ONEX: 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.
ONEX
Largest movements
- Current investments +€72,000
up €72,000 (+13.8%), from €520,000 to €592,000
- Cash -€36,733
down €36,733 (-41.3%), from €88,838 to €52,105
mainly Current investments (-€72,000) and Contributions, distributions and other (-€54,333)
- Tangible fixed assets -€11,119
down €11,119 (-36.4%), from €30,535 to €19,416
of which Furniture and vehicles: -€10,605
- Receivables within one year +€8,890
up €8,890 (+67.3%), from €13,211 to €22,101
of which Trade receivables: +€9,000
- Reserves +€36,039
up €36,039 (+6.5%), from €550,746 to €586,786
- Financial income +€14,822
up €14,822 (+3399.3%), from €436 to €15,258
- Taxes +€6,057
up €6,057 (+19.5%), from €31,130 to €37,187
- Gross operating margin +€3,403
up €3,403 (+2.7%), from €125,368 to €128,771
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 | €655,061 | €688,809 | +€33,747 | +5.2% |
| Fixed assets | 21/28 | €30,535 | €19,416 | -€11,119 | -36.4% |
| Tangible fixed assets | 22/27 | €30,535 | €19,416 | -€11,119 | -36.4% |
| Furniture and vehicles | 24 | €28,699 | €18,094 | -€10,605 | -37.0% |
| Other tangible fixed assets | 26 | €1,836 | €1,322 | -€514 | -28.0% |
| Current assets | 29/58 | €624,526 | €669,392 | +€44,866 | +7.2% |
| Amounts receivable within one year | 40/41 | €13,211 | €22,101 | +€8,890 | +67.3% |
| Trade receivables | 40 | - | €9,000 | +€9,000 | |
| Other amounts receivable | 41 | €13,211 | €13,101 | -€110 | -0.8% |
| Current investments | 50/53 | €520,000 | €592,000 | +€72,000 | +13.8% |
| Cash at bank and in hand | 54/58 | €88,838 | €52,105 | -€36,733 | -41.3% |
| Deferred charges and accrued income | 490/1 | €2,477 | €3,186 | +€710 | +28.7% |
| Total equity and liabilities | 10/49 | €655,061 | €688,809 | +€33,747 | +5.2% |
| Equity | 10/15 | €587,946 | €623,986 | +€36,039 | +6.1% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €550,746 | €586,786 | +€36,039 | +6.5% |
| Distributable reserves | 133 | €550,746 | €586,786 | +€36,039 | +6.5% |
| Amounts payable | 17/49 | €67,115 | €64,823 | -€2,292 | -3.4% |
| Amounts payable within one year | 42/48 | €67,073 | €64,823 | -€2,250 | -3.4% |
| Trade debts | 44 | €591 | €5,734 | +€5,144 | +870.6% |
| Suppliers | 440/4 | €591 | €5,734 | +€5,144 | +870.6% |
| Taxes, remuneration and social security | 45 | €34,296 | €29,649 | -€4,648 | -13.6% |
| Taxes | 450/3 | €34,296 | €27,685 | -€6,611 | -19.3% |
| Remuneration and social security | 454/9 | - | €1,964 | +€1,964 | |
| Other amounts payable | 47/48 | €32,186 | €29,440 | -€2,746 | -8.5% |
| Accrued charges and deferred income | 492/3 | €42 | - | -€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,059 | €15,464 | -€595 | -3.7% |
| Other operating charges | 640/8 | €904 | €932 | +€28 | +3.1% |
| Non-recurring operating charges | 66A | €116 | €0 | -€116 | -100.0% |
| Gross operating margin | 9900 | €125,368 | €128,771 | +€3,403 | +2.7% |
| Operating profit (loss) | 9901 | €108,289 | €112,375 | +€4,086 | +3.8% |
| Financial income | 75/76B | €436 | €15,258 | +€14,822 | +3399.3% |
| Recurring financial income | 75 | €436 | €15,258 | +€14,822 | +3399.3% |
| Financial charges | 65/66B | €34 | €73 | +€40 | +118.3% |
| Recurring financial charges | 65 | €34 | €73 | +€40 | +118.3% |
| Profit (loss) for the period before taxes | 9903 | €108,691 | €127,559 | +€18,868 | +17.4% |
| Income taxes | 67/77 | €31,130 | €37,187 | +€6,057 | +19.5% |
| Profit (loss) for the period | 9904 | €77,561 | €90,372 | +€12,811 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,561 | €90,372 | +€12,811 | +16.5% |
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 30 September 2026 via checked.be.