Twentyfive: 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.
Twentyfive
Largest movements
- Receivables within one year +€12,856
up €12,856 (+112%), from €11,495 to €24,351
of which Other amounts receivable: +€12,453
- Cash +€5,969
up €5,969 (+499%), from €1,197 to €7,166
mainly Net result for the year (+€21,636) and Other debts (+€16,876)
- Tangible fixed assets -€2,837
down €2,837 (-8.3%), from €34,028 to €31,191
of which Furniture and vehicles: -€8,840
- Other debts +€16,876
up €16,876 (+540%), from €3,124 to €20,000
- Current portion of long-term debt -€5,666
no longer reported in 2025 (was €5,666)
- Trade debts +€2,023
up €2,023 (+155%), from €1,306 to €3,330
- Profit (loss) carried forward +€1,636
up €1,636 (+7.6%), from €21,585 to €23,221
- Tax, wage and social debts +€1,466
up €1,466 (+16.0%), from €9,178 to €10,644
- Depreciation +€1,836
up €1,836 (+20.3%), from €9,052 to €10,887
- Gross operating margin +€1,613
up €1,613 (+4.3%), from €37,844 to €39,457
- Taxes +€554
up €554 (+9.3%), from €5,971 to €6,525
- Financial charges -€443
down €443 (-68.7%), from €646 to €202
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 | €51,675 | €68,011 | +€16,336 | +31.6% |
| Fixed assets | 21/28 | €34,028 | €31,191 | -€2,837 | -8.3% |
| Tangible fixed assets | 22/27 | €34,028 | €31,191 | -€2,837 | -8.3% |
| Furniture and vehicles | 24 | €19,770 | €10,931 | -€8,840 | -44.7% |
| Other tangible fixed assets | 26 | €14,258 | €20,260 | +€6,003 | +42.1% |
| Current assets | 29/58 | €17,647 | €36,820 | +€19,173 | +109% |
| Amounts receivable within one year | 40/41 | €11,495 | €24,351 | +€12,856 | +112% |
| Trade receivables | 40 | €11,495 | €11,897 | +€402 | +3.5% |
| Other amounts receivable | 41 | - | €12,453 | +€12,453 | |
| Cash at bank and in hand | 54/58 | €1,197 | €7,166 | +€5,969 | +499% |
| Deferred charges and accrued income | 490/1 | €4,955 | €5,304 | +€349 | +7.0% |
| Total equity and liabilities | 10/49 | €51,675 | €68,011 | +€16,336 | +31.6% |
| Equity | 10/15 | €31,585 | €33,221 | +€1,636 | +5.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,585 | €23,221 | +€1,636 | +7.6% |
| Amounts payable | 17/49 | €20,090 | €34,790 | +€14,700 | +73.2% |
| Amounts payable within one year | 42/48 | €19,274 | €33,973 | +€14,699 | +76.3% |
| Current portion of amounts payable after more than one year | 42 | €5,666 | - | -€5,666 | |
| Trade debts | 44 | €1,306 | €3,330 | +€2,023 | +155% |
| Suppliers | 440/4 | €1,306 | €3,330 | +€2,023 | +155% |
| Taxes, remuneration and social security | 45 | €9,178 | €10,644 | +€1,466 | +16.0% |
| Taxes | 450/3 | €9,178 | €10,644 | +€1,466 | +16.0% |
| Other amounts payable | 47/48 | €3,124 | €20,000 | +€16,876 | +540% |
| Accrued charges and deferred income | 492/3 | €816 | €817 | +€1 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,052 | €10,887 | +€1,836 | +20.3% |
| Other operating charges | 640/8 | €591 | €544 | -€47 | -8.0% |
| Gross operating margin | 9900 | €37,844 | €39,457 | +€1,613 | +4.3% |
| Operating profit (loss) | 9901 | €28,201 | €28,025 | -€176 | -0.6% |
| Financial income | 75/76B | - | €338 | +€338 | |
| Recurring financial income | 75 | - | €338 | +€338 | |
| Financial charges | 65/66B | €646 | €202 | -€443 | -68.7% |
| Recurring financial charges | 65 | €646 | €202 | -€443 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | €27,556 | €28,160 | +€605 | +2.2% |
| Income taxes | 67/77 | €5,971 | €6,525 | +€554 | +9.3% |
| Profit (loss) for the period | 9904 | €21,585 | €21,636 | +€51 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,585 | €21,636 | +€51 | +0.2% |
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 18 October 2026 via checked.be.