YD Build: 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.
YD Build
Largest movements
- Stocks and contracts +€1.6m
up €1.6m (+18.5%), from €8.9m to €10.5m
- Receivables within one year -€1.4m
down €1.4m (-46.1%), from €3.0m to €1.6m
of which Trade receivables: -€1.3m
- Cash +€167,199
up €167,199 (+33.9%), from €492,971 to €660,169
mainly Advances received (+€2.1m) and Receivables within one year (+€1.4m)
- Advances received +€2.1m
up €2.1m (+42.9%), from €5.0m to €7.1m
- Other debts -€911,761
down €911,761 (-37.5%), from €2.4m to €1.5m
- Trade debts -€848,044
down €848,044 (-23.4%), from €3.6m to €2.8m
- Debts after one year -€547,206
down €547,206 (-81.7%), from €669,995 to €122,790
- Profit (loss) carried forward +€394,050
up €394,050 (+97.2%), from -€405,444 to -€11,394
- Gross operating margin +€780,817
up €780,817, from -€271,770 to €509,047
- Other operating charges +€37,114
up €37,114 (+1,028%), from €3,610 to €40,723
- Financial income -€15,386
down €15,386 (-64.0%), from €24,058 to €8,673
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 | €12,382,906 | €12,796,621 | +€413,714 | +3.3% |
| Fixed assets | 21/28 | €1,578 | €1,112 | -€466 | -29.5% |
| Tangible fixed assets | 22/27 | €1,578 | €1,112 | -€466 | -29.5% |
| Furniture and vehicles | 24 | €1,578 | €1,112 | -€466 | -29.5% |
| Current assets | 29/58 | €12,381,328 | €12,795,509 | +€414,180 | +3.3% |
| Stocks and contracts in progress | 3 | €8,872,060 | €10,510,469 | +€1.6m | +18.5% |
| Contracts in progress | 37 | €8,872,060 | €10,510,469 | +€1.6m | +18.5% |
| Amounts receivable within one year | 40/41 | €3,016,125 | €1,624,871 | -€1.4m | -46.1% |
| Trade receivables | 40 | €2,778,577 | €1,488,002 | -€1.3m | -46.4% |
| Other amounts receivable | 41 | €237,548 | €136,869 | -€100,679 | -42.4% |
| Cash at bank and in hand | 54/58 | €492,971 | €660,169 | +€167,199 | +33.9% |
| Deferred charges and accrued income | 490/1 | €173 | €0 | -€173 | -100% |
| Total equity and liabilities | 10/49 | €12,382,906 | €12,796,621 | +€413,714 | +3.3% |
| Equity | 10/15 | -€382,728 | €11,322 | +€394,050 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,116 | €4,116 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,116 | €4,116 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€405,444 | -€11,394 | +€394,050 | +97.2% |
| Amounts payable | 17/49 | €12,765,634 | €12,785,298 | +€19,664 | +0.2% |
| Amounts payable after more than one year | 17 | €669,995 | €122,790 | -€547,206 | -81.7% |
| Financial debts | 170/4 | €669,995 | €122,790 | -€547,206 | -81.7% |
| Amounts payable within one year | 42/48 | €12,081,482 | €12,645,944 | +€564,462 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €999,319 | €1,250,000 | +€250,681 | +25.1% |
| Financial debts | 43 | - | €4,228 | +€4,228 | |
| Credit institutions | 430/8 | - | €4,228 | +€4,228 | |
| Trade debts | 44 | €3,626,849 | €2,778,805 | -€848,044 | -23.4% |
| Suppliers | 440/4 | €3,626,849 | €2,778,805 | -€848,044 | -23.4% |
| Advances received on contracts in progress | 46 | €4,964,027 | €7,091,286 | +€2.1m | +42.9% |
| Taxes, remuneration and social security | 45 | €57,901 | €0 | -€57,901 | -100% |
| Taxes | 450/3 | €57,901 | €0 | -€57,901 | -100% |
| Other amounts payable | 47/48 | €2,433,386 | €1,521,625 | -€911,761 | -37.5% |
| Accrued charges and deferred income | 492/3 | €14,158 | €16,565 | +€2,407 | +17.0% |
| Non-recurring operating income | 76A | - | €800,000 | +€800,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €466 | = | 0.0% |
| Other operating charges | 640/8 | €3,610 | €40,723 | +€37,114 | +1,028% |
| Non-recurring operating charges | 66A | - | €67,085 | +€67,085 | |
| Gross operating margin | 9900 | -€271,770 | €509,047 | +€780,817 | |
| Operating profit (loss) | 9901 | -€275,846 | €400,772 | +€676,619 | |
| Financial income | 75/76B | €24,058 | €8,673 | -€15,386 | -64.0% |
| Recurring financial income | 75 | €24,058 | €8,673 | -€15,386 | -64.0% |
| Financial charges | 65/66B | €11,884 | €15,651 | +€3,767 | +31.7% |
| Recurring financial charges | 65 | €11,884 | €15,651 | +€3,767 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | -€263,672 | €393,795 | +€657,466 | |
| Income taxes | 67/77 | €301 | -€256 | -€557 | |
| Profit (loss) for the period | 9904 | -€263,973 | €394,050 | +€658,023 | |
| Profit (loss) for the period to be appropriated | 9905 | -€263,973 | €394,050 | +€658,023 |
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 14 October 2026 via checked.be.