23St: 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.
23St
Largest movements
- Cash +€34,429
up €34,429 (+232.0%), from €14,843 to €49,272
mainly Net result for the year (+€34,115) and Tax, wage and social debts (+€8,159)
- Receivables within one year +€6,534
up €6,534 (+108.0%), from €6,050 to €12,584
- Tangible fixed assets +€1,394
up €1,394 (+57.5%), from €2,423 to €3,817
of which Other tangible fixed assets: +€1,829
- Deferred charges and accrued income -€1,110
down €1,110 (-29.2%), from €3,801 to €2,691
- Reserves +€34,115
up €34,115 (+160.2%), from €21,290 to €55,404
- Tax, wage and social debts +€8,159
up €8,159 (+253.6%), from €3,217 to €11,376
of which Taxes: +€6,524
- Other debts -€935
down €935 (-91.8%), from €1,018 to €83
- Gross operating margin +€16,386
up €16,386 (+52.1%), from €31,435 to €47,820
- Taxes +€3,360
up €3,360 (+56.8%), from €5,915 to €9,275
- Depreciation +€1,167
up €1,167 (+1507.1%), from €77 to €1,244
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 | €27,117 | €68,364 | +€41,246 | +152.1% |
| Fixed assets | 21/28 | €2,423 | €3,817 | +€1,394 | +57.5% |
| Tangible fixed assets | 22/27 | €2,423 | €3,817 | +€1,394 | +57.5% |
| Furniture and vehicles | 24 | €2,423 | €1,988 | -€435 | -18.0% |
| Other tangible fixed assets | 26 | - | €1,829 | +€1,829 | |
| Current assets | 29/58 | €24,694 | €64,547 | +€39,853 | +161.4% |
| Amounts receivable within one year | 40/41 | €6,050 | €12,584 | +€6,534 | +108.0% |
| Trade receivables | 40 | €6,050 | €12,584 | +€6,534 | +108.0% |
| Cash at bank and in hand | 54/58 | €14,843 | €49,272 | +€34,429 | +232.0% |
| Deferred charges and accrued income | 490/1 | €3,801 | €2,691 | -€1,110 | -29.2% |
| Total equity and liabilities | 10/49 | €27,117 | €68,364 | +€41,246 | +152.1% |
| Equity | 10/15 | €22,790 | €56,904 | +€34,115 | +149.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €21,290 | €55,404 | +€34,115 | +160.2% |
| Distributable reserves | 133 | €21,290 | €55,404 | +€34,115 | +160.2% |
| Amounts payable | 17/49 | €4,328 | €11,460 | +€7,132 | +164.8% |
| Amounts payable within one year | 42/48 | €4,328 | €11,460 | +€7,132 | +164.8% |
| Trade debts | 44 | €93 | - | -€93 | |
| Suppliers | 440/4 | €93 | - | -€93 | |
| Taxes, remuneration and social security | 45 | €3,217 | €11,376 | +€8,159 | +253.6% |
| Taxes | 450/3 | €3,217 | €9,741 | +€6,524 | +202.8% |
| Remuneration and social security | 454/9 | - | €1,635 | +€1,635 | |
| Other amounts payable | 47/48 | €1,018 | €83 | -€935 | -91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77 | €1,244 | +€1,167 | +1507.1% |
| Other operating charges | 640/8 | €131 | - | -€131 | |
| Gross operating margin | 9900 | €31,435 | €47,820 | +€16,386 | +52.1% |
| Operating profit (loss) | 9901 | €31,226 | €46,576 | +€15,350 | +49.2% |
| Financial income | 75/76B | €10 | €15 | +€5 | +54.2% |
| Recurring financial income | 75 | €10 | €15 | +€5 | +54.2% |
| Financial charges | 65/66B | €3,596 | €3,201 | -€395 | -11.0% |
| Recurring financial charges | 65 | €3,596 | €3,201 | -€395 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €27,640 | €43,390 | +€15,750 | +57.0% |
| Income taxes | 67/77 | €5,915 | €9,275 | +€3,360 | +56.8% |
| Profit (loss) for the period | 9904 | €21,725 | €34,115 | +€12,390 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,725 | €34,115 | +€12,390 | +57.0% |
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.