P.S. 23: 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.
P.S. 23
Largest movements
- Financial fixed assets +€14,211
up €14,211 (+12.0%), from €118,531 to €132,742
- Receivables within one year +€5,369
up €5,369 (+89.5%), from €6,000 to €11,369
of which Other amounts receivable: +€8,750
- Tangible fixed assets -€4,799
down €4,799 (-70.2%), from €6,837 to €2,038
of which Furniture and vehicles: -€3,755
- Cash +€2,000
up €2,000 (+13.4%), from €14,883 to €16,883
mainly Tax, wage and social debts (+€9,169) and Other debts (+€5,067)
- Tax, wage and social debts +€9,169
up €9,169 (+32,666%), from €28 to €9,198
- Other debts +€5,067
up €5,067 (+4.0%), from €125,736 to €130,803
- Gross operating margin +€6,785
up €6,785 (+124%), from €5,473 to €12,258
- Depreciation -€6,413
down €6,413 (-57.2%), from €11,213 to €4,799
- Financial charges +€4,188
up €4,188 (+1,603%), from €261 to €4,450
- Taxes +€349
up €349 (+63.7%), from €547 to €896
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.
Derived cash bridge
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 | €172,945 | €189,851 | +€16,905 | +9.8% |
| Fixed assets | 21/28 | €125,368 | €134,780 | +€9,412 | +7.5% |
| Tangible fixed assets | 22/27 | €6,837 | €2,038 | -€4,799 | -70.2% |
| Plant, machinery and equipment | 23 | €206 | €103 | -€103 | -50.0% |
| Furniture and vehicles | 24 | €3,809 | €54 | -€3,755 | -98.6% |
| Other tangible fixed assets | 26 | €2,822 | €1,881 | -€941 | -33.3% |
| Financial fixed assets | 28 | €118,531 | €132,742 | +€14,211 | +12.0% |
| Current assets | 29/58 | €47,577 | €55,071 | +€7,494 | +15.8% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,000 | €11,369 | +€5,369 | +89.5% |
| Trade receivables | 40 | €5,501 | €2,119 | -€3,381 | -61.5% |
| Other amounts receivable | 41 | €499 | €9,249 | +€8,750 | +1,754% |
| Cash at bank and in hand | 54/58 | €14,883 | €16,883 | +€2,000 | +13.4% |
| Deferred charges and accrued income | 490/1 | €1,695 | €1,819 | +€124 | +7.3% |
| Total equity and liabilities | 10/49 | €172,945 | €189,851 | +€16,905 | +9.8% |
| Equity | 10/15 | €42,042 | €43,143 | +€1,102 | +2.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,958 | -€16,857 | +€1,102 | +6.1% |
| Amounts payable | 17/49 | €130,904 | €146,707 | +€15,804 | +12.1% |
| Amounts payable after more than one year | 17 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €125,838 | €141,640 | +€15,803 | +12.6% |
| Trade debts | 44 | €74 | €1,640 | +€1,566 | +2,111% |
| Suppliers | 440/4 | €74 | €1,640 | +€1,566 | +2,111% |
| Taxes, remuneration and social security | 45 | €28 | €9,198 | +€9,169 | +32,666% |
| Taxes | 450/3 | €28 | €9,198 | +€9,169 | +32,666% |
| Other amounts payable | 47/48 | €125,736 | €130,803 | +€5,067 | +4.0% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,213 | €4,799 | -€6,413 | -57.2% |
| Other operating charges | 640/8 | €1,023 | €1,054 | +€31 | +3.0% |
| Gross operating margin | 9900 | €5,473 | €12,258 | +€6,785 | +124% |
| Operating profit (loss) | 9901 | -€6,763 | €6,405 | +€13,167 | |
| Financial income | 75/76B | €0 | €43 | +€43 | +426,600% |
| Recurring financial income | 75 | €0 | €43 | +€43 | +426,600% |
| Financial charges | 65/66B | €261 | €4,450 | +€4,188 | +1,603% |
| Recurring financial charges | 65 | €261 | €4,450 | +€4,188 | +1,603% |
| Profit (loss) for the period before taxes | 9903 | -€7,024 | €1,998 | +€9,022 | |
| Income taxes | 67/77 | €547 | €896 | +€349 | +63.7% |
| Profit (loss) for the period | 9904 | -€7,571 | €1,102 | +€8,673 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,571 | €1,102 | +€8,673 |
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 17 October 2026 via checked.be.