Y.D.C.: 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.D.C.
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+105%), from €1.0m to €2.1m
of which Land and buildings: +€1.1m
- Cash -€163,860
down €163,860 (-82.3%), from €199,129 to €35,269
mainly Investment in fixed assets (net) (-€1.1m) and Trade debts (-€88,891)
- Reserves +€890,167
up €890,167 (+272%), from €327,005 to €1.2m
of which Distributable reserves: +€900,000
- Profit (loss) carried forward -€879,040
down €879,040 (-95.0%), from €925,059 to €46,019
- Debts after one year +€573,218
up €573,218 (+159%), from €361,451 to €934,669
- Other debts +€355,586
up €355,586 (+174%), from €204,714 to €560,300
- Trade debts -€88,891
down €88,891 (-53.2%), from €167,110 to €78,219
- Gross operating margin +€32,920
up €32,920 (+34.9%), from €94,306 to €127,226
- Depreciation +€11,194
up €11,194 (+25.2%), from €44,440 to €55,634
- Financial charges +€4,424
up €4,424 (+13.2%), from €33,430 to €37,854
- Other operating charges +€3,857
up €3,857 (+25.1%), from €15,378 to €19,235
- Financial income -€3,303
down €3,303 (-90.6%), from €3,644 to €341
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 | €2,391,772 | €3,281,564 | +€889,792 | +37.2% |
| Fixed assets | 21/28 | €2,178,728 | €3,242,571 | +€1.1m | +48.8% |
| Tangible fixed assets | 22/27 | €1,014,607 | €2,078,450 | +€1.1m | +105% |
| Land and buildings | 22 | €203,161 | €1,307,779 | +€1.1m | +544% |
| Plant, machinery and equipment | 23 | €34,772 | €27,856 | -€6,916 | -19.9% |
| Other tangible fixed assets | 26 | €776,674 | €742,814 | -€33,860 | -4.4% |
| Financial fixed assets | 28 | €1,164,121 | €1,164,121 | = | 0.0% |
| Current assets | 29/58 | €213,044 | €38,993 | -€174,050 | -81.7% |
| Amounts receivable within one year | 40/41 | €10,271 | €3,383 | -€6,888 | -67.1% |
| Trade receivables | 40 | €369 | €376 | +€7 | +2.0% |
| Other amounts receivable | 41 | €9,902 | €3,007 | -€6,895 | -69.6% |
| Cash at bank and in hand | 54/58 | €199,129 | €35,269 | -€163,860 | -82.3% |
| Deferred charges and accrued income | 490/1 | €3,644 | €341 | -€3,303 | -90.6% |
| Total equity and liabilities | 10/49 | €2,391,772 | €3,281,564 | +€889,792 | +37.2% |
| Equity | 10/15 | €1,432,064 | €1,443,191 | +€11,128 | +0.8% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €327,005 | €1,217,172 | +€890,167 | +272% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €209,005 | €199,172 | -€9,833 | -4.7% |
| Distributable reserves | 133 | €100,000 | €1,000,000 | +€900,000 | +900% |
| Profit (loss) carried forward | 14 | €925,059 | €46,019 | -€879,040 | -95.0% |
| Provisions and deferred taxes | 16 | €85,089 | €81,812 | -€3,278 | -3.9% |
| Provisions for liabilities and charges | 160/5 | €15,421 | €15,421 | = | 0.0% |
| Major repairs and maintenance | 162 | €15,421 | €15,421 | = | 0.0% |
| Deferred taxes | 168 | €69,668 | €66,391 | -€3,278 | -4.7% |
| Amounts payable | 17/49 | €874,619 | €1,756,561 | +€881,942 | +101% |
| Amounts payable after more than one year | 17 | €361,451 | €934,669 | +€573,218 | +159% |
| Financial debts | 170/4 | €361,451 | €934,669 | +€573,218 | +159% |
| Amounts payable within one year | 42/48 | €506,865 | €809,477 | +€302,612 | +59.7% |
| Current portion of amounts payable after more than one year | 42 | €130,712 | €170,957 | +€40,245 | +30.8% |
| Trade debts | 44 | €167,110 | €78,219 | -€88,891 | -53.2% |
| Suppliers | 440/4 | €167,110 | €78,219 | -€88,891 | -53.2% |
| Taxes, remuneration and social security | 45 | €4,329 | €0 | -€4,329 | -100% |
| Taxes | 450/3 | €4,329 | €0 | -€4,329 | -100% |
| Other amounts payable | 47/48 | €204,714 | €560,300 | +€355,586 | +174% |
| Accrued charges and deferred income | 492/3 | €6,303 | €12,415 | +€6,113 | +97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,440 | €55,634 | +€11,194 | +25.2% |
| Other operating charges | 640/8 | €15,378 | €19,235 | +€3,857 | +25.1% |
| Gross operating margin | 9900 | €94,306 | €127,226 | +€32,920 | +34.9% |
| Operating profit (loss) | 9901 | €34,488 | €52,357 | +€17,869 | +51.8% |
| Financial income | 75/76B | €3,644 | €341 | -€3,303 | -90.6% |
| Recurring financial income | 75 | €3,644 | €341 | -€3,303 | -90.6% |
| Financial charges | 65/66B | €33,430 | €37,854 | +€4,424 | +13.2% |
| Recurring financial charges | 65 | €33,430 | €37,854 | +€4,424 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €4,702 | €14,844 | +€10,142 | +216% |
| Transfer from deferred taxes | 780 | €3,278 | €3,278 | = | 0.0% |
| Income taxes | 67/77 | €6,121 | €6,994 | +€873 | +14.3% |
| Profit (loss) for the period | 9904 | €1,859 | €11,128 | +€9,269 | +499% |
| Transfer from tax-exempt reserves | 789 | €9,833 | €9,833 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,691 | €20,960 | +€9,269 | +79.3% |
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.