YCHANGE: 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.
YCHANGE
Largest movements
- Tangible fixed assets -€16,049
down €16,049 (-28.9%), from €55,622 to €39,573
- Deferred charges and accrued income +€15,172
new in 2025: €15,172
- Receivables within one year -€11,835
down €11,835 (-2.5%), from €482,736 to €470,900
of which Trade receivables: -€42,604
- Reserves +€47,422
up €47,422 (+16.0%), from €295,750 to €343,172
- Other debts -€30,122
down €30,122 (-33.5%), from €90,000 to €59,878
- Tax, wage and social debts -€20,941
down €20,941 (-24.5%), from €85,549 to €64,608
- Debts after one year -€10,635
down €10,635 (-33.7%), from €31,530 to €20,895
- Gross operating margin -€129,990
down €129,990 (-55.1%), from €235,899 to €105,909
- Taxes -€20,586
down €20,586 (-59.2%), from €34,803 to €14,216
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 | €541,239 | €525,645 | -€15,594 | -2.9% |
| Fixed assets | 21/28 | €55,622 | €39,573 | -€16,049 | -28.9% |
| Tangible fixed assets | 22/27 | €55,622 | €39,573 | -€16,049 | -28.9% |
| Furniture and vehicles | 24 | €55,622 | €39,573 | -€16,049 | -28.9% |
| Current assets | 29/58 | €485,617 | €486,072 | +€455 | +0.1% |
| Amounts receivable within one year | 40/41 | €482,736 | €470,900 | -€11,835 | -2.5% |
| Trade receivables | 40 | €110,485 | €67,881 | -€42,604 | -38.6% |
| Other amounts receivable | 41 | €372,251 | €403,019 | +€30,769 | +8.3% |
| Cash at bank and in hand | 54/58 | €2,882 | €0 | -€2,882 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €15,172 | +€15,172 | |
| Total equity and liabilities | 10/49 | €541,239 | €525,645 | -€15,594 | -2.9% |
| Equity | 10/15 | €309,750 | €357,172 | +€47,422 | +15.3% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €295,750 | €343,172 | +€47,422 | +16.0% |
| Distributable reserves | 133 | €295,750 | €343,172 | +€47,422 | +16.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €231,489 | €168,473 | -€63,016 | -27.2% |
| Amounts payable after more than one year | 17 | €31,530 | €20,895 | -€10,635 | -33.7% |
| Financial debts | 170/4 | €31,530 | €20,895 | -€10,635 | -33.7% |
| Amounts payable within one year | 42/48 | €199,960 | €145,589 | -€54,371 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €10,130 | €10,635 | +€505 | +5.0% |
| Financial debts | 43 | - | €1,249 | +€1,249 | |
| Credit institutions | 430/8 | - | €1,249 | +€1,249 | |
| Trade debts | 44 | €14,281 | €9,219 | -€5,063 | -35.4% |
| Suppliers | 440/4 | €14,281 | €9,219 | -€5,063 | -35.4% |
| Taxes, remuneration and social security | 45 | €85,549 | €64,608 | -€20,941 | -24.5% |
| Taxes | 450/3 | €85,549 | €64,608 | -€20,941 | -24.5% |
| Other amounts payable | 47/48 | €90,000 | €59,878 | -€30,122 | -33.5% |
| Accrued charges and deferred income | 492/3 | €0 | €1,990 | +€1,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,049 | €16,049 | = | 0.0% |
| Other operating charges | 640/8 | €200 | €0 | -€200 | -100.0% |
| Gross operating margin | 9900 | €235,899 | €105,909 | -€129,990 | -55.1% |
| Operating profit (loss) | 9901 | €219,650 | €89,860 | -€129,790 | -59.1% |
| Financial income | 75/76B | €19,494 | €20,412 | +€918 | +4.7% |
| Recurring financial income | 75 | €19,494 | €20,412 | +€918 | +4.7% |
| Financial charges | 65/66B | €2,835 | €3,633 | +€798 | +28.2% |
| Recurring financial charges | 65 | €2,835 | €3,633 | +€798 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €236,309 | €106,638 | -€129,671 | -54.9% |
| Income taxes | 67/77 | €34,803 | €14,216 | -€20,586 | -59.2% |
| Profit (loss) for the period | 9904 | €201,507 | €92,422 | -€109,085 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €201,507 | €92,422 | -€109,085 | -54.1% |
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 12 October 2026 via checked.be.