Twelve23: 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.
Twelve23
Largest movements
- Tangible fixed assets +€23,284
new in 2025: €23,284
of which Other tangible fixed assets: +€17,916
- Cash +€21,692
up €21,692 (+850%), from €2,551 to €24,244
mainly Net result for the year (+€15,186) and Trade debts (+€12,607)
- Receivables within one year -€4,632
down €4,632 (-19.7%), from €23,454 to €18,822
of which Other amounts receivable: -€4,758
- Profit (loss) carried forward +€15,186
up €15,186, from -€2,706 to €12,480
- Trade debts +€12,607
up €12,607 (+463%), from €2,720 to €15,327
- Other debts +€11,247
up €11,247 (+68.2%), from €16,501 to €27,749
- Tax, wage and social debts +€1,142
up €1,142 (+17.7%), from €6,453 to €7,596
of which Remuneration and social security: +€1,741
- Turnover +€124,380
new in 2025: €124,380
- Purchases and services +€106,701
new in 2025: €106,701
- Gross operating margin +€30,652
up €30,652, from -€10,061 to €20,591
- Depreciation +€1,680
new in 2025: €1,680
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 | €27,969 | €68,387 | +€40,418 | +145% |
| Fixed assets | 21/28 | - | €23,284 | +€23,284 | |
| Tangible fixed assets | 22/27 | - | €23,284 | +€23,284 | |
| Furniture and vehicles | 24 | - | €5,369 | +€5,369 | |
| Other tangible fixed assets | 26 | - | €17,916 | +€17,916 | |
| Current assets | 29/58 | €27,969 | €45,103 | +€17,134 | +61.3% |
| Amounts receivable within one year | 40/41 | €23,454 | €18,822 | -€4,632 | -19.7% |
| Trade receivables | 40 | €18,696 | €18,822 | +€126 | +0.7% |
| Other amounts receivable | 41 | €4,758 | €0 | -€4,758 | -100% |
| Cash at bank and in hand | 54/58 | €2,551 | €24,244 | +€21,692 | +850% |
| Deferred charges and accrued income | 490/1 | €1,964 | €2,038 | +€74 | +3.8% |
| Total equity and liabilities | 10/49 | €27,969 | €68,387 | +€40,418 | +145% |
| Equity | 10/15 | €2,294 | €17,480 | +€15,186 | +662% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,706 | €12,480 | +€15,186 | |
| Amounts payable | 17/49 | €25,675 | €50,907 | +€25,232 | +98.3% |
| Amounts payable within one year | 42/48 | €25,675 | €50,672 | +€24,997 | +97.4% |
| Trade debts | 44 | €2,720 | €15,327 | +€12,607 | +463% |
| Suppliers | 440/4 | €2,720 | €15,327 | +€12,607 | +463% |
| Taxes, remuneration and social security | 45 | €6,453 | €7,596 | +€1,142 | +17.7% |
| Taxes | 450/3 | €4,475 | €3,876 | -€599 | -13.4% |
| Remuneration and social security | 454/9 | €1,978 | €3,720 | +€1,741 | +88.0% |
| Other amounts payable | 47/48 | €16,501 | €27,749 | +€11,247 | +68.2% |
| Accrued charges and deferred income | 492/3 | - | €236 | +€236 | |
| Turnover | 70 | - | €124,380 | +€124,380 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €106,701 | +€106,701 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,680 | +€1,680 | |
| Other operating charges | 640/8 | €2,928 | €2,838 | -€89 | -3.0% |
| Non-recurring operating charges | 66A | €318 | €0 | -€318 | -100% |
| Gross operating margin | 9900 | -€10,061 | €20,591 | +€30,652 | |
| Operating profit (loss) | 9901 | -€13,307 | €16,072 | +€29,379 | |
| Financial income | 75/76B | €4 | €119 | +€115 | +2,782% |
| Recurring financial income | 75 | €4 | €119 | +€115 | +2,782% |
| Financial charges | 65/66B | €69 | €70 | +€1 | +2.0% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,372 | €16,121 | +€29,492 | |
| Income taxes | 67/77 | €227 | €935 | +€708 | +312% |
| Profit (loss) for the period | 9904 | -€13,599 | €15,186 | +€28,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,599 | €15,186 | +€28,784 |
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 21 October 2026 via checked.be.