,209 | -8.3% |
| Remuneration and social security | 454/9 | €16,308 | €14,506 | -€1,801 | -11.0% |
| Other amounts payable | 47/48 | - | €62,884 | +€62,884 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €136,027 | €118,548 | -€17,479 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,051 | €6,996 | -€6,055 | -46.4% |
| Other operating charges | 640/8 | €118 | €907 | +€789 | +669% |
| Gross operating margin | 9900 | €276,001 | €229,804 | -€46,197 | -16.7% |
| Operating profit (loss) | 9901 | €126,805 | €103,353 | -€23,452 | -18.5% |
| Financial income | 75/76B | €5,638 | €5,020 | -€618 | -11.0% |
| Recurring financial income | 75 | €5,638 | €5,020 | -€618 | -11.0% |
| Financial charges | 65/66B | €2,460 | €2,812 | +€352 | +14.3% |
| Recurring financial charges | 65 | €2,460 | €2,812 | +€352 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €129,983 | €105,562 | -€24,422 | -18.8% |
| Income taxes | 67/77 | €42,845 | €34,636 | -€8,209 | -19.2% |
| Profit (loss) for the period | 9904 | €87,138 | €70,925 | -€16,213 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,138 | €70,925 | -€16,213 | -18.6% |
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 17 October 2026 via checked.be.