YANNICK OPSTEYN: what changed
What changed
YANNICK OPSTEYN
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€198,792
2024 · €149,250+€49,542
Equity
€985,182
2024 · €786,391+€198,792
Cash
€515,423
2024 · €149,017+€366,406
Balance sheet total
€2.0m
2024 · €1.8m+€226,875
Largest movements
Assets
- Cash +€366,406
up €366,406 (+246%), from €149,017 to €515,423
mainly Net result for the year (+€198,792) and Stocks and contracts (+€142,618)
- Stocks and contracts -€142,618
down €142,618 (-43.7%), from €326,315 to €183,697
of which Contracts in progress: -€115,350
- Receivables within one year +€93,272
up €93,272 (+13.7%), from €680,830 to €774,101
of which Trade receivables: +€49,829
- Tangible fixed assets -€78,982
down €78,982 (-12.7%), from €620,545 to €541,563
of which Land and buildings: -€42,065
Equity and liabilities
- Reserves +€198,792
up €198,792 (+25.5%), from €778,331 to €977,122
- Debts after one year -€93,750
down €93,750 (-20.7%), from €451,852 to €358,102
- Trade debts +€87,714
up €87,714 (+20.4%), from €430,417 to €518,131
Income statement
- Gross operating margin +€98,537
up €98,537 (+11.7%), from €842,074 to €940,611
- Financial charges +€25,268
up €25,268 (+119%), from €21,296 to €46,565
- Taxes +€19,282
up €19,282 (+34.4%), from €56,101 to €75,383
- Staff costs -€13,514
down €13,514 (-2.6%), from €512,735 to €499,221
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€149,250
Gross operating margin
+€98,537
Staff costs
+€13,514
Depreciation
-€7,723
Other operating charges
-€2,373
Other operating items
-€1,126
Financial income
-€6,737
Financial charges
-€25,268
Taxes
-€19,282
Result 2025
€198,792
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€474,565
Investment
-€28,602
Financing
-€79,556
Cash 2024
€149,017
From operations (derived)
+€474,565
Net result for the year
+€198,792
Depreciation
+€107,584
Stocks and contracts
+€142,618
Receivables within one year
-€93,272
Deferred charges and accrued income
+€11,202
Trade debts
+€87,714
Tax, wage and social debts
+€19,860
Other debts
+€745
Accrued charges and deferred income
-€679
Investment (derived)
-€28,602
Investment in fixed assets (net)
-€28,602
Financing
-€79,556
Debts after one year
-€93,750
Current portion of long-term debt
+€14,194
Cash 2025
€515,423
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,787,909 | €2,014,785 | +€226,875 | +12.7% |
| Fixed assets | 21/28 | €620,545 | €541,563 | -€78,982 | -12.7% |
| Tangible fixed assets | 22/27 | €620,545 | €541,563 | -€78,982 | -12.7% |
| Land and buildings | 22 | €404,949 | €362,884 | -€42,065 | -10.4% |
| Plant, machinery and equipment | 23 | €20,211 | €15,238 | -€4,974 | -24.6% |
| Furniture and vehicles | 24 | €187,382 | €162,295 | -€25,087 | -13.4% |
| Leasing and similar rights | 25 | €8,003 | €1,147 | -€6,856 | -85.7% |
| Current assets | 29/58 | €1,167,364 | €1,473,221 | +€305,857 | +26.2% |
| Stocks and contracts in progress | 3 | €326,315 | €183,697 | -€142,618 | -43.7% |
| Stocks | 30/36 | €86,698 | €59,430 | -€27,268 | -31.5% |
| Contracts in progress | 37 | €239,617 | €124,267 | -€115,350 | -48.1% |
| Amounts receivable within one year | 40/41 | €680,830 | €774,101 | +€93,272 | +13.7% |
| Trade receivables | 40 | €566,366 | €616,195 | +€49,829 | +8.8% |
| Other amounts receivable | 41 | €114,464 | €157,907 | +€43,443 | +38.0% |
| Cash at bank and in hand | 54/58 | €149,017 | €515,423 | +€366,406 | +246% |
| Deferred charges and accrued income | 490/1 | €11,202 | - | -€11,202 | |
| Total equity and liabilities | 10/49 | €1,787,909 | €2,014,785 | +€226,875 | +12.7% |
| Equity | 10/15 | €786,391 | €985,182 | +€198,792 | +25.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €778,331 | €977,122 | +€198,792 | +25.5% |
| Distributable reserves | 133 | €778,331 | €977,122 | +€198,792 | +25.5% |
| Amounts payable | 17/49 | €1,001,519 | €1,029,602 | +€28,084 | +2.8% |
| Amounts payable after more than one year | 17 | €451,852 | €358,102 | -€93,750 | -20.7% |
| Financial debts | 170/4 | €451,852 | €358,102 | -€93,750 | -20.7% |
| Amounts payable within one year | 42/48 | €548,988 | €671,501 | +€122,513 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €58,911 | €73,105 | +€14,194 | +24.1% |
| Trade debts | 44 | €430,417 | €518,131 | +€87,714 | +20.4% |
| Suppliers | 440/4 | €430,417 | €518,131 | +€87,714 | +20.4% |
| Advances received on contracts in progress | 46 | €12,026 | €12,026 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €46,953 | €66,813 | +€19,860 | +42.3% |
| Taxes | 450/3 | €7,377 | €10,549 | +€3,172 | +43.0% |
| Remuneration and social security | 454/9 | €39,576 | €56,264 | +€16,688 | +42.2% |
| Other amounts payable | 47/48 | €681 | €1,427 | +€745 | +109% |
| Accrued charges and deferred income | 492/3 | €679 | - | -€679 | |
| Non-recurring operating income | 76A | €9,050 | - | -€9,050 | |
| Remuneration, social security and pensions | 62 | €512,735 | €499,221 | -€13,514 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,861 | €107,584 | +€7,723 | +7.7% |
| Other operating charges | 640/8 | €10,618 | €12,991 | +€2,373 | +22.3% |
| Non-recurring operating charges | 66A | €3,861 | €4,987 | +€1,126 | +29.2% |
| Gross operating margin | 9900 | €842,074 | €940,611 | +€98,537 | +11.7% |
| Operating profit (loss) | 9901 | €214,999 | €315,828 | +€100,829 | +46.9% |
| Financial income | 75/76B | €11,648 | €4,911 | -€6,737 | -57.8% |
| Recurring financial income | 75 | €11,648 | €4,911 | -€6,737 | -57.8% |
| Financial charges | 65/66B | €21,296 | €46,565 | +€25,268 | +119% |
| Recurring financial charges | 65 | €21,296 | €46,565 | +€25,268 | +119% |
| Profit (loss) for the period before taxes | 9903 | €205,351 | €274,175 | +€68,824 | +33.5% |
| Income taxes | 67/77 | €56,101 | €75,383 | +€19,282 | +34.4% |
| Profit (loss) for the period | 9904 | €149,250 | €198,792 | +€49,542 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €149,250 | €198,792 | +€49,542 | +33.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.