53TWELVE: 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.
53TWELVE
Largest movements
- Cash +€64,163
up €64,163 (+16.9%), from €380,147 to €444,309
mainly Net result for the year (+€268,587) and Depreciation (+€59,792)
- Tangible fixed assets -€37,712
down €37,712 (-4.5%), from €839,492 to €801,780
of which Furniture and vehicles: -€24,763
- Debts after one year -€60,000
down €60,000 (-20.7%), from €290,000 to €230,000
- Reserves +€54,084
up €54,084 (+6.9%), from €784,174 to €838,258
- Tax, wage and social debts +€15,163
up €15,163 (+59.3%), from €25,550 to €40,714
of which Taxes: +€9,583
- Gross operating margin +€43,239
up €43,239 (+10.5%), from €410,313 to €453,552
- Taxes +€13,561
up €13,561 (+12.5%), from €108,276 to €121,837
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 | €1,290,516 | €1,306,583 | +€16,067 | +1.2% |
| Fixed assets | 21/28 | €839,537 | €801,825 | -€37,712 | -4.5% |
| Tangible fixed assets | 22/27 | €839,492 | €801,780 | -€37,712 | -4.5% |
| Land and buildings | 22 | €733,745 | €720,797 | -€12,949 | -1.8% |
| Furniture and vehicles | 24 | €105,747 | €80,984 | -€24,763 | -23.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €450,979 | €504,757 | +€53,778 | +11.9% |
| Stocks and contracts in progress | 3 | €23,748 | €18,915 | -€4,833 | -20.4% |
| Stocks | 30/36 | €23,748 | €18,915 | -€4,833 | -20.4% |
| Amounts receivable within one year | 40/41 | €45,835 | €41,533 | -€4,301 | -9.4% |
| Trade receivables | 40 | €43,922 | €37,808 | -€6,115 | -13.9% |
| Other amounts receivable | 41 | €1,912 | €3,726 | +€1,813 | +94.8% |
| Cash at bank and in hand | 54/58 | €380,147 | €444,309 | +€64,163 | +16.9% |
| Deferred charges and accrued income | 490/1 | €1,250 | €0 | -€1,250 | -100.0% |
| Total equity and liabilities | 10/49 | €1,290,516 | €1,306,583 | +€16,067 | +1.2% |
| Equity | 10/15 | €708,763 | €762,847 | +€54,084 | +7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €784,174 | €838,258 | +€54,084 | +6.9% |
| Distributable reserves | 133 | €784,174 | €838,258 | +€54,084 | +6.9% |
| Profit (loss) carried forward | 14 | -€81,611 | -€81,611 | = | 0.0% |
| Amounts payable | 17/49 | €581,753 | €543,736 | -€38,017 | -6.5% |
| Amounts payable after more than one year | 17 | €290,000 | €230,000 | -€60,000 | -20.7% |
| Financial debts | 170/4 | €290,000 | €230,000 | -€60,000 | -20.7% |
| Amounts payable within one year | 42/48 | €290,503 | €312,486 | +€21,983 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €1,473 | €6,232 | +€4,759 | +323.2% |
| Suppliers | 440/4 | €1,473 | €6,232 | +€4,759 | +323.2% |
| Taxes, remuneration and social security | 45 | €25,550 | €40,714 | +€15,163 | +59.3% |
| Taxes | 450/3 | €25,550 | €35,133 | +€9,583 | +37.5% |
| Remuneration and social security | 454/9 | - | €5,581 | +€5,581 | |
| Other amounts payable | 47/48 | €203,480 | €205,540 | +€2,061 | +1.0% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | €450 | €250 | -€200 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,869 | €59,792 | +€1,923 | +3.3% |
| Other operating charges | 640/8 | €1,658 | €1,699 | +€41 | +2.5% |
| Non-recurring operating charges | 66A | €116 | €254 | +€138 | +118.7% |
| Gross operating margin | 9900 | €410,313 | €453,552 | +€43,239 | +10.5% |
| Operating profit (loss) | 9901 | €350,671 | €391,808 | +€41,137 | +11.7% |
| Financial income | 75/76B | €628 | €1,874 | +€1,246 | +198.2% |
| Recurring financial income | 75 | €628 | €1,874 | +€1,246 | +198.2% |
| Financial charges | 65/66B | €3,965 | €3,258 | -€706 | -17.8% |
| Recurring financial charges | 65 | €3,965 | €3,258 | -€706 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €347,334 | €390,423 | +€43,089 | +12.4% |
| Income taxes | 67/77 | €108,276 | €121,837 | +€13,561 | +12.5% |
| Profit (loss) for the period | 9904 | €239,058 | €268,587 | +€29,528 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €239,058 | €268,587 | +€29,528 | +12.4% |
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 4 October 2026 via checked.be.