Y-Concept: what changed
What changed
Y-Concept
NACE 41.003, General construction of other non-residential buildings
filed annual accounts (NBB)
Net result for the year
€10,495
2024 · €37,101-€26,606
Equity
€493,852
2024 · €483,357+€10,495
Cash
€11,777
2024 · €17,176-€5,399
Balance sheet total
€856,232
2024 · €855,858+€374
Largest movements
Assets
- Receivables within one year +€38,943
up €38,943 (+16.7%), from €233,534 to €272,477
of which Other amounts receivable: +€39,445
- Tangible fixed assets -€34,244
down €34,244 (-19.8%), from €173,383 to €139,139
of which Furniture and vehicles: -€24,175
Equity and liabilities
- Other debts -€58,757
down €58,757 (-38.1%), from €154,361 to €95,604
- Debts after one year +€42,830
up €42,830 (+44.4%), from €96,481 to €139,311
- Tax, wage and social debts -€24,608
down €24,608 (-37.4%), from €65,783 to €41,175
of which Taxes: -€23,419
- Trade debts +€13,604
up €13,604 (+135%), from €10,067 to €23,671
- Current portion of long-term debt +€12,589
up €12,589 (+27.5%), from €45,809 to €58,397
Income statement
- Gross operating margin -€29,106
down €29,106 (-20.9%), from €139,118 to €110,012
- Taxes -€7,360
down €7,360 (-52.3%), from €14,080 to €6,720
- Financial charges +€5,659
up €5,659 (+51.0%), from €11,095 to €16,754
- Depreciation +€5,521
up €5,521 (+19.2%), from €28,723 to €34,244
- Staff costs -€5,196
down €5,196 (-11.1%), from €46,819 to €41,624
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.
Result 2024
€37,101
Gross operating margin
-€29,106
Staff costs
+€5,196
Depreciation
-€5,521
Other operating charges
-€693
Financial income
+€1,817
Financial charges
-€5,659
Taxes
+€7,360
Result 2025
€10,495
raises the resultlowers the result
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.
From operations
-€65,039
Investment
€0
Financing
+€59,640
Cash 2024
€17,176
From operations (derived)
-€65,039
Net result for the year
+€10,495
Depreciation
+€34,244
Receivables within one year
-€38,943
Deferred charges and accrued income
-€1,075
Trade debts
+€13,604
Tax, wage and social debts
-€24,608
Other debts
-€58,757
Financing
+€59,640
Debts after one year
+€42,830
Current portion of long-term debt
+€12,589
Short-term financial debts
+€4,222
Cash 2025
€11,777
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €855,858 | €856,232 | +€374 | 0.0% |
| Fixed assets | 21/28 | €603,345 | €569,100 | -€34,244 | -5.7% |
| Tangible fixed assets | 22/27 | €173,383 | €139,139 | -€34,244 | -19.8% |
| Land and buildings | 22 | €95,200 | €89,600 | -€5,600 | -5.9% |
| Plant, machinery and equipment | 23 | €13,939 | €9,470 | -€4,469 | -32.1% |
| Furniture and vehicles | 24 | €64,244 | €40,069 | -€24,175 | -37.6% |
| Financial fixed assets | 28 | €429,962 | €429,962 | = | 0.0% |
| Current assets | 29/58 | €252,513 | €287,131 | +€34,618 | +13.7% |
| Amounts receivable within one year | 40/41 | €233,534 | €272,477 | +€38,943 | +16.7% |
| Trade receivables | 40 | €32,690 | €32,187 | -€502 | -1.5% |
| Other amounts receivable | 41 | €200,844 | €240,289 | +€39,445 | +19.6% |
| Cash at bank and in hand | 54/58 | €17,176 | €11,777 | -€5,399 | -31.4% |
| Deferred charges and accrued income | 490/1 | €1,803 | €2,878 | +€1,075 | +59.6% |
| Total equity and liabilities | 10/49 | €855,858 | €856,232 | +€374 | 0.0% |
| Equity | 10/15 | €483,357 | €493,852 | +€10,495 | +2.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €61,850 | €61,850 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €407,247 | €417,742 | +€10,495 | +2.6% |
| Amounts payable | 17/49 | €372,500 | €362,379 | -€10,121 | -2.7% |
| Amounts payable after more than one year | 17 | €96,481 | €139,311 | +€42,830 | +44.4% |
| Financial debts | 170/4 | €96,481 | €139,311 | +€42,830 | +44.4% |
| Amounts payable within one year | 42/48 | €276,020 | €223,069 | -€52,951 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €45,809 | €58,397 | +€12,589 | +27.5% |
| Financial debts | 43 | - | €4,222 | +€4,222 | |
| Credit institutions | 430/8 | - | €4,222 | +€4,222 | |
| Trade debts | 44 | €10,067 | €23,671 | +€13,604 | +135% |
| Suppliers | 440/4 | €10,067 | €23,671 | +€13,604 | +135% |
| Taxes, remuneration and social security | 45 | €65,783 | €41,175 | -€24,608 | -37.4% |
| Taxes | 450/3 | €55,340 | €31,921 | -€23,419 | -42.3% |
| Remuneration and social security | 454/9 | €10,442 | €9,253 | -€1,189 | -11.4% |
| Other amounts payable | 47/48 | €154,361 | €95,604 | -€58,757 | -38.1% |
| Remuneration, social security and pensions | 62 | €46,819 | €41,624 | -€5,196 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,723 | €34,244 | +€5,521 | +19.2% |
| Other operating charges | 640/8 | €1,752 | €2,445 | +€693 | +39.5% |
| Gross operating margin | 9900 | €139,118 | €110,012 | -€29,106 | -20.9% |
| Operating profit (loss) | 9901 | €61,824 | €31,699 | -€30,125 | -48.7% |
| Financial income | 75/76B | €453 | €2,270 | +€1,817 | +401% |
| Recurring financial income | 75 | €453 | €2,270 | +€1,817 | +401% |
| Financial charges | 65/66B | €11,095 | €16,754 | +€5,659 | +51.0% |
| Recurring financial charges | 65 | €11,095 | €16,754 | +€5,659 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €51,181 | €17,215 | -€33,966 | -66.4% |
| Income taxes | 67/77 | €14,080 | €6,720 | -€7,360 | -52.3% |
| Profit (loss) for the period | 9904 | €37,101 | €10,495 | -€26,606 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,101 | €10,495 | -€26,606 | -71.7% |
Next steps
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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 1 November 2026 via checked.be.