Fred YouStone: 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.
Fred YouStone
Largest movements
- Stocks and contracts +€358,621
up €358,621 (+14.3%), from €2.5m to €2.9m
- Cash +€129,191
up €129,191 (+588%), from €21,957 to €151,148
mainly Contributions, distributions and other (+€500,000) and Current portion of long-term debt (+€350,000)
- Contributions +€500,000
up €500,000 (+729%), from €68,550 to €568,550
- Current portion of long-term debt +€350,000
new in 2025: €350,000
- Other debts -€271,190
down €271,190 (-100.0%), from €271,198 to €9
- Trade debts -€58,720
down €58,720 (-60.3%), from €97,351 to €38,631
- Gross operating margin -€3,873
down €3,873 (-37.5%), from -€10,326 to -€14,199
- Financial charges -€904
down €904 (-49.1%), from €1,843 to €939
- Other operating charges +€757
up €757 (+150%), from €505 to €1,263
- Depreciation -€262
down €262 (-52.9%), from €496 to €234
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 | €2,580,556 | €3,051,696 | +€471,140 | +18.3% |
| Fixed assets | 21/28 | €234 | - | -€234 | |
| Tangible fixed assets | 22/27 | €234 | - | -€234 | |
| Plant, machinery and equipment | 23 | €234 | - | -€234 | |
| Current assets | 29/58 | €2,580,322 | €3,051,696 | +€471,374 | +18.3% |
| Stocks and contracts in progress | 3 | €2,513,735 | €2,872,356 | +€358,621 | +14.3% |
| Stocks | 30/36 | €2,513,735 | €2,872,356 | +€358,621 | +14.3% |
| Amounts receivable within one year | 40/41 | €41,867 | €21,977 | -€19,890 | -47.5% |
| Trade receivables | 40 | €21,833 | €4,267 | -€17,567 | -80.5% |
| Other amounts receivable | 41 | €20,034 | €17,710 | -€2,323 | -11.6% |
| Cash at bank and in hand | 54/58 | €21,957 | €151,148 | +€129,191 | +588% |
| Deferred charges and accrued income | 490/1 | €2,763 | €6,215 | +€3,452 | +125% |
| Total equity and liabilities | 10/49 | €2,580,556 | €3,051,696 | +€471,140 | +18.3% |
| Equity | 10/15 | -€33,417 | €449,948 | +€483,366 | |
| Contributions | 10/11 | €68,550 | €568,550 | +€500,000 | +729% |
| Profit (loss) carried forward | 14 | -€101,967 | -€118,602 | -€16,634 | -16.3% |
| Amounts payable | 17/49 | €2,613,974 | €2,601,748 | -€12,226 | -0.5% |
| Amounts payable after more than one year | 17 | €705,576 | €678,405 | -€27,171 | -3.9% |
| Financial debts | 170/4 | €705,576 | €678,405 | -€27,171 | -3.9% |
| Amounts payable within one year | 42/48 | €1,901,137 | €1,922,436 | +€21,299 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | - | €350,000 | +€350,000 | |
| Financial debts | 43 | €68 | €453 | +€386 | +569% |
| Credit institutions | 430/8 | €68 | €453 | +€386 | +569% |
| Trade debts | 44 | €97,351 | €38,631 | -€58,720 | -60.3% |
| Suppliers | 440/4 | €97,351 | €38,631 | -€58,720 | -60.3% |
| Advances received on contracts in progress | 46 | €1,532,519 | €1,533,341 | +€821 | +0.1% |
| Taxes, remuneration and social security | 45 | - | €2 | +€2 | |
| Taxes | 450/3 | - | €2 | +€2 | |
| Other amounts payable | 47/48 | €271,198 | €9 | -€271,190 | -100.0% |
| Accrued charges and deferred income | 492/3 | €7,261 | €907 | -€6,354 | -87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €234 | -€262 | -52.9% |
| Other operating charges | 640/8 | €505 | €1,263 | +€757 | +150% |
| Gross operating margin | 9900 | -€10,326 | -€14,199 | -€3,873 | -37.5% |
| Operating profit (loss) | 9901 | -€11,328 | -€15,695 | -€4,368 | -38.6% |
| Financial income | 75/76B | €1 | €0 | -€0 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -98.0% |
| Financial charges | 65/66B | €1,843 | €939 | -€904 | -49.1% |
| Recurring financial charges | 65 | €1,843 | €939 | -€904 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,170 | -€16,634 | -€3,464 | -26.3% |
| Profit (loss) for the period | 9904 | -€13,170 | -€16,634 | -€3,464 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,170 | -€16,634 | -€3,464 | -26.3% |
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 23 October 2026 via checked.be.