23D27: 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.
23D27
Largest movements
- Cash +€35,532
up €35,532 (+123.5%), from €28,782 to €64,314
mainly Net result for the year (+€92,459) and Other debts (+€46,679)
- Current investments +€22,598
new in 2025: €22,598
- Tangible fixed assets -€10,507
down €10,507 (-36.3%), from €28,933 to €18,426
of which Furniture and vehicles: -€11,992
- Other debts +€46,679
up €46,679 (+85.5%), from €54,586 to €101,265
- Profit (loss) carried forward +€2,459
up €2,459 (+21.2%), from €11,591 to €14,050
- Tax, wage and social debts -€2,129
down €2,129 (-31.2%), from €6,821 to €4,692
- Gross operating margin +€59,247
up €59,247 (+75.2%), from €78,820 to €138,067
- Taxes +€14,290
up €14,290 (+81.9%), from €17,451 to €31,741
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 | €78,445 | €125,050 | +€46,605 | +59.4% |
| Fixed assets | 21/28 | €28,933 | €18,426 | -€10,507 | -36.3% |
| Tangible fixed assets | 22/27 | €28,933 | €18,426 | -€10,507 | -36.3% |
| Plant, machinery and equipment | 23 | €329 | €2,275 | +€1,946 | +591.7% |
| Furniture and vehicles | 24 | €27,122 | €15,130 | -€11,992 | -44.2% |
| Other tangible fixed assets | 26 | €1,482 | €1,021 | -€462 | -31.2% |
| Current assets | 29/58 | €49,512 | €106,624 | +€57,112 | +115.4% |
| Amounts receivable within one year | 40/41 | €19,675 | €19,074 | -€601 | -3.1% |
| Trade receivables | 40 | €17,460 | €17,315 | -€145 | -0.8% |
| Other amounts receivable | 41 | €2,215 | €1,759 | -€456 | -20.6% |
| Current investments | 50/53 | - | €22,598 | +€22,598 | |
| Cash at bank and in hand | 54/58 | €28,782 | €64,314 | +€35,532 | +123.5% |
| Deferred charges and accrued income | 490/1 | €1,055 | €638 | -€417 | -39.5% |
| Total equity and liabilities | 10/49 | €78,445 | €125,050 | +€46,605 | +59.4% |
| Equity | 10/15 | €16,591 | €19,050 | +€2,459 | +14.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,591 | €14,050 | +€2,459 | +21.2% |
| Amounts payable | 17/49 | €61,855 | €106,000 | +€44,145 | +71.4% |
| Amounts payable within one year | 42/48 | €61,855 | €106,000 | +€44,145 | +71.4% |
| Trade debts | 44 | €448 | €43 | -€405 | -90.4% |
| Suppliers | 440/4 | €448 | €43 | -€405 | -90.4% |
| Taxes, remuneration and social security | 45 | €6,821 | €4,692 | -€2,129 | -31.2% |
| Taxes | 450/3 | €6,821 | €4,692 | -€2,129 | -31.2% |
| Other amounts payable | 47/48 | €54,586 | €101,265 | +€46,679 | +85.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,642 | €13,008 | +€366 | +2.9% |
| Other operating charges | 640/8 | €726 | €843 | +€118 | +16.2% |
| Gross operating margin | 9900 | €78,820 | €138,067 | +€59,247 | +75.2% |
| Operating profit (loss) | 9901 | €65,452 | €124,216 | +€58,763 | +89.8% |
| Financial income | 75/76B | €0 | €98 | +€97 | +88563.6% |
| Recurring financial income | 75 | €0 | €98 | +€97 | +88563.6% |
| Financial charges | 65/66B | €92 | €113 | +€21 | +22.9% |
| Recurring financial charges | 65 | €92 | €113 | +€21 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €65,360 | €124,200 | +€58,840 | +90.0% |
| Income taxes | 67/77 | €17,451 | €31,741 | +€14,290 | +81.9% |
| Profit (loss) for the period | 9904 | €47,909 | €92,459 | +€44,550 | +93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,909 | €92,459 | +€44,550 | +93.0% |
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 5 October 2026 via checked.be.