Yannick R: what changed
Two fiscal 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 R
Largest movements
- Current investments +€1.2m
up €1.2m (+460.0%), from €250,000 to €1.4m
- Receivables within one year -€883,891
down €883,891 (-98.2%), from €899,870 to €15,979
of which Other amounts receivable: -€896,891
- Cash -€142,825
down €142,825 (-34.4%), from €414,838 to €272,013
mainly Current investments (-€1.2m) and Contributions, distributions and other (-€750,000)
- Other debts +€637,500
up €637,500 (+29.3%), from €2.2m to €2.8m
- Profit (loss) carried forward -€534,273
down €534,273 (-16.5%), from €3.2m to €2.7m
- Financial income -€3.0m
down €3.0m (-99.5%), from €3.0m to €15,114
- Financial charges +€41,108
up €41,108 (+38909.7%), from €106 to €41,214
- Taxes -€8,534
down €8,534 (-10.4%), from €82,215 to €73,680
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 | €5,954,078 | €6,086,137 | +€132,059 | +2.2% |
| Fixed assets | 21/28 | €4,387,944 | €4,372,747 | -€15,197 | -0.3% |
| Tangible fixed assets | 22/27 | €47,580 | €32,383 | -€15,197 | -31.9% |
| Furniture and vehicles | 24 | €47,580 | €32,383 | -€15,197 | -31.9% |
| Financial fixed assets | 28 | €4,340,364 | €4,340,364 | = | 0.0% |
| Current assets | 29/58 | €1,566,134 | €1,713,390 | +€147,256 | +9.4% |
| Amounts receivable within one year | 40/41 | €899,870 | €15,979 | -€883,891 | -98.2% |
| Trade receivables | 40 | €0 | €13,000 | +€13,000 | |
| Other amounts receivable | 41 | €899,870 | €2,979 | -€896,891 | -99.7% |
| Current investments | 50/53 | €250,000 | €1,400,000 | +€1.2m | +460.0% |
| Cash at bank and in hand | 54/58 | €414,838 | €272,013 | -€142,825 | -34.4% |
| Deferred charges and accrued income | 490/1 | €1,426 | €25,398 | +€23,972 | +1680.9% |
| Total equity and liabilities | 10/49 | €5,954,078 | €6,086,137 | +€132,059 | +2.2% |
| Equity | 10/15 | €3,700,359 | €3,166,085 | -€534,273 | -14.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €463,190 | €463,190 | = | 0.0% |
| Distributable reserves | 133 | €463,190 | €463,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,234,669 | €2,700,396 | -€534,273 | -16.5% |
| Amounts payable | 17/49 | €2,253,720 | €2,920,051 | +€666,332 | +29.6% |
| Amounts payable within one year | 42/48 | €2,253,457 | €2,877,948 | +€624,490 | +27.7% |
| Trade debts | 44 | €1,387 | €2,029 | +€642 | +46.3% |
| Suppliers | 440/4 | €1,387 | €2,029 | +€642 | +46.3% |
| Taxes, remuneration and social security | 45 | €76,068 | €62,416 | -€13,652 | -17.9% |
| Taxes | 450/3 | €73,939 | €60,287 | -€13,652 | -18.5% |
| Remuneration and social security | 454/9 | €2,129 | €2,129 | = | 0.0% |
| Other amounts payable | 47/48 | €2,176,003 | €2,813,503 | +€637,500 | +29.3% |
| Accrued charges and deferred income | 492/3 | €262 | €42,104 | +€41,842 | +15961.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,197 | €15,197 | = | 0.0% |
| Other operating charges | 640/8 | €586 | €813 | +€227 | +38.8% |
| Gross operating margin | 9900 | €332,490 | €331,518 | -€972 | -0.3% |
| Operating profit (loss) | 9901 | €316,707 | €315,507 | -€1,199 | -0.4% |
| Financial income | 75/76B | €3,000,282 | €15,114 | -€3.0m | -99.5% |
| Recurring financial income | 75 | €3,000,282 | €15,114 | -€3.0m | -99.5% |
| Financial charges | 65/66B | €106 | €41,214 | +€41,108 | +38909.7% |
| Recurring financial charges | 65 | €106 | €41,214 | +€41,108 | +38909.7% |
| Profit (loss) for the period before taxes | 9903 | €3,316,883 | €289,407 | -€3.0m | -91.3% |
| Income taxes | 67/77 | €82,215 | €73,680 | -€8,534 | -10.4% |
| Profit (loss) for the period | 9904 | €3,234,669 | €215,727 | -€3.0m | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,234,669 | €215,727 | -€3.0m | -93.3% |
Source: filed annual accounts (NBB), fiscal 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.