YB PROJECTS: 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.
YB PROJECTS
Largest movements
- Receivables within one year +€17,119
up €17,119 (+128%), from €13,334 to €30,453
of which Other amounts receivable: +€10,085
- Cash +€16,731
up €16,731 (+58.5%), from €28,609 to €45,340
mainly Trade debts (+€29,526) and Tax, wage and social debts (+€5,347)
- Deferred charges and accrued income +€4,205
up €4,205 (+1,157%), from €363 to €4,568
- Trade debts +€29,526
up €29,526 (+21,324%), from €138 to €29,664
- Tax, wage and social debts +€5,347
new in 2025: €5,347
of which Remuneration and social security: +€4,000
- Reserves +€2,822
up €2,822 (+12.8%), from €22,076 to €24,898
- Gross operating margin -€23,715
down €23,715 (-70.3%), from €33,743 to €10,028
- Taxes -€4,923
down €4,923 (-76.6%), from €6,427 to €1,504
- Other operating charges +€1,207
up €1,207 (+129%), from €937 to €2,145
- Depreciation -€1,043
down €1,043 (-74.3%), from €1,403 to €360
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 | €46,214 | €83,909 | +€37,695 | +81.6% |
| Formation expenses | 20 | €992 | €992 | = | 0.0% |
| Fixed assets | 21/28 | €2,916 | €2,556 | -€360 | -12.3% |
| Tangible fixed assets | 22/27 | €2,916 | €2,556 | -€360 | -12.3% |
| Plant, machinery and equipment | 23 | €1,394 | €1,246 | -€147 | -10.6% |
| Furniture and vehicles | 24 | €1,522 | €1,309 | -€213 | -14.0% |
| Current assets | 29/58 | €42,307 | €80,361 | +€38,054 | +89.9% |
| Amounts receivable within one year | 40/41 | €13,334 | €30,453 | +€17,119 | +128% |
| Trade receivables | 40 | €4,339 | €11,373 | +€7,034 | +162% |
| Other amounts receivable | 41 | €8,995 | €19,080 | +€10,085 | +112% |
| Cash at bank and in hand | 54/58 | €28,609 | €45,340 | +€16,731 | +58.5% |
| Deferred charges and accrued income | 490/1 | €363 | €4,568 | +€4,205 | +1,157% |
| Total equity and liabilities | 10/49 | €46,214 | €83,909 | +€37,695 | +81.6% |
| Equity | 10/15 | €26,076 | €28,898 | +€2,822 | +10.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €22,076 | €24,898 | +€2,822 | +12.8% |
| Distributable reserves | 133 | €22,076 | €24,898 | +€2,822 | +12.8% |
| Amounts payable | 17/49 | €20,138 | €55,011 | +€34,873 | +173% |
| Amounts payable within one year | 42/48 | €20,138 | €55,011 | +€34,873 | +173% |
| Trade debts | 44 | €138 | €29,664 | +€29,526 | +21,324% |
| Suppliers | 440/4 | €138 | €29,664 | +€29,526 | +21,324% |
| Taxes, remuneration and social security | 45 | - | €5,347 | +€5,347 | |
| Taxes | 450/3 | - | €1,347 | +€1,347 | |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,403 | €360 | -€1,043 | -74.3% |
| Other operating charges | 640/8 | €937 | €2,145 | +€1,207 | +129% |
| Gross operating margin | 9900 | €33,743 | €10,028 | -€23,715 | -70.3% |
| Operating profit (loss) | 9901 | €31,403 | €7,524 | -€23,879 | -76.0% |
| Financial income | 75/76B | €12 | €25 | +€14 | +117% |
| Recurring financial income | 75 | €12 | €25 | +€14 | +117% |
| Financial charges | 65/66B | €2,912 | €3,223 | +€311 | +10.7% |
| Recurring financial charges | 65 | €2,912 | €3,223 | +€311 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €28,503 | €4,326 | -€24,177 | -84.8% |
| Income taxes | 67/77 | €6,427 | €1,504 | -€4,923 | -76.6% |
| Profit (loss) for the period | 9904 | €22,076 | €2,822 | -€19,254 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,076 | €2,822 | -€19,254 | -87.2% |
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 13 October 2026 via checked.be.