Yannick Driesen: 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 Driesen
Largest movements
- Tangible fixed assets -€13,475
down €13,475 (-25.4%), from €52,990 to €39,515
- Receivables within one year -€6,090
down €6,090 (-76.8%), from €7,926 to €1,837
of which Trade receivables: -€7,662
- Debts after one year -€11,536
down €11,536 (-36.6%), from €31,545 to €20,009
- Reserves -€9,029
down €9,029 (-55.7%), from €16,211 to €7,182
- Trade debts +€2,281
up €2,281, from €0 to €2,281
- Other debts +€1,376
up €1,376 (+34.9%), from €3,941 to €5,317
- Current portion of long-term debt -€1,187
down €1,187 (-9.3%), from €12,723 to €11,536
- Depreciation +€6,402
up €6,402 (+90.5%), from €7,074 to €13,475
- Gross operating margin -€1,601
down €1,601 (-16.2%), from €9,898 to €8,296
- Financial charges +€851
up €851 (+76.1%), from €1,119 to €1,970
- Other operating charges +€743
up €743 (+83.3%), from €893 to €1,636
- Taxes -€421
down €421 (-47.9%), from €880 to €459
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 | €76,369 | €57,264 | -€19,105 | -25.0% |
| Fixed assets | 21/28 | €52,990 | €39,515 | -€13,475 | -25.4% |
| Tangible fixed assets | 22/27 | €52,990 | €39,515 | -€13,475 | -25.4% |
| Furniture and vehicles | 24 | €52,990 | €39,515 | -€13,475 | -25.4% |
| Current assets | 29/58 | €23,379 | €17,749 | -€5,629 | -24.1% |
| Amounts receivable within one year | 40/41 | €7,926 | €1,837 | -€6,090 | -76.8% |
| Trade receivables | 40 | €7,662 | €0 | -€7,662 | -100% |
| Other amounts receivable | 41 | €264 | €1,837 | +€1,572 | +595% |
| Cash at bank and in hand | 54/58 | €13,668 | €14,272 | +€604 | +4.4% |
| Deferred charges and accrued income | 490/1 | €1,784 | €1,641 | -€143 | -8.0% |
| Total equity and liabilities | 10/49 | €76,369 | €57,264 | -€19,105 | -25.0% |
| Equity | 10/15 | €17,211 | €8,182 | -€9,029 | -52.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,211 | €7,182 | -€9,029 | -55.7% |
| Distributable reserves | 133 | €16,211 | €7,182 | -€9,029 | -55.7% |
| Amounts payable | 17/49 | €59,158 | €49,082 | -€10,076 | -17.0% |
| Amounts payable after more than one year | 17 | €31,545 | €20,009 | -€11,536 | -36.6% |
| Financial debts | 170/4 | €31,545 | €20,009 | -€11,536 | -36.6% |
| Amounts payable within one year | 42/48 | €27,403 | €28,892 | +€1,490 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €12,723 | €11,536 | -€1,187 | -9.3% |
| Trade debts | 44 | €0 | €2,281 | +€2,281 | |
| Suppliers | 440/4 | €0 | €2,281 | +€2,281 | |
| Taxes, remuneration and social security | 45 | €10,739 | €9,759 | -€980 | -9.1% |
| Taxes | 450/3 | €8,239 | €2,094 | -€6,144 | -74.6% |
| Remuneration and social security | 454/9 | €2,500 | €7,665 | +€5,165 | +207% |
| Other amounts payable | 47/48 | €3,941 | €5,317 | +€1,376 | +34.9% |
| Accrued charges and deferred income | 492/3 | €211 | €181 | -€30 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,074 | €13,475 | +€6,402 | +90.5% |
| Other operating charges | 640/8 | €893 | €1,636 | +€743 | +83.3% |
| Gross operating margin | 9900 | €9,898 | €8,296 | -€1,601 | -16.2% |
| Operating profit (loss) | 9901 | €1,931 | -€6,815 | -€8,746 | |
| Financial income | 75/76B | €212 | €215 | +€4 | +1.7% |
| Recurring financial income | 75 | €212 | €215 | +€4 | +1.7% |
| Financial charges | 65/66B | €1,119 | €1,970 | +€851 | +76.1% |
| Recurring financial charges | 65 | €1,119 | €1,970 | +€851 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | €1,024 | -€8,570 | -€9,594 | |
| Income taxes | 67/77 | €880 | €459 | -€421 | -47.9% |
| Profit (loss) for the period | 9904 | €144 | -€9,029 | -€9,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €144 | -€9,029 | -€9,173 |
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 23 October 2026 via checked.be.