One.three.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.three.four
Largest movements
- Current investments +€10,000
new in 2025: €10,000
- Cash -€6,642
down €6,642 (-6.0%), from €111,292 to €104,649
mainly Current investments (-€10,000) and Receivables within one year (-€5,050)
- Receivables within one year +€5,050
up €5,050 (+86.2%), from €5,861 to €10,911
of which Other amounts receivable: +€8,194
- Tangible fixed assets -€1,459
down €1,459 (-26.9%), from €5,421 to €3,963
of which Plant, machinery and equipment: -€777
- Reserves +€9,690
up €9,690 (+8.9%), from €108,964 to €118,654
of which Distributable reserves: +€9,690
- Tax, wage and social debts -€4,539
no longer reported in 2025 (was €4,539)
of which Taxes: -€3,789
- Gross operating margin -€14,776
down €14,776 (-44.7%), from €33,064 to €18,288
- Taxes -€4,787
down €4,787 (-48.8%), from €9,814 to €5,028
- Depreciation +€511
up €511 (+30.4%), from €1,680 to €2,191
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 | €124,172 | €130,473 | +€6,300 | +5.1% |
| Fixed assets | 21/28 | €5,421 | €3,963 | -€1,459 | -26.9% |
| Tangible fixed assets | 22/27 | €5,421 | €3,963 | -€1,459 | -26.9% |
| Plant, machinery and equipment | 23 | €3,215 | €2,438 | -€777 | -24.2% |
| Furniture and vehicles | 24 | €1,966 | €1,318 | -€648 | -32.9% |
| Other tangible fixed assets | 26 | €240 | €206 | -€34 | -14.2% |
| Current assets | 29/58 | €118,751 | €126,510 | +€7,759 | +6.5% |
| Amounts receivable within one year | 40/41 | €5,861 | €10,911 | +€5,050 | +86.2% |
| Trade receivables | 40 | €5,663 | €2,519 | -€3,144 | -55.5% |
| Other amounts receivable | 41 | €198 | €8,392 | +€8,194 | +4,140% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €111,292 | €104,649 | -€6,642 | -6.0% |
| Deferred charges and accrued income | 490/1 | €1,599 | €950 | -€649 | -40.6% |
| Total equity and liabilities | 10/49 | €124,172 | €130,473 | +€6,300 | +5.1% |
| Equity | 10/15 | €117,148 | €126,838 | +€9,690 | +8.3% |
| Contributions | 10/11 | €8,184 | €8,184 | = | 0.0% |
| Reserves | 13 | €108,964 | €118,654 | +€9,690 | +8.9% |
| Tax-exempt reserves | 132 | €365 | €365 | = | 0.0% |
| Distributable reserves | 133 | €108,599 | €118,289 | +€9,690 | +8.9% |
| Amounts payable | 17/49 | €7,024 | €3,635 | -€3,390 | -48.3% |
| Amounts payable within one year | 42/48 | €7,024 | €3,635 | -€3,390 | -48.3% |
| Trade debts | 44 | €382 | €547 | +€166 | +43.4% |
| Suppliers | 440/4 | €382 | €547 | +€166 | +43.4% |
| Taxes, remuneration and social security | 45 | €4,539 | - | -€4,539 | |
| Taxes | 450/3 | €3,789 | - | -€3,789 | |
| Remuneration and social security | 454/9 | €750 | - | -€750 | |
| Other amounts payable | 47/48 | €2,104 | €3,088 | +€983 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,680 | €2,191 | +€511 | +30.4% |
| Other operating charges | 640/8 | €346 | €178 | -€168 | -48.6% |
| Gross operating margin | 9900 | €33,064 | €18,288 | -€14,776 | -44.7% |
| Operating profit (loss) | 9901 | €31,038 | €15,919 | -€15,119 | -48.7% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €1,199 | €1,221 | +€22 | +1.8% |
| Recurring financial charges | 65 | €1,199 | €1,221 | +€22 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €29,839 | €14,718 | -€15,121 | -50.7% |
| Income taxes | 67/77 | €9,814 | €5,028 | -€4,787 | -48.8% |
| Profit (loss) for the period | 9904 | €20,025 | €9,690 | -€10,335 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,025 | €9,690 | -€10,335 | -51.6% |
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 16 October 2026 via checked.be.