THE ONE OFFICE: 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.
What changed
THE ONE OFFICE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.3m
2024 · €2.5m+€765,162
Equity
€6.9m
2024 · €6.8m+€68,081
Cash
€46.9m
2024 · €42.1m+€4.7m
Balance sheet total
€122.6m
2024 · €121.7m+€868,029
Largest movements
Assets
- Cash +€4.7m
up €4.7m (+11.2%), from €42.1m to €46.9m
mainly Debts after one year (+€86.0m) and Depreciation (+€3.4m)
- Tangible fixed assets -€3.3m
down €3.3m (-4.7%), from €70.7m to €67.4m
of which Land and buildings: -€3.3m
Equity and liabilities
- Debts after one year +€86.0m
up €86.0m, from €0 to €86.0m
- Current portion of long-term debt -€86.0m
down €86.0m (-85.1%), from €101.0m to €15.0m
Income statement
- Financial charges -€956,705
down €956,705 (-22.9%), from €4.2m to €3.2m
- Financial income -€390,691
down €390,691 (-32.9%), from €1.2m to €795,038
- Turnover +€362,040
up €362,040 (+3.4%), from €10.6m to €11.0m
- Taxes +€255,480
up €255,480 (+30.7%), from €832,961 to €1.1m
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
€2.5m
Turnover
+€362,040
Other operating income
-€6,735
Services and other goods
+€93,661
Depreciation
-€1,043
Other operating charges
+€6,704
Financial income
-€390,691
Financial charges
+€956,705
Taxes
-€255,480
Result 2025
€3.3m
raises the resultlowers the result
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.
From operations
+€8.0m
Investment
-€36,892
Financing
-€3.2m
Cash 2024
€42.1m
From operations (derived)
+€8.0m
Net result for the year
+€3.3m
Depreciation
+€3.4m
Smaller working-capital items
-€128,778
Deferred charges and accrued income
+€631,401
Other debts
+€822,412
Investment (derived)
-€36,892
Investment in fixed assets (net)
-€36,892
Financing
-€3.2m
Debts after one year
+€86.0m
Current portion of long-term debt
-€86.0m
Contributions, distributions and other
-€3.2m
Cash 2025
€46.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,745,327 | €122,613,356 | +€868,029 | +0.7% |
| Fixed assets | 21/28 | €70,746,357 | €67,415,108 | -€3.3m | -4.7% |
| Tangible fixed assets | 22/27 | €70,746,357 | €67,415,108 | -€3.3m | -4.7% |
| Land and buildings | 22 | €70,742,961 | €67,412,120 | -€3.3m | -4.7% |
| Plant, machinery and equipment | 23 | €3,396 | €2,988 | -€408 | -12.0% |
| Current assets | 29/58 | €50,998,970 | €55,198,248 | +€4.2m | +8.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €68,214 | €174,527 | +€106,313 | +156% |
| Other amounts receivable | 41 | €68,214 | €174,527 | +€106,313 | +156% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €42,149,904 | €46,874,269 | +€4.7m | +11.2% |
| Deferred charges and accrued income | 490/1 | €8,780,853 | €8,149,452 | -€631,401 | -7.2% |
| Total equity and liabilities | 10/49 | €121,745,327 | €122,613,356 | +€868,029 | +0.7% |
| Equity | 10/15 | €6,818,819 | €6,886,900 | +€68,081 | +1.0% |
| Contributions | 10/11 | €6,260,818 | €6,260,818 | = | 0.0% |
| Capital | 10 | €6,260,818 | €6,260,818 | = | 0.0% |
| Issued capital | 100 | €6,260,818 | €6,260,818 | = | 0.0% |
| Reserves | 13 | €558,000 | €626,082 | +€68,081 | +12.2% |
| Non-distributable reserves | 130/1 | €558,000 | €626,082 | +€68,081 | +12.2% |
| Legal reserve | 130 | €558,000 | €626,082 | +€68,081 | +12.2% |
| Amounts payable | 17/49 | €114,926,508 | €115,726,456 | +€799,948 | +0.7% |
| Amounts payable after more than one year | 17 | €0 | €86,000,000 | +€86.0m | |
| Financial debts | 170/4 | €0 | €86,000,000 | +€86.0m | |
| Credit institutions | 173 | €0 | €70,000,000 | +€70.0m | |
| Other loans | 174 | €0 | €16,000,000 | +€16.0m | |
| Amounts payable within one year | 42/48 | €103,609,466 | €18,420,021 | -€85.2m | -82.2% |
| Current portion of amounts payable after more than one year | 42 | €101,000,000 | €15,000,000 | -€86.0m | -85.1% |
| Trade debts | 44 | €102,565 | €117,229 | +€14,664 | +14.3% |
| Suppliers | 440/4 | €102,565 | €117,229 | +€14,664 | +14.3% |
| Taxes, remuneration and social security | 45 | €132,961 | €106,441 | -€26,520 | -19.9% |
| Taxes | 450/3 | €132,961 | €106,441 | -€26,520 | -19.9% |
| Other amounts payable | 47/48 | €2,373,939 | €3,196,351 | +€822,412 | +34.6% |
| Accrued charges and deferred income | 492/3 | €11,317,043 | €11,306,435 | -€10,608 | -0.1% |
| Operating income | 70/76A | €10,638,214 | €10,993,519 | +€355,305 | +3.3% |
| Turnover | 70 | €10,630,995 | €10,993,035 | +€362,040 | +3.4% |
| Other operating income | 74 | €7,220 | €484 | -€6,735 | -93.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €4,310,391 | €4,211,069 | -€99,322 | -2.3% |
| Services and other goods | 61 | €935,107 | €841,446 | -€93,661 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,367,097 | €3,368,140 | +€1,043 | 0.0% |
| Other operating charges | 640/8 | €8,187 | €1,483 | -€6,704 | -81.9% |
| Operating profit (loss) | 9901 | €6,327,823 | €6,782,450 | +€454,627 | +7.2% |
| Financial income | 75/76B | €1,185,729 | €795,038 | -€390,691 | -32.9% |
| Recurring financial income | 75 | €1,185,729 | €795,038 | -€390,691 | -32.9% |
| Income from current assets | 751 | €1,185,729 | €795,038 | -€390,691 | -32.9% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €4,181,708 | €3,225,003 | -€956,705 | -22.9% |
| Recurring financial charges | 65 | €4,181,708 | €3,225,003 | -€956,705 | -22.9% |
| Debt charges | 650 | €4,181,279 | €3,224,270 | -€957,008 | -22.9% |
| Other financial charges | 652/9 | €429 | €732 | +€303 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | €3,331,844 | €4,352,486 | +€1.0m | +30.6% |
| Income taxes | 67/77 | €832,961 | €1,088,441 | +€255,480 | +30.7% |
| Taxes | 670/3 | €832,961 | €1,088,441 | +€255,480 | +30.7% |
| Profit (loss) for the period | 9904 | €2,498,883 | €3,264,045 | +€765,162 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,498,883 | €3,264,045 | +€765,162 | +30.6% |
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 27 October 2026 via checked.be.