Van der Elst Yannick: 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.
Van der Elst Yannick
Largest movements
- Receivables within one year +€225,982
up €225,982 (+168%), from €134,306 to €360,288
of which Trade receivables: +€224,105
- Tangible fixed assets +€7,407
up €7,407 (+9.6%), from €76,895 to €84,302
of which Furniture and vehicles: +€11,511
- Trade debts +€191,626
up €191,626 (+190%), from €100,910 to €292,535
- Advances received +€60,522
up €60,522 (+2,631%), from €2,300 to €62,822
- Debts after one year -€23,436
down €23,436 (-32.6%), from €71,988 to €48,551
- Current portion of long-term debt -€8,336
down €8,336 (-26.2%), from €31,772 to €23,436
- Short-term financial debts +€7,688
up €7,688 (+106%), from €7,261 to €14,949
- Gross operating margin +€34,315
up €34,315 (+34.5%), from €99,444 to €133,759
- Staff costs +€32,301
up €32,301 (+40.3%), from €80,151 to €112,452
- Taxes +€3,240
up €3,240 (+188%), from €1,722 to €4,963
- Financial charges -€1,547
down €1,547 (-18.7%), from €8,267 to €6,721
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 | €251,199 | €485,356 | +€234,158 | +93.2% |
| Fixed assets | 21/28 | €76,895 | €84,552 | +€7,657 | +10.0% |
| Tangible fixed assets | 22/27 | €76,895 | €84,302 | +€7,407 | +9.6% |
| Furniture and vehicles | 24 | €3,395 | €14,905 | +€11,511 | +339% |
| Other tangible fixed assets | 26 | €73,501 | €69,397 | -€4,104 | -5.6% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €174,303 | €400,804 | +€226,501 | +130% |
| Stocks and contracts in progress | 3 | €34,728 | €31,250 | -€3,478 | -10.0% |
| Stocks | 30/36 | €34,728 | €31,250 | -€3,478 | -10.0% |
| Amounts receivable within one year | 40/41 | €134,306 | €360,288 | +€225,982 | +168% |
| Trade receivables | 40 | €102,842 | €326,946 | +€224,105 | +218% |
| Other amounts receivable | 41 | €31,464 | €33,341 | +€1,877 | +6.0% |
| Current investments | 50/53 | €1,610 | €2,310 | +€700 | +43.5% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €3,659 | €6,956 | +€3,297 | +90.1% |
| Total equity and liabilities | 10/49 | €251,199 | €485,356 | +€234,158 | +93.2% |
| Equity | 10/15 | €35,211 | €36,973 | +€1,762 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,501 | €18,263 | +€1,762 | +10.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €14,646 | €16,408 | +€1,762 | +12.0% |
| Profit (loss) carried forward | 14 | €12,510 | €12,510 | = | 0.0% |
| Amounts payable | 17/49 | €215,988 | €448,383 | +€232,396 | +108% |
| Amounts payable after more than one year | 17 | €71,988 | €48,551 | -€23,436 | -32.6% |
| Financial debts | 170/4 | €71,988 | €48,551 | -€23,436 | -32.6% |
| Amounts payable within one year | 42/48 | €144,000 | €399,832 | +€255,832 | +178% |
| Current portion of amounts payable after more than one year | 42 | €31,772 | €23,436 | -€8,336 | -26.2% |
| Financial debts | 43 | €7,261 | €14,949 | +€7,688 | +106% |
| Credit institutions | 430/8 | €7,261 | €14,949 | +€7,688 | +106% |
| Trade debts | 44 | €100,910 | €292,535 | +€191,626 | +190% |
| Suppliers | 440/4 | €100,910 | €292,535 | +€191,626 | +190% |
| Advances received on contracts in progress | 46 | €2,300 | €62,822 | +€60,522 | +2,631% |
| Taxes, remuneration and social security | 45 | €1,758 | €6,089 | +€4,332 | +246% |
| Taxes | 450/3 | €1,758 | €4,813 | +€3,055 | +174% |
| Remuneration and social security | 454/9 | - | €1,277 | +€1,277 | |
| Non-recurring operating income | 76A | €9,000 | €0 | -€9,000 | -100% |
| Remuneration, social security and pensions | 62 | €80,151 | €112,452 | +€32,301 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,356 | €5,593 | -€763 | -12.0% |
| Other operating charges | 640/8 | €4,004 | €3,860 | -€144 | -3.6% |
| Non-recurring operating charges | 66A | €1,258 | €0 | -€1,258 | -100% |
| Gross operating margin | 9900 | €99,444 | €133,759 | +€34,315 | +34.5% |
| Operating profit (loss) | 9901 | €7,675 | €11,854 | +€4,179 | +54.4% |
| Financial income | 75/76B | €1,500 | €1,591 | +€91 | +6.1% |
| Recurring financial income | 75 | €1,500 | €1,591 | +€91 | +6.1% |
| Financial charges | 65/66B | €8,267 | €6,721 | -€1,547 | -18.7% |
| Recurring financial charges | 65 | €8,267 | €6,721 | -€1,547 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €908 | €6,725 | +€5,817 | +640% |
| Income taxes | 67/77 | €1,722 | €4,963 | +€3,240 | +188% |
| Profit (loss) for the period | 9904 | -€814 | €1,762 | +€2,576 | |
| Profit (loss) for the period to be appropriated | 9905 | -€814 | €1,762 | +€2,576 |
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 30 October 2026 via checked.be.