23VIP: 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.
23VIP
Largest movements
- Current investments +€99,747
new in 2025: €99,747
- Cash -€47,892
no longer reported in 2025 (was €47,892)
mainly Current investments (-€99,747) and Debts after one year (-€4,637)
- Receivables within one year -€7,647
down €7,647 (-17.7%), from €43,247 to €35,600
of which Trade receivables: -€11,057
- Tangible fixed assets -€4,801
down €4,801 (-39.7%), from €12,094 to €7,293
of which Leasing and similar rights: -€4,772
- Reserves +€34,545
up €34,545 (+115.2%), from €30,000 to €64,545
- Tax, wage and social debts +€7,795
up €7,795 (+35.8%), from €21,797 to €29,592
of which Taxes: +€10,000
- Debts after one year -€4,637
down €4,637 (-68.6%), from €6,759 to €2,121
- Trade debts +€2,781
up €2,781 (+1017.5%), from €273 to €3,054
- Gross operating margin +€29,712
up €29,712 (+94.7%), from €31,390 to €61,102
- Taxes +€11,669
up €11,669 (+162.9%), from €7,165 to €18,834
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 | €107,579 | €146,972 | +€39,393 | +36.6% |
| Fixed assets | 21/28 | €15,719 | €10,918 | -€4,801 | -30.5% |
| Tangible fixed assets | 22/27 | €12,094 | €7,293 | -€4,801 | -39.7% |
| Furniture and vehicles | 24 | €1,373 | €1,344 | -€28 | -2.1% |
| Leasing and similar rights | 25 | €10,721 | €5,949 | -€4,772 | -44.5% |
| Financial fixed assets | 28 | €3,625 | €3,625 | = | 0.0% |
| Current assets | 29/58 | €91,860 | €136,054 | +€44,194 | +48.1% |
| Amounts receivable within one year | 40/41 | €43,247 | €35,600 | -€7,647 | -17.7% |
| Trade receivables | 40 | €43,247 | €32,190 | -€11,057 | -25.6% |
| Other amounts receivable | 41 | - | €3,410 | +€3,410 | |
| Current investments | 50/53 | - | €99,747 | +€99,747 | |
| Cash at bank and in hand | 54/58 | €47,892 | - | -€47,892 | |
| Deferred charges and accrued income | 490/1 | €721 | €707 | -€14 | -1.9% |
| Total equity and liabilities | 10/49 | €107,579 | €146,972 | +€39,393 | +36.6% |
| Equity | 10/15 | €72,458 | €107,853 | +€35,395 | +48.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €30,000 | €64,545 | +€34,545 | +115.2% |
| Distributable reserves | 133 | €30,000 | €64,545 | +€34,545 | +115.2% |
| Profit (loss) carried forward | 14 | €28,198 | €29,048 | +€850 | +3.0% |
| Amounts payable | 17/49 | €35,121 | €39,119 | +€3,998 | +11.4% |
| Amounts payable after more than one year | 17 | €6,759 | €2,121 | -€4,637 | -68.6% |
| Financial debts | 170/4 | €6,759 | €2,121 | -€4,637 | -68.6% |
| Amounts payable within one year | 42/48 | €28,362 | €36,997 | +€8,636 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €4,916 | €4,352 | -€565 | -11.5% |
| Trade debts | 44 | €273 | €3,054 | +€2,781 | +1017.5% |
| Suppliers | 440/4 | €273 | €3,054 | +€2,781 | +1017.5% |
| Taxes, remuneration and social security | 45 | €21,797 | €29,592 | +€7,795 | +35.8% |
| Taxes | 450/3 | €14,128 | €24,127 | +€10,000 | +70.8% |
| Remuneration and social security | 454/9 | €7,670 | €5,465 | -€2,205 | -28.7% |
| Other amounts payable | 47/48 | €1,375 | - | -€1,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,841 | €5,717 | -€124 | -2.1% |
| Other operating charges | 640/8 | €344 | €346 | +€3 | +0.8% |
| Gross operating margin | 9900 | €31,390 | €61,102 | +€29,712 | +94.7% |
| Operating profit (loss) | 9901 | €25,205 | €55,038 | +€29,833 | +118.4% |
| Financial income | 75/76B | - | €180 | +€180 | |
| Recurring financial income | 75 | - | €180 | +€180 | |
| Financial charges | 65/66B | €926 | €989 | +€63 | +6.8% |
| Recurring financial charges | 65 | €926 | €989 | +€63 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €24,279 | €54,229 | +€29,950 | +123.4% |
| Income taxes | 67/77 | €7,165 | €18,834 | +€11,669 | +162.9% |
| Profit (loss) for the period | 9904 | €17,114 | €35,395 | +€18,281 | +106.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,114 | €35,395 | +€18,281 | +106.8% |
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 7 October 2026 via checked.be.