LYA Next Project: 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.
LYA Next Project
Largest movements
- Cash -€23,822
down €23,822 (-23.6%), from €101,076 to €77,255
mainly Net result for the year (-€34,133) and Tax, wage and social debts (-€7,937)
- Tangible fixed assets -€16,946
down €16,946 (-34.4%), from €49,250 to €32,304
of which Furniture and vehicles: -€9,470
- Receivables within one year -€6,095
down €6,095 (-13.8%), from €44,288 to €38,193
of which Trade receivables: -€6,067
- Profit (loss) carried forward -€34,133
down €34,133 (-265.6%), from -€12,851 to -€46,984
- Trade debts +€12,025
up €12,025 (+15.0%), from €80,198 to €92,223
- Tax, wage and social debts -€7,937
down €7,937 (-15.9%), from €49,963 to €42,025
of which Taxes: -€11,784
- Debts after one year -€7,690
no longer reported in 2025 (was €7,690)
- Other debts -€5,829
down €5,829 (-64.8%), from €8,998 to €3,169
- Gross operating margin -€9,050
down €9,050 (-15.6%), from €58,092 to €49,042
- Staff costs +€8,706
up €8,706 (+16.6%), from €52,487 to €61,193
- Other operating charges -€4,924
down €4,924 (-57.9%), from €8,498 to €3,574
- Financial charges -€1,242
down €1,242 (-18.4%), from €6,734 to €5,492
- Depreciation +€589
up €589 (+4.9%), from €12,058 to €12,648
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.
Cash bridge derived
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 | €197,295 | €150,123 | -€47,172 | -23.9% |
| Fixed assets | 21/28 | €49,250 | €32,304 | -€16,946 | -34.4% |
| Tangible fixed assets | 22/27 | €49,250 | €32,304 | -€16,946 | -34.4% |
| Plant, machinery and equipment | 23 | €4,066 | €1,737 | -€2,329 | -57.3% |
| Furniture and vehicles | 24 | €20,604 | €11,133 | -€9,470 | -46.0% |
| Other tangible fixed assets | 26 | €24,580 | €19,434 | -€5,146 | -20.9% |
| Current assets | 29/58 | €148,046 | €117,819 | -€30,227 | -20.4% |
| Stocks and contracts in progress | 3 | €426 | €583 | +€157 | +36.8% |
| Stocks | 30/36 | €426 | €583 | +€157 | +36.8% |
| Amounts receivable within one year | 40/41 | €44,288 | €38,193 | -€6,095 | -13.8% |
| Trade receivables | 40 | €31,879 | €25,813 | -€6,067 | -19.0% |
| Other amounts receivable | 41 | €12,409 | €12,381 | -€29 | -0.2% |
| Cash at bank and in hand | 54/58 | €101,076 | €77,255 | -€23,822 | -23.6% |
| Deferred charges and accrued income | 490/1 | €2,255 | €1,788 | -€466 | -20.7% |
| Total equity and liabilities | 10/49 | €197,295 | €150,123 | -€47,172 | -23.9% |
| Equity | 10/15 | €39,149 | €5,016 | -€34,133 | -87.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €32,000 | = | 0.0% |
| Distributable reserves | 133 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,851 | -€46,984 | -€34,133 | -265.6% |
| Amounts payable | 17/49 | €158,146 | €145,107 | -€13,040 | -8.2% |
| Amounts payable after more than one year | 17 | €7,690 | - | -€7,690 | |
| Financial debts | 170/4 | €7,690 | - | -€7,690 | |
| Amounts payable within one year | 42/48 | €147,180 | €145,107 | -€2,073 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €8,022 | €7,690 | -€332 | -4.1% |
| Trade debts | 44 | €80,198 | €92,223 | +€12,025 | +15.0% |
| Suppliers | 440/4 | €80,198 | €92,223 | +€12,025 | +15.0% |
| Taxes, remuneration and social security | 45 | €49,963 | €42,025 | -€7,937 | -15.9% |
| Taxes | 450/3 | €36,795 | €25,011 | -€11,784 | -32.0% |
| Remuneration and social security | 454/9 | €13,168 | €17,015 | +€3,847 | +29.2% |
| Other amounts payable | 47/48 | €8,998 | €3,169 | -€5,829 | -64.8% |
| Accrued charges and deferred income | 492/3 | €3,276 | - | -€3,276 | |
| Non-recurring operating income | 76A | - | €223 | +€223 | |
| Remuneration, social security and pensions | 62 | €52,487 | €61,193 | +€8,706 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,058 | €12,648 | +€589 | +4.9% |
| Other operating charges | 640/8 | €8,498 | €3,574 | -€4,924 | -57.9% |
| Gross operating margin | 9900 | €58,092 | €49,042 | -€9,050 | -15.6% |
| Operating profit (loss) | 9901 | -€14,951 | -€28,372 | -€13,421 | -89.8% |
| Financial income | 75/76B | €66 | €0 | -€66 | -99.7% |
| Recurring financial income | 75 | €66 | €0 | -€66 | -99.7% |
| Financial charges | 65/66B | €6,734 | €5,492 | -€1,242 | -18.4% |
| Recurring financial charges | 65 | €6,734 | €5,492 | -€1,242 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,619 | -€33,864 | -€12,246 | -56.6% |
| Income taxes | 67/77 | €231 | €269 | +€37 | +16.2% |
| Profit (loss) for the period | 9904 | -€21,850 | -€34,133 | -€12,283 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,850 | -€34,133 | -€12,283 | -56.2% |
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 9 October 2026 via checked.be.