ONESPAN: 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.
What changed
ONESPAN
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €5.0m-€2.4m
Equity
€1.3m
2024 · €19.7m-€18.4m
Cash
€20.6m
2024 · €25.5m-€4.9m
Balance sheet total
€49.8m
2024 · €58.2m-€8.5m
Largest movements
Assets
- Cash -€4.9m
down €4.9m (-19.3%), from €25.5m to €20.6m
mainly Contributions, distributions and other (-€21.0m) and Trade debts (-€5.9m)
- Receivables within one year -€2.9m
down €2.9m (-9.8%), from €29.2m to €26.3m
of which Trade receivables: -€2.8m
Equity and liabilities
- Other debts +€19.0m
new in 2025: €19.0m
- Profit (loss) carried forward -€18.4m
down €18.4m (-100.0%), from €18.4m to €2,626
- Trade debts -€5.9m
down €5.9m (-27.3%), from €21.5m to €15.6m
- Accrued charges and deferred income -€3.7m
down €3.7m (-27.3%), from €13.7m to €9.9m
Income statement
- Financial charges +€6.8m
up €6.8m (+85.8%), from €7.9m to €14.7m
- Financial income +€6.1m
up €6.1m (+77.7%), from €7.9m to €14.0m
- Goods and materials -€5.9m
down €5.9m (-7.0%), from €84.3m to €78.4m
- Turnover -€5.8m
down €5.8m (-6.3%), from €93.0m to €87.1m
- Taxes +€1.3m
up €1.3m, from -€427,943 to €869,075
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.
Result 2024
€5.0m
Turnover
-€5.8m
Other operating income
-€555,869
Goods and materials
+€5.9m
Services and other goods
+€283,310
Staff costs
-€611,000
Depreciation
+€73,652
Other operating charges
+€343,938
Other operating items
-€1,021
Financial income
+€6.1m
Financial charges
-€6.8m
Taxes
-€1.3m
Result 2025
€2.6m
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.
From operations
+€16.3m
Investment
-€267,360
Financing
-€21.0m
Cash 2024
€25.5m
From operations (derived)
+€16.3m
Net result for the year
+€2.6m
Depreciation
+€830,136
Receivables within one year
+€2.9m
Deferred charges and accrued income
+€96,300
Trade debts
-€5.9m
Tax, wage and social debts
+€524,868
Other debts
+€19.0m
Accrued charges and deferred income
-€3.7m
Investment (derived)
-€267,360
Investment in fixed assets (net)
-€267,360
Financing
-€21.0m
Contributions, distributions and other
-€21.0m
Cash 2025
€20.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,228,044 | €49,772,730 | -€8.5m | -14.5% |
| Fixed assets | 21/28 | €2,416,455 | €1,853,679 | -€562,776 | -23.3% |
| Intangible fixed assets | 21 | €269,820 | €245,893 | -€23,928 | -8.9% |
| Tangible fixed assets | 22/27 | €2,146,595 | €1,607,747 | -€538,848 | -25.1% |
| Plant, machinery and equipment | 23 | €389,677 | €252,366 | -€137,311 | -35.2% |
| Furniture and vehicles | 24 | €517,582 | €369,085 | -€148,497 | -28.7% |
| Other tangible fixed assets | 26 | €1,239,337 | €986,296 | -€253,040 | -20.4% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Other financial fixed assets | 284/8 | €40 | €40 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €55,811,589 | €47,919,051 | -€7.9m | -14.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €29,177,616 | €26,316,299 | -€2.9m | -9.8% |
| Trade receivables | 40 | €29,154,461 | €26,316,299 | -€2.8m | -9.7% |
| Other amounts receivable | 41 | €23,154 | €0 | -€23,154 | -100.0% |
| Cash at bank and in hand | 54/58 | €25,547,195 | €20,612,274 | -€4.9m | -19.3% |
| Deferred charges and accrued income | 490/1 | €1,086,778 | €990,478 | -€96,300 | -8.9% |
| Total equity and liabilities | 10/49 | €58,228,044 | €49,772,730 | -€8.5m | -14.5% |
