Y-C-M.WATCH: what changed
Y-C-M.WATCH
Largest movements
- Stocks and contracts -€12,467
down €12,467 (-16.9%), from €73,974 to €61,507
- Cash +€12,248
up €12,248 (+18.3%), from €66,808 to €79,055
mainly Net result for the year (+€19,436) and Stocks and contracts (+€12,467)
- Receivables within one year +€7,067
up €7,067 (+3,773%), from €187 to €7,254
- Profit (loss) carried forward +€19,436
up €19,436 (+80.0%), from €24,301 to €43,737
- Advances received -€13,806
no longer reported in 2025 (was €13,806)
- Trade debts -€9,966
down €9,966 (-57.3%), from €17,395 to €7,428
- Tax, wage and social debts +€6,939
up €6,939 (+69.2%), from €10,021 to €16,960
- Other debts +€3,860
up €3,860 (+5.2%), from €74,526 to €78,386
- Gross operating margin -€4,141
down €4,141 (-13.9%), from €29,842 to €25,701
- Taxes -€611
down €611 (-10.6%), from €5,750 to €5,139
- Other operating charges +€400
new in 2025: €400
- Depreciation +€310
up €310 (+408%), from €76 to €385
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,049 | €148,511 | +€6,462 | +4.5% |
| Fixed assets | 21/28 | €1,080 | €695 | -€385 | -35.7% |
| Tangible fixed assets | 22/27 | €1,080 | €695 | -€385 | -35.7% |
| Furniture and vehicles | 24 | €1,080 | €695 | -€385 | -35.7% |
| Current assets | 29/58 | €140,969 | €147,816 | +€6,847 | +4.9% |
| Stocks and contracts in progress | 3 | €73,974 | €61,507 | -€12,467 | -16.9% |
| Stocks | 30/36 | €73,974 | €61,507 | -€12,467 | -16.9% |
| Amounts receivable within one year | 40/41 | €187 | €7,254 | +€7,067 | +3,773% |
| Trade receivables | 40 | €187 | €7,254 | +€7,067 | +3,773% |
| Cash at bank and in hand | 54/58 | €66,808 | €79,055 | +€12,248 | +18.3% |
| Total equity and liabilities | 10/49 | €142,049 | €148,511 | +€6,462 | +4.5% |
| Equity | 10/15 | €26,301 | €45,737 | +€19,436 | +73.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,301 | €43,737 | +€19,436 | +80.0% |
| Amounts payable | 17/49 | €115,748 | €102,775 | -€12,974 | -11.2% |
| Amounts payable within one year | 42/48 | €115,748 | €102,775 | -€12,974 | -11.2% |
| Trade debts | 44 | €17,395 | €7,428 | -€9,966 | -57.3% |
| Suppliers | 440/4 | €17,395 | €7,428 | -€9,966 | -57.3% |
| Advances received on contracts in progress | 46 | €13,806 | - | -€13,806 | |
| Taxes, remuneration and social security | 45 | €10,021 | €16,960 | +€6,939 | +69.2% |
| Taxes | 450/3 | €10,021 | €16,960 | +€6,939 | +69.2% |
| Other amounts payable | 47/48 | €74,526 | €78,386 | +€3,860 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76 | €385 | +€310 | +408% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €29,842 | €25,701 | -€4,141 | -13.9% |
| Operating profit (loss) | 9901 | €29,766 | €24,916 | -€4,850 | -16.3% |
| Financial income | 75/76B | €171 | €0 | -€171 | -99.9% |
| Recurring financial income | 75 | €171 | €0 | -€171 | -99.9% |
| Financial charges | 65/66B | €529 | €342 | -€188 | -35.5% |
| Recurring financial charges | 65 | €529 | €342 | -€188 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €29,408 | €24,575 | -€4,834 | -16.4% |
| Income taxes | 67/77 | €5,750 | €5,139 | -€611 | -10.6% |
| Profit (loss) for the period | 9904 | €23,658 | €19,436 | -€4,223 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,658 | €19,436 | -€4,223 | -17.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.