One Red Leaf: 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 Red Leaf
Largest movements
- Cash +€40,559
up €40,559 (+474.5%), from €8,548 to €49,107
mainly Net result for the year (+€63,929) and Other debts (+€60,638)
- Deferred charges and accrued income -€39,615
down €39,615 (-95.9%), from €41,321 to €1,706
- Receivables within one year +€27,962
up €27,962 (+163.9%), from €17,064 to €45,026
of which Trade receivables: +€26,735
- Tangible fixed assets -€15,593
down €15,593 (-60.6%), from €25,748 to €10,155
- Other debts +€60,638
up €60,638 (+184.2%), from €32,921 to €93,559
- Profit (loss) carried forward -€28,463
no longer reported in 2025 (was €28,463)
- Debts after one year -€9,426
no longer reported in 2025 (was €9,426)
- Current portion of long-term debt -€4,564
down €4,564 (-32.6%), from €13,990 to €9,426
- Tax, wage and social debts -€2,950
no longer reported in 2025 (was €2,950)
of which Remuneration and social security: -€2,600
- Gross operating margin +€44,104
up €44,104 (+83.5%), from €52,848 to €96,952
- Taxes +€8,784
up €8,784 (+116.4%), from €7,549 to €16,333
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 | €92,681 | €105,994 | +€13,313 | +14.4% |
| Fixed assets | 21/28 | €25,748 | €10,155 | -€15,593 | -60.6% |
| Tangible fixed assets | 22/27 | €25,748 | €10,155 | -€15,593 | -60.6% |
| Furniture and vehicles | 24 | €25,748 | €10,155 | -€15,593 | -60.6% |
| Current assets | 29/58 | €66,933 | €95,839 | +€28,906 | +43.2% |
| Amounts receivable within one year | 40/41 | €17,064 | €45,026 | +€27,962 | +163.9% |
| Trade receivables | 40 | €15,840 | €42,575 | +€26,735 | +168.8% |
| Other amounts receivable | 41 | €1,224 | €2,451 | +€1,227 | +100.2% |
| Cash at bank and in hand | 54/58 | €8,548 | €49,107 | +€40,559 | +474.5% |
| Deferred charges and accrued income | 490/1 | €41,321 | €1,706 | -€39,615 | -95.9% |
| Total equity and liabilities | 10/49 | €92,681 | €105,994 | +€13,313 | +14.4% |
| Equity | 10/15 | €29,463 | €1,000 | -€28,463 | -96.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,463 | - | -€28,463 | |
| Amounts payable | 17/49 | €63,218 | €104,994 | +€41,776 | +66.1% |
| Amounts payable after more than one year | 17 | €9,426 | - | -€9,426 | |
| Financial debts | 170/4 | €9,426 | - | -€9,426 | |
| Amounts payable within one year | 42/48 | €53,158 | €104,994 | +€51,836 | +97.5% |
| Current portion of amounts payable after more than one year | 42 | €13,990 | €9,426 | -€4,564 | -32.6% |
| Trade debts | 44 | €3,297 | €2,009 | -€1,288 | -39.1% |
| Suppliers | 440/4 | €3,297 | €2,009 | -€1,288 | -39.1% |
| Taxes, remuneration and social security | 45 | €2,950 | - | -€2,950 | |
| Taxes | 450/3 | €350 | - | -€350 | |
| Remuneration and social security | 454/9 | €2,600 | - | -€2,600 | |
| Other amounts payable | 47/48 | €32,921 | €93,559 | +€60,638 | +184.2% |
| Accrued charges and deferred income | 492/3 | €634 | - | -€634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,689 | €15,593 | -€96 | -0.6% |
| Other operating charges | 640/8 | €479 | €444 | -€35 | -7.3% |
| Gross operating margin | 9900 | €52,848 | €96,952 | +€44,104 | +83.5% |
| Operating profit (loss) | 9901 | €36,680 | €80,915 | +€44,235 | +120.6% |
| Financial charges | 65/66B | €668 | €653 | -€15 | -2.2% |
| Recurring financial charges | 65 | €668 | €653 | -€15 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €36,012 | €80,262 | +€44,250 | +122.9% |
| Income taxes | 67/77 | €7,549 | €16,333 | +€8,784 | +116.4% |
| Profit (loss) for the period | 9904 | €28,463 | €63,929 | +€35,466 | +124.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,463 | €63,929 | +€35,466 | +124.6% |
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 29 September 2026 via checked.be.