YANNICK: 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.
YANNICK
Largest movements
- Tangible fixed assets -€795,887
down €795,887 (-95.0%), from €837,372 to €41,485
of which Land and buildings: -€758,556
- Receivables within one year +€581,315
up €581,315 (+1859.5%), from €31,262 to €612,576
of which Other amounts receivable: +€478,947
- Current investments +€349,401
new in 2025: €349,401
- Cash +€39,525
up €39,525 (+2207.0%), from €1,791 to €41,316
mainly Investment in fixed assets (net) (+€789,832) and Net result for the year (+€522,130)
- Deferred charges and accrued income +€16,876
up €16,876 (+78.6%), from €21,468 to €38,345
- Reserves +€478,657
up €478,657 (+286.3%), from €167,167 to €645,823
of which Distributable reserves: +€643,964
- Debts after one year -€360,321
down €360,321 (-100.0%), from €360,321 to €0
- Tax, wage and social debts +€318,938
up €318,938 (+1410.6%), from €22,609 to €341,547
- Accrued charges and deferred income -€272,019
down €272,019 (-100.0%), from €272,019 to €0
- Trade debts +€140,181
up €140,181 (+708.5%), from €19,786 to €159,967
- Gross operating margin +€694,016
up €694,016 (+517.9%), from €134,012 to €828,028
- Taxes +€312,822
up €312,822 (+2276.2%), from €13,743 to €326,565
- Depreciation -€31,195
down €31,195 (-83.7%), from €37,250 to €6,055
- Financial income +€17,296
up €17,296 (+728.9%), from €2,373 to €19,669
- Financial charges +€8,806
up €8,806 (+70.8%), from €12,446 to €21,253
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 | €974,699 | €1,165,929 | +€191,230 | +19.6% |
| Fixed assets | 21/28 | €837,372 | €41,485 | -€795,887 | -95.0% |
| Tangible fixed assets | 22/27 | €837,372 | €41,485 | -€795,887 | -95.0% |
| Land and buildings | 22 | €758,556 | €0 | -€758,556 | -100.0% |
| Plant, machinery and equipment | 23 | €32,205 | €32,216 | +€11 | 0.0% |
| Furniture and vehicles | 24 | €14,261 | €9,269 | -€4,993 | -35.0% |
| Other tangible fixed assets | 26 | €32,349 | €0 | -€32,349 | -100.0% |
| Current assets | 29/58 | €137,327 | €1,124,444 | +€987,117 | +718.8% |
| Amounts receivable after more than one year | 29 | €82,806 | €82,806 | = | 0.0% |
| Other amounts receivable | 291 | €82,806 | €82,806 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,262 | €612,576 | +€581,315 | +1859.5% |
| Trade receivables | 40 | €10,795 | €113,162 | +€102,367 | +948.3% |
| Other amounts receivable | 41 | €20,467 | €499,414 | +€478,947 | +2340.1% |
| Current investments | 50/53 | - | €349,401 | +€349,401 | |
| Cash at bank and in hand | 54/58 | €1,791 | €41,316 | +€39,525 | +2207.0% |
| Deferred charges and accrued income | 490/1 | €21,468 | €38,345 | +€16,876 | +78.6% |
| Total equity and liabilities | 10/49 | €974,699 | €1,165,929 | +€191,230 | +19.6% |
| Equity | 10/15 | €142,285 | €664,415 | +€522,130 | +367.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €167,167 | €645,823 | +€478,657 | +286.3% |
| Tax-exempt reserves | 132 | €165,307 | €0 | -€165,307 | -100.0% |
| Distributable reserves | 133 | €1,859 | €645,823 | +€643,964 | +34636.6% |
| Profit (loss) carried forward | 14 | -€43,473 | €0 | +€43,473 | |
| Provisions and deferred taxes | 16 | €55,018 | €0 | -€55,018 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €13,319 | €0 | -€13,319 | -100.0% |
| Taxes | 161 | €13,319 | €0 | -€13,319 | -100.0% |
| Deferred taxes | 168 | €41,699 | €0 | -€41,699 | -100.0% |
| Amounts payable | 17/49 | €777,396 | €501,514 | -€275,882 | -35.5% |
| Amounts payable after more than one year | 17 | €360,321 | €0 | -€360,321 | -100.0% |
| Financial debts | 170/4 | €360,321 | €0 | -€360,321 | -100.0% |
| Amounts payable within one year | 42/48 | €145,055 | €501,514 | +€356,459 | +245.7% |
| Current portion of amounts payable after more than one year | 42 | €76,683 | €0 | -€76,683 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €19,786 | €159,967 | +€140,181 | +708.5% |
| Suppliers | 440/4 | €19,786 | €159,967 | +€140,181 | +708.5% |
| Advances received on contracts in progress | 46 | €25,977 | €0 | -€25,977 | -100.0% |
| Taxes, remuneration and social security | 45 | €22,609 | €341,547 | +€318,938 | +1410.6% |
| Taxes | 450/3 | €22,609 | €341,547 | +€318,938 | +1410.6% |
| Accrued charges and deferred income | 492/3 | €272,019 | €0 | -€272,019 | -100.0% |
| Non-recurring operating income | 76A | - | €759,116 | +€759,116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,250 | €6,055 | -€31,195 | -83.7% |
| Other operating charges | 640/8 | €11,882 | €13,393 | +€1,512 | +12.7% |
| Gross operating margin | 9900 | €134,012 | €828,028 | +€694,016 | +517.9% |
| Operating profit (loss) | 9901 | €84,881 | €808,580 | +€723,700 | +852.6% |
| Financial income | 75/76B | €2,373 | €19,669 | +€17,296 | +728.9% |
| Recurring financial income | 75 | €2,373 | €19,669 | +€17,296 | +728.9% |
| Financial charges | 65/66B | €12,446 | €21,253 | +€8,806 | +70.8% |
| Recurring financial charges | 65 | €12,446 | €21,253 | +€8,806 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | €74,807 | €806,996 | +€732,189 | +978.8% |
| Transfer from deferred taxes | 780 | €1,310 | €41,699 | +€40,390 | +3084.3% |
| Income taxes | 67/77 | €13,743 | €326,565 | +€312,822 | +2276.2% |
| Profit (loss) for the period | 9904 | €62,373 | €522,130 | +€459,757 | +737.1% |
| Transfer from tax-exempt reserves | 789 | €5,238 | €165,307 | +€160,069 | +3055.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,611 | €687,437 | +€619,826 | +916.7% |
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 3 October 2026 via checked.be.