T.Y. MANAGEMENT: 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.
T.Y. MANAGEMENT
Largest movements
- Tangible fixed assets -€33,025
down €33,025 (-5.4%), from €607,583 to €574,558
- Debts after one year -€20,195
down €20,195 (-4.5%), from €449,979 to €429,785
- Other debts -€13,700
down €13,700 (-57.6%), from €23,800 to €10,100
- Profit (loss) carried forward +€6,528
up €6,528 (+5.9%), from €109,818 to €116,346
- Gross operating margin -€9,246
down €9,246 (-11.7%), from €78,932 to €69,686
- Depreciation +€1,173
up €1,173 (+2.7%), from €42,714 to €43,887
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 | €610,767 | €581,112 | -€29,656 | -4.9% |
| Fixed assets | 21/28 | €607,583 | €574,558 | -€33,025 | -5.4% |
| Tangible fixed assets | 22/27 | €607,583 | €574,558 | -€33,025 | -5.4% |
| Land and buildings | 22 | €607,583 | €574,558 | -€33,025 | -5.4% |
| Current assets | 29/58 | €3,185 | €6,554 | +€3,369 | +106% |
| Amounts receivable within one year | 40/41 | €2,703 | €6,041 | +€3,338 | +124% |
| Trade receivables | 40 | €2,703 | €6,041 | +€3,338 | +124% |
| Cash at bank and in hand | 54/58 | €367 | €404 | +€37 | +10.2% |
| Deferred charges and accrued income | 490/1 | €115 | €108 | -€7 | -5.7% |
| Total equity and liabilities | 10/49 | €610,767 | €581,112 | -€29,656 | -4.9% |
| Equity | 10/15 | €110,818 | €117,346 | +€6,528 | +5.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,818 | €116,346 | +€6,528 | +5.9% |
| Amounts payable | 17/49 | €499,949 | €463,765 | -€36,184 | -7.2% |
| Amounts payable after more than one year | 17 | €449,979 | €429,785 | -€20,195 | -4.5% |
| Financial debts | 170/4 | €449,979 | €429,785 | -€20,195 | -4.5% |
| Amounts payable within one year | 42/48 | €49,970 | €33,980 | -€15,990 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €19,886 | €20,195 | +€308 | +1.6% |
| Trade debts | 44 | €215 | €287 | +€72 | +33.5% |
| Suppliers | 440/4 | €215 | €287 | +€72 | +33.5% |
| Taxes, remuneration and social security | 45 | €6,069 | €3,399 | -€2,670 | -44.0% |
| Taxes | 450/3 | €6,069 | €3,399 | -€2,670 | -44.0% |
| Other amounts payable | 47/48 | €23,800 | €10,100 | -€13,700 | -57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,714 | €43,887 | +€1,173 | +2.7% |
| Other operating charges | 640/8 | €4,461 | €4,633 | +€172 | +3.9% |
| Gross operating margin | 9900 | €78,932 | €69,686 | -€9,246 | -11.7% |
| Operating profit (loss) | 9901 | €31,757 | €21,166 | -€10,591 | -33.4% |
| Financial charges | 65/66B | €10,249 | €9,971 | -€277 | -2.7% |
| Recurring financial charges | 65 | €10,249 | €9,971 | -€277 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €21,508 | €11,194 | -€10,314 | -48.0% |
| Income taxes | 67/77 | €3,975 | €4,666 | +€691 | +17.4% |
| Profit (loss) for the period | 9904 | €17,534 | €6,528 | -€11,005 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,534 | €6,528 | -€11,005 | -62.8% |
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 28 October 2026 via checked.be.