BELGIAN YIELDCORE: 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.
BELGIAN YIELDCORE
Largest movements
- Cash +€52,488
up €52,488 (+120.6%), from €43,517 to €96,005
mainly Receivables within one year (+€40,886) and Net result for the year (+€14,950)
- Receivables within one year -€40,886
down €40,886 (-21.2%), from €193,114 to €152,228
of which Trade receivables: -€37,413
- Trade debts +€11,489
up €11,489 (+17.5%), from €65,621 to €77,110
- Other debts -€4,267
down €4,267 (-5.7%), from €74,481 to €70,214
- Reserves +€2,680
up €2,680 (+5.9%), from €45,271 to €47,951
of which Distributable reserves: +€2,680
- Other operating charges +€36,827
up €36,827 (+2659.6%), from €1,385 to €38,212
- Gross operating margin +€32,371
up €32,371 (+135.3%), from €23,926 to €56,298
- Financial charges -€11,916
down €11,916 (-67.5%), from €17,653 to €5,737
- Depreciation -€4,067
down €4,067 (-97.0%), from €4,191 to €125
- Financial income +€2,463
up €2,463 (+135.5%), from €1,818 to €4,280
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 | €240,696 | €252,175 | +€11,479 | +4.8% |
| Fixed assets | 21/28 | €3,208 | €3,084 | -€125 | -3.9% |
| Tangible fixed assets | 22/27 | €125 | - | -€125 | |
| Plant, machinery and equipment | 23 | €125 | - | -€125 | |
| Financial fixed assets | 28 | €3,084 | €3,084 | = | 0.0% |
| Current assets | 29/58 | €237,487 | €249,091 | +€11,604 | +4.9% |
| Amounts receivable within one year | 40/41 | €193,114 | €152,228 | -€40,886 | -21.2% |
| Trade receivables | 40 | €188,186 | €150,772 | -€37,413 | -19.9% |
| Other amounts receivable | 41 | €4,929 | €1,456 | -€3,473 | -70.5% |
| Cash at bank and in hand | 54/58 | €43,517 | €96,005 | +€52,488 | +120.6% |
| Deferred charges and accrued income | 490/1 | €856 | €858 | +€2 | +0.2% |
| Total equity and liabilities | 10/49 | €240,696 | €252,175 | +€11,479 | +4.8% |
| Equity | 10/15 | €99,324 | €102,004 | +€2,680 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,271 | €47,951 | +€2,680 | +5.9% |
| Non-distributable reserves | 130/1 | €265 | €265 | = | 0.0% |
| Reserves not available under the articles | 1311 | €265 | €265 | = | 0.0% |
| Distributable reserves | 133 | €45,005 | €47,685 | +€2,680 | +6.0% |
| Profit (loss) carried forward | 14 | €35,454 | €35,454 | = | 0.0% |
| Amounts payable | 17/49 | €141,371 | €150,170 | +€8,799 | +6.2% |
| Amounts payable within one year | 42/48 | €140,381 | €149,146 | +€8,764 | +6.2% |
| Trade debts | 44 | €65,621 | €77,110 | +€11,489 | +17.5% |
| Suppliers | 440/4 | €65,621 | €77,110 | +€11,489 | +17.5% |
| Taxes, remuneration and social security | 45 | €280 | €1,822 | +€1,542 | +550.8% |
| Taxes | 450/3 | €280 | €1,822 | +€1,542 | +550.8% |
| Other amounts payable | 47/48 | €74,481 | €70,214 | -€4,267 | -5.7% |
| Accrued charges and deferred income | 492/3 | €990 | €1,024 | +€34 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,191 | €125 | -€4,067 | -97.0% |
| Other operating charges | 640/8 | €1,385 | €38,212 | +€36,827 | +2659.6% |
| Gross operating margin | 9900 | €23,926 | €56,298 | +€32,371 | +135.3% |
| Operating profit (loss) | 9901 | €18,350 | €17,961 | -€390 | -2.1% |
| Financial income | 75/76B | €1,818 | €4,280 | +€2,463 | +135.5% |
| Recurring financial income | 75 | €1,818 | €4,280 | +€2,463 | +135.5% |
| Financial charges | 65/66B | €17,653 | €5,737 | -€11,916 | -67.5% |
| Recurring financial charges | 65 | €17,653 | €5,737 | -€11,916 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | €2,515 | €16,504 | +€13,989 | +556.2% |
| Income taxes | 67/77 | €281 | €1,554 | +€1,273 | +453.0% |
| Profit (loss) for the period | 9904 | €2,234 | €14,950 | +€12,716 | +569.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,234 | €14,950 | +€12,716 | +569.2% |
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 3 October 2026 via checked.be.