L.Y.: 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.
L.Y.
Largest movements
- Receivables within one year +€16,479
up €16,479 (+143%), from €11,535 to €28,014
- Cash -€10,188
down €10,188 (-59.3%), from €17,175 to €6,987
mainly Receivables within one year (-€16,479) and Tax, wage and social debts (-€3,581)
- Tangible fixed assets -€10,056
down €10,056 (-30.5%), from €32,995 to €22,939
of which Furniture and vehicles: -€5,600
- Financial fixed assets +€1,900
new in 2025: €1,900
- Stocks and contracts +€1,281
up €1,281 (+14.7%), from €8,709 to €9,990
- Tax, wage and social debts -€3,581
down €3,581 (-10.4%), from €34,477 to €30,896
of which Taxes: -€7,260
- Trade debts +€3,430
up €3,430 (+23.6%), from €14,541 to €17,971
- Short-term financial debts +€3,375
new in 2025: €3,375
- Accrued charges and deferred income -€3,137
no longer reported in 2025 (was €3,137)
- Profit (loss) carried forward -€742
down €742 (-164%), from -€452 to -€1,194
- Gross operating margin -€32,479
down €32,479 (-27.0%), from €120,328 to €87,849
- Staff costs +€8,851
up €8,851 (+16.1%), from €55,129 to €63,980
- Financial income -€6,226
down €6,226 (-94.7%), from €6,572 to €346
- Depreciation -€3,942
down €3,942 (-26.0%), from €15,186 to €11,244
- Taxes -€2,767
down €2,767 (-51.0%), from €5,427 to €2,660
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 | €70,783 | €69,878 | -€905 | -1.3% |
| Fixed assets | 21/28 | €32,995 | €24,839 | -€8,156 | -24.7% |
| Tangible fixed assets | 22/27 | €32,995 | €22,939 | -€10,056 | -30.5% |
| Plant, machinery and equipment | 23 | - | €1,021 | +€1,021 | |
| Furniture and vehicles | 24 | €13,566 | €7,966 | -€5,600 | -41.3% |
| Other tangible fixed assets | 26 | €19,429 | €13,953 | -€5,477 | -28.2% |
| Financial fixed assets | 28 | - | €1,900 | +€1,900 | |
| Current assets | 29/58 | €37,788 | €45,039 | +€7,251 | +19.2% |
| Stocks and contracts in progress | 3 | €8,709 | €9,990 | +€1,281 | +14.7% |
| Stocks | 30/36 | €8,709 | €9,990 | +€1,281 | +14.7% |
| Amounts receivable within one year | 40/41 | €11,535 | €28,014 | +€16,479 | +143% |
| Other amounts receivable | 41 | €11,535 | €28,014 | +€16,479 | +143% |
| Cash at bank and in hand | 54/58 | €17,175 | €6,987 | -€10,188 | -59.3% |
| Deferred charges and accrued income | 490/1 | €368 | €48 | -€321 | -87.1% |
| Total equity and liabilities | 10/49 | €70,783 | €69,878 | -€905 | -1.3% |
| Equity | 10/15 | €18,378 | €17,637 | -€742 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €230 | €230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €230 | €230 | = | 0.0% |
| Reserves not available under the articles | 1311 | €230 | €230 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€452 | -€1,194 | -€742 | -164% |
| Amounts payable | 17/49 | €52,405 | €52,242 | -€163 | -0.3% |
| Amounts payable within one year | 42/48 | €49,267 | €52,242 | +€2,974 | +6.0% |
| Financial debts | 43 | - | €3,375 | +€3,375 | |
| Credit institutions | 430/8 | - | €3,375 | +€3,375 | |
| Trade debts | 44 | €14,541 | €17,971 | +€3,430 | +23.6% |
| Suppliers | 440/4 | €14,541 | €17,971 | +€3,430 | +23.6% |
| Taxes, remuneration and social security | 45 | €34,477 | €30,896 | -€3,581 | -10.4% |
| Taxes | 450/3 | €24,933 | €17,673 | -€7,260 | -29.1% |
| Remuneration and social security | 454/9 | €9,545 | €13,223 | +€3,678 | +38.5% |
| Other amounts payable | 47/48 | €249 | - | -€249 | |
| Accrued charges and deferred income | 492/3 | €3,137 | - | -€3,137 | |
| Remuneration, social security and pensions | 62 | €55,129 | €63,980 | +€8,851 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,186 | €11,244 | -€3,942 | -26.0% |
| Other operating charges | 640/8 | €6,640 | €5,818 | -€822 | -12.4% |
| Gross operating margin | 9900 | €120,328 | €87,849 | -€32,479 | -27.0% |
| Operating profit (loss) | 9901 | €43,373 | €6,808 | -€36,565 | -84.3% |
| Financial income | 75/76B | €6,572 | €346 | -€6,226 | -94.7% |
| Recurring financial income | 75 | €6,572 | €346 | -€6,226 | -94.7% |
| Financial charges | 65/66B | €6,455 | €5,236 | -€1,219 | -18.9% |
| Recurring financial charges | 65 | €6,455 | €5,236 | -€1,219 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €43,491 | €1,918 | -€41,573 | -95.6% |
| Income taxes | 67/77 | €5,427 | €2,660 | -€2,767 | -51.0% |
| Profit (loss) for the period | 9904 | €38,064 | -€742 | -€38,805 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,064 | -€742 | -€38,805 |
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.