23AH: 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.
What changed
23AH
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€245,377
2024 · -€306,167+€60,790
Equity
-€928,064
2024 · -€682,687-€245,377
Cash
€39
2024 · €42,048-€42,010
Balance sheet total
€13.4m
2024 · €13.6m-€215,303
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€245,377
down €245,377 (-6.5%), from -€3.8m to -€4.0m
Income statement
- Financial charges -€36,395
down €36,395 (-10.0%), from €365,057 to €328,663
- Depreciation -€22,477
down €22,477 (-19.1%), from €117,872 to €95,395
- Gross operating margin +€2,679
up €2,679 (+1.3%), from €198,574 to €201,253
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.
Result 2024
-€306,167
Gross operating margin
+€2,679
Depreciation
+€22,477
Other operating charges
-€912
Financial income
-€0
Financial charges
+€36,395
Taxes
+€152
Result 2025
-€245,377
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.
From operations
-€42,015
Investment
-€11,803
Financing
+€11,809
Cash 2024
€42,048
From operations (derived)
-€42,015
Net result for the year
-€245,377
Depreciation
+€95,395
Receivables within one year
+€22,063
Deferred charges and accrued income
+€67,638
Trade debts
+€11,748
Other debts
+€6,513
Accrued charges and deferred income
+€4
Investment (derived)
-€11,803
Investment in fixed assets (net)
-€11,803
Financing
+€11,809
Debts after one year
+€10,625
Short-term financial debts
+€1,184
Cash 2025
€39
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,588,147 | €13,372,845 | -€215,303 | -1.6% |
| Fixed assets | 21/28 | €13,145,001 | €13,061,409 | -€83,592 | -0.6% |
| Tangible fixed assets | 22/27 | €11,974,170 | €11,890,578 | -€83,592 | -0.7% |
| Land and buildings | 22 | €11,964,260 | €11,880,668 | -€83,592 | -0.7% |
| Other tangible fixed assets | 26 | €9,910 | €9,910 | = | 0.0% |
| Financial fixed assets | 28 | €1,170,831 | €1,170,831 | = | 0.0% |
| Current assets | 29/58 | €443,146 | €311,435 | -€131,711 | -29.7% |
| Amounts receivable within one year | 40/41 | €46,771 | €24,708 | -€22,063 | -47.2% |
| Trade receivables | 40 | €46,771 | €24,708 | -€22,063 | -47.2% |
| Cash at bank and in hand | 54/58 | €42,048 | €39 | -€42,010 | -99.9% |
| Deferred charges and accrued income | 490/1 | €354,327 | €286,688 | -€67,638 | -19.1% |
| Total equity and liabilities | 10/49 | €13,588,147 | €13,372,845 | -€215,303 | -1.6% |
| Equity | 10/15 | -€682,687 | -€928,064 | -€245,377 | -35.9% |
| Contributions | 10/11 | €1,600,000 | €1,600,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,782,687 | -€4,028,064 | -€245,377 | -6.5% |
| Amounts payable | 17/49 | €14,270,834 | €14,300,908 | +€30,074 | +0.2% |
| Amounts payable after more than one year | 17 | €14,235,687 | €14,246,312 | +€10,625 | +0.1% |
| Financial debts | 170/4 | €8,468,661 | €8,468,661 | = | 0.0% |
| Other amounts payable | 178/9 | €5,767,027 | €5,777,651 | +€10,625 | +0.2% |
| Amounts payable within one year | 42/48 | €35,147 | €54,592 | +€19,445 | +55.3% |
| Financial debts | 43 | - | €1,184 | +€1,184 | |
| Credit institutions | 430/8 | - | €1,184 | +€1,184 | |
| Trade debts | 44 | €35,147 | €46,895 | +€11,748 | +33.4% |
| Suppliers | 440/4 | €35,147 | €46,895 | +€11,748 | +33.4% |
| Other amounts payable | 47/48 | - | €6,513 | +€6,513 | |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,872 | €95,395 | -€22,477 | -19.1% |
| Other operating charges | 640/8 | €21,660 | €22,572 | +€912 | +4.2% |
| Gross operating margin | 9900 | €198,574 | €201,253 | +€2,679 | +1.3% |
| Operating profit (loss) | 9901 | €59,042 | €83,285 | +€24,243 | +41.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -45.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -45.2% |
| Financial charges | 65/66B | €365,057 | €328,663 | -€36,395 | -10.0% |
| Recurring financial charges | 65 | €365,057 | €328,663 | -€36,395 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€306,015 | -€245,377 | +€60,638 | +19.8% |
| Income taxes | 67/77 | €152 | €0 | -€152 | -100.0% |
| Profit (loss) for the period | 9904 | -€306,167 | -€245,377 | +€60,790 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€306,167 | -€245,377 | +€60,790 | +19.9% |
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 8 October 2026 via checked.be.