VY & MY: 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.
VY & MY
Largest movements
- Cash -€3,529
down €3,529 (-73.0%), from €4,836 to €1,307
mainly Net result for the year (-€15,904) and Advances received (-€3,404)
- Receivables within one year +€418
up €418 (+63.8%), from €655 to €1,073
of which Trade receivables: +€1,073
- Other debts +€16,187
up €16,187 (+66.2%), from €24,437 to €40,624
- Profit (loss) carried forward -€15,904
down €15,904 (-19.3%), from -€82,435 to -€98,339
- Advances received -€3,404
no longer reported in 2025 (was €3,404)
- Tax, wage and social debts +€698
new in 2025: €698
- Trade debts -€688
down €688 (-12.9%), from €5,313 to €4,625
- Gross operating margin -€15,137
down €15,137, from €1,539 to -€13,598
- Other operating charges +€1,180
up €1,180 (+220%), from €536 to €1,716
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 | €39,380 | €36,269 | -€3,111 | -7.9% |
| Fixed assets | 21/28 | €7,719 | €7,719 | = | 0.0% |
| Tangible fixed assets | 22/27 | €7,719 | €7,719 | = | 0.0% |
| Furniture and vehicles | 24 | €7,719 | €7,719 | = | 0.0% |
| Current assets | 29/58 | €31,661 | €28,550 | -€3,111 | -9.8% |
| Stocks and contracts in progress | 3 | €26,170 | €26,170 | = | 0.0% |
| Stocks | 30/36 | €26,170 | €26,170 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €655 | €1,073 | +€418 | +63.8% |
| Trade receivables | 40 | - | €1,073 | +€1,073 | |
| Other amounts receivable | 41 | €655 | - | -€655 | |
| Cash at bank and in hand | 54/58 | €4,836 | €1,307 | -€3,529 | -73.0% |
| Total equity and liabilities | 10/49 | €39,380 | €36,269 | -€3,111 | -7.9% |
| Equity | 10/15 | €6,226 | -€9,678 | -€15,904 | |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Contributions outside capital | 11 | €88,600 | €88,600 | = | 0.0% |
| Share premium | 1100/10 | €88,600 | €88,600 | = | 0.0% |
| Reserves | 13 | €61 | €61 | = | 0.0% |
| Non-distributable reserves | 130/1 | €61 | €61 | = | 0.0% |
| Legal reserve | 130 | €61 | €61 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,435 | -€98,339 | -€15,904 | -19.3% |
| Amounts payable | 17/49 | €33,154 | €45,947 | +€12,793 | +38.6% |
| Amounts payable within one year | 42/48 | €33,154 | €45,947 | +€12,793 | +38.6% |
| Trade debts | 44 | €5,313 | €4,625 | -€688 | -12.9% |
| Suppliers | 440/4 | €5,313 | €4,625 | -€688 | -12.9% |
| Advances received on contracts in progress | 46 | €3,404 | - | -€3,404 | |
| Taxes, remuneration and social security | 45 | - | €698 | +€698 | |
| Taxes | 450/3 | - | €698 | +€698 | |
| Other amounts payable | 47/48 | €24,437 | €40,624 | +€16,187 | +66.2% |
| Other operating charges | 640/8 | €536 | €1,716 | +€1,180 | +220% |
| Gross operating margin | 9900 | €1,539 | -€13,598 | -€15,137 | |
| Operating profit (loss) | 9901 | €1,003 | -€15,314 | -€16,317 | |
| Financial charges | 65/66B | €513 | €590 | +€77 | +15.0% |
| Recurring financial charges | 65 | €513 | €590 | +€77 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €490 | -€15,904 | -€16,394 | |
| Profit (loss) for the period | 9904 | €490 | -€15,904 | -€16,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €490 | -€15,904 | -€16,394 |
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 21 October 2026 via checked.be.