Twenty-Three Consult: 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.
Twenty-Three Consult
Largest movements
- Cash +€176,437
up €176,437 (+20.7%), from €852,738 to €1.0m
mainly Net result for the year (+€1.1m) and Other debts (+€209,621)
- Receivables within one year +€27,172
up €27,172 (+16.3%), from €166,428 to €193,600
of which Trade receivables: +€38,720
- Current investments +€26,250
up €26,250 (+51.6%), from €50,895 to €77,145
- Other debts +€209,621
up €209,621 (+29.1%), from €720,000 to €929,621
- Reserves +€16,945
up €16,945 (+5.7%), from €296,925 to €313,870
- Gross operating margin +€651,410
up €651,410 (+83.7%), from €778,581 to €1.4m
- Taxes +€162,858
up €162,858 (+85.4%), from €190,694 to €353,553
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 | €1,087,237 | €1,318,951 | +€231,714 | +21.3% |
| Fixed assets | 21/28 | €16,815 | €17,488 | +€673 | +4.0% |
| Intangible fixed assets | 21 | €1,431 | €1,181 | -€250 | -17.5% |
| Tangible fixed assets | 22/27 | €14,934 | €15,857 | +€923 | +6.2% |
| Land and buildings | 22 | - | €7,781 | +€7,781 | |
| Plant, machinery and equipment | 23 | €5,594 | €4,899 | -€695 | -12.4% |
| Furniture and vehicles | 24 | €9,340 | €3,177 | -€6,163 | -66.0% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €1,070,422 | €1,301,463 | +€231,041 | +21.6% |
| Amounts receivable within one year | 40/41 | €166,428 | €193,600 | +€27,172 | +16.3% |
| Trade receivables | 40 | €154,880 | €193,600 | +€38,720 | +25.0% |
| Other amounts receivable | 41 | €11,548 | €0 | -€11,548 | -100.0% |
| Current investments | 50/53 | €50,895 | €77,145 | +€26,250 | +51.6% |
| Cash at bank and in hand | 54/58 | €852,738 | €1,029,176 | +€176,437 | +20.7% |
| Deferred charges and accrued income | 490/1 | €361 | €1,543 | +€1,182 | +327.4% |
| Total equity and liabilities | 10/49 | €1,087,237 | €1,318,951 | +€231,714 | +21.3% |
| Equity | 10/15 | €297,925 | €314,870 | +€16,945 | +5.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €296,925 | €313,870 | +€16,945 | +5.7% |
| Distributable reserves | 133 | €296,925 | €313,870 | +€16,945 | +5.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €789,312 | €1,004,081 | +€214,769 | +27.2% |
| Amounts payable within one year | 42/48 | €788,155 | €1,002,744 | +€214,590 | +27.2% |
| Trade debts | 44 | €1,067 | €5,270 | +€4,203 | +393.8% |
| Suppliers | 440/4 | €1,067 | €5,270 | +€4,203 | +393.8% |
| Taxes, remuneration and social security | 45 | €67,087 | €67,853 | +€766 | +1.1% |
| Taxes | 450/3 | €67,087 | €67,853 | +€766 | +1.1% |
| Other amounts payable | 47/48 | €720,000 | €929,621 | +€209,621 | +29.1% |
| Accrued charges and deferred income | 492/3 | €1,157 | €1,337 | +€180 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,965 | €2,744 | -€221 | -7.5% |
| Other operating charges | 640/8 | €2,041 | €881 | -€1,160 | -56.8% |
| Gross operating margin | 9900 | €778,581 | €1,429,991 | +€651,410 | +83.7% |
| Operating profit (loss) | 9901 | €773,575 | €1,426,366 | +€652,792 | +84.4% |
| Financial income | 75/76B | €639 | €2,697 | +€2,058 | +322.2% |
| Recurring financial income | 75 | €639 | €2,697 | +€2,058 | +322.2% |
| Financial charges | 65/66B | €1,572 | €8,566 | +€6,994 | +444.9% |
| Recurring financial charges | 65 | €1,572 | €4,202 | +€2,630 | +167.3% |
| Non-recurring financial charges | 66B | - | €4,364 | +€4,364 | |
| Profit (loss) for the period before taxes | 9903 | €772,642 | €1,420,497 | +€647,856 | +83.8% |
| Income taxes | 67/77 | €190,694 | €353,553 | +€162,858 | +85.4% |
| Profit (loss) for the period | 9904 | €581,947 | €1,066,945 | +€484,998 | +83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €581,947 | €1,066,945 | +€484,998 | +83.3% |
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 8 October 2026 via checked.be.