TWO-ONE: 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.
TWO-ONE
Largest movements
- Cash +€167,314
up €167,314 (+1,390%), from €12,038 to €179,351
mainly Current investments (+€130,000) and Net result for the year (+€24,169)
- Current investments -€130,000
no longer reported in 2025 (was €130,000)
- Receivables within one year +€18,982
up €18,982 (+2,280%), from €833 to €19,815
of which Trade receivables: +€19,600
- Tangible fixed assets -€9,546
down €9,546 (-46.5%), from €20,551 to €11,004
of which Plant, machinery and equipment: -€5,615
- Stocks and contracts -€2,301
down €2,301 (-19.8%), from €11,635 to €9,334
- Profit (loss) carried forward +€24,169
up €24,169 (+17.2%), from €140,131 to €164,300
- Tax, wage and social debts +€24,165
up €24,165 (+170%), from €14,186 to €38,352
of which Remuneration and social security: +€18,000
- Trade debts -€3,659
down €3,659 (-33.8%), from €10,810 to €7,151
- Gross operating margin -€3,225
down €3,225 (-7.1%), from €45,310 to €42,085
- Financial income +€2,119
up €2,119 (+263%), from €806 to €2,924
- Depreciation +€893
up €893 (+10.3%), from €8,653 to €9,546
- Taxes -€856
down €856 (-8.1%), from €10,604 to €9,748
- Write-downs -€819
down €819 (-52.6%), from €1,557 to €738
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,187 | €220,874 | +€44,687 | +25.4% |
| Fixed assets | 21/28 | €20,551 | €11,004 | -€9,546 | -46.5% |
| Tangible fixed assets | 22/27 | €20,551 | €11,004 | -€9,546 | -46.5% |
| Plant, machinery and equipment | 23 | €5,615 | - | -€5,615 | |
| Furniture and vehicles | 24 | €4,025 | €2,025 | -€2,000 | -49.7% |
| Other tangible fixed assets | 26 | €10,911 | €8,979 | -€1,931 | -17.7% |
| Current assets | 29/58 | €155,636 | €209,869 | +€54,233 | +34.8% |
| Stocks and contracts in progress | 3 | €11,635 | €9,334 | -€2,301 | -19.8% |
| Stocks | 30/36 | €11,635 | €9,334 | -€2,301 | -19.8% |
| Amounts receivable within one year | 40/41 | €833 | €19,815 | +€18,982 | +2,280% |
| Trade receivables | 40 | - | €19,600 | +€19,600 | |
| Other amounts receivable | 41 | €833 | €215 | -€618 | -74.2% |
| Current investments | 50/53 | €130,000 | - | -€130,000 | |
| Cash at bank and in hand | 54/58 | €12,038 | €179,351 | +€167,314 | +1,390% |
| Deferred charges and accrued income | 490/1 | €1,131 | €1,369 | +€239 | +21.1% |
| Total equity and liabilities | 10/49 | €176,187 | €220,874 | +€44,687 | +25.4% |
| Equity | 10/15 | €148,191 | €172,360 | +€24,169 | +16.3% |
| 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 | €140,131 | €164,300 | +€24,169 | +17.2% |
| Amounts payable | 17/49 | €27,996 | €48,514 | +€20,517 | +73.3% |
| Amounts payable within one year | 42/48 | €27,996 | €48,503 | +€20,506 | +73.2% |
| Trade debts | 44 | €10,810 | €7,151 | -€3,659 | -33.8% |
| Suppliers | 440/4 | €10,810 | €7,151 | -€3,659 | -33.8% |
| Taxes, remuneration and social security | 45 | €14,186 | €38,352 | +€24,165 | +170% |
| Taxes | 450/3 | €14,186 | €20,352 | +€6,165 | +43.5% |
| Remuneration and social security | 454/9 | - | €18,000 | +€18,000 | |
| Other amounts payable | 47/48 | €3,000 | €3,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,653 | €9,546 | +€893 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,557 | €738 | -€819 | -52.6% |
| Other operating charges | 640/8 | €1,400 | €648 | -€752 | -53.7% |
| Gross operating margin | 9900 | €45,310 | €42,085 | -€3,225 | -7.1% |
| Operating profit (loss) | 9901 | €33,700 | €31,152 | -€2,548 | -7.6% |
| Financial income | 75/76B | €806 | €2,924 | +€2,119 | +263% |
| Recurring financial income | 75 | €806 | €2,924 | +€2,119 | +263% |
| Financial charges | 65/66B | €148 | €159 | +€11 | +7.8% |
| Recurring financial charges | 65 | €148 | €159 | +€11 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €34,358 | €33,917 | -€441 | -1.3% |
| Income taxes | 67/77 | €10,604 | €9,748 | -€856 | -8.1% |
| Profit (loss) for the period | 9904 | €23,754 | €24,169 | +€415 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,754 | €24,169 | +€415 | +1.7% |
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 21 October 2026 via checked.be.