ONE TWO CONCEPT: 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 TWO CONCEPT
Largest movements
- Cash +€92,378
up €92,378 (+101.6%), from €90,956 to €183,334
mainly Net result for the year (+€177,605) and Debts after one year (+€70,473)
- Tangible fixed assets +€9,540
up €9,540 (+156.5%), from €6,096 to €15,636
of which Plant, machinery and equipment: +€7,029
- Intangible fixed assets -€9,411
down €9,411 (-3.5%), from €271,663 to €262,252
- Reserves +€180,265
up €180,265 (+83.1%), from €216,860 to €397,125
of which Distributable reserves: +€180,265
- Short-term financial debts -€175,000
down €175,000 (-100.0%), from €175,000 to €0
- Debts after one year +€70,473
new in 2025: €70,473
- Accrued charges and deferred income +€16,928
new in 2025: €16,928
- Other debts -€14,379
down €14,379 (-80.9%), from €17,767 to €3,388
- Gross operating margin +€105,502
up €105,502 (+38.2%), from €276,243 to €381,745
- Staff costs -€32,735
down €32,735 (-22.5%), from €145,460 to €112,726
- Taxes +€17,779
up €17,779 (+5609.6%), from €317 to €18,095
- Depreciation +€4,211
up €4,211 (+8.6%), from €48,857 to €53,068
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 | €554,386 | €649,303 | +€94,917 | +17.1% |
| Fixed assets | 21/28 | €277,759 | €277,888 | +€129 | 0.0% |
| Intangible fixed assets | 21 | €271,663 | €262,252 | -€9,411 | -3.5% |
| Tangible fixed assets | 22/27 | €6,096 | €15,636 | +€9,540 | +156.5% |
| Plant, machinery and equipment | 23 | €6,096 | €13,125 | +€7,029 | +115.3% |
| Furniture and vehicles | 24 | - | €2,512 | +€2,512 | |
| Current assets | 29/58 | €276,628 | €371,415 | +€94,788 | +34.3% |
| Stocks and contracts in progress | 3 | €41,930 | €46,550 | +€4,619 | +11.0% |
| Stocks | 30/36 | €41,930 | €46,550 | +€4,619 | +11.0% |
| Amounts receivable within one year | 40/41 | €133,262 | €132,131 | -€1,131 | -0.8% |
| Trade receivables | 40 | €133,262 | €126,537 | -€6,725 | -5.0% |
| Other amounts receivable | 41 | - | €5,594 | +€5,594 | |
| Cash at bank and in hand | 54/58 | €90,956 | €183,334 | +€92,378 | +101.6% |
| Deferred charges and accrued income | 490/1 | €10,479 | €9,400 | -€1,078 | -10.3% |
| Total equity and liabilities | 10/49 | €554,386 | €649,303 | +€94,917 | +17.1% |
| Equity | 10/15 | €238,121 | €415,725 | +€177,605 | +74.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €216,860 | €397,125 | +€180,265 | +83.1% |
| 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 | €215,000 | €395,265 | +€180,265 | +83.8% |
| Profit (loss) carried forward | 14 | €2,661 | €0 | -€2,661 | -100.0% |
| Amounts payable | 17/49 | €316,266 | €233,578 | -€82,688 | -26.1% |
| Amounts payable after more than one year | 17 | - | €70,473 | +€70,473 | |
| Financial debts | 170/4 | - | €70,473 | +€70,473 | |
| Amounts payable within one year | 42/48 | €316,266 | €146,177 | -€170,088 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €5,217 | €18,860 | +€13,644 | +261.6% |
| Financial debts | 43 | €175,000 | €0 | -€175,000 | -100.0% |
| Credit institutions | 430/8 | €175,000 | €0 | -€175,000 | -100.0% |
| Trade debts | 44 | €67,771 | €67,600 | -€171 | -0.3% |
| Suppliers | 440/4 | €67,771 | €67,600 | -€171 | -0.3% |
| Taxes, remuneration and social security | 45 | €50,511 | €56,329 | +€5,818 | +11.5% |
| Taxes | 450/3 | €7,533 | €26,161 | +€18,627 | +247.3% |
| Remuneration and social security | 454/9 | €42,977 | €30,168 | -€12,809 | -29.8% |
| Other amounts payable | 47/48 | €17,767 | €3,388 | -€14,379 | -80.9% |
| Accrued charges and deferred income | 492/3 | - | €16,928 | +€16,928 | |
| Non-recurring operating income | 76A | - | €26,498 | +€26,498 | |
| Remuneration, social security and pensions | 62 | €145,460 | €112,726 | -€32,735 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,857 | €53,068 | +€4,211 | +8.6% |
| Other operating charges | 640/8 | €1,353 | €1,400 | +€47 | +3.5% |
| Non-recurring operating charges | 66A | - | €6,545 | +€6,545 | |
| Gross operating margin | 9900 | €276,243 | €381,745 | +€105,502 | +38.2% |
| Operating profit (loss) | 9901 | €80,573 | €208,006 | +€127,433 | +158.2% |
| Financial income | 75/76B | €1,087 | €458 | -€628 | -57.8% |
| Recurring financial income | 75 | €1,087 | €458 | -€628 | -57.8% |
| Financial charges | 65/66B | €15,751 | €12,764 | -€2,987 | -19.0% |
| Recurring financial charges | 65 | €15,751 | €12,764 | -€2,987 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €65,908 | €195,700 | +€129,792 | +196.9% |
| Income taxes | 67/77 | €317 | €18,095 | +€17,779 | +5609.6% |
| Profit (loss) for the period | 9904 | €65,591 | €177,605 | +€112,013 | +170.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,591 | €177,605 | +€112,013 | +170.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.