AC23: what changed
Two financial 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.
AC23
Largest movements
- Tangible fixed assets -€26,807
down €26,807 (-11.1%), from €242,376 to €215,569
of which Plant, machinery and equipment: -€25,932
- Cash -€20,281
down €20,281 (-48.5%), from €41,795 to €21,514
mainly Net result for the year (-€27,790) and Debts after one year (-€15,000)
- Profit (loss) carried forward -€27,790
down €27,790 (-46.3%), from -€60,057 to -€87,846
- Debts after one year -€15,000
down €15,000 (-4.6%), from €325,000 to €310,000
- Gross operating margin +€20,500
up €20,500, from -€10,612 to €9,888
- Depreciation -€7,633
down €7,633 (-22.2%), from €34,440 to €26,807
- Financial charges -€4,105
down €4,105 (-29.6%), from €13,867 to €9,762
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 | €290,232 | €246,623 | -€43,609 | -15.0% |
| Fixed assets | 21/28 | €242,376 | €215,569 | -€26,807 | -11.1% |
| Tangible fixed assets | 22/27 | €242,376 | €215,569 | -€26,807 | -11.1% |
| Land and buildings | 22 | €16,333 | €15,458 | -€875 | -5.4% |
| Plant, machinery and equipment | 23 | €226,042 | €200,111 | -€25,932 | -11.5% |
| Current assets | 29/58 | €47,857 | €31,054 | -€16,802 | -35.1% |
| Amounts receivable within one year | 40/41 | €5,989 | €7,502 | +€1,513 | +25.3% |
| Trade receivables | 40 | €5,989 | €7,502 | +€1,513 | +25.3% |
| Cash at bank and in hand | 54/58 | €41,795 | €21,514 | -€20,281 | -48.5% |
| Deferred charges and accrued income | 490/1 | €73 | €2,039 | +€1,966 | +2691.6% |
| Total equity and liabilities | 10/49 | €290,232 | €246,623 | -€43,609 | -15.0% |
| Equity | 10/15 | -€55,057 | -€82,846 | -€27,790 | -50.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,057 | -€87,846 | -€27,790 | -46.3% |
| Amounts payable | 17/49 | €345,289 | €329,470 | -€15,819 | -4.6% |
| Amounts payable after more than one year | 17 | €325,000 | €310,000 | -€15,000 | -4.6% |
| Financial debts | 170/4 | €325,000 | €310,000 | -€15,000 | -4.6% |
| Amounts payable within one year | 42/48 | €7,044 | €5,837 | -€1,207 | -17.1% |
| Trade debts | 44 | €6,021 | €4,822 | -€1,199 | -19.9% |
| Suppliers | 440/4 | €6,021 | €4,822 | -€1,199 | -19.9% |
| Taxes, remuneration and social security | 45 | €1,023 | €1,015 | -€8 | -0.7% |
| Taxes | 450/3 | €1,023 | €1,015 | -€8 | -0.7% |
| Accrued charges and deferred income | 492/3 | €13,245 | €13,633 | +€388 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,440 | €26,807 | -€7,633 | -22.2% |
| Other operating charges | 640/8 | €1,138 | €1,109 | -€28 | -2.5% |
| Gross operating margin | 9900 | -€10,612 | €9,888 | +€20,500 | |
| Operating profit (loss) | 9901 | -€46,189 | -€18,028 | +€28,162 | +61.0% |
| Financial charges | 65/66B | €13,867 | €9,762 | -€4,105 | -29.6% |
| Recurring financial charges | 65 | €13,867 | €9,762 | -€4,105 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | -€60,057 | -€27,790 | +€32,267 | +53.7% |
| Profit (loss) for the period | 9904 | -€60,057 | -€27,790 | +€32,267 | +53.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,057 | -€27,790 | +€32,267 | +53.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.