ONE POLICY LAB: 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 POLICY LAB
Largest movements
- Cash +€192,583
up €192,583 (+372%), from €51,775 to €244,358
mainly Net result for the year (+€236,922) and Depreciation (+€12,181)
- Receivables within one year +€38,284
up €38,284 (+7.4%), from €516,895 to €555,179
of which Other amounts receivable: +€36,042
- Tangible fixed assets -€12,181
down €12,181 (-20.3%), from €59,871 to €47,690
of which Furniture and vehicles: -€10,135
- Deferred charges and accrued income +€11,279
up €11,279 (+65.0%), from €17,365 to €28,644
- Reserves +€236,922
up €236,922 (+41.3%), from €573,096 to €810,018
of which Distributable reserves: +€236,922
- Debts after one year -€13,969
down €13,969 (-100%), from €13,969 to €0
- Tax, wage and social debts +€10,828
up €10,828 (+95.2%), from €11,370 to €22,199
- Gross operating margin +€75,404
up €75,404 (+33.1%), from €227,660 to €303,064
- Taxes +€25,086
up €25,086 (+46.1%), from €54,422 to €79,508
- Financial income +€12,112
up €12,112 (+70.0%), from €17,291 to €29,404
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 | €701,906 | €931,870 | +€229,965 | +32.8% |
| Fixed assets | 21/28 | €59,871 | €47,690 | -€12,181 | -20.3% |
| Tangible fixed assets | 22/27 | €59,871 | €47,690 | -€12,181 | -20.3% |
| Furniture and vehicles | 24 | €42,230 | €32,095 | -€10,135 | -24.0% |
| Other tangible fixed assets | 26 | €17,641 | €15,595 | -€2,046 | -11.6% |
| Current assets | 29/58 | €642,035 | €884,180 | +€242,146 | +37.7% |
| Amounts receivable after more than one year | 29 | €56,000 | €56,000 | = | 0.0% |
| Other amounts receivable | 291 | €56,000 | €56,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €516,895 | €555,179 | +€38,284 | +7.4% |
| Trade receivables | 40 | €34,325 | €36,567 | +€2,242 | +6.5% |
| Other amounts receivable | 41 | €482,570 | €518,612 | +€36,042 | +7.5% |
| Cash at bank and in hand | 54/58 | €51,775 | €244,358 | +€192,583 | +372% |
| Deferred charges and accrued income | 490/1 | €17,365 | €28,644 | +€11,279 | +65.0% |
| Total equity and liabilities | 10/49 | €701,906 | €931,870 | +€229,965 | +32.8% |
| Equity | 10/15 | €591,696 | €828,618 | +€236,922 | +40.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €573,096 | €810,018 | +€236,922 | +41.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €571,236 | €808,158 | +€236,922 | +41.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €110,209 | €103,252 | -€6,957 | -6.3% |
| Amounts payable after more than one year | 17 | €13,969 | €0 | -€13,969 | -100% |
| Financial debts | 170/4 | €13,969 | €0 | -€13,969 | -100% |
| Amounts payable within one year | 42/48 | €96,240 | €103,252 | +€7,012 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €17,826 | €13,969 | -€3,857 | -21.6% |
| Financial debts | 43 | €67,000 | €67,000 | = | 0.0% |
| Credit institutions | 430/8 | €67,000 | €67,000 | = | 0.0% |
| Trade debts | 44 | €44 | €84 | +€40 | +91.8% |
| Suppliers | 440/4 | €44 | €84 | +€40 | +91.8% |
| Taxes, remuneration and social security | 45 | €11,370 | €22,199 | +€10,828 | +95.2% |
| Taxes | 450/3 | €11,370 | €22,199 | +€10,828 | +95.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,689 | €12,181 | +€1,492 | +14.0% |
| Other operating charges | 640/8 | €3,463 | €1,114 | -€2,349 | -67.8% |
| Gross operating margin | 9900 | €227,660 | €303,064 | +€75,404 | +33.1% |
| Operating profit (loss) | 9901 | €213,508 | €289,770 | +€76,261 | +35.7% |
| Financial income | 75/76B | €17,291 | €29,404 | +€12,112 | +70.0% |
| Recurring financial income | 75 | €17,291 | €29,404 | +€12,112 | +70.0% |
| Financial charges | 65/66B | €3,248 | €2,743 | -€504 | -15.5% |
| Recurring financial charges | 65 | €3,248 | €2,743 | -€504 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €227,552 | €316,430 | +€88,878 | +39.1% |
| Income taxes | 67/77 | €54,422 | €79,508 | +€25,086 | +46.1% |
| Profit (loss) for the period | 9904 | €173,130 | €236,922 | +€63,792 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €173,130 | €236,922 | +€63,792 | +36.8% |
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 13 October 2026 via checked.be.