J.Y.C.: 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.
J.Y.C.
Largest movements
- Tangible fixed assets +€4.7m
up €4.7m (+75.2%), from €6.2m to €10.9m
- Revaluation surpluses +€4.9m
new in 2025: €4.9m
- Debts after one year -€657,234
down €657,234 (-11.2%), from €5.9m to €5.2m
of which Financial debts: -€686,249
- Short-term financial debts +€466,676
new in 2025: €466,676
- Profit (loss) carried forward -€258,053
down €258,053 (-30.3%), from -€853,043 to -€1.1m
- Reserves +€174,808
up €174,808 (+2,796%), from €6,252 to €181,059
of which Distributable reserves: +€174,808
- Gross operating margin +€215,146
up €215,146 (+111%), from €194,572 to €409,718
- Depreciation +€208,227
up €208,227 (+109%), from €191,071 to €399,297
- Financial charges +€15,235
up €15,235 (+7.0%), from €216,466 to €231,701
- Other operating charges +€14,688
up €14,688 (+587%), from €2,502 to €17,190
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 | €6,302,152 | €10,893,748 | +€4.6m | +72.9% |
| Fixed assets | 21/28 | €6,210,039 | €10,878,632 | +€4.7m | +75.2% |
| Tangible fixed assets | 22/27 | €6,208,510 | €10,878,632 | +€4.7m | +75.2% |
| Land and buildings | 22 | €6,208,510 | €10,878,632 | +€4.7m | +75.2% |
| Financial fixed assets | 28 | €1,529 | - | -€1,529 | |
| Current assets | 29/58 | €92,113 | €15,115 | -€76,998 | -83.6% |
| Cash at bank and in hand | 54/58 | €91,209 | €13,563 | -€77,646 | -85.1% |
| Deferred charges and accrued income | 490/1 | €904 | €1,552 | +€648 | +71.7% |
| Total equity and liabilities | 10/49 | €6,302,152 | €10,893,748 | +€4.6m | +72.9% |
| Equity | 10/15 | -€784,792 | €4,026,575 | +€4.8m | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €4,894,612 | +€4.9m | |
| Reserves | 13 | €6,252 | €181,059 | +€174,808 | +2,796% |
| Non-distributable reserves | 130/1 | €81 | €81 | = | 0.0% |
| Legal reserve | 130 | €81 | €81 | = | 0.0% |
| Distributable reserves | 133 | €6,171 | €180,978 | +€174,808 | +2,833% |
| Profit (loss) carried forward | 14 | -€853,043 | -€1,111,097 | -€258,053 | -30.3% |
| Amounts payable | 17/49 | €7,086,944 | €6,867,173 | -€219,771 | -3.1% |
| Amounts payable after more than one year | 17 | €5,851,647 | €5,194,413 | -€657,234 | -11.2% |
| Financial debts | 170/4 | €4,150,904 | €3,464,654 | -€686,249 | -16.5% |
| Other amounts payable | 178/9 | €1,700,744 | €1,729,759 | +€29,015 | +1.7% |
| Amounts payable within one year | 42/48 | €1,235,107 | €1,668,415 | +€433,308 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €176,298 | €186,249 | +€9,951 | +5.6% |
| Financial debts | 43 | - | €466,676 | +€466,676 | |
| Credit institutions | 430/8 | - | €466,676 | +€466,676 | |
| Trade debts | 44 | €64,758 | €31,021 | -€33,737 | -52.1% |
| Suppliers | 440/4 | €64,758 | €31,021 | -€33,737 | -52.1% |
| Taxes, remuneration and social security | 45 | €23,358 | €3,659 | -€19,698 | -84.3% |
| Taxes | 450/3 | €20,621 | €33 | -€20,588 | -99.8% |
| Remuneration and social security | 454/9 | €2,736 | €3,626 | +€890 | +32.5% |
| Other amounts payable | 47/48 | €970,693 | €980,810 | +€10,116 | +1.0% |
| Accrued charges and deferred income | 492/3 | €190 | €4,345 | +€4,155 | +2,188% |
| Remuneration, social security and pensions | 62 | €19,056 | €19,592 | +€536 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,071 | €399,297 | +€208,227 | +109% |
| Other operating charges | 640/8 | €2,502 | €17,190 | +€14,688 | +587% |
| Gross operating margin | 9900 | €194,572 | €409,718 | +€215,146 | +111% |
| Operating profit (loss) | 9901 | -€18,057 | -€26,361 | -€8,304 | -46.0% |
| Financial income | 75/76B | €2 | €12 | +€10 | +638% |
| Recurring financial income | 75 | €2 | €12 | +€10 | +638% |
| Financial charges | 65/66B | €216,466 | €231,701 | +€15,235 | +7.0% |
| Recurring financial charges | 65 | €216,466 | €231,701 | +€15,235 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€234,521 | -€258,049 | -€23,529 | -10.0% |
| Income taxes | 67/77 | €20 | €4 | -€16 | -81.6% |
| Profit (loss) for the period | 9904 | -€234,540 | -€258,053 | -€23,513 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€234,540 | -€258,053 | -€23,513 | -10.0% |
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 17 October 2026 via checked.be.