ONE WAY EXPRESS: 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 WAY EXPRESS
Largest movements
- Cash +€105,228
up €105,228 (+188%), from €55,933 to €161,161
mainly Depreciation (+€113,641) and Net result for the year (+€44,067)
- Tangible fixed assets -€99,002
down €99,002 (-20.3%), from €488,027 to €389,025
- Reserves +€44,067
up €44,067 (+12.1%), from €362,742 to €406,809
- Debts after one year -€41,985
down €41,985 (-14.0%), from €299,440 to €257,455
- Trade debts +€34,527
up €34,527 (+190%), from €18,163 to €52,690
- Short-term financial debts -€26,883
down €26,883 (-84.1%), from €31,953 to €5,070
- Current portion of long-term debt -€20,970
down €20,970 (-24.5%), from €85,685 to €64,715
- Gross operating margin +€75,486
up €75,486 (+10.6%), from €709,044 to €784,531
- Staff costs +€42,463
up €42,463 (+10.0%), from €424,634 to €467,097
- Depreciation -€23,665
down €23,665 (-17.2%), from €137,306 to €113,641
- Other operating charges +€15,719
up €15,719 (+14.7%), from €107,119 to €122,838
- Taxes +€10,237
up €10,237 (+106%), from €9,675 to €19,912
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 | €836,487 | €846,589 | +€10,102 | +1.2% |
| Fixed assets | 21/28 | €488,428 | €389,426 | -€99,002 | -20.3% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €488,027 | €389,025 | -€99,002 | -20.3% |
| Land and buildings | 22 | €214,208 | €205,174 | -€9,035 | -4.2% |
| Plant, machinery and equipment | 23 | €38,880 | €35,673 | -€3,207 | -8.2% |
| Furniture and vehicles | 24 | €122,136 | €81,484 | -€40,652 | -33.3% |
| Leasing and similar rights | 25 | €112,802 | €66,695 | -€46,108 | -40.9% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €348,058 | €457,163 | +€109,105 | +31.3% |
| Amounts receivable within one year | 40/41 | €291,710 | €295,424 | +€3,714 | +1.3% |
| Trade receivables | 40 | €230,170 | €260,129 | +€29,958 | +13.0% |
| Other amounts receivable | 41 | €61,540 | €35,296 | -€26,244 | -42.6% |
| Cash at bank and in hand | 54/58 | €55,933 | €161,161 | +€105,228 | +188% |
| Deferred charges and accrued income | 490/1 | €415 | €578 | +€163 | +39.2% |
| Total equity and liabilities | 10/49 | €836,487 | €846,589 | +€10,102 | +1.2% |
| Equity | 10/15 | €382,742 | €426,809 | +€44,067 | +11.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €362,742 | €406,809 | +€44,067 | +12.1% |
| Distributable reserves | 133 | €362,742 | €406,809 | +€44,067 | +12.1% |
| Amounts payable | 17/49 | €453,745 | €419,780 | -€33,964 | -7.5% |
| Amounts payable after more than one year | 17 | €299,440 | €257,455 | -€41,985 | -14.0% |
| Financial debts | 170/4 | €299,440 | €257,455 | -€41,985 | -14.0% |
| Amounts payable within one year | 42/48 | €154,305 | €160,075 | +€5,771 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €85,685 | €64,715 | -€20,970 | -24.5% |
| Financial debts | 43 | €31,953 | €5,070 | -€26,883 | -84.1% |
| Credit institutions | 430/8 | €31,953 | €5,070 | -€26,883 | -84.1% |
| Trade debts | 44 | €18,163 | €52,690 | +€34,527 | +190% |
| Suppliers | 440/4 | €18,163 | €52,690 | +€34,527 | +190% |
| Taxes, remuneration and social security | 45 | €18,503 | €37,600 | +€19,097 | +103% |
| Taxes | 450/3 | €5,326 | €22,949 | +€17,623 | +331% |
| Remuneration and social security | 454/9 | €13,177 | €14,651 | +€1,474 | +11.2% |
| Accrued charges and deferred income | 492/3 | - | €2,250 | +€2,250 | |
| Remuneration, social security and pensions | 62 | €424,634 | €467,097 | +€42,463 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,306 | €113,641 | -€23,665 | -17.2% |
| Other operating charges | 640/8 | €107,119 | €122,838 | +€15,719 | +14.7% |
| Gross operating margin | 9900 | €709,044 | €784,531 | +€75,486 | +10.6% |
| Operating profit (loss) | 9901 | €39,985 | €80,955 | +€40,970 | +102% |
| Financial income | 75/76B | €131 | €638 | +€507 | +386% |
| Recurring financial income | 75 | €131 | €638 | +€507 | +386% |
| Financial charges | 65/66B | €19,816 | €17,614 | -€2,202 | -11.1% |
| Recurring financial charges | 65 | €19,816 | €17,614 | -€2,202 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €20,300 | €63,979 | +€43,679 | +215% |
| Income taxes | 67/77 | €9,675 | €19,912 | +€10,237 | +106% |
| Profit (loss) for the period | 9904 | €10,624 | €44,067 | +€33,442 | +315% |
| Profit (loss) for the period to be appropriated | 9905 | €10,624 | €44,067 | +€33,442 | +315% |
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 30 October 2026 via checked.be.