ONETWO: 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.
ONETWO
Largest movements
- Cash +€22,921
up €22,921 (+47.5%), from €48,285 to €71,206
mainly Net result for the year (+€59,775) and Depreciation (+€17,333)
- Tangible fixed assets -€10,966
down €10,966 (-10.8%), from €101,961 to €90,996
of which Land and buildings: -€13,063
- Receivables within one year -€8,380
down €8,380 (-19.0%), from €44,039 to €35,659
of which Trade receivables: -€4,883
- Stocks and contracts +€2,512
up €2,512 (+10.3%), from €24,401 to €26,913
- Profit (loss) carried forward +€50,398
no longer reported in 2026 (was -€50,398)
- Debts after one year -€36,819
down €36,819 (-56.3%), from €65,385 to €28,566
- Current portion of long-term debt -€18,143
down €18,143 (-33.0%), from €54,962 to €36,819
- Tax, wage and social debts +€12,065
up €12,065 (+91.5%), from €13,190 to €25,255
of which Taxes: +€10,922
- Trade debts -€10,968
down €10,968 (-50.8%), from €21,606 to €10,638
- Depreciation -€30,020
down €30,020 (-63.4%), from €47,353 to €17,333
- Gross operating margin +€27,507
up €27,507 (+16.3%), from €168,478 to €195,985
- Financial charges +€24,601
up €24,601 (+577%), from €4,267 to €28,868
of which Non-recurring financial charges: +€25,425
- Taxes +€10,271
new in 2026: €10,271
- Staff costs -€5,522
down €5,522 (-6.8%), from €81,052 to €75,530
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,513 | €236,593 | +€6,080 | +2.6% |
| Fixed assets | 21/28 | €110,949 | €99,983 | -€10,966 | -9.9% |
| Tangible fixed assets | 22/27 | €101,961 | €90,996 | -€10,966 | -10.8% |
| Land and buildings | 22 | €92,028 | €78,965 | -€13,063 | -14.2% |
| Plant, machinery and equipment | 23 | €9,933 | €12,031 | +€2,098 | +21.1% |
| Financial fixed assets | 28 | €8,988 | €8,988 | = | 0.0% |
| Current assets | 29/58 | €119,564 | €136,610 | +€17,045 | +14.3% |
| Stocks and contracts in progress | 3 | €24,401 | €26,913 | +€2,512 | +10.3% |
| Stocks | 30/36 | €24,401 | €26,913 | +€2,512 | +10.3% |
| Amounts receivable within one year | 40/41 | €44,039 | €35,659 | -€8,380 | -19.0% |
| Trade receivables | 40 | €25,461 | €20,578 | -€4,883 | -19.2% |
| Other amounts receivable | 41 | €18,577 | €15,081 | -€3,496 | -18.8% |
| Cash at bank and in hand | 54/58 | €48,285 | €71,206 | +€22,921 | +47.5% |
| Deferred charges and accrued income | 490/1 | €2,839 | €2,831 | -€8 | -0.3% |
| Total equity and liabilities | 10/49 | €230,513 | €236,593 | +€6,080 | +2.6% |
| Equity | 10/15 | -€9,398 | €50,377 | +€59,775 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €21,000 | €30,377 | +€9,377 | +44.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €28,377 | +€9,377 | +49.4% |
| Profit (loss) carried forward | 14 | -€50,398 | - | +€50,398 | |
| Amounts payable | 17/49 | €239,911 | €186,216 | -€53,695 | -22.4% |
| Amounts payable after more than one year | 17 | €65,385 | €28,566 | -€36,819 | -56.3% |
| Financial debts | 170/4 | €65,385 | €28,566 | -€36,819 | -56.3% |
| Amounts payable within one year | 42/48 | €174,526 | €157,650 | -€16,876 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €54,962 | €36,819 | -€18,143 | -33.0% |
| Trade debts | 44 | €21,606 | €10,638 | -€10,968 | -50.8% |
| Suppliers | 440/4 | €21,606 | €10,638 | -€10,968 | -50.8% |
| Taxes, remuneration and social security | 45 | €13,190 | €25,255 | +€12,065 | +91.5% |
| Taxes | 450/3 | €6,123 | €17,046 | +€10,922 | +178% |
| Remuneration and social security | 454/9 | €7,066 | €8,209 | +€1,143 | +16.2% |
| Other amounts payable | 47/48 | €84,768 | €84,938 | +€170 | +0.2% |
| Remuneration, social security and pensions | 62 | €81,052 | €75,530 | -€5,522 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,353 | €17,333 | -€30,020 | -63.4% |
| Other operating charges | 640/8 | €4,767 | €4,967 | +€199 | +4.2% |
| Gross operating margin | 9900 | €168,478 | €195,985 | +€27,507 | +16.3% |
| Operating profit (loss) | 9901 | €35,306 | €98,156 | +€62,851 | +178% |
| Financial income | 75/76B | €950 | €758 | -€192 | -20.2% |
| Recurring financial income | 75 | €950 | €758 | -€192 | -20.2% |
| Financial charges | 65/66B | €4,267 | €28,868 | +€24,601 | +577% |
| Recurring financial charges | 65 | €4,267 | €3,444 | -€823 | -19.3% |
| Non-recurring financial charges | 66B | - | €25,425 | +€25,425 | |
| Profit (loss) for the period before taxes | 9903 | €31,988 | €70,046 | +€38,058 | +119% |
| Income taxes | 67/77 | - | €10,271 | +€10,271 | |
| Profit (loss) for the period | 9904 | €31,988 | €59,775 | +€27,786 | +86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,988 | €59,775 | +€27,786 | +86.9% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.