One Small Step: 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 Small Step
Largest movements
- Cash -€10,801
down €10,801 (-23.3%), from €46,338 to €35,537
mainly Net result for the year (-€8,943) and Current investments (-€6,000)
- Tangible fixed assets -€6,644
down €6,644 (-67.8%), from €9,804 to €3,160
of which Furniture and vehicles: -€6,123
- Current investments +€6,000
up €6,000 (+2.4%), from €250,000 to €256,000
- Profit (loss) carried forward -€8,943
down €8,943 (-180.6%), from -€4,950 to -€13,893
- Gross operating margin -€2,342
down €2,342 (-57.8%), from -€4,052 to -€6,394
- Financial income +€436
up €436 (+9.6%), from €4,546 to €4,981
- Other operating charges +€231
up €231 (+37.8%), from €611 to €841
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 | €311,220 | €301,545 | -€9,675 | -3.1% |
| Fixed assets | 21/28 | €9,804 | €3,160 | -€6,644 | -67.8% |
| Tangible fixed assets | 22/27 | €9,804 | €3,160 | -€6,644 | -67.8% |
| Plant, machinery and equipment | 23 | €1,992 | €1,471 | -€521 | -26.2% |
| Furniture and vehicles | 24 | €7,811 | €1,688 | -€6,123 | -78.4% |
| Current assets | 29/58 | €301,416 | €298,386 | -€3,031 | -1.0% |
| Amounts receivable within one year | 40/41 | €3,673 | €5,269 | +€1,596 | +43.4% |
| Other amounts receivable | 41 | €3,673 | €5,269 | +€1,596 | +43.4% |
| Current investments | 50/53 | €250,000 | €256,000 | +€6,000 | +2.4% |
| Cash at bank and in hand | 54/58 | €46,338 | €35,537 | -€10,801 | -23.3% |
| Deferred charges and accrued income | 490/1 | €1,405 | €1,580 | +€175 | +12.4% |
| Total equity and liabilities | 10/49 | €311,220 | €301,545 | -€9,675 | -3.1% |
| Equity | 10/15 | €262,796 | €253,853 | -€8,943 | -3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €261,546 | €261,546 | = | 0.0% |
| Tax-exempt reserves | 132 | €216 | €216 | = | 0.0% |
| Distributable reserves | 133 | €261,330 | €261,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,950 | -€13,893 | -€8,943 | -180.6% |
| Amounts payable | 17/49 | €48,424 | €47,692 | -€732 | -1.5% |
| Amounts payable within one year | 42/48 | €48,424 | €47,692 | -€732 | -1.5% |
| Trade debts | 44 | €1,632 | €886 | -€746 | -45.7% |
| Suppliers | 440/4 | €1,632 | €886 | -€746 | -45.7% |
| Other amounts payable | 47/48 | €46,792 | €46,806 | +€14 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,644 | €6,644 | = | 0.0% |
| Other operating charges | 640/8 | €611 | €841 | +€231 | +37.8% |
| Gross operating margin | 9900 | -€4,052 | -€6,394 | -€2,342 | -57.8% |
| Operating profit (loss) | 9901 | -€11,306 | -€13,879 | -€2,573 | -22.8% |
| Financial income | 75/76B | €4,546 | €4,981 | +€436 | +9.6% |
| Recurring financial income | 75 | €4,546 | €4,981 | +€436 | +9.6% |
| Financial charges | 65/66B | €50 | €45 | -€5 | -9.6% |
| Recurring financial charges | 65 | €50 | €45 | -€5 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,810 | -€8,943 | -€2,132 | -31.3% |
| Profit (loss) for the period | 9904 | -€6,810 | -€8,943 | -€2,132 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,810 | -€8,943 | -€2,132 | -31.3% |
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 5 October 2026 via checked.be.