123INTERIM: 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.
123INTERIM
Largest movements
- Cash +€341,882
up €341,882 (+115.8%), from €295,210 to €637,092
mainly Tax, wage and social debts (+€328,565) and Net result for the year (+€271,788)
- Receivables within one year +€79,885
up €79,885 (+32.9%), from €242,684 to €322,569
of which Trade receivables: +€149,885
- Tax, wage and social debts +€328,565
up €328,565 (+211.3%), from €155,476 to €484,041
of which Remuneration and social security: +€214,362
- Reserves +€270,000
new in 2025: €270,000
- Trade debts -€101,608
down €101,608 (-40.4%), from €251,387 to €149,779
- Other debts -€75,005
down €75,005 (-60.0%), from €125,005 to €50,000
- Gross operating margin +€1.7m
up €1.7m (+251.1%), from €674,083 to €2.4m
- Staff costs +€1.3m
up €1.3m (+210.7%), from €636,570 to €2.0m
- Taxes +€96,557
up €96,557 (+1024.3%), from €9,427 to €105,984
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 | €564,094 | €986,192 | +€422,098 | +74.8% |
| Formation expenses | 20 | €21,671 | €16,834 | -€4,837 | -22.3% |
| Fixed assets | 21/28 | €496 | €388 | -€108 | -21.8% |
| Intangible fixed assets | 21 | €496 | €388 | -€108 | -21.8% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | €0 | €0 | = | |
| Current assets | 29/58 | €541,927 | €968,970 | +€427,043 | +78.8% |
| Amounts receivable within one year | 40/41 | €242,684 | €322,569 | +€79,885 | +32.9% |
| Trade receivables | 40 | €172,684 | €322,569 | +€149,885 | +86.8% |
| Other amounts receivable | 41 | €70,000 | €0 | -€70,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €295,210 | €637,092 | +€341,882 | +115.8% |
| Deferred charges and accrued income | 490/1 | €4,032 | €9,309 | +€5,277 | +130.9% |
| Total equity and liabilities | 10/49 | €564,094 | €986,192 | +€422,098 | +74.8% |
| Equity | 10/15 | €30,286 | €302,075 | +€271,788 | +897.4% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Outside capital | 11 | €18,000 | - | -€18,000 | |
| Other | 1109/19 | €18,000 | - | -€18,000 | |
| Reserves | 13 | - | €270,000 | +€270,000 | |
| Distributable reserves | 133 | - | €270,000 | +€270,000 | |
| Profit (loss) carried forward | 14 | €12,286 | €14,075 | +€1,788 | +14.6% |
| Amounts payable | 17/49 | €533,808 | €684,117 | +€150,309 | +28.2% |
| Amounts payable within one year | 42/48 | €531,867 | €683,819 | +€151,952 | +28.6% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €251,387 | €149,779 | -€101,608 | -40.4% |
| Suppliers | 440/4 | €251,387 | €149,779 | -€101,608 | -40.4% |
| Taxes, remuneration and social security | 45 | €155,476 | €484,041 | +€328,565 | +211.3% |
| Taxes | 450/3 | €47,012 | €161,216 | +€114,203 | +242.9% |
| Remuneration and social security | 454/9 | €108,463 | €322,825 | +€214,362 | +197.6% |
| Other amounts payable | 47/48 | €125,005 | €50,000 | -€75,005 | -60.0% |
| Accrued charges and deferred income | 492/3 | €1,941 | €298 | -€1,643 | -84.6% |
| Remuneration, social security and pensions | 62 | €636,570 | €1,978,104 | +€1.3m | +210.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,101 | €6,045 | -€1,056 | -14.9% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €674,083 | €2,366,413 | +€1.7m | +251.1% |
| Operating profit (loss) | 9901 | €29,640 | €381,864 | +€352,224 | +1188.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €7,926 | €4,092 | -€3,835 | -48.4% |
| Recurring financial charges | 65 | €7,926 | €4,092 | -€3,835 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €21,713 | €377,772 | +€356,059 | +1639.8% |
| Income taxes | 67/77 | €9,427 | €105,984 | +€96,557 | +1024.3% |
| Profit (loss) for the period | 9904 | €12,286 | €271,788 | +€259,502 | +2112.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,286 | €271,788 | +€259,502 | +2112.1% |
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 3 October 2026 via checked.be.