YANNICK PETIT: 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 PETIT
Largest movements
- Receivables within one year -€17,805
down €17,805 (-41.2%), from €43,252 to €25,447
of which Other amounts receivable: -€11,773
- Tangible fixed assets -€10,463
down €10,463 (-3.8%), from €277,203 to €266,740
of which Land and buildings: -€10,098
- Cash -€4,464
down €4,464 (-42.2%), from €10,581 to €6,117
mainly Accrued charges and deferred income (-€57,031) and Debts after one year (-€37,741)
- Stocks and contracts +€3,931
up €3,931 (+21.7%), from €18,156 to €22,087
of which Stocks: +€3,931
- Accrued charges and deferred income -€57,031
no longer reported in 2025 (was €57,031)
- Debts after one year -€37,741
down €37,741 (-58.6%), from €64,360 to €26,620
- Short-term financial debts +€37,226
new in 2025: €37,226
- Profit (loss) carried forward +€36,982
up €36,982, from -€26,880 to €10,101
- Trade debts -€16,307
down €16,307 (-14.9%), from €109,709 to €93,402
- Gross operating margin +€38,346
up €38,346 (+23.0%), from €167,003 to €205,349
- Write-downs -€22,817
no longer reported in 2025 (was €22,817)
- Staff costs +€8,990
up €8,990 (+6.8%), from €133,010 to €142,000
- Financial charges -€4,165
down €4,165 (-34.2%), from €12,194 to €8,029
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 | €353,663 | €324,635 | -€29,028 | -8.2% |
| Fixed assets | 21/28 | €277,353 | €266,890 | -€10,463 | -3.8% |
| Tangible fixed assets | 22/27 | €277,203 | €266,740 | -€10,463 | -3.8% |
| Land and buildings | 22 | €276,838 | €266,740 | -€10,098 | -3.6% |
| Furniture and vehicles | 24 | €366 | €0 | -€366 | -100% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €76,309 | €57,744 | -€18,565 | -24.3% |
| Stocks and contracts in progress | 3 | €18,156 | €22,087 | +€3,931 | +21.7% |
| Stocks | 30/36 | €1,236 | €5,167 | +€3,931 | +318% |
| Contracts in progress | 37 | €16,920 | €16,920 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,252 | €25,447 | -€17,805 | -41.2% |
| Trade receivables | 40 | €20,380 | €14,348 | -€6,032 | -29.6% |
| Other amounts receivable | 41 | €22,872 | €11,099 | -€11,773 | -51.5% |
| Cash at bank and in hand | 54/58 | €10,581 | €6,117 | -€4,464 | -42.2% |
| Deferred charges and accrued income | 490/1 | €4,320 | €4,093 | -€227 | -5.2% |
| Total equity and liabilities | 10/49 | €353,663 | €324,635 | -€29,028 | -8.2% |
| Equity | 10/15 | €67,251 | €102,684 | +€35,433 | +52.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,880 | €10,101 | +€36,982 | |
| Investment grants | 15 | €44,132 | €42,583 | -€1,549 | -3.5% |
| Amounts payable | 17/49 | €286,411 | €221,950 | -€64,461 | -22.5% |
| Amounts payable after more than one year | 17 | €64,360 | €26,620 | -€37,741 | -58.6% |
| Financial debts | 170/4 | €64,360 | €26,620 | -€37,741 | -58.6% |
| Amounts payable within one year | 42/48 | €165,020 | €195,330 | +€30,310 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €36,925 | €37,741 | +€816 | +2.2% |
| Financial debts | 43 | - | €37,226 | +€37,226 | |
| Other loans | 439 | - | €37,226 | +€37,226 | |
| Trade debts | 44 | €109,709 | €93,402 | -€16,307 | -14.9% |
| Suppliers | 440/4 | €109,709 | €93,402 | -€16,307 | -14.9% |
| Taxes, remuneration and social security | 45 | €17,454 | €26,653 | +€9,199 | +52.7% |
| Taxes | 450/3 | €5,394 | €5,463 | +€69 | +1.3% |
| Remuneration and social security | 454/9 | €12,060 | €21,191 | +€9,130 | +75.7% |
| Other amounts payable | 47/48 | €932 | €309 | -€623 | -66.8% |
| Accrued charges and deferred income | 492/3 | €57,031 | - | -€57,031 | |
| Remuneration, social security and pensions | 62 | €133,010 | €142,000 | +€8,990 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,561 | €10,463 | -€97 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,817 | - | -€22,817 | |
| Other operating charges | 640/8 | €6,970 | €8,394 | +€1,425 | +20.4% |
| Gross operating margin | 9900 | €167,003 | €205,349 | +€38,346 | +23.0% |
| Operating profit (loss) | 9901 | -€6,354 | €44,492 | +€50,845 | |
| Financial income | 75/76B | €1,582 | €2,254 | +€673 | +42.5% |
| Recurring financial income | 75 | €1,582 | €2,254 | +€673 | +42.5% |
| Financial charges | 65/66B | €12,194 | €8,029 | -€4,165 | -34.2% |
| Recurring financial charges | 65 | €12,194 | €8,029 | -€4,165 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,966 | €38,717 | +€55,683 | |
| Income taxes | 67/77 | - | €1,735 | +€1,735 | |
| Profit (loss) for the period | 9904 | -€16,966 | €36,982 | +€53,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,966 | €36,982 | +€53,948 |
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 16 October 2026 via checked.be.