YANNICK DEMOULIN: 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 DEMOULIN
Largest movements
- Cash +€6,415
up €6,415 (+133%), from €4,832 to €11,247
mainly Receivables within one year (+€4,589) and Stocks and contracts (+€4,152)
- Receivables within one year -€4,589
down €4,589 (-91.5%), from €5,014 to €425
of which Trade receivables: -€4,152
- Stocks and contracts -€4,152
down €4,152 (-77.6%), from €5,352 to €1,200
- Tangible fixed assets -€3,089
down €3,089 (-34.0%), from €9,089 to €6,000
of which Furniture and vehicles: -€2,360
- Deferred charges and accrued income +€503
new in 2025: €503
- Other debts -€6,741
down €6,741 (-50.1%), from €13,463 to €6,723
- Trade debts +€1,494
up €1,494 (+291%), from €514 to €2,008
- Profit (loss) carried forward +€1,217
up €1,217 (+31.9%), from €3,821 to €5,038
- Tax, wage and social debts -€917
down €917 (-61.6%), from €1,489 to €571
- Gross operating margin -€2,766
down €2,766 (-28.3%), from €9,758 to €6,992
- Other operating charges +€1,237
up €1,237 (+492%), from €251 to €1,488
- Taxes -€560
down €560 (-63.9%), from €875 to €315
- Depreciation +€361
up €361 (+13.2%), from €2,728 to €3,089
- Financial charges -€347
down €347 (-28.2%), from €1,230 to €883
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 | €24,287 | €19,375 | -€4,912 | -20.2% |
| Fixed assets | 21/28 | €9,089 | €6,000 | -€3,089 | -34.0% |
| Tangible fixed assets | 22/27 | €9,089 | €6,000 | -€3,089 | -34.0% |
| Plant, machinery and equipment | 23 | €2,410 | €1,682 | -€728 | -30.2% |
| Furniture and vehicles | 24 | €6,679 | €4,318 | -€2,360 | -35.3% |
| Current assets | 29/58 | €15,198 | €13,375 | -€1,823 | -12.0% |
| Stocks and contracts in progress | 3 | €5,352 | €1,200 | -€4,152 | -77.6% |
| Stocks | 30/36 | €5,352 | €1,200 | -€4,152 | -77.6% |
| Amounts receivable within one year | 40/41 | €5,014 | €425 | -€4,589 | -91.5% |
| Trade receivables | 40 | €4,152 | €0 | -€4,152 | -100% |
| Other amounts receivable | 41 | €862 | €425 | -€437 | -50.7% |
| Cash at bank and in hand | 54/58 | €4,832 | €11,247 | +€6,415 | +133% |
| Deferred charges and accrued income | 490/1 | - | €503 | +€503 | |
| Total equity and liabilities | 10/49 | €24,287 | €19,375 | -€4,912 | -20.2% |
| Equity | 10/15 | €8,821 | €10,038 | +€1,217 | +13.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,821 | €5,038 | +€1,217 | +31.9% |
| Amounts payable | 17/49 | €15,466 | €9,337 | -€6,129 | -39.6% |
| Amounts payable within one year | 42/48 | €15,466 | €9,302 | -€6,164 | -39.9% |
| Trade debts | 44 | €514 | €2,008 | +€1,494 | +291% |
| Suppliers | 440/4 | €514 | €2,008 | +€1,494 | +291% |
| Taxes, remuneration and social security | 45 | €1,489 | €571 | -€917 | -61.6% |
| Taxes | 450/3 | €1,489 | €571 | -€917 | -61.6% |
| Other amounts payable | 47/48 | €13,463 | €6,723 | -€6,741 | -50.1% |
| Accrued charges and deferred income | 492/3 | - | €35 | +€35 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,728 | €3,089 | +€361 | +13.2% |
| Other operating charges | 640/8 | €251 | €1,488 | +€1,237 | +492% |
| Non-recurring operating charges | 66A | €971 | - | -€971 | |
| Gross operating margin | 9900 | €9,758 | €6,992 | -€2,766 | -28.3% |
| Operating profit (loss) | 9901 | €5,807 | €2,415 | -€3,392 | -58.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,230 | €883 | -€347 | -28.2% |
| Recurring financial charges | 65 | €1,230 | €883 | -€347 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €4,577 | €1,533 | -€3,044 | -66.5% |
| Income taxes | 67/77 | €875 | €315 | -€560 | -63.9% |
| Profit (loss) for the period | 9904 | €3,702 | €1,217 | -€2,485 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,702 | €1,217 | -€2,485 | -67.1% |
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 15 October 2026 via checked.be.