J.Y.P.E.: 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.P.E.
Largest movements
- Receivables within one year -€236,619
down €236,619 (-17.6%), from €1.3m to €1.1m
of which Other amounts receivable: -€249,728
- Cash +€27,921
up €27,921 (+837%), from €3,338 to €31,259
mainly Receivables within one year (+€236,619) and Depreciation (+€13,228)
- Other debts -€147,054
down €147,054 (-10.7%), from €1.4m to €1.2m
- Short-term financial debts -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Profit (loss) carried forward -€18,134
down €18,134 (-7.6%), from -€237,917 to -€256,051
- Gross operating margin -€42,071
down €42,071 (-31.9%), from €131,718 to €89,646
- Financial income -€19,569
down €19,569 (-88.3%), from €22,154 to €2,585
- Financial charges -€6,367
down €6,367 (-20.4%), from €31,179 to €24,812
- Staff costs +€3,987
up €3,987 (+6.2%), from €63,857 to €67,844
- Other operating charges -€3,018
down €3,018 (-40.2%), from €7,499 to €4,481
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 | €1,634,147 | €1,412,220 | -€221,927 | -13.6% |
| Fixed assets | 21/28 | €274,761 | €261,532 | -€13,228 | -4.8% |
| Tangible fixed assets | 22/27 | €94,398 | €81,169 | -€13,228 | -14.0% |
| Land and buildings | 22 | €54,198 | €52,812 | -€1,386 | -2.6% |
| Plant, machinery and equipment | 23 | €40,200 | €28,358 | -€11,842 | -29.5% |
| Financial fixed assets | 28 | €180,363 | €180,363 | = | 0.0% |
| Current assets | 29/58 | €1,359,386 | €1,150,688 | -€208,698 | -15.4% |
| Stocks and contracts in progress | 3 | €192 | €192 | = | 0.0% |
| Stocks | 30/36 | €192 | €192 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,345,848 | €1,109,229 | -€236,619 | -17.6% |
| Trade receivables | 40 | €234,495 | €247,603 | +€13,108 | +5.6% |
| Other amounts receivable | 41 | €1,111,353 | €861,626 | -€249,728 | -22.5% |
| Cash at bank and in hand | 54/58 | €3,338 | €31,259 | +€27,921 | +837% |
| Deferred charges and accrued income | 490/1 | €10,008 | €10,008 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,634,147 | €1,412,220 | -€221,927 | -13.6% |
| Equity | 10/15 | -€43,954 | -€62,088 | -€18,134 | -41.3% |
| Contributions | 10/11 | €62,250 | €62,250 | = | 0.0% |
| Capital | 10 | €62,250 | €62,250 | = | 0.0% |
| Issued capital | 100 | €62,250 | €62,250 | = | 0.0% |
| Reserves | 13 | €131,713 | €131,713 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,815 | €4,815 | = | 0.0% |
| Legal reserve | 130 | €4,815 | €4,815 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,099 | €6,099 | = | 0.0% |
| Distributable reserves | 133 | €120,798 | €120,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237,917 | -€256,051 | -€18,134 | -7.6% |
| Amounts payable | 17/49 | €1,678,101 | €1,474,308 | -€203,793 | -12.1% |
| Amounts payable within one year | 42/48 | €1,673,200 | €1,467,755 | -€205,446 | -12.3% |
| Financial debts | 43 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Credit institutions | 430/8 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Trade debts | 44 | €116,173 | €119,889 | +€3,716 | +3.2% |
| Suppliers | 440/4 | €116,173 | €119,889 | +€3,716 | +3.2% |
| Taxes, remuneration and social security | 45 | €28,526 | €16,419 | -€12,107 | -42.4% |
| Taxes | 450/3 | €21,047 | €5,421 | -€15,625 | -74.2% |
| Remuneration and social security | 454/9 | €7,480 | €10,997 | +€3,518 | +47.0% |
| Other amounts payable | 47/48 | €1,378,501 | €1,231,447 | -€147,054 | -10.7% |
| Accrued charges and deferred income | 492/3 | €4,901 | €6,553 | +€1,653 | +33.7% |
| Remuneration, social security and pensions | 62 | €63,857 | €67,844 | +€3,987 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,228 | €13,228 | = | 0.0% |
| Other operating charges | 640/8 | €7,499 | €4,481 | -€3,018 | -40.2% |
| Non-recurring operating charges | 66A | €275,702 | - | -€275,702 | |
| Gross operating margin | 9900 | €131,718 | €89,646 | -€42,071 | -31.9% |
| Operating profit (loss) | 9901 | -€228,569 | €4,093 | +€232,662 | |
| Financial income | 75/76B | €22,154 | €2,585 | -€19,569 | -88.3% |
| Recurring financial income | 75 | €22,154 | €2,585 | -€19,569 | -88.3% |
| Financial charges | 65/66B | €31,179 | €24,812 | -€6,367 | -20.4% |
| Recurring financial charges | 65 | €31,179 | €24,812 | -€6,367 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€237,594 | -€18,134 | +€219,460 | +92.4% |
| Income taxes | 67/77 | €323 | - | -€323 | |
| Profit (loss) for the period | 9904 | -€237,917 | -€18,134 | +€219,783 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€237,917 | -€18,134 | +€219,783 | +92.4% |
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 15 October 2026 via checked.be.