ONE TO BE: 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 TO BE
Largest movements
- Cash +€24,554
up €24,554 (+36.1%), from €67,943 to €92,497
mainly Trade debts (+€69,014) and Tax, wage and social debts (+€27,760)
- Receivables within one year -€17,864
down €17,864 (-11.9%), from €149,537 to €131,672
of which Trade receivables: -€24,077
- Stocks and contracts -€17,068
down €17,068 (-43.0%), from €39,719 to €22,652
- Deferred charges and accrued income -€10,497
down €10,497 (-81.3%), from €12,913 to €2,416
- Tangible fixed assets +€9,284
up €9,284 (+10.5%), from €88,523 to €97,807
of which Furniture and vehicles: +€15,942
- Profit (loss) carried forward -€100,361
down €100,361 (-2,146%), from -€4,677 to -€105,038
- Trade debts +€69,014
up €69,014 (+47.6%), from €144,946 to €213,960
- Tax, wage and social debts +€27,760
up €27,760 (+38.1%), from €72,932 to €100,692
of which Remuneration and social security: +€26,395
- Debts after one year -€6,340
down €6,340 (-12.4%), from €51,184 to €44,844
- Gross operating margin -€40,562
down €40,562 (-8.8%), from €461,417 to €420,854
- Staff costs +€35,722
up €35,722 (+7.8%), from €457,278 to €493,000
- Depreciation +€11,420
up €11,420 (+134%), from €8,553 to €19,973
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 | €359,135 | €347,544 | -€11,591 | -3.2% |
| Fixed assets | 21/28 | €89,023 | €98,307 | +€9,284 | +10.4% |
| Tangible fixed assets | 22/27 | €88,523 | €97,807 | +€9,284 | +10.5% |
| Plant, machinery and equipment | 23 | €59,352 | €52,694 | -€6,658 | -11.2% |
| Furniture and vehicles | 24 | €29,171 | €45,113 | +€15,942 | +54.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €270,112 | €249,238 | -€20,874 | -7.7% |
| Stocks and contracts in progress | 3 | €39,719 | €22,652 | -€17,068 | -43.0% |
| Stocks | 30/36 | €39,719 | €22,652 | -€17,068 | -43.0% |
| Amounts receivable within one year | 40/41 | €149,537 | €131,672 | -€17,864 | -11.9% |
| Trade receivables | 40 | €126,783 | €102,707 | -€24,077 | -19.0% |
| Other amounts receivable | 41 | €22,753 | €28,966 | +€6,212 | +27.3% |
| Cash at bank and in hand | 54/58 | €67,943 | €92,497 | +€24,554 | +36.1% |
| Deferred charges and accrued income | 490/1 | €12,913 | €2,416 | -€10,497 | -81.3% |
| Total equity and liabilities | 10/49 | €359,135 | €347,544 | -€11,591 | -3.2% |
| Equity | 10/15 | €85,574 | -€14,787 | -€100,361 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €71,659 | €71,659 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €71,659 | €71,659 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,677 | -€105,038 | -€100,361 | -2,146% |
| Amounts payable | 17/49 | €273,561 | €362,331 | +€88,770 | +32.4% |
| Amounts payable after more than one year | 17 | €51,184 | €44,844 | -€6,340 | -12.4% |
| Financial debts | 170/4 | €51,184 | €44,844 | -€6,340 | -12.4% |
| Amounts payable within one year | 42/48 | €222,377 | €317,487 | +€95,110 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €4,485 | €2,835 | -€1,649 | -36.8% |
| Trade debts | 44 | €144,946 | €213,960 | +€69,014 | +47.6% |
| Suppliers | 440/4 | €144,946 | €213,960 | +€69,014 | +47.6% |
| Taxes, remuneration and social security | 45 | €72,932 | €100,692 | +€27,760 | +38.1% |
| Taxes | 450/3 | €13,105 | €14,470 | +€1,365 | +10.4% |
| Remuneration and social security | 454/9 | €59,828 | €86,222 | +€26,395 | +44.1% |
| Other amounts payable | 47/48 | €14 | €0 | -€14 | -100% |
| Remuneration, social security and pensions | 62 | €457,278 | €493,000 | +€35,722 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,553 | €19,973 | +€11,420 | +134% |
| Other operating charges | 640/8 | €877 | €842 | -€35 | -4.0% |
| Gross operating margin | 9900 | €461,417 | €420,854 | -€40,562 | -8.8% |
| Operating profit (loss) | 9901 | -€5,291 | -€92,961 | -€87,669 | -1,657% |
| Financial income | 75/76B | €1,619 | €261 | -€1,358 | -83.9% |
| Recurring financial income | 75 | €1,619 | €261 | -€1,358 | -83.9% |
| Financial charges | 65/66B | €4,350 | €7,661 | +€3,312 | +76.1% |
| Recurring financial charges | 65 | €4,350 | €7,661 | +€3,312 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,022 | -€100,361 | -€92,339 | -1,151% |
| Income taxes | 67/77 | €160 | €0 | -€160 | -100.0% |
| Profit (loss) for the period | 9904 | -€8,183 | -€100,361 | -€92,178 | -1,127% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,183 | -€100,361 | -€92,178 | -1,127% |
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 20 October 2026 via checked.be.