12Street: 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.
12Street
Largest movements
- Tangible fixed assets +€884,805
up €884,805 (+269%), from €328,373 to €1.2m
of which Other tangible fixed assets: +€615,084
- Receivables within one year +€155,469
up €155,469 (+2,961%), from €5,250 to €160,719
- Debts after one year +€510,404
up €510,404 (+163%), from €312,650 to €823,055
- Profit (loss) carried forward +€157,186
up €157,186, from -€23,400 to €133,786
- Reserves +€133,767
new in 2025: €133,767
of which Distributable reserves: +€131,418
- Trade debts +€109,286
up €109,286 (+115,038%), from €95 to €109,381
- Tax, wage and social debts +€70,293
new in 2025: €70,293
- Gross operating margin +€82,683
up €82,683, from -€3,246 to €79,437
- Depreciation +€43,878
up €43,878 (+459%), from €9,552 to €53,430
- Financial charges +€11,928
up €11,928 (+136%), from €8,800 to €20,729
- Other operating charges +€857
up €857 (+47.6%), from €1,803 to €2,660
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 | €358,562 | €1,405,441 | +€1.0m | +292% |
| Fixed assets | 21/28 | €328,373 | €1,213,178 | +€884,805 | +269% |
| Tangible fixed assets | 22/27 | €328,373 | €1,213,178 | +€884,805 | +269% |
| Land and buildings | 22 | €328,373 | €598,094 | +€269,721 | +82.1% |
| Other tangible fixed assets | 26 | - | €615,084 | +€615,084 | |
| Current assets | 29/58 | €30,188 | €192,263 | +€162,074 | +537% |
| Amounts receivable within one year | 40/41 | €5,250 | €160,719 | +€155,469 | +2,961% |
| Trade receivables | 40 | €5,250 | €160,719 | +€155,469 | +2,961% |
| Cash at bank and in hand | 54/58 | €24,938 | €31,544 | +€6,606 | +26.5% |
| Total equity and liabilities | 10/49 | €358,562 | €1,405,441 | +€1.0m | +292% |
| Equity | 10/15 | €26,600 | €341,042 | +€314,443 | +1,182% |
| Contributions | 10/11 | €50,000 | €73,489 | +€23,489 | +47.0% |
| Capital | 10 | - | €23,489 | +€23,489 | |
| Issued capital | 100 | - | €23,489 | +€23,489 | |
| Contributions outside capital | 11 | - | €50,000 | +€50,000 | |
| Other | 1109/19 | - | €50,000 | +€50,000 | |
| Reserves | 13 | - | €133,767 | +€133,767 | |
| Non-distributable reserves | 130/1 | - | €2,349 | +€2,349 | |
| Legal reserve | 130 | - | €2,349 | +€2,349 | |
| Distributable reserves | 133 | - | €131,418 | +€131,418 | |
| Profit (loss) carried forward | 14 | -€23,400 | €133,786 | +€157,186 | |
| Amounts payable | 17/49 | €331,962 | €1,064,398 | +€732,436 | +221% |
| Amounts payable after more than one year | 17 | €312,650 | €823,055 | +€510,404 | +163% |
| Financial debts | 170/4 | €312,650 | €823,055 | +€510,404 | +163% |
| Amounts payable within one year | 42/48 | €17,562 | €241,344 | +€223,782 | +1,274% |
| Current portion of amounts payable after more than one year | 42 | €17,467 | €46,232 | +€28,765 | +165% |
| Trade debts | 44 | €95 | €109,381 | +€109,286 | +115,038% |
| Suppliers | 440/4 | €95 | €109,381 | +€109,286 | +115,038% |
| Taxes, remuneration and social security | 45 | - | €70,293 | +€70,293 | |
| Taxes | 450/3 | - | €70,293 | +€70,293 | |
| Other amounts payable | 47/48 | - | €15,438 | +€15,438 | |
| Accrued charges and deferred income | 492/3 | €1,750 | €0 | -€1,750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,552 | €53,430 | +€43,878 | +459% |
| Other operating charges | 640/8 | €1,803 | €2,660 | +€857 | +47.6% |
| Gross operating margin | 9900 | -€3,246 | €79,437 | +€82,683 | |
| Operating profit (loss) | 9901 | -€14,600 | €23,347 | +€37,947 | |
| Financial charges | 65/66B | €8,800 | €20,729 | +€11,928 | +136% |
| Recurring financial charges | 65 | €8,800 | €20,729 | +€11,928 | +136% |
| Profit (loss) for the period before taxes | 9903 | -€23,400 | €2,619 | +€26,019 | |
| Profit (loss) for the period | 9904 | -€23,400 | €2,619 | +€26,019 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,400 | €2,619 | +€26,019 |
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 15 October 2026 via checked.be.