Yannick Thys: 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 Thys
Largest movements
- Tangible fixed assets -€28,040
down €28,040 (-83.9%), from €33,409 to €5,369
of which Furniture and vehicles: -€28,790
- Cash -€17,020
down €17,020 (-41.6%), from €40,869 to €23,849
mainly Debts after one year (-€16,970) and Contributions, distributions and other (-€16,000)
- Stocks and contracts -€1,345
no longer reported in 2025 (was €1,345)
- Debts after one year -€16,970
no longer reported in 2025 (was €16,970)
- Reserves -€15,499
down €15,499 (-35.3%), from €43,867 to €28,369
- Current portion of long-term debt -€11,220
down €11,220 (-92.5%), from €12,124 to €904
- Trade debts -€2,960
down €2,960 (-51.6%), from €5,736 to €2,775
- Depreciation -€6,539
down €6,539 (-47.0%), from €13,924 to €7,385
- Gross operating margin -€5,698
down €5,698 (-35.0%), from €16,285 to €10,587
- Taxes +€274
up €274 (+35.6%), from €769 to €1,043
- Financial charges -€230
down €230 (-20.9%), from €1,101 to €871
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 | €85,122 | €37,948 | -€47,175 | -55.4% |
| Fixed assets | 21/28 | €33,409 | €5,369 | -€28,040 | -83.9% |
| Tangible fixed assets | 22/27 | €33,409 | €5,369 | -€28,040 | -83.9% |
| Plant, machinery and equipment | 23 | - | €750 | +€750 | |
| Furniture and vehicles | 24 | €33,409 | €4,619 | -€28,790 | -86.2% |
| Current assets | 29/58 | €51,714 | €32,579 | -€19,134 | -37.0% |
| Stocks and contracts in progress | 3 | €1,345 | - | -€1,345 | |
| Stocks | 30/36 | €1,345 | - | -€1,345 | |
| Amounts receivable within one year | 40/41 | €9,218 | €8,422 | -€796 | -8.6% |
| Trade receivables | 40 | €6,487 | €1,261 | -€5,226 | -80.6% |
| Other amounts receivable | 41 | €2,731 | €7,161 | +€4,430 | +162.2% |
| Cash at bank and in hand | 54/58 | €40,869 | €23,849 | -€17,020 | -41.6% |
| Deferred charges and accrued income | 490/1 | €281 | €308 | +€27 | +9.5% |
| Total equity and liabilities | 10/49 | €85,122 | €37,948 | -€47,175 | -55.4% |
| Equity | 10/15 | €48,867 | €33,369 | -€15,499 | -31.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,867 | €28,369 | -€15,499 | -35.3% |
| Distributable reserves | 133 | €43,867 | €28,369 | -€15,499 | -35.3% |
| Amounts payable | 17/49 | €36,255 | €4,579 | -€31,676 | -87.4% |
| Amounts payable after more than one year | 17 | €16,970 | - | -€16,970 | |
| Financial debts | 170/4 | €16,970 | - | -€16,970 | |
| Amounts payable within one year | 42/48 | €19,285 | €4,579 | -€14,705 | -76.3% |
| Current portion of amounts payable after more than one year | 42 | €12,124 | €904 | -€11,220 | -92.5% |
| Trade debts | 44 | €5,736 | €2,775 | -€2,960 | -51.6% |
| Suppliers | 440/4 | €5,736 | €2,775 | -€2,960 | -51.6% |
| Taxes, remuneration and social security | 45 | €1,426 | €900 | -€526 | -36.9% |
| Taxes | 450/3 | €1,426 | €900 | -€526 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,924 | €7,385 | -€6,539 | -47.0% |
| Other operating charges | 640/8 | €822 | €787 | -€35 | -4.2% |
| Gross operating margin | 9900 | €16,285 | €10,587 | -€5,698 | -35.0% |
| Operating profit (loss) | 9901 | €1,539 | €2,415 | +€876 | +56.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.9% |
| Financial charges | 65/66B | €1,101 | €871 | -€230 | -20.9% |
| Recurring financial charges | 65 | €1,101 | €871 | -€230 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €439 | €1,544 | +€1,105 | +251.4% |
| Income taxes | 67/77 | €769 | €1,043 | +€274 | +35.6% |
| Profit (loss) for the period | 9904 | -€330 | €501 | +€831 | |
| Profit (loss) for the period to be appropriated | 9905 | -€330 | €501 | +€831 |
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 6 October 2026 via checked.be.