DR. YANNIC RASKIN: what changed
DR. YANNIC RASKIN
Largest movements
- Tangible fixed assets +€294,817
up €294,817 (+402%), from €73,419 to €368,235
of which Other tangible fixed assets: +€234,452
- Cash -€144,780
down €144,780 (-86.9%), from €166,696 to €21,916
mainly Investment in fixed assets (net) (-€348,995) and Contributions, distributions and other (-€280,370)
- Deferred charges and accrued income +€26,989
up €26,989 (+15.1%), from €179,255 to €206,244
- Receivables within one year +€23,709
up €23,709 (+436%), from €5,441 to €29,150
of which Other amounts receivable: +€22,006
- Other debts +€193,918
up €193,918 (+2,393%), from €8,105 to €202,023
- Tax, wage and social debts -€34,164
down €34,164 (-52.3%), from €65,269 to €31,105
- Reserves +€32,186
up €32,186 (+11.5%), from €280,370 to €312,556
- Trade debts +€31,019
up €31,019 (+359%), from €8,634 to €39,654
- Debts after one year -€21,673
down €21,673 (-54.3%), from €39,898 to €18,224
- Gross operating margin +€68,182
up €68,182 (+17.3%), from €394,260 to €462,442
- Depreciation +€31,989
up €31,989 (+144%), from €22,189 to €54,178
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €424,811 | €625,545 | +€200,735 | +47.3% |
| Fixed assets | 21/28 | €73,419 | €368,235 | +€294,817 | +402% |
| Tangible fixed assets | 22/27 | €73,419 | €368,235 | +€294,817 | +402% |
| Plant, machinery and equipment | 23 | - | €42,640 | +€42,640 | |
| Furniture and vehicles | 24 | €63,768 | €81,493 | +€17,725 | +27.8% |
| Other tangible fixed assets | 26 | €9,651 | €244,102 | +€234,452 | +2,429% |
| Current assets | 29/58 | €351,392 | €257,310 | -€94,082 | -26.8% |
| Amounts receivable within one year | 40/41 | €5,441 | €29,150 | +€23,709 | +436% |
| Trade receivables | 40 | - | €1,703 | +€1,703 | |
| Other amounts receivable | 41 | €5,441 | €27,447 | +€22,006 | +404% |
| Cash at bank and in hand | 54/58 | €166,696 | €21,916 | -€144,780 | -86.9% |
| Deferred charges and accrued income | 490/1 | €179,255 | €206,244 | +€26,989 | +15.1% |
| Total equity and liabilities | 10/49 | €424,811 | €625,545 | +€200,735 | +47.3% |
| Equity | 10/15 | €280,470 | €312,656 | +€32,186 | +11.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €280,370 | €312,556 | +€32,186 | +11.5% |
| Distributable reserves | 133 | €280,370 | €312,556 | +€32,186 | +11.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €144,341 | €312,889 | +€168,548 | +117% |
| Amounts payable after more than one year | 17 | €39,898 | €18,224 | -€21,673 | -54.3% |
| Financial debts | 170/4 | €39,898 | €18,224 | -€21,673 | -54.3% |
| Amounts payable within one year | 42/48 | €104,443 | €294,665 | +€190,222 | +182% |
| Current portion of amounts payable after more than one year | 42 | €21,461 | €21,673 | +€212 | +1.0% |
| Financial debts | 43 | €974 | €210 | -€764 | -78.4% |
| Credit institutions | 430/8 | €974 | €210 | -€764 | -78.4% |
| Trade debts | 44 | €8,634 | €39,654 | +€31,019 | +359% |
| Suppliers | 440/4 | €8,634 | €39,654 | +€31,019 | +359% |
| Taxes, remuneration and social security | 45 | €65,269 | €31,105 | -€34,164 | -52.3% |
| Taxes | 450/3 | €65,269 | €31,105 | -€34,164 | -52.3% |
| Other amounts payable | 47/48 | €8,105 | €202,023 | +€193,918 | +2,393% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,189 | €54,178 | +€31,989 | +144% |
| Other operating charges | 640/8 | €1,487 | €1,991 | +€504 | +33.9% |
| Gross operating margin | 9900 | €394,260 | €462,442 | +€68,182 | +17.3% |
| Operating profit (loss) | 9901 | €370,585 | €406,273 | +€35,688 | +9.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €900 | €723 | -€177 | -19.7% |
| Recurring financial charges | 65 | €900 | €723 | -€177 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €369,684 | €405,550 | +€35,866 | +9.7% |
| Income taxes | 67/77 | €89,799 | €92,994 | +€3,195 | +3.6% |
| Profit (loss) for the period | 9904 | €279,885 | €312,556 | +€32,670 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €279,885 | €312,556 | +€32,670 | +11.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.