Yannick Buyckx: 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.
Yannick Buyckx
Largest movements
- Tangible fixed assets -€7,489
down €7,489 (-24.0%), from €31,194 to €23,706
of which Leasing and similar rights: -€10,372
- Cash -€5,093
down €5,093 (-31.5%), from €16,191 to €11,098
mainly Contributions, distributions and other (-€26,000) and Tax, wage and social debts (-€8,426)
- Receivables within one year -€4,271
down €4,271 (-16.6%), from €25,796 to €21,525
of which Other amounts receivable: -€4,370
- Deferred charges and accrued income +€1,726
new in 2025: €1,726
- Other debts +€12,783
up €12,783 (+51.1%), from €25,000 to €37,783
- Tax, wage and social debts -€8,426
down €8,426 (-60.0%), from €14,052 to €5,626
- Profit (loss) carried forward -€7,999
down €7,999 (-89.0%), from €8,984 to €985
- Current portion of long-term debt -€7,209
down €7,209 (-57.6%), from €12,511 to €5,302
- Debts after one year -€5,307
no longer reported in 2025 (was €5,307)
- Gross operating margin -€12,497
down €12,497 (-24.9%), from €50,092 to €37,595
- Depreciation -€3,351
down €3,351 (-22.0%), from €15,198 to €11,848
- Taxes -€1,944
down €1,944 (-24.8%), from €7,843 to €5,899
- Financial charges -€922
down €922 (-53.7%), from €1,717 to €796
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 | €73,181 | €58,054 | -€15,126 | -20.7% |
| Fixed assets | 21/28 | €31,194 | €23,706 | -€7,489 | -24.0% |
| Tangible fixed assets | 22/27 | €31,194 | €23,706 | -€7,489 | -24.0% |
| Plant, machinery and equipment | 23 | €925 | - | -€925 | |
| Furniture and vehicles | 24 | €204 | €4,013 | +€3,809 | +1,863% |
| Leasing and similar rights | 25 | €30,064 | €19,693 | -€10,372 | -34.5% |
| Current assets | 29/58 | €41,986 | €34,349 | -€7,638 | -18.2% |
| Amounts receivable within one year | 40/41 | €25,796 | €21,525 | -€4,271 | -16.6% |
| Trade receivables | 40 | €20,325 | €20,424 | +€99 | +0.5% |
| Other amounts receivable | 41 | €5,471 | €1,101 | -€4,370 | -79.9% |
| Cash at bank and in hand | 54/58 | €16,191 | €11,098 | -€5,093 | -31.5% |
| Deferred charges and accrued income | 490/1 | - | €1,726 | +€1,726 | |
| Total equity and liabilities | 10/49 | €73,181 | €58,054 | -€15,126 | -20.7% |
| Equity | 10/15 | €13,984 | €5,985 | -€7,999 | -57.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,984 | €985 | -€7,999 | -89.0% |
| Amounts payable | 17/49 | €59,196 | €52,069 | -€7,127 | -12.0% |
| Amounts payable after more than one year | 17 | €5,307 | - | -€5,307 | |
| Financial debts | 170/4 | €5,307 | - | -€5,307 | |
| Amounts payable within one year | 42/48 | €53,890 | €52,037 | -€1,853 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €12,511 | €5,302 | -€7,209 | -57.6% |
| Trade debts | 44 | €2,327 | €3,327 | +€1,000 | +43.0% |
| Suppliers | 440/4 | €2,327 | €3,327 | +€1,000 | +43.0% |
| Taxes, remuneration and social security | 45 | €14,052 | €5,626 | -€8,426 | -60.0% |
| Taxes | 450/3 | €14,052 | €5,626 | -€8,426 | -60.0% |
| Other amounts payable | 47/48 | €25,000 | €37,783 | +€12,783 | +51.1% |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,198 | €11,848 | -€3,351 | -22.0% |
| Other operating charges | 640/8 | €666 | €520 | -€146 | -21.9% |
| Non-recurring operating charges | 66A | - | €532 | +€532 | |
| Gross operating margin | 9900 | €50,092 | €37,595 | -€12,497 | -24.9% |
| Operating profit (loss) | 9901 | €34,228 | €24,696 | -€9,533 | -27.8% |
| Financial income | 75/76B | €104 | €0 | -€104 | -100.0% |
| Recurring financial income | 75 | €104 | €0 | -€104 | -100.0% |
| Financial charges | 65/66B | €1,717 | €796 | -€922 | -53.7% |
| Recurring financial charges | 65 | €1,717 | €796 | -€922 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €32,615 | €23,900 | -€8,715 | -26.7% |
| Income taxes | 67/77 | €7,843 | €5,899 | -€1,944 | -24.8% |
| Profit (loss) for the period | 9904 | €24,772 | €18,001 | -€6,771 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,772 | €18,001 | -€6,771 | -27.3% |
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 22 October 2026 via checked.be.