Yannick Wouters: 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 Wouters
Largest movements
- Cash -€11,166
down €11,166 (-13.5%), from €82,830 to €71,664
mainly Contributions, distributions and other (-€285,037) and Other debts (-€26,194)
- Receivables within one year -€8,980
down €8,980 (-5.1%), from €177,795 to €168,815
of which Other amounts receivable: -€28,321
- Current investments -€8,472
down €8,472 (-34.8%), from €24,350 to €15,878
- Tangible fixed assets +€7,453
up €7,453 (+614%), from €1,214 to €8,666
of which Land and buildings: +€5,225
- Other debts -€26,194
down €26,194 (-9.3%), from €281,982 to €255,787
- Tax, wage and social debts +€4,698
new in 2025: €4,698
of which Remuneration and social security: +€4,373
- Gross operating margin +€4,484
up €4,484 (+1.2%), from €375,929 to €380,413
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 | €286,188 | €265,536 | -€20,652 | -7.2% |
| Fixed assets | 21/28 | €1,214 | €8,666 | +€7,453 | +614% |
| Tangible fixed assets | 22/27 | €1,214 | €8,666 | +€7,453 | +614% |
| Land and buildings | 22 | - | €5,225 | +€5,225 | |
| Plant, machinery and equipment | 23 | - | €2,976 | +€2,976 | |
| Furniture and vehicles | 24 | €1,214 | €465 | -€749 | -61.7% |
| Current assets | 29/58 | €284,974 | €256,870 | -€28,105 | -9.9% |
| Amounts receivable within one year | 40/41 | €177,795 | €168,815 | -€8,980 | -5.1% |
| Trade receivables | 40 | €149,336 | €168,677 | +€19,341 | +13.0% |
| Other amounts receivable | 41 | €28,459 | €138 | -€28,321 | -99.5% |
| Current investments | 50/53 | €24,350 | €15,878 | -€8,472 | -34.8% |
| Cash at bank and in hand | 54/58 | €82,830 | €71,664 | -€11,166 | -13.5% |
| Deferred charges and accrued income | 490/1 | - | €513 | +€513 | |
| Total equity and liabilities | 10/49 | €286,188 | €265,536 | -€20,652 | -7.2% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €283,188 | €262,536 | -€20,652 | -7.3% |
| Amounts payable within one year | 42/48 | €283,188 | €262,536 | -€20,652 | -7.3% |
| Trade debts | 44 | €1,206 | €2,051 | +€845 | +70.0% |
| Suppliers | 440/4 | €1,206 | €2,051 | +€845 | +70.0% |
| Taxes, remuneration and social security | 45 | - | €4,698 | +€4,698 | |
| Taxes | 450/3 | - | €325 | +€325 | |
| Remuneration and social security | 454/9 | - | €4,373 | +€4,373 | |
| Other amounts payable | 47/48 | €281,982 | €255,787 | -€26,194 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €844 | €1,618 | +€774 | +91.7% |
| Other operating charges | 640/8 | €399 | €494 | +€95 | +23.9% |
| Gross operating margin | 9900 | €375,929 | €380,413 | +€4,484 | +1.2% |
| Operating profit (loss) | 9901 | €374,686 | €378,301 | +€3,616 | +1.0% |
| Financial income | 75/76B | €707 | €272 | -€436 | -61.6% |
| Recurring financial income | 75 | €707 | €272 | -€436 | -61.6% |
| Financial charges | 65/66B | €3,829 | €3,131 | -€699 | -18.2% |
| Recurring financial charges | 65 | €3,829 | €3,131 | -€699 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €371,564 | €375,442 | +€3,879 | +1.0% |
| Income taxes | 67/77 | €89,582 | €90,405 | +€823 | +0.9% |
| Profit (loss) for the period | 9904 | €281,982 | €285,037 | +€3,056 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €281,982 | €285,037 | +€3,056 | +1.1% |
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 28 October 2026 via checked.be.