Y.C.L.: 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.
Y.C.L.
Largest movements
- Tangible fixed assets +€96,420
up €96,420 (+46.7%), from €206,549 to €302,969
- Cash -€26,377
down €26,377 (-72.0%), from €36,622 to €10,245
mainly Investment in fixed assets (net) (-€107,527) and Receivables within one year (-€24,691)
- Receivables within one year +€24,691
up €24,691 (+1,427%), from €1,730 to €26,422
- Profit (loss) carried forward +€60,399
up €60,399 (+40.6%), from €148,592 to €208,991
- Short-term financial debts +€30,000
new in 2025: €30,000
- Tax, wage and social debts +€5,145
up €5,145 (+1,020%), from €505 to €5,650
- Taxes +€4,641
up €4,641 (+29.9%), from €15,505 to €20,145
- Depreciation +€3,489
up €3,489 (+57.5%), from €6,063 to €9,552
- Other operating charges -€2,304
no longer reported in 2025 (was €2,304)
- Gross operating margin +€1,351
up €1,351 (+1.5%), from €89,234 to €90,585
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 | €245,098 | €341,360 | +€96,262 | +39.3% |
| Fixed assets | 21/28 | €206,549 | €304,524 | +€97,975 | +47.4% |
| Intangible fixed assets | 21 | - | €1,555 | +€1,555 | |
| Tangible fixed assets | 22/27 | €206,549 | €302,969 | +€96,420 | +46.7% |
| Land and buildings | 22 | €206,549 | €302,969 | +€96,420 | +46.7% |
| Current assets | 29/58 | €38,549 | €36,837 | -€1,712 | -4.4% |
| Amounts receivable within one year | 40/41 | €1,730 | €26,422 | +€24,691 | +1,427% |
| Trade receivables | 40 | €1,730 | €26,422 | +€24,691 | +1,427% |
| Cash at bank and in hand | 54/58 | €36,622 | €10,245 | -€26,377 | -72.0% |
| Deferred charges and accrued income | 490/1 | €197 | €171 | -€26 | -13.4% |
| Total equity and liabilities | 10/49 | €245,098 | €341,360 | +€96,262 | +39.3% |
| Equity | 10/15 | €243,677 | €304,076 | +€60,399 | +24.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €64,099 | €64,099 | = | 0.0% |
| Distributable reserves | 133 | €64,099 | €64,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,592 | €208,991 | +€60,399 | +40.6% |
| Amounts payable | 17/49 | €1,421 | €37,284 | +€35,863 | +2,524% |
| Amounts payable within one year | 42/48 | €1,421 | €37,284 | +€35,863 | +2,524% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Other loans | 439 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €916 | €1,634 | +€718 | +78.4% |
| Suppliers | 440/4 | €916 | €1,634 | +€718 | +78.4% |
| Taxes, remuneration and social security | 45 | €505 | €5,650 | +€5,145 | +1,020% |
| Taxes | 450/3 | €505 | €5,650 | +€5,145 | +1,020% |
| Non-recurring operating income | 76A | €359 | - | -€359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,063 | €9,552 | +€3,489 | +57.5% |
| Other operating charges | 640/8 | €2,304 | - | -€2,304 | |
| Gross operating margin | 9900 | €89,234 | €90,585 | +€1,351 | +1.5% |
| Operating profit (loss) | 9901 | €80,867 | €81,033 | +€166 | +0.2% |
| Financial charges | 65/66B | €923 | €489 | -€434 | -47.0% |
| Recurring financial charges | 65 | €923 | €489 | -€434 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | €79,944 | €80,544 | +€600 | +0.8% |
| Income taxes | 67/77 | €15,505 | €20,145 | +€4,641 | +29.9% |
| Profit (loss) for the period | 9904 | €64,440 | €60,399 | -€4,041 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,440 | €60,399 | -€4,041 | -6.3% |
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.