ROBERT YVAN: what changed
Two fiscal 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.
ROBERT YVAN
Largest movements
- Tangible fixed assets +€43,478
up €43,478 (+320.2%), from €13,576 to €57,054
of which Furniture and vehicles: +€41,202
- Receivables after one year +€16,172
up €16,172 (+29.3%), from €55,246 to €71,418
of which Other amounts receivable: +€16,172
- Stocks and contracts -€9,603
down €9,603 (-21.8%), from €44,138 to €34,535
- Receivables within one year -€7,146
down €7,146 (-4.6%), from €154,009 to €146,864
of which Other amounts receivable: -€19,695
- Short-term financial debts -€30,816
down €30,816 (-58.3%), from €52,846 to €22,029
- Profit (loss) carried forward +€24,329
up €24,329 (+18.5%), from €131,530 to €155,860
- Trade debts +€21,619
up €21,619 (+24.4%), from €88,491 to €110,110
- Debts after one year +€15,734
new in 2025: €15,734
- Other debts +€10,627
up €10,627 (+2214.0%), from €480 to €11,107
- Staff costs -€56,740
down €56,740 (-16.5%), from €343,749 to €287,008
- Write-downs +€33,503
up €33,503, from -€407 to €33,095
- Gross operating margin -€18,899
down €18,899 (-4.6%), from €408,707 to €389,807
- Depreciation +€7,752
up €7,752 (+83.8%), from €9,254 to €17,006
- Financial charges -€6,652
down €6,652 (-54.3%), from €12,241 to €5,589
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 | €317,453 | €361,072 | +€43,619 | +13.7% |
| Fixed assets | 21/28 | €24,095 | €67,573 | +€43,478 | +180.4% |
| Tangible fixed assets | 22/27 | €13,576 | €57,054 | +€43,478 | +320.2% |
| Land and buildings | 22 | €5,064 | €6,540 | +€1,476 | +29.1% |
| Plant, machinery and equipment | 23 | €2,429 | €3,230 | +€800 | +32.9% |
| Furniture and vehicles | 24 | €6,083 | €47,285 | +€41,202 | +677.3% |
| Financial fixed assets | 28 | €10,518 | €10,518 | = | 0.0% |
| Current assets | 29/58 | €293,359 | €293,499 | +€141 | 0.0% |
| Amounts receivable after more than one year | 29 | €55,246 | €71,418 | +€16,172 | +29.3% |
| Trade receivables | 290 | €44,512 | €44,512 | = | 0.0% |
| Other amounts receivable | 291 | €10,733 | €26,905 | +€16,172 | +150.7% |
| Stocks and contracts in progress | 3 | €44,138 | €34,535 | -€9,603 | -21.8% |
| Stocks | 30/36 | €44,138 | €34,535 | -€9,603 | -21.8% |
| Amounts receivable within one year | 40/41 | €154,009 | €146,864 | -€7,146 | -4.6% |
| Trade receivables | 40 | €127,061 | €139,610 | +€12,550 | +9.9% |
| Other amounts receivable | 41 | €26,949 | €7,253 | -€19,695 | -73.1% |
| Cash at bank and in hand | 54/58 | €29,426 | €32,425 | +€2,999 | +10.2% |
| Deferred charges and accrued income | 490/1 | €10,539 | €8,258 | -€2,281 | -21.6% |
| Total equity and liabilities | 10/49 | €317,453 | €361,072 | +€43,619 | +13.7% |
| Equity | 10/15 | €145,790 | €170,120 | +€24,329 | +16.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,530 | €155,860 | +€24,329 | +18.5% |
| Amounts payable | 17/49 | €171,663 | €190,952 | +€19,289 | +11.2% |
| Amounts payable after more than one year | 17 | - | €15,734 | +€15,734 | |
| Financial debts | 170/4 | - | €15,734 | +€15,734 | |
| Amounts payable within one year | 42/48 | €170,239 | €175,050 | +€4,811 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €6,681 | +€6,681 | |
| Financial debts | 43 | €52,846 | €22,029 | -€30,816 | -58.3% |
| Credit institutions | 430/8 | €52,846 | €22,029 | -€30,816 | -58.3% |
| Trade debts | 44 | €88,491 | €110,110 | +€21,619 | +24.4% |
| Suppliers | 440/4 | €88,491 | €110,110 | +€21,619 | +24.4% |
| Advances received on contracts in progress | 46 | €5,199 | €5,453 | +€254 | +4.9% |
| Taxes, remuneration and social security | 45 | €23,224 | €19,669 | -€3,555 | -15.3% |
| Taxes | 450/3 | €9,198 | €5,686 | -€3,513 | -38.2% |
| Remuneration and social security | 454/9 | €14,026 | €13,984 | -€42 | -0.3% |
| Other amounts payable | 47/48 | €480 | €11,107 | +€10,627 | +2214.0% |
| Accrued charges and deferred income | 492/3 | €1,424 | €168 | -€1,255 | -88.2% |
| Non-recurring operating income | 76A | €0 | €438 | +€438 | |
| Remuneration, social security and pensions | 62 | €343,749 | €287,008 | -€56,740 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,254 | €17,006 | +€7,752 | +83.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€407 | €33,095 | +€33,503 | |
| Other operating charges | 640/8 | €6,862 | €13,295 | +€6,433 | +93.7% |
| Non-recurring operating charges | 66A | €750 | €0 | -€750 | -100.0% |
| Gross operating margin | 9900 | €408,707 | €389,807 | -€18,899 | -4.6% |
| Operating profit (loss) | 9901 | €48,500 | €39,404 | -€9,096 | -18.8% |
| Financial income | 75/76B | €4,497 | €1,073 | -€3,424 | -76.1% |
| Recurring financial income | 75 | €4,497 | €1,073 | -€3,424 | -76.1% |
| Financial charges | 65/66B | €12,241 | €5,589 | -€6,652 | -54.3% |
| Recurring financial charges | 65 | €12,241 | €5,589 | -€6,652 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €40,756 | €34,888 | -€5,868 | -14.4% |
| Income taxes | 67/77 | €9,082 | €9,164 | +€82 | +0.9% |
| Profit (loss) for the period | 9904 | €31,674 | €25,724 | -€5,950 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,674 | €25,724 | -€5,950 | -18.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.