Yannick De Decker: 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 De Decker
Largest movements
- Receivables within one year +€14,373
up €14,373 (+25.7%), from €55,890 to €70,263
- Tangible fixed assets -€6,994
down €6,994 (-2.0%), from €346,498 to €339,505
of which Land and buildings: -€6,674
- Reserves +€19,733
up €19,733 (+10.0%), from €196,827 to €216,560
- Debts after one year -€11,500
down €11,500 (-4.0%), from €289,698 to €278,198
- Gross operating margin +€23,678
up €23,678 (+36.7%), from €64,473 to €88,151
- Taxes +€4,900
up €4,900 (+33.9%), from €14,468 to €19,369
- Depreciation +€3,678
up €3,678 (+42.2%), from €8,722 to €12,400
- Financial charges +€1,017
up €1,017 (+9.5%), from €10,720 to €11,737
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 | €526,714 | €539,396 | +€12,682 | +2.4% |
| Fixed assets | 21/28 | €346,498 | €339,505 | -€6,994 | -2.0% |
| Tangible fixed assets | 22/27 | €346,498 | €339,505 | -€6,994 | -2.0% |
| Land and buildings | 22 | €341,032 | €334,359 | -€6,674 | -2.0% |
| Furniture and vehicles | 24 | €5,466 | €5,146 | -€320 | -5.9% |
| Current assets | 29/58 | €180,215 | €199,891 | +€19,676 | +10.9% |
| Amounts receivable within one year | 40/41 | €55,890 | €70,263 | +€14,373 | +25.7% |
| Trade receivables | 40 | €55,890 | €70,263 | +€14,373 | +25.7% |
| Cash at bank and in hand | 54/58 | €120,774 | €125,726 | +€4,953 | +4.1% |
| Deferred charges and accrued income | 490/1 | €3,552 | €3,903 | +€351 | +9.9% |
| Total equity and liabilities | 10/49 | €526,714 | €539,396 | +€12,682 | +2.4% |
| Equity | 10/15 | €196,827 | €216,560 | +€19,733 | +10.0% |
| Reserves | 13 | €196,827 | €216,560 | +€19,733 | +10.0% |
| Distributable reserves | 133 | €196,827 | €216,560 | +€19,733 | +10.0% |
| Amounts payable | 17/49 | €329,886 | €322,836 | -€7,050 | -2.1% |
| Amounts payable after more than one year | 17 | €289,698 | €278,198 | -€11,500 | -4.0% |
| Financial debts | 170/4 | €289,698 | €278,198 | -€11,500 | -4.0% |
| Amounts payable within one year | 42/48 | €40,188 | €44,638 | +€4,450 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €11,108 | €11,500 | +€393 | +3.5% |
| Trade debts | 44 | €272 | €729 | +€457 | +168.2% |
| Suppliers | 440/4 | €272 | €729 | +€457 | +168.2% |
| Taxes, remuneration and social security | 45 | €25,895 | €30,193 | +€4,298 | +16.6% |
| Taxes | 450/3 | €25,895 | €30,193 | +€4,298 | +16.6% |
| Other amounts payable | 47/48 | €2,913 | €2,215 | -€698 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,722 | €12,400 | +€3,678 | +42.2% |
| Other operating charges | 640/8 | €1,091 | €917 | -€174 | -16.0% |
| Gross operating margin | 9900 | €64,473 | €88,151 | +€23,678 | +36.7% |
| Operating profit (loss) | 9901 | €54,660 | €74,834 | +€20,174 | +36.9% |
| Financial income | 75/76B | €1,366 | €1,094 | -€272 | -19.9% |
| Recurring financial income | 75 | €1,366 | €1,094 | -€272 | -19.9% |
| Financial charges | 65/66B | €10,720 | €11,737 | +€1,017 | +9.5% |
| Recurring financial charges | 65 | €10,720 | €11,737 | +€1,017 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €45,306 | €64,191 | +€18,885 | +41.7% |
| Income taxes | 67/77 | €14,468 | €19,369 | +€4,900 | +33.9% |
| Profit (loss) for the period | 9904 | €30,838 | €44,822 | +€13,985 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,838 | €44,822 | +€13,985 | +45.4% |
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 9 October 2026 via checked.be.