YBLV: 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.
YBLV
Largest movements
- Current investments +€65,000
up €65,000 (+76.5%), from €85,000 to €150,000
- Cash +€21,686
up €21,686 (+19.0%), from €113,962 to €135,649
mainly Net result for the year (+€234,599) and Other debts (+€21,573)
- Receivables after one year -€20,000
down €20,000 (-12.5%), from €160,000 to €140,000
- Receivables within one year +€13,886
up €13,886 (+6.2%), from €222,594 to €236,481
of which Trade receivables: +€13,932
- Reserves +€40,062
up €40,062 (+6.9%), from €579,958 to €620,019
of which Distributable reserves: +€40,062
- Other debts +€21,573
new in 2025: €21,573
- Tax, wage and social debts +€19,566
up €19,566 (+128%), from €15,286 to €34,852
of which Taxes: +€16,397
- Financial income +€87,740
up €87,740 (+78.3%), from €111,989 to €199,729
- Gross operating margin -€10,390
down €10,390 (-11.4%), from €91,390 to €81,000
- Taxes +€7,246
up €7,246 (+21.1%), from €34,319 to €41,565
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 | €614,891 | €696,706 | +€81,815 | +13.3% |
| Fixed assets | 21/28 | €33,334 | €34,334 | +€1,000 | +3.0% |
| Tangible fixed assets | 22/27 | €7,209 | €8,209 | +€1,000 | +13.9% |
| Plant, machinery and equipment | 23 | €5,840 | €3,409 | -€2,431 | -41.6% |
| Furniture and vehicles | 24 | €1,369 | €4,800 | +€3,431 | +251% |
| Financial fixed assets | 28 | €26,125 | €26,125 | = | 0.0% |
| Current assets | 29/58 | €581,557 | €662,372 | +€80,815 | +13.9% |
| Amounts receivable after more than one year | 29 | €160,000 | €140,000 | -€20,000 | -12.5% |
| Other amounts receivable | 291 | €160,000 | €140,000 | -€20,000 | -12.5% |
| Amounts receivable within one year | 40/41 | €222,594 | €236,481 | +€13,886 | +6.2% |
| Trade receivables | 40 | €15,842 | €29,774 | +€13,932 | +87.9% |
| Other amounts receivable | 41 | €206,753 | €206,707 | -€46 | 0.0% |
| Current investments | 50/53 | €85,000 | €150,000 | +€65,000 | +76.5% |
| Cash at bank and in hand | 54/58 | €113,962 | €135,649 | +€21,686 | +19.0% |
| Deferred charges and accrued income | 490/1 | - | €242 | +€242 | |
| Total equity and liabilities | 10/49 | €614,891 | €696,706 | +€81,815 | +13.3% |
| Equity | 10/15 | €592,358 | €632,419 | +€40,062 | +6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €579,958 | €620,019 | +€40,062 | +6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €578,098 | €618,159 | +€40,062 | +6.9% |
| Amounts payable | 17/49 | €22,534 | €64,287 | +€41,753 | +185% |
| Amounts payable within one year | 42/48 | €22,534 | €64,287 | +€41,753 | +185% |
| Current portion of amounts payable after more than one year | 42 | €6,481 | €6,115 | -€366 | -5.7% |
| Trade debts | 44 | €767 | €1,747 | +€981 | +128% |
| Suppliers | 440/4 | €767 | €1,747 | +€981 | +128% |
| Taxes, remuneration and social security | 45 | €15,286 | €34,852 | +€19,566 | +128% |
| Taxes | 450/3 | €15,286 | €31,682 | +€16,397 | +107% |
| Remuneration and social security | 454/9 | - | €3,169 | +€3,169 | |
| Other amounts payable | 47/48 | - | €21,573 | +€21,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,583 | €3,509 | -€74 | -2.1% |
| Other operating charges | 640/8 | €603 | €394 | -€209 | -34.7% |
| Gross operating margin | 9900 | €91,390 | €81,000 | -€10,390 | -11.4% |
| Operating profit (loss) | 9901 | €87,205 | €77,098 | -€10,107 | -11.6% |
| Financial income | 75/76B | €111,989 | €199,729 | +€87,740 | +78.3% |
| Recurring financial income | 75 | €111,989 | €199,729 | +€87,740 | +78.3% |
| Financial charges | 65/66B | €912 | €662 | -€249 | -27.4% |
| Recurring financial charges | 65 | €912 | €662 | -€249 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €198,282 | €276,164 | +€77,882 | +39.3% |
| Income taxes | 67/77 | €34,319 | €41,565 | +€7,246 | +21.1% |
| Profit (loss) for the period | 9904 | €163,963 | €234,599 | +€70,636 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €163,963 | €234,599 | +€70,636 | +43.1% |
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 29 October 2026 via checked.be.