Y EARLY: what changed
Y EARLY
Largest movements
- Receivables after one year +€25,328
up €25,328 (+33.9%), from €74,672 to €100,000
- Receivables within one year +€13,941
up €13,941 (+697%), from €2,000 to €15,941
of which Other amounts receivable: +€13,940
- Cash +€1,393
up €1,393 (+7,491%), from €19 to €1,412
mainly Net result for the year (+€42,265) and Tax, wage and social debts (+€4,356)
- Reserves +€42,265
up €42,265 (+127%), from €33,218 to €75,483
- Current portion of long-term debt -€7,163
no longer reported in 2025 (was €7,163)
- Tax, wage and social debts +€4,356
up €4,356 (+12.9%), from €33,838 to €38,194
- Trade debts +€1,204
up €1,204 (+124%), from €972 to €2,176
- Other operating charges -€14,026
down €14,026 (-100.0%), from €14,026 to €0
- Gross operating margin +€11,236
up €11,236 (+24.6%), from €45,651 to €56,887
- Financial income +€1,236
up €1,236 (+31.4%), from €3,929 to €5,165
- Financial charges -€1,057
down €1,057 (-43.5%), from €2,432 to €1,375
- Taxes -€868
down €868 (-4.5%), from €19,279 to €18,411
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 | €76,690 | €117,353 | +€40,663 | +53.0% |
| Formation expenses | 20 | - | €0 | = | |
| Current assets | 29/58 | €76,690 | €117,353 | +€40,663 | +53.0% |
| Amounts receivable after more than one year | 29 | €74,672 | €100,000 | +€25,328 | +33.9% |
| Other amounts receivable | 291 | €74,672 | €100,000 | +€25,328 | +33.9% |
| Amounts receivable within one year | 40/41 | €2,000 | €15,941 | +€13,941 | +697% |
| Trade receivables | 40 | €2,000 | €2,002 | +€2 | +0.1% |
| Other amounts receivable | 41 | - | €13,940 | +€13,940 | |
| Cash at bank and in hand | 54/58 | €19 | €1,412 | +€1,393 | +7,491% |
| Total equity and liabilities | 10/49 | €76,690 | €117,353 | +€40,663 | +53.0% |
| Equity | 10/15 | €34,718 | €76,983 | +€42,265 | +122% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €33,218 | €75,483 | +€42,265 | +127% |
| Distributable reserves | 133 | €33,218 | €75,483 | +€42,265 | +127% |
| Amounts payable | 17/49 | €41,972 | €40,370 | -€1,602 | -3.8% |
| Amounts payable within one year | 42/48 | €41,972 | €40,370 | -€1,602 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €7,163 | - | -€7,163 | |
| Trade debts | 44 | €972 | €2,176 | +€1,204 | +124% |
| Suppliers | 440/4 | €972 | €2,176 | +€1,204 | +124% |
| Taxes, remuneration and social security | 45 | €33,838 | €38,194 | +€4,356 | +12.9% |
| Taxes | 450/3 | €33,838 | €38,194 | +€4,356 | +12.9% |
| Other operating charges | 640/8 | €14,026 | €0 | -€14,026 | -100.0% |
| Gross operating margin | 9900 | €45,651 | €56,887 | +€11,236 | +24.6% |
| Operating profit (loss) | 9901 | €31,625 | €56,887 | +€25,262 | +79.9% |
| Financial income | 75/76B | €3,929 | €5,165 | +€1,236 | +31.4% |
| Recurring financial income | 75 | €3,929 | €5,165 | +€1,236 | +31.4% |
| Financial charges | 65/66B | €2,432 | €1,375 | -€1,057 | -43.5% |
| Recurring financial charges | 65 | €2,432 | €1,375 | -€1,057 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €33,122 | €60,676 | +€27,554 | +83.2% |
| Income taxes | 67/77 | €19,279 | €18,411 | -€868 | -4.5% |
| Profit (loss) for the period | 9904 | €13,843 | €42,265 | +€28,422 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | €13,843 | €42,265 | +€28,422 | +205% |
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 2 November 2026 via checked.be.