ONETREE: 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.
ONETREE
Largest movements
- Tangible fixed assets +€192,735
up €192,735 (+6.5%), from €3.0m to €3.2m
of which Land and buildings: +€199,975
- Cash -€37,629
down €37,629 (-27.8%), from €135,401 to €97,772
mainly Investment in fixed assets (net) (-€396,417) and Receivables within one year (-€33,685)
- Receivables within one year +€33,685
up €33,685 (+928%), from €3,631 to €37,315
- Debts after one year +€94,602
up €94,602 (+4.4%), from €2.2m to €2.3m
- Trade debts +€45,500
up €45,500 (+13,786%), from €330 to €45,830
- Depreciation +€40,579
up €40,579 (+24.9%), from €163,103 to €203,682
- Gross operating margin -€12,898
down €12,898 (-4.1%), from €315,969 to €303,070
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 | €3,135,991 | €3,326,624 | +€190,633 | +6.1% |
| Fixed assets | 21/28 | €2,980,095 | €3,172,831 | +€192,735 | +6.5% |
| Tangible fixed assets | 22/27 | €2,980,095 | €3,172,831 | +€192,735 | +6.5% |
| Land and buildings | 22 | €2,971,352 | €3,171,327 | +€199,975 | +6.7% |
| Plant, machinery and equipment | 23 | €3,051 | €1,504 | -€1,547 | -50.7% |
| Furniture and vehicles | 24 | €5,693 | €0 | -€5,693 | -100% |
| Current assets | 29/58 | €155,895 | €153,793 | -€2,102 | -1.3% |
| Amounts receivable within one year | 40/41 | €3,631 | €37,315 | +€33,685 | +928% |
| Trade receivables | 40 | €3,631 | €37,315 | +€33,685 | +928% |
| Cash at bank and in hand | 54/58 | €135,401 | €97,772 | -€37,629 | -27.8% |
| Deferred charges and accrued income | 490/1 | €16,864 | €18,706 | +€1,842 | +10.9% |
| Total equity and liabilities | 10/49 | €3,135,991 | €3,326,624 | +€190,633 | +6.1% |
| Equity | 10/15 | €433,440 | €430,220 | -€3,220 | -0.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €133,440 | €130,220 | -€3,220 | -2.4% |
| Distributable reserves | 133 | €133,440 | €130,220 | -€3,220 | -2.4% |
| Amounts payable | 17/49 | €2,702,551 | €2,896,404 | +€193,853 | +7.2% |
| Amounts payable after more than one year | 17 | €2,162,213 | €2,256,815 | +€94,602 | +4.4% |
| Financial debts | 170/4 | €2,162,213 | €2,256,815 | +€94,602 | +4.4% |
| Amounts payable within one year | 42/48 | €540,338 | €637,714 | +€97,376 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €157,699 | €184,913 | +€27,214 | +17.3% |
| Trade debts | 44 | €330 | €45,830 | +€45,500 | +13,786% |
| Suppliers | 440/4 | €330 | €45,830 | +€45,500 | +13,786% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,073 | €17,229 | +€3,156 | +22.4% |
| Taxes | 450/3 | €14,073 | €17,229 | +€3,156 | +22.4% |
| Other amounts payable | 47/48 | €368,235 | €389,742 | +€21,507 | +5.8% |
| Accrued charges and deferred income | 492/3 | - | €1,875 | +€1,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,103 | €203,682 | +€40,579 | +24.9% |
| Other operating charges | 640/8 | €31,473 | €32,930 | +€1,456 | +4.6% |
| Gross operating margin | 9900 | €315,969 | €303,070 | -€12,898 | -4.1% |
| Operating profit (loss) | 9901 | €121,393 | €66,459 | -€54,934 | -45.3% |
| Financial income | 75/76B | €79 | €0 | -€79 | -100% |
| Recurring financial income | 75 | €79 | €0 | -€79 | -100% |
| Financial charges | 65/66B | €69,085 | €69,532 | +€447 | +0.6% |
| Recurring financial charges | 65 | €69,085 | €69,532 | +€447 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €52,388 | -€3,073 | -€55,460 | |
| Income taxes | 67/77 | €140 | €148 | +€8 | +5.4% |
| Profit (loss) for the period | 9904 | €52,248 | -€3,220 | -€55,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,248 | -€3,220 | -€55,468 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.