23.20: 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.
23.20
Largest movements
- Cash -€1,110
down €1,110 (-86.3%), from €1,286 to €176
mainly Net result for the year (-€1,866) and Investment in fixed assets (net) (-€1,410)
- Tangible fixed assets +€929
up €929 (+130.1%), from €714 to €1,644
of which Other tangible fixed assets: +€1,347
- Receivables within one year +€550
up €550 (+126.0%), from €436 to €986
of which Other amounts receivable: +€505
- Deferred charges and accrued income -€137
no longer reported in 2025 (was €137)
- Tax, wage and social debts +€2,696
up €2,696 (+373.6%), from €722 to €3,418
- Profit (loss) carried forward -€1,866
down €1,866 (-97.2%), from -€1,920 to -€3,786
- Other debts -€475
no longer reported in 2025 (was €475)
- Trade debts -€123
no longer reported in 2025 (was €123)
- Gross operating margin -€2,082
down €2,082 (-53.1%), from €3,918 to €1,837
- Taxes +€751
up €751 (+1195.9%), from €63 to €814
- Staff costs -€560
down €560 (-23.2%), from €2,410 to €1,850
- Depreciation -€250
down €250 (-34.2%), from €731 to €481
- Other operating charges -€138
down €138 (-25.6%), from €537 to €400
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 | €2,693 | €2,925 | +€232 | +8.6% |
| Fixed assets | 21/28 | €834 | €1,764 | +€929 | +111.4% |
| Tangible fixed assets | 22/27 | €714 | €1,644 | +€929 | +130.1% |
| Furniture and vehicles | 24 | €714 | €297 | -€418 | -58.5% |
| Other tangible fixed assets | 26 | - | €1,347 | +€1,347 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €1,859 | €1,162 | -€697 | -37.5% |
| Amounts receivable within one year | 40/41 | €436 | €986 | +€550 | +126.0% |
| Trade receivables | 40 | €436 | €481 | +€44 | +10.2% |
| Other amounts receivable | 41 | - | €505 | +€505 | |
| Cash at bank and in hand | 54/58 | €1,286 | €176 | -€1,110 | -86.3% |
| Deferred charges and accrued income | 490/1 | €137 | - | -€137 | |
| Total equity and liabilities | 10/49 | €2,693 | €2,925 | +€232 | +8.6% |
| Equity | 10/15 | €1,080 | -€786 | -€1,866 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,920 | -€3,786 | -€1,866 | -97.2% |
| Amounts payable | 17/49 | €1,613 | €3,711 | +€2,098 | +130.1% |
| Amounts payable within one year | 42/48 | €1,320 | €3,418 | +€2,098 | +159.0% |
| Trade debts | 44 | €123 | - | -€123 | |
| Suppliers | 440/4 | €123 | - | -€123 | |
| Taxes, remuneration and social security | 45 | €722 | €3,418 | +€2,696 | +373.6% |
| Taxes | 450/3 | €722 | €3,418 | +€2,696 | +373.6% |
| Other amounts payable | 47/48 | €475 | - | -€475 | |
| Accrued charges and deferred income | 492/3 | €293 | €293 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,410 | €1,850 | -€560 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €731 | €481 | -€250 | -34.2% |
| Other operating charges | 640/8 | €537 | €400 | -€138 | -25.6% |
| Gross operating margin | 9900 | €3,918 | €1,837 | -€2,082 | -53.1% |
| Operating profit (loss) | 9901 | €240 | -€894 | -€1,134 | |
| Financial income | 75/76B | €108 | - | -€108 | |
| Recurring financial income | 75 | €108 | - | -€108 | |
| Financial charges | 65/66B | €95 | €158 | +€63 | +66.8% |
| Recurring financial charges | 65 | €95 | €158 | +€63 | +66.8% |
| Profit (loss) for the period before taxes | 9903 | €254 | -€1,052 | -€1,306 | |
| Income taxes | 67/77 | €63 | €814 | +€751 | +1195.9% |
| Profit (loss) for the period | 9904 | €191 | -€1,866 | -€2,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €191 | -€1,866 | -€2,057 |
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 6 October 2026 via checked.be.