TwentyThree: 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.
TwentyThree
Largest movements
- Cash -€26,095
down €26,095 (-23.3%), from €111,855 to €85,760
mainly Other debts (-€30,407) and Investment in fixed assets (net) (-€9,703)
- Receivables within one year -€10,254
down €10,254 (-67.0%), from €15,303 to €5,049
of which Trade receivables: -€10,254
- Tangible fixed assets +€7,655
new in 2025: €7,655
of which Furniture and vehicles: +€4,162
- Other debts -€30,407
down €30,407 (-35.0%), from €86,986 to €56,579
- Gross operating margin +€3,778
up €3,778 (+149%), from €2,540 to €6,318
- Depreciation +€2,048
new in 2025: €2,048
- Financial charges -€594
down €594 (-86.8%), from €684 to €90
- Taxes +€351
up €351 (+13.1%), from €2,688 to €3,039
- Other operating charges +€127
up €127 (+25.1%), from €505 to €632
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 | €127,158 | €98,464 | -€28,695 | -22.6% |
| Fixed assets | 21/28 | - | €7,655 | +€7,655 | |
| Tangible fixed assets | 22/27 | - | €7,655 | +€7,655 | |
| Plant, machinery and equipment | 23 | - | €3,492 | +€3,492 | |
| Furniture and vehicles | 24 | - | €4,162 | +€4,162 | |
| Current assets | 29/58 | €127,158 | €90,809 | -€36,349 | -28.6% |
| Amounts receivable within one year | 40/41 | €15,303 | €5,049 | -€10,254 | -67.0% |
| Trade receivables | 40 | €10,254 | - | -€10,254 | |
| Other amounts receivable | 41 | €5,049 | €5,049 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €111,855 | €85,760 | -€26,095 | -23.3% |
| Total equity and liabilities | 10/49 | €127,158 | €98,464 | -€28,695 | -22.6% |
| Equity | 10/15 | €38,375 | €38,845 | +€470 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,175 | €32,645 | +€470 | +1.5% |
| Amounts payable | 17/49 | €88,784 | €59,619 | -€29,165 | -32.8% |
| Amounts payable within one year | 42/48 | €88,784 | €59,619 | -€29,165 | -32.8% |
| Taxes, remuneration and social security | 45 | €1,797 | €3,039 | +€1,242 | +69.1% |
| Taxes | 450/3 | €1,797 | €3,039 | +€1,242 | +69.1% |
| Other amounts payable | 47/48 | €86,986 | €56,579 | -€30,407 | -35.0% |
| Remuneration, social security and pensions | 62 | - | €37 | +€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,048 | +€2,048 | |
| Other operating charges | 640/8 | €505 | €632 | +€127 | +25.1% |
| Gross operating margin | 9900 | €2,540 | €6,318 | +€3,778 | +149% |
| Operating profit (loss) | 9901 | €2,035 | €3,600 | +€1,565 | +76.9% |
| Financial charges | 65/66B | €684 | €90 | -€594 | -86.8% |
| Recurring financial charges | 65 | €684 | €90 | -€594 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €1,350 | €3,510 | +€2,159 | +160% |
| Income taxes | 67/77 | €2,688 | €3,039 | +€351 | +13.1% |
| Profit (loss) for the period | 9904 | -€1,338 | €470 | +€1,808 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,338 | €470 | +€1,808 |
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 13 October 2026 via checked.be.