ALL YIELD: 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.
ALL YIELD
Largest movements
- Tangible fixed assets +€140,202
up €140,202 (+40.7%), from €344,835 to €485,037
of which Land and buildings: +€140,932
- Receivables within one year +€89,823
up €89,823 (+9.4%), from €956,558 to €1.0m
of which Trade receivables: +€93,535
- Cash +€35,161
up €35,161 (+13.6%), from €257,681 to €292,842
mainly Debts after one year (+€4.2m) and Trade debts (+€258,610)
- Debts after one year +€4.2m
new in 2025: €4.2m
- Other debts -€3.8m
down €3.8m (-100.0%), from €3.8m to €1,419
- Profit (loss) carried forward -€534,202
down €534,202 (-14.0%), from -€3.8m to -€4.3m
- Trade debts +€258,610
up €258,610 (+107.0%), from €241,764 to €500,374
- Tax, wage and social debts +€103,658
up €103,658 (+95.6%), from €108,441 to €212,099
of which Taxes: +€85,086
- Staff costs +€115,347
up €115,347 (+15.0%), from €769,971 to €885,318
- Gross operating margin -€63,616
down €63,616 (-7.9%), from €809,368 to €745,752
- Other operating charges +€24,710
up €24,710 (+16.9%), from €145,809 to €170,519
- Financial charges +€17,624
up €17,624 (+15.0%), from €117,388 to €135,012
- Depreciation +€17,357
up €17,357 (+24.5%), from €70,793 to €88,150
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 | €1,651,754 | €1,922,259 | +€270,506 | +16.4% |
| Fixed assets | 21/28 | €429,500 | €568,836 | +€139,336 | +32.4% |
| Intangible fixed assets | 21 | €27,637 | €26,771 | -€866 | -3.1% |
| Tangible fixed assets | 22/27 | €344,835 | €485,037 | +€140,202 | +40.7% |
| Land and buildings | 22 | €309,102 | €450,034 | +€140,932 | +45.6% |
| Plant, machinery and equipment | 23 | €12,666 | €14,992 | +€2,327 | +18.4% |
| Furniture and vehicles | 24 | €23,068 | €20,011 | -€3,057 | -13.3% |
| Financial fixed assets | 28 | €57,028 | €57,028 | = | 0.0% |
| Current assets | 29/58 | €1,222,253 | €1,353,423 | +€131,169 | +10.7% |
| Amounts receivable within one year | 40/41 | €956,558 | €1,046,381 | +€89,823 | +9.4% |
| Trade receivables | 40 | €950,780 | €1,044,315 | +€93,535 | +9.8% |
| Other amounts receivable | 41 | €5,778 | €2,066 | -€3,713 | -64.3% |
| Current investments | 50/53 | €202 | €202 | -€0 | -0.1% |
| Cash at bank and in hand | 54/58 | €257,681 | €292,842 | +€35,161 | +13.6% |
| Deferred charges and accrued income | 490/1 | €7,812 | €13,998 | +€6,186 | +79.2% |
| Total equity and liabilities | 10/49 | €1,651,754 | €1,922,259 | +€270,506 | +16.4% |
| Equity | 10/15 | -€2,501,292 | -€3,035,494 | -€534,202 | -21.4% |
| Contributions | 10/11 | €1,312,000 | €1,312,000 | = | 0.0% |
| Capital | 10 | €1,312,000 | €1,312,000 | = | 0.0% |
| Issued capital | 100 | €1,312,000 | €1,312,000 | = | 0.0% |
| Reserves | 13 | €273 | €273 | = | 0.0% |
| Non-distributable reserves | 130/1 | €273 | €273 | = | 0.0% |
| Legal reserve | 130 | €273 | €273 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,813,566 | -€4,347,767 | -€534,202 | -14.0% |
| Amounts payable | 17/49 | €4,153,046 | €4,957,753 | +€804,707 | +19.4% |
| Amounts payable after more than one year | 17 | - | €4,243,861 | +€4.2m | |
| Financial debts | 170/4 | - | €4,243,861 | +€4.2m | |
| Amounts payable within one year | 42/48 | €4,153,046 | €713,892 | -€3.4m | -82.8% |
| Trade debts | 44 | €241,764 | €500,374 | +€258,610 | +107.0% |
| Suppliers | 440/4 | €241,764 | €500,374 | +€258,610 | +107.0% |
| Taxes, remuneration and social security | 45 | €108,441 | €212,099 | +€103,658 | +95.6% |
| Taxes | 450/3 | €44,456 | €129,542 | +€85,086 | +191.4% |
| Remuneration and social security | 454/9 | €63,985 | €82,557 | +€18,572 | +29.0% |
| Other amounts payable | 47/48 | €3,802,841 | €1,419 | -€3.8m | -100.0% |
| Remuneration, social security and pensions | 62 | €769,971 | €885,318 | +€115,347 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,793 | €88,150 | +€17,357 | +24.5% |
| Other operating charges | 640/8 | €145,809 | €170,519 | +€24,710 | +16.9% |
| Gross operating margin | 9900 | €809,368 | €745,752 | -€63,616 | -7.9% |
| Operating profit (loss) | 9901 | -€177,205 | -€398,235 | -€221,030 | -124.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €117,388 | €135,012 | +€17,624 | +15.0% |
| Recurring financial charges | 65 | €117,388 | €135,012 | +€17,624 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | -€294,593 | -€533,247 | -€238,653 | -81.0% |
| Income taxes | 67/77 | - | €955 | +€955 | |
| Profit (loss) for the period | 9904 | -€294,593 | -€534,202 | -€239,608 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€294,593 | -€534,202 | -€239,608 | -81.3% |
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 28 September 2026 via checked.be.