| Equity | 10/15 | €19,687,945 | €1,329,276 | -€18.4m | -93.2% |
| Contributions | 10/11 | €1,075,000 | €1,075,000 | = | 0.0% |
| Capital | 10 | €1,075,000 | €1,075,000 | = | 0.0% |
| Issued capital | 100 | €1,075,000 | €1,075,000 | = | 0.0% |
| Reserves | 13 | €251,650 | €251,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €107,500 | €107,500 | = | 0.0% |
| Legal reserve | 130 | €107,500 | €107,500 | = | 0.0% |
| Distributable reserves | 133 | €144,150 | €144,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,361,294 | €2,626 | -€18.4m | -100.0% |
| Amounts payable | 17/49 | €38,540,099 | €48,443,453 | +€9.9m | +25.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €24,857,087 | €38,494,223 | +€13.6m | +54.9% |
| Trade debts | 44 | €21,473,774 | €15,611,042 | -€5.9m | -27.3% |
| Suppliers | 440/4 | €21,473,774 | €15,611,042 | -€5.9m | -27.3% |
| Taxes, remuneration and social security | 45 | €3,383,313 | €3,908,181 | +€524,868 | +15.5% |
| Taxes | 450/3 | €239,717 | €536,709 | +€296,992 | +123.9% |
| Remuneration and social security | 454/9 | €3,143,596 | €3,371,473 | +€227,877 | +7.2% |
| Other amounts payable | 47/48 | - | €18,975,000 | +€19.0m | |
| Accrued charges and deferred income | 492/3 | €13,683,012 | €9,949,230 | -€3.7m | -27.3% |
| Operating income | 70/76A | €121,052,767 | €114,656,976 | -€6.4m | -5.3% |
| Turnover | 70 | €92,969,859 | €87,129,937 | -€5.8m | -6.3% |
| Other operating income | 74 | €28,082,908 | €27,527,039 | -€555,869 | -2.0% |
| Operating charges | 60/66A | €116,439,096 | €110,491,146 | -€5.9m | -5.1% |
| Goods for resale, raw materials and consumables | 60 | €84,302,134 | €78,443,062 | -€5.9m | -7.0% |
| Purchases | 600/8 | €84,302,134 | €78,443,062 | -€5.9m | -7.0% |
| Services and other goods | 61 | €11,589,052 | €11,305,743 | -€283,310 | -2.4% |
| Remuneration, social security and pensions | 62 | €18,698,859 | €19,309,859 | +€611,000 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €903,788 | €830,136 | -€73,652 | -8.1% |
| Other operating charges | 640/8 | €917,359 | €573,421 | -€343,938 | -37.5% |
| Non-recurring operating charges | 66A | €27,904 | €28,926 | +€1,021 | +3.7% |
| Operating profit (loss) | 9901 | €4,613,672 | €4,165,829 | -€447,842 | -9.7% |
| Financial income | 75/76B | €7,878,910 | €13,999,934 | +€6.1m | +77.7% |
| Recurring financial income | 75 | €7,878,910 | €13,999,934 | +€6.1m | +77.7% |
| Income from financial fixed assets | 750 | €278,419 | €351,628 | +€73,210 | +26.3% |
| Other financial income | 752/9 | €7,600,492 | €13,648,305 | +€6.0m | +79.6% |
| Financial charges | 65/66B | €7,900,908 | €14,680,356 | +€6.8m | +85.8% |
| Recurring financial charges | 65 | €7,900,908 | €14,680,356 | +€6.8m | +85.8% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €7,900,908 | €14,680,356 | +€6.8m | +85.8% |
| Profit (loss) for the period before taxes | 9903 | €4,591,674 | €3,485,407 | -€1.1m | -24.1% |
| Income taxes | 67/77 | -€427,943 | €869,075 | +€1.3m | |
| Taxes | 670/3 | €975,754 | €869,075 | -€106,679 | -10.9% |
| Tax adjustments and reversals of tax provisions | 77 | €1,403,697 | €0 | -€1.4m | -100.0% |
| Profit (loss) for the period | 9904 | €5,019,617 | €2,616,332 | -€2.4m | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,019,617 | €2,616,332 | -€2.4m | -47.9% |
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 4 October 2026 via checked.be.