ONE TWO ONE TWO: 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 ONE TWO
Largest movements
- Cash -€24,299
down €24,299 (-81.8%), from €29,692 to €5,393
mainly Tax, wage and social debts (-€11,569) and Other debts (-€10,077)
- Receivables within one year +€6,615
up €6,615 (+1779.8%), from €372 to €6,987
- Tangible fixed assets -€916
down €916 (-8.5%), from €10,806 to €9,890
- Tax, wage and social debts -€11,569
no longer reported in 2025 (was €11,569)
- Other debts -€10,077
no longer reported in 2025 (was €10,077)
- Profit (loss) carried forward +€3,176
up €3,176 (+18.0%), from €17,613 to €20,789
- Gross operating margin -€29,722
down €29,722 (-55.2%), from €53,839 to €24,117
- Taxes -€7,713
down €7,713 (-63.2%), from €12,213 to €4,500
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 | €41,119 | €22,649 | -€18,470 | -44.9% |
| Fixed assets | 21/28 | €10,806 | €9,890 | -€916 | -8.5% |
| Tangible fixed assets | 22/27 | €10,806 | €9,890 | -€916 | -8.5% |
| Furniture and vehicles | 24 | €10,806 | €9,890 | -€916 | -8.5% |
| Current assets | 29/58 | €30,313 | €12,760 | -€17,554 | -57.9% |
| Amounts receivable within one year | 40/41 | €372 | €6,987 | +€6,615 | +1779.8% |
| Other amounts receivable | 41 | €372 | €6,987 | +€6,615 | +1779.8% |
| Cash at bank and in hand | 54/58 | €29,692 | €5,393 | -€24,299 | -81.8% |
| Deferred charges and accrued income | 490/1 | €250 | €380 | +€130 | +52.0% |
| Total equity and liabilities | 10/49 | €41,119 | €22,649 | -€18,470 | -44.9% |
| Equity | 10/15 | €19,473 | €22,649 | +€3,176 | +16.3% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,613 | €20,789 | +€3,176 | +18.0% |
| Amounts payable | 17/49 | €21,646 | - | -€21,646 | |
| Amounts payable within one year | 42/48 | €21,646 | - | -€21,646 | |
| Taxes, remuneration and social security | 45 | €11,569 | - | -€11,569 | |
| Taxes | 450/3 | €11,569 | - | -€11,569 | |
| Other amounts payable | 47/48 | €10,077 | - | -€10,077 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,518 | €6,354 | -€163 | -2.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €53,839 | €24,117 | -€29,722 | -55.2% |
| Operating profit (loss) | 9901 | €46,934 | €17,363 | -€29,571 | -63.0% |
| Financial income | 75/76B | €8 | €142 | +€135 | +1736.1% |
| Recurring financial income | 75 | €8 | €142 | +€135 | +1736.1% |
| Financial charges | 65/66B | €314 | €329 | +€15 | +4.8% |
| Recurring financial charges | 65 | €314 | €329 | +€15 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €46,628 | €17,177 | -€29,451 | -63.2% |
| Income taxes | 67/77 | €12,213 | €4,500 | -€7,713 | -63.2% |
| Profit (loss) for the period | 9904 | €34,415 | €12,676 | -€21,738 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,415 | €12,676 | -€21,738 | -63.2% |
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 6 October 2026 via checked.be.