TWO-ONE: 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.
TWO-ONE
Largest movements
- Current investments +€60,000
up €60,000 (+85.7%), from €70,000 to €130,000
- Receivables within one year -€17,298
down €17,298 (-95.4%), from €18,131 to €833
of which Trade receivables: -€17,827
- Tangible fixed assets +€6,066
up €6,066 (+41.9%), from €14,485 to €20,551
of which Other tangible fixed assets: +€10,911
- Stocks and contracts -€5,373
down €5,373 (-31.6%), from €17,008 to €11,635
- Profit (loss) carried forward +€23,754
up €23,754 (+20.4%), from €116,376 to €140,131
- Trade debts +€10,745
up €10,745 (+16559.1%), from €65 to €10,810
- Tax, wage and social debts +€9,678
up €9,678 (+214.6%), from €4,509 to €14,186
- Gross operating margin +€16,984
up €16,984 (+60.0%), from €28,326 to €45,310
- Taxes +€7,065
up €7,065 (+199.7%), from €3,539 to €10,604
- Write-downs +€1,557
new in 2024: €1,557
- Financial income +€806
new in 2024: €806
- Other operating charges +€642
up €642 (+84.8%), from €757 to €1,400
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,434 | €176,187 | +€43,753 | +33.0% |
| Fixed assets | 21/28 | €14,485 | €20,551 | +€6,066 | +41.9% |
| Tangible fixed assets | 22/27 | €14,485 | €20,551 | +€6,066 | +41.9% |
| Plant, machinery and equipment | 23 | €11,764 | €5,615 | -€6,148 | -52.3% |
| Furniture and vehicles | 24 | €2,721 | €4,025 | +€1,304 | +47.9% |
| Other tangible fixed assets | 26 | - | €10,911 | +€10,911 | |
| Current assets | 29/58 | €117,950 | €155,636 | +€37,687 | +32.0% |
| Stocks and contracts in progress | 3 | €17,008 | €11,635 | -€5,373 | -31.6% |
| Stocks | 30/36 | €17,008 | €11,635 | -€5,373 | -31.6% |
| Amounts receivable within one year | 40/41 | €18,131 | €833 | -€17,298 | -95.4% |
| Trade receivables | 40 | €17,827 | - | -€17,827 | |
| Other amounts receivable | 41 | €304 | €833 | +€529 | +174.0% |
| Current investments | 50/53 | €70,000 | €130,000 | +€60,000 | +85.7% |
| Cash at bank and in hand | 54/58 | €11,707 | €12,038 | +€331 | +2.8% |
| Deferred charges and accrued income | 490/1 | €1,104 | €1,131 | +€27 | +2.4% |
| Total equity and liabilities | 10/49 | €132,434 | €176,187 | +€43,753 | +33.0% |
| Equity | 10/15 | €124,436 | €148,191 | +€23,754 | +19.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,376 | €140,131 | +€23,754 | +20.4% |
| Amounts payable | 17/49 | €7,998 | €27,996 | +€19,998 | +250.0% |
| Amounts payable within one year | 42/48 | €7,574 | €27,996 | +€20,423 | +269.7% |
| Trade debts | 44 | €65 | €10,810 | +€10,745 | +16559.1% |
| Suppliers | 440/4 | €65 | €10,810 | +€10,745 | +16559.1% |
| Taxes, remuneration and social security | 45 | €4,509 | €14,186 | +€9,678 | +214.6% |
| Taxes | 450/3 | €4,509 | €14,186 | +€9,678 | +214.6% |
| Other amounts payable | 47/48 | €3,000 | €3,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €424 | - | -€424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,579 | €8,653 | +€74 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,557 | +€1,557 | |
| Other operating charges | 640/8 | €757 | €1,400 | +€642 | +84.8% |
| Gross operating margin | 9900 | €28,326 | €45,310 | +€16,984 | +60.0% |
| Operating profit (loss) | 9901 | €18,989 | €33,700 | +€14,711 | +77.5% |
| Financial income | 75/76B | - | €806 | +€806 | |
| Recurring financial income | 75 | - | €806 | +€806 | |
| Financial charges | 65/66B | €404 | €148 | -€257 | -63.5% |
| Recurring financial charges | 65 | €404 | €148 | -€257 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €18,585 | €34,358 | +€15,773 | +84.9% |
| Income taxes | 67/77 | €3,539 | €10,604 | +€7,065 | +199.7% |
| Profit (loss) for the period | 9904 | €15,046 | €23,754 | +€8,708 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,046 | €23,754 | +€8,708 | +57.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.