Y COMPANY: 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 COMPANY
Largest movements
- Receivables after one year +€4.3m
new in 2025: €4.3m
- Receivables within one year +€867,787
up €867,787 (+1,051%), from €82,555 to €950,343
of which Other amounts receivable: +€843,424
- Financial fixed assets +€250,000
up €250,000 (+1.7%), from €14.6m to €14.9m
- Contributions +€5.2m
up €5.2m (+62.4%), from €8.3m to €13.4m
- Reserves +€1.0m
up €1.0m (+40.6%), from €2.5m to €3.5m
- Current portion of long-term debt -€500,001
down €500,001 (-40.0%), from €1.3m to €750,000
- Debts after one year -€333,333
down €333,333 (-10.0%), from €3.3m to €3.0m
- Financial income -€1.7m
down €1.7m (-60.0%), from €2.8m to €1.1m
- Gross operating margin +€146,755
up €146,755, from -€17,999 to €128,756
- Financial charges -€55,790
down €55,790 (-18.2%), from €307,364 to €251,573
- Depreciation -€4,577
no longer reported in 2025 (was €4,577)
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 | €15,424,405 | €20,749,240 | +€5.3m | +34.5% |
| Fixed assets | 21/28 | €14,600,000 | €14,850,000 | +€250,000 | +1.7% |
| Financial fixed assets | 28 | €14,600,000 | €14,850,000 | +€250,000 | +1.7% |
| Current assets | 29/58 | €824,405 | €5,899,240 | +€5.1m | +616% |
| Amounts receivable after more than one year | 29 | - | €4,291,667 | +€4.3m | |
| Other amounts receivable | 291 | - | €4,291,667 | +€4.3m | |
| Amounts receivable within one year | 40/41 | €82,555 | €950,343 | +€867,787 | +1,051% |
| Trade receivables | 40 | €64,943 | €89,306 | +€24,363 | +37.5% |
| Other amounts receivable | 41 | €17,612 | €861,037 | +€843,424 | +4,789% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €640,789 | €588,130 | -€52,659 | -8.2% |
| Deferred charges and accrued income | 490/1 | €1,061 | €69,102 | +€68,041 | +6,414% |
| Total equity and liabilities | 10/49 | €15,424,405 | €20,749,240 | +€5.3m | +34.5% |
| Equity | 10/15 | €10,724,277 | €16,872,311 | +€6.1m | +57.3% |
| Contributions | 10/11 | €8,250,000 | €13,400,000 | +€5.2m | +62.4% |
| Reserves | 13 | €2,470,000 | €3,472,000 | +€1.0m | +40.6% |
| Distributable reserves | 133 | €2,470,000 | €3,472,000 | +€1.0m | +40.6% |
| Profit (loss) carried forward | 14 | €4,277 | €311 | -€3,965 | -92.7% |
| Amounts payable | 17/49 | €4,700,128 | €3,876,929 | -€823,200 | -17.5% |
| Amounts payable after more than one year | 17 | €3,333,333 | €3,000,000 | -€333,333 | -10.0% |
| Financial debts | 170/4 | €3,333,333 | €3,000,000 | -€333,333 | -10.0% |
| Amounts payable within one year | 42/48 | €1,252,050 | €845,885 | -€406,165 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €1,250,001 | €750,000 | -€500,001 | -40.0% |
| Trade debts | 44 | €2,050 | €92,339 | +€90,289 | +4,405% |
| Suppliers | 440/4 | €2,050 | €92,339 | +€90,289 | +4,405% |
| Taxes, remuneration and social security | 45 | - | €3,546 | +€3,546 | |
| Taxes | 450/3 | - | €3,546 | +€3,546 | |
| Accrued charges and deferred income | 492/3 | €114,745 | €31,044 | -€83,702 | -72.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,577 | - | -€4,577 | |
| Other operating charges | 640/8 | €1,317 | €646 | -€671 | -50.9% |
| Gross operating margin | 9900 | -€17,999 | €128,756 | +€146,755 | |
| Operating profit (loss) | 9901 | -€23,894 | €128,110 | +€152,004 | |
| Financial income | 75/76B | €2,805,534 | €1,121,498 | -€1.7m | -60.0% |
| Recurring financial income | 75 | €2,805,534 | €1,121,498 | -€1.7m | -60.0% |
| Financial charges | 65/66B | €307,364 | €251,573 | -€55,790 | -18.2% |
| Recurring financial charges | 65 | €307,364 | €251,573 | -€55,790 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €2,474,277 | €998,035 | -€1.5m | -59.7% |
| Profit (loss) for the period | 9904 | €2,474,277 | €998,035 | -€1.5m | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,474,277 | €998,035 | -€1.5m | -59.7% |
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 25 October 2026 via checked.be.