ONE: what changed
ONE
Largest movements
- Cash +€129,583
up €129,583 (+49.6%), from €261,197 to €390,780
mainly Trade debts (+€116,042) and Net result for the year (+€53,265)
- Receivables within one year -€15,653
down €15,653 (-5.3%), from €297,428 to €281,775
of which Trade receivables: -€9,142
- Deferred charges and accrued income +€12,773
up €12,773 (+282%), from €4,524 to €17,297
- Trade debts +€116,042
up €116,042 (+110%), from €105,885 to €221,927
- Profit (loss) carried forward +€53,265
up €53,265 (+40.5%), from €131,415 to €184,680
- Debts after one year -€20,000
down €20,000 (-100%), from €20,000 to €0
- Accrued charges and deferred income -€15,174
down €15,174 (-18.0%), from €84,367 to €69,193
- Tax, wage and social debts -€11,010
down €11,010 (-8.6%), from €128,073 to €117,063
of which Taxes: -€14,985
- Staff costs -€84,766
down €84,766 (-16.9%), from €501,459 to €416,693
- Gross operating margin +€74,229
up €74,229 (+18.3%), from €406,612 to €480,841
- Write-downs +€4,904
up €4,904, from -€1,450 to €3,454
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €563,149 | €689,852 | +€126,703 | +22.5% |
| Current assets | 29/58 | €563,149 | €689,852 | +€126,703 | +22.5% |
| Amounts receivable within one year | 40/41 | €297,428 | €281,775 | -€15,653 | -5.3% |
| Trade receivables | 40 | €286,417 | €277,275 | -€9,142 | -3.2% |
| Other amounts receivable | 41 | €11,011 | €4,500 | -€6,511 | -59.1% |
| Cash at bank and in hand | 54/58 | €261,197 | €390,780 | +€129,583 | +49.6% |
| Deferred charges and accrued income | 490/1 | €4,524 | €17,297 | +€12,773 | +282% |
| Total equity and liabilities | 10/49 | €563,149 | €689,852 | +€126,703 | +22.5% |
| Equity | 10/15 | €204,824 | €258,089 | +€53,265 | +26.0% |
| Contributions | 10/11 | €28,508 | €28,508 | = | 0.0% |
| Reserves | 13 | €44,901 | €44,901 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,050 | €42,050 | = | 0.0% |
| Distributable reserves | 133 | €2,851 | €2,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,415 | €184,680 | +€53,265 | +40.5% |
| Provisions and deferred taxes | 16 | - | €3,454 | +€3,454 | |
| Provisions for liabilities and charges | 160/5 | - | €3,454 | +€3,454 | |
| Other liabilities and charges | 164/5 | - | €3,454 | +€3,454 | |
| Amounts payable | 17/49 | €358,325 | €428,309 | +€69,984 | +19.5% |
| Amounts payable after more than one year | 17 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts payable | 178/9 | €20,000 | €0 | -€20,000 | -100% |
| Amounts payable within one year | 42/48 | €253,958 | €359,116 | +€105,158 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €105,885 | €221,927 | +€116,042 | +110% |
| Suppliers | 440/4 | €105,885 | €221,927 | +€116,042 | +110% |
| Taxes, remuneration and social security | 45 | €128,073 | €117,063 | -€11,010 | -8.6% |
| Taxes | 450/3 | €70,455 | €55,470 | -€14,985 | -21.3% |
| Remuneration and social security | 454/9 | €57,618 | €61,593 | +€3,975 | +6.9% |
| Other amounts payable | 47/48 | - | €126 | +€126 | |
| Accrued charges and deferred income | 492/3 | €84,367 | €69,193 | -€15,174 | -18.0% |
| Remuneration, social security and pensions | 62 | €501,459 | €416,693 | -€84,766 | -16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,450 | €3,454 | +€4,904 | |
| Other operating charges | 640/8 | €387 | €479 | +€92 | +23.8% |
| Gross operating margin | 9900 | €406,612 | €480,841 | +€74,229 | +18.3% |
| Operating profit (loss) | 9901 | -€93,784 | €60,215 | +€153,999 | |
| Financial income | 75/76B | €826 | €465 | -€361 | -43.7% |
| Recurring financial income | 75 | €653 | €465 | -€188 | -28.8% |
| Non-recurring financial income | 76B | €173 | - | -€173 | |
| Financial charges | 65/66B | €5,818 | €5,781 | -€37 | -0.6% |
| Recurring financial charges | 65 | €5,818 | €5,781 | -€37 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€98,776 | €54,899 | +€153,675 | |
| Income taxes | 67/77 | €196 | €1,634 | +€1,438 | +734% |
| Profit (loss) for the period | 9904 | -€98,972 | €53,265 | +€152,237 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,972 | €53,265 | +€152,237 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.