Yakup Mutlu: what changed
Two fiscal 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.
Yakup Mutlu
Largest movements
- Cash +€42,568
up €42,568 (+412.3%), from €10,323 to €52,891
mainly Net result for the year (+€22,803) and Trade debts (+€21,431)
- Receivables within one year -€9,048
down €9,048 (-24.6%), from €36,796 to €27,748
of which Trade receivables: -€13,664
- Tangible fixed assets +€5,484
up €5,484 (+11.8%), from €46,630 to €52,114
of which Furniture and vehicles: +€8,260
- Deferred charges and accrued income +€2,609
up €2,609 (+213.2%), from €1,224 to €3,832
- Reserves +€73,178
new in 2025: €73,178
- Profit (loss) carried forward -€50,375
no longer reported in 2025 (was €50,375)
- Trade debts +€21,431
up €21,431 (+3659.9%), from €586 to €22,016
- Debts after one year -€9,398
down €9,398 (-34.7%), from €27,100 to €17,702
- Tax, wage and social debts +€7,174
up €7,174 (+121.3%), from €5,915 to €13,089
- Gross operating margin +€4,400
up €4,400 (+9.1%), from €48,314 to €52,714
- Depreciation +€2,042
up €2,042 (+11.6%), from €17,658 to €19,700
- Staff costs +€1,063
up €1,063 (+599.4%), from €177 to €1,241
- Taxes +€1,002
up €1,002 (+16.9%), from €5,915 to €6,917
- Financial income +€845
new in 2025: €845
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.
Cash bridge derived
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 | €94,972 | €136,584 | +€41,612 | +43.8% |
| Fixed assets | 21/28 | €46,630 | €52,114 | +€5,484 | +11.8% |
| Tangible fixed assets | 22/27 | €46,630 | €52,114 | +€5,484 | +11.8% |
| Plant, machinery and equipment | 23 | €9,663 | €6,887 | -€2,776 | -28.7% |
| Furniture and vehicles | 24 | €36,967 | €45,227 | +€8,260 | +22.3% |
| Current assets | 29/58 | €48,343 | €84,471 | +€36,128 | +74.7% |
| Amounts receivable within one year | 40/41 | €36,796 | €27,748 | -€9,048 | -24.6% |
| Trade receivables | 40 | €23,406 | €9,742 | -€13,664 | -58.4% |
| Other amounts receivable | 41 | €13,390 | €18,006 | +€4,616 | +34.5% |
| Cash at bank and in hand | 54/58 | €10,323 | €52,891 | +€42,568 | +412.3% |
| Deferred charges and accrued income | 490/1 | €1,224 | €3,832 | +€2,609 | +213.2% |
| Total equity and liabilities | 10/49 | €94,972 | €136,584 | +€41,612 | +43.8% |
| Equity | 10/15 | €51,575 | €74,378 | +€22,803 | +44.2% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | - | €73,178 | +€73,178 | |
| Distributable reserves | 133 | - | €73,178 | +€73,178 | |
| Profit (loss) carried forward | 14 | €50,375 | - | -€50,375 | |
| Amounts payable | 17/49 | €43,397 | €62,206 | +€18,809 | +43.3% |
| Amounts payable after more than one year | 17 | €27,100 | €17,702 | -€9,398 | -34.7% |
| Financial debts | 170/4 | €27,100 | €17,702 | -€9,398 | -34.7% |
| Amounts payable within one year | 42/48 | €16,297 | €44,504 | +€28,207 | +173.1% |
| Current portion of amounts payable after more than one year | 42 | €9,796 | €9,398 | -€398 | -4.1% |
| Trade debts | 44 | €586 | €22,016 | +€21,431 | +3659.9% |
| Suppliers | 440/4 | €586 | €22,016 | +€21,431 | +3659.9% |
| Taxes, remuneration and social security | 45 | €5,915 | €13,089 | +€7,174 | +121.3% |
| Taxes | 450/3 | €5,915 | €13,089 | +€7,174 | +121.3% |
| Remuneration, social security and pensions | 62 | €177 | €1,241 | +€1,063 | +599.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,658 | €19,700 | +€2,042 | +11.6% |
| Other operating charges | 640/8 | €1,188 | €947 | -€241 | -20.3% |
| Gross operating margin | 9900 | €48,314 | €52,714 | +€4,400 | +9.1% |
| Operating profit (loss) | 9901 | €29,290 | €30,827 | +€1,537 | +5.2% |
| Financial income | 75/76B | - | €845 | +€845 | |
| Recurring financial income | 75 | - | €845 | +€845 | |
| Financial charges | 65/66B | €2,685 | €1,951 | -€733 | -27.3% |
| Recurring financial charges | 65 | €2,685 | €1,951 | -€733 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €26,606 | €29,721 | +€3,115 | +11.7% |
| Income taxes | 67/77 | €5,915 | €6,917 | +€1,002 | +16.9% |
| Profit (loss) for the period | 9904 | €20,690 | €22,803 | +€2,113 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,690 | €22,803 | +€2,113 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.