Y & Y: 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 & Y
Largest movements
- Cash +€14,133
up €14,133 (+34.6%), from €40,866 to €54,999
mainly Depreciation (+€24,879) and Net result for the year (+€24,836)
- Tangible fixed assets -€4,612
down €4,612 (-3.9%), from €117,915 to €113,303
of which Land and buildings: -€9,974
- Receivables within one year -€2,161
down €2,161 (-7.4%), from €29,076 to €26,915
of which Other amounts receivable: -€1,740
- Reserves +€21,091
up €21,091 (+22.9%), from €92,009 to €113,100
- Debts after one year -€10,975
down €10,975 (-14.7%), from €74,464 to €63,489
- Tax, wage and social debts +€10,793
up €10,793 (+184%), from €5,880 to €16,674
of which Taxes: +€9,163
- Other debts -€9,721
no longer reported in 2025 (was €9,721)
- Trade debts -€9,293
no longer reported in 2025 (was €9,293)
- Gross operating margin +€89,516
up €89,516 (+204%), from €43,774 to €133,290
- Staff costs +€48,578
up €48,578 (+309%), from €15,696 to €64,274
- Taxes +€15,183
up €15,183 (+1,029%), from €1,476 to €16,658
- Other operating charges -€6,361
down €6,361 (-82.5%), from €7,713 to €1,352
- Depreciation +€4,004
up €4,004 (+19.2%), from €20,875 to €24,879
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 | €202,433 | €207,237 | +€4,804 | +2.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €127,477 | €120,953 | -€6,525 | -5.1% |
| Intangible fixed assets | 21 | €9,563 | €7,650 | -€1,913 | -20.0% |
| Tangible fixed assets | 22/27 | €117,915 | €113,303 | -€4,612 | -3.9% |
| Land and buildings | 22 | €99,110 | €89,136 | -€9,974 | -10.1% |
| Plant, machinery and equipment | 23 | €10,299 | €7,858 | -€2,441 | -23.7% |
| Furniture and vehicles | 24 | €5,047 | €13,344 | +€8,297 | +164% |
| Other tangible fixed assets | 26 | €3,458 | €2,964 | -€494 | -14.3% |
| Current assets | 29/58 | €74,956 | €86,284 | +€11,329 | +15.1% |
| Amounts receivable within one year | 40/41 | €29,076 | €26,915 | -€2,161 | -7.4% |
| Trade receivables | 40 | €27,290 | €26,870 | -€420 | -1.5% |
| Other amounts receivable | 41 | €1,786 | €46 | -€1,740 | -97.4% |
| Cash at bank and in hand | 54/58 | €40,866 | €54,999 | +€14,133 | +34.6% |
| Deferred charges and accrued income | 490/1 | €5,014 | €4,370 | -€644 | -12.8% |
| Total equity and liabilities | 10/49 | €202,433 | €207,237 | +€4,804 | +2.4% |
| Equity | 10/15 | €91,264 | €116,100 | +€24,836 | +27.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €92,009 | €113,100 | +€21,091 | +22.9% |
| Distributable reserves | 133 | €92,009 | €113,100 | +€21,091 | +22.9% |
| Profit (loss) carried forward | 14 | -€3,745 | - | +€3,745 | |
| Amounts payable | 17/49 | €111,169 | €91,138 | -€20,031 | -18.0% |
| Amounts payable after more than one year | 17 | €74,464 | €63,489 | -€10,975 | -14.7% |
| Financial debts | 170/4 | €74,464 | €63,489 | -€10,975 | -14.7% |
| Amounts payable within one year | 42/48 | €35,701 | €27,649 | -€8,052 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €10,807 | €10,975 | +€168 | +1.6% |
| Trade debts | 44 | €9,293 | - | -€9,293 | |
| Suppliers | 440/4 | €9,293 | - | -€9,293 | |
| Taxes, remuneration and social security | 45 | €5,880 | €16,674 | +€10,793 | +184% |
| Taxes | 450/3 | €4,062 | €13,225 | +€9,163 | +226% |
| Remuneration and social security | 454/9 | €1,818 | €3,448 | +€1,630 | +89.7% |
| Other amounts payable | 47/48 | €9,721 | - | -€9,721 | |
| Accrued charges and deferred income | 492/3 | €1,004 | - | -€1,004 | |
| Remuneration, social security and pensions | 62 | €15,696 | €64,274 | +€48,578 | +309% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,875 | €24,879 | +€4,004 | +19.2% |
| Other operating charges | 640/8 | €7,713 | €1,352 | -€6,361 | -82.5% |
| Gross operating margin | 9900 | €43,774 | €133,290 | +€89,516 | +204% |
| Operating profit (loss) | 9901 | -€509 | €42,786 | +€43,295 | |
| Financial income | 75/76B | €1 | €166 | +€166 | +24,369% |
| Recurring financial income | 75 | €1 | €166 | +€166 | +24,369% |
| Financial charges | 65/66B | €1,761 | €1,458 | -€302 | -17.2% |
| Recurring financial charges | 65 | €1,761 | €1,458 | -€302 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,269 | €41,494 | +€43,763 | |
| Income taxes | 67/77 | €1,476 | €16,658 | +€15,183 | +1,029% |
| Profit (loss) for the period | 9904 | -€3,745 | €24,836 | +€28,580 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,745 | €24,836 | +€28,580 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.