Y.L.W.: 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.L.W.
Largest movements
- Tangible fixed assets +€36,044
up €36,044 (+45.6%), from €79,042 to €115,086
of which Other tangible fixed assets: +€100,277
- Receivables within one year -€22,781
no longer reported in 2025 (was €22,781)
- Current investments +€8,000
up €8,000 (+34.8%), from €23,000 to €31,000
- Tax, wage and social debts -€19,005
down €19,005 (-42.7%), from €44,546 to €25,541
of which Remuneration and social security: -€10,519
- Debts after one year +€14,988
up €14,988 (+40.5%), from €36,980 to €51,968
- Reserves +€13,022
up €13,022 (+15.8%), from €82,170 to €95,192
- Profit (loss) carried forward +€6,090
no longer reported in 2025 (was -€6,090)
- Other debts +€2,367
up €2,367 (+44.1%), from €5,369 to €7,737
- Gross operating margin +€19,986
up €19,986 (+11.1%), from €180,011 to €199,997
- Staff costs -€13,205
down €13,205 (-8.3%), from €158,979 to €145,774
- Depreciation +€10,761
up €10,761 (+76.4%), from €14,084 to €24,845
- Financial income +€3,147
up €3,147 (+574%), from €548 to €3,695
- Financial charges +€2,276
up €2,276 (+151%), from €1,505 to €3,781
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 | €185,430 | €203,064 | +€17,634 | +9.5% |
| Fixed assets | 21/28 | €79,042 | €115,086 | +€36,044 | +45.6% |
| Tangible fixed assets | 22/27 | €79,042 | €115,086 | +€36,044 | +45.6% |
| Furniture and vehicles | 24 | €29,042 | €14,809 | -€14,233 | -49.0% |
| Other tangible fixed assets | 26 | - | €100,277 | +€100,277 | |
| Assets under construction and advance payments | 27 | €50,000 | - | -€50,000 | |
| Current assets | 29/58 | €106,388 | €87,978 | -€18,410 | -17.3% |
| Stocks and contracts in progress | 3 | €11,085 | €9,909 | -€1,176 | -10.6% |
| Stocks | 30/36 | €11,085 | €9,909 | -€1,176 | -10.6% |
| Amounts receivable within one year | 40/41 | €22,781 | - | -€22,781 | |
| Other amounts receivable | 41 | €22,781 | - | -€22,781 | |
| Current investments | 50/53 | €23,000 | €31,000 | +€8,000 | +34.8% |
| Cash at bank and in hand | 54/58 | €33,817 | €33,163 | -€654 | -1.9% |
| Deferred charges and accrued income | 490/1 | €15,705 | €13,906 | -€1,799 | -11.5% |
| Total equity and liabilities | 10/49 | €185,430 | €203,064 | +€17,634 | +9.5% |
| Equity | 10/15 | €81,080 | €100,192 | +€19,112 | +23.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €82,170 | €95,192 | +€13,022 | +15.8% |
| Distributable reserves | 133 | €82,170 | €95,192 | +€13,022 | +15.8% |
| Profit (loss) carried forward | 14 | -€6,090 | - | +€6,090 | |
| Amounts payable | 17/49 | €104,350 | €102,872 | -€1,478 | -1.4% |
| Amounts payable after more than one year | 17 | €36,980 | €51,968 | +€14,988 | +40.5% |
| Financial debts | 170/4 | €36,980 | €51,968 | +€14,988 | +40.5% |
| Amounts payable within one year | 42/48 | €66,074 | €50,506 | -€15,568 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €13,020 | €13,493 | +€473 | +3.6% |
| Trade debts | 44 | €3,138 | €3,735 | +€597 | +19.0% |
| Suppliers | 440/4 | €3,138 | €3,735 | +€597 | +19.0% |
| Taxes, remuneration and social security | 45 | €44,546 | €25,541 | -€19,005 | -42.7% |
| Taxes | 450/3 | €22,275 | €13,790 | -€8,485 | -38.1% |
| Remuneration and social security | 454/9 | €22,271 | €11,751 | -€10,519 | -47.2% |
| Other amounts payable | 47/48 | €5,369 | €7,737 | +€2,367 | +44.1% |
| Accrued charges and deferred income | 492/3 | €1,296 | €399 | -€898 | -69.2% |
| Non-recurring operating income | 76A | - | €1,118 | +€1,118 | |
| Remuneration, social security and pensions | 62 | €158,979 | €145,774 | -€13,205 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,084 | €24,845 | +€10,761 | +76.4% |
| Other operating charges | 640/8 | €6,479 | €7,846 | +€1,367 | +21.1% |
| Gross operating margin | 9900 | €180,011 | €199,997 | +€19,986 | +11.1% |
| Operating profit (loss) | 9901 | €469 | €21,532 | +€21,063 | +4,489% |
| Financial income | 75/76B | €548 | €3,695 | +€3,147 | +574% |
| Recurring financial income | 75 | €548 | €3,695 | +€3,147 | +574% |
| Financial charges | 65/66B | €1,505 | €3,781 | +€2,276 | +151% |
| Recurring financial charges | 65 | €1,505 | €3,781 | +€2,276 | +151% |
| Profit (loss) for the period before taxes | 9903 | -€488 | €21,445 | +€21,934 | |
| Income taxes | 67/77 | €156 | €1,453 | +€1,297 | +830% |
| Profit (loss) for the period | 9904 | -€644 | €19,992 | +€20,636 | |
| Profit (loss) for the period to be appropriated | 9905 | -€644 | €19,992 | +€20,636 |
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 20 October 2026 via checked.be.