SB23: 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.
SB23
Largest movements
- Cash +€14,497
up €14,497 (+38.3%), from €37,827 to €52,324
mainly Net result for the year (+€22,449) and Depreciation (+€4,817)
- Tangible fixed assets +€4,668
up €4,668 (+18.9%), from €24,663 to €29,330
of which Other tangible fixed assets: +€2,664
- Reserves +€22,449
up €22,449 (+39.3%), from €57,164 to €79,613
- Trade debts -€3,516
down €3,516 (-36.9%), from €9,537 to €6,022
- Tax, wage and social debts +€1,144
up €1,144 (+26.3%), from €4,345 to €5,489
of which Remuneration and social security: +€3,000
- Gross operating margin +€8,482
up €8,482 (+31.8%), from €26,699 to €35,181
- Depreciation +€1,619
up €1,619 (+50.6%), from €3,198 to €4,817
- Taxes +€1,343
up €1,343 (+22.5%), from €5,969 to €7,312
- Other operating charges +€822
new in 2025: €822
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 | €78,531 | €97,841 | +€19,310 | +24.6% |
| Fixed assets | 21/28 | €24,663 | €29,330 | +€4,668 | +18.9% |
| Tangible fixed assets | 22/27 | €24,663 | €29,330 | +€4,668 | +18.9% |
| Plant, machinery and equipment | 23 | €1,441 | €986 | -€455 | -31.6% |
| Furniture and vehicles | 24 | €10,147 | €12,606 | +€2,459 | +24.2% |
| Other tangible fixed assets | 26 | €13,075 | €15,738 | +€2,664 | +20.4% |
| Current assets | 29/58 | €53,869 | €68,511 | +€14,642 | +27.2% |
| Amounts receivable within one year | 40/41 | €12,260 | €13,178 | +€918 | +7.5% |
| Trade receivables | 40 | €10,453 | €11,562 | +€1,108 | +10.6% |
| Other amounts receivable | 41 | €1,807 | €1,616 | -€190 | -10.5% |
| Cash at bank and in hand | 54/58 | €37,827 | €52,324 | +€14,497 | +38.3% |
| Deferred charges and accrued income | 490/1 | €3,782 | €3,009 | -€772 | -20.4% |
| Total equity and liabilities | 10/49 | €78,531 | €97,841 | +€19,310 | +24.6% |
| Equity | 10/15 | €62,164 | €84,613 | +€22,449 | +36.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,164 | €79,613 | +€22,449 | +39.3% |
| Distributable reserves | 133 | €57,164 | €79,613 | +€22,449 | +39.3% |
| Amounts payable | 17/49 | €16,367 | €13,228 | -€3,139 | -19.2% |
| Amounts payable within one year | 42/48 | €16,315 | €13,228 | -€3,087 | -18.9% |
| Trade debts | 44 | €9,537 | €6,022 | -€3,516 | -36.9% |
| Suppliers | 440/4 | €9,537 | €6,022 | -€3,516 | -36.9% |
| Taxes, remuneration and social security | 45 | €4,345 | €5,489 | +€1,144 | +26.3% |
| Taxes | 450/3 | €4,345 | €2,489 | -€1,856 | -42.7% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €2,433 | €1,718 | -€715 | -29.4% |
| Accrued charges and deferred income | 492/3 | €52 | - | -€52 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,198 | €4,817 | +€1,619 | +50.6% |
| Other operating charges | 640/8 | - | €822 | +€822 | |
| Gross operating margin | 9900 | €26,699 | €35,181 | +€8,482 | +31.8% |
| Operating profit (loss) | 9901 | €23,501 | €29,542 | +€6,041 | +25.7% |
| Financial income | 75/76B | €370 | €451 | +€81 | +21.9% |
| Recurring financial income | 75 | €370 | €451 | +€81 | +21.9% |
| Financial charges | 65/66B | €453 | €232 | -€221 | -48.7% |
| Recurring financial charges | 65 | €137 | €169 | +€32 | +23.4% |
| Non-recurring financial charges | 66B | €316 | €63 | -€253 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €23,418 | €29,761 | +€6,343 | +27.1% |
| Income taxes | 67/77 | €5,969 | €7,312 | +€1,343 | +22.5% |
| Profit (loss) for the period | 9904 | €17,449 | €22,449 | +€5,000 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,449 | €22,449 | +€5,000 | +28.7% |
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 9 October 2026 via checked.be.